The Importance of Residual Income
The Importance of Residual Income
Copyright 2005 Romel Wallace
The concept of residual income or passive income is
probably one of the most important concepts you will ever
learn in your lifetime.
I know. This is a pretty big statement.
Well, it's a pretty powerful concept.
Anyone that can master the concept of residual income is on
their way to a pretty comfortable lifestyle. Simply put,
residual income occurs by building a system one time that
can produce a recurring stream of revenue once the system
is set up.
This income arrives on a regular basis. It can occur on a
monthly, weekly, or daily basis. The frequency depends on
the business system itself.
What's so great about this is if you are willing to work
hard and build a residual- based system in the initial
phase, you can reap the benefits from this one-time labor
for years to come. If you look around you, you will see
examples of residual income all over.
For example, when you pay a internet service provider, web
host, telephone bill, or cable TV bill; they are receiving
a regular recurring income for providing their service to
you. The valued members of a website provide the owner
with a regular, recurring monthly income. In return, they
are provided with valuable information.
Residual income is what you want. Unfortunately, there are
many opportunities available that really do an injustice to
this concept.
Seriously speaking. Doesn't it make sense to make a
recurring sale of a product rather than a one time sale?
Of course it does.
Yet so many people just don't get it.
Master the concept of residual income and you'll master
your destiny.
About the Author:
Romel Wallace, Jr. is the founder of
http://www.makeachange.com - "Make A Change by Associating
with Programs that Really Work". Subscribe to Make A
Change Success Tips (MAC) at subscribe@makeachange.com to
find out how.
You may freely distribute this article if left intact
including this notice.
Get your free reports and contact me here:
Robert G Allen Income from home opportunity.
Click Here To Be Personally Mentored By The Robert Allen USANA Team
Copyright 2005 Romel Wallace
The concept of residual income or passive income is
probably one of the most important concepts you will ever
learn in your lifetime.
I know. This is a pretty big statement.
Well, it's a pretty powerful concept.
Anyone that can master the concept of residual income is on
their way to a pretty comfortable lifestyle. Simply put,
residual income occurs by building a system one time that
can produce a recurring stream of revenue once the system
is set up.
This income arrives on a regular basis. It can occur on a
monthly, weekly, or daily basis. The frequency depends on
the business system itself.
What's so great about this is if you are willing to work
hard and build a residual- based system in the initial
phase, you can reap the benefits from this one-time labor
for years to come. If you look around you, you will see
examples of residual income all over.
For example, when you pay a internet service provider, web
host, telephone bill, or cable TV bill; they are receiving
a regular recurring income for providing their service to
you. The valued members of a website provide the owner
with a regular, recurring monthly income. In return, they
are provided with valuable information.
Residual income is what you want. Unfortunately, there are
many opportunities available that really do an injustice to
this concept.
Seriously speaking. Doesn't it make sense to make a
recurring sale of a product rather than a one time sale?
Of course it does.
Yet so many people just don't get it.
Master the concept of residual income and you'll master
your destiny.
About the Author:
Romel Wallace, Jr. is the founder of
http://www.makeachange.com - "Make A Change by Associating
with Programs that Really Work". Subscribe to Make A
Change Success Tips (MAC) at subscribe@makeachange.com to
find out how.
You may freely distribute this article if left intact
including this notice.
Get your free reports and contact me here:
Robert G Allen Income from home opportunity.
Click Here To Be Personally Mentored By The Robert Allen USANA Team
posted by Brenda' Trek at
3:46 PM
