What is a Passive Income Stream

What is a passive income stream and what does it mean to you? Well a passive income stream is when you provide something once and then reap the rewards in the form of an income from that product for an extended period of time. Ideally it would provide you an income for the rest of your life. If you get the right one it can also give you a top up to your pension in later life. Very often they are businesses that you can carry on with when you retire as well. Unlike the normal day job where once you reach retirement you are put out to pasture!

• You work for someone else, in a traditional job such as a bank. You have to go in every day to get paid.
  
• You sell a product that you have produced and make some money, but you have to sell another to make more money.
  
• A sales person that sells a one off product, for example windows. They have to go out and sell windows every day to get paid.
  
• Many alleged Multilevel Marketing schemes where you have to keep selling the same items to the same customers

As you can see all of these require you to keep working or keep selling in the same loop.

• A singer that produces a song, once recorded they earn royalties every time someone plays it or buys it. They don't sell it themselves.
  
• Money in a savings account or other investment. The interest accrues over a period of time. Well hopefully anyway.
  
• An author produces a book and earns an income every time someone buys it.
  
• An ebook you create and place online. Make it automatically mailed to the purchaser and you should never have to touch it.
  
• A business owner that reaches the point where they can employ someone to manage it for them. Most entrepreneurs have multiple businesses, but they don't run them all personally themselves.
  
• A salesman, who sells a reoccurring product, for example car insurance. They would earn commission every time that person renews the insurance.
  
• A network marketer that sells a product and gets paid a commission every time the buyer reorders the product.

Network marketing or Multi Level Marketing is in my opinion one of the more powerful forms of a passive income stream. Once you start to build your team, then you start to earn from all their sales as well as your own. And despite people's suspicion of Multi Level Marketing, this is the way that most businesses operate. They employ people to sell their products and the owners receive a commission, or profit from every sale. The only difference is the sales person has no opportunity to build their own business. A truly passive income stream also continues long after you give up work. So once you retire, whatever you worked on in your employment continues to pay you a salary. Sadly most of our pensions will not always live up to this expectation.

The easiest way is to join a Multi-level Marketing or Network Marketing company.

One of the hottest of these on the market today is The Utility Warehouse Discount Club, also known as Telecom Plus.

Some of the advantages of this company are

• UK Stock Market listed company.
  
• Commission down to every level of people you recruit. Some companies only pay two or three levels down.
  
• Some of the easiest products to sell in the market, utilites guaranteed cheaper than Britich Gas, BT and the major energy suppliers.
  
• Unlimited training and support.
  
• Consitently voted top by consumers for value and customer service

So far a modest investment of £200 you could start your own business and build your own Passive Income Stream for the future.

If you would like to know more please call me on 0800 954 5246

Or you can view the Utility Warehouse Video

What do you have to lose? Start working for your future now and not somebody elses.

Utility Warehouse recently announced the following for their customers.

Bring a friend to the Club and earn a discount off your bill! All your friends have to do is call 0800 1313000, or sign up online, quoting your membership number. Then you'll get a discount on your bill, every month. The discount is 0.5% for each service they take, so if they sign up for two services, we'll take 1% off. If they do the sensible thing and sign up for electricity, gas, home phone and broadband (that's BroadCall) - they save lots and you save 2% every month! Ten friends like that and your bill's reduced by 20%, every month! Spread the word!

Now if all your customers started doing that, you would never have to recruit another customer and that truly is a passive income. Imagine the potential for growth?

We now have a new website which offers further information on the Utility Warehouse which you can find at How to save on your bills.

Utility Warehouse recently introduced another unique twist to their business. If you apply for one of their cashback cards you can get a 5% discount on all shopping and fuel at sainsbury's. The discount is applied as a refund on your utility bills. You can still use your Nectar card to get points and it applies even to sale items.

The card acts like a mastercard and you have to pre load the card with money, which there is a small charge for. But with the average family shopping bill now running at around £100 per week, that could be a whopping £260 per year off your utility bills. Start using it for all your fuel and you can see how the savings can mount up.

Utility Warehouse are one of the network marketing companies that offer a company car to those distributors that reach certain customer levels. Now you might think that you have to get a ridiculously high number of customers to qualify, but in fact all you need is 75 customers. Once you reach that number of customers then you can get a brand new BMW mini. The mini being a company car is of course branded with the companies logo and information, but it does have your telephone number all over it and makes a great talking point and selling tool. When people see the mini and ask what you do, you can reply "I have a small part time thing going"