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Who doesn’t love a sale?
Grand Opening sales, Clearance sales, and others that I’ve
never taken advantage of -- Midnight sales! We all love to get
quality for a lesser price. Bargains have become part of the American
lifestyle and with it the added bonus of bragging rights… “I bought the
exact same car but I paid less than you did”.
Sales are good for the business
owner too. It brings in needed cash flow while clearing the shelves for
new merchandise, but what about the Going-Out-Of-Business sale? You
will find bargains hard to pass up because these sales mean the business
has dried up and the owner can no longer keep his door open. Sadly,
this owner will not be generating any more revenue: his cash flow will
stop!
Realizing that the rich get richer by setting up
leveraged income, let’s look at this for the moment: in the workforce we
consider “being promoted” as earning more and working less. With this
mindset today, if you want to earn more and work less you’re going to
have to start creating income that does not require your direct
involvement -- leveraged or residual income!
Leveraged income differs from linear income (the
money you make by working 40 hours in exchange for a paycheck). Doctors
and lawyers earn a higher linear income than say, a salesman or pizza
chef. But in fact we all have a maximum of 24 hours a day which limits
the amount of money even professionals can personally generate. They
can up their hourly fee but if suddenly they are unable to work their
cash flow stops too.
Linear
income is trading your time for money. Leveraged income is your money
working for you. With the right business you set in motion a chain of
events that duplicates your income over and over again. In the perfect
scenario this continues without end.
Think of
the author of a best-seller… his residual income is generated by the
sale of his popular book over and over again – often going into reprint
status, or the composer of a song that won’t leave your head. Every
singer wants to record that song and you as the composer will earn mega
bucks just for that one creation!
So how do
we apply this to the Internet? You can find many programs online that
generate leveraged income. Not all of them have or will endure the test
of time. Surely you’ve seen the ones with poor products or unethical
practices that disappear into cyberspace; often with your money.
Select a
program that uses collaboration and you will have the perfect win-win
situation. With so much conflicting information on the Internet, people
are getting more confused than educated. A program where your sponsor
guides you through the initial sales will gain leveraged income for him
while earning you the privilege to turn around and do the same.
Let’s
examine the 2up system: you are rewarded for selling a valuable product
to your new associate and you have earned a sales commission. In return
for this commission you agree to train him/her to do the same, teaching
them how to advertise and sell more of your company’s valued product.
In a
collaborative effort, they agree to forfeit their first two sales to
you, their trainer. Once they complete these two training sales, they
are independent and begin their own team of associates. Your leveraged
income results from the two training sales your associate has given you,
and you begin guiding these two new associates, each of which will in
turn bring you two new sales commissions.
Do the
math: your associate brought you a sales commission. He in turn gives
you two new associates with two new commissions. And they in turn each
bring you two more associates to train. That’s seven commission checks,
and it doesn’t stop there.
With this
system, no one suffers the loss of an affiliate to jumps to greener
pastures. Once they have made their first two sales in return for their
training, you have no further use for them; they become independent and
earning their own leveraged incomes.
There are
also personal rewards for those who guide others to realize their
dreams. As a mentor you are a productive citizen, a valued friend who
has helped many become financially independent, and as each new
associate fills his dreams, they in turn are fulfilling yours.
Collaborating with others for overall growth is the real beauty of
leveraged earning.
© 2006
Esther Smith
About
the Author: Smith has published numerous articles and writes a blog for
all artists:
http://the-self-taught-artist.com/blog.html
She also coaches new students on how to leave the time-for-money trap and set up
Leveraged Income for life.
http://thepermanentventure.com/dcc.htm If you can’t sing or ride a
bull, you better learn how to make your money work for more money. |