{"product_id":"2940014851800","title":"Recurring Income Secrets","description":"Recurring Income Explained\u003cbr\u003eRecurring Income is another term for residual income. In a nutshell, there are\u003cbr\u003ethree (3) types of income streams that you may have coming into your business.\u003cbr\u003e1. If you do a one-time job, sale or perform a contract, you get paid once\u003cbr\u003eand the income stops there.\u003cbr\u003e2. If you do a normal 9 to 5 job, you will continue to get paid as long you\u003cbr\u003econtinue to work for your employer—often called a linear income. This is\u003cbr\u003ethe type of income that the majority of workers “enjoy.” Even if you are a\u003cbr\u003eneurosurgeon, lawyer or engineer, you are only paid as long as you\u003cbr\u003econtinue working. You stop working and the bank account dwindles.\u003cbr\u003e3. The third type of income is the recurring income where you are paid\u003cbr\u003ee ven a fter you have stopped working. For example, you wrote a book and\u003cbr\u003eas long as your book continues to sell, you will continue to receive royalty\u003cbr\u003eincome for a work done once.\u003cbr\u003eMajority of rich and affluent people created wealth through a form of recurring\u003cbr\u003eincome stream. Take singer Michael Jackson for example; he still continues to\u003cbr\u003ereceive royalty from the sales of his records made decades ago. He can even\u003cbr\u003erepackage the same oldies and sell them to generate new income. He doesn’t\u003cbr\u003ehave to spend time in the studio to record new songs in order to have the cash\u003cbr\u003ekeep flowing in! This is the most ideal situation of the three. We would all like to\u003cbr\u003ework once and get paid over and over again. That is the power of recurring\u003cbr\u003eincome!\u003cbr\u003eThe majority of professionals that enjoy this type of income belong to the creative\u003cbr\u003efields such as actors, writers, singers, and inventors.\u003cbr\u003eUnfortunately, not many of us are blessed with the talents Michael Jackson has,\u003cbr\u003elet alone the opportunities to be in the lucrative industries. However, there is one\u003cbr\u003ebudding opportunity for any ordinary individual today to enjoy residual income\u003cbr\u003etoday in the 21st century.\u003cbr\u003eYou’ve guessed it: it’s none other than Network Marketing.\u003cbr\u003eRecurring Income Secrets - 6 -\u003cbr\u003eRecurring Income Secrets\u003cbr\u003eNetwork Marketing Reviewed\u003cbr\u003eThe field of Network Marketing or Multi-level Marketing (MLM) has also been\u003cbr\u003einstrumental over the past 60 years or so to make the recurring income concept\u003cbr\u003every popular and attractive.\u003cbr\u003eHere, you can build a network of distributors, referred to as your down line, and\u003cbr\u003egenerate income outside of your own immediate effort. Working for Network\u003cbr\u003eMarketing company is one of the most feasible places where you can generate\u003cbr\u003erecurring wealth, and so we will now take a look at the secrets to being a\u003cbr\u003esuccessful network marketer.\u003cbr\u003eChoosing a Network Marketing Company\u003cbr\u003eAccording to a respected journalist, Richard Poe, in his book Wave4 – Network\u003cbr\u003eMarketing in the 21st Century, Network Marketing is responsible for moving\u003cbr\u003eover a whopping **$100 billion** of goods and services yearly on the global\u003cbr\u003efront. It is therefore very likely that you have already come in contact with some\u003cbr\u003etype of Network Marketing product or service. The concept of moving goods\u003cbr\u003ethrough an army of independent distributors has earned its place in the marketing\u003cbr\u003eworld despite the negative publicity suffered by the industry. Network Marketing\u003cbr\u003eis here to stay; the question that remains is, “How do I choose a company?”\u003cbr\u003eHere are some very important pointers that would guide you in the right direction.\u003cbr\u003eAny company that you can find passing these criteria will be a great company to\u003cbr\u003eline up with.\u003cbr\u003e1. A company that has been in business for at least 5 years and has great\u003cbr\u003efinancial backing, excellent management and a ‘distributor first’\u003cbr\u003ephilosophy. The company should also have a long-term development goal\u003cbr\u003eand not just be out for the quick cash.\u003cbr\u003eThis may be a pretty tall order to reach but considering that the great\u003cbr\u003emajority of start-up Network Marketing companies fail within their first\u003cbr\u003ethree years you don’t want your income stream to suddenly dry up! It’s no\u003cbr\u003epicnic to discover that after you’ve spent time, effort and money to build a\u003cbr\u003eRecurring Income Secrets - 7 -\u003cbr\u003eRecurring Income Secrets\u003cbr\u003esolid organization the company closes down because one of those\u003cbr\u003eessential elements was missing.\u003cbr\u003eThere is the prevalent myth that the best time to join a company is at startup—\u003cbr\u003ethe so called ‘ground floor opportunity’—, but if the truth be told, the\u003cbr\u003eground often caves in leaving many people very unhappy. This does not\u003cbr\u003emean that you should wait for five years to see if a company would do\u003cbr\u003ewell, because logically, this would mean that no Network Marketing\u003cbr\u003ecompany will ever get started.","brand":"0penny.com","offers":[{"title":"Default Title","offer_id":47180745572592,"sku":"2940014851800","price":0.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940014851800_p0.jpg?v=1763616187","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940014851800","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}