1) Residual Income (also called Passive Income) is income earned on an ongoing basis for effort done once in the past. Some examples include:
- An insurance agent that gets commission when a customer renews their policy
- A network marketing or direct sales rep's income from her direct customers when they reorder product every month.
- A marketing consultant who creates a workbook and sells it in e-book format on the Internet
- An e-book author selling her e-book through affiliates who promote the product
- A network marketer who builds a downline and receives commissions on the sales made by people in his downline
4) Good Marketing And Sales Sites that will sell your product/service and that will sell your business opportunity for you. All that you need to do is send people to your sites and that should win them over for you. Remember, by the time people figure out what company or business you have, they have already "bought" you by opting into your list or lists. You have already cultivated a trusted relationship with them.
Just remember that you need to really believe in the business you're in. Passion and enthusiasm go a long way in the industry. Let people see how much you love what you are doing, they'll want to learn more.
Until next time,
Reach For Your Dreams
Amy
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