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Not only are jobs getting more and more scarce, but the quality of the existing jobs is rapidly diminishing. We’ve already heard about pay cuts and forced furloughs this year. Today I read in my local news that Boeing is cutting back drastically on tuition assistance for its employees and that Group Health Co-op is eliminating vacation accrual for the remainder of the year.
Benefits used to be one of the main reasons for taking a job. But now even that advantage seems to be disappearing. I held on to my job long after I should have let it go just to keep the health care benefits. Now I pay my own health care premium and of course I get no vacation accrual although I can take off whenever I want. Oh and of course there’s no tuition assistance for me either, but that’s something I can write off if ever choose to return to school.
The point is, working a job is becoming less and less attractive. Not only are they paying less now, but they are giving fewer benefits. I expect this trend to only increase and drive up people’s interest in starting a home based business. People are going to find fewer and fewer incentives to go work for someone else. And starting their own business is going look more and more attractive. I hope that anyone who reads this will consider a network marketing home based business. Network marketing is a business that has a low cost of entry and a high income potential.
Download your free copy of How to Select the Perfect Network Marketing Company – and enjoy!
Network Marketing is one of the few industries (some people will argue it’s not really an industry, but that’s the only word I can come up with now) that offers both Residual and Passive incomes. Both of these kinds of incomes are superior to the “time for money” type of incomes you might get with a job. What are they and how do they differ?
Residual income is income you get long after you already done the work for it. A real world example of this would be recording artist. They get paid long after they’ve done the work to make the recording – sometimes for decades after.
Passive Income is income you earn by doing little or nothing at all. A real world example of this would be a sports star who lends his name to a product for promotion purposes. He hasn’t really done any work – but he’ll get paid usually on one some ongoing basis for the use of his name.
You might be saying: But I’m not a recording artist or a sports star! Network marketing usually offer both of these advantageous income types. If your network marketing product is sold with an Autoship option, that means you get paid long into the future for one sale. This is residual income because you do the work once and you keep getting paid long into the future. Passive income can be found in your network marketing team building. Presumably your team is doing work; bring in customers and building their own team. You will get paid on their efforts!
Passive and residual income are both far superior to ‘paid by the hour’ income. When you are paid by the hour, you are simply trading time for money. And time is something that there never seems to be enough of. Often when you are working a low paying job, money is also in short supply. Trading time for money and not making enough money – that doesn’t sound good does it?
So we are very fortunate to have network marketing where both types of income are present. With some work and dedication you can build both passive and residual income streams in network marketing.
Download your free copy of How to Select the Perfect Network Marketing Company – and enjoy!
I keep running across a lot of people who seem to be in waiting mode. They’re waiting for something to happen. What they’re waiting for varies, but a lot of people seem to waiting for things to ‘get better’. They don’t want to start a home based business because these are challenging times. What purpose does waiting have?
If you are waiting for better times ahead, you may be waiting a while. A lot of experts feel that we are beyond the normal predictable cycles of recession and recovery due to varying factors (like more government control in public companies). The last recession following the Dot.com bust has a phony recovery when you think about it. That ‘recovery’ was based on the housing/mortgage market – need I say more? That was smoke and mirrors.
If you are waiting to high paying jobs to come back; again, you may be waiting a while. High paying jobs were few and far between in the last recovery cycle. Most jobs that were added were low paying service jobs. So you shouldn’t expect any different in the future. There is already indication that pay scales are shrinking. They are not only shrinking in relative terms (compared to what it actually costs to have a decent lifestyle) but in absolute terms (actual dollars).
So why I am going on about economics? Because it leads back to the idea of a home based business. There are no guarantees with a network marketing business, but there is something very close to a guarantee. If you are diligent about finding the right network marketing opportunity and you put in the effort necessary to succeed, it will be difficult for you to fail. And once you find success with a network marketing business, you can ride them through the various economic cycles. So what are you waiting for?
Download your free copy of How to Select the Perfect Network Marketing Company – and enjoy!
