Compound Residual Income – The How To’s of keeping money in your pockets!!!
BY: Lyndal Spirit
Draft Edition:
Many of us heard the term residual income, many of us take that as making money while sleeping or playing. We also have all to often heard the term 30 day renewable and take that as something that has to be replenished every thirty days or so!!! Both terms are powerful If use correctly, but one we hear and really never pay attention to unless we are buying something that has to do with credit is compound!!!
Now, many millionaires tell you how to make money, all the systems out there do work in fact! I have nothing bad to say about any of them, but here is something the do not tell you in many seminars and money making systems. Compound, Residual Income!!! Hear that one again, COMPOUND< RISIDUAL, INCOME!!! Like the feel of that don’t you?
Ok so let’s jump right in because I do not want to write another book here, but you know it’s coming right? So…
Residual means making money no matter what you are doing, Income means money, but this compound word…. What’s up with that? Well let me tell you, Think about if you ever work or hear of a MLS ( Multi Level Marketing System) Many companies started off as a MLS, The Most popular is?…. right Citi Bank! You’re good!!! Prime America was one of the many ways used to create the needed funding and footing to set CITI bank at the top! The last time I checked CITI bank had over a billion dollars as back up funding that means just sitting in a bank doing nothing, just in case they needed it! Boy would you like to be them? I would… well here is how it was done.
I am going to use MLS as a example here because the system is in fact the same as many millionaire use, We just add our own CLIQUE to it.
The system is based upon you getting involved for a price, and bringing others to the income generating system for a price. All this is being told to you as Residual Income! infact most systems will drill that word into your head! Well now honestly all these systems do work, there are very few systems design that are scams or illegal, to much money to be made legally!!! You can thank Amway for setting the Standards and being the one company that the federal Government used to help create laws and guidelines for any MLS system. It was Amway that help during the whole process!!!
So why don’t you make the money the owners of these companies make? Well it’s very easy, they did not tell you the other word Compound. So you are working from the 1+1 =2 well they are working from 1+1=4! What?! Four, how did you get that?!
Hehehe!!! Well that is the power of compound, you sign up and bring in one friend, that’s two people paid in, you most cases have a rush or better known as a 30 days, also the products are gear in many cases for that 30 days. So you two people in the next week need to bring in two more people, that’s the four, and the next week two more people that’s 8 new people for the company and two for you!!! Hahaha!!! Starting to see it now aren’t ya?
Let me show you another form of this math that is so valuable to your success in your own business! Compound Sales! OMG!!! What did you say?!!! COMPOUND SALES!!!
We all have sales to hopefully generate new leads, new clients, and more income if the real bottom line here right. So for the term of the sale we get new Clients, new revenue and we do good for that sale, but now a new sale has to be created because it money runs out or the business must grow! Many Businesses use a very outdated and painfully destructive method of keeping in business, Well today is a new day and you have to think in terms of taking on the new challenges of business. Many businesses in my area closed this year, not because of competition, not because of mis-marketing, not even because of someone’s greed…. Nope the killer was compound income. They had sales, equal or better products, but I was so blessed to hang out with Russ Whitney and I literally hung on every word this man told me for year!!!, now understand I was one of the few to see the fact if it worked in real estate, why not cars, if it worked on cars why not businesses, if it worked on that then why not apply it to my life!
Russ Whitney is one of the Few Multi Millionaires I have ever heard say two things! Don’t get into one business, but several that will generate small amounts that add up, the other thing was COMPUND! I wish I had his book with me so I could Quote him, Brilliant mind,
Compound interest is a word anyone who has bought a house is familiar with. Take these same concepts and apply them to your business. Back to what I was saying, The Sales!!!
A Sale provides for maybe that month and it starts over; Don’t know how many of you seen the Rickey Show on CLIQUE ITV where Rickey Johnson Marketing Guru told you how to have a sale every month, but it was very good!!! But here is what even Rickey didn’t tell you, Compound it!!! Compound your Money!!! Compound your Dreams, COMPOUND, COMPOUND!!!!
Now taking into account Russ’s Advise I never did only one thing at a time, Taking Rickey’s advice I have had many sales, How did I do so well with one one or two sales per year?!!!
I compounded it! I created a sale that last to the client for one month, but realitly is it last three months! Wow!!! How does that help me? I am so glad you asked hahaha!!!
Here is my secret and please it’s on the real so take it because no matter how much you make, somebody is making double with less work!!!
Ok, Here we go and this part is just make up so…. The idea is solid I use it all the time, the numbers are fake so…. I am going to lay this on you….
Lets use my last Blog, How to make money off Blogging!!! If you have one Blog and it generates you, say $100.00 Per Week, Say you had two that would be $200 per week, Now say you compounded and make $400 per week?!!! How you get people to double each week!!! So every time you do something double the amount of goal is returned!
The only real way I can tell you is this…. Have a sale on an Item say, 125 dollars, now set an amount of people say 5000, So your say says you are selling Blah, Blah Blabber mouth grease for this month only for $125.00, your public knows that part, but what the public does not know id your Goal of 5000 people buying the 30 day renewable product! So 5000 people buying from you @ 125 dollars that’s… hummm… A Nice hunk of change for 30 days because it’s around $675,000.00 dollars!!! Wow!!! Yes real nice change, but it is change for a business. Now you need to do it again next month same sale, but for the people who already part took in the sale, you give them the price of $75.00. So now you have a now group Buying for $125, an old group Buying @ $75.00 You have just COMPUNDED your Sale, duplicate this process ( Another MLS or A.K.A MLM) Duplicate, Yes so the third month you have your really old buying @ say $50.00, the old groun now id @ $75.00 and the New Group is @ 125 Dollars!!! You have compounded Three Deep now. This is COMPOUND, RESIDUAL INCOME!!! And it’s one of many reason the Rich stay Rick and the poor are still poor, we do not use these unless taught by someone who does this too…
Just for the Time and the Right to say I wrote another Book, let me give it to you with numbers and layout!!!
Let’s say…
125
75
50
Aug
5000 Sale
5000 For participating in our sale
5000 For Sticking With Us
Sept
5000 Sale
5000 For participating in our sale
5000 For Sticking With Us
Oct
5000 Sale
5000 For participating in our sale
5000 For Sticking With Us
This is our layout:
The Initial sale of 125 dollars starts in Aug, When Sept Come you are gaining a new 5000 people, but the old ones you are saying hey…. Here is another reason to stick with me, So now you have Sept 5000 new people buying a product or service for 125 and the aug people getting it for 75, now in Oct you have a new 5000 people buying @ 125, Sept Buying @ 75 and Aug buying @ 50.
In Nov you let you Aug People know who much you thank them, do your Survey and Start over!!! With 125, so now you have Nov and Aug both buying 125, Oct buying @ 75 and Sept Buying @ 50, and it becomes a COMPOUND RISIDUAL INCOME!!! Now just figure out a way to apply this to what you do!!!
The true clear COMPUND is AUG and NOV together paying the same price, but you are COMPOUNDING your service or Product whenever you can keep it working for you while offering the Clients, Customers a solid product / service.
I will maybe go into more detail about this one day, but I just had to show you how thinking out the box, can really have a impact on your Life style, believe me when I say any Real true Millionsire has this type of system in place and will tell you so!!!
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