What is passive income and wealth building?

Have you ever considered continuing to “make money without doing anything”? Isn’t that a great idea? Oh yes, that’s right. We all want to earn and keep earning a lot of money, no work or no work. Some may feel this thing as a dream, not a reality. But, it is quite possible. However, it requires great intelligence, smart work, proper use of time and energy, experience and knowledge, and a long journey, no doubt.

Today I’m going to talk about passive income and wealth building. There are two types of income: active and passive. Active income should keep you working constantly, like a regular 9-5 job. If you are unemployed or out of work, unfortunately, you will stop receiving your salary. No work; no salary. It’s that simple. On the other hand, passive income does not require you to go to the office every day and work for 6-8 hours.

So how is it possible to have a lot of money and keep coming back when you stay home and have fun? For this type of income, you need to build assets and wealth, such as:

  • Buy property, square / shop / trade, etc. and rent. You will receive a large amount of rent each month.
  • Set up a gym, beauty salon, wellness club, etc., and hire a team of professionals to handle it. Your team will work and win for you.
  • If you have the talent to write and write good books, you can make money with this talent. When you write a book, you will continue to earn a royalty while the book is on sale. The Amazon online bookstore allows you to publish your book for free.

These are just some of the goal setting shareware that you can use. But the idea of ​​buying a property and setting up a gym / salon / wellness club requires a lot of investment. And it takes a lot of talent to write book ideas. Not all of us have the investment and the writing skills. Therefore, all three ideas are not possible for everyone. So how can you get passive income and build wealth?

One of the easiest and most viable ways to build wealth and assets and create a source of passive income is to join a Direct Selling and Network Marketing company.

First of all, let me explain what direct sales and network marketing companies are:

A direct sales company sells its products through individual distributors. Authorize the store / vendor to run the business. Its products are not available in retail and regular stores. You will not see any advertisements for the company or products in the media. If you want to own their products, you must sign up as a reseller or purchase them through any authorized reseller. This is why it is called a direct sales company.

You join a company like this through a distributor who acts as a ‘sponsor’ for you. He introduces you to the system and products, and introduces you as his “bottom line” or “network.” An authorized distributor can expand its network by protecting thousands of people. When you join a self-employed company, you also become an authorized distributor. Then you also invite new people to buy the company’s products and join them there as well. The larger the network; the more you and the company earn. If you have an initial three-person network, each will have a three-person network. That way, you will all grow. Each distributor will make a profit, as well as a fixed portion of the sales made by the “bottom line”. This is why it is called a network marketing company. In general, all companies in this category work in two models: direct sales and network marketing.

If you want to start a business like this, first of all, do some research on the network marketing companies in your state / country. Be the first to answer these questions.

  • Which areas do you like the most and which are most viable for you? There are areas of health, nutrition, fashion accessories and cosmetics, electronics and so on.
  • How much time can you spend a few hours a day or just on weekends?
  • What skills and strategy do you need to succeed in the right field?
  • What talents and traits do you already have and can you smooth out to help with your job, such as presentation and communication skills?
  • What product are you excited about? do you need to use yourself and want to?
  • Are the products beneficial and interesting enough to convince ordinary people to use them?
  • How long do you need to start earning, for example, a few months or more than a year?
  • What is the company’s compensation plan? How much can you earn per month?

Don’t forget to look at the rules and regulations of the company you want to join. This is very necessary to prevent misconduct and misconduct.

The 21st century is called the Century of Direct Selling and Network Marketing. The beauty of this business is that it doesn’t require a business administration degree, a large investment and hiring an office building and so on. Determination, a desire for money and freedom of time, a desire to learn new things, and so on. a strong will to do anything to succeed. Direct sales and online marketing companies provide training that will not be free of charge. This training will teach you how to work as a distributor and develop a network.

There are hundreds of direct sales and network marketing companies around the world. Some are working nationally and some are working internationally to bring together people of all faiths, colors, religions, and nationalities. This has been declared an excellent source of passive income and wealth building. The first few years are tough but then you don’t have to do anything. The money will arrive automatically.

If you want to be a great source of passive income, join a Direct Selling and Network Marketing company in your area.