A Home Business Built On Residual Income

Building Your Home Business With Residual Income

Hi Folks

As usual lots of members signing up to wealthy affiliate and deciding to follow me have asked. "What is the best way to make money online?"

This blog will be the one I will point them in the direction of in future.

Having an Internet marketing business is great, but did you know that doing it with residual income is even better? The best way to be able to get the most returns for your time invested is through getting for yourself residual income that just keeps on coming. Here are some reasons why residual income, with multiple streams of income will work best for you.

Because You Are Not Focused On Individual Sales

Unless you are selling something that is in great demand, and selling for a lot of money, getting individual sales is good, but not the best. Now a lot of people can do quite well through individual sales - but they have to keep on making the sales - or their income stops! If you have one line of income, then you could be instantly out of business. You could also look at it this way. If you are laid off from a regular job, then your sole source of income is gone.

Suppose, however, that you could get a sale that would bring in monthly, for years to come, a small but continual income. That is what is meant by a residual income. An example would be an Internet Services provider (we all have one), and offering services to your customers. In this example, people buy into it - and will pay for the services for years to come. After you get so many people signed up, you could literally put your Internet marketing business into neutral and go on an extended vacation. You would not even need to be there in order to make money. It operates itself.

Because You Are Free To Add Multiple Streams

After your first home business gets established, then you are free to build a second work at home income stream. The first business becomes largely self-perpetuating, only needing a little attention each week. This frees you to develop a second line, and then a third, if you desire to keep going. This makes the most sense and it is just like diversifying a stock portfolio. The more diversified it is, the less risk you have of losing all you have invested.

Those that have become really successful use these means to do so. That way, they do not have to devote a constant 100% in order to keep getting those new sales. By now you should be able to see the advantages of setting up multiple streams of income, with each providing a residual income as well.

Ask yourself this one very important question.

Which would you rather have, a customer who buys one item for a thousand dollars, one time, or a customer who pays you fifty dollars a month for years to come?

There you have it in a nutshell as they say so I hope the definition is clear to all who read this blog.

Enjoy your day folks, and if the urge comes upon you then by all means leave a comment below.

Robert Allan