ABCIncome.com - MLM For 6 And 7 Figure Earners

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MLM For 6 And 7 Figure Earners

This article ends where the last, “The Power Of Residual Income!,” left off.

That article explained that ABCIncome.com by design attracts a large number of professional, successful, people, including 6- and 7-figure earners, many of whom are already in business for themselves.

It mentioned that many people who own a traditional business are also drawn to MLM because it offers advantages that even some of the most attractive traditional business can’t -- namely low risk combined with the potential for very high income, and RESIDUAL income, something that many owners of traditional businesses do not have.

And that just because someone earns a high income, doesn’t mean that they have the freedom, job security, or retirement savings that they would like to have.

You can read the complete article here if you like:

http://www.abcincome.com/the-power-of-residual-income.html

However, a key point was about one of the most powerful things that residual income can do for you: Which is that it can give you many of the exact same benefits of being far wealthier than you are, or even the same benefits of being wealthy, far sooner than the average person might achieve them otherwise.

For instance, if you have the right opportunity, tools, information, and training, there is no reason why you can’t build a MLM residual income to replace your current income within a fairly short period of time, maybe even within a year or two. And many do it in less time…

But regardless of how much you currently earn, and regardless of how financially savvy you already are, here is one of the most attractive benefits that MLM can offer you that few other opportunities can in the same way, and that is the ability to achieve dramatic exponential returns on the time and money that you invest, as opposed to the linear straight-line results that you may be getting now.

This exponential growth component of MLM easily surpasses the more basic concept of, “duplication,” that is also considered to be a key tool for achieving wealth.

Other than investing, most people ultimately become wealthy by duplicating their efforts, either directly, such as when an author writes a book which sells many copies, or indirectly, such as when a business owner hires employees to allow more work to be done (thus earning more profit, hopefully) than it would be possible to generate by oneself.

Either way, traditional forms of duplication often involve substantial cost, hassle, and risk. For instance if you write a book there is no guarantee that it will sell, and the same applies to most products and services. If you decide to hire employees there is no guarantee that you will find the people you need at the wage you are willing to pay. And once you have employees you will almost surely have management and other issues and headaches to deal with.

And, even if profitable, the above methods do not usually result in exponential growth. A traditional business may indeed grow very rapidly, if you're lucky, but rarely does a traditional business grow exponentially. One of the reasons is that with a traditional business model your expenses usually grow somewhat in proportion to your business's growth in general.

For instance if you write a book you will usually have more expense involved in selling 10,000 than to sell 10. If you have more than one business location you will almost always incur more overhead to build or lease 10 locations than you would to have only 1 location. If you have 100 employees you cannot avoid incurring more expense and management hassles than if you had fewer employees. All of these things are examples of duplication, but they are NOT examples of the financial and time benefits of exponential growth and residual income.

Most high income earners have a general concept of the idea of working smarter rather than harder, but is that really what happens?

The average high income earner, whether an executive, a business owner, or a doctor or attorney, probably still works pretty hard. We often hear stories of how parents and grandparents or even family members still alive and with us today worked hard at some job that involves manual labor. But, when you really stop to think about it, is there that much difference between a coal minor working long hard days, and a white collar worker also working long hard days, except for the manual nature of it? Both are largely tied to the grind, so to speak. And, more importantly, both are LINEAR ways to earn money, meaning that both the laborer and the white collar worker are still just trading time for dollars, regardless of how hard they might work.

In contrast, the ultimate in working smarter rather than harder is when you are able to achieve exponential growth and residual income! In other words, your efforts allow you to earn a greater and greater income, while the effort required to produce that income continues to become less and less.

Even executives with the best jobs usually can't say the same. They might increase their earnings and perks as they advance in their career, but a successful executive at the top is likely to still be putting in the same grinding hours as someone much lower on the scale. And that same successful executive is likely to have to keep up that grinding pace throughout most of his or her career.

