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Residual Income

Residual Income - also known as recurring or passive income, is income that is earned repeatedly for work done once. Royalties on a famous song or book are a classic example of residual income.

For the average person, building online wealth through residual income would appear to be a faraway dream. It need not be so, Network marketing (aka referral marketing, direct marketing) offers a relatively cheap and simple way to build a residual income. The global marketplace of the internet makes this even more of a possibility.

Consider the following example. Suppose you watch a great movie which you think is brilliant. You then recommend this movie to five of your friends. Let us also suppose that the owners of the movie pay you for each person who views the movie. The payment is $1 per person. You would be paid $5 for having recommended the movie to five of your friends.

So far it is ok but nothing to shout and scream about. Now suppose the movie owner offered the same deal to your friends but at the same time offered to pay you as well as them $1 a piece. Lets say they, like you, recommend the movie to five other people. This now means your immediate friends get, like you, $5 each. However you get a dollar for each of their referrals (5 friends x 5 friends referred). You would have $25. Much better, but still not brilliant. Move this forward another 3 levels so that every one in your downline is given the same opportunity 5 levels deep. Here is the full scenario:

See Image


Now thats more like it!. An income of almost $4000. Imagine if this opportunity was offered to you on a monthly basis. This is the great thing about Network Marketing and the most beautiful part is that you do not have to keep repeating the work!. Do it once and you have an ongoing income.

Network marketing relies on a group working together to achieve a common goal, that of financial freedom. It is my aim to introduce you to this wonderful concept and to help you in achieving success in this arena. I have brought together a series of articles and other resources that will ensure that you have the best opportunity to fulfill your dreams and desires.

I would invite you to join with me and my group of dedicated marketeers to work towards our mutual success. The best achievements in life are those that last. Income that lasts is a very worthwhile goal to aim for. I am well on the way to achieving a lasting residual income

External Links

http://www.movie.ws/thelever

Images

5x5 Income
5x5 Income

Contributed by wealthenterprise on April 5, 2008, at 8:59 PM UTC.

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