You can create a RESIDUAL INCOME stream!
An income that came in every month. An additional $500, $1,000, $2,000, $5,000+ a month. Every month. For the life of the account. That’s very possible. There are a lot of residual based businesses. Insurance, telephone, health club, and alarm companies to name a few. Same is true in the payments industry.
Think about this:
Sales Person #1: works for a company making $75,000 a year, has a mortgage, car payment, and a couple of kids. Monthly nut $6K.
One day he sees a nice toy he wants – car, boat, bike you name it. It’s going to cost him another $500-$1000 a month. Reality strikes – the only way this is going to happen is he either gets a really big raise or he starts saving $200 a month for several years.
Sales Person #2: He is a SUB AGENT in the credit card processing world. GrowthComm. He has the same expenses as Sales Person #1. His residuals are about $6K a month, some months higher if he sells some terminals etc. He sees the same toy. He puts pencil to it. He realizes that if he adds 8 more accounts a month, moves a few ancillary products, in about a year – BINGO, hello toy store.
Lesson: When you are salary or hourly your income typically is stagnant or increases in a series of plateaus, often years apart. Very common.
A merchant Services sales person on the other hand should see more often than not, an ever increasing rise, month after month. And if you don’t, you are in the wrong business. You will always have a chance at getting your new toy IF you are in commissioned sales with recurring or residual income. Want a raise? Sign another deal……and we’ll help you.
Think of the possibilities.