Mom Pays for College

A work from home mom will gain the most rewards from a residual income opportunity over a traditional job if she gets in the right business and works it well.  A residual income opportunity is one where, by the design of your business, your business is leveraged.  That is; for the amount of resources you put into it you get a significant proportion more out of it.

One example of a leveraged business or a residual income opportunity is real estate for investment.  Let’s say you could:

• Buy a property valued at 100,000 for $10,000 down.
• Borrow the rest.  The cost to own and insure that property is $800 per month. 
• Rent it for $1,000 per month.
• Your residual income is $200 per month for an investment of $10,000. 
• This is earning you about 24% interest on your $10,000 investment.

Also included in property investment are depreciation tax advantages and property value appreciation over time (yes, I know right now property values are dropping) and you will gain there also.  So real estate investment is highly leveraged.

The risks involves include tenants that trash your property or don’t pay, decreasing property values and property loss due to unforeseen events which can be insured for.

What if you don’t have $10,000 and a great credit rating or don’t want to work for tenants? Then one of the best ways to make money is with an MLM or multi level marketing business. Everyone from Donald Trump, Robert Kiyosaki and Oprah Winfrey are claiming that these residual income opportunities are a great way for everyday people to leverage their time and limited financial resources and make good money. These people are rich. Do you think they’d be recommending you work for $20 per hour as a great opportunity when this kind of business if done properly could get you in the $10,000 per week range? This is one of the best ways to make money;  use a leveraged residual income opportunity. It is great for a work from home mom.

How is a successful MLM business leveraged? Simply stated you find several business partners and nearly everyone else you find does the same.  Everyone participating gets a piece of the pie.  The more people consuming products, the more you make.

People often refer to these businesses as scams or pyramids.  Believe me.  There may be a few mlm scams out there but most of the well known ones are very legitimate businesses with excellent products, training and resources and are designed to make you, the work from home mom, a lot of money, legally.

These are great residual income opportunities for a work from home mom since you are your own boss. You set your own hours and work as hard or easy as you want.  Rewards come from your own efforts.

Someone I heard the other day mentioned his definition of a financial pyramid and I had to laugh.  So company BCA (Big Corporate America) has a president or two, a bunch of vice presidents, executive directors and 26 levels of people higher than the workers that actually do the work, not just plan and organize it.  The people at the top make way more money than the people at the bottom.  There are less people at the top and more at the bottom.  Tell me, if you’re not the guy at the tippy-top, do you want to spend your life in this corporate pyramid?

In a legal MLM business, each and every person has the same chance to make money.  You are rewarded by your ability to add motivated team members. It’s much more “fair” that rewards be given to those who earn it. Any WAHM know about fair right?  Your kids remind you very day.

One piece of information that I have observed is that you don’t need to personally sponsor a lot of people in order to be successful in an MLM business.  I’ve heard it from three different people who are extremely successful in MLM. One has personally sponsored only 20 people and has a team of over 2,000. One person works solely using the internet and has personally sponsored 36 people and has a team approaching 4,000 and this occurred in about three years. One guy said he and his wife sponsored again about 20 people in 18 months and has built a large team and gained a significant residual income.

With most network marketing opportunities you’ll be breaking even on your investment after getting about eight people in your team.  In the beginning it might seem challenging to find people interested in joining your business.  If you make a commitment to make it work, it will. You must keep at it. You need to sort through people as fast as possible in order to succeed quickly.  Your job is to find the right people, not convince the wrong ones.

I’ll be writing more on these topics soon.  Get a copy of at least six ways a work from home mom can make money for college or anything else. http://mompays.com.  There are several residual income opportunities identified in the free audio and report. 

If you are currently involved in any kind of MLM recruiting check out this system I use to increase my sponsor rate.  Would you like to increase your business?  htp://NetworkMarketSuccess.net.