My last blog on this Be Empowered by MLM series is aimed at educating successful people that there may be hurdles stopping them from embracing the Network Marketing Profession, hurdles that are obvious to others but invisible to them. If you would like to read that blog, click here.
Today, I am going to do my best to explain why it may not be in your best interest to stay in a high paid job forever.
“Going to work for a company is like getting on a train. Are you going sixty miles an hour or is the train going sixty miles an hour and you’re just sitting still?”
~ J. Paul Getty.
What happens when the employee gets off the train – either forced to or voluntarily?
There is no such thing as long term job security any more. Look around you and discover how many people you know have ‘suddenly’ lost their jobs.
How Secure Is Your Job?
About two years ago, my friend was upset because the family that was planning to go on a vacation trip with him had lost his job just before Christmas.
In another case, a happily planned family trip had to be called off because one of the parents had lost a high paid job. The family called off the trip to adjust to the circumstantial changes.
In another situation, the highly paid sales person decided to quit because of the overwhelming work-related pressure! He wanted to stay mentally healthy instead of keeping his job.
How many people today can honestly feel that their job is secure?
No Job. No Pay
This is commonsense, really.
However, this does not have to be the case.
Let’s look at the real estates industry as an example.
When a house is sold, the agent gets paid. No house being sold. No pay. This is called ‘Active Income‘.
After the sales, if the buyer decides to rent out the house as an investment and asks the same agent to manage his property, here comes a DIFFERENT type of income. As long as the agent is managing the house, he gets paid month after month. This is ‘Passive Income‘.
You may have noticed that the sales of a house yields far more commission than managing one property. Well established real estates agents would agree that the property portfolio is an important asset.
Can you imagine the ONGOING income of hundreds and thousands of small commission payment on EACH property being managed?
The agent has done the initial task of securing the contract for property management. He also provides on-going quality services to keep his client. Apart from that, he does no more. The monthly commission continues to roll in.
Passive Income from MLM
What the agent gets is comparable to the long term ‘Passive Income Stream’ generated from a Network Marketing Business (MLM).
In the wellness industry, for example, the distributor of the MLM company has successfully promoted certain products to benefit his customer. He continues to take small commissions for any future sales as long as the same customer is still happy to buy the products for her own use.
What is more exciting is that there will be business-minded customers who would like to pick up a pay cheque for helping others. Hence, from one customer, there comes one more, two more, three more, etc.
This, however, is LINEAR GROWTH.
More Exciting Growth!
The power of MLM lies in the Exponential Growth created by team work.
I will cover this in my next blog.
Meanwhile, I value your feedback.
Please share your thoughts and insights. Thanks!