HOW TO WORK LESS, TRAVEL MORE AND GET PAID IN 3 SIMPLE STEPS
Table of Contents
Chapter 1…………………………………………………………………………………………………………………………………..4
Step 1: Finding a vehicle………………………………………………………………………………………………………….4
What is passive income and active income……………………………………………………………………………..4
Be financially free……………………………………………………………………………………………………………………5
How to start earning a passive income……………………………………………………………………………………5
Chapter 2………………………………………………………………………………………………………………………………..6
What should I go for? …………………………………………………………………………………………………..…………6
Own a business………………………………………………………………………………………………………….……………6
Beware!! …………………………………………………………………………………………………………………………………6
Is renting property going to be your big break through? …………………………………………………………6
Things to consider……………………………………………………………………………………………………………………7
Investment through stocks………………………………………………………………………………………………………7
Beware!! …………………………………………………………………………………………………………………………………7
Online business……………………………………………………………………………………………………………………….8
Things to consider……………………………………………………………………………………………………………………8
Network marketing…………………………………………………………………………………………………………………8
Things to consider……………………………………………………………………………………………………………………9
Chapter 3..………………………………………………………………………………………………………………………………10
Step 2: Find a mentor……………………………………………………………………………………………………………10
Why is it important to find a good mentor for your venture? ……………………………………………….10
How to find a good mentor……………………………………………………………………………………………………10
Get yourself inspired! ………………………………………………………………………………………………………..…10
Copy them to an extent you feel flawless in your own actions……………………………………..……….11
Strengthen the relation with your mentor………………………………………………………………………….…11
Commitment is the key…………………………………………………………………………………………………………11
Step 3: Step up your game! Take massive action in a limited time of 90 days……………………..…12
The crucial 90 days……………………………………………………………………………………………………………..…12
Why 90 days? ……………………………………………………………………………………………………………………….12
Why take massive action? ……………………………………………………………………………………………….……13
Immersion, Elimination and focus…………………………………………………………………………………….…..14
Transitional activities vs. Transactional activities –Know the difference!………………………….……14
Knowing the difference…………………………………………………………………………………………………………15
Implement, Implement, Implement………………………………………………………………………………………15
Why network marketing model is ideal…………………………………………………………………………………15
Why multi-level marketing got a bad name? ………………………………………………………………………..16
Famous endorsers of network marketing………………………………………………………………………………17
Conclusion………………………………………………………………………………………………………………….…………18
If you are a person who lives by three simple rules of a freeloader lifestyle id est. sleep more, eat more and a whole lot of festivity then passive income is the perfect choice. For this, you have many options available which all depend upon how much your wallet is willing to give up for investing. I will describe the entire procedure in three simple steps! Starting off with step one which will be described in coming paragraphs.
STEP 1: Finding a vehicle
An easiest solution to this problem is finding a suitable vehicle which, technically speaking will do all the work for you. The idea is to have a vehicle such as a pickup truck or even a small coaster which you can rent out; if you are past that phase you are good to go. Yep! That’s it your job is done. Now sit back, relax and collect your money every month or so. Basically you need a commercial vehicle which you can rent out to parties that will pay adequately to use your vehicle in their business. A van driver might not necessarily have the funds to buy himself a van, that’s where you play your role. Your job is to rent it out to him on an amount which he can pay as per the income. Similarly, if you go for a pickup truck you can rent it out to bigger business for transport of non fragile or non-perishable items. All these overly decorated, vibrant public transport vehicles that are crammed with passengers off to their destinations are similarly owned by one party and rented out to drivers. Even if you start with a single vehicle, there will come a time where there is gradual collection on funds that can be invested in your business startup in the future to double the number of previously owned vehicles. This way your monthly income is sure to be multiplied.
What is Passive income and Active Income?
When you are physically putting in an effort in order to be paid back according to the work for services being performed such as salaries, commissions, wages etcetera, this refers to as Active income. Whereas, Passive income is when you have indirect participation in earning; in the vein of when you rent out a house or buy shares for an enterprise. Though, practically speaking buying shares is out of question if you are starting from scratch. Now that you have decided upon a suitable vehicle as well as calculated the amount of money that you can invest in the vehicle, come the part where you make up some of the technical decisions such as paper work as well as calculating how if your venture will be a profitable one or not.
