What is passive income and wealth generation?

Have you ever thought about continuing to ‘make money doing nothing’? Isn’t it a great idea? Oh yes it is. We all want to earn and continue to earn money in abundance without doing a job or working. Some people may feel this as a dream, not reality. But it is quite possible. However, you need a lot of intelligence, smart work, the proper use of time and energy, experience and knowledge, and a long journey, no doubt.

Today I am going to talk about passive income and wealth creation. There are two types of income: assets and liabilities. Active income requires you to keep working consistently as a regular 9 to 5 job. If you are unemployed or laid off from work, unfortunately, you will stop receiving paychecks. No work; no paycheck. It’s that easy. On the other hand, passive income doesn’t require you to go to the office every day and work 6 to 8 hours.

So how is it possible to have money in abundance and come continuously while staying home and having fun? For this type of income, you need to accumulate assets and wealth, such as:

• Buy a property, plaza / store / shopping center, etc. and rent it. You will get a good amount of money from rent every month.

• Set up a gym, beauty salon, wellness club, etc. and hire a team of professionals to run it. Your team will work and win for you.

• If you have a talent for writing and can write good books, you can earn money from this talent. Once you write a book, you will continue to earn copyrights for as long as the book is on sale. Amazon’s online book store gives you the opportunity to publish your book there at no cost.

Here are some ideas for earning passive income. But the ideas of buying a property and setting up a gym / beauty salon / health club require a large investment. And the idea of ​​writing books requires a great talent for writing. Not all of us have investment and writing capacity. Therefore, all three ideas are not possible for everyone. So how can you earn passive income and build wealth?

One of the easiest and most feasible ways to build wealth and assets, and create a source of passive income, is to join a direct sales and network marketing company.

First of all, let me give you an idea of ​​what Direct Sales and Network Marketing companies are:

A direct selling company sells its products through individual distributors. It has authorized stores / distributors to run the business. Their products are not available in retail stores and common stores. You will not see any type of advertising of the company and products in the media. If you want to have your product (s), you must join them as a reseller or buy through any authorized reseller. That is why it is called a direct selling company.

You join such a company through a distributor who acts as a “sponsor” for you. He / she introduces you to the system and products, and you join as their “downline” or “network.” An authorized reseller can spread their network to thousands of people by sponsoring them. When you join a company under one’s sponsorship, you also become an authorized dealer. Then, he also invites new people to buy the company’s products and joins it as well. The more the network grows; the more you and the company earn. If you have an initial network of three people, they will make your network of three people each. That way, everyone will grow. Each of the individual distributors will earn their own earnings, as well as a fixed portion of the sales made by the “downline”. That is why it is called a network marketing company. Generally, all companies in this category work in both models: direct selling and network marketing.

If you want to join such a company, first of all, do your research on network marketing companies in your state / country. First, have the answers to these questions.

• What field do you like the most and is it feasible for you? As there are the fields of health, food, fashion accessories and cosmetics, electronics, etc.

• How much time can you spend on it, like a few hours a day or just on weekends?

• What skills and correct strategy do you need to be successful in the respective field?

• What talents and characteristics do you already possess and can you polish to help you at work, for example, do you have presentation and communication skills?

• What products are you excited about; need and want to use yourself?

• Are the products beneficial and interesting enough to persuade ordinary people to use them?

• How long do you need to start earning, a few months or more than a year for example?

• What is the company’s compensation plan? How much can you earn monthly?

Be sure to check the rules and regulations of the company you want to join. This is very necessary to avoid any misconduct and rule breaking.

The 21st century is called the century of direct sales and network marketing businesses. The beauty of this business is that you don’t need a business administration degree, a large investment, hiring an office building, etc. You just need determination, a burning desire for money and time freedom, a willingness to learn new things, and strong willpower to do anything to succeed. Direct sales and network marketing companies give you training that won’t be free. This training will allow you to know how to work as a distributor and develop a network.

Around the world, there are hundreds of direct sales and network marketing companies. Some are working nationally and others also internationally, allowing anyone of any creed, color, religion, and nationality to join. It is declared an excellent source of passive income and wealth creation. Some of the first few years are difficult, but after that, you don’t have to do anything. The money will come to you automatically.

If you want a great source of passive income, join a direct sales and network marketing company in your area.