Why Passive Recurring Residual Income Is Better Than Work
by 4 people |
Ranked #8,357 in Business, #120,108 overall
The definition of Residual Income
Do you understand the concept? It is really quite simple: "Do something once then get paid over and over again, for that initial action!"
Just as the songwriter like John Lennon or Paul McCartney, writes a song once then gets paid a continuous stream of royalty income - or like the writer of the Harry Potter series - writes a novel then gets paid over and over again as thousands or millions of copies fly off the book shop shelves!
That is all residual income. Or passive, automatic, monthly or annually recurring income. Exciting prospect isn't it? Authors and songwriters enjoy this residual, royalty income! You can too.
Can Passive Income Happen For Me?
Explains what you can do to receive passive, recurring income...
They are a type of referral marketing where you refer someone once to a business matrix or structure then you get paid monthly recurring income at a certain percentage while they remain a paying customer of the company. It looks good in theory but does require a lot of supportive work behind the scenes to make sure your downline of customers does not collapse or disappear!
Other very smart marketers online create their own passive income systems. I recently joined one called "Passive Profit ROBOT", created by Jeff Alderson of Florida. I am extremely impressed with this system. It has genius-like simplicity because all I have to do is pass on a free marketing report, by referring people to my unique referrer URL. That's all! It is a simple system where you refer people then get paid later as they purchase marketing software and information through the Paypal and Clickbank merchant systems. Joining these merchant payment systems as an affiliate is a breeze!
Residual Income Blogs and Ideas!
Best blog sites online discussing passive income business building
- Residual Income Blog for Australia and Asia
- Blog covers creating multiple streams of residual income, and where to find the web's most powerful free Internet advertising. Hint: It's not where you think. All home working people need to uncover these promotional tips - if you want to be successful.
- Best Residual Income Programs
- Best earners: Selected residual income earning programs are offered to Australians, New Zealanders, Americans and world citizens along with support, tools and resources. Includes the highly appraised program: Passive Profit ROBOT by Jeff Alderson.
- Australia Small Business Ideas Residual Income
- Supportive business site that gives away $397 worth of webmaster tools first to show good faith. Scroll down for women's feel good nutrition and a free service where you can post a classified ad and receive further training in Internet based advertising and marketing. A very valuable web site to visit.
- Software Club Blog for Software GIFTS
- Surprising fact: this Software Club announces itself worldwide by simply emptying its shelves and giving away software titles of immense VALUE to anyone starting up a new web business site online. Even the medium-sized online operations would be able to grow faster using these software programs developed by web experts. As seen on Digg and Propeller and Reddit.com
Hint: see RHS menu for sneak preview pdf and access to software! - Work at home mom nutritional networking
- Working from home is the desire of most moms and dads these days. Time with family is precious and home based work, if marketed well, can meet many needs and goals. The nutrition industry often prefers to market through these network models as word of mouth is the most efficient way of sharing an exciting nutritional product or discovery! Geoff.
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larrybla wrote...
Great Lens on residual income. With the economic problems we are facing residual income is a clear alternative. Good work.
Posted November 27, 2007
Mark-Nehs wrote...
Say you on the self-help warrior forum and wanted to stop over and say hi. Good explanations of residual.
I go by MSOI on the Warrior Forum. All the Best, Mark
Posted November 19, 2007
Geoff_D wrote...
Wonderfully simple explanation of residual or passive income. Easy to read.
Posted November 17, 2007
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