Posts Tagged ‘business’

Residual Income

Residual income means the income received from time to time for something you did in the past.  This also means income from work done by other people under you in a network.
This is general related to network marketing and Multi Level Marketing. All the companies use this term to market their concept to the people.   Residual income increases with time and effort.  It gets manifold over time as the number of people in a network increases.
There are various opportunities available. Some of them are residual income from books written, from acting, from property, from real estate, saving and investment programs etc.  Associate programs are also a way to get it.  Affiliate and reselling associates are the same residual income opportunities.
Residual income varies depending on the company and the number of people in the line. Various companies offer various percentage of residual income to its members. Some offer a small percentage and some offer very good income opportunities to its members.
It will be there for your whole life if you work hard.   It is better than the linear income, because linear income comes once for hard work, but residual income keeps coming in the future.  It is best if you have exclusive right over the residual income you are getting. You should be able to control the income you are getting.
When you get some people under you in the network, then your income increases. You can earn income for the purchase of the products yourself.  You will also get share of the income others do under you in a network.  So your residual income increases three ways: one, it is directly related to you, second the other is the income from sign ups by the people under you, and third, one is related to the income or purchase by the members under you.
As your network business grows slowly, you have to put less hard work and effort. You will gain from your work as well as from work of others who will be helping you increase your residual income by their efforts.
Choose a network marketing program that offers good opportunity for its members. Look for a long term association. In the long term, you will be benefited by the income from those programs.
To make more residual income, you have to grow your business. For growing your network business, you have to promote it. Continuous effort and promotion will help you in getting a better position in the business. You will have to attract more and more people, you have to show them proof of what you say, show them the income potential from the business, and then they will think of joining you. You have to think for a long term while doing this business.  Long term techniques you better over short term tactics.
Build a team to earn more residual income. This is one type of cooperative marketing. When you cooperate and get cooperation from others, you make more residual money. Become a team leader and lead the team for better growth.

Business Partners

Along my journey I have had the honor and privilege to connect with some amazing like-minded individuals and businesses and through our relationships created not just business partners but true life-long friendships.  I know I have not made it to where I have alone and with their guidance, support and encouragement I have been able to achieve far more in my life than I would have ever dreamed possible.  I encourage you to take just a few moments to get to know more about them and even reach out to them and establish a rapport with them as well.  Your life will be blessed by doing so!


Richard Collier, Spirit strong

Spirit Strong is a non-profit organization committed to inspiring and empowering challenged athletes and individuals with disabling injuries. Spirit Strong provides fun and educational programs to schools and businesses that address a variety of subjects including disability awareness, anti-bullying, gun violence, health & fitness and more.


Michael & Dawn Fletcher, Neworld Coaching

We strive to be the #1 Global Coaching Company by providing encouragement and education combined with the necessary tools to help our clients improve their business and personal lives, whereby achieving their desired goal$.

Business & Inspiration Coaching

What is Coaching?

Business Coaching by definition is…

A “business support industry” that is aimed at helping Business Owners to…  plan, start, grow and even exit themselves from their Company.

A Business Coach has been where YOU are, and is now where you WANT to be. He/she will help you to become the best person you are in all areas of your life. All great athletes have coaches, whose sole purpose is to help their athletes achieve their goals. An exceptional sporting coach will push an athlete to go the “extra mile” , provide support when needed and most importantly…teach the athlete the execute plays that their competitors have not anticipated.

So if you think of YOUR business as a competitive sport in which you desire to do well…then you need a good Coach.

Our Coaching Success System is designed for people who are business owners, people controlling their own earnings, and those who are interested in starting their own business. Since the world of business is moving rapidly, many business owners have realized that “KNOWLEDGE is POWER!” and having a Business Coach is no longer a luxury, but a definite necessity. We will not only show you how to increase your profits and revenues, but also how to grow in your business so that you can relax more and work less.

A good Business & Inspiration Coach should be a wealth of information and have access to every resource you will need to grow and endeavor.

Coaching is distinctively different from Mentoring and Consulting.

Business & Inspiration Coaching is not Mentoring. Mentoring involves a relationship between a more experienced “mentor” and a less experienced “student”. It is usually an exchange of ideas without an exchange of money.

Business & Inspiration Coaching is certainly NOT consulting. A Consultant will adjudicate the needs of a Company and offer their services to fill that need or repair a situation or problem. A Consultant will do the work for you, whereas a Business & Inspiration Coach will inspire, advise, hold your hand, pump you up and wave you in from third…but they DO NOT run the bases for you!

True “Growth” in business occurs when the work is done by the person who stands to lose the most…the Business Owner themselves!

Do YOU need a coach?


Free Stuff

Downloads… compliments of me and my partners at Neworld Coaching!

Simply click on the title of any of these informational products and they will open for you to instantly download! ~enjoy!

