What new economic initiative? It’s called SOCIAL PRODUCTION, the next evolutionary step above social networking. This means you can now apply your workplace skills, education or area of professional interest online and increase your professional income at least 3 times over and you can do it part time.
In simple terms:
- You show up for work online part time for a new online system called the Income Reengineering Business Development Network (IRBDN), say 7 to 10 hours per week, and do something similar to what you currently do in your job or business or you can apply your natural skills, knowledge or education across the IRBDN system.
- Once you secure one of these part time positions, you will work for a co-owned enterprise where you will be a co-owner of the enterprise you work. You secure this co-ownership benefit without having to invest any money. Just show-up for work online, part time.
- You earn income according to productivity based compensation, ownership equity and the residual income equity benefit where you can earn at significant part time income with a focus on OWNERSHIP and BUILDING WEALTH.
This is possible because the co-owned enterprise you will work for is not owned, financed or sponsored by any traditional company or corporation. Instead, it is created, crowdfunded and staffed by a massive network of your peers operating under the umbrella of the Income Reengineering Business Development Network (IRBDN).
What is Social Production?
The Institute of the Future defines social production as “production that draws on contributions from a large networks of people, enabled by social technologies, to create new kinds of wealth”. Also, Don Tapscott, author or Wikinomics, voiced his feedback on social production in the following video clip:
This means a large number of people can use social technologies to collaborate, create and crowdfund their own jobs and businesses from ground-up without having to rely on government, politicians, big banks or the jobs created by traditional companies and corporations. This will usher in a new era of prosperity, income and wealth for all in 2017 and beyond. The operational part of this is formally called the Income Reengineering Business Development Network (IRBDN). We over more insight in the content below.
The Income Reengineering Business Development —- How Does It Work
Consider the following:
- Instead of just using the internet and social media platforms for basic messaging, photo and video sharing;
- Under social production, people will learn to use the internet and social media platforms to form, crowdfund and run new co-owned enterprises online part time WITHOUT needing the help or support of corporations, banks or financial institutions.
What are co-owned enterprises?
What if you and 10 other part time or moonlighting entrepreneurs met after work in a garage to map out a team business plan. Each of you agreed to work part time and perform a specific function to support the plan and each of you agreed to share and benefit from co-ownership of the resulting enterprise.
In this scenario, you and the other ten entrepreneurs will operate a co-owned enterprise. However, in this case, the garage is online operating under the umbrella of the Income Reengineering Business Development Network (IRBDN).
- All co-owned enterprises will be crowdfunded by the IRBDN system anywhere from $5,000 to $1,000,000 depending operational needs; and
- Once co-owned enterprises have a viable product or service to market, the product or service will be marketed and promoted by the IRBDN system to a massive captive audience of IRBDN supporters, which is projected to grow well into the millions in the not to distant future.
Co-ownership means OWNERSHIP and ownership means WEALTH for all participating entrepreneurs who work in one of these co-owned enterprises.
- Now, IRBDN is geared to support the formation of co-owned enterprises that are ran by aspiring entrepreneurs moonlighting part time over the internet;
- It will be a free membership similar facebook; and
- No one will have to invest in money to become a co-owner. Again, all co-ownership projects are crowdfunding by the IRBDN system. Therefore, all people have to do is just show up for work online part time.
- Anyone with an internet connection and 7 to 10 hours week can work for one of these co-owned enterprises part time;
- They can work within their career field, field of expertise and/or educational background; and
- Earn immediate part time income while building significant wealth through ownership based compensation
What this means to you is that can go to work part time online for one of these co-owned enterprise and, not only earn immediate part time income, but BUILD WEALTH through ownership based compensation as a co-owner.
