The Importance Of Residual Income

Written by Sherri Kirklin on Jan 14, 2008 7:46 am

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

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.

Sherri Kirklin

www.PlantedForSuccess.com