  • 30 Second Verbal Commercial: Do you have a great way to explain exactly what you “do”? Using this form, you will be able to create an amazing elevator pitch that will keep anyone interested in what YOU have to say!
  • 3-5-7 Follow Up System: Try using the Neworld method for follow up from Networking events and other functions!
  • The “Days” System: discover how Neworld organizes their day to day activities…
  • Neworld’s Jar System: Are you saving for a rainy day? Do you have income that is making you “Passive Income”? Try this simple system!
  • 50 Shameless Promotional Ideas for your Business!: “No Cost/Low Cost” promotional Ideas! I bet you will say… “Why didn’t I think of that!”
  • Video Directory List: A list for you to upload and access amazing videos
  • Article Directory List: This is where you can submit all of your well written articles!
  • Yearly Self-Assessment: A workbook to help you take a look back and plan ahead!
  • Check back for more “free stuff” frequently, we are always adding more content to help you! Let us know what you think of this list. Contact Me


Low Cost Tools & Opportunities


22 social

Click Here for 22 Social

22 Social is an amazing product that helps you turn “Likes” into “Leads and Sales”.  Finally an easy to use Fan Page App turns your Likes into Real Leads, so you can drive sales for your business.  Also, broadcast and simulcast a Google Hangout webinar, training, etc. directly from your Facebook Page.!!!

About David Hanscom

A little about David Hanscom, he has been blessed to be a successful entrepreneur and part of the Entertainment Industry since 1990 and involved in independent business marketing & consulting since 1996.
He says…
I believe in the simple truth, “You can have everything in life you want, if you will just help other people get what they want” ~ Zig Ziglar.
I enjoy connecting with like-minded individuals from [imwb_cgt_cityName], [imwb_cgt_regionName] and across the country to share my experiences over the years – both good and bad – in the Entertainment Industry, Independent Business Marketing and most importantly, why I never gave up.

What are the keys to success in any business?
Take a moment to look at all of the successful people you know in [imwb_cgt_cityName], [imwb_cgt_regionName]. Regardless of their industry or background, they all share at least 3 common traits. First and foremost, they have a goal, a precise goal, and a vision. Next, they have a plan. They seek out the proper training in their respective fields and someone who can be a mentor to them. Finally, they work their plan because they understand it is an investment in themselves and their futures.
Think about this…The first 40 hours of any workweek of one’s career is strictly for survival. Beyond that, any hours put in are an investment in your future. Some say, “You survive between 9 and 5 and get rich between 7 and 2.”
You know, I sure wish I would have read these same words before I made all the mistakes I have made and spent all that money I have wasted!
After almost going completely broke, it did not take me long to realize that I need to find a better way. If I was going to be successful without having to take out a second mortgage on my home to finance it, I needed proper training and mentoring to avoid future costly mistakes. I needed to align myself with and learn from others who have already achieved the success I sought.
I knew that achieving my goals was possible but I needed help putting together my plan! The problem was where would I find the people who will help me?
Then the words rang in my ear like a beautiful song, “You can have everything in life you want, if you will just help other people get what they want.”

Finally, A breakthrough…
Things really started to move in the direction I needed to be moving in when I discovered the power of an experienced mentor, someone who has already achieved success in their life, someone who is willing to teach you how to properly create your plan and market your business on the path of success.
My first mentor gave me the SECRET. He taught me to brand MYSELF first and the reason for and value of doing so. Then he taught me about Marketing; marketing on Twitter, Facebook, YouTube and the list goes on. At first I just figured those places were for kids to chat and share pictures and videos. Then one day I watched one of those videos and it completely opened up my eyes to the power of social networks. You really can find TARGETED leads who are excellent prospects for your business using these platforms. I mean, lets face it, if you’re reading this right now, isn’t this the exact same way our paths crossed? See what I mean? Branding really does work!
My next Mentor showed me how to become a leader and understand the importance of helping others. Not just helping others, but helping others with no ulterior motive and completely from the heart. What really blew me away was he never asked me for a penny to obtain this knowledge!
It is now my mission to do the same, help others who are stuck where I once was. I still continue my daily educational efforts, my plan and my work. I still learn everyday from my mentors and even often times from my personal and professional relationships. It is a simple formula: The more I learn, The more I teach, The more I give, The more I receive.
OK, so who am I anyway and why would you even want to listen to any of this?
Well, I have a wonderful family and we live in beautiful Jacksonville, Florida. My friends will tell you I am carefree, fun loving, rather goofy, and love to make others laugh. They will also tell you I am committed to integrity, an honest day’s work and the success of all that I am blessed to be a part of. I was born in Portsmouth, Virginia and spent most of my life moving around the country (my Father was in the Navy for 30 years). I finally settled in Jacksonville in 1998 and began my quest to Discover my Ultimate Body, Balance and Business. In 2011 I joined the team from Neworld Coaching to help others, maybe even you, do the same!
For a more inside look at my personal and professional lives…
Feel free to drop me a line, add me as a friend on FacebookTwitter and YouTube or you can call me at 904-735-5275.