Building A Residual Income Base is Your Passport to Financial Stability
NOW HEAR THIS !
Residual Income, often referred to as “Passive Income” should be an essential part of your overall financial gameplan.
Why?
The most fundamental reason (and they will never tell you this in the workplace)… is that it FREES YOU UP from being the only one who brings financial value to you and your family.
What I am talkin’ about here?
A very powerful principle called …. LEVERAGE!
Let’s examine it.
On a job, is there anyone else besides you, that contributes to your paycheck? NO!
But, what if you lock-arms with some associates who share common core values,
and you mutually decide to direct your energies in a project that brings
additional income now your individual efforts are combined with the efforts of others ..
The resultant yield is MUCH Greater than what you could have done on your own.
Here a formula that captures what I’m saying.
Talent (x) effort (x) number of people involved = $ Opportunity Factor
On your job … let’s say that you are very talented …so we give you a 10.
You give maximum effort to the task at hand, whatever your skillset is …
so we count that as a 10.
You are the sole person contributing to delivering your value … so that is a 1.
Talent (10) x Effort (10) x number of people involved (1)
= 100 ($Opportunity Factor)
Gee … Opportunity Factor of “100”.
Hard to get better than that …huh?
Lets take another scenario… where your friend engages in an income generating project.
He’s an average guy, nothing special about his talents in this endeavor …
so we count that as 5.
He’s not the most industrious person but he’s not a slouch either.
He’s “moderately motivated … so we give him his efforts a score of 7.
But over time he gets a few people to join his income building project,
a few each month, over time.
And they also gather the interest of some of there friends, and the little group grows to about 30.
Watch this ….
Talent (5) x efforts (7) x number of people involved (30)
= 1050 ($Opportunity Factor)
so we see that the monthly opportunity factor …
the earning potential … is TEN TIMES the amount!
Which brings us to a famous saying by J.Paul Getty …
The first Billionaire in the United States.
” I would rather have 1 percent of the productivity of 100 men,
than to rely on 100% of my own personal productivity.”
As a result of this mindset, and collaboration with a few motivated people,
like Henry Ford … the industrial era in America was born,
and the United States became a production super-power!
Mindset FIRST … then, organizing people … then Super-Ordinary RESULTS!
Always in that order.
Well if Residual Income is the DOOR to wealth… and,
Relationships are the “KEYS”, that unlock that DOOR…
Then, doesn’t it make a whole lot of sense to spend more of our time nurturing relationships with people who have the same concerns and core values as ours … organizing that energy … and building projects that yield super-ordinary long term residual income for everyone involved?
If You build It … They Will Come
Here’s the cool part … You don’t have to “build it”.
We live in a new era.
The internet has forever changed not only the way we get information, but how information is placed in front of us.
Companies are scrambling for more customers …
They are on the “hustle” because the old ways don’t work.
No more billboard advertising to get your attention.
You and I are too busy texting to watch the car in front of us …let alone a billboard!
No more newspaper and journal advertising budgets.
Newspapers and journals have either consolidated or “closed doors”.
Only a few people are reading them anyway.
There are millions of companies out here that all want and need the same two things for growth.
1 – Loyal customers
2 – Bigger Market share (more customers)
Relationships , Distribution, and Residual Income
Companies are now beginning to offer royalty checks for loyal customers …
No KIDDING!
Smart companies are seeing that it is much easier and cost effective to reward their existing customers for “referring” new customers to them, than to waste money on big advertising budgets … with the “hopes” that it will draw new customers to their offeriings.
The power of “word-of-mouth” referrals is HUGE … and it results in a customer who is loyal, because they’ve been recommended by a friend.
Organize Your People … Master Your Marketplace
If companies are willing to send a referral check for a new customer, and then continue sending a check as a reward for the percentage of “new income” that you have brought, by your recommendation …
The THAT, my friends, spells RESIDUAL INCOME.
Residual Income …Defined
Residual Income occurs when you do an act in the marketplace ONCE ….. (register a new “customer” for a product or service)
And you get a financial reward (paycheck) for every time that person renews that product order or service subscription … month-after-month!
You align a person with a product or service offering …ONCE
You get paid a percentage of the revenues that that customer represents … month-after-month
How Do Your RELATIONSHIPS Fit In ?
Now here is the really cool part.
Companies are now also rewarding RIDICULOUS BONUS MONEY … for people who can organize customers in multiple “territories”.
He (or she) who is able to drive distribution … HOLDS THE CHIPS!
Can you build a TEAM from your crew, your tribe … from city-to-city in this country … and into other countries???
If so, you and your crew, can become part of the fastest growing segment of NEW MILLIONAIRES that the world has ever seen.
Residual Income is the DOOR to wealth..
RELATIONSHIPS are the “KEYS” that unlock that DOOR.
If you can effectively organize YOUR PEOPLE, agree on a company that has either a product line or services that you value, and align YOUR PEOPLE to be the new “loyal customer base” for these companies …. then you can CHANNEL A STREAM OF INCOME TO PEOPLE OF YOUR OWN CHOOSING!
CHANNEL A STREAM OF INCOME TO PEOPLE OF YOUR OWN CHOOSING!!!
This is the objective of Residual Income Millionaires.
To use the common bond in their numerous relationships, tie it to the core values of (1) Economic Stability and (2) Time Freedom, and produce an un-ending reservoir of income … FOR AS MANY PEOPLE AS YOU CARE TO TOUCH !
Organize your crew, start building your own Residual Income Streams,
and Master Your Economics !