Residual Income Model
Very few people know about the residual income model and what it can do to actually help them increase the quality of their lives. So, it is with this post, that I will attempt to explain what the residual income model is, who currently benefits from it, and most importantly, how you can benefit from it.
The Residual Income Model Vs. The Traditional Income Model
The vast majority of working people are under the traditional income model, where a person essentially trade dollars for hours. You work a certain amount of hours per day and per week, and you get paid for those hours worked. You are allowed a set time for vacations and sick time with which you still get paid, (for the most part). The course, the main disadvantage of the traditional income model is that once you stop working for whatever reason, your income stops.
With the residual income model, you get paid over and over again for doing a job once. This model will allow for more flexibility in your life due to the fact that you are not trading hours for dollars. Instead, you take the time to put in the work to provide a product, or service… something that has a subscription component tied to it. Once you acquire customers for your product, that product is paying you month after month, regardless of whether, or not, you ever work again.
Who Currently Benefits From The Residual Income Model??
Recording Artists, Authors, Actors and Actresses, and Network Marketers, (just to name a few) all enjoy the benefits that a residual income model provides. For example, when a film start puts in the work to create a new movie. The film star will do about 3 months worth of work in order to get the film to the point that it’s ready to be released. Once the movie is released people will pay to see the movie. This is residual income. When the movie is done with it’s run in the theaters, it will move to Blue Ray DVD. More residual income. Then after that, the movie will start to play on cable and local TV stations which means what? More residual income.
How To Start Your Own Residual Income Model
If you think that starting your own residual income model is too hard, or too expensive to do, I have good news for you. It’s not nearly as hard as you think it maybe. I implemented my residual income model back in September of 2010, and I’m glad to say that I haven’t looked back since.
However, starting a successful residual income model will require that you do the following:
1. Study and learn all you can about what it is you want to do.
2. Invest in your personal development.
3. This one is key. Whatever you decide to do… Don’t EVER GIVE UP!! This is the worst thing you can do.
If you need assistance on where to start online….
Click Here To Learn How You Can Develop Your Own Successful Residual Income Model
To Your Continued Success,
P.S. If Your Upline Does Not Have a Step-By-Step Blueprint For Success, Check This Out (Unless You Already Have Too Many Leads) – Click Here For Instant Access!!
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{ 4 comments… read them below or add one }
Rodney – you are correct in saying “NEVER GIVE UP”! That is the KEY to success in this business!
Steve Hawk
Steve Hawk recently posted..See Why Direct Selling Works (Free Download)
It took me a couple of times before I finally “got it” Steve.
This is awesome Rodney! Residual income is the way to go! I never thought about Movie stars having residuals tho. Great point! Thanks for sharing!
April Marie Tucker recently posted..Unleash the Alpha Within – April Marie Tucker reveals all to Darren Little “The MLM Superhero”
Thank you April. That shocked me too when I learned that.