Be financially free
Hand to mouth income can pass up as a modest life but to be financially stable you need a little bit extra to put under the savings tab. Frankly speaking, anyone would want a lifestyle where they don’t have to hold yourself back from spending a little extravagantly. Passive income is easy money where there is no need to necessarily wake up and gets to work yourself because it is all manageable by the comfort of your home. To be financially free is a goal one wishes to achieve by midlife. Despite that, being financially free is a task not as easy done as said. For this you have to have assets that you can utilize over and over and which will give you a passive income that is greater than expenditure on a monthly basis. Any normal person dreams up of a lifestyle where they are comfortably living a trouble free life doing what they want, whether it is to pursue something that you have ever dreamed of as a child or live a life of leisure or even nurture a happy healthy family and fulfill your children’s wishes with a smile.
How to start earning a passive income
Passive income is not just limited to renting out vehicles. There are many other ways to raise a good business and generate passive income from the said business. Endless options are available for passive income with their own sets of pros and cons. To draw out a best suited option for you is the key element where it all matters. Now one might think up of several ideas which generally involve traditional business our forefathers have adopted for themselves and despite it being a rather small business they have earned a fairly large sum out of it. Even so, time is never still, with the end of their era and entrance of new era you cannot deny a whole range of new options available to us all due to advancements in technology. Starting up a laundry mart might seem an easy option with very less investment despite that the growth probability is way less compared to updated options. These feasible options along with their pros and cons; which will give you an idea of how things work in each case, are discussed in the second chapter.
What should I go for?
1- Own a business
One of the options is to set up coin operated photo booths or vending machines which work similarly to their counterpart, photo booths. The initial investment is adequate as compared to investing in a whole store for vending machines or a photo studio instead of photo booths on a large scale. All you need to do is finding up locations where you think you will have more exposure such as, nearby schools or public places like parks. That is where frequent visitors are bound to show up. Such coin operated machinery provides a steady income and you don’t have much effort to put in other than regular checkups or buying items from whole sale which provides cheap and quality goods for vending machines. Repairs are rather cheap but once you have a big number of machinery this might get expensive. In that case you might as well learn to do the repair work yourself which will eventually be profitable for you. Despite all the ease one of the enemies of your business would be no surveillance over your machinery. Nothing is safe from thieves, especially non-human operated units where they are free to do what they want.
Beware!!
Photo booth is rather safe yet thieves have come up with several techniques to pry out edibles from vending machines. Even so, damage is done to the machinery as well as fake coins which machine is unable to differentiate are a big issue because they can be used for photo booths as well as vending machines.
2- Is renting property going to be your big breakthrough?
Another option, along with its own set of advantages and disadvantages, would be renting out property. Now this comes with a condition if you are willing to invest time and money to build up proper rentable houses or buildings. Generally, buyers go for looks so if your property looks lavish enough to get attention you are good to go. Further it will only need timely maintenance. There aren’t many advantages but if everything goes smoothly the few strong points will make you a lot of money via rental property. Numbers can be confusing and most of us are bad at math but renting out property provides straight income stream. The monthly rent goes directly to your bank account or you can either collect it manually. Physical work is nothing more than just collecting money from tenants. Those aside, if you own a property in an area which is of great value then consider it a jackpot. Property value grows over time depending on how valuable the area is and you get to benefit from it all. However, this is a variable that you cannot depend upon yet it can come off as an advantage in most cases. Other than that if your property is well maintained, repainted over time and well furnished, you can easily increase the rent as per your investment. An eye-catching clean home is a huge attraction to potential tenants plus it rents out quicker and at a better price. Albeit this seems like a perfect option for passive income you might want to consider drawbacks which involve no guarantee of timely payment.
Things to consider:
Yes, some of the tenants might be stingy and cause wearing of your property. You might not always end up with a good tenant who pays their due on time. Furthermore, there is always a risk of getting no tenants and you property might be isolated for long periods before you end up finding a suitable tenant. Property business comes with having a high startup cost and many issues like dealing with real estate market to secure you a better spot. Even then you have to put in your precious time in dealing with paper work, talking out strategies with real estate managers as well as dealing with tenants yourself which can be pretty tiring for one person. Though, you can hire a manager to deal with all the side stuff yet even doing so will reduce all the profits you get.
