Tag Archives: Home Business

Residual Income: What Is It and How Does It Work?

A residual income stream will earn you money even when you're not on the clock. Owning rental units, collecting royalties or investing in a savings and investment program are examples of such passive incomes.
 

residual income

Residual Income: What Is it and How Does It Work?

Wouldn’t it be nice to earn money while not working? That money is called residual, or recurring, income. It's what can happen after you put a lot of time, effort and sometimes money into a job to continue to get paid for the work months or years after it's done. (Salary jobs are part of linear income. This income is directly related to the number of hours you work. If you work 40 hours, you get paid for 40 hours of work.) Once you set up your business to earn residual income, you continue to make money while doing other things – maybe even starting a new business to generate more residual income!

Types of Residual Income

Some examples of residual income sources include:

  • Royalties from intellectual property, such as books and patents
  • Subscriptions, advertisements, donations or affiliate links from your blog or website
  • Transferring the rights to a song you recorded, a book you wrote, a software program you created or a gadget you invented to a company agreeing to pay you a percentage of each copy of your work sold
  • Purchasing an office or apartment building and leasing or renting out the properties
  • A savings and investment program that earns interest
  • E-book sales
  • Stock photography royalties

Does the Money Just Keep Rolling In?

The ideal residual income stream will produce money 24 hours a day, 7 days a week and you don’t have to personally market or interact with the business in any way. All you have to do is watch your bank account grow.

But that’s more like a fairytale. You’ll have to put in some effort to continue receiving residual income on the business you started. Talking to your managers and representatives will help them be more productive and run your business better. Marketing your online sales through social media and your network will help earn you more money. But you just won’t have to work at it as your full time job. Think of it as a part time job that can potentially bring in full time pay.

Advantages to Residual Income

  • You do have the potential to be financially independent if your residual income produces enough money.
  • Having residual income allows you to do more important things with your time. Whether that’s a hobby or another job, making money from your residual income stream won’t be the primary focus of your life.
  • No matter what, you will have a constant flow of income (however large or small it may be). This is critical if you get injured or sick, can’t work because of another emergency, or if you just want to take an extended vacation.
  • You will make money no matter where you live, unlike a linear income which ties you down to your position.

Of course, before the money starts rolling in you will probably have to put a lot of time, effort and money into the business or project. You’ll need a lot of patience and determination to see the residual income in the future. Instant gratification is not possible when it comes to residual income.

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Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


Vemma Leads Info

Vemma® is positioned to make a huge, positive difference for countless people all over the world. And we’re doing it the best way we know how. Through people helping people. Through a product that delivers on the promise of better health. And through an opportunity to create real wealth and time freedom for those willing to put forth some effort into something they can believe in.

You can either leave things the way they are or take massive action to shift to the life you want to live.

The choice is up to you.

Vemma’s® unique global wellness philosophy delivers a results driven product. Vemma® is an established, family-owned company with ten’s of thousands of satisfied monthly consumers, and world class customer service.

Here is Vemma’s® mission. Founded by BK Boreyko and his family, Vemma’s® parent company, New Vision®, is a revolutionary leader in health and wellness. With over $1 billion in total retail sales, this company helped pioneer liquid nutrition over 12 years ago by introducing the #1 selling liquid mineral supplements in North America.

You can get started on a great-tasting path to ultimate nutrition with the Vemma Nutrition Program® for only $60 USD plus shipping. Enjoy the convenience of Autoship to have your Vemma® products delivered automatically to your door every month.

The Vemma® family is made up of thousands of individuals working to make their dreams come true. Through sales incentives and rewards, a generous Compensation Plan, and great products, Vemma® offers a unique opportunity that can help make anyone’s vision for the future a reality.

Vemma® Leads are people who are interested in finding out more about a Vemma® business opportunity and have taken a “Tour”. The Lead first fills in a 15 field questionnaire. They then submit their information and are instantly taken to a Vemma® Builder Confirmation Page where they can take a free tour, and become a prospect.

Vemma® has partnered with Peak Impact Inc. to provide you with the freshest Sign ups available on the Internet today. Our Sign Ups are delivered directly into your Vemma® Builder back office and to your email within seconds after they request more information about Vemma®. Our customers find using Real-Time Sign ups like these to be an extremely effective, affordable, and a duplicable way to build a large successful organization!!

  • Lead Type: Home Business Opportunity Seekers
  • Delivery: Commences within 48 hours
  • Daily Lead Volume: You choose how many leads you want to receive each day
  • Lead Age: Delivered to you by email within seconds and posted to your back office
  • Location: US only, Canada only, or both
  • Overage: 10% overage included automatically
  • Semi-Exclusive: Exclusive use of your leads within your company

These Leads are people who are interested in finding out more about your Vemma® business opportunity and have taken a “Tour”. The Lead first fills in a 15 field questionnaire (View Form Here). They then submit their information and are instantly taken to a Vemma®Builder Confirmation Page where they can take a free tour, and become a prospect.

What if I told you there was a better and more exciting way to build your business? What if you could buy customers, instead of leads? Would that be a revolutionary approach to the same old problem that ALL network marketers face?

If you would like to learn more about buying customers, contact me by phone or email. You will learn the right approach to building your business on the net.

By the way, you can continue to use your Vemma® products, just make money in an entirely new manner from now on!

To learn more about buying customers, go to http://homebusiness.healthfulchoice.com.

Jeffrey Sloe, Internet Marketing Advisor
440-725-3729, or
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