For those of us who have owned a small business or worked for companies, then we all know the power behind a residual income program.
Many Insurance agents have residual income opportunities within their business model.
Some of these agents have made a sale 5-10 years ago and are still generating income.
But, what is the one thing that so many of us are missing with our business? There is a very simple term which means so many things.
It's "LEVERAGE.
" The internet is one of the most powerful tools which creates leverage in business.
Leverage has many different meanings, however, it simply means "doing more with less".
Owning an online business allows one to set up a system which sifts and sorts prospects and does all the selling and telling so you can do other things.
Imagine being able to travel, golf, or fish while your internet business is closing deals and cashing checks behind the scenes.
Now, that's leverage.
Finally, the one thing that so many of us are missing out on with our small business is..
...
Multiple income streams! Many of us only have one source of income.
Maybe, one client pays you, or maybe you receive one paycheck every two weeks? It is critical to stay diversified and always have your money working for you in different areas.
There are many programs online which offer this model.
Doing due diligence is pivotal when starting a small business.
Finding a business model with multiple income streams and residual income opportunities is the key to a prosperous and stable life.