3- Investment through stocks
Next option is fairly common among a crowd yet they are not aware of the technicalities that come along with it. Investing is stock and commodities might seem a good idea where you just buy a fraction of ownership in a business. This comes with a condition that you will hold share in profit as well as loss. Generally, such companies pay their share holders dividends; that is paying regularly, yet some have other policies such as increasing the fraction of share. For this it is important to look up the dividend policies of the business before investing. There is an ever increasing growth potential regarding capital growth. This is when your share increases over time. Since the stocks and shares go up and down in value you are bound to get paid more in return over time. Even so, if you direct investment in stocks sometimes the company might as well apply your advices and ideas which might give your opinion some value
Beware!!
Now that concludes all the perks you get via stock investment, but so are some disadvantages you might face. There is always a probability of company going bankrupt. If that were to happen your shares will be completely invalid and invaluable. Moreover, if the value of shares were to go down in a time when you want them to rise, this will cause less return than investment. You have to look around for the best deal that they can offer. This will require an expert advice as well as some sharp sense and information. In the end funds management can be a difficult task so it can be troublesome to plan your finances beforehand.
4- Online Business
With advancement of technology, we have a huge number of possibilities available at our disposal which involve less effort or investment yet easy setup for business. Setting up an online business provides simple on spot management. It is an inexpensive setup. The costs of internet, web domain, hosting and design are pretty cheap. With a little investment in SEO, you can direct a huge traffic to your website where as it is quite difficult to do so on person. Executing your business is even fast because an online set up can be put in action in a matter of one or two days. Real business cannot be always open due to multiple reasons but online business is 24 hours 7 days a week available. Your business will have a huge exposure word wide rather than restricted to an area or in the neighborhood of your setup.
Things to consider:
On the other hand with all this ease come some of the disadvantages online business has to offer. You have to make your business stand out in an extremely competitive online market. There are some technical issues which require expertise to deal with. Viruses, internet connection issues, website crashes are some of the factors accountable. Expertise cost is relatively high as well such as SEO experts, writers or designers. People usually hold back from purchasing online because they usually fear fraud as well as non-returnable goods. Even when working online at the ease of your home, there are several distractions where you get into useless browsing. The startup might seem easy as an idea yet it requires huge effort and practical planning phase. The work might be almost equal to running an offline business if not more including micromanagement.
5- Network marketing
Most business associates are familiar with a term known as multi-level marketing, for short MLM. Another well-known terminology for this marketing strategy is “network marketing”. Internet has an ever increasing dispersion which helps you to familiarize your business on a global level. But before considering Network marketing there are certain points that are worth reflecting upon. Once you have a very impressive product out in public they are bound to give you positive feedback. It is done so by consumers who genuinely enjoyed your product or services and willing to take up the job of providing an online advertisement sort of. This way you are bound to sell your product more effectively. This opportunity is for those who have sudden decline in their earning or are jobless. At this point they will do anything that
involves low investment and quick income. If you were to invest in a product via network marketing, you will be paid back as soon as the first products are sold. Suffering a depression in earnings can be harsh to some where their family relation is highly disturbed. Whereas, network marketing is an at-home job you get to spend more time with the family. This is sure to help you develop a healthy life style because you get time to work out a proper routine. Another aspect worth mention is; you don’t have to start from scratch! Yes there are readily available systems that can be utilized to promote or sell products as well as services. This is good for your personal growth if you are unaware of certain technicalities as well as the person who invented the system gets to hone their skills as well as test out new strategies. Dedication and good developing skills is the key. When the customers are happy, you get a good reputation hence, money is sure to come your way.
Things to consider:
Despite all the feasibility it provides, there are probabilities where you don’t get rick via network marketing. This is due to extreme competition hence; hard work is an extreme need. Albeit you put in all your efforts it will certainly take some time to catch up to fellow competitors and develop. So do not expect great results suddenly. Last advice regarding network marketing will be bewaring of scams. For newbie it can be difficult to differentiate between real deal and a scam.
These examples are bound to help out in deciding which business to invest in as well as all the considerations that stand importance. The next chapter holds step number two with more advices, strategies as well as information regarding why it is important to find yourself a good startup mentor and hone your skills.
STEP 2: Find a mentor
Why is it important to get a mentor for your venture?
This chapter will guide you over several important aspects that will take to master the art of passive income. It is highly impossible to learn without going through a phase of trial and error. Now no one can afford to invest in a business having a probability of losing their money. For this, the best option is to find you a mentor. One might feel the need as unnecessary but once you step in the field there will be regrets.
