Most of us have been taught to go to school and get an education. Ideally you graduate from high school and further your education through college or a trade school. Some go on to achieve their Masters or PHD allowing them to command more money for their time. Ultimately, one must choose what they intend to do for a career, earn a living and be productive in society. Not that you or anyone else needs a “diploma” in order to be successful but some would consider it to be a “marker” of discipline, as to whether one may finish the task or do the job required.
Residual income is known as money that is received on a regular basis from efforts already sown. Could be thought of as money that is “left over” from an initial purchase or ongoing installment. Its nickname or also known as (AKA) “mailbox money” and can be obtained by anyone, graduate or non graduate.
Usually to keep receiving residual income, one must still be “active” within the company or organization. Should they leave or break “policy”, you can expect to stop receiving any further residual money. Replacing the mailbox money with a final termination letter and ceasing any more paychecks as the residual return comes to an end.
Passive income is similar to residual income but with one major difference. With passive income you can now be an “inactive” party. Qualifying you to “retire” from your venture an yet still keep on receiving your expected paycheck. Not to be confused with a pension but giving you the freedom to maintain your preexisting standard of living, while NOT having to work for it (the paycheck) any longer.
You hear a great deal of individuals giving testimony to having a residual income, which is what most people strive to obtain and rightly so. This is to be expected when working within a home based business environment or any other self-earned income opportunity. However, if you can build your residual earnings into an ongoing passive income, you will be better off once you choose to STOP acting (or working) to get the paycheck.
Whether it be residual income or passive income, once you get a taste of either one you will most likely want to continue in this manor and grow it to unlimited heights. Allowing you to experience a lifestyle unlike others they may need to report to workplace at a certain time each day, week after week and year after year.
If you are currently representing a company or thinking of joining a company that offers residual income as a form of payment. You should check into their company policies and learn how your earned paycheck may be treated, should you choose to move on to another business opportunity. Losing a residual income after spending your time and energy creating it, could be devastating if you are not aware of its tenure ahead of time.
Frequently Asked Questions
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QUESTION:
Residual Income?
The company had 0,000 in total assets and ,000 in operating profit this year, and thecompany requires at least a 12% return on assets. Compute the company’s residual income.-
ANSWER:
no.
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QUESTION:
residual income?
anyone know any good legit companies to make residual income so I can quit my job?I joined www.greaterchance.co.uk for now which seems quite good and reasonably cheap to join but I am looking for more.
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ANSWER:
Perhaps you should do a network marketing idea.
Try the product (sample) and see how it works out for you.
If you "like it a lot" it may be something you can build on and in a year or less be better off and able to work around your own schedule. It isn't an over night success quit your job tomorrow but if you happen to like it and build a solid team of clients and business builders you may have more then residual income. -
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QUESTION:
What is a solid Residual Income Opportunity that will teach me to make extra income from home?
Hi
I am a strong believer in personal development and am looking for residual income business opportunity that will allow me to make extra income from home.
Any ideas along that line? I hate lotion/potion companies (as do my friends and family) so, any ideas/suggestions along the lines of internet marketing?-
ANSWER:
I found something that basically describes what you were looking for (asking about) as far as earning extra income & earning residual income is concerned.
It is a network marketing company that is based on self help and personal development. The guy you see in the video is Jason Cardamone, a good friend of mine... and he is doing incredibly well with Success University. I would recommend checking it out if it is something up your ally... for sure!
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QUESTION:
How do I generate residual income online?
I realized more and more people are generating residual income online these days and some are earning much more than their current monthly salary. Please give advice on what is the easiest way for me to generate some residual income online with minimal investment. Thank you.-
ANSWER:
Hi it seems to me that you are very new to online marketing and are looking for a business that is: -1) Easy
2) Produces results in a short amount of time
3) Free training provided with tool and resources provided
4) Very minimal investmentWell, I was in the same situation as you a few months back and now I am generating a profitable income online and can even build my own webpage from scratch. The coaching and tools provided are fantastic and not to mention, my mentor is there to help me all the time. You can get more details from http://www.infinitydownlineworld.com. Hope I answered your questions.
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QUESTION:
What is the best way to build a life long residual income?
