On of best ways to become financially free is to have residual income coming in from several sources.
Perhaps easier said then done. You hear it all time, "I can't afford to join a whole bunch of companies now" or "It's to hard to promote several companies at once".
Remember old riddle about how do you eat an elephant. You know answer, "one bite at a time."
Lets use one bite at a time principle to create multiple streams of residual income. We will use network marketing companies to do so.
Residual income is income that you create once, and then it keeps coming to you on a regular basis. It is a way you can leverage your time and investment. You work to build income, which takes marketing time. It may take a monetary investment, depending on whether you are using free or paid marketing methods.
Here we are defining network marketing companies as those programs that have a monthly cost on which they pay a monthly commission. It is this monthly commission that will provide you with long term residual income.
Affiliate programs are not same. They are usually a one time sale. Some do offer multiple products, but you cannot count on continued sales for residual income.
This is not to say that you can't make money with affiliate programs. You can make money with them. They just don't fit real well with one bite at a time principle.
Most network marketing companies pay their highest percents on lower levels, like levels five and lower. They pay quite low percents on levels one and two. They justify this by saying you have very few members on level one and two and a great many (eventually) on lower levels, so their program is maximizing your income. That might well be true, but only after you have built a very large organization. That could take months or years.
Other network marketing companies pay a high percentage on level one or two. Their philosophy is to help you get a decent check fairly soon. A few pay around 33% of selling price on level one. If you receive 33% for everyone on your first level you will be breaking even with just three members on your first level.
These are hard to find, however they are out there. Check out company as best you can. Check if product or service has real value. If it looks good, then join it. Your goal is to recruit enough members so that you are breaking even.