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[Cynthia and James Johnson Contribution Level: 1]

If someone was to ask you how many people it took in your down line
to acheive 10k a month residual income what do you tell them?

The next question I would like to know is how much money a month is
it going to take me to acheive that 10k a month income?

Now I know that every company has a different pay plan and I am just
curious to see what the normal time frame is to acheive this goal.

I was approached by a company and want to find out if it a good deal
or not so input would be greatly appreciated.

[Steve Rodgers Contribution Level: 3]

You would need to take into account what your commission percentage on sales are and then factor in which level of management you would be at (for override purposes) to come up with your $10,000 answer.

As far as when somebody asks you how many sales and distributors they would need to be at 10K a month, be honest with them. If and when you are there, take a snapshot of your sales organization, so that you can explain exactly where you were at to reach 10k a month and how long it took you to get there.

A good prospect will understand and decide for themselves if that is a reasonable amount of volume and whether or not the time frame is appropriate for them. If it is a reasonable amount of volume, then it's really up to them how fast they think they can do it. How hard will they work?

-Steve

[Cynthia Acoff Contribution Level: 4]

This is a good question, however, it would obviously be a different answer with each business. It would depend on their commission percentage, downline building, etc.
I think it's a good idea to determine this for your individual business, then set a goal to reach it within a certain amount of time, gives incentive to the person.

[Steve Wylie Contribution Level: 2]

HEYA ..Hope this little note finds all well with you love birds, and that your having an awesome day. What's with the 10k number is this the amount they have set as a financial goal? Your never going to consistently stay at that amount anyways, once you reach that level your income will continue to rise.

Your questions regarding to the amount of people and the time factor is a tough one to answer. Simply because of the mess the economy is in, people are watching their spending very carefully. Also there is a lot of confusion and stress in people lives right now, so it is hard to make any predictions as to a time factor. It is safe to assume that you are going to need hundreds of people to achieve the type of volume required, depending on who buys what etc.

The comp plan is critical to getting to your 10k financial goal, so make sure that it is a dandy especially in these trubulent times. My comp plan to give you a comparative idea is based on national coop marketing and as a member I get 100% of the profits that are made.Anyone that signs up through the coop is put in a members downline . The plan is a binary with two legs that pay 12% on both legs to infinite. So if you look at this plan compared to a regular binary you will get to your goal twice as fast.


Hopefully this little bit of info will be helpful in making a sound decision...CHEERS

[Cynthia and James Johnson Contribution Level: 1]

Thanks for your input guys. I know the 10 K question has come up several time that is the amount of money I would have to have to replace my curent income. I know that there is a lot of varibles in this type of decsion. That is why I am asking the ones that have been in this business for longer than me.

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

It really helps when the company you are affiliated with publishes their stats. Before I joined my current company, I checked out an independent audit showing the average affiliate makes $5000 a month within 11 months with some doing it within 6 months. Were those stats accurate? For me they were and it makes it very easy to share that info with others.
Very, very few companies publish that type of data preferring instead to let people think they can make $10,000 a month if they just keep on keeping on.
Joyce Penner
www.joycepenner.com

[Cheri Merz Contribution Level: 2]

Did the person who approached you actually say you can make 10k a month? That's a very odd way to put it, unless that's some kind of upper limit. Or unless they are trying to say that's what the average marketer makes residually, which in my opinion would be very unlikely. In most companies, average marketers don't make anywhere near that.

On the other hand, in my company, one average sale carries a $10k commission, actually closer to $11k. But, as you so correctly pointed out in a PM to me, that isn't residual. You'd have to make one of those sales every month to count on a steady income like that. Or be moderately good at developing your customers into certified marketers so that their training sales generated it. How long to get there? As little as 1 month and as much as never. Depends on whether you do any work, like any other company.

How about this: 12 houses with average positive cash flow of $1000/month each (and assuming that 2 are always empty, just to be conservative)--that's likely to be $10k residual. If you knew what you were doing, you could accomplish that in six months to a year. If rents are low in your market, it might take more houses...just work out the math.

Just goes to show, there's more than one way to the goal. We like to say, massive and passive income. One may want to have both.

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

How about this: 12 houses with average positive cash flow of $1000/month each (and assuming that 2 are always empty, just to be conservative)--that's likely to be $10k residual. If you knew what you were doing, you could accomplish that in six months to a year. If rents are low in your market, it might take more houses...just work out the math. Cheri

One of my front line builders in my MLM opp. is just getting into this. She is having a ball learning and is excited. I couldn't be happier for her. She plans to get on her Harley, bring her lap top so she can keep building her MLM opp and tour from one real estate deal to another. I think it's a cool idea and am supporting her 100%.
Thanks for sharing this. Life is about having fun and enjoying what you are doing !
To your success,
Joyce Penner