The Quest for Passive Income
Passive Income, residuals, royalties three ways to get paid multiple times for a one-time effort. You write a song in 1970 it gets covered by many artists. Each artist sells many albums or radio stations play your tune and Presto! you get a royalty check in the mail, even decades after you first published the song. Here's another example:
The Best-selling author, Robert Ludlum was an extremely popular spy-thriller writer. Espionage based fiction was at its peak during the Cold War Years prior to the collapse of the Soviet Union and the Berlin Wall. Two of his titles, The Bourne Identity and The Bourne Supremacy were written in the mid-seventies, roughly thirty years ago.
Both books became recent smash hits starring Matt Damon. Mr Ludlum gets royalties from the box office,VHS and DVD and (I am assuming) merchandise sales from these films. Not only that, the movies have stirred up an interest in all of his books. They have been re-printed and released again to the book-buying public. All of this from two books he wrote 3 decades ago! Can you say Ka-ching!
That is the power of residual income. I intend to write a bestseller one day. It has always been a dream of mine. My Father was a writer and I come from a family of devoted readers. I have a passion for books and that is what impels me to write. The idea of royalties is just icing on the cake. But such enticing icing!
Building a passive income is also one of the main reasons people get involved in Network marketing. You can build a Network that continues to grow even after you have retired from the business. Take a month off -check's in the mail. Take a year off to backpack through India - there's a check coming in every month you are away. Try to do that with your job. Or harder still: Try and leave your employees to man the helm for a year and see what happens. Maybe, not so good.
There has been a lot of talk lately that MLMers are only interested in feathering their own nests. That their primary interest is sponsoring new distributors and not promoting products. To make a decent income you have to build your down-line. To create a passive stream of income you have to build a network.
I don't know how wide spread this is but I do know that Tahitian Noni International is approaching $4 Billion in product sales ( if my stats are current ) and there is a bottle of Tahitian Noni Juice sold every 1.2 seconds somewhere in the world. I also know that there are many TNI distributors building massive down-lines. TNI is expanding into brand new markets every year and that allows you to take part in many ground-floor opportunities. The Juice is on the move.
So, it seems to me it is not an either/or situation. You need to promote the products in order to promote the opportunity. The sales figures speak for themselves: a 20% increase over last quarter.
I can't speak for the rest of the industry but if you are looking for a chance to build a residual and income and wish to represent a briskly selling product then I suggest you look into the Tahitian Noni International opportunity. Click on the link below and explore the Home page. Your dreams may be closer than you think.
- David Parton
Helping others and myself improve their income and boost their health and energy levels with Tahitian Noni Juice.
3 Big Networking Mistakes and How to Avoid Them According to Experts Thrive Global
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Networking to a New Life
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Are You in the Relationship Business?
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Create a 10 Second Introduction From Your USP
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Follow-Up with Your Contacts
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Five Best Ways To Build A Network
I have been working from home on the internet for over 3 years now. 18 months of that was spent trying out various different programs trying to find things that would work for me and this done nothing more than cost me thousands of dollars and also caused me to neglect my family friends and my health, as a result I then took a break from internet marketing and got my life in order.
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Talk Isnt Cheap
The most successful organizations have good communication skills. Survey after survey bears this out.
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Savvy Networking: Grow Your Business and Your Career
Did you know that contacts are the bread of career life? In times of change, information and relationships are a source of power. Savvy networking will help you to tap into this power to grow your business and your career.
Hey, Whos the New Guy? How to Make Guests and First Timers Feel Welcome
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Social Networking: A Link To Like Minds
Not all dot-com dreams died when the Internet stock bubble burst.Amazon.
Success Sentences to Help Combat Conversational Crappiness
Essential to your success as an effective, engaging communicator is learning not only what to say, but what not to say. The following guide examines several sentences, phrases and questions that stand in your way of connecting and communicating with confidence.
Build Your Business through Strategic Networking
Networking - it's the latest business trend. Or is it?Actually, business owners have always engaged in the art and science of networking.
Unforgettable First Impressions Part 2: Its All About Them!
Jean de la Bruyere said, "The great gift of conversation lies less in displaying it ourselves than in drawing it out of others. He who leaves your company pleased with himself and his own cleverness is perfectly well pleased with you.
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