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As this related to leveraged income, imagine that in addition to you working on
assembly line, you could train others to do same work and make a percentage of each person’s income that you trained?
For example, you work assembly line and earn $1000 each month. What if you could earn 10% of income for each person you trained to do same assembly-line work? You would do work (training) one time and be paid over and over again (residual income that is leveraged via other people's work).
Suppose you trained ten new people each month, for three months. Your monthly income would begin to look like this:
1st month: You make $1000 and each of ten people you train earn $1000. In addition, you earn 10% of their monthly income (10% of $1000 = $100 x 10 people = $1000 + your $1000 = $2000 total).
2nd month: You still make your $1000, but now you have 20 people who each make $1000. Your income is thus: 10% of $1000 = $100 x 20 people = $2000 + your $1000 = $3000 total).
3rd month: You still make your $1000, but now you have 30 people who each make $1000. Your income is thus: 10% of $1000 = $100 x 30 people = $3000 + your $1000 = $4000 total).
But wait! In your third month, 10 of thirty that you trained each trained 5 more people. Another part of your business agreement said that you would receive 5% of income of anyone that was trained by someone you trained. So, you have 50 more people each earning $1000, and you earn 5% of that --> 5% of $1000 = $50 x 50 people = $2500 + your month 3 total of $4000 = $6500 total in month 3!
This is beauty of leveraged and residual income! By your one act of training someone to do work, you will get paid over and over again from their efforts, and again if they train someone else to do work!
Jeremy M. Hoover makes residual income from his site, http://hoovermarketing.info/leads.htm . Get a free affiliate marketing course at http://hoovermarketing.info/amg/introduction.htm .
