Passive Income, Can you Market to Friends and Family and Make a Great Passive Income?

You just signed up for a network marketing company.  They told you that if you just get two friends in and those two friends get two friends you can make a great income.  Then you are told to write down a list of 100 friends and family that you know and they will show you how to market to them.  Does this ideas work as a way to make great passive income?

There are a few reasons why this scheme might not work as a way to make a passive income.

1.    Your friends and family are not targeted for your product or service.

Your friends and family are just that, friends and family.  They may not be the right people to get involved in your business or opportunity.  Why, because they just aren’t interested in it.  They may love you, but they don’t want or need what you are selling.  That’s okay, if they aren’t interested just travel on.

2.    Can you build a big passive income business with only 100 people?

What is the one institution where people commit to love, honor, and care for each other the rest of their lives?  Marriage!  We spend thousands of dollars on weddings, months of planning, and lots of headaches to marry this person that we just know we are going to cherish for the rest of our lives.  What happens?  Over 50% of these commitments end in divorce.  If that commitment ends in divorce, how many people that join your opportunity will also quit?  You need more than one hundred to build a six-figure passive income!

3.    Your friends and family could be difficult to convince.

Your friends and family could be a difficult sell.  They know you in one particular way and now you are going to do something different.  I might be difficult to get them to go along with you.  Even Jesus had trouble in his hometown.  How much trouble do you think you will have?

There are plenty of ways to get prospects that are interested in your product or service.  There is article marketing, social media, banner ads, solo ads, and PPC just to name a few.  You need thousands of interested people in order to have a great passive income.

I am taking 10 people on the journey of a lifetime into world of passive income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Passive Income, What Passive Income is Not! Is it for You?

Passive income, we have all heard of it.  It’s that income that pays you while you sit at the beach or play with your kids.  We think it is very easy to create passive income.  It’s passive, right?  It is supposed to be easy to create.  One thing passive income is not is easy to create.

Why is this?  On of the reasons residual income isn’t easy to create is that we aren’t trained to earn that kind of income. We are told that it’s difficult to obtain.  Many people believe that it’s even evil.  The only kind of income that we should ever make is money made working for someone.  Actually employee income is the worst kind of income that you can earn.  It’s also the easiest.  Someone has already done all the hard stuff.  All you are doing is plugging into a position that has already been created. 

There are several ways to make passive income.  Some of them are rental income and other kinds of real estate income.  There is affiliate marketing or network marketing.  There is royalties from writing books, songs, movies, television shows, etc.  They are all ways of earning residuals because you do the work once and get paid for it over and over again.

However, let’s dispel some myths and set realistic expectations before you go down a path that doesn’t fit you.

Generating a passive income is NOT easy and it takes a lot of hard work.

Nothing in life is easy.  Making money passively is no different.  Many conventional marketers and entrepreneurs will try and persuade you to think otherwise.  They are trying to make money by building false hopes in you.  I have had all kinds of businesses and having a business is hard work.  I will help you all I can, but the action is up to you.

Generating passive income will NOT happen overnight.

You have probably gotten a lot of get-rich-quick schemes thrown at you.  It takes about a year of hard work in order to generate enough income to support yourself and your family. You can do it quicker but don’t count on it.  However, it’s much better than the 65 to life plan when you work for someone else.

Generating passive income is NOT impossible.

It’s not just a dream; you can do it.  The economy isn’t what it used to be.  The jobs aren’t out there like they were before all the schemes to globalize the world.  You can still have your dream life with passive income if you are willing to learn the skills necessary to achieve that great lifestyle.

I am taking 10 people on the journey of a lifetime into world of passive income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

The Extraordinary Effect of Compounding! What Can Compounding Do For You in Your Business?

 

What do I mean by the extraordinary effect of compounding in business?  We have all heard for compound interest.  Let me explain.  Simple interest is where you only earn interest on the principle.  Say you put $1,000.00 in the bank and you earn $50.00 in interest on the thousand dollars in six months.  In the next six months you would earn another fifty dollars in interest.  You are only earning interest on the first thousand dollars that you put in the bank.

Compound interest is totally different.  Let’s look at the same scenario.  You put $1,000.00 in the bank and in six months your earned fifty dollars.  In the next six months you would earn interest on the thousand dollars plus the fifty dollars.  In that case in the next six months you would not earn $50.00 in interest but $52.50 in interest.  As you can see as time goes by the extraordinary effect of compounding would add up and you would eventually earn much more money.

