This is the ability to get paid over and over for the work that you do one time. This is also called "royalty pay". An example of this is if you were to write or record a popular song, each time that song played on the radio, or a CD was sold, you would receive a commission, or royalty payment. Musicians, authors, and insurance sales people are a few professions that do earn a residual income.
Residual income in network marketing is income you continue to earn based on efforts you put forth initially. This income is based on the sale of products and services. And...these products must continue to generate repeat sales.
Repeat sales is a key component. This is one reason why "consumable" products are the most effective in Network Marketing. Consumable products are those items that are bought, used up, and then replaced, over and over again.
If you are marketing a product that is a one time purchase (like solar panels or encyclopedias), you will have a much harder time generating residual income.
Residual income is desirable in Network Marketing, because this is what allows you to put forth a lot of effort in the beginning, and reap the rewards of that for months and years to come.
By building an organization of people working toward a common goal, you can ensure a strong residual pay-out that will last for years. This is why it is important that you understand this pay advantage, and invest your effort, energy, and time in other people.
Earning residual income requires a few things:
First, that you take action to get momentum going in your organization.
Second, yo continue building on that momentum, and teach others to do the same.
Third, you learn and develop leadership skills that will provide the foundation that supports your entire organization.
How many other people do you know who might want to also earn an income with this amazing product and be their own boss?
When you build a business organization by sponsoring others into the program you can earn 5-10% of the commissionable sales volume of all the Team Partners in your organization. The compensation plan can be viewed here.
So, we've just about covered it all. The next step is for you to get started, or have a phone conversation with me.
For more information regarding this Home Candle Business, be sure to send your request by completing the information found here: Home Business Opportunity.
Donna Rose, MS, RN
4308 Pleasant Hollow Rd
Jackson, WI 53037
Phone: 414-534-0451
Email: Donna@You2CanSucceed.com
