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"If you are serious about starting an internet or affiliate marketing business I can highly recommend the training resources that PJ Germain produces. They will definitely assist those wanting to become successful at creating wealth online."Ken via http://kennickless.com/
"I would like to take the time to share with you my admiration and respect for Peej and all the inspiration he has given me and many others with his outstanding training. I can not express enough how much I have learned from his training. His expertise in all that he knows goes beyond what I have ever experienced. He just knows how to teach so that you understand the material and can apply it. Peej is very sharp and knows his stuff . I would recommend him In a heartbeat to anyone...and have!"Linda via Wealthy Affiliate
"$5,000 in 1 month - Anyone can succeed here, you just need to be hungry enough for the results that you're envisioning."Colton http://digitaltimefreedom.com/
"I am a mother to a handsome baby boy named Aiden and to two dogs. I was homeless and pregnant when I found this and now I am able to give my son and dogs the life they all deserve and I am having a blast doing it!"Nessa via Facebook
"This is INCREDIBLE.... the training, support and community is outstanding. Nothing else online compares!"Roland via Web
"I found out at about PJ because we happened to be in the same place at the same time ... some people call that a coincidence; I call pure and solid good luck. We quickly learned that we both were in business to help other people succeed, but little did I expect it would be PJ who helped me (instead of the other way around). I am now on target to have over 40,000 students take my online continuing education and training course. And all because of some simple tricks-of-the trade taught by PJ. I would recommend PJ to people who need to create an online business and also want to ramp that business up so that it can become a full time income. In Great Faith, Cathy He helped make it possible for me and when you put into practice what he teaches, it can possible for you, too. "Cathy via http://www.divorceyourdoctor.com/
"I have followed many of PJ's training for sometime now, have found them to be easy to follow, well thought out and of great value, I have also received personal assistance when I struggled with concepts or had some challenges PJ was always happy to assist and able to help me find solutions, would highly recommend his training! "Katie via
Residual Income and Best Affiliate Programs Reviews
|We have collectively been earning an income online for decades. We have spent thousands of dollars on all kinds of online business opportunities - most failed or were total scams. |
Through it all, we learned to exercise "Good Karma" and attempt to help others by giving them the knowledge on how to create a successful online business and market effectively.
Additionally, we are partial to creating passive recurring income (Residual Income) as we see the beauty of making a sale that pays you again and again.
Check out our reviews to avoid the mistakes and pitfalls we did and discover the best affiliate programs online.
Why Residual Income Is a Smart Business Model and How It WorksResidual income ensures that you are earning money even when you are not on the clock. Residual (passive, recurring) income makes the distinction between successful and stagnating entrepreneurs.
The popular expression “the rich continue getting richer while the poor get poorer” is often used to explain how unfair money and wealth can be. But, the money is not unfair, and this fallacy is only relevant to people who don’t invest the little they have in a wise and well-thought-out approach.
The reason rich people keep on getting richer is because they have a totally different way of investing their time and money.
If you look at some of the most successful people like Bill Gates, Warren Buffet, Oprah, and Richard Branson, you’ll discover that they weren't born rich. They have created and amassed massive wealth in the course of their lifetime. This is because they use and understand the power of residual income in wealth creation.
Let's look into Residual income a little deeper!
What Is Residual Income And How Does It Work?In simple terms, residual income is the money you earn when you're not physically working. It is also called recurring income. This income starts flowing after months or years of hard work and investment of money and time.
You can earn from your business (or, investment) for months or years to come without much effort because you invested wisely. If you set up a business, you’ll be earning residual income while doing other things as well.
Residual income comes from creating and building an asset that continues to pay you after the initial effort and money have been invested. A song or book is an asset to individuals who are earning royalties from it.
A business is an asset to its owner who doesn’t need to get involved in its daily activities. So is the house to the landlord; he/she gets paid rent at the end of the month without working for it.
To build residual income, you must learn how to leverage other people’s money or time in order to create a recurring income. You need to create something that will attract people in such a way that they will be buying it on a regular basis for a considerable amount of time.
What Are The Types Of Residual Income?Some common examples of residual income sources include:
The Residual Income Model MythMany people have the impression that residual income keeps flowing without doing anything to keep it going. However, the truth is that you’ll have to keep an eye on the major aspects that affect your investment to ensure that it’s running smoothly.
For instance, Richard Branson cannot go through all the activities of each of his 400+ companies, but he goes over the numbers every day to ensure that they are doing well. If he notices any irregularity or drop in income, he calls the CEO to discover where the problem might be and address it. What this means is that you have to monitor your investment day in day out to ensure it is performing optimally.
Another myth that dominates the recurring income topic is that we should work to build our residual income and then sit back for the rest of our lives. But the reality is, most people would lose the meaning of life and would get extremely bored if they just relaxed on the beach for the rest of their lives.
Of course, everybody wants to achieve another target after meeting the current one. That's why the world's richest people continue to work. It reaches a point where money ceases to be a motivator; you get motivated by your work or profession and LOVE what you do.
Does The Income Just Keep Flowing In?Yes, an ideal investment will stream in money regularly but an effort has to be regularly invested, and expansion has to be made time after time.
Even if you have employed managers and employees, you’ll need to talk to them and monitor them if you want them to be productive and to run your business/investment better. You also need to market your investment on various social media platforms to build your network and brand.
However, it shouldn't be a full-time job. Take this investment as a part time job that has the potential to generate a full-time income. With time, it's income will sustain you as you build on your major project.
What Are The Advantages To Residual Income?
The Bottom LineThe best types of recurring incomes are those where you have complete control or those which you have exclusive rights. They might be more time consuming or more challenging at the start as compared to those where you share rights, but the rewards are worth all the efforts and money; and the income will be more stable.
Of course, before you start making significant money from your investment, you’ll need to invest a lot of time, some money, and incredible effort into your project or business. You’ll also need to have a lot of patience, dedication and a vision for your residual income in the future. Delayed gratification is a must when it comes to residual income.