If you want to build true residual income in network marketing and you want to do it fast…you’ll benefit from understanding why it’s easier to do it with some companies than with others.
And with over 5,000 different network marketing companies in existence today…finding the best one to build a solid and true residual income with is no easy task.
But if you know what questions to ask yourself and exactly what to look for in a company and it’s products you’ll be able to build true residual income for years to come.
In this episode of Tanya Aliza TV, I’m going to show you what questions to ask yourself and what to look for in a company if your goal is to build true residual income for yourself and your family.
The Best Network Marketing Products For True Residual Income – Episode 120
With every Episode of Tanya Aliza TV, I like to empower you with a POWERFUL free resource that you
can implement right away and create results with fast in your business.
This week, since we’re talking about creating true residual income I’m giving you My 6 Figure Network Marketing Roadmap.
This Roadmap shows you a realistic breakdown of the activities you need to do on a daily basis to get you closer to your desired income goals in your business.
You can download it right away by clicking on the yellow button above.
True Residual Income Doesn’t Leave Money On The Table
If there’s one question I get a lot it’s, “Tanya, what Network Marketing company would you recommend I build or join?”
My answer is always…’It depends’
And what exactly does it depend on?
It depends on what the person is passionate about and what their goals are.
There is no one size fits all…
BUT there are companies with certain types of products that make building a stable residual income with a whole lot easier.
This isn’t something I was aware of until many years of being in network marketing…and I just didn’t know what I didn’t know.
But had I understood this I would have made so much MORE money in my network marketing career.
So now I want to help you find the BEST network marketing company for YOU if your goal is to build long-term true residual income for yourself and your family.
True Residual Income – Key questions to ask when choosing the best network marketing company
When someone asks me which is the best network marketing company to join I typically ask them these 3 questions:
✔What are you passionate about?
✔ Do you want to build the business offline or online?
✔What are your current family and friends into? What would you get excited talking about?
In my opinion, it’s very important that you are in alignment with the products and company you represent.
If you aren’t passionate about your products or services people will pick up on it and it will be really hard for you to build your business.
But once you know the answer to these questions you’ll want to make sure your company meets the following criteria.
Key criteria when searching for True Residual Income
To build a successful network marketing business you need to have these 2 things in place:
✔You need to have a really awesome product even beyond it having a comp plan attached to it.
✔You need a consumable product
If you want to build a solid residual income, you’ll want to keep those 2 things top of mind when looking to join a company.
If a network marketing company has a product that is so good that people would buy even if it didn’t have a comp plan attached…then you’ve struck gold.
This is the BEST way to build long-lasting true residual income.
You’ll also want it to have consumable products.
Think about this…
What products do people need or want to consume on a monthly basis?
This is what creates stable residual income.
When you have a consumable product that needs to be replaced month after month you don’t need to convince your customers to order again.
Does your company have a diverse product line that will help you build true residual income?
I understood the importance of having a diverse product line late into my network marketing career.
If somebody falls in love with one of your companies products you ’ll want them to have multiple avenues that they can go down to spend money with you.
If it doesn’t… you’ll be capped out on how much money you can earn with your customers.
True Residual Income – Products vs Services
I used to think that being a part of a company that offered a service instead of a whole array of products was the best route because I didn’t need to explain the product.
And although it might be easier it’s not necessarily more profitable… which means I was capped at how much volume I could accumulate per customer in my team.
Now, I’m in no way knocking on service-based network marketing companies.
There are many amazing services being offered through network marketing companies.
But when you’re looking at your options in network marketing I really believe it’s important to understand the pros and cons of having a diverse product-based company vs a company that offers a service.
And just to be real and transparent here…
When I was taking a look at the company I’m now with and the diverse product line they have…I started to feel a bit overwhelmed thinking I had to know all the ingredients and products offered.
But what I experienced actually surprised me.
Here’s what I found:
I learned that when you lead with one or two products and people fall in love with that product, they go on to try other products available from your company.
And when there are so many different products that people can use and consume… it all contributes to the organizational volume in your organization.
For example, if I was to take my entire organization that I have right now and divide it in half I would still be twice as profitable than the previous company I was in.
Why?
I had only 1 service to offer…meaning I had to work twice as hard to create the volume I currently have with the company I’m with today.
I have a smaller organization but I’m much more profitable than when I was building with my previous company.
Now please understand that I’m not discouraging anyone from joining a service based company.
If you’re in alignment with that service and passionate about what it does for others than you can create success in that company as well.
True Residual Income – Direct Sales vs Network Marketing Company
Something else you’ll want to consider is… the difference between a direct sales company vs network marketing.
I’m not trying to start a controversy here…but while many people think that direct sales is the same thing as a network marketing company…they kind of are but they have some big differences.
There’s a lot of really great products in direct sales.
But typically… repeat sales don’t happen as often as in network marketing with products that can be consumed on a monthly basis.
For example, if you sell something like Tupperware or jewelry…in order to sell those items again, you have to put forth the effort to get a repeat sale from existing customers.
And you can’t sell Tupperware or jewelry every single month to the same customer…there’s only so much Tupperware someone can use.
You may want to consider whether that business model aligns with your goals and if you want to create stable residual income this might not be the best avenue for you.
True Residual Income – In Closing
If your goal is to create leveraged true residual income you may consider taking a look at a company that has really good products that people will buy even if it didn’t have a comp plan attached to it.
Considering partnering with a company that has a diverse line of products that customers can add to their orders.
And last but not least consider a company that sells consumables that your customers will want and need to buy over and over again without you having to re-sell them on buying the products over and over again.
And to help you create a substantial residual income in your network marketing company make sure you pick up My 6 Figure Network Marketing Roadmap.
You can download it by clicking on the yellow button below
Some Awesome Resources That Will Help You Even More
Unlimited Fan Page Profits – Learn More
How about Residual Leads to support your residual income plan? Unlimited Fan Page Profits is a training that I put together that will walk you through the steps of building a Profitable Facebook Page and marketing plan to generate leads, build a big audience and make daily sales on autopilot! Check it out!
Get Over Your Damn Self (Book) – Romi Neustadt – Learn More
The No B.S. Blueprint to building a life-changing business. This is one of the best books I’ve read when it comes to learning how to talk to prospects and transition the conversations, naturally, into business. I bought the audiobook, listened to it twice, then bought the paperback because I wanted to highlight the scripts she gives… they are THAT good. This is a book that I highly recommend everyone in Network Marketing to get. For the guys… this is a really feminine read, but still highly worth it.
The Network Revolution (Book) – Learn More Here
This book was co-authored by my good friend and Lady Boss, Jessica Higdon. I not only love cause I’m in it (wink wink) but because it show cases many success stories from everyday people that have created amazing results in Network Marketing. I have multiple copies of this book on hand to share with my prospects as an amazing recruiting tool. I suggest you order a few copies too!
The B-L.A.B. – Come Join Us
AKA Build Like A Boss, The B-LAB is Tanya Aliza’s FREE Facebook Mastermind group full of awesome Networkers and Entrepreneurs that are all on a mission to grow their businesses Faster and easier with Online Strategies for prospecting, recruiting and sales. We do themed days of the week, we hold each other accountable and we lift each other up! Come introduce yourself and your business.
Did you get some value from these true residual income tips?
I hope you did because each week I put my heart into making sure you get some true residual income strategies to rock it in your business while creating a life you love.
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Question of the week: Without posting any links or being spammy what’s the #1 reason why you joined your company?
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I really hope you enjoyed this post on how to find network marketing products that can create true residual income 😉
