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Are we moving away from residual income?

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Are we moving away from residual income?

Postby Joyce Penner on Tue Apr 17, 2012 7:25 am

Is residual income not as important as it was 5 years ago? I see lots of people promoting 1 or 2 tier commission affiliate or other programs where you just have to do xyz every day and you create income.

Where did retirement go? Where did living the lifestyle you want go?

Is it not important anymore?
Joyce
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Re: Are we moving away from residual income?

Postby Luanne Crawford on Tue Apr 17, 2012 7:55 am

Hey Joyce, thanks for the thought provoking questions. We do need to think longer term. When I find helpful tools and resources that others may benefit from to help with marketing, I will affiliate and offer it on my blog or in a classified, while continuing to offer my primary MLM company.
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Re: Are we moving away from residual income?

Postby Melvin Goodrum on Tue Apr 17, 2012 11:52 am

JoycePenner wrote:Is residual income not as important as it was 5 years ago? I see lots of people promoting 1 or 2 tier commission affiliate or other programs where you just have to do xyz every day and you create income.

Where did retirement go? Where did living the lifestyle you want go?

Is it not important anymore?
Joyce



I think Joyce that the landscape has evolved. Its hard for network marketing companies to stay in business any longer with the "recruit, recruit, recruit" strategy. With social media, people pretty much have instant access as to what products are great and which ones are just a front for a pyramid scheme and well as the unfortunate effect of complaints that are easily accessible by the Bad Business Bureau, Pissed Off Customer, etc.

Ultimately, I think the economy has made it to where having a big house and a fancy car are no longer luxuries but are burdens as they see their "rich friends" lose their homes and have their cars and furnitures repocessed....


Simply Put...... The Joneses can no longer keep up with themselves



I've been encouraging everyone not to go for the big mansions and riches but to simplify their lives, clear up debt, and live with-in their means. Its better to live in a 500 square foot cabin and be retired than to have a big house and have to work until you drop just to maintain it. Aesop's fable of "Lean Freedom is Better Than Fat Slavery" cannot be more true in this day and age.


People need to start living with less so that they can have the best wealth of all......freedom.
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Re: Are we moving away from residual income?

Postby Joyce Penner on Tue Apr 17, 2012 1:03 pm

There's wisdom in those words Melvin. Living within your means is a given or should be.

It is so critical to be working with the right company. BBB - no complaints. Products? Happy customers.
Tie that in with integrity, authenticity and honesty within your system and there is a winning combination if someone wants it.
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Re: Are we moving away from residual income?

Postby Richard Bravo on Tue Apr 17, 2012 3:28 pm

.

Not only residual income, but "passive residual" income.

CashFlow 101...
increase profits / minimize expenses / invest in cashflowing assets / rinse & repeat


.
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Re: Are we moving away from residual income?

Postby willie robertson on Tue Apr 17, 2012 4:37 pm

Hello Joyce,

Just last week I was playing around with domain names and I came up with "walk away income" which of course was already taken, but interesting enough I went on to google the term and I came across some interesting article discussions on the subject.

It seems some people don't believe walk away or residual income is possible.

What has happened to our industry?

Also it just may be the effects of the economy that some find it hard to particpate in some high dollar autoship MLM companies.

I have personally began to lean more toward the one time no auto ship ventures like MBP or MPB what ever the case may be. :lol:

I had an interest in a Globe Travel Network, a company started by marketer John Breck of I Buzz Pro. It was a one time cost program, and it seem to have a great travel package, now I can't even get their website to come up.

FYI: here are just a couple of articles on how some feel about the MLM residual or what I like to call, potential walk away income. They make some valid points on the real possiblities of achieving residual/walk away income in MLM. :cry:

http://www.realscam.com/f9/mlm-myth-wal ... income-587

http://www.clearlycomputers.com/Articles.aspx?id=282
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Re: Are we moving away from residual income?

Postby Joyce Penner on Tue Apr 17, 2012 6:29 pm

It seems some people don't believe walk away or residual income is possible.


I believe they believe that, Willie. Most people have already spent years trying to build a network marketing business and haven't seen any money never mind passive residual income.

It's called cynicism. And I don't blame them, I could have very easily gotten to that point too.

I was talking to a friend of mine and told him I wish what I was doing now was available back when we first started and his response was basically "But then you wouldn't know what you know now. You had to go through it." He's probably right.

My job now is to create that significant residual passive income and then go back and say to the cynics - BS ! I did it.

I've got the system to do it.
Joyce
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Re: Are we moving away from residual income?

Postby Don Egnor on Tue Apr 17, 2012 8:15 pm

It is possible and just like Joyce...I have found it. Don't give up on the idea people because it is out there!
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Re: Are we moving away from residual income?

Postby Melvin Goodrum on Wed Apr 18, 2012 6:08 pm

JoycePenner wrote:
It seems some people don't believe walk away or residual income is possible.


I believe they believe that, Willie. Most people have already spent years trying to build a network marketing business and haven't seen any money never mind passive residual income.

It's called cynicism. And I don't blame them, I could have very easily gotten to that point too.

I was talking to a friend of mine and told him I wish what I was doing now was available back when we first started and his response was basically "But then you wouldn't know what you know now. You had to go through it." He's probably right.

My job now is to create that significant residual passive income and then go back and say to the cynics - BS ! I did it.

I've got the system to do it.
Joyce



A lot of it has to deal with training but it also has to do with people simply not having any customer service skills whatsoever which is typical of this time. Back in the day, you had to usually go door to door and meet people directly...with social media, it doesn't happen anymore
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Re: Are we moving away from residual income?

Postby Joyce Penner on Wed Apr 18, 2012 6:20 pm

Goodrum wrote:
JoycePenner wrote:
It seems some people don't believe walk away or residual income is possible.


I believe they believe that, Willie. Most people have already spent years trying to build a network marketing business and haven't seen any money never mind passive residual income.

It's called cynicism. And I don't blame them, I could have very easily gotten to that point too.

I was talking to a friend of mine and told him I wish what I was doing now was available back when we first started and his response was basically "But then you wouldn't know what you know now. You had to go through it." He's probably right.

My job now is to create that significant residual passive income and then go back and say to the cynics - BS ! I did it.

I've got the system to do it.
Joyce



A lot of it has to deal with training but it also has to do with people simply not having any customer service skills whatsoever which is typical of this time. Back in the day, you had to usually go door to door and meet people directly...with social media, it doesn't happen anymore


Like I say Melvin. You have to give people what they want and need and skills are not necessary when you've got the system to help ALL people no matter their skill level.
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