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. See what others are saying: TESTIMONIALS Why Residual Income Is a Smart Business Model and How It Works Residual 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: Advertisement, donations, subscriptions, or affiliate marketing links from your website or blog Royalties from intellectual investment such as patents and books eBook sales An investment program or savings that earns interest Transferring some rights to a book you wrote, a song you recorded, a gadget you invented, or software you created to a company where you agree to get a percentage of the amount each copy made Stock photography royalties The Residual Income Model Myth Many 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? It gives you a chance to be financially independent if the investment or business continues generating significant income that can sustain you in the long-run. Residual income allows you to do other constructive things with your time. Whether it’s your hobby or part time job, residual income investment will never be your main focus of life. You can be able to build on a major project by using the income you are getting from your passive investment. You’ll be making money no matter where you are, unlike with active income where you’re tied to the location of the job. Finally, the residual income business model allows you to be your own boss and therefore, you can make any decision or work when you want. The Bottom Line The 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.