The Importance of Residual Income

Posted by Romel Wallace on: 2005-06-20 23:54:29

Self SEO > Ecommerce Articles

Copyright 2005 Romel Wallace

The concept of residual income or passive income is probably one of the most important concepts you will ever learn in your lifetime.

I know. This is a pretty big statement.

Well, it's a pretty powerful concept.

Anyone that can master the concept of residual income is on their way to a pretty comfortable lifestyle. Simply put, residual income occurs by building a system one time that can produce a recurring stream of revenue once the system is set up.

This income arrives on a regular basis. It can occur on a monthly, weekly, or daily basis. The frequency depends on the business system itself.

What's so great about this is if you are willing to work hard and build a residual- based system in the initial phase, you can reap the benefits from this one-time labor for years to come. If you look around you, you will see examples of residual income all over.

For example, when you pay a internet service provider, web host, telephone bill, or cable TV bill; they are receiving a regular recurring income for providing their service to you. The valued members of a website provide the owner with a regular, recurring monthly income. In return, they are provided with valuable information.

Residual income is what you want. Unfortunately, there are many opportunities available that really do an injustice to this concept.

Seriously speaking. Doesn't it make sense to make a recurring sale of a product rather than a one time sale?

Of course it does.

Yet so many people just don't get it.

Master the concept of residual income and you'll master your destiny.

About the Author

Romel Wallace, Jr. is the founder of http://www.makeachange.com - "Make A Change by Associating with Programs that Really Work". Subscribe to Make A Change Success Tips (MAC) at subscribe@makeachange.com to find out how.
You may freely distribute this article if left intact including this notice.

WordPress Adsense System

Discover The Magic Formula To Create “Set-it-and-Forget-it” Websites Using Wordpress & Make Your First Adsense Dollar in The Next 7 Days.

Wordpress expert finally reveals the “insider” secrets to turn a butt-ugly blog into a beautiful niche website, automatically add great content and magically attract thousands of visitors from Search Engines with little effort.

Print this article

Tell a friend

The Importance of the Human Touch in the Virtual Marketplace

The Importance of building a List

Post New Comment

This site does not allow anonymous comments. Registered members can login to participate. Registration is free and takes only a few seconds