In the MLM industry, attrition rate can run as high as 70%. This means that the majority of the people who try a network marketing company don’t survive the first few months.  The upside of this is that 9 out of 10 of those survive through ten years become very wealthy.  This industry has produced more self-made millionaires than any other single industry in America.

Ninety percent of conquering a problem is to identify the problem.  Even addicts have to first agree that they have a problem before they can be helped.  So, if in order to overcome the major reasons why people fail, we just avoid those pitfalls. Looking at some residual income ideas for network marketing success:

1. Be prepared to handle rejection.

Who said that any kind of selling was easy.  But it all comes down to attitude.  If you can understand that a rejection of the opportunity that you are so excited about is not a rejection of you, as a person, then you are on your way.  “No” must be interpreted as “next”.  This is easier said than done, but it’s the price of success. The internet and other new technologies allow some rejection proof approaches, such as using lead capture pages and autoresponder messages.  These methods serve to “pre-qualify” your prospects.  However, there still must come a time when you will have to be in personal contact with your downline members.

Part of preparing your mind for these “negative” people is to fill your mind with positive messages.  There are many MLM and “positive thinking” speakers that will help you keep your spirits up.  You will be surprised to know that motivational tapes and books can give to your attitude a boost, in general. This is one of the benefits of being in this industry.  It teaches you to have a brighter outlook on life.

2. Be realistic in your expectations.

To expect too much too soon will only set you up for a possible let down.  Accept that this is a legitimate business that would require investment of time and effort and you must be prepared to sow the seeds before you can reap the benefits.  Who builds a house without first considering the cost?

When you are quoted, the salaries of big recruiters, be sure to ask how much time and money they spent to get to that level.  This information will give you a clearer picture.

3. Once you find a reputable company, be prepared to stay the long haul.

This goes without saying, but if you expect to succeed, you must stay the course.  The most successful people in life have gone through very trying times but they have stuck with it and left a legacy behind.  It is often said that tough times don’t last but tough people do.  The same holds true for those seeing to build a solid residual income.  You should commit yourself to at least 3 years before making a decision either way.

Jumping from one opportunity to the next only shows a lack of decision and stability in your planning.

4. Do not make the business more complicated than it needs to be. Stick with what works.

There is always the temptation to improve on the methods that experienced networkers have shown to work. Go with what works, not with what should work.  If you find a system that has been working, just plug into it and squeeze the last drop of success you can get from it.  This means that you must show yourself to be teachable to your upline and be willing to teach your downline members the same system.  Residual income success comes from doing what works repeatedly until it becomes second nature.

Another note of caution is that you should not expect from your recruits what you are not doing yourself.  There are many network marketers who will give advice that they are not willing to follow.  In other words, they get their team members to “do the dirty work” for them.  This practice takes away from the real meaning of duplication.  I am doing the same thing that I am teaching you.

5. Train and then let loose!

The real power of network marketing is the power of leverage.  Rather than using 100% of your own effort, you are using 1% of the effort of a hundred.  If your downline members become too dependent upon you, then they will be using 110% of your effort.  This can easily lead to instant burnout.

So the key is to train your frontline members, then train them to train their frontline members.  As you gain leadership experience in the business, then you can occasionally pick up the slack for a colleague.  The important thing is that your team members understand that effort is required on their part or they cannot expect your support.

Here are some additional insider tips on really hitting the ground running.  These residual income ideas for network marketers are learned from the study of those who have millions in this industry.

Final Note: If you have multiple streams of income, you should take a look at your income sources and evaluate them to see how many are residual and how many are linear.  The key is that you may want to “balance your portfolio” so you can have income coming in even if, for some reason, you are not able to work.  Especially as a small business owner, this can be critical to your survival.

Even one of your fat monthly checks tucked away on a fixed deposit account will provide you with residual income…accrued income.

Think about it.  How long do you think it will take Bill Gates, one of the richest men in the world, to make billions, if all his bank accounts were presently frozen and taken away? That is the power of residual income!

Learn more income ideas and tips from a remarkable online training system. Find Out How!

Is The Mona Vie Marketing Training The Right Training For You?

