Residual Income Tool
Residual Income
What do Elvis and apartment building owners have in common? You guessed it...Residual Income! Elvis and the landlord are being paid and they aren't doing any work. Elvis isn't even alive...or is he? Also known as passive income, this means you get paid today AND tomorrow for work you do today.
Types of Residual Income
Although all types of Residual Income are wonderful, they all require an investment, whether it be a financial investment, or an investment of time and energy.
Financial Investment residual returns would include:
- Real Estate Rentals
- Stocks and Bonds
- Annuities
- A diversifed investment portfolio
Time and Energy Investment returns would include:
- Movie and/or Television Royalties
- Record/CD Sales
- Published Author
- Online Business
- Network Marketing
Probably Not In This Lifetime!
If you are like me, chances are we're not going to be best selling authors or Hollywood stars. And the way things are looking financially, our investment portfolio, if we have one, is a bit shakey right now. So what do I see as the best opportunity for us to build long-term residual income? Hey, you guessed right again! Yes...network marketing. But, and it's a big but, only if we are willing to do the work necessary, and that includes the work on the inside too. Many people have tried network marketing before, only to have failed miserably. Although I have been successful at network marketing, I have also told myself I'd never do it again. Well, now everything has changed, because there is a new residual income tool called BizPack that is bringing the fun back!
A Residual Income Tool
What are the tools required for success in today's high tech environment?
- A contact management system
- A marketing system
- Branding
- Internet Optimization & Marketing
- Direct Sales Marketing
- E-mail Marketing
- In-person Networking
You've probably heard the expression, "Success is an inside job." I know by my personal experience that this is a true statement! What if a residual income tool came with a personal development tool? And a feature to help us take legal advantage of business tax deductions? And the ability to hold online meetings so we don't have to pay travel expenses? Does this sound too good to be true?
Business owners spend hundreds of dollars each month purchasing these services separately. Stay tuned, because there is a new kid on the block coming soon that will provide all these services and more, while providing excellent residual income.
Comments
AUTHORThanks Bill & Kimi,
Of course the cool thing is that Priscilla gets paid the residuals from Elvis. Yes, usually residual income passes on to heirs.
Extremely creative article and good attention getter.
Appreciated your comment on Residual Income and with Bizpack as well. You comparison of Elvis and the apartment owner was excellent too. Personally, I'm looking forward to some Residual Income coming my way soon with Bizpack. Great Hub.
- AUTHOR
Indeed! With residual income we have time and energy to live a life of contribution and service. We can care for others as well as ourselves. Thanks for your comments.
Yes residual income, royalties - all those things that show money is working for us instead of the opposite of what we are taught - working for money. I love Robert T. Kiyosaki just for this reason - teaching us how to 'make' money and not just 'earn' it.
Thanks for this hub which serves as a great reminder for me.
- AUTHOR
Thanks, James. I know you appreciate the benefits of residual income!
Hi Jody, great article...
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