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John Kespert
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John Kespert   My Press Releases

What Is Residual Income And How Do You Get It?

Published on 6/19/2018
For additional information  Click Here

What Is Residual Income And How Do You Get It?

     Residual income is money that a person can earn from doing a particular task one time and then getting paid multiple times for it. A typical example would be a singer who records a song once, and then gets paid for years and even decades afterwards when it is purchased, broadcast, or downloaded. Or an author writes a book, and then earns money every time copies of the book are sold.

     Network marketing can do the same thing for you. If you sell products or services that involve some sort of subscription, you can earn another commission not just when you make the initial sale, but again and again for as many months and years as the customer continues to use the product or service.

     There was a time when network marketing involved your stocking merchandise and delivering it directly to your customers. If your sales dropped off, it could result in your having no space left in your garage for your car, or the spare room in your home so jam packed that it overflowed into the rest of your house.

     Today, thankfully, there are network companies that will ship products directly to your customers month in and month out. All you do is make the first sale, and the companies take care of the shipping and billing, and then send you your commissions.

     There are other companies that provide much needed services that don't even require shipment of physical products. For example there are domain name and website hosting services such as Global Domains International.

     You can sell GDI domains and hosting for just $10 per month. You earn $1 in residual income per month for each one you sell, for as long as your customers pay for their service. If any of your customers sign up somebody else to the service, both they and you will earn another $1 a month. You earn 10% commissions from 5 levels of referrals, which in time could become a very substantial amount of income. (I know a couple of guys whose ongoing income from GDI enabled them to retire.)

     Getting paid per hour for work that you do is fine. But when you stop working, that income also stops. But with residual income, you work once to get the initial sale of the subscription based product or service, and then you continue to earn additional income for as long as that person continues the subscription. And, with companies like GDI, you can also earn passive income from 4 more levels of people who you never even had contact with directly. That is why I am a GDI affiliate.

     Another source of residual income that I use is SignaSource, which provides custom interractive email signatures for it's customers. You can get your own custom signature to use in your gmail or any other email account for just $9 a month, and use it to help you promote just about any legititmate business you want. You earn 30% monthly commissions from any direct referrals who sign up for the service from you, and 10% monthly commissions from 4 more levels of referrals.

     TrafficWave is a very popular autoresponder service that provides unlimited autoresponders of unlimited size for $18.95 a month. TW has a very lucrative commission structure in which you could earn ongoing monthly commissions from as many as 10 levels of referrals.

    I am a member GDI, SignaSource, and TrafficWave, and so of course I like to get paid signups in all three companies so as to increase my own residual income. But I rarely promote them individually, since that would be time consuming and limit how much I could promote the others. Instead, I focus most of my promoting on letting people know about how the Virtual Wealth System can help them get signups to all the programs listed within the system (including GDI, SS, and TW) and whatever other 5 companies they want to recommend.

     If you'd like to use the Virtual Wealth System to help you build your residual income, then join VWS for free today. If you are already in any of the included companies, just add your referral IDs. Also join any of the other companies that you like. Then promote and give away the Virtual Wealth System for free as much as you can to as many people as you can.

John Kespert Internet Marketer

CLICK HERE  To Get a Customized Email Signature like this one to Promote Your Business.

Member Note: To comment on this PR, simply click reply on the owners main post below.
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