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Is Network Marketing Residual Income a Myth?

The word network marketing has a great impact than any other business terms in the market today. The impact, however, can either be good or bad.

For those who gained negative experiences from network marketing, the very first idea that comes to their mind whenever they hear the word is “scam.” This is for those who find it a fraudulent activity; something that other people uses in order to gain money from them without even returning something good in return.

But for those who earned a hefty amount of advantages, network marketing is a new way of earning a living. They see it as an invigorating change from the typical way of marketing, wherein they can earn more without even doing more.

We know it better as residual income. And this is where network marketing aficionados contend that they alleviate people’s lives more than anything else.

But the question is, especially for those who cannot grasp yet the meaning and the process of gaining residual income; does network marketing provide residual income? Is it really true or just some fancy advertising strategies so as to attract people to join their marketing scheme?

To answer that, let us first define what residual income means.

In simple terms, residual income refers to the continuous payment or compensation that you get even if you stopped working. That is on a monthly basis. For example, once you entered and joined network marketing, the company or the organization will give you a portion of the profits every time the customer you have referred to them buys a monthly quantity of their product. This means that even if you are not selling anymore or even recruiting somebody into the company, you still get to earn some money.

Sounds too good to be true? Guess again.

Most network marketing companies contend that residual income is, indeed, downright achievable based on the premise that what their member earns is just the benefits he or she gets from providing the company a greater source of income that is, referring some customers. And the residual income that they get is the compensation they get from their downline.

Moreover, most network marketing people insist that when you enter into a network marketing scheme, the very premise that you get paid is because you also help other people grow their business that is why you get the profit from whatever income your referrals achieve.

If this is the case, then why the fuss about this matter? What is wrong with getting a residual income?

Actually, there is nothing wrong about it. If you earn, then, that is good for you. But the fact that network marketing asserts a continuous flow of compensation even if you don’t do anything is illogical in the sense that everything you earn in this world has its price. You sow what you reap.

Consequently, in order to enlighten those who wish to know if the residual income in network marketing is true or not, here are some facts that you must know first:

1. A business is a risk.

This means that nobody can be sure that their business will grow or not. Therefore, any company existing today may not be so twenty years after.

If you are to look into the reality, you can clearly see that there were companies that were previously strong and seem to be in perfect business but have already closed down.

2. Everything is a fashion.

Since most network marketing, or any company for that matter, involves a certain product, we can always say that what may seem fashionable today may not be acceptable in a month’s time. Most products that exist today are sometimes in demand because of their newness. But after sometime, the trend dies down and the product is left behind.

3. The concept of “attrition”

Let’s face it. Nothing is, indeed, permanent in this world. People come and people go. When your customers have finally decided that they no longer want your product because they are not satisfied anymore, they would go and leave your services. That is what attrition is all about. It is how your wages deteriorates due to the drop off scale of your client base.

So, now to answer the question whether the residual income most network marketing asserts is true or not – it depends. Like any business or venture, we should always bear in mind that it is not permanent.

The bottom line is that whether a person gets a residual income or not, the best thing to do while still earning money is to save for the future. Never depend on it as if it is a bottomless pit where money comes incessantly.

Daegan Smith is the leader of the fastest growing team of successful home business entrepreneurs on the net. Find out how we're creating financial freedom all across the globe and how to get in on the action FREE =>

Is Network Marketing Residual Income a Myth?

The word network marketing has a great impact than any other business terms in the market today. The impact, however, can either be good or bad.

For those who gained negative experiences from network marketing, the very first idea that comes to their mind whenever they hear the word is “scam.” This is for those who find it a fraudulent activity; something that other people uses in order to gain money from them without even returning something good in return.

But for those who earned a hefty amount of advantages, network marketing is a new way of earning a living. They see it as an invigorating change from the typical way of marketing, wherein they can earn more without even doing more.

We know it better as residual income. And this is where network marketing aficionados contend that they alleviate people’s lives more than anything else.

But the question is, especially for those who cannot grasp yet the meaning and the process of gaining residual income; does network marketing provide residual income? Is it really true or just some fancy advertising strategies so as to attract people to join their marketing scheme?

To answer that, let us first define what residual income means.

In simple terms, residual income refers to the continuous payment or compensation that you get even if you stopped working. That is on a monthly basis. For example, once you entered and joined network marketing, the company or the organization will give you a portion of the profits every time the customer you have referred to them buys a monthly quantity of their product. This means that even if you are not selling anymore or even recruiting somebody into the company, you still get to earn some money.

