Classic Story – Bucket Carrier vs Pipeline Builder

First of all, maybe you want to enjoy the short video clip before reading my nagging..

Yup, what we are going to discuss here is about YOU.. are you currently a bucket carrier like Pablo and Bruno when they just start to work? Or you have been long be the bucket carrier without thinking the way out like Bruno? Or you are thinking, maybe working on something like Pablo did to build a pipeline?

Ok, I don’t want to sell you anything here more than the idea of differentiating between bucket carrier and pipeline builder; Bruno and Pablo. The same story has been used for especially networking marketing builders to enlighten their fellow prospects and down lines. Yes, it is very true that when you are building a network business, you are building a pipeline for the income to flow continuously. If you are interested in doing that, I sincerely wish you be enough discipline and consistent; and with that, one day you will see your pipeline giving you good passive income.

Up to here, the key word is PASSIVE INCOME. The concept here it how to build a financial vehicle that give you passive income, which is stable, secure and residual. My example above is network business, but don’t limit yourself to that.

In fact if you are smart enough in doing business, all business could be converted to your passive income source. I said “CONVERTED” here simply because, not all businesses that you are doing is by nature going to be your passive income. Only business that run based on a systemized, duplicable system is able to give you passive income. Simple example, being a chef running your own restaurant doesn’t give you passive income. Building a systemized restaurant and buy people’s time to run it for you could more likely give you passive income, which means when you are not being the chef working, you still have income given by the business entity, simply because you owns the business. In a way, you are owning a business as and investor, not the self-employed staff. It is very important to emphasize here that you have to make it systemized hence controllable and the result is guarantee with little effort. Or else you could never jump out from the business – you are forced to spend a lot of time monitoring and maintaining it.

You could be currently wage earner with no experience of doing any business. Anyway don’t stop from searching for your passive income source. The basic step is, start with some investment. Let’s assume you don’t have time to do anything extra that potentially give you passive income after your fulltime job. If you do have intention and able to, you are very encouraged to run some part time business that is able to become a pipeline of income sooner or latter. However, this is not a must though.

Just move one step backward. With your current salary, how are you going to make it your fundamental of pipeline in the future? Let say you are earning a unit lump sum a month, how much are you really put aside as SAVING cum INVESTMENT? If you do not have any, you are not going to have a pipeline. Yes, in typical case, you have one which is EPF. However, just be realistic, EPF is only accessible after you retire. Don’t you want to have something that generate income for you which is accessible at earlier stage? Yes? Then you need to adjust your habit in order to invest a part of your income starting as early as possible so that you enjoy the power of passive income earlier.

So, conclusion is, the concept of PIPELINE BUILDING is extremely broad. There is not only one single explanation for it. How do you want it to be implemented on you yourself is depends on YOU. You may want to have some discussion with people around you to find out more, or you could reach me at 0193366066 or erchongyee@hotmail.com (MSN as well). Wish to hear some comments and sharing’s.