Building a Residual Income
Most online marketers always focus on the short term income they make or they can make when a real successful entrepreneur look at the long term possibilities or in other word at the big picture. Building a residual income is what makes you able to quit your job so let's examine this a little closer.
The principal of building residual income is to build a very strong team and be able to enjoy the residual income from your group for a very long time. So the idea is to work once and get paid for the rest of your existence.
IF you make money or not now is irrelevant, looking for long term security is the goal. Build a residual income of $30,000 + a month. Find a way to achieve that. Think about this, that is $360,000 a year, can you survive on that salary when you retire!!
So at first, that may mean closing sales for your members or customers. That may mean holding hands a little bit at first but keep thinking of the big picture. Once they hear you make a few sales for them, they will thrive by themselves later.
The one thing you must keep in mind is in order to be able to build a team that will provide you with long term residual income is you must become a leader, a mentor for your team. Learn the skills and become a great leader for your people.
Only the most persistent and consistent online business owners makes it in the online business industry, it may take a few tries to be successful but if you stick to your guns and refuse to fail, in the end, you will be a 6 figure income earner and do what you like, when you want no matter cost is.