How To Make Residual Income
Many people ask the question, “How to Make Residual Income?” Residual income is where you invest your time and energy upfront and get paid every week or month as a result of your initial efforts. For example, if you write a book, you invest your time and energy into researching and writing your book, cover design, and marketing your book. Once your book is launched, although you may need to continue your marketing efforts, you will get paid over and over again on that book.
Residual income and passive income are similar. Many people believe passive income is income you don’t have to work for. But you still need to invest your time, attention, and even money up front to make passive income.
The key here is an initial investment of time and energy. We don’t get to just sit on our laurels and expect money to come flowing in. We are the creators of our income streams; therefore we need to invest ourselves.
The reality behind making residual or passive income is that you need to have a product that people want to buy. You need to connect with your audience, so to speak. We can create a great product but without marketing that product will never have sales. So the marketing piece is crucial.
Two ways to make residual income is through marketing of your own product, or being an affiliate for someone else’s product. The easiest way to get started earning today is to become an affiliate for an already established product; one that people want.
With the Baby Boomer generation all moving into retirement, one of the fastest-growing industries is travel. Travel is a rapidly expanding market because the largest population group on earth are all entering or soon to be entering retirement and the number one thing they want to do is travel.
So how can you get in on one of the most rapidly growing markets in the world? How can you get a piece of this pie and make a lifelong residual income?
What if I told you there is a way for you to not only make a residual income in the travel industry but you can also enjoy deeply discounted travel experiences? And what if I told you, if you work hard upfront and build your business now, you can enjoy a nice residual income for the rest of your life? Are you interested?