Residual Passive Income

Residual Income is like the income a Rock Star or Author makes. They are getting paid every time someone buys their CD/book; they worked hard on their product and now they just get paid.

It's the same with Network Marketing - once we start making money in this industry, it keeps coming. People keep taking the products and the checks keep coming even if you are on vacation. I recently found the ideal network marketing opportunity that deals with a highly consumable product called Vemma which I market through VemmaBuilder. VemmaBuilder is an awesome way for you to take a free preview of the Vemma opportunity and build your downline WHILE you are previewing the opportunity, all for FREE!

Once you start getting momentum in your business to where you are making $400-$500 a month, it will continue to come in all the time. To get that kind interest or income from a CD or other investment vehicle, you would have to have $100,000 in the bank.

So, residual income is different to income from a JOB. With a JOB you're always swapping time for money, it never changes. Residual income will always be there once you have worked hard to generate it in the first place, even if you STOPPED working down the road! Would your current employer would keep sending you a paycheck if you stopped going to work? I don't think so...

To make a lot of money, most people need a college education. You don't need a degree to be successful in Network Marketing, but you MUST be committed to your success.

Keep tuning in to this blog and if you are happy with your current network marketing opportunity, speak with your enroller or someone else in your upline who is successful until you find someone who will work closely with you to give you tips on what they did to get where they are today.

Setting up your home office

If you are looking to setup your home office for your network marketing business, here are a few tips:

• Consider using VOIP for your office phone line as long distance is included and typical monthly charges are lower than an additional phone line (when you consider long distance) and it offers the convenience of accessing your voice mails over the Internet (and having them emailed to you). I use Vonage and they also offer the ability to forward calls to another number and to automatically have your calls forwarded to the phone number of your choice in the event you are offline. One MLM trainer with a popular podcast recommends that you also have a hard-wired land-line in the unlikely event that there is a power outage. I can only remember a couple of occasions over the 2+ years working from home where either my power was out for more than 15 minutes or my internet connection was disrupted so I consider a land line optional. If you have a personal cell phone, us it for "emergency" calls...
• A computer with an internet connection and email is a must. With a computer you can buy leads over the internet, maintain your business website, send/receive emails, etc. You should also have a printer so you can print labels to affix to your sales aids/samples, write letters, etc. Use your computer to manage your calendar (via Outlook or other similar program) and to manage your leads/contact information.
  
• Make sure your office space is dedicated to your business and that you have the discipline to shut out all distractions while you are in your "office".

Please let me know if you have any suggestions for other home office essentials...