Are you searching for some residual income ideas? Perhaps you are looking for ways to earn a second income or generate enough money for retirement. Whatever the reason, residual income is probably the best way to reach your financial goals.
First of all, let us define residual income. The easiest definition is that this type of income is getting paid over and over again for work you did one time. Think of an actor in a commercial. Once an actor does a TV commercial one time, he or she is paid on that TV spot as long as it runs, which could be years and years.
But what about the average person without any acting skills like you and I who have limited time and/or money to get started. One residual income idea is network marketing. Network marketing has received a negative reputation throughout the years mainly because of a high failure rate. That is due to the fact that people who enter the profession don’t take their business serious or don’t know the first thing about marketing.
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However, if done properly, it can produce incredible riches. In fact, there are more millionaires made in the network marketing profession than any other business industry in the world. And it is endorsed by moguls such as Donald Trump, Warren Buffet and Robert Kiyosaki.