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There is an undeniable shakeup in
corporate America; downsizing and layoffs, women hitting glass ceilings
as promotions pass them by, large corporations dumping their employee
retirement plans, and the frightening "finished at forty" syndrome.
If you are employed by a corporate
company the battle cry is loud and clear -- QUIT before you are let go.
But there's hope. The Internet is the
single most powerful force on the planet today. What took radio 38 years
and television 15 years, the Internet has done in only 5, reaching 50
million users. Powerful force is an understatement.
Stephen Covey, author of The Seven Habits
for Highly Effective People, said: "Network marketing has come of age.
It's undeniable that it has become a way to entrepreneurship and
independence for millions of people."
In the workplace, we consider "being
promoted" as earning more and working less. With the same mindset
regarding the Internet, if you want to earn more and work less, you're
going to have to start creating income streams that do not require your
direct involvement: Immediate-Leveraged-Income.
Let's pause here to differentiate between
linear income and leveraged income.
Linear income is money you make through
direct sales, or by working a 40 hour week and being paid a salary.
Doctors and lawyers earn a higher linear income than say, a dressmaker
or pizza chef. But it's a fact: we all have a maximum of 24 hours a day
which limits the amount of money even doctors and lawyers can personally
generate.
Linear income is trading your time for
money. Leveraged income is your money working for you. With the right
business, by making one sale you've set into motion a chain of events
that adds to your income and a new "pay line" has been generated. In the
perfect scenario, this continues without end.
For leveraged-income to
work smoothly it cannot consider a MLM type of program because of the
attrition factor. These programs necessarily require you to constantly
backup and repair the "leaky-bucket" syndrome. This cuts short a pay
line, often permanently. Besides, small commissions result in small "pay
lines".
Search for companies that offer
leveraged-incomes and compensation plans that pay a minimum of $1000 per
sale. If the commission isn't jaw-dropping, why bother?
Would it be difficult to find one person
a month to join you in a program like this? Just one per month who might
be interested in learning about leveraged-income and enjoy more leisure
time while controlling his/her own paycheck?
Do you know what happens when you double
a penny every day for a month? At the 15 day mark, it's grown to
$163.84. But by the 30th day, it's mushroomed to OVER 5 MILLION dollars!
Business entrepreneurs see the big
picture and aim for financial security. Building assets from which their
money will come in month after month, year after year from work he is
doing today. Think of the composer or published author; their work is
done once; they get paid forever because of that effort.
Business entrepreneurs like to call this
their "money-machines". And they understand that in order to build a
money-machine, an investment is necessary. There is just no such thing as
businesses without investments. Soon, those desirable 5-10 hour weeks
become an urge that goes beyond mere need.
© 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.
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