If you don’t have a brilliant business idea, here are a few ideas to be paid for your results:
- Become a commissioned salesperson. If you’re good, you can earn a fortune. Selling is one of the highest-paid professions in the world.
- Join a network marketing company. If you work hard, put in the time and attention, your income can range $20,000 to $50,000 a month.
- Exchange your “job” for a “contract.” Form a company and offer to your boss to do basically what you’re doing now. There are many advantages to both of you. Then you can add one or two clients, hire others to assist you, and before you know it, you’re running your own full-time business.
Of course, there are many other ways to create a massive income for yourself. And it all comes down to what my dad said: “You’ll never get rich working on straight salary for someone else. If you’re going to get a job, make sure you get paid on percentage. Otherwise, go work for yourself!”
Action #1 If you’re currently being paid an hourly wage or a salary, create and propose a new compensation plan for your employer. Set it up so you’re paid at least partially on the results you create and the profits of the company.
If you own your own business, create a compensation plan that allows your employees – or even primary suppliers – to get paid for their results and corporate profits.
Action #2 Start your own business. You can do this part time. Join a network marketing company. Become a coach, teaching others what you know. Offer your independent consulting services back to the company you originally worked for – but this time, make sure you’re paid on performance and results instead of time.