If you recommend network marketing, which company? I mean a residual income that doesn't budge a digit for a life time.-
ANSWER:
You just invited a bunch of spammers to post here. Best thing to do is get a good job, live within your means, invest in a 401K and IRA and you'll do well. Good luck.
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QUESTION:
What is the best residual income producing sales career?
I'm looking to start a career and I'm an excellent salesman, I would like ideas of career paths that produce residual income. Thank you to everyone that contributes.-
ANSWER:
Probably insurance. If you become an agent for one of the major car insurers you'll be rolling in money in no time, with residuals that last forever.
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QUESTION:
How to earn £100 a day in residual income?
I have a target to earn £100 a day in residual income. I want to achieve it in 6 months to 1 year. I don't have a clue how I will do this. I'm strugling to start my plan for a week now. If you have a plan you are able to share... Thank you! Any step by step idea is welcome! I will feedback you with results and details till the target is achieved and is stable.-
ANSWER:
I understand residual income different from you guys: its an income which is continuous and requires little or no input. Check description at wikipedia
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QUESTION:
How to exactly make money online in the form of the Residual Income?
Having been referred to some residual income online business opportunities before, I still need your expert guidance on how to actually get started and most importantly how to make sure I really make money out of it.
In advance many thanks for all your unselfish input and advices.
I look forward to learning from you.-
ANSWER:
If people are telling you that you can earn thousands of dollars a month, they're lying and probably trying to scam you. The only real way to earn money online is with PTC sites and it's completely free. You can earn 100-200$ a month or even more. There's lots of info about that topic on this blog, you could check it out
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QUESTION:
I do videography, any ideas on how i can create a residual income from my video services?
i do videography part time, i would like to keep the flow of income coming in so i can do this full time. Most jobs are one time payment jobs that are not to much. i'm buying more equipment or software which uses up the money that i make, with my full time job, my time is limited, trying to come up with some creative packages that will not be exspensive but will be a residual flow of income.any ideas?-
ANSWER:
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QUESTION:
How do you make residual income?
I'm a college student who was laid off last year due to the economy. I have been approached many times by multi-level marketing companies trying to get me to work for them and earn money. I have heard many bad things about a lot of them, but I have heard good things too when I've gone to their meetings. I want to support my family, but be able to spend time with them too (my last job I worked 80+ hours a week). What is the best way to gain residual income without having too much cash on hand?-
ANSWER:
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QUESTION:
Is there a real good way I can make residual income online?
Is there a real good way I can make residual income online? Serious answers please... ads that have nothing to do with my question will be reported. Thank you-
ANSWER:
There are ample opportunities to make money through online association but it will require developing skills specific to a particular discipline.In my case, I'd suffered the loss of much of my vision (now restored surgically) and had to shut down my repair business. I got involved in the stock market, set about the job of learning all I could. Years later, I'm loving every day as I greet investment opportunities I've selected.
We tend to think in terms of finding wealth hiding under a rock or within a blog. It doesn't work that way, unfortunately. Rather, we have to admit that some of us hide under the rock and only then can we attempt to change things.
There is income to be made online, definitely. It is for each of us to figure out how we can develop opportunities within ourselves. The Internet brings information to our doorsteps and enables us to communicate with our fingertips. Making money will come as a result of creating an environment that invites prosperity. I'm convinced anybody can make a lot of money become a reality. I've seen it in others, I've lived it myself.
What makes you different? Interesting? Why do people appreciate you? What can you offer of value to others?
Answer these questions and the rest is easy for you need only figure out how to package yourself and your worth...it may be an advisory service guiding others, perhaps another sort of service offering remedies and solutions.
Len
PS: Thank you for discouraging spammers---I can't stand their selfishness, myself.
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QUESTION:
What exactly is residual income?
I think I have an idea of what it is. What jobs or businesses most likely produce residual income? Off the bat, I think Real Estate, but I know there's a lot more.-
ANSWER:
The "residual" used to mean the income that an actor, musician or other performer received after the TV show had gone into re-runs or syndication... These days the term is used a lot by CROOKS who want to scam people. The whole MLM or whatever game is NOT productive and should be avoided.
