I once heard of a story of a young boy who one day went to his mother and said, “Mom, from this point on, I want to forfeit my allowance and start getting paid by commission.” Now, the little boy was making $7 a week for his allowance. That equals $1 a day. He had heard somewhere that a person could make a lot more money from commission based work rather than getting paid for your time. So, he came up with this great idea that he would switch from daily pay to commission pay.
The little boy then set the commission he would receive per job. The commission was 0.25 cents. So, he cleaned his room, folded and put away his clothes, took out the trash, and made his bed. The little boy made $1 his first day. Then the second day came along and he realized that the trash did not need to be taken out, his room was still clean, and he didn’t have any clean clothes to fold and put away. But he did help his Dad clean the garage for a while. So he made a quarter the second day.
He started to think to himself that maybe this was not such a good idea. So he want back to his Mom and asked if he could switch back to his regular weekly allowance. The mother told him no. He had set the terms and they made a deal. The little boy had to find a way to make it profitable for him. The little boy thought and thought of how to make this way of earning more profitable than a fixed amount. He then started to get creative around the house. He thought of dusting, carrying in the groceries, helping with the dishes, feeding his little sister, organizing the book shelf, vacuuming, and so on and so on. The boy found jobs that he could do everyday that were new and creative. He increased his earnings to twice the amount he used to make with his old allowance. He had to be creative, but it paid off.
I use this story to make a point. If you are working a job or in a business that pays you for your time, instead of for your results, you will never create as much wealth as the person who gets paid for results. Commission based business is the most lucrative way of earning. A chiropractor can only get paid for so many hours of his time, because he only has 24 in a day. Where a business card business can print millions of cards a day or more if needed, because he has a machine that does most of the work, and gets paid for results.
Find a business opportunity that can leverage your time and earn you profits while you sleep. That is true leverage and where true wealth begins.
David Allred is the author and creator of CFW. David has been teaching entrepreneur minded people how to earn a full time income working from the comfort of home for nearly a decade.
Think about it. Never miss your kids’ events, set your own schedule, choose your own income and enjoy a lifestyle and income which most people only drool over!
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