5 Things You Must Do To Create A Healthy Residual Income

In the network marketing world, residual income is a big deal

. If I'm going to invest time and money into a business, on top of the up front profits, I want to build a residual income stream that will pay me for my efforts long term.

So what are the key factors in building residual income in a home based business?

You must, and I say MUST be a team builder. If you plan on ignoring those you sign up, then don't plan on getting much of a residual back end. Team building is the key to residual income. The better you can assist your team in building their business, the more income you will make, up front and residual.

Look to recruit Leaders. And when I say leaders, I mean those who are just like you or better. You want to find others who have similar goals to yours, those who are also looking to build a team.

Position yourself in the compensation plan. If the company you have joined has different product levels and qualifications in their compensation plan, make sure you are taking advantage of all it has to offer. Purchase every product and get qualified to earn to most you possibly can. Doing so will also enable you to earn bigger profits in residual income as well.

Consistency. As with any business, you must be consistent to create massive success. Consistency is at the core of success. The one who sprints will often lose his breath and have to stop for a rest. The one who sets a consistent, yet challenging pace, can continue on without resting. So set your pace and stay consistent.

Find the right Business Model. Choosing the right home based business to join is key. Make sure you are choosing the one with the best residual income potential. It's also important that you choose one that you can relate to and enjoy working. If it's personal development you love, then join a company with a product line in that industry. It's important that you love what you do, but it's also important to make sure you can make a great living doing it. And the way to do that is to crunch the numbers.

In conclusion, these five things will help anyone who is willing to take them to heart. Yes, they are simple on paper. That's why most people will just assume they are doing all they can without taking these points to heart. Those who truly integrate these five points into their business, in a few years from now, will be enjoying the fruits of their labors.

by: David Allred

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