Residual income, that sounds interesting doesn’t it? But do you know what it means? It means doing something and the results of that something keeps paying over and over again and again. Like royalties from movies, books or songs. Also from investments and real estate.
Making money on the internet is what we are talking about. Would you like to make money working at home on the internet? If you can think of the internet as a store. Then think of your website as a store front, you will be able to sell almost anything that a brick and mortar store sales.
If you are knowledgeable about a subject or product, that could be your store and you could make money selling what you have created or written about. All you need is a website, which you can build in minutes (just click here ).
There are many people who were not born into wealth (such as Bill Gates and Oprah). Yet through the use of the power of leverage and through residual income they become wealthy.
My father-in-law was a barber when he was younger. He said he could only cut so many heads of hair in a days time. So he was limited to how much he could make per day. But if he brought in other barbers he could leverage how much money he could make in a days time and didn’t have to work any harder. That is residual income in a nutshell.
Advertising and promotion is really important while building a residual income. If people can’t find your website, product or service there will be no traffic. No traffic means no sales. No sales means no commissions. Keywords are very important when writing an article to promote a website, product or service. That’s where the training at Wealthy Affiliate comes in. You can sign up and get your free website and hosting here.
If you have any comments or questions, please leave them below in the comment section.