Residual Income or "Walk Away Income" are terms used by many
people promoting Network Marketing
businesses. These words mean that you can
build up a group of people that you will get paid on
whether you work or not, like royalty income from books
or music. Well, the truth is, it doesn't
happen like that at all...
This is a touchy subject among some people, but
I want to share my take regarding it. I have been
working full time in the work at home
industry for 10+ years. Some of that period has been spent
in network marketing where the
concept of working 3-5 years and
creating a walk away royalty income is
promoted and sold. I have been very
fortunate to have some tremendous success
in that arena, working in that type of
compensation model for 7 of my 10 years. During that
time period I've had enough time to see trends and see
that this concept of walk away income doesn't
exist.
In my 10 years I've been fortunate to
meet some great leaders and have followed their careers, but I
have yet to see one of them completely walk away from their
business and still keep their business on an equal footing. Some
of these leaders have tens of thousands of distributors on their
team! Most of them are not even with the same company they were
with when I first met them, some on their 3rd or 4th and are
having to rebuild each time they start over. yet, they are still
promoting walk away income in their marketing and selling this
dream to their recruits and teams yet they haven't achieved it
themself even with their success.
There are many reasons why I feel this way and all are based on
real life examples. One is companies change. I don't think
companies like paying a million dollars a year to a
someone sitting on a beach somewhere not doing anything
to grow the company, so they change the compensation
plan to include requirements to make these people "work", hence no
"walk away". The company may go out of business or get sold, the
product may have issues with a federal agency and
recruits get scared and your downline
disappears. One of your top leaders
gets a transfer incentive to come over to
a new business and takes half of your
team with them, then what? No walk away income and you
are beginning over.
Not only are these real life examples, but they all happened to
me!
So here is my question to you... If there isn't
true walk away residual income, why not work in a
business that allows you to
create the most income in the shortest
period of time? Then you can take that money and invest
it in passive investment vehicles like Real
Estate or other investment opportunities that throw off
passive residual income. The word "passive" is the key
word here.
I ask many people this question and most of the time I
hear "but this one is for real" or "this one is different". I
heard this recently from a friend and very talented
marketerleader. It was early
December and he had "found it", but
just 2 weeks later a delivery arrived in the
mail from a new business he was now building
not even 2 months later!
So I say - Do it NOW, Do it BIG, Don't believe the myth!