Three years ago I learned how to turn my supplement expense into an income stream.
And it’s the story I want to share with you today.
A Random Guy on Social Media Becomes my Mentor
I still remember this moment vividly.
It was Sunday night.
Kaci and I had the mattress out in the lounge room.
We were watching MAFS (Married at First Sight) – our guilty pleasure.
I was scrolling Instagram during the ad breaks, and a post from a guy I’d been following for ages popped up.
I loved his content (he also spoke about money and wealth like me), and I’d been wanting to reach out to him to build a connection.
So I decided to buy his e-book.
I immediately downloaded the book and started reading through it at lightning speed (while I had one eye on MAFS).
I was hooked!
I love geeking out on all things money.
In his book I learned about the three types of income:
- Active Income (from your job)
- Residual Income (from business systems)
- Passive Income (from your investments)
I was already earning active and passive income, but I was not aware of residual income.
A gap opened up for me.
“How the hell do I start earning residual income?”
As soon as I finished reading the book I messaged him on Instagram and started a conversation. After some back and forwards he invited me onto a Zoom call to connect.
We instantly hit it off.
We connected over our passion for investing in the stock market. He was ten years ahead of me on his journey, so it was great to hear his strategy for how he built a million dollar share portfolio in his 30’s (something I wanted to do).
He told me his secret was earning all three income types.
- Earning active income from your job
- Building an online business to earn residual income
- Using your residual income to build your share portfolio
I could see step two was missing for me.
While he worked his day job he built an online business in his spare time. After a few years of building it, he reached a point where he could retire his wife and quit his day job.
I was inspired by his story and it opened up a whole new world to me.
I learned how some companies use different marketing strategies to share their products.
Instead of paying millions of dollars in advertising, some companies pay their customers ‘referral bonuses’ for sharing their products with others.
Why?
Because word of mouth referrals are the most powerful marketing method on the planet!
It’s what good businesses do.
I do this in my coaching business. If someone refers me a new client and they sign up, I pay the referrer a $500 referral bonus to to say ‘thank you’.
The company he had aligned with was a company that paid referral bonuses in the health & wellness space. He’d been using their products to get in the best shape of his life and earn a serious income on the side (I’m talking $5,000+ per week).
This was a big tick for me because health has always been my highest value.
And if I could find a way to get paid for being healthy – how good would that be?!
I had nothing to lose, but everything to gain.
So when he asked me if I wanted to give it a go, I enthusiastically said ‘yes’.
He sent me a link, and I invested $450 to purchase my first supplement pack.
The Call to Adventure
Later that week, before my pack had even arrived – he reached out to me.
“Hey Dan, there’s a corporate event the company is running in Melbourne in a couple weeks time. You should come. It will be well worth your time.”
WTF!?
At this point in our relationship, I barely knew the guy.
And here he was inviting me to some event in Melbourne before I’d even tried the supps!