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QUESTION:
The residual income of the firm belongs to?
The residual income of the firm belongs to
OPTIONS ARE:
A) creditors.
B) preferred stockholders.
C) common stockholders.
D) bondholders.-
ANSWER:
By FIRM if u mean PARTNERSHIP FIRM, then the Residual income belongs to "PARTNERS OF THE FIRM"If it is a JOINT STOCK COMPANY (JSC) registered under Companies Act 1956, it belongs to COMMON SHAREHOLDERS.
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QUESTION:
What is the best way to build residual income?
If I were to build my passive income to be greater than my expenses, how would I go about doing that?-
ANSWER:
You could write a good book, and if it's popular, you can make money from sales for years. Or get a principal role in a movie or TV show, and get money from DVD sales or syndication.Or you buy dividend-paying stocks and cash those dividend checks that come in quarterly.
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QUESTION:
How many different ways are there to earn a residual income?
I would like to know what others are doing to earn this kind of income. Because it is some thing that I am looking into.-
ANSWER:
sell fast moving products online.
low cost and you can start almost immediately.To me to make $$ online, you will need a real products that you can resell them online with Ebay/Amazon.
of course there are many other ways out there, but this is what i know and have been doing it for years.Where are you based?
I buy at low price and resell them on Ebay/Amazon.
If you are serious and based in USA, then you may pm me.
I can even dropship for you, so basically you can start with almost no $$ down.
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QUESTION:
How to create residual income?
Home based business, residual income. Finding a company that will pay you for years to come-
ANSWER:
Steve,I may be able to assist you in finding a Home Based Business that offer true residual income. Please feel free to contact me or visit one of my sites. I would love to see if we have a match.
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QUESTION:
What are the easiest methods of building a residual income?
I've written a book and love the idea of getting a little income every time that it gets sold. Can anyone name me 10 other ways of doing something once and then getting paid for it over and over again?
You are a gent Theo. Do you think I could make anything by writing a poem?-
ANSWER:
No doubt about it, Internet Marketing. Build it up and create a great permanent residual income.Try this: http://www.good4gain.com/rockettheprofit.htm
You could also emulate Patrick Hernandez, author/songwriter of "Born To Be Alive", who is still living handsomely from his royalties some 25 years later.
Write a great piece of software, that will also do the trick.
Seven to go, I'll keep an eye on this question for other answers.
Hope this helps, good luck in your search.
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QUESTION:
How do you calculate Residual Income in this problem?
Washington Company and it's two divisions:Adams Division:
Net (After-Tax) Income: 5,000
Operating Assets: ,000,000Jefferson Division:
Net (After-Tax) Income: 5,000
Operating Assets: ,250,000Washington's actual cost of capital was 12 percent. In addition, Washington Company's top management has set a minimum acceptable rate of return equal to 8 percent.
This is in my homework but not in the book. Please help.
There's supposed to be two answers, one for each division.-
ANSWER:
k
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QUESTION:
What is the best residual income? ?
Understanding the residual income as the one that is made while being asleep, if you are currently making or enjoying such income, I would greatly appreciate your good suggestions or directions on what kind of business I should look out for in order to secure and ripe an ideal residual income for the rest of my life.Many thanks in advance.
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ANSWER:
There are many ways to make a residual income. One example would be vending machines. They make owners residual income because the owners are not there to take the money all the time. But some work was involved by the owner to find the best, most profitable, location of that vending machine.I'm not sure what you would consider the best residual income, but the best for me is affiliate marketing. Again, there is upfront work involved and work to keep things going, just like the vending machine owner that has to fill his machines, but it has provided me income when I'm not working on it.
The key is to get a program that will not leaving you to figure everything out on your own. I have had programs like that in the past and have given up because I didn't know what I was doing. Find a good program that will guide you through your online marketing learning curve.
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QUESTION:
What FREE business opportunities are vehicles to build residual income best?
Please include links to TRUE FREE opportunities only.
Nothing required to puchase or sell ever.!
