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.

---

Internet Marketing is Changing Right Before Your Eyes!

There's no doubt about it . . .Big changes are... Read More

Constant Change Is The Only Certainty In Online Marketing

This old saying which addresses the variability of the weather... Read More

What is Pay Per Call? How does it work?

Pay Per Call is the next wave of advertising on... Read More

Website Sales: 10 Super-Charged Tactics To Spark Up Your Sales

If your website sales are down and you desire to... Read More

Boost Your Web Site Sales

The following strategies are used every day to boost sales... Read More

Niche Marketing and Finding Your Way to Profits

If you haven't heard the word 'niche' being batted around... Read More

8 Myths About Online Marketing

These myths about online marketing. Seasoned marketers and beginners alike... Read More

How Do You Make Gold Online Without A Database?

That is a great question!We all know by now that... Read More

Attitude - The Marketers Most Important Trait

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

What is RSS - For Marketers

RSS is a technology that has the potential of overcoming... Read More

Many Small Revenue Streams Are Best

There's an old story about a guy who had a... Read More

Online AD Tracking ? An Ongoing Process

Without tracking, your online advertising is just a shot in... Read More

The Website Marketing Strategy that Never Fails

Developing a successful web site takes more than simply building... Read More

The Truth About Info Business

Let me save you, at least, several hundreds of dollars... Read More

Six Little Used Online Marketing Strategies

1. Utilize Your KnowledgeDo you have extensive knowledge in a... Read More

Income Producing Tasks and The Fluff!

Think about everything you can do in your business that... Read More

Marketing and Design to Get the Most out of Your Website

Once you have figured out your what your focus should... Read More

The Most Important Aspect Of Internet Marketing Ever

Hi there,It is still scary to see how many internet... Read More

10 Ways To Increase Your Ads Efeectiveness

The current climate on the internet is very unfavourable to... Read More

Website Marketing: 10 Proven Uncommon Tactics Ways To Accelerate Your Profits

Would you like to accelerate profits at your website?Here are... Read More

Double Your Revenues with Joint Ventures

The best way I know of to multiply your online... Read More

Hispanic Web Marketing - An Emerging Strategy

Major marketers in the United States have recognized the importance... Read More

When Internet Marketing Gurus Sell Their Souls

If you're just getting started in Internet Marketing, you may... Read More

e-Marketing Strategy: 7 Dimensions to Consider (the e-Marketing Mix)

What is e-Marketing?e-Marketing is still quite a controversial subject to... Read More

Simple Steps to a Great Banner Ad

Everyone is using them now and if you're planning on... Read More

Is Internet Marketing Saturated?

Is internet marketing and the potential for it saturated? I... Read More

Know The Fundamentals To Success

Internet Marketing is right for everyone. Unfortunately, not everyone is... Read More

The Most Valuable Asset in Marketing - Do YOU have It?

The single most important attribute for a successful Network Marketer... Read More

A World Outside The US

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

How to Turn Freebies in to Sales

You can increase sales and profits by offering freebies to... Read More

5 Things More Important to Internet Buyers than WHAT Youre Selling II

Web commerce is all about courtship, not salesmanship. In life,... Read More

Internet Marketing Strategies

The right strategies to win a share of the Internet... Read More

Resources For Staying Current of IT Advancements For Online Business Owners

The internet and associated technology changes at a relatively fast... Read More