MLM Downline and Why MLM Success Is Tied To Income
Each person has their own idea of wealth.Some might say being rich is when you can go out to eat. Others might say it’s when it’s a certain amount in the back ($1 million).There are still others who feel wealthy when they’re able to manage all their expenses with a steady monthly income.
This means your monthly income has a major role to play in this. Some might only need $2k/month where others would need $4k/month. It sure would be nice to have that new car you were eyeing or pay off your home loan.
So if you have a monthly need of $4k/month and you had $500,000 saved up, how long would it take to run out of money if the money is getting 0% return?My calculation shows your savings will be fully used up in just ten and a half years.
If you were to calculate what you would need to live, take care of your kids wedding/college/living, and emergency money then it’s going to be more than $4k/month for most people. Even if you were to put the $500,000 in a 3% interest bearing account that really won’t help you.
If you need this kind of income, you’d need income flowing in even when you’re not doing regular work. I’m not talking about the vacation you get for 2-6 weeks. If you were to take 6 months off and not dip into your savings/college/emergency fund then in my opinion you are rich. This is possible IF you had a healthy MLM Downline pulling you some serious residual income.
The monthly amount could also vary from region as in Texas you can get a very nice house for $200k where in the West/East coast homes would easily be 2x that. This means you can’t manage with the fixed residual income you get every month. The same goes for any MLM Opportunity as all are not created equal so don’t get fixated on the advertised income claims.
Take my case; I’m working with a million dollar project team. After the project goes into production, the estimate profits for the part should be 100x to 200x over the following 10 years. Now if I could only get a residual payment for everytime my design was used… ;( But then, the truth is, neither the design’s mine nor the company. These are situations when having your own business beats working for someone else.No matter how awesome your product that you help invent you will not get the residual income form it vs when you own the company. However, marketing multilevel companies, don’t just aim at your friends or relatives.
Just make the right moves and make money again and again. Isn’t this a great concept? All you need to do is set up a system to tap MLM leads and get to know how to manage your downline in order to take you to new levels and make you just what you want to be; Rich!