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Leverage and Residual Income are probably two of the most powerful words I’ve ever heard. I was introduced to Entrepreneurship at the age of 17 years old. A mentor once told me that if I’m the only one that accounts for my paycheck every month, that I would never truly get ahead in life.
He then went on to talk about how Business Owners leverage employees and that when they look at their paychecks every single month, the basically are getting paid off of the hours of their employees.
He also talked about Residual Income and how it basically meant that you do something once, and get paid over and over and over again. Did you know that when the film Grease came out that John Travolta and Olivia Newton John were both offered two options on how they wanted to be paid? They had the opportunity of taking a lump sum, or basically get royalties for the rest of their life. Olivia Newton John decided to go with the lump sum. HUGE mistake. Take a look at the two differences in their lives and both of their careers. It’s drastic.
One of the few business systems that allows you to encompass Leverage and Residual income is the Network Marketing or MLM industry. The Network Marketing (MLM) industry is very powerful in that anyone from anyone walk off life can learn the skills of Entrepreneur, have no to little start up cost, and change their life forever.
When I first was introduced to Leverage and Residual income, I could not believe that not everyone was tapping into that business model. Why, when someone takes a look at information and an opportunity to make an impact on the financial situation, never give themselves a chance to make that change?
If you are an Entrepreneur, I believe it is our mission to share what we know about leverage and residual income.
What are some other ways to encompass leverage and residual income?
Why do you think that people, when given true opportunity, never seem to take action?
To your Success,
Alejandro Reyes
916.947.2455
skype: whoisalejandro
yahoo: whoisalejandro
Popularity: 49% [?]
June 11th, 2007 at 12:37 pm
I couldn’t agree more. I am also in MLM and I love it. Residual income is truly amazing and life changing. I think there are many reasons why people never take action. Some of these include:
fear
lack of confidence and belief in themselves
people they know make fun of them
lack of motivation and a true reason why they are doing the businesss
June 12th, 2007 at 1:36 pm
I would love to hear some podcasts of some of this stuff. Any podcasts on the horizon?
June 24th, 2007 at 9:25 am
Most people fail at building a strong residual income Because they neither have the patience or the funds to withstand months of no income while paying out hundreds of dollars monthly for product and advertising. The people who are successful use “funded proposals”.
They make upfront money promoting a product and then backend the opportunity