Just was visiting Tom, Big Al, Schreiter's recent Facebook fan page. I came acrossa great network marketing recruiting ideas about how to explain residual income to our mlm prospects.
Now, we as reps know what its all about and clearly understand and have experienced "residual income". For our prospects, its not that easy. So, what Tom suggested is we just use the "rock and roll" story analogy. Here's how it works.
Are You a Rock and Roll Star? by Tom Schreiter
Did you write that musical hit that the world couldn't resist? And because of your musical talents, do you receive a music royalty check in the mail for thousands of dollars each month?
No? No musical talent? No skill at writing hit records?
Well, are you a famous novelist?
Are you interviewed on all the television talk shows? Do publishers bid record amounts of money for the rights to your next mystery novel? And, because of your captivating writing talent, do you receive thousands of dollars in royalties from your publisher every month?
Or, do you own a couple million dollars worth of high grade stocks and bonds? And, every month do you receive a dividend check for thousands of dollars, conveniently sent to you from your broker?
Or, did you arrange to be adopted by a rich family? And did that family leave you thousands of dollars in monthly inheritance income from their many trust funds?
Or, do you have to work for a living?
If you are like most people, you have to work for a living. If you don't work, you don't get paid.
What's different in the above examples? Well, if you were a successful rock star, novelist, rich investor, or lucky heir, you would receive money every month even if you didn't go to work. That's called residual income.
What's residual income?
It's a lot different than linear income, the kind most people have. You see, linear income continues only as long as you continue the work.
* If you are a surgeon, you get paid whenever you perform a surgery. If you don't perform a surgery, you don't get paid.
* If you are a construction worker, you get paid when you work. If you decide not to work for the next 12 months, chances are your employer is not going to pay you.
* If you drive a bus, you get paid. If you quit driving buses, you don't get paid.
That's how linear income works. You receive income when you work. When you stop working, the income stops coming.
Residual income is different.
The best way to describe residual income is that when do something right just one time, you get paid over and over again for what you did.
So, you wrote a hit song ten years ago. Every time it plays on the radio somewhere in the world, you get a little royalty. Even though you completed writing your song ten years ago, every month you receive a royalty check from people who play your tune. You did it right one time, and now you collect every month.
When you wrote that hit novel five years ago, you finished your work. Now, you receive regular royalty checks from continuing sales of your book from your friendly publisher. You did it right one time, and now you collect every month.
You invested the few million dollars you had lying around in your checking account six years ago into high grade stock and bonds. Now, every month you look forward to your monthly dividend checks. You did it right one time, and now you collect every month.
You called every duke, queen, business magnate, and rich sports star twenty years ago and asked to be adopted. Finally, one accepted your proposition. Every month your inheritance check reminds you that the adoption letter campaign of twenty years ago really paid off.
You did it right one time, and now you collect every month.
Residual income sounds nice, doesn't it?
Unfortunately, most people have trouble developing a residual income.
Why? We can't sing or write music. We don't have publishing contacts for our hit novel. We don't have a few million dollars sitting in our checking account waiting to be invested. And, worst of all, we can't find any rich people in failing health ready to adopt us.
However, there is hope.
There is another way to develop residual income. There's a way to get monthly checks for thousands of dollars so that we can do the things we want in life, so that we can achieve our dreams. And best of all, almost anyone can develop this residual income.
Tens of thousands of people have already developed lifelong residual incomes through the power of network marketing . . .
Tom 'Big Al' Schreiter
Fortune Network Publishing
PO Box 890084
Houston, TX 77289 USA
PO Box 890084, Houston, TX 77289 USA
To Your Success,
Be a Mentor with A Servant's Heart
Resources To Help You Grow Your Business
"Success in 10 Steps" The ebook recommended by Tom Schreiter and
Michael Dlouhy which teaches you how to build a successful mlm business in 10 easy steps.
The Big Al Report by Tom Schreiter: http://ping.fm/uc7fD
"Fortune Now" by Tom Schreiter: http://ping.fm/gwkE8
Complimentary Four Day Postcard Marketing Course
"How to Build Your Small Business Fast With Simple Postcards" (New 2011 Edition)
'Low-Cost Marketing Secrets'