Residual income and G.P.T. (Get Paid Today) are concepts that are causing a stir within the network marketing industry. There's been a tug of war going on within the MLM industry about which one of these concepts is better. So which one is better? Which is the best one for you? The answer is BOTH! There should be no confusion as to which is better because they both compliment each other. If you take the benefits of both and combine them with the top companies in the industry, you will have the perfect mix.
Combine the top company that provides the highest G.P.T. with the top company that provides you with long term residual income, and you will have "The Perfect Synergy!"
So how do you make this happen and what are the top companies that will help create this "Synergy?"
Before I get to that, let's break down both of these concepts further.
So what is G.P.T. (Get Paid Today) and why is it so important?
G.P.T. is not a company, opportunity, and it's not a product or system of any kind.
It's an answer. A solution to tiny commission checks, dwindling MLM downlines, and the "quick turn" mentality that has taken over MLM. It will allow you to put tens-of-thousands of dollars of cash into your pocket in weeks and months... Not years. The best part about G.P.T. is that you don't have to build a downline.
G.P.T. stands for: "Get Paid Today", which is a concept that summarizes the growing change of focus in the MLM industry from a long-term residual income, to immediate leveraged income.
The Premise Of Get Paid Today Is Simple:
If networkers are going to bounce around from program to program... If competing companies are going to advertise on your front door with a "better/cheaper" product, and if the cost of sponsoring a new rep continues to soar, then the answer is simple:
Get paid a year or more worth of residuals on Day One no matter what happens.
In the age of the internet, distributors come and go like the wind, so Get Paid Today. "Bigger and better" opportunities launch every six months, taking a piece of your downline with it, so Get Paid Today.
Money is worth more in your pocket today than it is next year, so Get Paid Today and invest that cash into real residual income streams outside the MLM circus like real-estate or the market.
It costs more than ever to advertise and sponsor a new rep, so Get Paid a year or more of residual income Today, instead of waiting for the $5.00 commissions to roll in over months or years.
Most networkers are only employee minded people pretending to be entrepreneurs, which means they'll rarely do what it takes to be successful, so Get Paid Today for your time and training whether they build a business or not.
White collar professionals aren't interested in working 3-4 hours a night selling vitamins for a $500 - $1,000 check, so offer them a vehicle that they can Get Paid Today, and realistically make $10,000/mo within just 5 to 10 customers a month.
Building a MLM that pays out $10,000 per month requires building a downline of thousands. Get Paid Today and make $10,000 with just 10 customers or less.
G.P.T. Models Are Currently Found In "Top Tier" Opportunities.
We call them "Top Tier" because of the caliber of people they attract, and the high-level incomes they can produce compared to traditional MLM.
Most, (but not all), are characterized by a "Two-Up" compensation plan, a product or service that is retailed in the $1,500-$2,000 range, and pay out a $1,000+, up-front commission on the sale of that product or service.
One of the primary objections made by networkers against Get Paid Today, Top Tier programs is that there's no residual income.
But Is That True?
Well as this business model develops, residual income has been integrated into several compensation plans already, but there's another angle that needs to be considered regardless of that...
When you make a $1,000 commission, it's like you're getting paid a year's worth of residuals up front on Day One with a product purchase, whether the new rep goes on to build a business or not.
How large of an organization would you have to build in order to make $4,000/mo in a traditional MLM?
What is Residual Income and why is it so important to your long-term success?
"Residual income (also called passive or recurring income) is income that continues to be generated after the initial effort has been expended. Compare this to what most people focus on earning: linear income, which is "one-shot" compensation or payment in the form of a fee, wage, commission or salary."
"Linear income is directly proportional to the number of hours invested in it (40 hrs. of pay for 40 hrs. of work), but one of the great advantages of residual income is that once things are set in motion, you continue making money from your initial efforts, while gaining time to devote to other things... such as generating more streams of residual income!"
"True residual income is money paid in the form of a commission for sales that you make or that are made by your sales organization as over-ride commissions. It becomes residual if it is paid to you every month after the initial sale. The only way commissions will continue is if the customer develops loyalty and value for the product or service. It must be something that continues to pay month after month, and the quality and service must be highly valued by the customer."
"Continuation of residual income is dependent on the continuation of the company. It must be well financed from the beginning, and it must have an outstanding track record of customer service and satisfaction."
Some examples of passive income are:
Earnings from a business that does not require direct involvement from the owner or merchant; Rental from property;
Royalties from publishing a book or from licensing a patent or other form of intellectual property; Earnings from internet advertisements on websites;
Residual income, repeated regular income earned by a sales person, generated from the payment of a product or service, that must be renewed on a regular basis in order to continue receiving its benefits;
Dividend and interest income from owning securities, such as stocks and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income. In the United States, portfolio income is considered a different type of income than passive income; Pensions.
As you can see after reading about these two concepts, it's difficult to say which one is better than the other. Each one has their own benefits. If you can see the vision that both of these concepts bring together and partner with the top companies that provide you with these concepts, you will then have the "Perfect Synergy."
Since there isn't one true company out there today that provides you with both of these concepts together, it's very important to choose the right companies to partner with. Make sure you partner with the top company that provides the highest G.P.T. as well as the top company that gives you the best chance of developing long term residual income.
If you make the right decisions and partner with the right companies, you will become a top Multi-Preneur and have complete financial security.
For more information about GPT, Residual income, and to read "The Coffee House Letter" in it's entirety visit http://lucienbechard.com/get-paid-today-and-residual-income
For more information about the author visit http://lucienbechard.com
*Information regarding residual income was referenced from Wikipedia, SynergyResidualIncome.com, and 4hb.com. The information about GPT was referenced from a letter called "The Coffee House Letter."
