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The Best Reason To Be Self-employed: Passive Income, Residual Income, Residual Profits


The Best Reason To Be Self-employed: Passive Income, Residual Income, Residual Profits


One of several good factors of being self-employed is that it presents you with the potential for creating passive (or residual) income. As the name implies, this is income that is earned without you having to do any work after the original set-up. Rather than trading time for dollars, you do some work up-front to set up a passive income system and then let it work on cruise control. Your system grows your bank account without you having to think about it, and you can move on to starting the next residual income system.

Passive income is important. This is how people get wealthy. It’s not a get-rich-quick scheme, but with enough time and hard work you can build up a growing number of residual income systems and grow wealth. The subsequent paragraphs illustrate a handful of techniques for building residual income.

The real estate market is a well-known kind of passive income. Real estate can be a risky or dangerous financial commitment, as many investors discovered when the property bubble broke not too long ago. However if you are very careful and play the market properly, you can make money from the real estate market. You can buy low-cost houses, employ building contractors to improve them, and then sell them to earn a profit (just make sure you can afford to keep the homes long-term if they fail to sell). Or you can lease your homes and utilize a property manager to do the landlord obligations (like unclogging toilets). In either case, if you make investments in the correct houses you can make profit with comparatively modest effort on your part.

Stocks, bonds, mutual funds, and other investments are all kinds of passive income. Whenever you put money into the stock market, it’s not certain to grow in worth. Over the course of several years or decades, though, it generally will. Regarding some of these investments, like mutual funds, virtually all you must do is put your money into the fund and a fund manager will manage it and make sure it gets bigger. You commonly must pay a fee for this manager, but it is worth their expense simply because your funds will be increasing without you having to do nearly anything.

Even a very simple personal savings account at a local bank is a kind of passive income. All you have to do is open an account and add cash to it. It’s that easy! Your cash will expand easily as it earns dividends.

You can launch and construct corporations and have someone else run the daily operations. You still have possession of the business and get all the proceeds, but you rarely have to look at it since it’s being governed by somebody else. Or you might possibly develop an online company that works largely on auto-pilot, with only a few working hours from time to time to ensure that it stays working properly.

Royalties from intellectual property is one more well-known kind of residual income. Patents, books, music, software applications, and other forms of intellectual property can earn you royalties when consumers purchase or make use of your masterpieces. In current years, a number of people have been authoring electronic books to sell on the web and creating reasonably priced games for iPhones and Google Android devices.

Everything else that appreciates with time, including antiques or rare gold coins, could be considered a type of residual income. Be careful, though; you need to always make sure there is a marketplace for your valuables. If you own a massive collection of valuable items, but no one wants to acquire them, they are actually worth little or nothing. Antiques are only worth what people are inclined to shell out for them.

These strategies are the most commonly encountered approaches for generating residual income, however the subject is way too massive for me to deal with everything in one article. Actually, you’ll find countless full courses and web sites focused on building residual income. I would suggest reading The 4-Hour Workweek, Rich Dad Poor Dad, and The Smart Passive Income Blog for more information regarding residual income.


By: Nick Walton

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Articles from Article Directory: by Author Nick Walton a freelance writer who loves being self-employed. If you are interested in finding self-employment ideas, please visit Walton’s web site at


How To Create An Income For Life Using Internet


How To Create An Income For Life Using Internet

Do you want to create an income for life using the internet? You don’t have to be an expert to do this. You don’t need a master degree or a doctorate too. As long as you have the determination, you are willing to learn and you are willing to take action, it is very possible for you to generate a 4 figure internet income for life.


One of the common reasons most people fail in generating income online is that they do not know how. Once you know how it works, it will be easy. And in this article, I will share with you how to create an income for life using the internet. But first you need to be serious and treat it like a real business. If you treat it like a part time hobby, you will be earning hobby kind of income.