How to find a good mentor
A mentor can be someone who has tried and tested out different theories first-hand and will be able to honestly guide you throughout the entire process. When both of you share the same starting points, your mentor would have gone through the same thing you might be in your current state and their advice will help you pull yourself out from any worse situation you can end up in. Finding a mentor is not an easy task to begin with. You cannot just corner someone successful into mentoring you, there has to be a person who is ready to invest some time in your wellbeing and is readily available. Not everyone you look up to can be a good mentor, some people just don’t have the qualities of a teacher. Mentoring is about you so you have to approach them yourself explaining your situation. It is important to find someone who is like you already in a few aspects, such as goals and the path they took to achieve he certain goal. If you go for someone completely different from you and do not share the same strengths and weaknesses then you’re bound to get stuck. This won’t leave you with anything but misery and hopelessness.
Get yourself inspired!
It is a given you are going to look for a person you look up to or want to be as successful as them. Spending time to evaluate and find a suitable person is the key. To do this you need to have information about the person be it following them on social media reading about their daily lifestyle. Study the person thoroughly before approaching them. Understand that they might have their own set of strengths and weaknesses so your expectations can be set accordingly. Suddenly asking them for favors right off the bat can be annoying or improper. Things need to be executed gradually. Like over a coffee asking for a meeting where you can talk about light topics and keep it simple and brief. This way you can figure out their personality too. Do not make it seem like an interview but a natural conversation you have with your mates. Might as well prepare questions beforehand, yet do not shoot them one after another
because you don’t want the other person to feel even slight discomfort while dealing with you. Once you have hooked yourself a fairly good coach, they will help you out with everything and anything you need to know about your business strategies. This way the learning time greatly shortens as compared to doing all the research alone. A mentor will help you develop skills in a short period of time all due to them being through the process before; their advices will lead you to places you couldn’t reach alone. If you ever were to fall for some technical issue you don’t want to waste days over finding an expert. Multiple meeting explaining them your situation and paying them out to help you out can be time consuming when you have a mentor by your side who is well aware of your situation, even though if they are unable to help you out they will introduce you to someone that might be of use and bring you out of the situation as soon as possible.
Copy them to an extent you feel flawless in your actions
Now that you have decided up of getting a mentor as well as found yourself one, you don’t just let thing go as they are. Working along with a mentor itself requires huge effort. For starters, you have to do what they expect you to do! Yes listen to them carefully and follow their steps. Copy them as it is if you have to.
Strengthen the relation with your mentor
Build a healthy relation with your mentor so they are comfortable around you and vice versa. It is your job to ask. Ask them in a natural and casual way without making stern demands this way your mentor will feel happy in helping you looking at how you are determined to your task. A mentor is not just your teacher but also your friend you can discuss anything and everything with related to your business or troubles. Keep a healthy conversation to get out more of the mentor.
Commitment is the key
Commitment to the process will get you to learn everything you need in a short period of time. Your mentor’s feedback is valuable. With the growing relation between you and your mentor this can be the most significant strategy to grow. Keep a check on it by asking them for feedback, this way you will know where you are wrong or right. Don’t be ashamed of accepting your mistakes. Embrace them, learn from them, and move on ahead to your bigger goal! Another important factor to be accounted while being mentored is being persistent to your goal. Sometimes when you have learned enough the mentor will try to challenge you. At these times most people give up or step back when things get tough. It will surely be challenging at times but it is for the best. Getting through this phase will make you realize later how significant it was for you.
STEP 3: Step up your game! Take massive action in a limited time of 90 days
Next section about mentoring and its implementation will teach you how to make and execute a proper routine dedicated to your personal growth. After considering and implementing all the steps above, it is time to move on to the final and most important step; step three. Your determination is what will lead you to a successful source of income. Not investment, not how good your mentor was and neither how good your sources are. If you are unable to use your resources in a bountiful way then the effort is wasted.
The crucial 90 days
Take massive action for 90 days. So called massive action involves drawing out your priorities. Your hands might seem full with work and starting days you might not have time to take out for yourselves even leaving you exhausted. But this will only benefit you in the future. Once you have decided up on a goal that you wish to achieve, next course of action is to stick by it and plan your strategies accordingly. It is a better option if you write down whatever ideas you come up with over time since your brain cannot assemble everything and have the key points readily available whenever you need them. Even so, sometimes the brightest ideas you come up with are not necessarily when you are on your work desk but when showering, going off for grocery or for some people it happens so in the middle of the night. Keep a note book along with you or even better get a note book app for your phone. Since it’s hard to keep a pen and paper but we have our phones with us all the time. Note down whatever ideas you can come up with in a matter of 90 days and keep them arranged orderly. Make notes and take advices on every idea you think up of, this way you can easily plan and reach your desired goal.
