subject: Residual Income Model Might Be Your Ticket To Fortune! [print this page] Residual Income Model Might Be Your Ticket To Fortune!
An income generated continuously after being set in motion with a huge action, plan or sale is called residual income model. This type of income is usually preferred than wages, commissions or salaries that are linear income or income that is stipulated in just one time. The problem with the linear income model is the fact that it has to be generated constantly through marketing a product or a service offered by companies. Example of a linear income is your regular working job with salary or wages. It simply means you get paid one time for work and each work that you fulfill.
So, why is a residual income model more preferable? If you have residual income, you get continuous money even after the first sale. Examples are what musicians get from recording a song or what writers get for writing a book. They earn royalties and they only needed to record the song once or write a book. Another example is a percentage from oil wells drilled on your land or renting or leasing real estate. You can get passive income through interest or dividends from investments and the like.
It sounds particularly easy if you find the right residual income model for you. You can't benefit from royalties if you are not a famous singer. If you can't write or create an artwork that is worth duplicating and can amass a whole country of followers, then earning from royalties is not for you either. However, if you know how to market these two things and then some, then you can be part of the growing passive income opportunities. This is what we call affiliate marketing and network marketing.
So, how do you choose the correct residual model income for you? Well, you have to keep in mind that most opportunities require an investment of money. It also takes skill and some time. Residual income might be easy and appealing but like all things, it's not without some work or investment. You can think of your skills or something which you can create, offer or make that can be duplicated easily enough and can help solve problems of some people for a long time. The most practical and easiest program any normal person can slip into is affiliate programs. There are already many companies like ACN technology which deal telecommunication services, a service that virtually anybody is using every minute. You can also choose to promote health products as people today are more health conscious. You can surely benefit from their large following if you are an affiliate of these popular programs.
