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Are we moving away from residual income?

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Re: Are we moving away from residual income?

Postby Mario Sanders on Thu Apr 19, 2012 5:48 am

It seems that people are not looking for residual income. They are looking for 'now' income. "Residual income" seems to sound long term. You build residual income as you build your business. You can leverage that income later if you don't spend it earlier on in bulding your business.
You don't spend your retirement income or social security because it is set for later in life or long term goals.
One article mentioned that 97% of MLMers make about $10 a month. That is not much to talk about. But if you put that $10 a month away for several years or decades down the road, it could add up to a nice sizeable amount. You could leverage that amount into a larger sum. You can live off of this residual nicely.
A million people making a million dollars is called a living. The next question is "how often are they making that million"? Everybody gets a piece of the pie! :lol:
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Re: Are we moving away from residual income?

Postby Anthony Harris on Thu Apr 19, 2012 2:12 pm

I agree with the post above.

People do want Residual Income but looking for the now money.
The residual income especially when it comes to network marketing
can take years as we all know.

I believe thats why high tier direct sales business are so popular now
an this day and age.
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Re: Are we moving away from residual income?

Postby Joyce Penner on Thu Apr 19, 2012 2:34 pm

mlsanders wrote:It seems that people are not looking for residual income. They are looking for 'now' income. "Residual income" seems to sound long term. You build residual income as you build your business. You can leverage that income later if you don't spend it earlier on in bulding your business.
You don't spend your retirement income or social security because it is set for later in life or long term goals.
One article mentioned that 97% of MLMers make about $10 a month. That is not much to talk about. But if you put that $10 a month away for several years or decades down the road, it could add up to a nice sizeable amount. You could leverage that amount into a larger sum. You can live off of this residual nicely.
A million people making a million dollars is called a living. The next question is "how often are they making that million"? Everybody gets a piece of the pie! :lol:


Good point Mario but why are people spending years getting "now" money when they could be spending the same amount of time and effort and making "passive residual" income?
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Re: Are we moving away from residual income?

Postby willie robertson on Thu Apr 19, 2012 6:23 pm

Just wondering if maybe people are now seeing this MLM thing as a quick cash, money getting, don't care who gets hurt game.

Many new day MLM'ers talk down old school MLM or at least the old school marketing methods, yet there are many old school marketers that are actually making residual income today.

Back in the day, late 1980's, when I first got in MLM, they were about building a team and sales force, because the people or team moved the products, thus money was made.

The products were good and people wanted them and keep ordering them, thus you had a greater potential of really earning residual income.

Maybe they know a few things about earning passive and residual income that we new kids on the block don't.
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Re: Are we moving away from residual income?

Postby Joyce Penner on Thu Apr 19, 2012 8:11 pm

realdealwill wrote:Just wondering if maybe people are now seeing this MLM thing as a quick cash, money getting, don't care who gets hurt game.

Many new day MLM'ers talk down old school MLM or at least the old school marketing methods, yet there are many old school marketers that are actually making residual income today.

Back in the day, late 1980's, when I first got in MLM, they were about building a team and sales force, because the people or team moved the products, thus money was made.

The products were good and people wanted them and keep ordering them, thus you had a greater potential of really earning residual income.

Maybe they know a few things about earning passive and residual income that we new kids on the block don't.


Willie YOU HAVE NAILED IT. Old school works and taking an online system and putting the best of offline and online into one cool system is what's going to kick butt. Add basic business principles which isn't being taught and on top of that no additional skills are needed and that all spells success with a capital S.
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Re: Are we moving away from residual income?

Postby Richard Bravo on Thu Apr 19, 2012 8:44 pm

.

Exactly...
Image
realdealwill wrote:Just wondering if maybe people are now seeing this MLM thing as a quick cash, money getting, don't care who gets hurt game.
.

I like that Willie...
realdealwill wrote:Back in the day, late 1980's, when I first got in MLM, they were about building a team and sales force, because the people or team moved the products, thus money was made.

The products were good and people wanted them and keep ordering them, thus you had a greater potential of really earning residual income.

Maybe they know a few things about earning passive and residual income that we new kids on the block don't.



I see old school as the New School.
Things always cycle.

My first introduction to network marketing was in Amway; I was 19. (Im 38 now)
I was floored... the personal growth was intense.
It was as old school as they come.

That experience crossed over with me into several business ventures after that.
From detailing cars, to real estate, to our new mlm team.

Today's new school is so old school the new schoolers cant even see it yet.

The pioneering age we're walking into right now is a beautifully orchestrated hybrid of time tested sales and marketing married with cutting edge technology and a level of automation, delivery and follow-up never available till now... And it just keeps getting better.

What I see happening is the cycle shifting back to an age where the customer wants the connection, they want to feel like more than just a number, a piece of meat, a demographic.

We have a service out here called Schwans... they deliver food to your door. The Schwans man come to your door, sits with you for a few minutes, takes your order... you know him by name, he knows you, your kids names; its very personable service. Or you can order online. In both cases the Schwans man delivers it to your door with a friendly smile, a handshake and a thank you.

Technology - Service - Convenience - Quality - Personal Attention

Those are all traits the cycle in the market place is turning towards.
The dilemma is that those who focused strictly on "new school" - the shadow game of anonymous affiliate marketing and faceless internet marketing, which is a big part of my own business model over the last few years, the problem they are encountering is they lack the second piece of the formula... old school fundamentals.

And they're being left behind... tactics and secret strategies are starting to break.