Why 90 days?
It is certainly important to bind yourself by a time limit. The need might seem unnecessary but once you enter the planning phase, there are times when you feel lazy. Especially since it is an at-home job, you are not being bossed around neither you have any deadlines to meet. In fact since you feel so at ease distractions can get the best of you as well. In that case the motivation to get out of bed without being forced can be difficult to find. For this you have to strictly bind yourself. Therefore, having a 90 days limit you have enough time to plan out your entire strategy. You can break down the whole plan to little bits and pieces which area easily achievable over time as compared to stressing yourself. This way you have time to take breaks along where you can relax and have time to refresh. Breaks are essential; to
clear your thoughts once in a while your strategy making can drastically improve. Even so, make sure the breaks are not too long, neither too short. Keep up with giving yourself small rewards for every achievement so as to not exhaust yourself. This is how keeping self imposed deadlines becomes easy too!
Why take massive action?
Every person has a goal they wish to achieve, something they truly desire but they can never get themselves up and work for it. If you wonder why that is so, most people’s opinion would be something like they are afraid to start something new because what if they are unable to finish? This fear is what keeps us away to achieve the lifestyle of our dreams. It is rather easy to make excuses than to actually take an action. You keep telling yourself that it is nothing serious and you will do fine but eventually there is still fear lingering deep down. This fear is what keeps you away from taking a step on initiation right there and right now. The human race has adopted itself to procrastination, and we are too lazy to even bother about it. Whenever you see a successful person what are your first thoughts? I bet it is something like “I wonder what is his secret of success” We all wonder how those people get there and frankly speaking we all well aware of the answer yet all we need to do is just realize it. I would sum up the entire process of taking massive in few necessary steps which will make it all the more clear.
Here the few steps those are worth consideration:
a. Identify your fear
b. Utilize every opportunity –Do not wait for good things to come to you. Go get them!!
c. Make your own path –Comparing yourself to an already successful person when you have just started is fruitless.
d. Step by step mark your success –As mentioned before, divide tasks in small portions that are easy to achieve.
Once you have countered your fears and finally decided to take a leap of faith, you will realize how important it was to take massive action in the first few days starting then and there. Sure it takes a lot of effort and faith in yourself to start something big but as long as you have confidence in yourself, the right mentor and the will to achieve your goals it won’t be long to get to a point where people look up to you for their inspiration.
Immersion, Elimination and Focus
These three words alone might not make as much sense as they will once you understand their significance. Starting off with immersion, literally speaking immersion means deep mental involvement. It must start making sense at this point because it is certainly pretty obvious. Achieving a goal comes with one perquisite that is, intense immersion in your course of action. All you have to do is believe in all the possibilities that you can achieve anything as long as you are determined to your task. There are times you might feel things are falling apart and there is no hope it is then you completely disregard every negative thought and stay focused. This phasing out of negativity is referred to as elimination. Literally speaking, elimination means to get rid of something, whether it is good or bad as long as it is hindering you to achieve your goals you remove it from your thoughts completely. Lastly, the key element for being successful is focus. It all concludes to one thing, if you aren’t focused in your task you cannot expect great results without determinations regardless of your efforts. Keep these three works marked in your notebook and wake up every morning with a feeling that today you WILL get something done. Continue doing this so for as long as you get to your goal and there is nothing that can stop you. All if you believe in yourself, you become unstoppable! You shall certainly achieve the goal you are destined to.
Transformational activities vs. Transactional activities –Know the difference!
For a successful business venture, you need to organize and plan your strategies according to your comfort. There are two different approaches you can have when it comes to adopting a course of action. Those are Transformational activities and Transactional activities. If you are confused about what they refer to then this book explains it too!
Transformational activities:
Transformational activities involve taking a step back, thinking over and back out from a regular routine to strategize for your specific goal. Rapidly advancement in technology has brought several changes in our day to day work. So is the case with running a business or seeking out employment. Due to such advancements in technology you have more options at your disposal than you did before. Even the requirements of running a business in this age and time have increased. For this you need to stay updated while doing so, you have a broader range of choices and a more extreme world-wide competition.
Transactional activities:
This involves a continuation of regular repetitive mechanics to run a business smoothly. Though, it can come off as a boring option and less chances of growth in this ever growing competitive society.
