Thursday, September 25, 2008

Secret Income - What Separates Multi-Millionaires From Everyone Else?

If you're like me your parents were average people who believed there is just one reliable way to earn an honest living: "get educated, get a good job, & build a solid pension." Recent economic events from mass lay-offs to the bail out of Fanny & Freddie Mac have led many average people to say, "This isn't working! Is there another honest way, something I don't know?" The answer is, "Yes, it's the "secret income" of multi-millionaires."

Our parents' way

Before we get into the multi-millionaire income let's take a closer look at the most common one, that is, linear income. Linear income, the kind our parents advocated, is what most average people earn. Anyone with a job has linear income. Let's say you have a job & you work today, do you get paid for that day's work? Of course you do. Now let's say tomorrow you don't work, do you still get paid? No, you don't. That is how linear income works. You get paid only for the time you are actually working.

So a stable hand, a real estate sales person, & a nuclear physicist all get paid the same way. They trade time for dollars. "X" amount of time worked = $X. No time worked = $0.00. Even though the skills for each job are valued differently, once they're off the clock they all stop earning money. No matter the reason -sickness, vacations, lay-offs, all aretreated the same - zero income for zero work. Heck, even if a pension is earned, it's 2/3 of what inflation is constantly making smaller.

The Multi-Millionaire's Income

Now let's look at the second kind of income. This is known as "residual income", "royalty income", or "passive income". Who earns this income? World-class athletes like Michael Jordan, entertainers like Elvis Presley, & publishers like J. K. Rolling who wrote the Harry Potter series.

On the surface, talent aside, it seems there's no difference between Michael Jordan, Elvis, & J. K. Rolling. After all, they all suited up & showed up in their professions. That's true… but they all have one thing in common that separates their income from job holders. They all signed contracts that say they will always get paid a royalty commission anytime a consume buys what they endorsed or produced.

- As long as Nike airs its "Air Jordan" shoes ad on TV that ad earns Michael Jordan a royalty commission.
- As long as people continue to by Elvis songs & radio stations play them Pricilla Presley (Elvis' daughter) will continue to receive royalty checks.
- J. K. Rolling will continue to receive royalty checks as long as people buy Harry Potter books.

Michael Jordan, Elvis Presley, & J. K. Rolling all did their thing right once & continue to get paid. And here's another cool thing about royalty income.Prisilla Presley will receive $25 Million in 2008 for work her father did 30 years ago. That means both Michael & J. K. Rolling can stop working today, still get paid, & then pass those royalties on to their heirs.

OK, so you're not a super-star athlete, singer, or publisher. So what can you do to earn a royalty check? The answer is very simple … just continue to do what you've done since you were 5 years old, but start getting paid to do it.Since you were 5 you've been telling people about foods, music, places, etc. that you like & telling them they ought to try it themselves. In network marketing you use that same sharing skill to recommend to others that they check out a product or service.

Say you recommend Sue try out a network marketing company's product or service. That company will pay you a royalty check each time Sue buys from them. Then when Sue recommends Paul try the products & he buys something, you get a check for that too. Plus, if Sue becomes a rep like you, then you earn royalty income from your purchases, Sue's purchases, & those of her customers & team members. As you can see network marketing royalty checks tend to grow with time.

Can you make a living referring people to products you like?

Well, let's just put it this way, the network marketing industry brings in a cool $100 Billion annually. Part of that royalty income can be yours. All you need is the desire to do the work right once, a simple system, & the proper support. From there all you need to do is decide how big you want your royalty check to be.

We have what you need

I am part of Success Team Builders which is the number one building team in our company. We specialize in developing simple tools & systems anyone can use to build a profitable MLM business. The latest tool is the Freedom Magazine wich walks the reader through the entire presentation process. All you have to do is find other people who are interested in the products & or the business opportunity, recommend they read the Freedom Magazine, & then you too can start earning your own secret income. It's simple, easy to teach others to do, & potentially very lucrative.

I appreciate you,

Bill Tessore

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