The all mighty residual income, becoming more and more the holy grail of income as people find out about it. But how many people are actually making a real residual income? How difficult is it to make a residual income? Can you make a residual income without knowing much about it?
The answer to these questions is definitely in the affirmative. More and more people are making residual income and realize that residual income is the only way to go. Rather then sell your time for 50 years, invest your time and get paid for that initial investment forever.
So here is what you need to know about making a residual income. There are lots of ways to do it but the most important thing is to pay attention to your own strengths and weaknesses. Starting a residual income business in an area you have strength is absolutely the way to go. Here are some tips to make a residual income:
1. Start your own network marketing or MLM business. My favorite and most personally lucrative way to make residual income is through owning your own network marketing business. For the person looking to start up at low costs, without the painful work of creating a business from scratch….Network marketing is the way to go.
Usually the companies have the products, tools, and marketing strategies all in place and all it requires is your very hard work and earnest effort and you can make phenomenal residual income.
2. Make a residual income by finding products that are highly consumable you can market. Would you rather sell the razor or the razor blades? The razor gets bought once but the blades get bought forever. If you are involved in a business where you sell an item like a refrigerator you are out of business until your next sale.
Highly consumable products or monthly services are the best way to earn residual income.
3. Most importantly, continue to educate yourself and expand your abilities. In our new economy the people who make the most money are the ones who can adapt to the changing business environment the quickest. Residual income is on the rise and if you keep your eyes open there are infinite possibilities available to you.
In summary, you can make a residual income by investigating the network marketing business model, finding highly consumable products, and constantly growing/expanding your abilities. Follow those 3 tips and you will be well positioned to make a residual income as the business environment shifts in that direction over the next few years.
To get the real tips, strategies, and pain saving lessons on how to build a residual income the right way visit: http://www.JonathanBudd.com
The Parable of the Pipeline: How Anyone Can Build a Pipeline of Ongoing Residual Income in the New Economy
by: Burke Hedges
publisher: I N T I Pub & Resource Books Inc, published: 2007-01
sales rank: 264383
price: $8.95 (new), $6.35 (used)