Of course, there are always investments, but they rarely outperform the growth rate of a “successful” MLM business. Investments can indeed achieve exponential growth via the magic of compound interest. But, as the old saying goes, it takes money to make money (and substantial amounts are often necessary to achieve one’s goals, which usually also involves some risk) in order to achieve growth rates that pale in comparison to a successful MLM.

Wise investing should absolutely be a part of everyone's financial strategy, including the successful network marketer's. But, as almost any financial planner will tell you, that's usually a long term vehicle. You start investing today to have enough later, usually much later, for retirement. In contrast, many people successfully use MLM to build an income sufficient to retire on within only a few short years.

Another way that high income earners and business owners try to achieve the above kinds of goals are by selling their businesses or property. But first, at least in many cases, there's no guarantee that you will be able to sell when you want to, for the price that you would like to get. Ask around and you'll run into lots of business owners who've been planning, or actually trying, to sell their business for years, but it just hasn't worked out.

Even if you successfully manage your investments and/or grow a successful traditional business or career, and when the time comes you actually have enough to retire on, remember that you probably did it by working on a pretty much linear basis for a very long time, maybe to age 65 or beyond.

If you do manage to successfully sell your business or create a sufficient retirement income by age 65, great, you're doing better than 95 percent of the population. But how does that compare with someone who spent far less time, and money, and incurred far fewer hassles, to build a successful MLM and accomplish the same thing in only a matter of a few short years?

Which would you rather choose, work just as hard until age 65, or build a successful MLM and create a realistic opportunity for yourself to achieve the same goals within a few short years from now?

You probably won't want to quit what you're doing just yet. But then again that's the beauty of MLM. If done right it's something that you can do in your spare time, starting with a relatively small investment that's usually tiny in comparison to almost every other alternative.

As your MLM business grows you enjoy the exponential growth and income of the efforts of all of those people in your organization doing exactly the same thing that you are doing, but with their money and not yours! Unlike a traditional business, even though your income is growing exponentially your expenditures likely ARE NOT! You can earn an ever increasing income without having to continually spend more and more money. And unlike a traditional career, even a high paying one, you are earning more income WITHOUT having to expend more effort!

Not to pick on any one category of high income earners more than another, but one of the best examples of high income earners who are still largely bound by the limitations of linear income are doctors. Of course, doctors can hire office staff and assistants and thereby achieve some additional duplication and freedom in time and scheduling. But the bottom line for most doctors is still that, no matter how hard they work, they still earn a linear income, meaning they trade time for dollars. If a doctor, or any other high earning professional, doesn't work, they don't earn the high income.

How many other opportunities are there besides MLM where a 25 year old kid can earn more money and have a higher net worth than a typical doctor (a true story, by the way)? Or, where a doctor, regardless of age, can be in a position to retire when his or her colleagues still have to work just as hard as ever to bring home those big paychecks?

Another huge benefit of MLM that's just one more area in which it often outperforms traditional career and business opportunities: Not only are MLM businesses usually less susceptible to downturns in the economy, but, your MLM business has a very good chance of actually growing EVEN FASTER during times when the economy is bad!

That's because when the economy is down, and wages are low, and layoffs, firings, and downsizing are all the rage, is exactly the time that more people (at all levels) start thinking about a home business to either supplement or replace their current income! How's that for job security!

So, what are you waiting for? Remember that one of the truly awesome features of MLM is its low entry and startup cost. Especially if you are a high income earner you have everything to gain and literally nothing to lose, or at least your startup cost will likely be so small as to be insignificant.

What other investments can you make that will bring you these kinds of advantages? How much money do they require, and what are the risks? Can you really afford not to give MLM a try if it's only going to cost you tens, hundreds, or maybe a thousand dollars or so to find out?

I’ll let you be the judge :)

I hope that you enjoyed this article... Also, if you have not already done so, please read the information that you'll find at the link below:

To Your Success!

Phil Covington
Founder of ABCIncome.com