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What is meant by residual bills and residual income? First, you must realize that your residual bills are someone 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
Tomorrow - World Heart Day, Biscotti Day and Ask A Stupid Question Day
Next Thursday - Chic Spy Day, Country Inn Bed & Breakfast Day, World Teachers Day and Balloons Around the World Day
October 28 - Hug A Sheep Day, Make A Difference Day, Plush Animal Lover's Day and Animation Day
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