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.
Networking to a New Life
Research shows that talking to strangers -- not people in your comfort zone -- is the single most powerful key to a creative career and business move. Yet many people resist.
Online Business Networking: How Personal is Too Personal?
Online networking has opened up some fantastic business opportunities for solo entrepreneurs. You can open an account with one of the major online business networks such as Ryze, and get to know industrious and inspiring minds from all corners of the world.
Are You in the Relationship Business?
Are you in the relationship business? Of course you are. Everyone who has to work with, deal with, sell to, convince, is! Unless you're on a deserted island, you must connect with, interact, and influence people every single day.
Is The Company You Keep Hurting Your Business?
When you look at your friends, it's like looking into a mirror. Take the sum of characteristics of the five people you spend most of your time with and you will be the average of that sum.
Sharpen Your Business Networking Skill To Grow Your Small Business
Most people become lax at maintaining their professional business network when they've worked with a company a while. With the constant rounds of mass layoffs, having a dead or outdated business network can mean business suicide to even the most skilled expert.
Communication Is A 2-Way Street (The Networking Factor)
The Personal Touch 1There is a simple art to networking and the good news is, should you choose to put forth a conscience effort to improve the way you communicate, networking can and will become second nature to you, it is really just that simple. A personal touch big or small makes a big difference in how others perceive you professionally and personally as well.
Create a 10 Second Introduction From Your USP
You can generate a ton of business by networking, whether you belong to a networking organization or just get referrals from existing (satisfied) customers. Whenever you meet a new potential client, it's important to create the right impression about you and your business straight away.
Follow-Up with Your Contacts
What happens when you meet a potential client at an event and you do not follow up?So now the event is over and you have collected a number of business cards, taken notes on the best prospects, divided the cards into Y(es), N(o), and M(aybe), now what? It is time to follow up. The best follow-up is immediate - they will remember you best if you go home that night and enter their information into your database and send a personal email or hand-written note.
The Answer to Your Worst Networking Nightmare
Imagine you just met your ideal client at a networking event. He's friendly, has great ideas and could use a valuable person like you to help grow his business.
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.
How to Make the Most of Those First 30 Seconds
Did you just meet the most important person in your career/business? Tongue tied and not sure what to do about it? With advance planning and creative thinking you can be confident you will know how to handle this situation should the opportunity present itself.We all have had the juncture when we run into someone that we have really wanted to meet.
Talk Isnt Cheap
The most successful organizations have good communication skills. Survey after survey bears this out.
Land the Ideal Job Using Social Networks
With at least 60% of job-seekers finding employment through networking, it's no wonder that people are turning to their colleagues and acquaintances for advice and help in finding employment. The old adage, "It's not what you know, but who you know" rings true when it comes to sources of labor in today's economy.
Increasing the ROI on Your Networking
Networking requires an investment of time, money and effort. Here are four ways to be sure your return on that investment is worthwhile.
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
The New Guy is a person we all know. And regardless of age, gender, race or personality - spotting The New Guy and stepping onto their front porch is your duty as an existing member of any organization.
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.
|home | site map|