In today’s shifting economy many people are on a search for alternative sources of income. Some are looking for ways to earn residual income, but is it really possible to earn more and work less?
What is residual income?
Residual income is derived from work that is done at the outset, and then continues to generate income after the initial investment of time and energy. For many the promise of residual or passive income has been something like the search for the Holy Grail online. There is a lot of hype and a lot of ridiculous income claims with regard to making money on the Internet, so let’s set all of the empty promises aside and take a look at what’s really required to earn residual income on the Web.
One of the most effective residual income vehicles is Multi-Level Marketing. With this potentially lucrative business model, distributors earn an income when they sell products to consumers and when they recruit other distributors to sell under them. Distributors earn a commission based on their own sales volume along with the volume of their team.
The Internet has infused this business model with infinite potential because it has made recruiting so much easier and more efficient. Now, instead of stalking friends and family members to join their new opportunity,
Work less and earn more
It won’t be long before the team has been set up and trained properly, and they are beginning to establish their own teams and train them as well. At that point you will begin to see the fruit of your labor as your residual income begins to grow. You do the work just once but you continue to reap the benefits for years to come.
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If the quality of your life is important to you, and you’d like to find a way to let go of trading hours for dollars and start embracing a freer lifestyle, then developing a Multi-level marketing business might be the perfect fit for you.