Ask just about any multi millionaire today how to create wealth and they will tell you that residual income is a key piece in the equation. Here are some examples of multi-millionaires who have created wealth through residual (or royalty) income -
· JK Rowling, author of the Harry Potter Book Series
· Michael Jordan, basketball star and Nike Sporting good contracts
· Elvis Presley, who's estate now earns more than it did while he was living
So, looking at the above stories, does this seem like something that might happen for you? Have any best-selling books up your sleeve; or a recording contract on the horizon? No? I didn't think so. Most of us don't. So, how does residual income happen for the rest of us?
Network Marketing is the answer for millions of people around the globe. In fact, currently over 67 million people are involved in Network Marketing. Some work it very part time and generate some extra spending money. And some take it a step further, and have replaced full time incomes and are now living the lifestyle of their dreams.
What would you like to create?
So, what is Network Marketing?
Some call it the business of the 21st industry, many call it the recession proof industry. Did you know Billionaire investor Warren Buffett calls it simply "the best business investment I ever made."
It is defined as a distribution channel that moves products to the end consumer without paying big advertising agencies. Instead, Network Marketing companies use word of mouth advertising. And, Word of Mouth advertising is known as the strongest form of advertising there is.
Think about how often you are bombarded by messages, print, billboards, TV, trying to sell you on something. Wouldn't you rather have the personal recommendations of friends and family instead? Nothing sells better than a friend's recommendation.
So, network marketing companies figured it out and instead of paying billions to advertising agencies, companies are paying individuals for recommendations.
That's where you come in.
You just need to find a company, product and team to coach you who are proven in the marketplace. And, make sure you do careful research so you choose the right fit for you. Don't get caught up in a bunch of hype and empty promises.
Skeptical?
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