So What is Residual Income?

Let me start by saying we all know what linear income is, even if we never heard the term. You go to work put in your time and at the end of the week you get paid. If you don’t go to work you don’t get paid. Pretty simple. You’re trading time for money. It doesn’t matter if you’re a factory worker, a retail clerk or a doctor, lawyer or an engineer. That’s linear income.

Residual, passive or recurring income is where you do the work once, do it right and get paid over and over. We’ve all heard of Elvis, he wrote songs a long time ago, he did the work once and still gets paid for that work. Of course his daughter gets the money because Elvis is dead (though some may argue that point).

How about Stephen King? He’s still getting paid for books he wrote 10 and 20 years ago. Ok so maybe you can’t sing like Elvis or write like Stephen King but people like you and me who have no talent can still create residual income through network marketing.

You do the work once and you do it right. You do that by sponsoring people and creating retail customers. You find people who are just as passionate as you are about creating income or about the products. Let’s say in April you make $500 in residual income well when May rolls around guess what you start off with $500 dollars because you already did the work once and you did it right.

It may take a few weeks, a few months or a year to build that amount of residual income but would that $500 make a difference if it was coming in month after month? Network marketing isn’t for everyone but it’s the easiest way for the average person to start their own business and build a residual income and even one day live the life they’ve always dreamed of.