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[Joyce Penner Company: Life Force International Contribution Level: 8]

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.

Hi Mario. I can see where you are confused about the topic. What I am referring to with "residual" income is the effect of building a large team, buying your products where you are compensated for those sales. Ongoing income which builds as your team builds and moves more products.

If I read your comment above I think you are referring more to investing any money after the "now" expenses are covered.

Two totally different things.
Joyce

[Mario Sanders Company: Life Force International Contribution Level: 6]

Thanks Joyce for enlightening me.
Residual income does takes time to build.
I will consider joining your team.

[Sheldon Adelson Contribution Level: 1]

Residual income is never adequate. Any person must plan years before his/her retirement about the residual income. Because clearing the dept and living a life of luxury after retirement is not every man's piece of cake.
That is when you need to move in to words the retirement communities. Where there is comfort in affordable prizes..!!

[Neil Clues Company: Utility Warehouse Discount Club Contribution Level: 2]

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

Hi Joyce

There are a lot of successful marketers out there who are making it big time with mlm. But then there are the newbies who just want to keep it simple by promoting affiliate products without the hassle of building teams, following up and helping to coach others etc.

But having said that, people can in theory create residual incomes with repeat affiliate sales from their blogs/sites on the first page of google which is what I am doing right now. If marketers get enough 1st page rankings, they can still live great lifestyles.

At the moment I'm doing both mlm and affiliate marketing for the extra revenue and because it's fun

Neil

[Adam Taha Contribution Level: 8]

Hi Joyce

You always ask great questions Joyce. I love topics you bring up. Awesome! Great replies too. Loving the passion I'm seeing here. Man, we got an awesome community here, haven't we Joyce.

On your question....

The answer is no. We are not moving away from residual income. In fact, this message of residual plays a big factor when sponsoring people but I don't say..

"Do you want residual income."

Instead, it's sitting down, finding out the need of that personal, and speaking in a language of THEIR brain. They may see residual income as...

"Having a business that pays for my rent! Yes!"
"I can go on more holidays if I build a team and we, together break sales records, as a team! Yes!"
"I can have more time with my children, wife or husband."

I've been in Amway for a while now Joyce. I'm glad I have too because the respect I get now, from even people who said no, or who laughed, who mocked, who didn't turn up AND those who were in and left, is big.

It's big because I saw the big picture.

I knew, technology, would help to develop a...team, to train them faster, better to help them generate sales no matter if they are beginner or advanced.

So no.

Residual income has not changed.

Nothing has changed.

Sure technology has come.

Sure there are lots of systems.

Sure, there are other opportunities.

But...nothing...has changed. The brain is the same as it was way back in caveman and woman days.

The need to SURVIVE and WIN.

The problem is, people join Network Marketing and get HAMMERED in Amway, in other companies and it has nothing to do with these companies.

I got hammered to at first.

Why?

Well, you see back then why you were broke. You see why you attract worse kind in life. You see why you were where you were. You see the TRUTH.

Lack of true communication skills.
Lack of social and people skills.
Lack of mindset on comittment, perserverance and a whole lot of habits to sort out.
Lack of sales skill.
Lack of marketing skills.

All these were perception most thought they HAD such skills.

They had sod all. They had nothing. They were hammered in Amway, in Network Marketing industry because through ALL our lives we were selfish.

We only thought of ourselves. We cared ONLY of ourselfs and our unit family.

But when the person stepped into Network Marketing....they saw...something.

Some were brave enough to see it through and think, "Yeah, that's me. Damn! I need to change. No wonder I have had hard time in life."

Others saw themselves and what it is going to...take to change and thought..

"Forget that. I'll try another opportunity."

And I won't be surprised, they have moved into 10 different ventures until they realised, it isn't about company, product or time. They have to pick up the lesson they wouldn't way back and learn them.

It was Joyce, one of the most painful times for me back then. All team left.

All gave BS excuses back then. Even uplines who left.

But you know what?

I thnk God I believed enough in myself and what I'm doing to stay in and see for what it is. That the problem isn't the change out there we think is happening.

The problem was myself.

So I hammered it Joyce.

I locked myself and hammered it and everyday.

Took me years to learn what I know now. Years and I feel AWESOME! I feel great! It's freedom for real! I'm talking about feeling awesome due to the knowledge, real sales skills and marketing...and understanding what IS NETWORK MARKETING!

No, residual income hasn't gone away. It's BIG. It's MASSIVE!

Adam Taha

[Stephen Meyer Company: Organo Gold, Inc. Contribution Level: 3]

Is residual income going away, No. There is a difference in affiliate marketing and MLM yet they can work together seemlessly as is evident by many of the top earners in Network Marketing. Actually everyone of the popular top earners use affiliate marketing as a source for additional income. Many in fact have gone on to creating their own products and allow their team, and others, to sell the product as an affiliate so they to can earn an additional income. In fact Eric Worre, Ray Higdon, Todd Falcone and many others do exactly that.


Magnetic Sponsoring, Building On A Budget, MLSP, (my) Coffee Millionaire program and others are wonderful affiliate programs. They support a persons MLM program by either teaching how to be an effective networker, helping in lead generation, or both. What is most important is these programs do not take away from the main objective of building your MlM business and residual income. Instead they assist in building your team while providing an additional income. What could be better.

Because I've not seen a successful Network Marketer who doesn't either sell their own product and/or sell affiliate products it only makes sense to do so.