Home Business Income Opportunity Definitions

3-way calls - More than just a great way to keep in touch when you're apart, in network marketing, a 3-way call is an essential business-building tool. It allows you to talk with two people at the same time, making it into a 3-way conversation. When you're new, you're able to “listen in” while your sponsor takes the lead in training your new team member. As you build your business, 3-way calls enable you to leverage your training time with your own new team members.

Leveraged Income - Money you receive because of someone else's efforts, giving you leverage or a strategic advantage.

Linear Income - Income you receive for trading your time. In other words, you must work to be paid. When you stop working, your income stops too

Passive Income - Money you continue to earn on an enterprise that takes little or no ongoing effort after the initial work is done and doesn't require active involvement from you.

Residual Income - Money you earn over and over, month after month, from work you do just one time.

Upline - In network marketing, your upline is made up of those who got started before you, including your sponsor, and are part of the previous generation(s) on your business “family tree” or genealogy.

Virtual events - Gatherings of people who are connected though the web rather than a physical location. They may include presentations, trainings or interactive meetings. They often include both computer and phone connections, allowing participants to see and hear the presentation and participate in the dialogue. They are often recorded, so they can be accessed repeatedly, any time of the day or night.

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