This article aims to explain the importance of building residual income and also explain the need for people to take advantage of the network marketing business model if their dreams are to gain time and financial freedom. So even if you currently have a job or business, you need to pay attention to network marketing to build residual or passive income over time.

The most common way people define residual income is “income earned while you sleep.” Is it really possible to earn income while sleeping all the time? This may sound strange to some people, but yes, it is possible.

The importance of residual income in a man’s life is expressed in the statement of billionaire investor Warren Buffet, in which he stated that “if you don’t find a way to make money while you sleep, you will work until you die.” .

Residual income is a concept that many ignore without understanding that their future well-being depends on it. And with what result? With dire consequences.

By going to work every working day and receiving a salary at the end of the month, you are simply trading time for money. Your salary is not residual. If your job stops, your income stops automatically.

Let me explain residual income with the following example.

Imagine two men in a town. They both have to walk a mile every day to a river to get water for their families. After a month, a man begins work on building an underground pipeline to connect the river to his house. For a whole year, he expends extra energy working on his pipeline. When he finishes, he has the water source directly to his house, while the other person continues to visit the river.

Residual income is like building a pipe to connect water from the source to your house so you don’t always have to go to the river.

In that short example, you’ll notice that it took some time to build the pipeline. But having done that, the man continued to enjoy the water supply effortlessly.

However, the second man who did not take the same initiative had to continue visiting the river for his water supply. What will happen if it goes bad? He and his family will run out of water and suffer its consequences.

There are many business initiatives that you can take advantage of in your effort to build residual income. But I do recommend network marketing, or MLM as some would like to call it, due to the fact that it doesn’t require a ton of investment capital to get established.

Much has been said about network marketing by various network marketing professionals, but many still feign ignorance about it.

The reasons why people will NOT take a look at network marketing are NOT:

• because they don’t have the money.

• because the opportunity or business is not good.

• because they are worried about being scammed.

• because the profit margins are not high enough.

• because the demand for the product is not wide enough.

• because they need to ask their spouses first.

• because they need a night to sleep in it.

• because they need more time to research the company.

• because they need to contact you by phone to join.

• because they have to ask other people on Facebook to see if you are a good sponsor.

• because they need to see your bank account to prove the results.

• because they don’t believe in it.

The real reason they don’t join the network marketing business opportunity is that they have been conditioned by society to be consumers of goods and not producers.

They have been conditioned to buy “education” but not to buy knowledge.

They have been conditioned to have a “job” but not to have a “business”.

They have been conditioned to be workers but not to be their own boss.

. They are non-thinkers rather than entrepreneurs.

They are intimidated by anything that challenges them.

That’s what it’s really about. These are people who are so afraid to learn and to step out of their comfort zone and be paralyzed by their fears.

It’s about being comfortable and caring about what others might think. It’s about their family thinking they are FAILURES if they do anything besides have a JOB.

If you are currently working, understand that you are only trading your time and effort for the paycheck you receive at the end of the month. That’s fine though, but by going to work every day, you’re not generating residual income, which is the pipe that will allow you to get your water supply without having to go to the river.

In view of what has been outlined above, what should you be thinking of doing now? Get on with your work, but along with your work, approach a network marketing professional to set up a network marketing business that you should be doing part time. The small part-time effort you put into the business will soon produce a significant result.