The Importance of Residual Income

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.

Copyright 2005 Romel Wallace

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.

---

How To Find Deep Discount Pro Online Marketing Tools

You can't row a boat without an oar or build... Read More

Solution Catalog - Getting More Out Of Your Searches The Fast And Easy Way

Are you Tired of being Burned by your Internet solutions?... Read More

Relevancy - The New Black for Online Marketing?

Information OverloadWith information overload rapidly killing traditional forms of online... Read More

Secrets Of An Internet Marketing Newbie - Or How I Fell On My Face Trying To Get RICH

A Cautionary Tale for the Internet Marketing NewbieIn an attempt... Read More

Truth and Lies

How low can one get? The number of encounters I... Read More

My 7-Step Secret Formula For Cashing In On Content!

Copyright 2005 Kurma GroupContent, content, content - everybody's talking about... Read More

Ecards as a marketing tool

As any successful businessman will confirm, having a great product... Read More

Time Management And Organization For Online Marketers

TIME DEMON. For online marketers, time is one of their... Read More

Internet Marketing: The Secret Magic Of Converting Your Website Visitors To Buyers

It is not enough to set up a website to... Read More

How Do You Live the Internet Dream? Automate, Automate, Automate!

There's no doubt that one of the things that excited... Read More

Internet Marketing - Article Announcer

Who said marketing on the internet was easy. All the... Read More

The Center of Your Internet Business, You

As an Internet entrepreneur your ultimate goal is most certainly... Read More

7 Tips to Help Internet Marketers

To make a living online is the dream of many... Read More

The Paradigm Shift of Internet Marketing

There is a trend going on in the world of... Read More

A World Outside The US

With the exception of myself and a small handful of... Read More

Ways That You Can Make Money From Your Online Business Model

If you are convinced by now that you wish to... Read More

Cheap & Easy Online Marketing

A successful online business takes more than a website?a lot... Read More

Learn Judo and Beat the Summer Traffic Blues

Did it seem like as the Fourth of July fireworks... Read More

Product Not Selling? This Could Be Your Lucky Day!

So you've created a digital product ready for sale on... Read More

How to Choose an Internet Marketing Strategy on a Shoestring Budget

An Internet marketing strategy is important if you plan on... Read More

Boost Your Business in 3 Simple Steps

For all those who still think internet marketing is rocket... Read More

Internet Marketing and Public Speaking: The Murder Board Practice

I recently posted an article titled "Internet Marketing and Public... Read More

Local Search Makes Your Business a Big Fish in Your Local Community

The Internet Contains Billions of Website Pages - All Clamoring... Read More

Attitude - The Marketers Most Important Trait

Attitude is a key part of each of us. A... Read More

Becoming A Successful Internet Entrepreneur

You're motivated to run your own business, aren't you?If you're... Read More

The Deadly Itch!

It is a story about Manku, a blind man who... Read More

How I Shot Myself In the Foot.. No, Wallet!

I need to let you in on some very important... Read More

Secrets to Business Success on the Internet

Secret Number One: The Key Is A Niche MarketIdentifying a... Read More

Grab that Browser! The Captive Affiliate Marketing Model

Creating mini-sites that grab your browsers and prime them into... Read More

10 Deadly Joint Venture Profit Killing Mistakes

1. Not sending out another mailingSending another mailing (to the... Read More

7.5 Ways To Get More Sales Through Your Web Site

Yes, apparently - websites are supposed to make money! Somebody... Read More

Time is Money in Online Marketing

We all do it.Spend time and money sourcing those vital... Read More

Streamlining Internet Marketing

With each new Internet Marketing (IM) Guru, there comes a... Read More