Business Marketing Magazine Summer 2017 January 2016 Creating Clear Businesses | Page 32

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more of these companies coming online ing economy through the business modevery year!
el of Network Marketing is much easier
with passive income built right into it.
For people seeking to diversify their in- This model allows them to make a nomcome these are easy options to utilize inal investment typically around $500
items they already own or can sell in an – $1500 to build a side income very part
online space. But none of these opportu- time while still working in their primanities create passive income streams and ry field of business or employment. It’s a
so you only get paid each time you sell or simple mini-franchise type home based
lease your service or product and the pro- business model that has many perks.
cess has a limited amount of income re- These include tax incentives as they can
lated to limited time you have these prod- write off so many of their home office exucts or services available to offer.
penses and even travel
to training and events
For those who are able to gather sub- while fitting in a bit
stantial financial resources, with master of holiday time in as
coaches like Robert Kiyosaki, (Author of well. This model also
Rich Dad Poor Dad) they often embark creates a sense of emon the passive income model by investing powerment, whereby
large sums of money into real estate prop- belonging to a group of
erties and create a passive income stream people committed to
though renting properties. They may also helping others win and
develop and improve the value of these all of them working in
properties and then sell them later on for teams to get ahead in
a hopefully sizable profit. These can be their lives both finanvery profitable investments but are limit- cially and otherwise.
ed to those with the funds to spare, who It also and offers free
have some specialized knowledge and ed- personal development
ucation about timing, real estate markets and business training
and know proper valuations of what can to those who really
often be a very fickle or changeable mar- embrace the culture and opportunities for
ketplace. As they are very comfortable learning more about business, marketing,
taking the higher risk with their capital goal-setting, working smarter instead of
they are also able to have great windfalls harder and utilizing a very powerful tool
in their portfolios. Of course this is the called leverage.
type of financial success and security we
Examples of individuals who are quite
would all love to have.
likely to jump into this time freedom veHowever, for most of us with limited hicle are seasoned entrepreneurs, people
funds and less tolerance to risk, the shar- with influence who enjoy helping their
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