In most businesses, Passive Residual Income is a fantasy. Especially most home based businesses and network marketing companies. Even property and casualty insurance agents are struggling to build passive residual income these days. The real truth about passive residual income is that there are very few businesses that allow you to build it anymore.
“As far as normal day to day purchases go, consumers are more price loyal than ever before because they have to be.”
As far as normal day to day purchases go, consumers are more price loyal than ever before because they have to be. Prices for everything continue to go up (thanks to our asshole politicians for printing so much funny money) and average household incomes are not keeping pace. This means people have to settle for less stuff or they have to buy stuff that costs less money. They can either go without or abandon their favorite brand in favor of a lower priced competitor.
There’s not much a business can do about that, except maybe lower the quality of their product, which most of them have done. The problem with lowering quality is that it erodes customer loyalty even further…
“…the overwhelming majority of their income is from new people joining the business, not from ongoing product sales.”
Anyways, in the home based business, direct sales, network marketing or multi level marketing world there never really was such a thing as residual income. Most of the big money earners in the MLM world have admitted that the overwhelming majority of their income is from new people joining the business, not from ongoing product sales.
That means there’s not really any residual income. As soon as those people stop producing their income starts to collapse. Hell, even Dave Wood is pounding the phones to get his own company back to it’s former glory!
We all know why that is though, don’t we? How many times have you bought a product from an MLM company because it was worth it’s price? Probably never. How many products are you currently buying from an MLM company that you are not a distributor for? Probably none.
“Nobody buys the product because they really want it… only so they can get rich.”
Nobody buys the product because they really want it, only because they have to buy it so their downline will buy it, only so they can get rich. Which really doesn’t matter as their downline will quit in a month or 3 anyways… but I digress.
My point is, there are no real customers in network marketing, much less life long customers. If you want to create residual income you have to create lifelong customers and you can’t do that in network marketing. The products are expensive, which is the last thing consumers want right now.
“There is however, one company selling something that appeals to consumers given todays economic circumstances: Dubli gives people cash back for shopping online.”
There is however, one company selling something that appeals to consumers given todays economic circumstances: Dubli gives people cash back for shopping online. Ask yourself this question, if a company is giving someone money, is that person likely to quit using that company’s service? I don’t think so either.
That’s why I and will continue to be focused on building a team AND a massive customer base with Dubli. If you want to find out how you can do the same for yourself just go to this page and opt in to my list for access to a video summary of how the company works and free beta access to a course I created teaching people how to make money through the internet. Depending on when you find this page, I may also be offering free coaching sessions, so click here to check it out now.