What Is Residual Income?
Residual income is when you continue to get paid after the work is done.
dōTERRA’s Residual Income
The dōTERRA business proposition works like this:
What dōTERRA does;
dōTERRA source, test, package, and send all products. They do basic customer service on all packages, they provide support, they process all payments and returns. They create and source new products. They provide account managers and business support to assist us. They provide the technology and software to support us. They provide conventions, leadership summits and regional product trainings.
What We do;
We market the dōTERRA product to find customers for dōTERRA products. We utilise dōTERRA trainings and technology to support people to understand doTERRAs products more thoroughly. We teach other people how to use all that doTERRA offers to create an income like we are doing.
dōTERRA pay us a percentage of all orders underneath us from people we directly introduce and people who have been introduced by others (Percentage is just one way you earn residual income with dōTERRA).
It very easily snowballs from introducing 10 people, 3 of whom introduce 10 people, 3 of these introduce 10 people. Very quickly you could have 100s of people and even 1000’s of people all adding to your residual income. This will continue if you are continually finding new people and teaching them how to utilise dōTERRA’s resources.
Why is Residual Income with dōTERRA so Powerful?
Residual Income is so powerful and desirable for four reasons:
1. Time Freedom
Once the initial inertia and hardworking of build your Residual Income has been achieved you can then decide how much energy you continue to put into your business or start other ventures or follow other passions. Once you have covered the earnings you need to live you have the time freedom now to follow any path you want.
2. Uncapped Earnings
Residual income means the harder and smarter your efforts the more you are rewarded and unlike a salary there is no limit to how much you can earn. Its all dependant on your efforts. Earnings from residual income can be extremely large and can continue to grow with more effort.
3. Continuous Earnings
Residual Income is so desirable because once you have built it to sustainable level you will continue to earn from it with very little effort. It will pay you every month. Depending on how strong the foundation is for your residual income will depend on how much continuous effort if any is required.
4. Be your Own Boss
Residual Income gives you the opportunity to take control of your work. And be rewarded for your efforts. You have control of almost everything. This is very empowering.
What is a Residual Income Business Worth?
To put this in to the dōTERRA business perspective if you are earning £100 a month with dōTERRA currently that is £1200 a year. To get £1200 a year from a savings account earning 5% you would need a lump sum of £24000 sitting in that bank account.
So you have built an asset that is worth to you £24,000.
If you are getting £10,000 a month which is £60,000 a year. Your asset is worth £1.2 million effectively to you. How amazing is that! And thats not even taking into account the Goodwill of your business revenues increasing.
Residual Income is amazing and can be built very quickly. Most people don’t understand the power of residual income.
