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[Brad Emmert Contribution Level: 1]

What is the definition of residual income?

For the last 13 years I have heard the term Residual Income from Network Marketers around the world. Saying that they have it, only to see them with a different company 3 months later?

Or you see them working harder than they did when they had a job.

I believe residual income is when you put in solid work with a solid company, help other people become successful and be paid on those efforts forever.

You put yourself in a position to truly enjoy your life!

What is your definition?

Sincerely,

Brad Emmert
President of Top Biz Trainers, Inc

http://www.topbiztrainers.com/marketingcenter

P.S. Life is good and getting better every day! Make a difference in someone else’s financial situation.

[Michael Stead Company: Fortune Hi Tech Marketing Contribution Level: 3]

Hey Brad,

I define residual income as income that you set up once and watch it grow and grow on a continuous basis. It is not an easy thing to build and it definitely takes a lot of time and effort to build. However, the reward you receive for having accomplished your goals and helping other people reach theirs is by far the most rewarding aspect of all.

I personally believe that if people set money aside first and focus more on helping people and providing people with value, then that's when everything in their life is going to change.

See you at the top,
Michael Stead

[Sam Stone Contribution Level: 2]

For me residual income is defined by a continual stream (or river ) of income. Something like royalties from a patent, music, etc.

People in MLM have been talking about residual income for years now and many claim that MLM can produce true residual income rivers, most successful MLM's I speak to don't seem to have truly achieved it however with the internet I believe it is getting a lot closer for a lot more people.

[Greg Martin Contribution Level: 4]

For me residual income is defined by a continual stream (or river ) of income. Something like royalties from a patent, music, etc.

People in MLM have been talking about residual income for years now and many claim that MLM can produce true residual income rivers, most successful MLM's I speak to don't seem to have truly achieved it however with the internet I believe it is getting a lot closer for a lot more people.

Good advice Sam, I was thinking the same thing. It's like what has been said in the Coffee House letter, the idea of working for 3 to 5 years to build up a solid residual and retire for life have gone.

Persoanlly I think MLM is dead, or at least dying, and if you want true residual income, forget MLM and do what you suggested, write a book or create some music.

[Jerome Ratliff Company: Nu Skin Enterprises Contribution Level: 4]

Residual income is income you can count on "continuously" flowing into your pocket.

It's where we get paid for our residual efforts. We are planters and as a result the harvest we receive is the bountiful "residual income".

That's my definition and you can take that to the bank!

Jerome Ratliff

[Sandeep Nath Company: MyLeadSystemPRO Contribution Level: 6]

A residual income business is one that will make money for your family even after you are gone. In today’s uncertainty, setting up a residual income home business is not only a practical idea, it is even necessary. But how does one identify the right residual income business opportunity?

Frankly, this is not the right question. Why? Read on here ...

http://www.doonlinebusiness.info/2009/0 ... -business/

[Allan James Contribution Level: 1]

For me residual income is defined by a continual stream (or river ) of income. Something like royalties from a patent, music, etc.

People in MLM have been talking about residual income for years now and many claim that MLM can produce true residual income rivers, most successful MLM's I speak to don't seem to have truly achieved it however with the internet I believe it is getting a lot closer for a lot more people.

Good advice Sam, I was thinking the same thing. It's like what has been said in the Coffee House letter, the idea of working for 3 to 5 years to build up a solid residual and retire for life have gone.

Persoanlly I think MLM is dead, or at least dying, and if you want true residual income, forget MLM and do what you suggested, write a book or create some music.

Well, I'm not sure I would agree that MLM is dead, struggling maybe, for most people (but whats new about that), but (as a hopeless writer, and being completely tone deaf ) I would like to add another avenue that's worked for me over the years - promoting monthly membership sites that provide high quality and good value services that everyone working online has to have to succeed ie, autoresponders, capture page builders, ad and URL tracking services etc etc.

Some, happily the one that provides the freedom I enjoy, have multi-tier affiliate commission plans and enjoy high retentions. I won't be uncouth and name mine, but two others that come to mind (and I'm not particularly recommending them, I'm just providing them as examples) are SiteBuildit and Aweber.

[Michelle Cobbs Contribution Level: 1]

I am with Allen I don't believe that MLM/Network Marketing is dead no way, the internet changed the way many do business...yes but to say it is dead it is not going to happen. It amazes me these days how many beat up MLM or Network Marketing (I prefer this term so I will continue to use it as I finish) not working by using the as they say 'old way' well if the old way does not work why did it work so well before computers. Now anyone involved in networking who has been into for over 25 years has grown and moved to incorporate the internet into the mix IMO that does not mean walking and talking, or newspaper adds, or cold calling does not still work. Now I don't cold call but I do tell everyone I meet what I do and give them a card.

The internet is a plus I don't believe people need to just stop all of the old way practices to move to the internet 100% first of all you will miss a great of people who 1) are not on the internet yet! 2) you will miss a group of entrepreneur who still don't have time to sit in front of a computer or laptop to look for a real solid opportunity that may be of interest to them.

I have to agree with Allen on another point..membership sites is hot I wrote a article about this a few years ago much of what I wrote than works today. Other opportunities that offer recurring income are as the front runner of your business network marketing is not a opportunity for anyone looking to make thousands a month fast, if you put in the work yes you will do very well it does take time. You will 'get rich slow' in this industry, 2-5 years or more this all depends on the individual. Remember there is always 1/3 joining, 1/3 leaving, and 1/3 working their business at all times. You will get there it is about being consistent, training, (personal and business) and attending corporate events this is so key that many miss it. Many also don't follow the system that may be in place that make doing this business able to be duplicated by everyone the system is place for a reason it works and is proven so stop adding and or taking away from it and just plug into it. So much more can be said here.

Michelle

[Remko srnang Contribution Level: 2]

What is the definition of residual income?

For the last 13 years I have heard the term Residual Income from Network Marketers around the world. Saying that they have it, only to see them with a different company 3 months later?

Or you see them working harder than they did when they had a job.

I believe residual income is when you put in solid work with a solid company, help other people become successful and be paid on those efforts forever.

You put yourself in a position to truly enjoy your life!

What is your definition?

Sincerely,

Brad Emmert

That sounds about right. Not only for MLM btw

[Thomas Von Ohlen Contribution Level: 2]

Residual Income to me means that you do the work once and then get paid on it for ever. A lot of MLM company's claim that they provide residual income but you have to keep selling monthly products and so does your downline. The residual part is only growing your downline. The company that I am involved with offers true residual income. You sign up your people and walk away. No monthly sales, no effort it is TRUE residual income. It is based on the telecommunications industry and is tapping into a multi-billion dollar industry, so we make money off of the minutes being processed from company to company.