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For most people, achieving success in Home Based Business means a lot more than just earning more money. It also means more time freedom, more relationship freedom and a better lifestyle. It means paying off the bills, getting out of debt and having more peace of mind. It also means having money flow into your bank account every single month, whether you work or not.
So, in order to achieve great success working from home, you must first understand the difference between, Leveraged Income, Linear Income and Passive Residual Income. Let us take a look:
Income Type -1 or Leveraged Income
It is a little better than Linear Income, but still not that great, because your income is based on the efforts of those who earn linear income. This is where you can get paid from the work of others, like being a small business owner or a manager. However, leveraged income does not offer real security, because linear income employees, can quit, find a higher paying job or start their own competing business.
Income Type -2 or Linear Income
It is income generated by working at a job. When you work, you get paid. When you do not work, you do not get paid. This is how most people live their lives and why those who only work for Linear Income, can never stop working.
Income Type -3 or Passive Residual Income
It is the income that allows ordinary people to achieve extraordinary success in a Home Based Business, because every distributor has the same exact opportunity to gain. This means that anyone, regardless of where they live, how old they are or what their experience is, can earn as much or as little as they like, based on their own commitment and effort.
Think about it.
Corporate icons are topping daily, massive job terminations and pension defaults are commonplace and globalism is in full swing. There has truly never been a better time to be self-employed or a worse time to be faithfully employed.
Airlines are experiencing turbulence financially. GM and Ford are moving toward bankruptcy and jobs are targeted for rightsizing, downsizing and outsourcing.
If you take a new job today, in four years the statistics say that you will be jobless again. So much for job security in the 21st Century!
Indeed there has been a sea of change, and the Silent Revolution, whereby a new Home Based Business is started every 11 seconds. The U.S. alone is in full swing.
Success for a work at home business will be realized when you have the work at home business up and running while analyzing for things that actually do not work and should be removed. This move will refine the workload according to things that matter. You can also opt to divert answering customer emails that you may receive to outsourcing firms who will handle it for you. Eventually, you can move on to another project or travel the world for that matter because of the success of your work at home business.