On Saturday 03 November 2007, hlnlovell wrote:
> I will give you a brief reminder of my situation. When I met my
> boyfriend I had no idea that he was working for a MLM. After a few
> months of dating I went to a couple of meetings and I was appalled.
> My boyfriend had been working in the computer industry until his
> company got bought out by another. He decided he did not like the
> corporate world and joined Primerica through an acquaintance. At
> first he made quite a bit of money, and then it all fell apart. I
> met him when he was going bankrupt. It took having all of his
> savings, and second mortgage money running out to finally get him to
> apply to a real job. He got lucky and on the third interview he got
> a good job.
>
> He recruits medical professionals for hospitals across the country.
> The computer program for his job was not efficient. So he wrote a
> program that allows him to work much faster then everyone else. He
> is winning all sorts of awards at work because he is able to place
> so many people. However he is still collecting money from
> Primerica. He gives Primerica $40.00 a month for the privilege of
> using their webpage! He wants a job that he can collect residual
> income like Primerica. So he is not completely satisfied with his
> current work. Sometimes I get nervous that he will return to
> Primerica. He talks about it with such affection. His things if
> only X had happened then it would have worked.
Okay, remember it clearly now. I didn't remember some details, like
whether he started before or after you met.
He's not going to find a job that pays him residual income. No company
wants to do that, since it's income they don't keep. I'm sure there
are some jobs out there that pay residuals, but the best way I can
think of to create residual income is to either write a book or make a
movie that keeps paying some kind of royalties or to create your own
business that sets up a system where people pay by subscription.
I've heard of situations where a sales person continues to make an
income on sales of things like subscriptions (the salesperson makes
some each time it's renewed), but anything like this will eventually
slack off or peter out, since over time fewer people will keep
renewing.
> Although I must say he is defiantly starting to change for the
> better. He is no longer around other Primerica people so his
> thinking is getting more rational. He wants to take a computer
> class so he can learn the latest language and be competitive for
> jobs in his field. I have watched him meet people just to talk
> rather then recruit them. He is trying to act like a professional
> by dressing and talking like someone with a master's degree rather
> then the low lives that are drawn to Primerica. I have to remind
> him not to swear or to make jokes about burping. But it is much,
> much, better then it was a few months ago.
Here's a big point for him to consider: Computer and data work has a
much better potential to provide residual income than many other
fields. Once you write a program, the effort is done and you can
resell it many times over at a fraction of a cost (to you) of the
original. Just print a new manual and burn new disks and you've got
another copy at a cost of $10 to $20.
Is it possible he could work out a deal to sell the software he's
written for his work to his own company? That might help move him over
to a computer job, if he wants, since they'd want new versions with
improvements and bug fixes.
He might also be able to use some type of auto-updating feature and,
instead of selling the program once for each company or set of
licenses, could sell it as a subscription program. Then a company
would pay him a set amount per month for a certain number of licenses
and that would include updates and bug fixes. One advantage is that
once he fixes a bug for one company, he can push it to other companies
as an update as well.
That's a few ideas you might want to forward to him. For what it's
worth, my business is based on a model like this. I sell subscriptions
to a data service. My clients pay me monthly. I have a simple program
that runs on their computers and the program that runs on my computer
does all the hard work (that includes the processes I don't want others
to be able to copy). As of now it's automated so the data is delivered
to them regularly, but I'm still working on the control programs. When
those are done, the data processing is automated and managing the
business will take very little time. He might be able to set up
something similar with the program he uses for his job.
Hal
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