The Income Reengineering Business Development Network (IRBDN)— How You Earn Income
First, here’s a visual representation of the new Income Reengineering Business Development Network (IRBDN)
As you can see, you can earn up to 3 income resources: productivity based compensation, ownership equity and residual income equity benefits:
- Productivity Based Compensation: This is a negotiated fee for the professional service you provide to the enterprise. You get paid each time you produce a value for the company. It could be daily pay, weekly pay or whatever. The beauty here is that you have real time control over your pay. You are not limited to a pre-determined hourly wage or salary. So, if you want to get a raise, all you have to do is increase your productivity and you will receive that raise immediately through your productivity based compensation;
- Ownership Equity: This is where your build long term wealth. You share in the profits of the company while you work there. Enterprise are 100% owned by originating entrepreneurs and workers, no outside investors. This increases the value of each employee ownership share. Now, once you decide to leave, you will have to “cash out” your ownership share so that the company can maintain 100% ownership among active employees. Once cashed out, you can either put your money in the bank or reinvest and buy ownership shares with your new employer and continue to grow and expand their wealth; and
- Residual Income Equity Benefit: You earn a percentage of proceeds each time a product or service is sold by the company. The percentage is paid whether you work as an accountant, engineer, project manager, administrative support or whatever. When you leave the company, you will continue to receive a percentage of the proceeds for a negotiated period of time similar to how movie actors earn income each time a rerun of a previous movie project plays. This percentage is paid immediately each time a company sell a product or service whether sales are made daily, weekly or whatever. It doesn’t matter whether the product or service is sold over the internet, over a retail counter or whatever. This links your income to real time revenue produced by the company similar to the way business owners earn income.
The focus here is WEALTH BUILDING , especially with the ownership equity and residual income equity benefit. Again, you can do this part time over the internet, which makes it extremely easy and comfortable for you to build significant wealth.
IRBDN — Growth and Expansion
We grow and expand the Income Reengineering Business Development Network (IRBDN) according to the following four (4) stage business plan:
- Prelaunch to Stage I (Early Introduction): Early education, project creation, staffing and laying the foundation for Stage I crowdfunding
- Stage I (Early Growth and Development): Empower the Crowd First Crowdfunding System (ECFCS) — crowdfund business projects originated during prelaunch;
- Stage II (Building the Foundation): The Gradual Entrepreneurial Allocated Resource System (G.E.A.R.S.);
- Stage III (Main Operations): The Virtual Income Machines (virtual wages, virtual dividends, virtual bonds and virtual stocks);
- Stage IV (Corporate Integration): Corporate restructuring and reengineering toward promoting entrepreneurship, worker ownership and wealth building in the mainstream workplace.
Each stage or phase is underwritten by a aggressive new crowdfunding solution, which is required to fund the business projects running under the system:
- Stage I crowdfunding solution is called the Empower the Crowd First Crowdfunding System (ECFCS);
- Stage II crowdfunding solution is called the Gradual Entrepreneurial Allocated Resource System (G.E.A.R.S);
- Stage III is the Virtual Income Machines (virtual wages, virtual dividends, virtual bonds and virtual stocks).
As this system expands stage by stage, we anticipate forming thousands upon thousands of these new co-owned enterprises, creating millions of new online staff positions and help millions build significant wealth by working online part time within their career field or field of professional interest.
If you want to dig deeper into the IRBDN system and Income Reengineering, start with the article on What is Income Reengineering.
Do Your Part: Choose Your Support and/or Participation Options
Let’s quickly revisit the definition of social production: “production that draws on contributions from a large networks of people, enabled by social technologies, to create new kinds of wealth.” With this in mind, the only way the Income Reengineering Business Development Network and the associated vision can become a reality is for a large number of people to support the growth, development and expansion of the system.
IRBDN is in early pre launch stage and we need your support and participation. You can help by choosing one or more the following support/participation options:
- Option #1 (Support): If you haven’t, share or like this blog post across your social media networks. The first step in bringing this social production campaign to life is to get the word out. If you skeptical at this point, then dig in and learn more.
- Option#2 (Support): Offer your feedback below in the comment section below— positive or negative. Your feedback is critical to development and research efforts;
- Option #3 (Support): Support our early prelaunch fundraiser by purchasing the e-book: Position Yourself NOW for the Coming Wealth Building Revolution. This e-book offers you an overview of the income reengineering vision and how IRBDN will effectively lay the foundation for this vision. You will get early insight into the new jobs, innovations, businesses and spinoffs that could materialize as a bi-product of this vision. Purchase NOW!
- Option#4 (Participate): IRBDN is a free membership. So, get involved, learn and participate in IRBDN operations part time online. The entrepreneurial and part time income production benefits are enormous. Start here.
We appreciated your support and/or participation.