Article: How to Harness The Power of Residual Income

How To Harness The Power Of

Residual Income

by John Colanzi

Many marketers are so busy losing money trying to get
rich quick, that they never take the time to learn
the true power of creating a long-term residual income.

Trying to get rich quick is a gamble. Only a small
handful of marketers will ever get rich, but anyone
can build a solid long-term income.

It just requires a slight shift in thinking and a
little patience.

Marketing on the Internet is similar to investing in
stocks. The get rich quick crowd thinks like the day
traders.

A few profit and the rest end up on the Boulevard of
Broken Dreams.

The marketers who think in terms of building a solid
income are more like the Warren Buffets. They believe
in investing for the long term.

They realize that residual income can be built over
time and continues to grow every month with a little
effort.

The advantage the Internet Wealth Builder has over
other types of marketers is:

* No brokerage fees to cut into profits

* No transfer fees, that accrue when investing in real
estate

* No crazy tenants

* No property insurance

In essence, an Internet marketer can build his monthly
income starting with little cash and with little or
no overhead to eat into his profits.

So what is residual income?

It's similar to a monthly dividend payment, or any
other form of guaranteed monthly income.

Best of all it's less stressful to build your income
over time.

So what are some ways you can start building a monthly
recurring income?

Membership sites are one way. Many sites pay you month
after month for every member you refer.

Internet services are another way. Hosting,
autoresponders, list servs etc. pay a monthly
commission.

Network Marketing is another way to earn a monthly
commission. Every member you refer is a monthly
check as long as they stay in your downline.

Even better than promoting any one program, you
can weave together a tapestry of programs that
compliment each other.

As an example let's say each program pays $10 a month
per sign up. That works out to $120 a year per sign
up.

Let's say you set a modest goal of ten sign ups a
month. That means over the course of a year you'll
have 120 members earning you $10 each.

That's a guaranteed $1200 a month in commissions after
your first year of wealth building.

Guess what, stick out the first year and your
commissions will continue to grow each and every month.

Not only that, with a year of positive results under
your belt, you'll find that it gets easier and easier
to build your residual income.

The sky's the limit and you've done it all stress free.