Sounds too good to be true? Guess again.

Most network marketing companies contend that residual income is, indeed, downright achievable based on the premise that what their member earns is just the benefits he or she gets from providing the company a greater source of income that is, referring some customers. And the residual income that they get is the compensation they get from their downline.

Moreover, most network marketing people insist that when you enter into a network marketing scheme, the very premise that you get paid is because you also help other people grow their business that is why you get the profit from whatever income your referrals achieve.

If this is the case, then why the fuss about this matter? What is wrong with getting a residual income?

Actually, there is nothing wrong about it. If you earn, then, that is good for you. But the fact that network marketing asserts a continuous flow of compensation even if you don’t do anything is illogical in the sense that everything you earn in this world has its price. You sow what you reap.

Consequently, in order to enlighten those who wish to know if the residual income in network marketing is true or not, here are some facts that you must know first:

1. A business is a risk.

This means that nobody can be sure that their business will grow or not. Therefore, any company existing today may not be so twenty years after.

If you are to look into the reality, you can clearly see that there were companies that were previously strong and seem to be in perfect business but have already closed down.

2. Everything is a fashion.

Since most network marketing, or any company for that matter, involves a certain product, we can always say that what may seem fashionable today may not be acceptable in a month’s time. Most products that exist today are sometimes in demand because of their newness. But after sometime, the trend dies down and the product is left behind.

3. The concept of “attrition”

Let’s face it. Nothing is, indeed, permanent in this world. People come and people go. When your customers have finally decided that they no longer want your product because they are not satisfied anymore, they would go and leave your services. That is what attrition is all about. It is how your wages deteriorates due to the drop off scale of your client base.

So, now to answer the question whether the residual income most network marketing asserts is true or not – it depends. Like any business or venture, we should always bear in mind that it is not permanent.

The bottom line is that whether a person gets a residual income or not, the best thing to do while still earning money is to save for the future. Never depend on it as if it is a bottomless pit where money comes incessantly.

Daegan Smith is the leader of the fastest growing team of successful home business entrepreneurs on the net. Find out how we're creating financial freedom all across the globe and how to get in on the action FREE =>

Please Sit In Your Thinking Chair..?

To me, the beauty of Network Marketing is that an upline has financial interest in you. They make money when you make money.

Somewhere along the line it became OK, for an upline to charge money for training their downline. I really want you to think about this.

If an upline makes money when a downline makes money, is it logical for the upline to charge the downline money to teach them how to make money?

Think.

Network Marketing Tip of the Day:

If your Network Marketing company does not provide you with a free training program, find a new company.

How Much Can You Make With MLM?

Network Marketing is simply another way to move goods from the producer to the consumer. Pro-MLMers and Anti-MLMers alike are guilty of complicating this.

The amount of money you make in Network Marketing (scams not included) will depend only on the amount of goods you transfer from the producer to the consumer, either through direct retail sales or sales through your network.

Want to know how much money you will make in Network Marketing? Use this handy chart below.

- Move a lot of goods - Make a lot of money
- Move a little bit of goods - Make a little bit of money
- Move no goods - Make no money

Network Marketing Scams - Truth On MLM...

Here is a fact: Scam’s exist in Network Marketing.

Here is another fact: Not all Network Marketing companies are scams.

It is both easy and wrong for Network Marketers to ignore the negative aspects of the industry when they should be learning from the negative in an attempt to get better at what they do.

It is also easy and wrong for anti-Network Marketing folks to ignore the positives and paint all companies with a broad brush.

I keep thinking that it would be great to get these two sides together in some type of open forum for a sincere and useful dialogue. Anti-MLMers can be good at pointing out flaws, but sometimes lack the ability to offer ways to improve. At the same time, MLMers can “positive mental attitude” themselves into thinking that there is no room for improvement in the business model.

Remember, Network Marketing is not as bad as the critics say or as good as the promoters say.

Google Loves the Anti-MLMer...

Do a Google search for MLM and the top three sites are MLMwatch, MLM Survivor and What’s Wrong with Multi-level Marketing. All three sites are what I would consider Anti-MLM.

Search Quixtar and and sites 2 thru 6 are Anti-Quixtar.

I am no fan of Quixtar, in fact in my opinion, they deserve the critics. I just find it interesting.

Most of the Anti-MLM sites do not present both sides of the story. There are scams and scammers in MLM, but there are good companies and good people as well.

One site that does present both sides is creeping up in the rankings and is currently listed at the bottom of page 5.

Psssst. Pro-MLMers, lil’ help?