I am not looking for a single horse. I am looking for the components to create a financially viable solution.-
ANSWER:
Companies outsource work these days… check with local businesses. Offer services and keep accounting and payroll records for them on your home computer. Write promotional materials. Learn how to design websites for them.Also a good Free online book on starting a business, "Go it Alone!" Find it at New Free Books
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QUESTION:
Is Bishop Eddie Long positioning his church to receive residual income from the gas accounts of his members?
I heard that there's a company in Georgia that can help churches raise money without having its members spend any extra money out of pocket. Has anyone heard about this?-
ANSWER:
Biship Eddie long has not been to any of our meetings. Do you know him personally? If so, let's talk about raising some passive income for your church. I've heard great things about New Birth Missionary Baptist Church. Or if anyone who does know or goes to Bishop Eddie Long's church, feel free to contact me. I'm actually looking to help some church's in Georgia raise some passive monthly income. View my website at http://www.GeorgiaGasProvider.com and give me a call.
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QUESTION:
How can you and I earn a six figger residual income?
I have read a lot of books on people doing this and it seems kind of easy to do. It sounds like all we would have to do is do exactly what they have been doing to earn the amount of money they earn. It doesn't sound like it is rocket science. Is there anyone who would be willing to help do this? Please let me know.-
ANSWER:
Most of the people that do it can spell the word 'figure.'
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QUESTION:
What are some ideas to get a residual income for a full time college student? ?
Work at home or alone suggestions are fine, but please exclude any "direct marketing" or "buying direct" schemes being that they tend to be either a scam or a pyramid.-
ANSWER:
Easy, buy a house and rent to fellow students is the best one that I can think of. Another is to have investments giving off interest to live on. Any thing else is just a job and isn't residual income.
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QUESTION:
What are some on-line companies that you could work for to make Residual Income?
However, I know many of them out there are scams, but there has to be a few ones out there that aren't scams, right?-
ANSWER:
Check out MoreNiche great affiliate program, great for newbies,http://www.w8lossreviews.com/commission175.php
you can start off fast with as much as in starting bonuses by using the above link
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QUESTION:
How to acquire streams of passive/residual income without money?
Please flag trolls and spammers.-
ANSWER:
You could try writing songs or novels. Some multi-level marketing companies will let you start for very little money. Either way if you succeed in getting the income you desire you will probably feel you earned it.
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QUESTION:
Do insurance agents make lump commision and residual income on renewals?
Trying to see if they get a small % each month a premium is paid or if they get flat rate at start of policy then a smaller % for every renewal date?
If someone sold a standard auto policy 1 auto for 100/300/75 on a average structure what would that yeild in comission? Trying to gage a small say earnings.-
ANSWER:
Yes for Life Insurance they receive 55% of first years premium and 10% yearly thereafter typically.
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QUESTION:
What are some legitimate ways to earn a residual income?
No scams please!-
ANSWER:
I have a home based business that's earning me residual income. You can have your business for free, too. There are other businesses that will earn you a residual income, as well.
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QUESTION:
What is the difference between residual income and linear income?-
ANSWER:
1. Linear Income
a. Salary: You work so many hours, you're paid so many hours.
b. Sales: You make so many sales, you're paid so many sales.
c. Services: You perform so many services, you're paid so many services.
-When YOU stop; your INCOME stops.
-To expand your income you must work more hours and/or hire people.
-Either way, growth is linear too, and you always have to be there.2. Residual Income
a. Continuing royalties on patents.
b. Continuing royalties on copyrights or performances.
c. Payments on renewals of memberships, subscriptions or insurance policies which were originally sold by you.
-These tend to dwindle over time and finally peter out.
-To expand your income you must work faster and/or hire people.
-Either way, growth is only linear, and you always have to be there.
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QUESTION:
What are the best online business opportunities to generate passive/residual income?-
ANSWER:
The best one I know of is being an infopreneur.A person creates a Web site on a topic other people are interested in learning about. The site makes money in a variety of ways.
You can learn more at the URL below...
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QUESTION:
What kind of job can I get or business I can start,that will provide me with a good amount of residual income?-
ANSWER:
That all depends on you really. What types of businesses interest you? Online? Consultation? Selling products? etc, etc. Getting that good amount of residual income is determined by how much time & effort you're able to put into something...and that something should be of a great interest to you.Think of all your interests & ask yourself if any of those could be expanded into a business. Just keep in mind...what's your expertise? What are your interests? What could you imagine yourself doing?
