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SpinDistribute.com Article Directory

The following article was published in our article directory on September 11, 2012.
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Three Fundamental Tips and Tricks to Creating Residual Income in Network Marketing

Article Category: Marketing

Author Name: Ernest Myles

Building a residual income in network marketing business is nothing short of an adventure. It will require a lot of effort, bring disappointments, demands a ton of planning, and joyous successes along the way. It's never like a fairytale even though the success-stories about it seem like so. Plenty of people will fail but those who make smart choices are bound to succeed. Here are some of the best practices that will help people make smart decisions as they build up their business enterprises.

Tip Number 1 – Expect the Rough Climb

Establishing a business endeavor and making it grow is always a rough climb up. The startup is always rough since success is not served on a silver platter. In the case of network marketing, many have observed that it is always a lot harder to build the very first $1,000 a month earnings than it is to make your next $10,000 a month in residual income.

Realizing this fact is crucial for any networking business to thrive in this industry. If people are thinking it is always a piece of cake then they are setting the wrong expectations for themselves and the people they are bringing into the business. This is an important point in building a residual income in a network marketing business.

Tip Number 2 – Time is Money

Just like in other industries, time spent on this business is equivalent to money. However, the good news is that the dynamics of time and earnings in network marketing is different compared to any traditional business model. In small businesses as well as in working hard for a living, each person will be compensated with an equivalent amount for the time spent working.

This time and effort dynamic simply translates to trading off dollars for time spent. Another term that can be used to describe that is a linear income. The good news is that if people spend a good amount of time in the beginning, the business eventually will not require so much time of you later on and will still become profitable. It is estimated that two to three years of focus and hard work is required in order to establish a networking business that produces a residual income.

Tip Number 3 – Change Your Outlook about the MLM industry

Even though it is true that hard work as well as working smart is the name of the game in this industry it doesn't mean that people should live and breathe network marketing day in and day out. If that were so then this industry is no different from a nine-to-five job. People will burn out eventually.

The secret here is to learn how to manage your time. Spend time on this business but remember to be holistic – don't spend 24 hours building the business, spend time with the family and have time for leisure.

Another important thing is to take time to enjoy the fruits of the business. Spend part of the money earned on vacations or on things that are needed and let these rewards motivate you to come back to your business and work even harder. Remember that building a thriving residual income in a network marketing business is a part of life and should never be the center of one's existence.

Keywords: Building a profitable Network Marketing Business

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