Ever thought about a way to keep earning money and doing nothing? It’s a brilliant idea! Yes, indeed. Everybody wants to keep earning and keeping on making money, without any work. It may be a fantasy for some, while others might see it as attainable. It is possible. But it takes intelligence and smart work. It also requires experience and knowledge.
Today’s topic is passive income and wealth creation. You can earn passive or active income. You must continue working as a 9-5 employee to earn active income. You will not get your paychecks if you become unemployed or lose your job. There is no work, there’s no pay. This is it. However, passive income is not dependent on you going to work every day for six to eight hours.
How can you have money that comes in continuously and is abundant, while still being at home having fun and enjoying your family? This type of income can only be achieved by building assets and wealth such as:
- Buy a home, shop/mall or plaza. You can rent it out. Each month you will receive a substantial amount of rent money.
- Establish a beauty salon or a wellness club. You will need to hire professionals to oversee it. The team you hire will be hardworking and make money for your company.
- Writing talent is a must if you want to make money. As long as your book remains in print, the royalties will continue to be earned. Amazon offers a free publishing service that allows you to upload your book online.
These are just a few ways to earn passive income. The idea of setting up a beauty salon, gym or wellness club on a piece of property requires significant capital. A great writer is required to write a book. All of us are not capable of writing and investing. All three of these ideas may not be possible for all people. What are the best ways to build wealth and earn passive income?
A direct sales and network marketing company is an easy and feasible way to create wealth and assets and passive income.
Let’s start by giving you an idea of what Direct Sales is and Network Marketing businesses are.
An individual distributor is a direct sales company that sells products directly. The company has approved shop/dealers to manage the business. They do not sell their products in retail shops and other common outlets. The company’s products and services will not be advertised in any media. To purchase their products, you must become a distributor. It is also known as a direct sales company.
This distributor will introduce you to the company and act as a sponsor for your membership. The distributor introduces you the product and then you become part of their ‘downline’. By sponsoring others, an authorized distributor can expand his/her reach to thousands. You can also become an authorized distributor by joining a company sponsored by one. You can invite others to purchase products from the company and also join them. You and your company will both benefit from a larger network. A network consisting of three people will eventually grow to three. This will allow you to all grow. Every distributor gets a cut of all sales made by their ‘downline’, and he/she will make his/her profit. It is also known as a network marketing business. All the companies that fall under this classification work in both network marketing and direct sales.
Do your research on the Network Marketing companies within your area/country before you apply to such a company. These questions should be answered first.
- How do you choose which field is most appealing to you and what’s the most practical? As there are also the areas of electronics, fashion accessories and food, as well as health and food.
- What time do you have available for this, such as a couple of hours a day or weekend?
- How do you achieve success in this field?
- How can you improve on the talents and attributes you already have to aid you with your work?
- How excited are you about the products that you want and need?
- Can the products be interesting enough to convince people to try them?
- What is the time it takes to earn a living? A few months, or more?
- What compensation strategy does your employer have? What is the monthly salary?
Make sure you read the regulations and rules of any company that you are interested in joining. For the prevention of misconduct or breaching rules, this is vital.
21st century has been called the century for direct sales and network marketing. This business doesn’t require a degree in business administration, large investments, or hiring office space. The only requirements are determination, the will to succeed, an insatiable desire to have your own business and to make it profitable, as well as a willingness to take on new challenges and learn. Training provided by Network Marketing and Direct Sales companies is not free. You will learn how to become a distributor, and build a network.
There are hundreds upon hundreds of network marketing and direct sales companies around the globe. There are many companies that work on both a national and international scale. This allows anyone of any faith, colour, religion or nationality to get involved. It is a great source of passive income, and wealth-building. While the beginning years may be challenging, there is no reason to stop working. The money will come to you.
Join a Direct Sales and Network Marketing firm in your local area to make passive income.