Wednesday, March 12, 2008

Patience With a Residual Income Opportunity

Patience With a Residual Income Opportunity
The number of people trying to earn residual income on the
Internet is staggering. Why are so many people failing at
that seemingly unattainable goal to earn residual income
that they can retire on?

The number one reason most people fail to earn residual
income is because they lack the patience to build a
residual income. Residual income comes in over a period of
time and is not a lump sum payment. It takes time to
develop memberships or customers who will order a product
on a monthly basis. Only then you will be able to earn
residual income. This is accomplished through list building
ie; article writing, blogging and others.

Many years ago, a very famous network marketing guru sent
out a snail mail on his latest offering. In the letter he
described how he sent out 1000 letters and signed up 400
people in his Online Network Marketing Opportunity. He said
this proves how "hot" this company was and you better sign
up quick if you wanted to get "spillover" and earn residual
income.

What he failed to mention is that the 1000 people he mailed
his offer to were former seminar attendees of his own
making. These people paid money already to hear Mr. Guru
speak about how easy it was to earn residual income using
his tried and proven methods. Of course most of these
people signed up with Mr Guru because they had a prior
relationship and he was the expert.

Most of us don't have this advantage when we first start
out trying to earn residual income. But that is ok, just
remember it will take some time to to match what Mr Guru
has accomplished.

Most people will succeed if they just don't quit. Make sure
that you join a reputable business opoportunity. If
possible the company you associate with should be at least
5 years old. As I am sure you know, most companies fail in
the first 5 years. It becomes very difficult to earn
residual income when the company you represent goes out of
business and is no longer paying it's distributors.

And don't fall for the latest "Launch" hype that is so
prevalent on the Internet. Don't sign up for every
opportunity that comes up in front of you. You must stay
focused in order to earn residual income. Remember the time
factor we discussed earlier. Keep focused on your goal of
obtaining a residual income one which you can retire on!


----------------------------------------------------
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