Easy Internet Business Success

Easy Internet Business Success
Easy Internet Business Success

Sunday 21 June 2015

Why Residual Income Is So Important Today

 Why Residual Income Is So Important Today


The simple definition of residual income is an income where you get paid over and over for doing your work one time. In the past it has been an income strategy only a handful of professions provided.

Today the Internet is making it possible for anyone to create residual income if they go about it right. Based on today's economy, and the uncertainty of the future, everyone would be smart to develop at least one residual income stream.

Did you know that if you had a monthly income of $5K coming in every month, that did not require you to work to get it, that would be equal to having $1 Million Dollars in the bank drawing 6% interest?

Most of us will never save $1 million dollars, but we can all create a residual income of $5 thousand dollars a month with a little hard work and the help of the Internet!

So how can you create a residual income using the Internet.

1. Network marketing is a business model where you get paid on the efforts of others as well as the efforts of yourself. This is achieved through leveraging your time and duplicating your efforts.

Building a downline of distributors is how this is done. You may only have 20 hours a week to invest into your network marketing business, but if you had a downline of 10 people who also had 20 hours a week your business now has over 200 hours a week being invested into it.

This is a very powerful concept and the larger your downline becomes the more money you can make. Building a large network marketing business can be done all over the world and the Internet can help you do it with your own Website and follow-up system online.

2. Affiliate marketing is another business model where you can develop a residual income. Specifically 2-tier affiliate marketing allows you to recruit a front line of sales people who earn you commissions whenever they make sales.

This works well for people who like to network with other Internet workers. Social networking is great for this as it allows you to meet people who have similar interests of your own and you can turn that into a large sales force and potential residual income.

This is two examples of how you could create residual income for yourself on the Internet today. Network marketing and 2-tier affiliate marketing programs are easily within the reach of anyone willing to work!

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