I come across many people who don’t quite understand how residual income works, so I thought I would tell you a little story to demonstrate to you the concept. Imagine, if you will, a choice. A genie pops out of a bottle and offers you $10,000 cash, today- right this second, no strings attached. You can take it and walk away, happy, forever. Or, he says, you can have just one penny, but not today. The genie will take that penny and double it, every day for 30 days, and at the end of the 30 days, you can have the final amount. You have 5 seconds to decide. Answer the question, don’t skip ahead Now, most people would, in fact, simply take the $10,000 cash and happily walk away, especially with so little time to decide. Would they be right or wrong in there decision? Would they instinctively feel that the doubled penny represented a trick of some sort? Let’s see what would happen if the doubled penny scenario was pursued: Day 1: 1c Day 2: 2c Day 3: 4c Day 4: 8c Day 5: 16c Day 6: 32c Day 7: 64c At the end of week one, those who took the $10,000 are laughing and those who opted for the doubled penny are probably a little embarrassed. Day 8: $1.28 Day 9: $2.56 Day 10: $5.12 Day 11: $10.24 Day 12: $20.48 Day 13: $40.96 Day 14: $81.92 Two weeks have passed, and our doubled penny has not even reached $100. Half-way there and it’s not looking too good. Day 15: $163.84 Day 16: $327.68 Day 17: $655.36 Day 18: $1,310.72 Day 19: $2,621.44 Day 20: $5,242.88 Day 21: $10,485.76 Ha! After three weeks, we caught up! I wonder what next week will bring? Day 22: $20,971.52 Day 23: $41,943.04 Day 24: $83,886.08 Day 25: $167,772.16 Day 26: $335,544.32 Day 27: $671,088.64 Day 28: $1,342,177.28 At the end of four weeks, you can see that our total is a far cry from 1c or even $10,000. Those that initially took the $10,000 aren’t laughing anymore. Day 29: $2,684,354.56 Day 30: $5,368,709.12 At the end of the month, the doubled penny is worth over $5 Million. It’s hard to contemplate that. But that’s kinda how residual income works. No, you don’t make $5M in a month; this example really has nothing to do with a network marketing company’s compensation plan. But what does happen is you work longer, for what seems to be very little income, in order to take home a much larger prize in the end. And that prize isn’t a one-time thing. After you’ve worked to establish your long term system, you receive your income month after month. This example is what initially attracted me to the concept of network marketing. You have to look at big picture, and trust me its hard but worth it. Ask us for more information thanks.
Posted on: Fri, 05 Jul 2013 23:59:31 +0000
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