Residual Income
Before I became an Amsoil Dealer, I explored another potential career path; That path was in the insurance and investment business. I knew a lot of people in this business and one thing was crystal clear; they all made a boat load of money. One day I sat down with a gentleman who proceeded to explain the dynamics of residual income and how it worked in the life insurance industry. The definition of residual income is “money you continue to earn for work you do once”. This is how it works in the insurance industry.
A good example is a life insurance policy; You approach a good friend who is 23 years old and soon to be married. He also mentions that him and his new wife plan on having children very soon. Now would be good time to sit down with this couple and explain the importance of a solid life insurance plan. From this point the new client makes his first premium payment and the insurance agent receives a commission. Fast forward 1-year and what happens next? The premium is do again and just like the previous year the insurance agent receives another commission, but did not have to sell him another policy. Residual income at its finest.
Why as an Amsoil Dealer on a Amsoil website am I taking the time to explain what residual income is? Two reasons; first most people have never heard the term before and second, it is without a doubt the most overlooked benefit to becoming an Amsoil Dealer. I have personally evaluated several business opportunities and beyond just having the best products in your industry the income potential must be attainable. If you are serious about making money and want to evaluate a business opportunity then listen closely.
Understand How Money Moves Through Amsoil
Few Amsoil Dealers rarely grasp the true potential of just how money moves through Amsoil. First, if you think by becoming an Amsoil Dealer you will be purchasing Amsoil products at reduced “dealer pricing” then trying to sell them to your friends and neighbors at retail prices STOP RIGHT NOW!!!! There’s another word for this and it’s called “peddling” and if you attempt to peddle the products you will fail and quit. This approach has never worked and never will so immediately stop thinking that you have to “sell to your friends”. In 22 years I’ve never retailed one Amsoil product.
Without any doubt the biggest misconception about this business is you have to sign up other dealers to make money. Nothing could be further from the truth. I’m just going to lay my cards down on the table and say it. I’ve heard the word pyramid no less than half-million times in the last 22 years. Each time I heard it I challenged the person to give me the exact definition of an “illegal pyramid” and also offered them $5,000.00 bucks if they got the answer correct. I still have my $5,000.00 bucks. All people know is that pyramids are illegal, but they don’t why, I however do. The bottom line is this; you can eventually make a 6-digit income and NEVER sign up one dealer. That’s a fact I can prove so if you want to the exact definition of an illegal pyramid just call me.
Earlier I stated that the residual income aspect of the Amsoil business was the most overlooked. While I explain this please keep this in mind. My first commission check from Amsoil was for $2.87. After my first full year I was barely making $300.00/month. Then I started to put the pieces together. I was taught some very simple sales concepts by the Direct Jobber (which is the position I hold now) that signed me up. The pieces started falling into place and I started to acquire several nice accounts. I have several accounts that I’ve had for 20+ years that are still paying me commissions to this day. Are you beginning to see the residual income potential of the Amsoil business?
Why Residual Income Is Important To Understand
There’s no better example to give than myself. To be truthful I haven’t done much of anything with my Amsoil business since January 2015. It was at this time I was diagnosed with Parkinson’s and it obviously devastated me and my family. The Columbus Police Department, where I worked as a Sergeant, forced me to retire (six years before I planned) because I obviously couldn’t perform the physical requirements nor could I shoot my gun. Plus, the two years prior to being diagnosed I went through four major surgeries and did very little with my Amsoil business. Had I owned any other type of business such as a restaurant or perhaps a landscape business once I stop working the money stops rolling in too. My Amsoil commissions never stopped during my medical crisis.
If you don’t take anything away from this article then consider this. Forget everything I said about residual income. Try to look at Amsoil as an insurance policy. When I started with Amsoil at age 39 I wasn’t planning on getting Parkinson’s at age 57. I lost over 50% of my income overnight, but because of a strategic insurance policy and my Amsoil business we got through a very difficult time. Even though I’m confined to a walker and can’t drive I can still be of value to you. If you are serious about owning your own business and willing to put forth the effort to understanding the Amsoil product line then lets talk. I can share the strategies I used to build my business.
What I Am Looking For
- Amsoil Dealers looking to make an extra $500-$1,000/month
- Must be willing to learn the proper applications of Amsoil’s core products
- Learn a few of Amsoil’s administrative procedures; registering commercial/retail accounts, signing up Dealers and PC’s
- Although not a requirement individuals with a mechanical/mechanics background do very well in the Amsoil business
- A working knowledge of the Amsoil look-up guide
- Be able to login to Amsoil.com and complete the entire course work at Amsoil University, which includes becoming T-1 certified
My goal with this article was to get you to see that Amsoil is a viable business opportunity. I use the example of residual income to steer you away from thinking that you would be buying a bunch of Amsoil products then trying to peddle them to your friends. I hope I achieved that small goal.