Linear Income v. Residual Income

More and more people are turning to something called time leveraging to create long term Residual Income. With time leveraging, there is no hourly limit placed on your worth and money continues to come to you whether you work or not. The difference between Linear Income and Residual Income is that with Residual Income, your productive time is leveraged. That is, your time spent at work becomes increasingly worth more and more. Unlike fixed-salary employment, leveraged income has no upper limit.

Of the over 6,000,000 millionaires in the USA today, 20% who have reached affluence in the past two years have done so by leveraging their time... and they did it using something called referral marketing. It is no wonder that the likes of Anthony Robbins, Donald Trump and Robert Kiyosaki are such passionate advocates of referral marketing and developing residual income streams. As the latter says: "The richest people in the world build networks, everyone else looks for work."

Most common sources of Residual Income: Inventors, authors, songwriters, and visual artists get royalties from their creations. You earn interest on your savings account or certificate of deposit at your bank. That's as long as you keep the money in the bank. AT 3.5% annual percentage yield, you need to have $340,000 in your savings account to earn $1,000 per month. Real estate is proven way to earn good income but it requires special expertise and a great deal of money nowadays. You need to be a real estate owner to earn Residual Income through rent. It requires continuous work to generate income. Investing in stocks, bonds, venture capital, and mutual funds can be profitable, but again, they require specific knowledge and substantial capital to create enough income to live on. Residual Income business opportunities. Your earning potential is unlimited. It is the best retirement insurance - and the only method for most people.

Referral, or network, marketing is not a business but a way of doing business. Instead of paying astronomical sums to advertising agencies to market a product or service, an ever-increasing number of companies prefer to pay consumers to spread the word. An example of a company that operates in this way is Cognigen. With over 300,000 agents since 1992, Cognigen is arguably the most successful referral marketing business opportunity in the world.

Referring is nothing more than doing what already comes naturally... it's people sharing with people. When you tell a mate about a great movie you have watched you are engaging in a form of referral marketing, even though you didn't know about it and didn't get paid for it. Referral marketing is about sharing information and making each other's lives better.

Income is generated when referred customers purchase products or services. Income grows exponentially when the people we refer, refer others, who refer others, etc., etc. In other words, as the number of referred people increases (either by us or by those we referred), so does our income.

What makes this all the more exciting is the snowball effect. That's the inherent power of time leveraging built into referral marketing. Success does not depend on personally referring large numbers of people, but rather in referring and teaching referral marketing principles to only a small number of people who then go on to do the work for you... an easy and enjoyable task for almost anyone.

To better understand how time leveraging works in referral marketing, consider this: what would you rather have one million dollars or a penny that doubles every day for a month? If you chose the penny, you would have $5,368,709.12 in 30 days! Herein lies the power of leveraging time when coupled with referral marketing. This is why referral marketing, when coupled with a dynamic company, is rapidly becoming the business of choice for so many people around the world.