Step Two: Multiple Streams of Income (Including Residual Income)

Here’s the truth of the matter: you aren’t going to get rich on just one stream of income. You might be able to make ‘decent’ money, or even something in the low six-figures in exceptional cases – but, that’s not what you want, right?

You want to go for the big money. There’s absolutely no reason why shouldn’t, either, since this system puts the serious income within your reach.

So, rather than sticking to just one MLM program, you need run your marketing system on multiple programs, for multiple streams of income.

Here’s why….

There will always be limitations inherent in any program – in terms of both income and longevity.

A solid company isn’t likely to go under out of the blue, but you still don’t want to depend on it as your sole source of income. What would you do if it disappeared?

Consider the cap on your earning with one company as well. Sure, maybe its a great company and your income “ceiling” is something fantastic, like $50,000 per month – but, why stay stuck at fifty-grand a month, if you could just as easily earn one-hundred grand? That’s a $600,000 per year difference in income!

Another thing you want to throw into the mix is residual/passive income.

The idea of residual income entered the mainstream primarily through the real estate industry. When you own several homes, for example, you can turn around and rent them out to generate a ‘guaranteed’ monthly income.

In the world of MLM and affiliate marketing, this concept is played out through memberships and subscriptions.

For example, let’s say you find a “buyer’s club” that’s run as an MLM. Members of the ‘buyer’s club’ get access to products at wholesale prices as long as they pay their monthly membership fee.

If you earn a commission on this monthly fee, then you’re getting a ‘guaranteed’ amount of income each month from that referral, for as long as that referral remains a paying customer.

Or, let’s say you find a subscription-based ‘book club’ MLM program. Maybe there are 3 different levels of subscriptions, each with different price points, and they auto-renew every 6 months.

Again, you’d have a residual commission for each subscription level.

It doesn’t matter whether you’re getting paid monthly or quarterly or yearly. If its residual/passive income, then it is income you’ve earned by making the referral just once. You do the work once, and get paid for it over and over again.

If you truly want to get rich in MLM, then you need these multiple-streams of income, and you need to have some passive/residual streams included. Doing so gives you more power and more leverage over the long haul.