DID YOU LEARN THIS IN SCHOOL?
Did they even teach The BIG Picture? Were you shown any
of it by your career counselor or whoever else helped you make your original
career choice before you made it?
THE FOUR TYPES OF INCOME IN THE WORKING WORLD TODAY
1. Linear Income
a. Salary: You work so many hours, you're paid so many hours.
b. Sales: You make so many sales, you're paid so many sales.
c. Services: You perform so many services, you're paid so many services.
-When YOU stop; your INCOME stops.
-To expand your income you must work more hours and/or hire people.
-Either way, growth is linear too, and you always have to be there.
2. Residual Income
a. Continuing royalties on patents.
b. Continuing royalties on copyrights or performances.
c. Payments on renewals of memberships, subscriptions or insurance
policies which were originally sold by you.
-These tend to dwindle over time and finally peter out.
-To expand your income you must work faster and/or hire people.
-Either way, growth is only linear, and you always have to be there.
3. Franchise Income
Continuing payments based on gross volume produced by franchises you
originally sold as a master franchisor or franchising company owner.
-Doesn't peter out, but may suffer in recessions.
-To expand your income you must sell more franchises (growth is linear)
or introduce new products (slightly geometric).
-Either way, you always have to be there.
4. Multiplex Income
Continuing payments based on gross volume produced by franchises which
you originally sold as an independent agent, plus franchises they
originally sold as independent agents, plus ones they did, and so
on, out to a predetermined finite limit. You are both a franchisee
a franchisor. This is Network
-In consumables this tends to keep growing even in recessions.
-Once you find your key people, growth can become wildly geometric,
explosive, even exponential .....and you don't always have to be there.
Copyright 1991, 1993, 1995, 1997 R.Gaber http://www.FreedomKeys.com/1stepindex.htm