I can’t count the number of times I’ve heard Multi-Level Marketing program aficionados, insurance sales managers, and sales leaders tell me that what I need is to sign up with their program for the benefit of ‘residual income.’
Residual income, they never fail to tell me, is the future. Imagine, they said, that you keep getting a cheque every month for the rest of your life for making one sale today.
Ok, I’m not a dummy, I’m interested.
You have my attention.
Then they tell me about this convoluted scheme where buddy A gets a share then buddy B gets a share then buddy C gets a share and as long as I bring on buddies E, F, and G, and each of them bring on 3 people and each of those people bring on 3 people then I’ll be set for life.
And if the moon aligned with Miami and started spitting gold bullion I’d be rich too. Somehow the odds of either one seem entirely too remote to work for the vast majority of the people involved.
Oh but it sounds sooooo good, doesn’t it?
So what’s wrong with it? Why doesn’t the model work?
Well, the truth is – it does work, but only for those closest to the top of the chain, and there lies the rub. If you’re at the top of the chain then that pretty much means that the product or service being sold is yours and everyone below you is getting paid for referring you more business.
So it really works for the person who is the originator – the person selling stuff in the first place.
So why not start there?
If you’re looking at building a residual or recurring income, why would you bother joining an MLM when you can have your own recurring income based on your own products and skip the middlemen altogether?
And when I came to that realization it became clear that the best recurring or residual income to be had isn’t from MLMs in the first place; it’s from having your own membership site.
Think about it. Odds are very good that you have a unique skill or knowledge base that you can share to others who would like to see/hear/or know about it. And if you don’t have that knowledge base today, you can research it and set up a membership site tomorrow instead.
For about $200 a month you can have a whole membership site built around the content you provide, you can update it regularly yourself, so it’s all in your control, and everyone who subscribes to your site is paying YOU directly. Ok, so they’re actually paying you through PayPal, but still it’s not that hard to administer.
If you can find enough content for people to pay you $10, $20, $40 or even $60 a month you can very quickly turn this into thousands of dollars a month in regular, recurring revenue.
No Middlemen. No Catch.
The reason? You are able to re-sell the same content, your content, over and over again to people who are happy with what you are selling them. And it is set up to automatically renew so you don’t have to go through the hassle of re-selling them each and every month.
Think about it. Isn’t that better than a part-time job?
I know that I spend more than $200 a month on gas and food and drinks to get to work at any job I’ve ever had, so in this case the reality is instead of going to someone else looking for a part-time or second income, I’m creating my own job when I launch my new membership site.
And since I’ve worked out a lot of the bugs, I can help you launch your site too.
Isn’t it nice to know someone who can help you not have to go to the office any more? To know someone who can help you build that second income your family needs right now? Am I a great friend or what?
Seriously. Call me. No Middlemen. Just you, your site, and your recurring revenue. That’s got to be worth a phone call. 623-252-4489. Honestly, it’s a no-brainer.
And with an income like that, that you can’t be fired from, whose hours you control, and that you can do largely in your housecoat…isn’t that the best residual income you can get?