The Truth About Residual And Passive Income.
Today in this blog post I would like to talk to you a little bit about the differences between residual and passive income.
The definition of residual income is: income that continues to be generated after the initial effort has been expended. Residual income differs when you compare it to earned income, linear income, or payments in the form of fees, wages, commissions or salaries.
Passive income, is an income received on a regular basis, with little effort required to maintain it.
Passive income could be considered as Social Security benefits, or disability payments
The fact remains that most people in the world today have a 9 to 5 job. This job is something they go to usually Monday through Friday and for most jobs they receive a set hourly wage or a salary. People in this income category perform an act and receive payment for that work performed.
This means, that if you want more money, you have to work more…
This means, that if you want more money, you have to work more with the hopes of getting overtime or you have to get a second part time job.
In either case, you were working for someone else who is developing their own passive income stream.
What does this mean?
It means in basic terms that you are doing the majority of the work, if not all of it, and they (Your Boss) is receiving the majority of the pay.
With only doing a little work. That’s passive income
Normally you will not find instances of residual income in a 9 to 5 job or even for the worker, passive income in the 9 to 5 job. More than likely what you will find is you will be working to accomplish someone else’s goals, so they can live the lifestyle of their dreams.
How can you take these principles and put them to work for you to enable you to generate a residual income and live the life of your dreams?
Actually it’s really easy, you need to develop a residual income stream!
Traditionally, the term residual income has been closely related to some type of home business in the multi-level marketing industry or network marketing. However, you already know, if you have searched any at all about home businesses, that there is a high degree of skepticism, and trepidation, surrounding the idea of owning a multi-level marketing business, or a network marketing business.
The stigma surrounding this residual income model is false, and 100% in the minds of those that do not wish to develop a residual income stream and prefer the act of working 9 to 5 in order to accommodate the realization of someone else’s dream.
Is there another option for developing residual income?
I’m going to tell you the truth. There is!
In the typical home business model of MLM’s, we realize and accept the fact that 99 percent of everyone you talk to will say no. No to the MLM, and No to residual income. In fact, most people will tell you that if you can recruit 1 and 100 people! If you’re really good 2 out of 100 people! If you can do that then you have a very good chance of achieving your residual income goals.
But let’s look at the statistics in order to create your residual income. To Recruit 10 people you need to talk to 500 – 1000 people. That will generate you your residual income and 10 referrals to your multi level marketing company.
That’s allot of Work… Residual income… can I get it Easier?
Yes you can but what’s needed to increase your success rate is an opportunity that speaks to the 98% that’s a no to your MLM or your network marketing company.
What I am Telling You today, is why spend your time talking to the 2% that will say yes when you could be speaking with the 98% that’s a no to a MLM…
They still have the desire to generate residual income
You see, the majority of the people say no to all MLM’s, however, they still have the desire to generate residual income.
So now all we need, is an opportunity, that everyone can do, that requires the minimum amount of steps, that is 100% reproducible by everyone, that generates a residual income.
Today I would like to introduce you to Our Cooperative. I would like to take the opportunity to tell you all about the cooperatives many features, goals and objectives.
However, for the sake of it being reproducible by you when you elect to become a member of the cooperative and generate your own residual income
I’m simply going to ask you to do the very same thing that I am going to do.
I am going to tell you to learn more about the cooperative, by visiting this link below, watch the informative videos on the cooperative. If you have questions ask, when you’re ready click on registration on the right. Complete the registration process, and you will be a member of the cooperative.
Now you have the opportunity to address the 98% that say no, and give them and yourself the residual income you desire.
Now you can earn Residual Income to live your dreams.
Right now, Watch the videos by clicking here
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