Passive Income Via Network Marketing
- Date: 2010-08-07 - Word Count: 348
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Do you know what passive income is? Passive income is the best type of income to earn. Why is this? This is simply because of the fact that passive income requires little to no effort for generation. Passive income is usually the result of an investment you make that is for the long term. Examples of passive income are royalties from patents, rent from leased property, pension for retirees and dividends/interest from stock or bond investments. As you can see, these types of income don't require you to do much action. Of course, most of the time, the amount of your passive income isn't enough to sustain you fully. Thankfully, there is a type of business and marketing structure that allows you to have both passive and active income. This scheme is called multi-level marketing (MLM) or networking marketing.
Networking marketing allows people to earn both actively and passively. The set-up is simple. A networking marketing group helps you in starting a business. They provide you resources and products to sell. From this selling, you get your active income. But there is another level to this scheme. In a networking marketing set-up, you may also refer new members. Once you refer a new member, every time he or she profits, you also get a fractional profit. This way, you can earn both actively and passively. In this type of set-up, of course, you should strive more to sell and earn an active income. Active income is more substantial. You should only consider you passive income as a bonus.
If you find a networking marketing set-up that fully relies on referrals, be wary. Most likely, this is nothing but a pyramid scam. Passive income from pyramid scams is from the fees people are required to pay upon joining the network. These funds are basically non-consumable. Avoid joining these types of set-ups. Only join networking marketing groups that encourage selling more than referring. That is best way to tell which networking marketing group is legitimate and which is not. Invest wisely and don't be fooled by promises of instant and effortless income.
Networking marketing allows people to earn both actively and passively. The set-up is simple. A networking marketing group helps you in starting a business. They provide you resources and products to sell. From this selling, you get your active income. But there is another level to this scheme. In a networking marketing set-up, you may also refer new members. Once you refer a new member, every time he or she profits, you also get a fractional profit. This way, you can earn both actively and passively. In this type of set-up, of course, you should strive more to sell and earn an active income. Active income is more substantial. You should only consider you passive income as a bonus.
If you find a networking marketing set-up that fully relies on referrals, be wary. Most likely, this is nothing but a pyramid scam. Passive income from pyramid scams is from the fees people are required to pay upon joining the network. These funds are basically non-consumable. Avoid joining these types of set-ups. Only join networking marketing groups that encourage selling more than referring. That is best way to tell which networking marketing group is legitimate and which is not. Invest wisely and don't be fooled by promises of instant and effortless income.
Related Tags: passive income, networking marketing, active income, income via network
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