Below are the steps how to create an income for life. If you follow through and do it correctly, you are able to generate a 4 figure income by just spending 1 or 2 hours a day…

1. Look for a group of hungry crowd. You have to target a profitable market if you want to make money online. Find a market where the people are willing to spend to solve their problems. Once you found that market, try to narrow it down into a niche market.

2. Identify the problems in your market. What are the problems that the people in your market face? What do they want? What are they looking for? What do they need? After that, look for an affiliate product that will work as the solution to their problems. Make sure you promote the right solution to the right problems.

3. Build an email list. You need to capture the contact information of your visitors so that you can send follow up emails and keep on promote them with other products in the future. You need to build a lead capture page and use an auto-responder for this. Your list will be your most important asset that will create an income for life for you.

4. Use quality information and content to pre-sell your subscribers or your leads. Don’t blatantly send sales letter to your list, you need to create value to them so that they will trust you and buy from you. Make sure you insert your affiliate links in your promotional emails as well.

5. Drive traffic to your lead capture page. Without traffic, you will never make any money. Traffic is the lifeblood of your internet business. So spend time and take action consistently in traffic generation.

These are the proven steps how to create an income for life using the internet. It is not complicated but it is not easy as well. You have to put in commitment and keep on taking action to make it work. So take your first step now.


By: Shawn Lim

Article Directory:

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Residual Income – Don’t Sit On My Eggs

Residual Income

Residual Income – Don’t Sit On My Eggs

Income, it’s what keeps our wallets fat and our bills paid. There are several types of income, and each has it’s own advantages and disadvantages. Of these there is earned income, residual income, leveraged income and passive income. In this article we will be discussing residual income and it’s benefits as well as it’s drawbacks.

residual income

First, what exactly is residual income? Residual income is income you gain by doing something once and then receiving profits from it over and over again without your needing any further effort on your part. We are all accustomed to doing work once and then getting paid for the work we do. For instance, in a traditional job you work eight hours and get paid once for those eight hours. Residual income is like working eight hours, and instead of getting paid once, you get paid for those same eight hours again and again.

Residual incomes can be and often are less per payment than earned incomes. Generally, the commissions earned on one time sales are often larger than commissions earned on sales of products that require renewals and maintenance. However, when looked at over a period of time residual income, in the end, often does have a higher amount of return.

Residual incomes are low maintenance incomes. Instead of doing the same work over and over you reap the benefits of performing those actions once. This can be very powerful as it will leave you free to pursue other avenues in your business or life.


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Now that we have a handle on what residual income is and what residual incomes can do, let’s take a look at why residual incomes are important in our lives. A saying currently comes to mind; don’t put all of your eggs in one basket. One basket just may get sat on!

There are several instances in which earning an income is just not possible. You may get sick, be required to care for a family member or even decide to go on vacation. In each of these your potential for earning incomes is greatly diminished, if not altogether halted. This is where residual income can be such a large benefit. Even if you are out of commission, on vacation or if you simply do not feel like doing anything at all residual income still brings you a certain amount of profit.

In the case of domain and web hosting renewals residual income can often be considered guaranteed income. Those are products and services that require the owners to pay a monthly or yearly fee to keep their website in operation. For individual web sites this may not be a lifetime income, but often for businesses and corporations the need to keep their web site or domain active is of the utmost importance.

Keeping a diverse stream of income is important, and residual income most certainly has it’s place. Besides, who wouldn’t want to crawl in bed with the thought, “I’m making money right now.” Who couldn’t use a vacation with the knowledge that their profits are still coming in? In times of sickness it can be a great comfort to know that your wallet is not suffering from the same incapacitation you are. The security gained with knowing that regardless of what happens you are still earning an income can give one a sense of freedom virtually unrivaled.

By: Vincent R. Parker – Article Directory:

Hi, my name is Vincent R. Parker and this is my article. Residual income is an important part of any solid financial portfolio. To learn more about residual income and for free training visit



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