The Importance of Residual Income

The concept of residual income or passive income is probably one of the most important concepts you will ever learn in your lifetime.

I know. This is a pretty big statement.

Well, it's a pretty powerful concept.

Anyone that can master the concept of residual income is on their way to a pretty comfortable lifestyle. Simply put, residual income occurs by building a system one time that can produce a recurring stream of revenue once the system is set up.

This income arrives on a regular basis. It can occur on a monthly, weekly, or daily basis. The frequency depends on the business system itself.

What's so great about this is if you are willing to work hard and build a residual- based system in the initial phase, you can reap the benefits from this one-time labor for years to come. If you look around you, you will see examples of residual income all over.

For example, when you pay a internet service provider, web host, telephone bill, or cable TV bill; they are receiving a regular recurring income for providing their service to you. The valued members of a website provide the owner with a regular, recurring monthly income. In return, they are provided with valuable information.

Residual income is what you want. Unfortunately, there are many opportunities available that really do an injustice to this concept.

Seriously speaking. Doesn't it make sense to make a recurring sale of a product rather than a one time sale?

Of course it does.

Yet so many people just don't get it.

Master the concept of residual income and you'll master your destiny.

Copyright 2005 Romel Wallace

Romel Wallace, Jr. is the founder of http://www.makeachange.com - "Make A Change by Associating with Programs that Really Work". Subscribe to Make A Change Success Tips (MAC) at subscribe@makeachange.com to find out how. You may freely distribute this article if left intact including this notice.

---

The Forbidden Fruit: Marketing Credit Cards Online

A common question and topic of discussion among Internet marketers... Read More

Why Your Internet Business is Like the Stock Market

As savvy stock market investors know, chasing after the one... Read More

Viral Marketing - Spread the Word

While a virus, in Medicine, is the smallest infectious agent,... Read More

The Secret Of Focused Responsive List

Once you have decided on your ideal business to create... Read More

A Powerful Selling Tool on the Net - 3 Factors To Apply

The Internet is a powerful selling tool. Never before has... Read More

Year In Review: Top Ten Internet Businesses 2004

The internet boom hit a high mark in 2004. With... Read More

Website Marketers Enemy No. 1

There comes a time in your efforts to market your... Read More

Networked Markets Are Democratic, Structured Markets Are Republican

Today I was checking out Michelle's A Small Victory. There... Read More

Don Quixotes Post Humous Virtual Expedition - Filling The Black Holes In Cyber Space

Perhaps the online community today is not so different from... Read More

5 Ways To Treat Your Website Like An Employee And Reap The Rewards

People often come to me in a state of crisis... Read More

5 Sure Fire Ways To Send Visitors Away For Good

Way No. 1 - Clog Up Their Internet ConnectionImagine it.... Read More

Double Your Revenues with Joint Ventures

The best way I know of to multiply your online... Read More

Experience the Benefits of an Internet Business

The Internet industry is booming and offers opportunities galore for... Read More

7 Quick Marketing Tips To Uplift Your Profits

1. Publish an ezine.Your ezine will help you to stay... Read More

The Struggling Internet Marketer

Instead of giving you advice on how to make a... Read More

One of the Golden Rules of Internet Marketing

In my opinion, one of the 'Golden Rules' of Internet... Read More

My Dumbest Marketing Blunder And How You Can Avoid It

When I started submitting Ezine articles, I never realized their... Read More

Website Sales: 10 Shocking Tactics To Energize Your Sales

Let me reveal to you a few shocking website sales... Read More

How To Profit Using Public Domain Works

The public domain is full of books, journals, literary works,... Read More

Constant Change Is The Only Certainty In Online Marketing

This old saying which addresses the variability of the weather... Read More

Simple Steps to a Great Banner Ad

Everyone is using them now and if you're planning on... Read More

Top 10 Marketing Tips for Newbie To Start

Looking for some tips on being a newbie in the... Read More

At Last, A Plain English Guide to Internet Marketing

Have you ever been horrified and intimidated at the convoluted,... Read More

Income Producing Tasks and The Fluff!

Think about everything you can do in your business that... Read More

The Deadly Sin Of Inaction

"There is difference between knowing the path and walking the... Read More

Online Advertising Techniques

Online advertising is necessary for your computer business to grow.... Read More

When Internet Marketing Gurus Sell Their Souls

If you're just getting started in Internet Marketing, you may... Read More

Profitable Online Marketing - Guaranteed!

When you boil it right down, there are really only... Read More

5 Steps to Achieving Success in Marketing

1 Planning:When starting your marketing strategy, it is wise to... Read More

Autoresponders = Automatic Internet Marketing Success

What if you could send out all the information that... Read More

Sins of the Internet Marketing Godfathers

What is an Internet Marketing Godfather?Someone who I *perceive* to... Read More

Internet Marketing ? Have a Beer With Your Own Internet Marketing Consultant

Did you ever wish that you could sit at the... Read More

Take the Direct Route to Internet Gurudom

- Are you tired of chasing down publishers just to... Read More