Tuesday, March 24, 2015

A stream you want to fall into!

A little industry info:  "the residual income stream that grows itself".

At this point you may be thinking to yourself, "so what, many financial products produce residual income for the sales people and providers of the service." This is a good point and it's exactly correct. Let's take insurance for example. Premiums create a residual income stream for custodians of the account as long as the client maintains the policy. The difference between insurance and other financial products and merchant accounts is that the residual income stream that merchant accounts produce is dictated by the merchant's gross sales. Merchants pay more profits into the pockets of providers as their business increases and their gross credit card sales increase. So not only do merchant service providers gain a self-sustaining, residual income stream by signing a merchant account – that income stream grows itself! (Source:  http://www.merchantcouncil.org/merchant-account/operation/merchant-account-residuals.php)
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Isn't it amazing that one merchant that you sign personally, on whom you get 20% of the processing profit each month, might grow and grow and grow depending on that merchant's length of time in business and his revenue growth!  

I can't think of anything else residually with the expected potential to grow like that  from just one single customer.

And how about from EACH merchant?  It's really exciting to think about!

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A nice retirement account of growing merchant accounts who are generating monthly revenues of double-digit percentage points on which you're getting paid sure sounds better than this:

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The average interest rate for savings accounts is about 0.17 percent APY. But some banks are more generous than others.  (Source:  http://money.usnews.com/money/blogs/my-money/2015/01/16/the-10-best-savings-accounts-in-2015)


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Top Agent Lety Rodriguez explaining MG features to a local merchant.

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