The premium membership package is an upgrade to the basic membership package. It is designed for people who want to build real wealth and a large monthly income.
The only people that should pay for the premium package is people who have already built a monthly income with the basic membership package. The premium membership package is only for the serious people who want to build a large monthly income.
The premium membership package does not take anymore of your time because you teach people how it works as part of your from day one like I am doing with this lesson.
In the earlier lessons I illustrated how the Income For Life Programs pays out if each person trained 5 new people. In this lesson I am going to illustrate how the premium package increases the income potential with the same 5 people buying the upgraded premium membership package.
The basic membership package is 10 dollars a month, the premium membership package upgrade is an additional 40 dollars a month. So that brings the total monthly cost of being a premium member of The Income For Life Program to 50 dollars a month.
The basic membership pays out 5 dollars each month as I illustrated in the earlier lessons. The premium membership package pays out 30 dollars more, so 30 dollars of the 40 dollars is paid out each month to the people who have done their share of the work to earn it. Now lets look at how it is divided up into the 5 level compensation plan.
Level 1 - 14.00 dollars
Level 2 - 4.00 dollars
Level 3 - 4.00 dollars
Level 4 - 4.00 dollars
Level 5 - 4.00 dollars
As you can see the premium membership package pays out more on the first level then on levels 2 to 5. In the earlier lessons the people on your first level are the people who you invested your own time and effort to train. What this is illustrating is that if the people you train decided to upgrade to the premium membership package you would earn 14 dollars a month more each month from them. This is why we want you to take the time to train them right. Now look at the compensation plan of both packages added together.
Basic + Premium = Total
Level 1 - 1 dollar + 14.00 = 15.00 dollars
Level 2 - 1 dollar + 4.00 = 5.00 dollars
Level 3 - 1 dollar + 4.00 = 5.00 dollars
Level 4 - 1 dollar + 4.00 = 5.00 dollars
Level 5 - 1 dollar + 4.00 = 5.00 dollars
As you can see the premium membership package adds a whole lot more income earning potential to the compensation plan without having to train more people. Everything I have written in these lessons must be taught to everyone before the join so they can see the real income potential.
Now look at the diagram below so you can see the income potential of training 5 people to become teachers of The Income For Life Program.
As you can see the premium membership package gives The Income For Life Affiliate Membership Program a whole lot more income potential.
The premium membership package is the real reason to work for a company like Global Domains International. Micheal and Alan want people to retire from work with a large life time residual income so they can live out their life anyway they want to.
As I have illustrated in all of this training a person who has at least an 8th grade education should be able to learn everything they will need to know to completely understand and start building a life time residual income with The Income For Life Program. This thing is so simple you can do this in your spare time. I made this little diagram to illustrate how sharing the work load makes this a spare time business that anyone can do. All we want people to do is a small share of the work so they can share in the profits and revenue generated by their efforts.
Look at the time chart diagram below, if your goal is to find and train 5 new people who want to build a retirement income with The Income For Life Program then this is what your whole career will look like. Keep in mind that the average person can learn everything in less than 5 hours. In the diagram it is illustrating each person taking 5 hours to train 5 people with a total time involved of 25 hours.
If you use my training tools like this website to train your people then it is very possible to have a lot less of your own time involved. By using tools like this website the process of training people becomes a lot easier and less time consuming.
The premium membership package was added to the internet business system to give the members a way to make more money without doing more work. That is why the work involved for each person is the same. The premium membership package has to be taught as part of the training so people can see the true income potential of The Income For Life Program.
Adding this premium membership package does increase the cost of operation for the company. Earlier I wrote that the company keeps 10 dollars of the 40 dollars that each member has to pay for the upgrade to the premium membership package. The 10 dollars covers the additional operating cost to offer the upgrade.
We don't want people to start off with the premium membership package because 50 dollars a month is to much for people to pay before they are actually earning any of the profits and revenue.
Both membership packages have to be taught to people right up front so they can see how this internet business system works.
The basic membership package is for beginners who are just starting out and people who just want to earn a regular monthly income.
The premium membership package is for people who have already mastered the basic membership package and want to earn an above average monthly income.
The person that is introducing you to The Income For Life Program should show you all the benefits that come with the premium membership package on a computer that is connected to the internet right now, the details are in the members area.
The Income For Life Program Has Lots Of Bonuses
All of the companies I looked at that use the profit and revenue sharing business model have bonuses. The Income For Life Program has several that I believe should be taught in the training. If you are working an hourly paying job I bet they don't offer any bonuses.
The picture below is a screen shot of a few bonuses listed in the members area. It is all ways best to show this to people in person if possible.
The Infinity Bonus
The infinity bonus is one of the bonuses that I think should be taught to people right up front from day one. This bonus gives people the opportunity to earn money on the levels of people on their 6th level and down to infinity. This bonus will require a person to do a lot more work of training more people. To earn this bonus you have to set out to train at least 10 new people to become a teacher of The Income For Life Program. The people you train also have to train 10 new people to become teachers of The Income For Life Program. So you have to train 10 people that will also train 10 people. There also has to be 5000 people in your down line on levels 1 to 5 in order for you to earn this bonus. This bonus is called an override bonus and can be a lot of fun to try to earn.
The best way to go for a bonus like this is to be involved with a training facility like The Income For Life Training Center. The reason for this is you are going to have to be very serious about training a lot of people and making sure each person gets the right kind of training from day one. Going for a bonus like this means you are going to have to make training people your career. The best part of this is you can do this all in your spare time.
Teaching Is A Business
At the beginning of this training manual I said teaching is a business. I am a big fan of Robert Kiyosaki's books and his board game CASHFLOW. Robert is proof that teaching is a business because teaching is one of his businesses. Learning is a mental process especially learning how to build a life time residual income.
What Is A CASHFLOW CLUB
The B quadrant business model that Robert writes about in chapter 4 of the book CASHFLOW QUADRANT is the business model of a CASHFLOW CLUB.
Read the book because it is RichDad's guide to financially freedom.
Become a teacher of The Income For Life Affiliate Membership Program if you want to build a life time residual income in your spare time.
As Robert say's, the right business system is a bridge from the left side of the CASHFLOW QUADRANT to the right side of the CASHFLOW QUADRANT.