I will first begin by talking a little about Mona Vie and then focus on the trainings. My reasons for focusing on just the trainings is because the high failure rate of many MLM and network companies usually stems from lack of effective trainings by many of these companies.  In part, it is the individuals who start a business with hopes of making fast cash, but many other individuals, myself included, are really interested in having a business and would like nothing more than to have a business of our own where we can generate our own success.  But, how do we accomplish this if the trainings provided are not sufficient enough to help us accomplish this goal?

Overview:

Mona Vie was founded in January of 2005 by a former Usana VP of sales. The Mona Vie company is a multi-level company whose compensation structure is a hybrid.  The company’s primary product is Mona Vie active juice; which contains the Acai berry, noted for its high levels of anti-oxidants and nutrients.

Mona Vie Products:

The product line of mona vie has three forms of bottled juice.  There is the Mona Vie Original, Mona Vie Active, and Mona Vie Pulse, as well as gel pack version of the products and an energy drink, Mona Vie EMV.

The juices are sold at a suggested retail price of $39.00 for the Mona Vie Original, $45.00 for the Mona Vie Active and Mona Vie Pulse per 750 ml (25.5 oz.) bottle. The manufacturers recommend daily serving size of 2 to 4 ounces.

Mona Vie Compensation:

Mona Vie products are offered to the public via a Mona Vie distributor.  Distributors receive commissions based on product sales.  Individual distributors are encouraged to build their own sale teams by recruiting new distributors to sell products. The distributor can receive additional commissions based on sales by their downlines.  Various stipulations in the distributor contract determine the eligibility requirements for payouts on sales commissions and bonuses. For example, distributors must maintain a minimum monthly order volume, achieving required sales volume levels, balancing weak and strong legs n the binary plan, etc.  From 2005-2009, new distributors were required to pay a $49.00 USD sign-up fee and an annual renewal fee.  However, as of the first quarter of 2009, the sign-up fee requirement was dropped.

Mona Vie Marketing Training:

Monva Vie is very focused on training its distributors.  Of course, as a company it is beneficial to train distributors because the more success they have in their business, the more likely they are to stay.  One of the other advantages of training distributors is to allow more control over their behaviors in their businesses.  Most individuals, who start a business in network marketing, have no idea on how to run a business nor do they have an understanding of what is considered to be professional behavior when dealing with a customer. Company specific training allows the company to ensure their distributors operate using company approved methods of operations.

The conventional technique used by Mona Vie to promote its product is to have what is referred to as “product parties”, talk to family and friends, hand out CD’s, and more.  Essentially, the Mona Vie marketing training focuses on word of mouth, belly to belly marketing styles.  These methods do work and have worked for many people, but just not enough.  The reasons vary, but the truth of the matter is it takes a lot of work and an ability to deal with lots of rejection.  In addition, these methods are also very time consuming.  In conclusion, to build a business in Mona Vie requires presentations and product sharing amongst family, friends, and associates.

The first sign of quality training is one that is not product specific.  The marketing technique should apply to any product you are marketing, not just Mona Vie.  Marketing training that is not product specific, is the kind of training you should look for in Mona Vie.  You may ask, why would Mona Vie train on marketing strategies that apply to products other than their own?  Well, to be honest, there is no benefit for them, but for you it will be and this is where you have to make a decision on what kind of training you really want.  Do you want training that can only market one product, namely Mona Vie, or do you want training that you can apply to any product?

The network marketing industry has changed due to the internet. Marketing styles that implement hotel meetings, name lists, face-to-face talking to friends, family and strangers is not as effective as using the internet.  Instead of dealing with people who could care less about your products or you income opportunity, you can focus you efforts on people who are interested in your product or business.

Marketing techniques should focus on teaching you marketing principles on how to get traffic to your website. It should teach you various marketing strategies that you can apply that will generate tons of traffic and that will convert many of the leads generated from that traffic into customers and/or members in your primary income opportunity.  If Mona Vie distributors were able to learn how to generate traffic, the number of people who stayed in Mona Vie would increase substantially.

In conclusion, success in Mona Vie is going to depend on the distributor abilities.  More specifically, on the distributor understanding their ability to effectively apply good marketing strategies for their business.  If you want to stand out as a distributor in Mona Vie, you need to develop strategies and techniques that work.  If necessary seek out this the training need outside of Mona Vie and then apply them to building your Mona Vie business, or whatever business you have.  Now, that you have the skills to build any business, you can use them for any business.

