What Is A Residual Income?

What Is A Residual Income?

What Is A Residual Income?

All businesses that exist are for profit. They produce to provide products, goods, and services to a market in need. Time, money and resources are expended for purpose of distribution. A common, uneducated person will never see all the moving parts involved in the operation of a business.

A consumer that works a job and draws a pay check may not always understand where that money comes from. They don’t get to see the revenue generating process which enables companies to pay their employees. All they know is how to do their job and account for their time.

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Short Intro To Business 2017

Short Intro To Business 2017

Short Intro To Business 2017

What is business? There are 2 definitions and the first according to Disksee is “business refers to a form of activity conducted with an objective of earning profits for the benefit of those on whose behalf the activity is conducted.

The 2nd definition of what is business is from Lewis Henry who defines business as “Human activity directed towards producing or acquiring wealth through buying and selling of goods.”  That is business and keep in mind that everything we do in the home based business industry is centered on selling and recruiting.

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Cost Of Business|Part 3

Cost Of Business|Part 3

Cost Of Business|Part 3

Today  I want to talk to you about the costs associated with being in business. This is part 3 and the final video in the series. Check out part 1 and part 2 if you missed them.

Tools will bring you the utility and capability and will end up saving you a lot of money and time throughout the longevity of your business. You need to pay for these tools because you need them. The profits from your business are going to take care of your lifestyle and well being.

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Cost Of Business| Part 2

Cost Of Business| Part 2

Cost Of Business| Part 2

If you’re in the home based business industry you need to be in one business or building one income, especially if you’re new or struggling and not producing results. You don’t need to be involved with 2 to 6 different businesses, because if you can’t make one business work then you can’t make any other business work.

There are 2 primary reasons for this and the first reason is no skill. All home based businesses require the same skill, effort, and energy to succeed. There’s nothing wrong with multiple streams, but if you’re new and struggling you shouldn’t try and take on more than one business.

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Cost of Business| Part 1

Cost of Business| Part 1

Cost of Business| Part 1

I want to start a business from home. Why should I have to pay?

If you are asking this question this mini series is for you. Today  I want to talk to you about Costs associated with being in business. This is part 1 in the series.

People always ask why they should have to invest money into something, why should I have to pay to join a company, why should I have to pay to start my own business, or why should I have to invest money to work from home. 

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Best Home Best Business 2017| Part 6

Best Home Best Business 2017| Part 6

Best Home Best Business 2017| Part 6

Opportunity with no skills will turn you into the world’s greatest spammer and pitcher. If you have skills and no opportunity you can get involved with anything you want and have success. Ask yourself how many companies have you been in the past 6 months, 2 or 3 years. 

Today  I want to talk to you about the best home based business to be in. This is part 6 and final part in the series. Check out part 5 here

Here’s some stats for you. 3 out of 4 managers feel the “ Four Cs” skills will become even more important in the next 3 to 5 years. The first C stands for critical thinking, and a lot of people in the home based business industry are incapable of critical thinking about what they are doing. This is why people jump from program to program and from business to business.

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Best Home Best Business 2017| Part 5

Best Home Best Business 2017| Part 5

Best Home Best Business 2017| Part 5

 

At some point in time you have to get tired of searching for the Best Home Based Business. If you’re a CPA Marketer that should not be where you stay for your entire career. Affiliate Marketers need to learn to develop and create your own products. It’s time to graduate into full fledged entrepreneurship. If you don’t know what it means visit the article “What is Entreprenuership”

Travel and Financial Services are fighting for the  # 4 spot. Every market has their fair share of customer and consumer base. Outside of the home based business they’re more successful than inside. Brick and Mortar still serve a purpose in this digital age. 

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Best Home Best Business 2017| Part 4

Best Home Best Business 2017| Part 4

Best Home Best Business 2017| Part 4

Fighting for the #3 spot?

Today  I want to talk to you about the best home based business to be in. This is part 4 in the series. Check out part 3 here

There really isn’t a #3 most revenue generating genre because it’s always back and forth between Trading & E commerce. Since the latter part of 2013 to the early part of 2014 whenever the devastation happened in the traffic and lead generation world, because of these 3rd party guru companies Trading and E commerce came on the scene.

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Best Home Best Business 2017| Part 3

Best Home Best Business 2017| Part 3

 

Best Home Best Business 2017| Part 3

Hey there Diana Grace Thompson here your professional internet and network marketing coach also the founder and creator of dianagracethompson.com. Empowering Internet & Network Marketers to build a strong passive residual income by leveraging the full power of the internet.

Thanks so much for taking the time to listen to what I have to say. My intention is to build as much value as I can in 10 minutes or less. Today  I want to talk to you about the best home based business to be in. This is part 3 in the series.

So far I’ve given an overview on the home based business industry and how the internet has affected it as a whole. I did this in the hopes to make you aware of the hype, nonsense, and deception that is in our industry. This will save you time in money in the long run, which will help you get to the results you’re looking for faster.

Best Home Best Business 2017

Best Home Best Business 2017

I then talked about the #1 revenue generating genre in the home based business which is health & wellness. Today I’m going to talk about the traffic, leads, and sales genre, which is the #2 revenue generating genre. Why do you think that is? If there’s a near 100% failure rate and people are joining businesses and buying into these opportunities there’s a natural desperation to earn their money back or to get into profit, right?

So they are not going to be afraid to spend money on tools, resources, and training that’s going to help them produce those results. So with 300 million people trying to seek to get in to become an active participant in the home based business industry, traffic, leads, and sales is a huge business.

From 2008 up until now you have seen supposedly brand new viral blogging platforms, supposedly all in one internet marketing tool suites, etc. These are still springing up all over the place to the point that they have been beyond my ability to keep up with them. These companies are my competition.

Work From Home

Work From Home

Everyone wants to earn money, and this is the #1 concern and the biggest thing that people are in this industry for. We all have a mutual goal of accomplishing true time and financial freedom. So if everybody is concerned about making money the first thing that they are going to do is join a company, opportunity, or buy a product so that they can qualify to earn.

People have bought into these already done-for-you systems and viral blogging platforms and lead capture systems and they didn’t get results. Well, here’s why. They weren’t taught the other skills that are required to put behind the tools and resources to produce traffic, leads, and sales. Why do you think that so many people, when asked what is the first step to internet marketing and professional branding is that can’t tell you?

Our Industry As A Whole

Bottom Line

 

Bottom line is that somebody failed to teach and somebody failed to learn. That is what’s wrong with this industry today and nobody wants to talk about it. Everybody always talks about personal development and being positive, but there’s nothing positive about a near 100% failure rate.

That being said I will talk about the #3 and #4 revenue generating genre in continuation of this series. If anything I’ve said so far has resonated with you reach out to me or check out my coaching program.

 

 

Best Home Best Business 2017| Part 2

Best Home Best Business 2017| Part 2

Best Home Best Business 2017| Part 2

Hey there Diana Grace Thompson here your professional internet and network marketing coach also the founder and creator of dianagracethompson.com. Empowering Network & Internet Marketers to LEVERAGE the full power of the internet to build passive residual income

Thanks so much for taking the time to listen to what I have to say. My intention is to build as much value as I can in 10 minutes or less. Today  I want to talk to you about the best home based business to be in. This is part 2 in the series. You can watch part 1 here.

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