Then, once you have some ideas, research, research, research. Check out the competition -- their business practices, pricing, customer service, etc. And also think about what you could offer to set yourself apart from these other companies.
Check the sources for some handy sites.
Hope that helps! I wish you much success & happiness in all your ventures!
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QUESTION:
What is a successful way to make a residual income?-
ANSWER:
I work for a company that is not a MLM model, and there is residual income! I love it -- there is no risk, no large investment, and everyone "wins"! The company is a reputable and strong one, and has impacted so many lives positively! If interested, please contact me and I would love to share more information with you.
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QUESTION:
What are the best affiliate programs to generate residual income?-
ANSWER:
The best affiliate programs are those that your visitors are interested in, respond to, and works well with the overall theme of your site.Many people make the mistake of joining affiliate programs -- and make that their entire business. Their website is nothing but that affiliate program resulting in offering nothing unique to the public. Afterall, if that affiliate program has 10000 affiliates, then it means you have those many competing for the same market using the same look and content in your website. Your site will have NO VALUE and you'll simply spend and spend to get traffic to it
Check with sites such as
Commission Junction http://www.cj.com
Linkshare http://www.linkshare.comto see which affiliate programs fit well with your website
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QUESTION:
What is the best way to create a residual income?-
ANSWER:
Current bond market is going to hold as long as it can then there will be a precipitous drop in bond values. Thus, it makes more sense to look for high yield stocks. Maybe a high yield stock fund. Consider that most overseas economies will have a higher growth rate than US economy.
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QUESTION:
What are some ways to make residual income?
Don't say
MLM's
blogging
ebay
e-book
music
vending machines-
ANSWER:
Open an IRA
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QUESTION:
what is the best way for someone to earn residual income?
What is the best investment? Real estate?, dot com's, ect...-
ANSWER:
I believe investing in rental properties is the best way for a person to earn a residual income. Here are my reasons why:1. The tenant is basically paying the mortgage. The rent you charge should be more than the mortgage so you have a monthly cash flow.
2. There really aren't too many headaches associated with landlording. I know one guy who manages 17 rental properties, and only gets 2 or 3 calls a month total. If you really don't want to be a landlord, you can hire a property management company to do all the dirty work for you (such as evictions).
3. Once your rental properties are paid off, all of the rental income goes into your pocket!
4. You can take advantage of numerous tax advantages associated with investing in real estate that you can pocket even more cash.
5. You can use the equity in your rental properties to buy even more rental properties!However; before you invest in rental properties you have to know what your doing. It's best to find a mentor who's been there and done that and can guide you along your real estate investing endeavor.
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QUESTION:
How long did it take any of you affiliate marketers to make a small residual income?
Meaning 2-4k a month...-
ANSWER:
It entirely depends on how much you put into it. Making money on the internet is not easy. But you can do it if you do some research and work hard. Good luck!http://superaffiliatechallenge.com
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QUESTION:
What are some great ways to make a residual income?-
ANSWER:
Here is a list of ways to make residual income:1.) Write a book and distribute to Amazon.
2.) Create a hit single and get the radio to play it!
3.) Make a website and generate profits from advertising and affiliate sales...
4.) Write for companies that pay residuals for articles online.
5.) Join GPT websites and generate referrals (you will get a portion of your referrals income)
6.) Pick up photography and submit to stock photo companies.
7.) Buy an apartment building and use a property management company to rent it out...
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QUESTION:
How to make a small residual income of roughly ,000 per month?-
ANSWER:
Get a job at McDonalds?
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QUESTION:
What are some quick ways to earn 10 dollar daily online? (residual income source will be appreciated)?-
ANSWER:
For the 99,486th time...
The Internet is not some magical cash machine.
There are NO online jobs. No data entry. No surveys. No clicks. Nothing. Anywhere. Really.
