A Lump Sum of $1,000,000 or a Penny a Day Doubled?
Most of you who are on this page are probably familiar with direct sales and how the residual income works in the industry. Did you know that there’s other industries that have residual income? Insurance sales, authors of best selling books, music artists, the list goes on and on.
This is the little secret – the key to really succeed at Direct Sales/MLM is to generate residual income.
I come across a lot of people who don’t really understand what residual income is. And when you don’t understand it, you may never try to capitalize on the amazing opportunity sitting right in front of you.
I am going to explain the concept of residual or compounded income and you’ll know why I got hooked in this business. I’ve heard it told several times and never get tired of hearing about it.
Which would you choose, a million dollars right now or a penny doubled every day for 30 days. Quick! Make your choice and look at the math below:
So now we’ve gotten to the end of week one. You’re probably feeling stupid and wishing you could go back in time and get the $1,000,000, right? Meanwhile, the people who took the $1,000,000 are laughing their way to the bank. On to week two…
By the end of 4 weeks, you can clearly see that your final total is far more than one penny. Even more than the $1,000,000. I bet those people who took the $1,000,000 are the ones feeling a bit silly now, aren’t they? But guess what? You still have 2 more days to go…hold on to your seat!
At the end of the 30 days, your one measly penny has doubled to nearly $6 million! That’s kind of hard to wrap your head around, isn’t it? But that’s the general idea of how residual and compounded income works.
Now, let me clarify – you will not make $5+ million in one month. This example really has nothing to do with the compensation plan that a direct sales consultant may be involved in.
What it illustrates is that if you work longer (30 days versus one day) for what seems to be very little income, in the end you will walk away with a much bigger reward. And the best part is that this reward is not a one-time deal. Once you have a successful and replicable system in place, you will earn your income month after month after month. That is how you succeed at MLM. Consistent effort, a proven success system, and patience/determination.
See You on the Beach!
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P.S. Don’t look back a year from now and regret that you didn’t get started today?