|
  |
|
|
What is Residual Income
Residual Income is another term for "recurring" income. You are paid even after you have stopped working. For example, let's say that you wrote a book. You have to go through the tedious task of researching, writing and getting a publisher. After your initial investment, and as long as your book continues to sell, you will continue to receive royalty checks. Another example of someone earning residual income would be a recording artist. Take Michael Jackson for example; he still continues to receive royalty from the sales of his records made decades ago. He can even repackage the same oldies and sell them to generate new income. He doesn't have to spend time in the studio to record new songs in order to have the cash keep flowing in. We would all like to work once and get paid over and over again. That is the power of residual income! The field of Network Marketing or Multi-level Marketing (MLM) has also been instrumental over the past 60 years or so to make the residual income concept very popular and attractive. Here, you can build a network of distributors, referred to as your 'downline', and generate income outside of your own immediate effort. Working for an MLM company is one of the most feasible places to generate residual income, and so we will now take a look at the secrets to being a successful network marketer. You don't have to join an MLM company to earn residual income. You can join affiliate programs that offer a monthly service such as a web hosting, or membership websites. Remember the key is that the product should be consumable or requires renewal. Unlike many MLM companies, affiliate programs don't normally pay you beyond the first or second level so you cannot really build large organizations as in a MLM company, therefore your income is a bit restricted. In this case you will have to spread wide-create a large frontline.
|
|
 |
|
No reactions yet.
Please login or sign up to rate this intel.
Please login or sign up to add a comment.
The copyright for this content entitled "What is Residual Income" has been specified by the contributor as:
All Rights Reserved
This content may not be copied, distributed or adapted by anyone under any circumstances.
|
|
May, 2012
2008
January, February, March, April, May, June, July, August, September, October, November, December
2009
January, February, March, April, May, June, July, August, September, October, November, December
2010
January, February, March, April, May, June, July, August, September, October, November, December
2011
January, February, March, April, May, June, July, August, September, October, November, December
2012
January, February, March, April, May
|
|
Not a member yet?
Qondio is a powerful network for making it online. If you have a website to
promote, we can help.
Sign up and get in on the action.
|
|
Welcome to Qondio! Discover the awesome power this network can deliver by going to our About page. Or you could skip straight to the Sign Up form.
|
|
