Thursday 27 November 2008
Sunday 26 October 2008
Earn Residual Income
Creating a six figure residual income is actually quite easy, if you have enough time to wait. So easy, in fact, that I decided to make the challenge a little tougher. It's money that is continuously generated after the initial effort. In other words, you keep making money after the initial sell in a sense.
Typically, residual income is analyzed in terms of one month's income and debt requirements; the level of one's residual income is a factor that lenders consider when evaluating a borrower 's creditworthiness . Higher residual income indicates that the individual will be more capable of meeting required debt payments when unexpected expenses arise.
It is all about building a team that works hard and turns a profit. If a persons team is not making money then they are not making money - that is the bottom line. Furthermore, with multi-tiered programs, residual income is not always available.
For instance, if Joe signs up under you as an affiliate in a two tiered program, he may have residual income from a sale, but you may only get a one time commission from that sale he makes.
When a single product, either in tangible form or intangible form, keeps generating income with little or no extra work on one's part, that is how residual income is created . What motives people to start their own business is the promise that they can build a passive reoccurring income.
Once you start to earn top residual income it is just too hard to go back to earning regular income off of each sale you generate through affiliate marketing. There are many horror stories about affiliate programs and networks. People have heard them over and over again, that some are even wary of joining one. The Internet has produced many programs, some are legitimate money making opportunities, and many are scams or schemes.
If you are tired of the same old every day grind maybe you should consider a residual income home business. It can be fun, interesting and profitable. Also, it will free up your time as you increase your income.
Imagine not having to get up before the sun rises, not make that long commute in rush hour traffic, not spending 60 hours a week to pay for the home you saved years to be able to buy.
Earning residual income through your own website, blog or online affiliate business is an ideal way to make top residual income of your own for the financial freedom you really want in your future. That is a great way to enjoy life!
Ana Carter works online helping anyone who wants to start their own business. For any further assistance you can visit her site at: http://www.myincomefromhome.net/
Typically, residual income is analyzed in terms of one month's income and debt requirements; the level of one's residual income is a factor that lenders consider when evaluating a borrower 's creditworthiness . Higher residual income indicates that the individual will be more capable of meeting required debt payments when unexpected expenses arise.
It is all about building a team that works hard and turns a profit. If a persons team is not making money then they are not making money - that is the bottom line. Furthermore, with multi-tiered programs, residual income is not always available.
For instance, if Joe signs up under you as an affiliate in a two tiered program, he may have residual income from a sale, but you may only get a one time commission from that sale he makes.
When a single product, either in tangible form or intangible form, keeps generating income with little or no extra work on one's part, that is how residual income is created . What motives people to start their own business is the promise that they can build a passive reoccurring income.
Once you start to earn top residual income it is just too hard to go back to earning regular income off of each sale you generate through affiliate marketing. There are many horror stories about affiliate programs and networks. People have heard them over and over again, that some are even wary of joining one. The Internet has produced many programs, some are legitimate money making opportunities, and many are scams or schemes.
If you are tired of the same old every day grind maybe you should consider a residual income home business. It can be fun, interesting and profitable. Also, it will free up your time as you increase your income.
Imagine not having to get up before the sun rises, not make that long commute in rush hour traffic, not spending 60 hours a week to pay for the home you saved years to be able to buy.
Earning residual income through your own website, blog or online affiliate business is an ideal way to make top residual income of your own for the financial freedom you really want in your future. That is a great way to enjoy life!
Ana Carter works online helping anyone who wants to start their own business. For any further assistance you can visit her site at: http://www.myincomefromhome.net/
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