What Is A Residual Income?

What Is A Residual Income?

What Is A Residual Income?

All businesses that exist are for profit. They produce to provide products, goods, and services to a market in need. Time, money and resources are expended for purpose of distribution. A common, uneducated person will never see all the moving parts involved in the operation of a business.

A consumer that works a job and draws a pay check may not always understand where that money comes from. They don’t get to see the revenue generating process which enables companies to pay their employees. All they know is how to do their job and account for their time.

Residual Income

Residual Income

Many seek passive lifetime residual income. Few respect the governing principles supporting the model. If you have an attitude of “I want something for nothing”, and if you don’t have the mind or work ethic you won’t get close to success. The bible teaches “the sluggard desires and has nothing”.

What this means is that 100% of the people who get involved in the home based business industry want success. They want time freedom and financial freedom, which is the highest, sought after lifestyle. But only 2-3% are willing to make the proper investments of money and time into the right things. 

What Is A Residual Income?

What Is A Residual Income?

“So what is a residual income?” A residual income is a monthly reoccurring income. Created by selling products or service that renew every month. Just think of the cable, phone and electric bill you pay every month without fail. In the home based business industry you can’t expect to earn if you don’t own it yourself. If you’re not willing to contribute to someone else’s income don’t expect others to contribute to yours.

This is not a job, and we don’t get paid for our time. We earn all income from 100% successful sales efforts. Our industry was born selling & recruiting. Those are real skills hardly anyone teaches. 

Humanity has always bought, sold or traded to sustain life. In those three functions job creation happens. From there societies are forged and economies sustained. If you don’t understand money or people you will never own a business. To earn directly you must have your own value system to offer to the market place. If not the options are as follows.

  1. CPA Marketing 
  2. Affiliate Marketing 
  3. Multi Level ~ Network Marketing
  4. Selling & Recruiting (something)

The truth is there are many options for earning an income. There are few doors that you can walk through to accomplish anything.

If you want the tools, resources and training to acquire the skills to earn a passive residual income with me or reach out to me. 

 

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