When we hear the term Residual Income in reference to
internet marketing, what is it we are really thinking about?
There are many definitions of residual or passive income but what
we are examining is in the internet marketing arena. A true residual
income stream is providing ongoing income from a one-time effort.
Amway is probably the company that comes to mind as one of the
first companies that provided residual income as part of their
marketing efforts. I am sure there were many other companies
that had and utilized these types of payment, but Amway is
probably the most famous.
Many people still have that taste in their mouth about being
introduced to Amway. Someone, somewhere probably has
talked to you about Amway and either joining it or using
their products. You can say whatever you want, but Amway
still is an amazing company that has been extremely
David Wood, a very successful entrepreneur in the internet
marketing field, will tell you point blank, that they have some
of the best learning material in the business still. He even took
some of the ideas from his days with Amway to integrate with
his company, Empower Network.
Within internet marketing, residual income is one of the biggest
assets that you can receive from your work within an internet
marketing company. This means that you enlist a person
to join your company and because of the compensation plan, you
can be paid for the efforts of this person and any other person
that you might enlist into your company.
Each compensation plan for each individual company might
be somewhat different, but in essence they all will pay you
for the efforts of your “downline” in one way or another.
Some plans are much more effective than others and it
might be wise to check this effectiveness if your are planning
on joining a particular company.
Leveraging of your time and efforts has a very powerful way
of helping you build residual income through most internet
marketing companies. Residual income has become a big
reason why people want to join an internet marketing company
but probably many individuals are not aware of this when
they begin their internet marketing career.
Compare the internet marketing residual income with a job
that pays an hourly wage or a salary. When you work for
a company and get paid a salary, you will be paid either
weekly or monthly and if for some reason you are let go
or quit your job, you no longer receive a paycheck. So in
other words, when you don’t work, you don’t get paid.
With an internet company and residual income, you may
work very hard during your first few years of getting
your business underway, but after you have built up
your business and have many individuals working with
you, then you begin to see the efforts of your leverage
and work begin to pay off in a big way.
There are many excellent companies that are almost
exclusively done on the internet and many people
have become very successful because they were able
to follow a well laid out system that allow an excellent
training process. This means that anyone, anyone with
the desire, the purpose and determination plus a viable
plan can make a very comfortable living and have an
excellent residual income.
Many corporate professionals will have a program
set aside by their company to help plan their retirement
years. There is hope that your investments will provide
enough interest paid to allow enough money to be available
so the principal of this money does not have to be touched.
Unfortunately, if the stock market tanks like it did a few years
back, then many individuals are caught in a plight that they
have to spend some of the principal money and might have
very little left if the market continued to have problems.
“The indispensable first step to getting the things you want
out of life is this: Decide what you want!.”