More Multiple Streams of Income
As you know, I advise members of our generation (Baby Boomers) how to actually be able to retire (someday).
The old ways just don’t work. That is why about 90% of us can NEVER RETIRE.
Retirement is expensive. In most cases it will cost us 20% MORE each month to live after we quit working than it does during our working years.
In a nutshell, this is because we will have more opportunities to spend money. “Every day is Saturday.”
So, if it is going to cost us more to live, then it should be obvious that we are going to need some extra money each month.
I borrowed this idea from Robert Allen, who wrote “Multiple Streams of Income”. It is a good book. You should get a copy.
Today, my suggestion is that you develop another stream of income by joining a networking opportunity. Some people call this Direct Selling (like Avon or Mary Kay) while others may call it MLM.
It doesn’t matter what you call it as long as you do something to add an additional stream of income.
Having tried several different network marketing opportunities, I feel qualified to offer my advice.
Beware of companies that just want to sell YOU a bunch of stuff, rather than the direct consumer. They do this in very subtle ways: you MUST buy a certain dollar amount each and every month to be commission qualified. This could lead to a garage full of stuff. I am reminded of this constantly when I stumble over another box of Melaleuca stuff from when my wife tried their program. The problem wasn’t the quality (it was fine) but rather the quantity. We just didn’t need that much EVERY MONTH. So we quit. We quit buying our AUTO SHIP. So, we weren’t commission qualified even though my wife’s girlfriends (who were customers only) still bought stuff from them. As we quit Auto Ship, so did many others. This causes the upline to suffer, so they quit their Auto Ship as well. The whole thing can collapse, and it usually does.
The other “issue” with MLM companies is over-priced products. Maybe you can sell their products in the beginning when you are charged up, but eventually reason will win out, and you won’t be able to ask your friends to pay more for your product just so you can make some money. You might as well just ask them for a handout. It amounts to the same thing. So that one doesn’t work either.
Many programs have a short shelf life. Telephone service became very competitive (and cheap) so those companies selling a Long Distance Plan went away. Utilities (gas and electric) are going through the same process. Solar power is probably a better choice.
And who wants to pay three or four times as much for coffee? Not me.
Maybe you will subscribe to a plan for Legal Services, at least until you realize you don’t really need that many legal services anyway.
OK, the idea of another stream of income appeals to you. I know it appeals to me. But you don’t want to go door-to-door selling Avon, you don’t want to alienate all your friends, and you don’t want a garage full of stuff. So what are you to do?
What Now?
I faced this same dilemma. So imagine my glee when I found something that satisfied all my apprehensions about the Direct Sales business. I didn’t have to buy anything to be part of the company (in any given month). I could take six months off and still be right where I was before when I came back. And I didn’t have to sell my friends any over-priced items so I could make my commissions. And nothing was piling up in my garage. This must be too good to be true. But it is not too good to be true. But it is like everything else in life, you get out of it in relation to what you put in.
In the simplest terms, I can put in less than $100 and take out over $20,000 (over time). This is not something for nothing. It is pay for selling the services the company offers. And the services are NOT OVER-PRICED and they are in demand. As a matter-of-fact, it is getting paid for something we all do anyway. And the best part is that I could “earn” my way to those commissions. Or I could “prime the pump” with my own money, and then “earn” it right back.
The whole thing makes sense to me.
But this is not a get rich quick scheme. In fact, the REAL MONEY is down the line a number of years.
I liken it to planting trees. You plant the trees and then you wait for them to mature. This is the nature of things. In nature, growth is geometric, not additive. The commission program for this company is also based upon a geometric progression. It is actually based upon several geometric progressions woven together.
The first geometric progression is the LIFELINE. Everyone you recruit is in your lifeline, forever, even if they don’t buy anything in any given month. And everyone they recruit is in your lifeline forever, and to unlimited depth. This is a geometric progression on steroids. You can benefit from every one of these members.
But the big money is in the commissions, which is also based upon a geometric progression. The first commission is a measly $9 but goes up step -by-step to a final commission of $4800 for a total of over $20.000 on a single accounting unit. And you can have as many of these units as you wish. And these units grow exponentially also. As they travel through the five levels of the commission program, they accumulate four bonus units on each level, and these bonus units also earn commissions on the same structure as regular units. The possible payouts are staggering.
Now I must tell you that within the Direct Selling industry as a whole, 99% of the participants NEVER make more than $400 in their careers. Some career.
But I have made many times that amount, and I am counting on millions more. You too can “add” this income stream to your Multiple Streams of Income and truly be able to retire one day. All it takes is action. Call me.
Oh, BTW, there are a couple more geometric progressions involved. I will be happy to tell you about them. It just keeps getting better.
Comments(0)