Residual or “passive” income is what creates real wealth.  In fact, it has created many millionaires and will continue creating more.

Understanding this principle is so important to your bottom line.  The reason is simple.

Residual income opportunities multiply the profit part of your “profit-to-work” ratio.

For instance, if you take a day to make one sale and earn a one-off payment of $25.00, you have to keep repeating the same amount of work each day, making the same sale over and over again to different people, just to remain in business.

Now, imagine that you are working a residual passive income system.  In the same amount of time, you acquire a new customer who will pay you $25.00 per month for the next 12 months.  In one day, you managed to secure $300 for the year.  In other words…if you wanted to make $30,000 per year, the one-off approach would require that you make 1200 sales, while a residual program would require only 100 sales to make the same amount of money!

The second option sounds a lot more appealling.  If you haven’t already, you should consider adding sources of residual income to your online business.  You’d be crazy not to with so much money on the table for so little work.

But, keep in mind, not all programs are created equal.  So, here is how to select, promote and profit your way to multiple streams of passive income using a logical process flow.

It consists of four simple vital components that link and synergize together as an entire whole in order to produce the best possible results.  It makes it easy for you to obtain passive residual income.  Use it and you’ll build your own residual windfall in not time flat.

Formula For Residual Income Wealth:

Component #1: Select It
Component #2: Experience It
Component #3: Repackage It
Component #4: Replicate It

Component #1: Select It

To begin, you need to be able to select the right residual income programs based on certain criteria.

Online residual income opportunities are built on recurring commissions for the sale of products, services, and memberships.

You can be the owner of a product, service, or membership or an affiliate.  Let’s examine only the affiliate side of the equation.

Residual income programs come in several forms.  There are:

• MLMs
• Membership sites
• Any service or program with a recurring fee

The last point in the list applies to all programs; that’s what is at the heart of residual programs: a recurring fee.

However, that’s not the only part that counts…

A lot of services and products fall under this definition.  Services like web hosting or membership sites charge monthly fees which you could receive a portion of as a commission.

A multi-level marketing company might pay commissions based on the monthly purchases of products by customers you refer plus a percentage of sales made by affiliates you recruit into your downline.

So, the first thing to look at is the commission structure:

• Is the program single-tier or multi-tier?
• How often do you get paid?

You should also evaluate how much work is involved; not just in making the sale, but in retaining customers.

Going back to our previous examples, you can see that web hosting or membership sites bare most of the responsibility for retaining customers. If the service or the content is good, the customer will stay.

However, in an MLM, a lot of the work can fall on you.

Depending on how the company is run, your position could be extended beyond the normal definition of an affiliate to something like “independent sales representative”.

In that case,m you may have to do a lot of the maintenance and follow up work yourself.  This means keeping a client database and reminding customers to re-order products.

It can also mean investing a lot of traditional time into training your members, especially if the commission structure is such that your income relies heavily on the combined percentage of sales made by your team.

Finally, you must look at the product or service and ask whether it is something people would want or need to pay for on a month-to-month basis.

This is especially important when evaluating an MLM program.  You should be wary of any MLM opportunity which requires you to pay a fee to join, and in which your income is generated solely through getting others to join and pay the same fee.

Component #2: Experience It

Question is: should you promote a residual income program the way you would promote any othe program?  Yes or no.

The same traffic generating tactics still apply.  Tactics like pay per click, viral marketing, search engine optimization, reciprocal linking, opt-in list, ezine advertising, article marketing, etc.

However, the spin you place on promotion will differ with one step:

You should always use the product yourself or are the member of the residual site or service you are promoting.

This is important.  Remember, you are asking the prospect to invest in the long-term view, a higher ticket item than most other products. Also, the majority of residual type products require first-hand experience in order to be promoted properly.  How can yo praise the benefits of your MLM’s cleaning products if you have not even actually tried them.

How can you gain the interest of your prospect with your own story about the profits you’ve reaped through your favorite resale rights membership site if you are not a member?

The is the key to the way these programs are sold…

You need the benefit of being an ‘insider’ in order to hint at what lays on the other side of the order button.

Finally, you need first-hand experience in order to determine whether YOU would be willing to pay monthly for the product.

