Residual Income Streams

54% Of Us Will Be Dead Broke
36% will be dead
5% will still be working
4% will be well-to-do with a net worth of between 1 and 2 million, and
1% will be wealthy, worth over 10 million and no debt.
Out of that 1%, 74% are business owners.

Being an entrepreneur is a tough business to be in. It's easy to sit back and show up for a J-O-B everyday and let someone else worry about bringing in the clients. But we all know what JOB stands for...Just Over Broke. How do you know when you're going to get fired? There are no guarantees.

What do you want out of life?

Time freedom.

Financial stability.

Aren't these your goals? What are you willing to sacrifice to achieve your goals?

Most of us will never reach these goals doing what we're doing and need to find another means of income. 79 million people in the United States alone will start their own business in the next 3 - 5 years, most likely in a network marketing, or mlm, company.

The only way to create massive income in this industry is through leverage. Leveraging off other people equals residual income. Residual income equals financial stability. Financial stability equals time freedom.

Trump says the #1 Way To Get Rich Is To Own Your Own Business.

In Success Magazine Trump and Kiyosaki talk about owning your own home business and how for a relatively small investment you can carve out your own piece of the American Dream. "Becoming a Part Time Millionaire"

If you don't subscribe to Success magazine and want to be in the know,
Go to... http://www.successmagazine.com/

I've been around the network marketing industry for over 20 years. Most people get into working their own business from home to generate $500 - $1,000 extra per month in income. Think how many bills that pays. The average Social Security check right now is just about $1,000/month, so that would double their income. That's life changing money, whether you want to believe it or not.

It's not the amount of money you're making on each customer, it's the amount of customers you have to generate that income working off the leverage of others. It's the Power of "1"

For example: 3x3x3x3x3=243 25% increase (assuming 10 customers each = 2,430 customers)

4x4x4x4x4=1024 400% increase (assuming 10 customers each = 10,240 customers)

97% of society let events shape their lives. It's exceptional people who are able to change their perception of challenging events and overcome them. Challenge yourself by stepping outside of your comfort zone. Go out on a limb, that's where all the fruit is.

Excerpts from some of my favorite authors on being a successful entrepreneur and running a successful business:

Jim Collins - Three thoughts: Disciplined people, disciplined thought, disciplined actions. When you have disciplined people you don't need hierarchy. Get the right people in your organization. You must maintain unwavering faith that you can and will prevail in the end, regardless of the difficulties, AND at the same time have the discipline to confront the most brutal facts of your current reality, whatever they might be. The good-to-great transformations never happen in one fell swoop. There was no single defining action...no miracle moment. Rather it was relentless pushing...in one direction...building momentum until a point of breakthrough. Leave yourself one option...succeed or die. Succeed by taking one simple concept and just doing it with excellence and imagination. Be the best in the world at it.

John Maxwell - The most important ingredient of Leadership: Integrity. Integrity is not what we do as much as who we are. Image is what people think we are. Integrity is what we really are. You will only become what you are becoming right now.

He talks about solving problems: Focus on helping people solve problems rather than helping solve people's problems. Ask questions, become a coach, list solutions on paper, ask them to decide on the best solution to their problem, develop a game plan, ask them to take ownership and responsibility for the game plan.

Good leaders have the right attitude. Our attitudes are our most important assets. In 1983 there was a report stating that 94% of all Fortune 500 executives attributed their success more to attitude than to any other basic ingredient. Beliefs can influence attitudes.

The pessimist complains about the wind.

The optimist expects it to change.

The leader adjusts the sails.

Develop your most appreciable asset: people. People tend to become what the most important people in their lives think they will become. People do not care how much you know until they know how much you care. People do what people see. The person who knows how will always have a job; but the person who knows why will always be the boss.

Jeffrey Gitomer - People don't like to be sold, but they love to buy. If they like you, and they believe you, and they trust you, and they have confidence in you...then they MAY buy from you.

When you try to "sell" your product to a new prospect, these are some of the hurdles you may need to overcome:

Price objections; You have to send bids or proposals; They claim to be satisfied with their present supplier; No one will return your call; You are complaining that the economy is slow.

Why customers buy: I like my sales rep; I understand what I am buying; I perceive a difference in the person and the company that I am buying from; I perceive a value in the product that I am purchasing; I believe my sales rep; I have confidence in my sales rep; I trust my sales rep; I am comfortable with my sales rep; I feel that there is a fit of my needs and their product or service; The price seems fair, but it's not necessarily the lowest; I perceive this product will increase my productivity; I perceive this product will increase my profit; I perceive that my salesperson is trying to help me build my business in order to earn his. My salesperson is a valuable resource to me.

If you make a sale you can earn a commission. If you make a friend, you can earn a fortune.