Network Marketing’s Golden Child: Residual Income

One of the great benefits to building a network marketing business is the opportunity to generate a monthly residual or passive income. Perhaps, you already know that residual income is the portion of income you receive from all of the people in your downline who are also building their own network marketing business. Maybe, you also understand that residual income with many companies keeps on paying you even after you stop working as long as people in your group continue to work. Residual income is generated even while you sleep and play.

The beauty of network marketing is that the more you help people in your organization grow and prosper in their business, the more growth and prosperity you will have. Imagine if you helped thousands of people realize their dreams of business ownership, leadership, and financial wellness. Not only would you have the satisfaction of knowing that you were able to give in this way but you also earn the reward of receiving a little bit of money for everything each person in your organization does.

Here’s what you may not know about residual income though. It really is like having thousands, if not millions of dollars sitting in a bank account. Allow me to explain.

Let’s say you you earn $200 in residual income each month in your part-time network marketing business. That $200 is the equivalent of having $48,000 sitting in a bank account earning 5% interest. That’s right, $48,000.

Now imagine building your monthly residual income up to $1,000. That would be the same as having $240,000 in the bank at 5% interest. How many of you have $240,00 laying around that you can put in a non-existent bank account that yields 5% interest. Probably not most of you, but I dare to say that anyone with the right attitude, the right company, training and determination could work their network marketing business up to a $1,000 in residual income.

Okay, I got one more for you. This one will blow your mind. If you built your business up to $5,000 in monthly residual income, you could just as well say that you had $1.2 million dollars in the bank at 5% interest because $5,000 is what you would earn on interest. Isn’t that incredible? You may not be able to imagine right now having $1.2 million in the bank but can you imagine earning $5,000 in monthly residual from your network marketing business? It’s the same thing!

So the next time you get your monthly residual income check, don’t look at it as just $200…think of it as the $48,000 you have in your virtual networking marketing bank. Just keep making your MLM bank deposits (helping people build their business) and soon you will see your residual income grow.