How do you make reliable residual income working from home? Make sure you know what reliable residual income looks like.
How do you make reliable residual income working from home? Residual income is not just a quick income. It takes patience, consistency, and working smart not hard. Residual income is income that you make once and you get paid month after month. But to get the income you first must have a reliable source where to get the income. You need a source that will bring people back month after month reordering products that they really need, really want, and can only find with shopping with you and with your company.
Pick a company that actually has products people want and really need:
Why is that important to pick a company that actually has products that people really want and need? This will give you reliable residual income and you will be working smart not hard.
For example if you are just selling makeup, or a weight loss product and your customer loses their job, the first thing that is going to go off their budget, will be the extras that they don't need to function. Which will be the high-end makeup because they will find a cheaper source of make up or go make up free!
Weight loss is just a fad business. If you build your whole business on just that emotional ride of weight loss you will find yourself always replacing customers. There is no reliable residual income coming in month after month because your always losing customers.
Here are your three biggest reasons why with a weight loss company you cannot build a reliable residual income.
- The fact that your customer reaches their weight loss goal, if they don't quit, they will cut back on their weight loss products to just maintain.
- They lose their income or have a big expense come up in their life. They are going to take their weight loss money and use that to pay that expense.
- You have that person that just uses the money back guarantee and loses weight for 30 days and wants their money back even though they might have lost 30 lbs.
I know these three reasons personally because I had built a great MLM business with a weight loss company and was bringing in over 5 figures when 2008 hit!
Look for a company that had a high reorder rate:
After learning my lesson with that weight loss company, I was instantly intrigued when I learned about an American Manufacturing Company that manufactured real products that real people really need each and every month and had a documented 95 % reorder rate.
I knew if I was consistent and patient I could build a real reliable residual income because I would be working smart instead of hard because I would not always be replacing my customer base but building from my customer base month after month.