Earning Residual Income: What and How
by grammywealth | on January 24, 2013
I remember graduating from school. My outlook on life was so positive. All I saw were dollar signs. Then, less than 5 years later, the economy took a turn, and my one income I depended on disappeared. Lesson: I should always be earning residual income.
Earning Residual Income
In terms of Online Marketing, residual income is income continuously earned from initial efforts!
I like that definition because that sums up the essence of earning residual income. When you first begin, you have to plant seeds and work. You’ll harvest in due time. I don’t believe in get rich quick schemes, but you will reap what you sow! You already work because you’re reading my blog. So, keep reading & turn your work into dollars – EARNING RESIDUAL INCOME!
How You Can Start Earning Residual Income
There are several ways to start earning residual income.
To begin with, you must change your mindset. Many of us go wrong because whenever someone talks about spending money on anything related to business, our toes curl up and our faces scrunch up!
You SHOULD be earning residual income!
I’ll go over a few of my favorites! Rental properties have always fascinated me. You can purchase a distressed property. Apply the necessary financial and time investments. Then, you can rent the property. Rental income is great residual income!
Affiliate Marketing is another awesome way to begin earning residual income. You can promote someone else’s product and get paid for your sales or generated leads. There are all type of affiliate programs out there, but my favorite is Partner With Paul. You get paid anywhere from $2.50 to $5.00 per lead, and it’s free to sign up! Plus, this particular product is only $9.95….So, look at that good commission percentage you get to earn ~ Earning Residual Income!
This one is my favorite way for earning residual income: BLOGGING! It’s a form of content marketing where you can choose a particular product and write about it. In blogging, you can make advertising dollars when people click on ads. In addition, you can plug into a viral blogging system that pays you to grow a team.
Earning residual income is necessary, whether you have a job or not!
When you’re working, your wages are typically based on the hours you work. If you’re in a salaried position, you could very well work over 40 hours, and your pay would only be based on 40 hours. Residual income continues to grow even after the work is done! When I log off, I still make money.
When traditional employees clock out, their money typically stops and won’t start again until the next day. If they get fired or hours are cut, their wages are lowered even more. Unfortunately, there’s much of that going on right now! Earning residual income gives you a much needed cushion, and it can certainly replace wage based income as well!
Recap: 3 Ways to Start Earning Residual Income
- Investing in rental property
- Affiliate Marketing
I can’t keep you from getting fired. If there was a law that I could get enacted to do so, it certainly would’ve been done already. I can help you start earning residual income today so the idea of losing your job won’t bother you anymore. You can get the freedom and finances you deserve on your own terms! Start EARNING RESIDUAL INCOME today!