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

31 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 www.businessmarketingmag.com