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Posts Tagged ‘ Residual Income ’


Earn Residual Income Online

Written by Cody
November 5th, 2009

Since you found this how-to article I’m assuming you already know what Residual Income is. If you’re not so sure then take a quick look at my explanation in the article, “What is Residual Income, Anyway?”

There are thousands of online ads and websites dedicated to creating a residual flow of income. Many of these ads and websites represent a handful of legitimate companies which offer residual income, while some do not. The truth is, residual income does exist and you can have it for yourself if you find the right company with the right product for you.

I am not here to tell you that my company is right for you. That would be ridiculous. There are far too many factors in this equation to make such a blanket statement. So I will do what most marketers are terrified of doing. I will direct you to outside information.

The companies I am about to list are known for creating real, lasting residual incomes. Some of these companies have been around for a long time and some are fairly new. You will find a lot of variety here. Pick the company that you’re most excited about. Because you’re going to need enthusiasm to succeed. Residual income is not easy to create, if it were, everyone would have $100,000 a year flowing into their bank accounts whether they worked or not.

Earning a residual income online is entirely possible. But it isn’t even close to being easy.

Network Marketing Companies Known to Pay True Residual Commissions

  1. Zurvita – Various Products & Services
  2. Mary Kay – Cosmetics
  3. USANA – Health Supplements
  4. Ignite – Energy
  5. AmeriPlan USA – Dental & Health Discounts
  6. MonaVie – Health Drinks
  7. Ambit – Energy & Electricity Service

DISCLAIMER: All of these companies have been given mixed reviews. Network Marketing itself is under constant scrutiny. You will find good and bad reports concerning each company. Please understand that I am not involved with any of these seven companies listed except Zurvita. I have furnished this list as a help to those who are seeking true residual income. To the best of my knowledge I believe that these companies offer a true and lasting stream of residual income.

Cheers,
Cody Miller
cody@retirebefore25.com

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What is Residual Income, Anyway?

Written by Cody
October 1st, 2009

Part 1: Basic Principles

What is Residual Income? Residual Income is income that continues to come in month after month, year after year, even decade after decade in certain circumstances, whether you work or not.

How is it possible? Residual Income works in business models where the customer “subscribes” to or “enrolls” in a product or program on a weekly, monthly or annual basis. (Example: Cable TV, Magazines, Lawn Service, Health Insurance, Electricity, Cell Phone Service, etc.) The customer enjoys these services on a “subscription” basis and someone is getting paid for it.

How Can I Get Some? You can get a type of residual income any number of different ways. The key is that you need some sort of service or product to offer the consumer. This product or service needs to be something that the consumer truly “needs” or greatly desires every single month / year. It needs to be of value to the consumer and it needs to be priced competitively.

The best way (in my opinion) to get started on your way to residual income is to find an established company with necessary and/or otherwise useful products for you to market. This way you don’t need to maintain anything, you’ll simply take your “cut” for having marketed the product. The third party vendors are the ones who will be responsible for rendering services / sending products to the consumer, etc. This is what is known as a residual commission. You do the work one time and the corporation or company will pay you residually. (Read: Indefinitely, until the customer cancels the service / subscription.)

Part 2: Leverage

The Power of Leverage - Wrench

Now that you understand the basics let’s get into some of the deeper concepts regarding the power of Residual Commissions.

I was working on my car the other day, I needed to change some brake pads. To do this I had to remove my wheels, which meant unscrewing the lug nuts. The thing about lug nuts is – they’re on there pretty tight. (And for good reason, these are the things that keep your wheels from just falling off while you drive!)

This would have been a tough task with a standard ratchet – as a matter of fact I attempted it with a regular old ratchet and it hardly worked. So, I went out to Autozone and grabbed myself what’s known as a “breaker bar”. A breaker bar is nothing fancy; it is a long bar with a tip like that of a ratchet on the end. You can attach whatever socket you need and simply go to work.

With the breaker bar I was able to remove the wheels in no time. It took minimal effort on my part and after everything was done I was able to safely and efficiently tighten everything back up. (So my wheels won’t fall as I drive away – as mentioned earlier.)

Please do not miss this point – leverage makes things easier. Network Marketing employs leverage within its business structure. How many products do you think you can market every month? 1? 3? 10? With Network Marketing you don’t need to market hundreds of products personally to see results. You market a few and then you find other people to market a few and they find a few to market a few and soon enough the few become the many and soon enough you have a substantial residual income flowing into your bank account every single week, month and year.

For more specifics I’d encourage you to contact me directly via email or phone. I would love to spend some time with you discussing these principles.

Cheers,
Cody Miller
214-682-5331
cody@retirebefore25.com

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Fundraising for Baptist Mission Trips

Written by Cody
September 9th, 2009

As you may know, my (soon-to-be) wife and I are Christians. We also feel called to full-time ministry, possibly working overseas teaching English or maybe even translating the Bible into some obscure language. We don’t really know. But what we do know is that we are called to GO and we need to start fundraising now so that we can be a part of whatever God wants us to do in the future.

This is one of the biggest reasons why I’m working a full-time job at the church and working my personal business as an entrepreneur an additional 20 hours a week on the side.

While owning your own business isn’t right for everyone, it can be a powerful fundraising tool. The type of income you will generate with our company will continue to pay you every single month, even if you’re overseas somewhere in a tiny hut or jungle.

There is no required cost to stay in business, either, which is another thing we like about being in business for ourselves. We have some monthly expenses now that are related to our business (like websites) but as soon as we find ourselves overseas we can eliminate those expenses and simply enjoy God’s work without being financially stressed.

Lastly, (this is seriously one of my favorite things) we have one product in particular (electricity service) that is FREE to sign-up for and saves people money. So if our friends and family can’t afford a “donation” every month to support our efforts we can ask them to see how much they’re paying for electricity. If our service is cheaper (which it usually is) they may be willing to switch to our company and support us in this way. They save and we get funded! Does it get any better than that?

If you’re interested in fundraising for Christian missions work then give us a c all at: 214.682.5331 or ask how you can support our work by switching your electricity service to us. It is 100% FREE and will usually save you quite abit of money. (We don’t want you to switch to us if it ends up costing you more.)

Cheers,
Cody Miller
214.682.5331
cody@retirebefore25.com

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