More Money, Less Effort The Tale Of Residual Income
The old adage goes, If you work hard enough for something
, you might just get it. While this is generally true, another adage, Life is not fair, is also true. Put two and two together and youll get to one of the most amazing means of earning personal wealth residual income.
Residual income is comes when you are able to earn using the effort of your sub-affiliates and do not rely solely on your efforts to earn money. Doesnt seem fair doesnt it? Neither does it sound believable as well. However, if you look at the picture hard enough, you will see that such means of earning revenue is not impossible. It has even been perpetuated throughout the ages by great traders and businessmen.
For example, if you are a shoemaker by profession, you get paid for every shoe you make. People come to you, order shoes. You, on the other hand will come in and take their shoe sizes, prepare the materials for the shoe, and sweat throughout the night to come up with a shiny pair of footwear in the morning. The customer comes in, tries on the shoes, smiles at the comfort of work of your hand, and gladly pays you for your product. The story ends well. You earn your keep with some good effort.
However, there are means to earn even without putting in the effort of making the shoe yourself. What if the same shoemaker needs more clients? You on the other hand while not being a shoemaker have a bevy of friends dying to get a good pair of clogs on them dont know where to find a place to get them. So you strike a deal with the shoemaker, you get a small percentage of the pay whenever you are able to lead a person through the shoemakers door. Genius, isnt it? You are paid for your expediting the trade between customer and the shoemaker. You earn by being the bridge between both parties.
The above example gives you a basic idea of how one can earn without having to put in the effort of creating the product himself. The next example will jumble up the roles and show how one can earn residual income without putting in the effort himself.
Take again for example the shoemaker story. What if you were the shoemaker and you got paid for every pair of shoes you churn out. After a few years of backbreaking nights tanning leather, and sewing soles together, you realize that no matter how hard you work, it is not realistically possible to exceed a certain number of pairs made per week. Meanwhile, the orders for shoes are pouring in like rain. You realize that you will never be able to meet the demand. Suddenly, you get a bright idea. You are in contact with some pretty good shoemakers that dont have contact with any customers. You then decide to have them work on some of your orders under the agreement that they pay you a percentage of the sales for giving them leads. With this bright idea, you could even earn much more than you would if you did the shoes alone. Plus, you may even come to a point that you make more money while doing nothing at all! Amazing, isnt it.
This is the basic tenet of residual income, get others to do work for your. Get your sub-affiliates to give you a percentage of you their work for the leads you give them. This is a pretty exciting idea to bring to the internet since the powers the internet affords greatly expedite the process of building residual wealth.
There are many different models that employ residual income as a means of attracting clients. Mulit-level marketing is one of them, so are some types of high-yield income programs. MLMs encourage people to join them by promising that they can earn a percentage from the sales of their sub-affiliates, who will in turn earn a percentage from their sub-affiliates. This makes earning pretty much exponential and amazing at the same time.
Learn more about residual income and how it can change the way you earn money! It will completely revolutionize your way of thinking!
by: Elijah Chai
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