How susceptible is your income to natural disasters such as the recent Hurricane Ike? Is it subject to "certain death" if it remains where it is? The recent hurricanes Gustav and Ike have driven home how not only are people's houses and lives are in danger from natural events but also their careers and livelihoods.
My heart and prayers go out to those who have been affected by such natural forces. It can turn your life upside down. These natural forces are not limited to hurricanes but can also include earthquakes, tornadoes and floods. Most people work fairly close to where they live so their place of business is often subjected to the same forces as their house.
With brick and mortar stores and businesses, all the owners can do is lock the building and pray that it will still be standing when they get back to it. Even if the structure is sound, if that company depends on the local population for its clients, it may still go out of business because their customers are spending their money on recovering instead of their products or services.
How do you create an income that is not affected by such a situation?
One answer is Network Marketing. Network Marketing, or Multi-Level Marketing (MLM), can help in several ways. The first way it helps is because as you grow, your business develops nationally and internationally. This spreads your income out so that only a fraction of it would depend on the affected area. This means very little if any reduction in income.
The second way it helps is the residual income it creates. Residual income means that you don't have to do anything, other than set it up, to receive it. If you are in the middle of recovering from a disaster, your income will continue to come in. If you have direct deposit set up, the money will show up in the bank every pay period.
Many people take advantage of the residual income even without a disaster. Some take a few months off for an extended vacation. Other people may have personal emergencies that they attend to. Some take years off to raise their kids. If it is set up correctly, the money will keep coming in.
The third way that network marketing helps is that since most modern companies ship directly to the customers' door, there's no inventory at risk. There's no money sunk into products sitting on the shelf. This cuts costs dramatically since you don't have "stock the store" before you open for business.
The last reason that we will mention is that it's extremely portable. If you have a cell phone, you can be in business almost anywhere. If you want to add something to your portable office, a laptop makes things easier but is usually not essential. If you are forced to evacuate an area, you can travel to your destination and set up shop with minimal disruption.
Many people use this feature to run their business while they are on extended vacations. Some even use it to their advantage. One guy I know will make calls while on a ski slope to emphasize the freedom he has created with his Network Marketing business.
A Network Marketing business takes some time to develop to this point. It can take 2 to 5 years to develop it to a full time income. Obviously, you would want to "dig the well before you're thirsty."
While a natural disaster can wreck havoc on physical property and people's lives, you can minimize its impact on your income by developing a thriving, portable Network Marketing business.
Rick Rule has taken control of his life and enjoys the lifestyle he wants. He also teaches others how to become financially free to enjoy their perfect lifestyle. To see what he can do for you, visit his site at http://www.DiscoverYourOwnFreedom.com
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