It seems that everywhere you look today there are more businesses going bankrupt, hard working and dependable employees are being made redundant, and employee benefits, bonuses and other perks are rapidly disappearing. With a strong desire to avoid being part of this growing category, as well as to escape the daily humdrum of the rattrap, my wife and I decided that it was time to 鎼榓keup?and start considering other avenues of creating income.
This led to several months of research and reading choice material like 鎻渋ch Dad Poor Dad,?鎻匒SHFLOW Quadrant,?鎻媢ide To Investing?and 鎻焗e Perfect Business??by Robert T. Kiyosaki, 鎻俷ointed For Business?by Ed Silvoso, and many other excellent books, video, audios and more. Then, after more than 6 months of research and prayer we agreed that Network Marketing is without a doubt an excellent business for anyone wanting to build some serious, lucrative income.
By trade I am a Systems Engineer with more than 10 years experience. My wife and I are also investors in Real Estate, gold, silver, oil and other commodities. Plus we are debt free, and by industries standards as far as middle class families goes, we are doing extremely well. So then why, you might ask, would I want to give up a great paying job with benefits, a sweat-less environment, and an opportunity to climb the corporate ladder? The answer?to build multiple streams of income, and to get OUT of the rat race! This is why we have chosen Network Marketing as our future business of investment and opportunity.
How Would YOU Like To Get Paid?
Whatever your career field you are normally receiving money from one of two types of income; Linear and Residual. Linear income is when you work an hour for an hour pay, and you receive no more, but no less, and it gets you nowhere financially in comparison. Residual (often times called Passive or Recurring Income) is where you continue to be paid after the initial effort to generate it has ceased. In other words, you receive an ongoing permanent income for a one off or short period of work.
One of the greatest benefits of generating a Residual Income is that once you have set up one line of income you are free to set up many more, safe in the knowledge that each is ongoing. This is known as "Multiple Streams of Income" and the leverage provided allows individuals to earn considerable amounts within relatively short timescales.
The difference is that you only have to perform a task ONCE and continue to receive income. This is why the amount you earn is dependent upon your time investment. The more things you do once the more income that will continue to come to you.
An Entrepreneurs Choice
Sometimes called Multi-Level Marketing, or MLM for short, there have been lots of comments from well known business entrepreneurs on why they feel Network Marketing, or MLM, is an excellent industry to get into. Billionaire Warren Buffet, after purchasing a Network Marketing company, called it the best investment he'd ever made. Tom Peters, author of 鎻憂 Search of Excellence,?calls it the first truly revolutionary shift in marketing in the last 50 years. When asked on the Tonight Show what he would do if he had to start over again from scratch, Donald Trump stated,
鎻桳M. It is a wonderful combination of being your own boss and being mentored. It has a support system built right in and usually pretty neat products! I was involved with [company] for a while and the people were fabulous, products were great and the system of support was wonderful to have. I hear the same is true for many network marketing direct sales companies! I think MLM companies are great!"
So, with our hopes and expectations high and fueled with new found knowledge of what appears to be a great business opportunity, we began scanning the Internet to discover the perfect Network Marketing business opportunity. What we ran into, however, was almost more than we could chew! The Internet is loaded with all sorts of new and old home-based business opportunities, and not all of them are legitimate. A few we came across weren鎶
This led to several months of research and reading choice material like 鎻渋ch Dad Poor Dad,?鎻匒SHFLOW Quadrant,?鎻媢ide To Investing?and 鎻焗e Perfect Business??by Robert T. Kiyosaki, 鎻俷ointed For Business?by Ed Silvoso, and many other excellent books, video, audios and more. Then, after more than 6 months of research and prayer we agreed that Network Marketing is without a doubt an excellent business for anyone wanting to build some serious, lucrative income.
By trade I am a Systems Engineer with more than 10 years experience. My wife and I are also investors in Real Estate, gold, silver, oil and other commodities. Plus we are debt free, and by industries standards as far as middle class families goes, we are doing extremely well. So then why, you might ask, would I want to give up a great paying job with benefits, a sweat-less environment, and an opportunity to climb the corporate ladder? The answer?to build multiple streams of income, and to get OUT of the rat race! This is why we have chosen Network Marketing as our future business of investment and opportunity.
How Would YOU Like To Get Paid?
Whatever your career field you are normally receiving money from one of two types of income; Linear and Residual. Linear income is when you work an hour for an hour pay, and you receive no more, but no less, and it gets you nowhere financially in comparison. Residual (often times called Passive or Recurring Income) is where you continue to be paid after the initial effort to generate it has ceased. In other words, you receive an ongoing permanent income for a one off or short period of work.
One of the greatest benefits of generating a Residual Income is that once you have set up one line of income you are free to set up many more, safe in the knowledge that each is ongoing. This is known as "Multiple Streams of Income" and the leverage provided allows individuals to earn considerable amounts within relatively short timescales.
The difference is that you only have to perform a task ONCE and continue to receive income. This is why the amount you earn is dependent upon your time investment. The more things you do once the more income that will continue to come to you.
An Entrepreneurs Choice
Sometimes called Multi-Level Marketing, or MLM for short, there have been lots of comments from well known business entrepreneurs on why they feel Network Marketing, or MLM, is an excellent industry to get into. Billionaire Warren Buffet, after purchasing a Network Marketing company, called it the best investment he'd ever made. Tom Peters, author of 鎻憂 Search of Excellence,?calls it the first truly revolutionary shift in marketing in the last 50 years. When asked on the Tonight Show what he would do if he had to start over again from scratch, Donald Trump stated,
鎻桳M. It is a wonderful combination of being your own boss and being mentored. It has a support system built right in and usually pretty neat products! I was involved with [company] for a while and the people were fabulous, products were great and the system of support was wonderful to have. I hear the same is true for many network marketing direct sales companies! I think MLM companies are great!"
So, with our hopes and expectations high and fueled with new found knowledge of what appears to be a great business opportunity, we began scanning the Internet to discover the perfect Network Marketing business opportunity. What we ran into, however, was almost more than we could chew! The Internet is loaded with all sorts of new and old home-based business opportunities, and not all of them are legitimate. A few we came across weren鎶