We aren't necessarily moving away from residual income...
The issue is less people know how to actually create and sustain it in THESE days at THIS time in the current and changing economic landscape.

.
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Re: Are we moving away from residual income?

Postby Melvin Goodrum on Sun Apr 22, 2012 6:43 am

RichardBravo wrote:.

Exactly...
Image
realdealwill wrote:Just wondering if maybe people are now seeing this MLM thing as a quick cash, money getting, don't care who gets hurt game.
.

I like that Willie...
realdealwill wrote:Back in the day, late 1980's, when I first got in MLM, they were about building a team and sales force, because the people or team moved the products, thus money was made.

The products were good and people wanted them and keep ordering them, thus you had a greater potential of really earning residual income.

Maybe they know a few things about earning passive and residual income that we new kids on the block don't.



I see old school as the New School.
Things always cycle.

My first introduction to network marketing was in Amway; I was 19. (Im 38 now)
I was floored... the personal growth was intense.
It was as old school as they come.

That experience crossed over with me into several business ventures after that.
From detailing cars, to real estate, to our new mlm team.

Today's new school is so old school the new schoolers cant even see it yet.

The pioneering age we're walking into right now is a beautifully orchestrated hybrid of time tested sales and marketing married with cutting edge technology and a level of automation, delivery and follow-up never available till now... And it just keeps getting better.

What I see happening is the cycle shifting back to an age where the customer wants the connection, they want to feel like more than just a number, a piece of meat, a demographic.

We have a service out here called Schwans... they deliver food to your door. The Schwans man come to your door, sits with you for a few minutes, takes your order... you know him by name, he knows you, your kids names; its very personable service. Or you can order online. In both cases the Schwans man delivers it to your door with a friendly smile, a handshake and a thank you.

Technology - Service - Convenience - Quality - Personal Attention

Those are all traits the cycle in the market place is turning towards.
The dilemma is that those who focused strictly on "new school" - the shadow game of anonymous affiliate marketing and faceless internet marketing, which is a big part of my own business model over the last few years, the problem they are encountering is they lack the second piece of the formula... old school fundamentals.

And they're being left behind... tactics and secret strategies are starting to break.

We aren't necessarily moving away from residual income...
The issue is less people know how to actually create and sustain it in THESE days at THIS time in the current and changing economic landscape.

.


Gee, I think everyone back in the day started with Amway. I always had the best results from selling the "Amway Office Products Line" at the time but they taught you a lot of stuff about personal connections and being the faithful old door to door salesman.

Folks can make excuses about prices, bad products, etc but if the biggest thing is that people want a fully grown tree in 1 week rather than waiting 15 years for it to grow as that's what residual income is


People need to have more patience in their business and keep going. I think the best example is Bill Porter from Watkins Inc. Everyone should hear his story to truly understand the value of perserverence and he's still going.

http://en.wikipedia.org/wiki/Bill_Porter_%28salesman%29
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Re: Are we moving away from residual income?

Postby Richard Bravo on Sun Apr 22, 2012 11:47 am

.

Good share Melvin! Image

.
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Re: Are we moving away from residual income?

Postby Melvin Goodrum on Sun Apr 22, 2012 5:54 pm

RichardBravo wrote:.

Good share Melvin! Image

.


Yea, whenever I hear someone complain, I tell them to go look up Bill Porter. He didn't become rich or wealthy but he simply adapted and overcame his disability of cerebal palsy and refused to collect welfare or a government handout or charity... I mean imagine this:

1. Waking up at 4am in the morning, taking 90 minutes to dress himself, catching a bus and walking 7-10 miles a day 6 days a week on a route that no one else wanted in the worst neighborhoods. He wouldn't be back home that day until 7pm at night....that's 15 hours.

2. Having to type all of your orders with one finger on a manual typewriter.

3. Crawling on his hands and knees on the last part of his route 3 miles in a f----ing snowstorm still hitting every house dragging his briefcase all because he knew everyone would be home

4. Even after being hit by a car in 1997 making him unable to walk his 10 mile route (47 years of work) he just called his 500 plus regular customers once a week from a tiny desk in his apartment (consider doing that when your voice slurrs) and then builds a new customer and recruitment base from his website and he can't even hold a mouse.




That is why I've been successful in business and its because I adapted "The Bill Porter" mentality. This guy is 80 years old and he's running his Watkins business to this very day!!! With everything in the world working against him and then some, he still made a living and paid his bills and has plenty of residual income this is a "commission based business" because he knew that all he had to do was "show people the products" and have perserverence and that's the only thing you really have to have and in network marketing...
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Re: Are we moving away from residual income?

Postby Mario Sanders on Mon Apr 23, 2012 4:12 am

Okay, Joyce. This is my take on your discussion.
When we started out in doing a business, we were hammered in making money. The 'now' income to pay for our 'now' expenses (food, clothing, rent, etc.). Once that is covered, we are able to put some away for later for residual to continue.
Residuals are put on the backburner to reinvest in our business until we obtain a large income to put away for the future. We can't build a residual income before making sure the 'now' necessities are met.
Once your income is secured, we can build on residuals. Starting a business usually starts at part time until it can replace your primary income source. Starting a business takes up a lot of your expenses even before it turns a profit. That would take an even longer time to do since you have put in more time on your job, putting away for the future.
Sometimes it is not about the money, it is what you are doing that you enjoy. Lottery winners are still working because they are doing something that they truly enjoy. Their residual income is secured.
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