If you are not impressed, there is a good chance that your referrals will not be either; and you have to fight to keep your commission up as people start dumping the product like flies.

Component #3: Repackage It

Residual income programs offer one of the most ideal opportunities to exploit the power of freebies and special offers.

In order to get the most referrals is simply to create complementary product or service to the actual program you’re promoting.

Then offer this as an edge or ‘bribe’ to encourage prospects into joining you through you affiliate link, instead of someone else’s.

The one thing you can do to increase your results is by capturing and following up with these prospects at the same time.

You should seize the chance to build your own specialized opt-in list of targeted prospects in in your sub-niche or ‘mini market’.

To work well, your bribe needs to COMPLEMENT the main program.  In a perfect model, it should achieve these two key factors for your referrals:

- To enhance their usage and benefit the residual program joined.
- To help them make their own residual income from theat same program.

For example, if you look below, you can see that I do practice what I preach.

If you click on the image below, I am giving away to those who join from the link, the opporutnity to download a report along with, not one, but two bonuses.

This is what is meant by creating a complementary bribe aournd the two factors for optimum results.

Component #4: Replicate It

What you have just learned are the first 3 components which is enough to make you a solid passive residual income base, that is if you apply it.

However, if you want to take things to a more profitable level and expand your business, all you have to do is to…

…Replicate this success formula across different programs, or recreate new bribes to attract more referrals into the same program.

The fact is that Internet Marketing is not complicated.  Too many marketers are turning what’s straight-forward and easy into something totally complex as they cannot ‘believe’ that’s all there is to it.

While there are many ways to skin a cat, focus on a system that works for you once you find it.  You really don’t have to reinvent the wheel; you just need to add more fuel to improve its performance.

Similarly, the system revealed here, though simple, does produce results.  When the rubber meets the road, what do you want at the end of he day? I’m not a mind reader but my guess is you want Money and Real Results. Therefore, component #4 is important.  Replicate and duplicate the system and you’ll exponentially build on your residual income windfall.

In conclusion, what you have seen so far are the steps required:

Component #1: Select the right residual income program to focus and work on.

Component #2: Experience the program so you’ll know exactly how to market it.

Component #3: Repackage the main program by creating your own bribe to increase referrals.  Once again, it must complement the program you’re promoting.

In order to market your own unique bribe, create a simple direct response webpage with good sales copy listing the benefits prospects will get from you; if they become your referral.

It is imperative to capture their emails in order to follow up and build a targeted list.

Next, send qualified traffic to your web page and test the conversion rate, improving upon your web copy to increase response continuously.  Some proven traffic tactics for this purpose include Google Adwords, article marketing, ezine advertising, press releases and joint ventures.  That is it.  Simple.

In conclusion, I would just like to point out that…

In order to profit long-term, you need to employ integrated thinking and marketing.

Any residual program you choose will go through changes.

Your focus is to stay on top of the changes and promote the service from a user’s perspective…create a community, offer useful tools and information and, most of all, stay in contact with subscribers even after they’ve converted into customers.

By creating a shared experience, you’ll be able to retain those customers for a long time to come…and that means more residual income for you, with a lot less work.

Hope you’ve found this information useful and profitable!

To your residual income success!

Lawren Smith

Note: This special report was created with the intentions of revealing how to generate massive free leads.

The Internet Marketer’s Guide To: Article Marketing

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Residual income -=> Residual income definition

Residual income is a rent received on a regular basis, with little effort required to maintain it.

The American lnternal Revenue Service categorizes income into three broad types, active (earned) income, residual income, and portfolio income. lt defines residual income as income from “trade or business activities in which you do not materially participate.” Other financial and government institutions also recognize it as income obtained as a result of capital groMh or in relation to negative gearing. Residual income is usually taxable.

Some examples of residual income are:

• Earnings from a business that does not require direct involvement from the owner or merchant.

• Rental from property.

• Royalties from publishing a book or from licensing a patent or other form of intellectual property.

• Earnings from internet advertisements on websites.

• Residual income, repeatedly regular income earned by a sales person, generated from the payment of a product or service, that must be renewed on a regular basis in order to continue receiving its benefits.

• Dividend and interest income from owning securities, such as stocks and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income.

• In the United States, portfolio income is considered a different type of income than residual income.

• Pensions