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QUESTION:
Which is the best Affiliate program available that could generate residual income?-
ANSWER:
There are many good affiliate programs out there, but I like Profit Lance because it teaches you how to build long term skills for internet marketing. Like so:
http://www.goarticles.com/cgi-bin/showa.cgi?C=1066634
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QUESTION:
If you could make unlimited residual income, why would you turn your nose up to the opportunity?
Why does everyone make fun of, or bad mouth, an online company that is #2 behind Amazon.com.....a business that not only makes life easier for those who use the products, but can make anyone an unlimited income with a small amount of time invested simply by talking to people? A small start up fee, under 0 and talking to people about changing where they shop for everything they need.... saving time, money and gas.......yet, people laugh, make fun of and turn away from it.......I don’t understand!
THIS IS NOT A SCAM...THIS IS REAL, WITH REAL PEOPLE DOING IT.....THIS IS EXACTLY WHAT I AM TALKING ABOUT....-
ANSWER:
It does work and the good thing is that only about 5% of people believe in themselves and don't pay attention to people who are so negative. People don't like seeing others being successful. It is easier to put people down than praise them. The internet is full of negative blogs and complaint sites. Blaming others for their failures and use the internet to broadcast their complaints to the world. Ignore the people who attack success and find others who are willing to work hard for a few years and then can have the choice to do what they want.
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QUESTION:
How do I find people who want to work at home with reputable company (BBB) and make great residual income?
There is no selling, no inventory and no deliveries. You can work part-time (0-,000 per month) or full-time, (,000 per month and up.) For an appointment, call Gail Ashen at (714) 330-6982, or email at alethiaashen@yahoo.com Subject: Yahoo Answers Work-
ANSWER:
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QUESTION:
What are some ideas of a residual income?-
ANSWER:
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QUESTION:
Work with a residual income?
I have a neighbour who obviously has a decent income. He does not work and says all his income comes from previous work and all his money comes from 'residual incomes'. What sort of work would have given him this sort of earnings?-
ANSWER:
There are various sales jobs that pay a residual income. I sell credit card processing services and receive a residual income every month based on the sales of my customers.
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QUESTION:
What are the ways a person can earn residual income?-
ANSWER:
Get a great best seller in your resume. Any book, really -- How To... are very big; children's books, since Harry Potter, is a good way to get going.Buy rental property, manage it and add more to your property to get rent. Make sure you get enough money to make the payment so you are just getting gravy.
Be a song writer, and have that song hit the top charts.
Auction off things you have, and if you have a good eye for under valued things you find, you'll keep getting more than you paid.
I don't really know what else, but I'm sure a good stock portfolio will bring income.
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QUESTION:
Have you ever made any good residual income money ?
As a loans agent. Arranging loans through commercial banks under licence of a reputable broker,or is this market flooded now with high tech banking, morning TV ads etc.?-
ANSWER:
As a licensed mortgage broker, I would say if you don't know what you are talking about, learn. It is a tough market, and those who don't know how to do the business might as well move on over. Many many people know how to do loans, and not just how to pass leads on. However, that being said, if you are going to be a loan agent or loan officer, be sure to be on top of it, it can be a great income. But don't be one of those slacker loan referral passers.
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QUESTION:
residual income without a computer any help please?
does anyone have any ideas how a 28 year old male can earn residual income without using a computer help!!!!-
ANSWER:
Why would you ask a question like that on an Internet website?The mindset here is focused on the Internet and that requires using a computer.
The only way I know to earn residual income away from here is to get in the Life Insurance industry.
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QUESTION:
Best ways to earn residual income?
based on your experience or on people you know. thanks!-
ANSWER:
A medical transcriptionist is a good paying job. it requires that you can type good & get papers to your dr that you're working for.
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QUESTION:
Has anyone heard of Freedom residual income and are they legit?-
ANSWER:
i haven't heard of them but i don't believe in things like that.
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QUESTION:
What are some serious suggestions for generating PASSIVE residual income?
What are some businesses (other than multi-marketing businesses) will have this effect? I'm ready to get started!
this is a serious question. Please respond with serious answers only.-
ANSWER:
You can get passive residual income from insurance policies that are renewed or from financial instruments, like mutual funds that cost the customer a fee every year or things like that.In all cases, first you have to sell the item, then you get a stream of small residual payments for them.
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