Knowing the difference:
Albeit both are crucial to properly run a business since none of them is mutually exclusive. One needs to integrate and implement those vigilantly all the while taking strategic initiatives. Productivity is wholly determined by the profit generated. By repositioning and re-planning as well as integrating new ideas you can determine a perfect suitable business strategy to generate great profits. If you can differentiate as well as execute proper transformational as well as transactional activities, you can keep motivated and strengthen your business to be more productive. Your goal will become definitely easier to achieve!
Implement, Implement, Implement!
As for further course of action, it is time for performing the action that you have planned out. As you have differentiated between transformational as well as transactional activities and how they are equally important yet adopting more of transformational activities will prove to be highly beneficial. It is bound to move you closer to your goal since your business will grow more and more adopting new ideas and current trending.
Why network marketing model is ideal
Now that you have in-depth inside of several options available for passive income it is time to decide up on the perfect and most suited option for yourself. According to my expertise the easiest and well earning option with least investment will be Network marketing model. For this purpose you have to consider several factors such as:
a. Profits
b. Feasibility
c. Learning time span
d. Planning phase and execution technicalities
Profits:
Starting off with the profits, network marketing as I have mentioned earlier have very low initial capital investment. So you can start up your business easily with as little investment and earn profits which will definitely be greater.
Feasibility:
With the ever-growing cyber world network marketing is the best option. You have everything available within the comfort of your home. Even the mentor is readily available via internet. You don’t have to physically be there or get in suit to work.
Learning time span:
As for most business start-ups, you need to have full insights of everything before stepping in. Where as in this case, you basically learn while you earn! The learning time span is greatly reduced and you are not going to go through an initial phase of being broke before your business actually picks up.
Planning phase and execution technicalities:
As for network marketing another ease provided for a newbie is that you don’t have to do all the technical work yourself and neither do you have to hire an expert to do your job. Strategies and programs have already been mapped out for you and are available online. Your entire job is to go through them and work out your way.
Your job being in network marketing is to educate people. You basically explain and educate your clients and make them understand your product or services. A happy and satisfied customer is sure to make your business double in profits. So remember, the more effort you put in the more fruit you get.
Why multi-level marketing got a bad name?
The multi-network marketing is ever-growing and multiplying with passing time. Once your business gets its momentum it is sure to replace a previously used form of network marketing. It is common perspective that if you are determined to your goal and follow the right path you are sure to achieve success. However, it is also widely spread rumor that multi-network marketing is more of a game of chance. Where your sales or growth depends on the people and their preference so if you cannot come up with better endorsing techniques or a good reputable product you will have to suffer losses. As an MLM can be established without states approval there are no specific laws against schemes. Even if the consumers have bought something from a fraudulent site their chances or tracking down a business or getting legal action taken against them have little chances given the method itself is too lengthy. Hence, very less people are inclined to go for MLM endorsed products. If you were to invest in an MLM you are not sure whether the investment will do you justice or will you end up with a loss. Truth being, a huge number of people who have invested in MLM have been reported as a loss for them. Even so consumers are more attracted to buy products one-to-one where they can bargain accordingly. Though, in some cultures MLM has gained immense interest by the audience. Another hoax that has been running around is you can do MLM in your free time. This is not so, even if you have to do everything by your home there are still times when you want your business to grow on a bigger scale. Therefore, you have to put in a lot of effort nevertheless.
Famous endorsers of Network marketing
Now, despite all the commotion there are some of the world’s richest men who have adopted MLM and they are sure making a fortune out of it. If we consider what they have to say we might get a good idea of what to do in life.
Richard Branson:
“You don’t learn to walk by following rules. You learn by doing, and by falling over.”
Warren Buffet:
“Never depend on single income, make investment to create a second source.”
Donald Trump:
“I am often asked if network marketing is a pyramid scheme. My reply is that corporations really are pyramid schemed. A corporation has only one person at the top, generally the CEO and everyone else below.
Conclusion:
MLM is a highly beneficial program and offers very low initial investment cost. This is why it is gaining immense popularity as compared to any other form of marketing.
As cited by The New Economy – Corporate jobs are no longer “safe” this means that people are getting retrenched all over the world. Even if they find a proper employment, those who are still in their jobs have to compete, overcome work politics and work longer hours. In the end MLM is here to stay. Which means it won’t be long before proper actions are taken against its promotion all over the world.