The words ‘residual income’ mean absolutely nothing to the vast majority of people you come across. This is a crying shame that needs to be addressed because they are missing out on a fantastic way to tap into an ongoing income that will stay with them for life whether they work or not. In other words an income that comes through your door before you even get of bed in the morning.
Most people’s only experience of a residual income will be picking up a pension on retirement or perhaps receiving interest on money they have invested. Both of these required the input of money over a sustained period of their lives. Is there a way to tap into this type of income that does not require money to be invested? What about putting in effort instead of money – is that possible?
If you have the talent to write a best selling song or perhaps novel, you most definitely earn a residual income in the form of royalties. This would also apply to actors and TV presenters if they are wise enough to go for the royalty option rather than one off earnings. Every time ‘Top Gear’ is aired anywhere in the world Jeremy Clarkson adds a few more pennies to the millions he has already earned in this way. When Anne Robinson took her show ‘The Weakest Link’ to the USA she says the wisest decision she made was to go for the royalties option. As a result she has now earned literally tens of millions instead of a one off payment per episode. Nice work if you can get it!
What about mere mortals without the talent, abilities or in some cases just lucky breaks? What if someone came up with an idea to earn a royalty type income that does not require the talent or investment of your hard earned money – something that simply requires a bit of old fashioned hard work that anyone can learn how to do? Would that be of interest to most people? I believe that if most people knew how to do this they would jump at the chance, wouldn’t they? The good news is that there is such a way – welcome to the world of Network Marketing! ~ CMP