What if you could put this principle to work in your business?  What kind of business would you have if you got people into your business and then you made money off them?  They in turn got people into their business and you made money off their efforts also.  That’s called the compounding effect.  It’s amazing, isn’t it!  What kind of business can you get into that will allow you to make such an amazing income?

It isn’t your typical sales job or real estate business.  In typical sales you have to work over and over again because you will not make any what is called residual off your sale.  Once you get the money you have to work over and over again to get more sales.  Why would you even sell if that were what you have to do?  I mean it just seems crazy that you would want to work that hard for something that you are going to have to work over and over again to get.

When you use the amazing effect of compounding in your business, not only do you make money once and it pays you over and over again, you also make money off the efforts of others.  It’s called network marketing.  I’m sure you have heard of it but it is so misunderstood and maligned that few will ever take the plunge into an income that will not only pay you but also pay your children and grandchildren.  What’s stopping you from using the amazing effect of compounding in your business?

I am taking 10 people on the journey of a lifetime into world of compounding in business.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Passive Income, What is Your Vision? Vision is a Must When Making Passive Income

Passive income, it’s what we all want right?  We want income that we make once and it pays us over and over again.  It’s a great way to make money.  Why not just sit on the beach and have money flow into your bank account?  The problem is when it comes to making passive income you have to have a totally different mindset.  You must have a mindset that will get you through the rough patches, and there will be some along the way.  Earning a passive income isn’t as easy as you think, but it can be done with the right attitude.

I recall a story of a ship that went down at sea during WWII.  There were 300 men that were thrown into the ocean.  They were stranded in the ocean for six days and finally nine of them drifted off from the other 291.  A young officer observed that the men were losing heart.  He tried to bolster the spirits of the nine men by asking them questions about their families and their hopes and dreams for the future.  He asked them how they thought their family would feel if they were never to return.  He gave them hope and a vision for the future to help them survive the ordeal.  A bomber finally spotted the nine men and they were rescued.  The rest of the men perished at sea. 

Could it be luck?  Were the other nine men just in the right place at the right time?  That could be part of it.  I believe the biggest reason that these nine young men survived was the hope and vision the officer gave them by constantly asking them about their families and future.  He gave them a vision for their future that kept them alive long enough to be rescued.

The Bible says, “Where there is no vision the people perish.”  What is your compelling vision for life?  What are you willing to live for?  What are you willing to die for?  Because the world we live in lacks vision you need a big compelling vision to make a passive income.  It’s normal to work for a living.  That is trading time for money.  When you start making passive income you are trading effort for money.  It’s completely different.  Sometimes it takes a lot of effort and work to begin a business that allows you to make a great passive income.  Will your vision see you through?

It’s so easy for us to return to what is easy.  We don’t think that it’s easy to make a living working for someone else, but believe me; it’s the easy way out.  Having your own business making a passive income is difficult but the rewards are so worth it. 

I am taking 10 people on the journey of a lifetime into world of passive income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Residual Income, Is Building a Residual Income Difficult?

What is residual income and how do you build it?  We live in a world in the United States where the job market is disappearing.  There are still service jobs but those high paying corporate jobs and industrial jobs that were once available are not available anymore.  We want to have money to take care of our family and have the things we need to survive but that is getting more and more difficult in today’s world.

What is residual income and how do you make it?  Residual income or passive income is income that you make once and then it pays you over and over again.  There are several ways to make residual income.  One way is royalties.  Royalties are paid on such things as book sales, movie rights, and CD sales on music.  Every time a movie is played, a CD is sold, or a book is sold, the creator gets a little bit of money from the sale.  Other ways of making residual income is from rent from apartments or houses.  Those are residual.  The most popular way of making a residual income is through network marketing.  So many people fail when they start trying to make income with network marketing.

I think there are a few reasons.  One is they don’t have the right attitude.  You must have an attitude and passion for what you are doing.  That means you have got to want to help other people.  It may be that you want to help them with their finances, with their dreams, or help them with something that the product or service provides.  If you have weight loss products perhaps you want to help them lose weight.  If you have anti-aging product perhaps it’s your passion to help them look and feel younger.  Without a passion and the big dream you will fail.

The other reason people fail is due to lack of training.  They aren’t trained to know how to make passive income.  Making passive income is completely different than making employee income.  It is something that we must be properly trained to do.  We can’t just sign up with our brother-in-law that has no training and then think we are going to be successful.  It doesn’t work that way.  You have to be trained on how to make a residual income.   I have spent five years and fifty thousand dollars learning how to make passive income.  It’s my passion to teach you how to have a great income.

