Residual income, or income that comes in repeatedly based on work previously done, has changed many lives in network marketing, affiliate marketing, and other ventures that can create residual income. The individuals that build a significant income through residual methods.
In my opinion, the most powerful way anyone can build a residual income is through network marketing. There have been success story after success story of people who have created great lives from less than desirable circumstances.
The first one that comes to mind is the story of my mentor. He was broke, out of work, and struggling just to make ends meet. His house was about to be foreclosed on and he was having to go apply for food stamps just to keep his family fed.
Knowing this was not the life he wanted to live, he made a decision and started working a network marketing company. Within two years he had build a six figure residual income. Excited about his success, he took his family on vacation after vacation, not working the business as hard as he did in the first two years. After he finally came off of vacation, his income had grown by over 50%.
He is an example of a residual income that can grow due to work done at the beginning.
I am also reminded of friend of mine from Oklahoma. He was in college, broke, had no electricity at his place, and his car was repossessed. He latched on to a network marketing company and before he was 25 built a residual income just under the six figure mark.
One of my biggest indirect mentors in the network marketing industry is an example of a person who works hard and builds the type of residual income many others only dream of.
He was in various forms of sales throughout the years and never had amazing success. He started with a network marketing company and decided to work hard. He made himself a success in just under two years. However, he wanted more. He continued to work the business and eventually created a residual income that made him over a million dollars in a year.
There are many other stories of people I have come to know that are living the life of their dreams due to their residual income through network marketing. If you can work hard and believe in your success, you can build a residual income just like they did!