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What Is Residual Income

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Published on Jan 30, 2013

http://www.onlinesuccessfornewbies.com
"What is residual income" this is a question that I get asked allot when explaining my business to people. In my opinion residual income is the most valuable income stream that you can have.

hands holding cash what is residual income

So what is residual income? Well basically it's a recurring payment that you receive for a service or product that you have sold, and this payment continues for the life of the product or service or until the customers doesn't use it anymore. Payments are usually paid monthly or annually.

So What Does That Mean For You? Well this means that as long as you are supplying an excellent service or product each sale has the potential to pay you an income for life.

This gives you an overview of the question what is residual income? But lets just break it down a little.
What is Residual Income The Basics?

With residual income the bulk of the work is carried out at the beginning. As long as your product or service is fantastic value and something that your new customer is going to love using then you will be able to generate a substantial residual income. The work involved then in keeping the customer is minimal.

There are many opportunities out there both online and offline that offer the opportunity to build a residual income but one of the problems here is knowing whether or not there are offering great value with there products. As pointed out earlier when answering the question "what is residual income" the product or service has to be of great value to the customer or they will simply stop paying for it.

what is residual income

Another thing to consider here is how are the companies carrying out there marketing. Are there marketing methods current and ethical? There are many companies out there with great products but there marketing methods are out of date or done in such ways that people are just not comfortable promoting the product. These can often include such things as promoting to friends and family or cold calling. I don't know about you but I never buy from a cold call so how can I expect other people to.
What Is Residual Income What You Should Be Looking For

What you need to be looking for when searching for a fantastic residual income opportunity, is a product or service that is extremely attractive to the potential customers within that particular niche or field. You also need to make sure that the product or service works well in todays market as well has having the right foundations in place to work well in the future ensuring that all the people you introduce to the service, product or business will continue to stay loyal which in turn will build your income.

Another very important aspect you need to consider is the commission structure that is being offered within the business. Generally companies that operate in this way will offer in the region of 30%-50% commissions.

What would be absolutely fantastic would be if you could find a company that offered all the essentials contained in this post as well as the opportunity to earn 100% commissions.

When you started reading this post and searching for the answer to that question what is residual income surely finding some thing like this sounds to good to be true, right.

Right! It probably is, but I can tell you now, I have found one. This is an internet and Network marketing company that allows you to work from home or in fact anywhere in the world as long as you have internet connection and your laptop, and as mentioned earlier allows you to earn 100% commissions meaning everything you earn you keep.

This is pretty much unheard of within the industry, I cant find another company out there offering the chance for you to build your own business using there products and services and keeping 100% of all sales. With this company you will also get everything set up for you, you can be up and running promoting your business within minutes. With all the training you need plus training within personal and professional development.

This business model is designed for the complete novice to the Industry and the training is designed to take the complete novice through step by step to earning a substantial income online. I should know I was one!
http://youtu.be/tTKB5xcMHt8

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