I am taking 10 people on the journey of a lifetime into world of residual income.  If you want to see if you qualify for this journey go to www.incredibletransformation.com, give us your information so we can see if you qualify.

Residual Income! How Much Passion Does it Take to Produce Residual Income?

We have just finished crowning the winner of the Super Bowl and presenting the winner with the Lombardi Trophy.  Congratulations to the Denver Broncos for the great win over a team that had steam rolled over everyone in the regular season and the playoffs.  The Carolina Panthers seemed unbeatable.  I am from Colorado so I am happy the Broncos won, but more than the win, there are some very personal stories that come from football.  Many people show courage and hard work to get to the upper echelons of football.  Just like making and income with residual income, professional football players need to have a passion that will not quit.

One such player didn’t make it into the Super Bowl this year, but he has won a quit a few and been in the playoffs many times.  That player is Tom Brady.  He is one of the all time greats of football.  Drafted in 2000 he was the 199^th pick.  He went on to win four Super Bowl rings.  He was the Super Bowl MVP three times, 11 times all pro, six times AFC Champion, AP male Athlete of the Year in 2009, and the New England Patriots all time best quarterback.  He was not supposed to be so great.  He was not given the great chances in life.  In fact, he was not supposed to play pro football at all.

When Brady started his high school career he was not even good enough to be a starter on his JV team that went 0-8.  Because the starting quarterback was hurt Brady finally go his start.  He struggled to get on the radar of college coaches.  He created highlight tapes and sent them out.  This got the attention of University of Michigan where he started there as backup quarterback.  He spent most of his time at Michigan battling for a starting position with Drew Henson.  He finished his college career with a 34-33 overtime win against Arkansas in the Orange Bowl.

You would think that he would be a shoe in for pro football.  His scouting report read that he had a poor build, was too thin, would easily be knocked over and hurt.  The only team that came calling was the New England Patriots.  He was drafted in the 6^th round and was the 199^th pick.  Brady finally got his chance to start when Drew Bledsoe was injured.  Since that time he has gone on to be one of the top quarterbacks in football.

He learned to become comfortable proving himself every day.  He followed the advice of the great Vince Lombardi, “The price of success in hard work, dedication to the job and hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.”

It takes the same thing to have any kind of success in a residual income business.  Steve Jobs said that you have to love what you do because it’s hard.  Having success in a residual income business is hard, but if you are will to pay the price of success it is very rewarding.

Let me be your coach.  I am taking 10 people in 2016 to train them in how to generate a residual income.  If you are struggling in you finances, go to www.incredibletransformation.com.  Give me your information so we can talk about your future.

Generating Residual Income! Generating Residual Income Is It the Best Way to Accumulate Real Wealth?

I am not a political person, nor am I going to make this article a rant about my political affiliation, but I was listening the Bernie Sanders a few minutes ago.  He said that since in early 1990’s when NAFTA was created we have lost 60,000 American factories to places like Mexico and Vietnam where the labor is much cheaper.  I believe the minimum wage in Vietnam is sixty-five cents and hour.  How can we possibly compete with that?  We require a job that pays at least $15.00 per hour in order to survive.

The only way we will survive in America is with the possibility of generating residual income.  So many people do not know what residual income really is.  There are two aspects of residual income that are sooo good.  One is that once you work for it, it pays you over and over again.  Generating residual income is based on our efforts, not our time.  If you put a lot of effort into it when you first start a business then you will not have to put as much into it later.

It will even pay your children and your children’ children.  I would love to know that my grandkids have a secure future in an economy that seems to be failing more and more every day.  Their future is not nearly as secure as my future was when I graduated from high school.  There were plenty of high paying jobs then.  Now they are virtually gone and when you find one you will want to hold on to it because it is precious as gold.

An income that pays you over and over again for you efforts is just one good thing about generating a residual income.  The second thing that is so good about it is it allows you to leverage other people’s talents.  That’s called the compound effect.  Once you start compounding your efforts with other people’s efforts, your business can grow very quickly and keep growing exponentially.

The problem with generating residual income is that it can be a difficult thing to learn.  We are taught to generate employee income. That is just about the worst possible way to earn a living.  Generating residual income is a much better way to make money but it can be a difficult transition from employee income to residual income.  You will need someone to come along side of you and coach you through the first six to eight months.  That is the best way to make generating a residual income viable for you.  You will need someone that is trained and has done this before.

Let me be your coach.  I am taking 10 people in 2016 to train them in how to generate a residual income.  If you are struggling in you finances, go to www.incredibletransformation.com.  Give me your information so we can talk about your future.