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Residual Income? Do you think Internet Marketing is the best? What do you think?

by Jil888
10 replies
I found this articel.

Residual Income Explained


Residual Income is another term for recurring income. In a nutshell, there are three (3) types of income streams that you may have coming into your business.
  • If you do a one-time job, sale or perform a contract, you get paid once and the income stops there.
  • If you do a normal 9 to 5 job, you will continue to get paid as long you continue to work for your employer--often called a linear income. This is the type of income that the majority of workers "enjoy." Even if you are a neurosurgeon, lawyer or engineer, you are only paid as long as you continue working. You stop working and the bank account dwindles.
  • The third type of income is the residual income where you are paid even after you have stopped working. For example, you wrote a book and as long as your book continues to sell, you will continue to receive royalty income for a work done once.
Majority of rich and affluent people created wealth through a form of residual income stream. Take singer 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! This is the most ideal situation of the three. We would all like to work once and get paid over and over again. That is the power of recurring income!

The majority of professionals that enjoy this type of income belong to the creative fields such as actors, writers, singers, and inventors.

Unfortunately, not many of us are blessed with the talents Michael Jackson has, let alone the opportunities to be in the lucrative industries. However, there is one budding opportunity for any ordinary individual today to enjoy residual income today in the 21st century.

You've guessed it: it's none other than Network Marketing!

So, what do you all think?
#income #residual #residual income
  • Profile picture of the author MaskedMarketer
    The way I see it you can make money 2 ways:

    Working for your money. Trading hours of dollars

    Or

    Have your money work for you - investing it in some way. Getting a percentage or profit from the money you put in.

    Also, investing another form residual income which I didn't see you mention.
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  • Profile picture of the author Amy Bass
    My entire business model is based around building residual income from my blogs. I love being able to put in the work at the beginning and be able to walk away and let it pay me day in and day out.
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    • Profile picture of the author Michael Shook
      While the work you already did is earning you money, you can start new projects. In network marketing, someone has to sell the soap, online, your site can do that for you.
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  • Profile picture of the author Rein
    Check if the market is saturated with the kind of product that you are selling. Network Marketing Companies has a life span of 3-5 years..
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    • Profile picture of the author Michael Lee
      Article marketing and posting content can be seen as a recurring income strategy.

      You invest time (or money) to have tons of keyword-focused content distributed all over the web.

      Once you have lots of them and got them all over the place, they advertise and work for you without needing further effort from you.
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      • Profile picture of the author Jil888
        Originally Posted by Michael Lee View Post

        Article marketing and posting content can be seen as a recurring income strategy.

        You invest time (or money) to have tons of keyword-focused content distributed all over the web.

        Once you have lots of them and got them all over the place, they advertise and work for you without needing further effort from you.
        Thanks for yur opinion, Lee..
        John, i like when you said article marketing it's like a little nest egg.
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    • Profile picture of the author Jack Bastide
      Originally Posted by Rein View Post

      Check if the market is saturated with the kind of product that you are selling. Network Marketing Companies has a life span of 3-5 years..

      UH oh I have been with my Network Marketing company
      for about 4 years

      Should I quit?

      Jack
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  • Profile picture of the author Fabian Tan
    There's this misconception about investing that money is working for you. When you put your money in equities, the market, the fund manager, the company you invest in, is working for you.

    Fabian
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    • Profile picture of the author MaskedMarketer
      Originally Posted by Fabian Tan View Post

      There's this misconception about investing that money is working for you. When you put your money in equities, the market, the fund manager, the company you invest in, is working for you.

      Fabian
      Ok Fabian,

      I guess I'd have to partially agree with you there.

      You can still have money work for you by using leverage. If I buy a commercial building and leverage private funds- essentially money is working for me. I'm leveraging money (having it work for me) to create more wealth. Thats how I view having money work for me. Does that make sense?

      I see what you mean, I just view it differently than you. I think we can both agree investing is better than trading hours for dollars?
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  • Profile picture of the author Zeus66
    This is one of the reasons I like Article Marketing so much. It helps motivate me to think of every article I write and submit as a little nest egg. It took up some of my time and energy, but if I did everything right, it should pay off many times over in traffic, list sign-ups, and direct sales.

    John
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