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The phrase 'Residual Income', most naturally, keeps popping up quite often when I talk to people about Internet Marketing - or any business investment for that matter. Sometimes we have to be careful to use words or phrases that most people will understand, but that can only be to a certain degree. Ultimately, the thing to do is to clarifiy the meaning of some of the 'not-so-clear' words and phrases. Just this morning, I got a call from a friend who had spent the last night reading an article I emailed to him. I don't know if he slept anytime during the night, but he called me at six o'clock to ask "What is Residual Income, precisely?"
So I am going to be 'precise', and I shall try not to broaden the topic too much.
Residual Income is the amount of income that is left after all bills or personal debts are paid. How simple is that? Usually, it is calculated after the last bill of the month is paid - Well, if it is ever paid - I mean, with the recession and all...
If your bills are not paid, you are heading the wrong way - Whoa! A minus figure is really bad! It is not good to have no residual income, but 'minus'...That is worst. I still think that an online investment would be the best thing to do to earn extra income.
After you finish paying your mortgage, the amount you used to pay monthly will become residual income. It is extra money that is left after your bills are paid. A strong residual income will improve on your credit ratings. The higher your residual income, the more likely it will be for you to receive any loan you apply for.
One great advantage about Internet Marketing is the fact that you can easily create some degree of leverage and improve your chances of earning residual income. For example, If you are marketing by writing blogs or articles, a blog that you wrote in 2009 could still be earning you traffic which converts to income in 2011. You did the work one time, paid whatever dues you had to, and it is still working, earning income without requiring anymore effort or payment. Just think about the endless possibilities! If you write enough viral articles this year, and link them to your website, next year you could be making money even when you sleep!
Peace my friend. See you in the next post.
You can read more articles from Elsue Johnson at Factoidz.com. Click here: cashcentral review
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