Imagine getting a $5,000 residual income check in the mail month after month after month.
How would your life be different?
- Would you be driving the same care?
- Would you live in the same house?
- Would your kids still go to public school?
Remember, too, this is a passive income… meaning you do not have to trade time for dollars to earn it. You don't have to work a second job.
The work has already been done (past tense) and you are now reaping the benefits (present tense). You have secured both time and financial freedom.
To many people, earning a significant residual income is what fairy tales dreams are made of. It doesn't seem real or even possible.
But the reality is there are tens of thousands of people who took advantage of a residual income opportunity, worked hard for a brief period of time… and are now living a lifestyle most people only dream of.
And so can you! If you are willing to “get in, get busy” and make incredible things happen. So let's talk about your options, shall we?
What is Residual Income?
WiseGeek, a website that promises to provide clear answers for common questions, suggests:
…residual income is any income generated through indirect involvement with something. This is more properly called passive income. Rental income, royalties, website revenues and portfolio dividends are all means of generating this kind of income. Read more…
Authors, song writers, patent and name/likeness licensors, landlords, investors and many type of business owners all earn residual income.
People from all walks of life, socio-economic backgrounds, race, religion and IQs. Different models, different styles and even completely different residual income opportunities. But the one thing they ALL have in common is the fact they worked once to write the book, buy the property or build the business… and now they earn a nice, steady income independent of any further time and effort.
But let's face it.
There is probably less than a one-in-a-million chance for most of us to write the next best-selling novel, hit song or invent the next technological blockbuster.
So what about investments? Stocks, bonds, real estate?
Charles Riley @CNNMoney June 12, 2012:
NEW YORK (CNNMoney) — The average American family's net worth dropped almost 40% between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve.
The stunning drop in median net worth — from $126,400 in 2007 to $77,300 in 2010 — indicates that the recession wiped away 18 years of savings and investment by families. Read more…
Tragic, but true. Most people are struggling just to get by… so saving for investment is out of the question. Heck, just keeping a good paying job in this economy is nothing short of a miracle!
Yet despite the current economic challenges, the dream to create more, be more and have more is still alive and well.
And it is within your reach if you want it bad enough.
How do I know?
Because my wife Lisa and I have INCREASED our residual income by tens of thousands of dollars per month in the same 2007-2010 time period!
Building a Residual Income Business
Since 1196 Lisa and I have built five six-figure, even multiple six-figure business online.
We have sold our own products (internet marketing), sold other people's product to earn a commissions (affiliate marketing) and we have built huge teams of other aspiring entrepreneurs (network marketing).
In each case we used a simple 5-step passive income model that works. This system has never failed to make a profit. Ever.
- Pick a target market
- Discover what this target market wants
- Create content to show them how and where to get what they want
- Promote the content so it can be easily found
- Rinse and repeat
On fact, I've found that is really does not matter WHAT you sell… the HOW TO sell it online is exactly the same.
This is why we have been able to successfully build multiple streams of residual income online while enjoying journey. It's a process. A step-by-step proven success system.
Of course our success didn't come overnight and this system was born out of many thousands of hours of blood, sweat, tears, trials, tribulations and lots of false starts and dead ends.
There was a significant price to pay and we paid it in full. Believe me.
Tens of thousands of dollars over the years.
But the good news is we have already paid the admission fee so you don't have to!
Three Great Residual Income Opportunities
Affiliate Marketing – Darren Rowse recently shared asked and answered the question: What is affiliate marketing?
Perhaps the simplest way to explain affiliate marketing is that it is a way of making money online whereby you as a publisher are rewarded for helping a business by promoting their product, service or site. …in most cases this involves you as a publisher earning a commission when someone follows a link on your blog to another site where they then buy something.
In other words, you get paid a commission when you help sell other people's products.
This is usually done by getting your own web site or blog (like this one) and you set about the business of promoting various products and services.
For example, many “shopping sites” are run by affiliate marketers. And perhaps you have run across a number of software or product review sites where the reviewer rates and recommends any number of products. Guess which product usually get the highest rating? Right – the product that pays the highest commission!
Affiliate marketing is a great way to get started building a residual income because the cost of entry is low. There is not a lot of overhead. You need a computer, a domain name, hosting and a few promotional tools. That's it. You are in business.
The downside is products come and go and sometimes the affiliate commissions are pretty tiny. Amazon, for example, pays only 4-8% commissions based on volume of sales.
Network Marketing – MLM marketing is what I call “affiliate marketing on steroids” because not only do you earn a commission when you personally sell a product or service, you also earn a tiny commission on all the products and services sold by the entire team of hungry entrepreneurs you have put together and trained.
Imagine getting paid a commission on the sales produced by a team of over 10,000 active distributors. Now that's true passive, residual income!
So network marketing is wonderful model but it can often take a good 3-5 years or more to earn a significant six-figure executive income.
Internet Marketing – isn't really a business model, it is a method of marketing a business. But in this context what I call “internet marketing” is when you are selling your own product or service online and maybe even set up your own affiliate program. This is where you are the producer, the manufacturer or the creator.
This is the realm of multiple six-figure even 7-figure income earners. It is the difference between earning a tiny 4-8% commission and earning a 100% commission.
Best Residual Income Opportunity
If you are honestly serious about wanting to create a significant residual income working part-time from the comfort of your home in your spare time online… the key is to put the odds of success in your favor right from the beginning.
Perhaps the easiest way to do this is to combine all three marketing models in a synergistic way the virtually guarantees your success.
Let me explain…
Imagine being about to walk into an affiliate marketing business that pays you 100% commissions for selling their products and services.
This immediately puts you in the realm of the six-figure and 7-figure income earners because, since you are earning 100% commissions, it is exactly like having your own products.
Now imagine this same business has a built in “network marketing” component that allows you to earn 100% commissions on 20% of the sales your team produces.
Are you starting to see the magic?
Let's break it down how this has worked out for us in the past 9 months…
- We sign up on October 31, 2011
- We start blogging (the system comes with a blog)
- We promote the blog (we teach you how)
- The blog helps us build a team of 300+ active members (in 9 months)
- This produced a $20,000+ monthly residual income
- $10,000+ comes from the efforts of our team
So far we have pulled in over $191,515 and our monthly residual income check keeps growing and growing each and every month.
It is a dream come true and now it is your turn.
Bless and be blessed,
PS – Creating a nice residual income from scratch is not going to be easy – but it will be worth it. Lisa and I have been about to fire our bosses years ago and we can help you do the same thing if you are serious. Get serious and let's make it happen.