Tag Archive: residual income

Nov 12

How to Earn Residual Income

There are two ways to earn money. The first way is based on the pay per production model. This is how most companies compensate their employees. You either earn a set amount for each hour you work or you earn a percentage of each sale you make. In order to earn more money, you have to work more hours or make more sales. The second way to earn money is through the residual income model. In this income model, the money continues to be earned long after you have finished working on the source of it. This would be similar to an insurance salesperson earning a commission each time their client renewed their policy. They continue to earn money years after the hard work of getting the client is done. Because your income is not tied to your direct involvement in maintaining the source of the earnings, residual income frees up your time and energy for other activities. A business that makes the bulk of its money from residual income opportunities would allow you to go surfing in Hawaii and still get paid. If this sound like a good deal to you, here are three things you can do to earn residual income.

Nov 03

Choose a Niche to Earn Residual Income

When choosing a home business, it’s important to select one you will enjoy operating. Whether you decide to work from home full-time or part-time, your heart has to be in your work. Earning a residual income from a niche is more fun when you have an abiding interest in that niche.

Residual income is income you continue to earn after an initial sales effort. Affiliate programs are one way to earn this kind of income. A customer makes an initial purchase and you earn a commission. However, good affiliate programs go a step beyond. Each additional purchase a customer makes earns you a commission as well. This income streams in even while you are doing non-business activities.

Oct 24

Earn Passive Income – The Best Businesses to Avail

Think about a person who works a 9-5 job and is paid by the hour. Would you say his current job is financially efficient? I do not think so, mainly because the amount of his salary is a direct function of how many hours he puts in. And the constraint is: There are only so many hours he can work his job every day.

Now think of a salesman who earns his living selling cars. Sure, he can earn a lot depending on the demand of the cars and his commission per sale but lets face it, he can only sell so many cars per day. Also, once he has sold the car, he is paid a defined amount of cash, with no recurring payments.

Oct 24

Earn Passive Income – The Best Businesses to Avail

Think about a person who works a 9-5 job and is paid by the hour. Would you say his current job is financially efficient? I do not think so, mainly because the amount of his salary is a direct function of how many hours he puts in. And the constraint is: There are only so many hours he can work his job every day.

Now think of a salesman who earns his living selling cars. Sure, he can earn a lot depending on the demand of the cars and his commission per sale but lets face it, he can only sell so many cars per day. Also, once he has sold the car, he is paid a defined amount of cash, with no recurring payments.

Oct 24

Earn Passive Income – The Best Businesses to Avail

Think about a person who works a 9-5 job and is paid by the hour. Would you say his current job is financially efficient? I do not think so, mainly because the amount of his salary is a direct function of how many hours he puts in. And the constraint is: There are only so many hours he can work his job every day.

Now think of a salesman who earns his living selling cars. Sure, he can earn a lot depending on the demand of the cars and his commission per sale but lets face it, he can only sell so many cars per day. Also, once he has sold the car, he is paid a defined amount of cash, with no recurring payments.

Oct 24

Earn Passive Income – The Best Businesses to Avail

Think about a person who works a 9-5 job and is paid by the hour. Would you say his current job is financially efficient? I do not think so, mainly because the amount of his salary is a direct function of how many hours he puts in. And the constraint is: There are only so many hours he can work his job every day.

Now think of a salesman who earns his living selling cars. Sure, he can earn a lot depending on the demand of the cars and his commission per sale but lets face it, he can only sell so many cars per day. Also, once he has sold the car, he is paid a defined amount of cash, with no recurring payments.

Oct 24

Earn Passive Income – The Best Businesses to Avail

Think about a person who works a 9-5 job and is paid by the hour. Would you say his current job is financially efficient? I do not think so, mainly because the amount of his salary is a direct function of how many hours he puts in. And the constraint is: There are only so many hours he can work his job every day.

Now think of a salesman who earns his living selling cars. Sure, he can earn a lot depending on the demand of the cars and his commission per sale but lets face it, he can only sell so many cars per day. Also, once he has sold the car, he is paid a defined amount of cash, with no recurring payments.

Oct 24

Earn Passive Income – The Best Businesses to Avail

Think about a person who works a 9-5 job and is paid by the hour. Would you say his current job is financially efficient? I do not think so, mainly because the amount of his salary is a direct function of how many hours he puts in. And the constraint is: There are only so many hours he can work his job every day.

Now think of a salesman who earns his living selling cars. Sure, he can earn a lot depending on the demand of the cars and his commission per sale but lets face it, he can only sell so many cars per day. Also, once he has sold the car, he is paid a defined amount of cash, with no recurring payments.

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