In this post we consider examples of how to get a share of a micro business income.
Example 1 (getting a share of a micro business income for free)
To get a share of a micro business income for free, a person need to join an income sharing program of this micro business for free and refer some customers, which become direct referrals. These customers refer new customers, which become indirect referrals (see blue graph below).
Now, the person has income from this micro business. This income is proportional to a number of total referrals (direct and indirect). This is equivalent to having a share of the business equal to a ratio of total referrals/total number of customers.
Suppose that the person has 10 direct referrals and each of them has 10 other referrals. The total number of referrals (10 direct + 100 indirect) is 110. If the micro business has 1,100 customers, then the person has 10% share of the total customers and has income from this micro business proportional to this share. Income from indirect referrals is passive income and does not require from you any efforts to get it.
Now, consider a comparison of this case to other case in which you had referred the same number of referrals, but do not have any income from sales generated by your indirectly referred customers (in our case 100), which is a typical case of refer a friend program or an affiliate program. Ask yourself this question: Is it fair?
Example 2 (getting a share of a micro business income for a small fee)
The more levels an ISP has the higher is a potential to have a higher share of income, because more total referrals the participant may have. If we look at ISP in [1], we find that it has 4 levels payment scheme. To get income from this scheme the person need to buy a license for the product, which is $29/year. Suppose, that everyone has 10 referrals then the total number of referrals is 11,110.
If the micro business has 44,440 total customers then the person has 25% share, for a small fee of $29, and the income from this micro business is proportional to this share.
Many crypto gaming companies offer multi-level referral programs similar to income sharing programs, but income per a referral in crypto gaming is in the range from less than 1 cent to about 20 cents, which is from 10 to 100 times lower than in income sharing programs.
In addition to having regular passive income, participants of this ISP will help reduce injuries, suffering and deaths caused by errors in medical diagnoses.
In the next post we consider a simple way to decipher the King Solomon’s proverb.
References
[1] A simple way to get stable regular yearly income from income sharing programs.
[2] Introduction to referrals
https://www.referralcandy.com/blog/referral-marketing-101
[3] Referral Marketing 101: The Ultimate Beginner’s Guide
[4] The Best Ways to Earn Money with Referrals
https://medium.com/geekculture/the-best-ways-to-earn-money-with-referrals-5e3fa03613d4
[5] How to Earn From Your Social Media Reach: Referral Programs
https://www.referralcandy.com/blog/earn-from-your-social-media-reach-referral-programs
