Residual bills

What is meant by residual bills and residual income? First, you must realize that your residual bills are someones else's residual income. Look at all those bills that you pay to the same people every month and you'll see how common residual income really is. Your car insurance, your car registration, your rent or mortgage, your utilities, your phone, your credit cards...these are all bills that you pay on a recurring basis.

Now look at your income. Is it recurring? Hopefully you get paid on a regular basis. But is it residual? Probably not. If you work 40 hours for 40 hours pay, then it's linear (or regular) income. But if you're on salary, or own your own business, then you may be working 60-80 hours for 40 hours pay. Residual income is income you make on a recurring basis for work that you did once. Does your insurance agent sell you a new policy every month. No, he or she sold you a policy once and you keep paying them to keep your policy in effect.

Authors, songwriters, musicians and a lot of others have residual income...but in these cases it's called royalties.

Most direct sales and network marketing businesses have residual income. You sign up a customer once and as long as they continue buying from you, you'll have residual income. Pretty good, right? But it can get even better. There is leveraged residual income...you get paid on the sales that other people make. You don't get paid for just signing up new people, which is a common misunderstanding, although you may get a signing bonus when they make their first sale...you get paid on the sales that these people under you make. This is also very common...look at real estate brokers, they usually make 50% of every commission made by their agents because they provide the opportunity to those agents. It's the same thing for network marketing...you provide the opportunity. And just like with a broker, if the agent (or distributor) doesn't make sales, there is no commission to split.

I don't know how much commission other companies pay, but SendOutCards pays you 20% of what each of your customers purchase and between 2% and 27% on the sales that people in your organization make, depending on what level you're at. The more people you provide an opportunity for, the more you'll make.

There are hundreds of network marketing and direct sales companies to choose from. If you look, I'm sure you'll find one with a product or service that you like. If you're interested, I know people in several companies I'd be glad to introduce you to.

Interesting days

Today - Good Neighbor Day, Drink Beer Day and Family Day

Tomorrow - International Coffee Day and World Heart Day You'll need s lot of coffee if you celebrated too much on Drink Beer Day

Next Monday -  Country Inn Bed & Breakfast Day Yum! And it's World Teachers Day and World Habitat Day. It's also Chic Spy Day Do you want to be like James Bond? Check out http://www.beingjamesbond.com to find out how. And listen to the podcasts there. My friend Sandy Shepard was the guest podcaster there for the past several months. And check out Sandy's website: www.beabondgirl.com

October 28 - Plush Animal Lover's Day and Animation Day How many plush animals began as cartoon characters?