The ability to perform a task today, and continue to get paid for the same task tomorrow, next week, next month, next year is called Residual Income. Energy expended once, by one, is resurrected time - and time again - by others. Everybody wins. Residual Income = Renewable Energy. It is prevalent all around us but relative few are taking advantage of it. Are you? The ability to perform a task today, and continue to get paid for the same task tomorrow, next week, next month, next year is called Residual Income; or you may look at it as renewable energy. On the surface, it seems like a utopian concept that seems too good to be true OR perhaps it may seem like something that is reserved for the privileged few. The reality however is that it is all around us. When you get your telephone account, you will pay a monthly fee every month whether you use your phone, or not. When musicians record a song today and it is played year after year... the royalties continue. The day you subscribe for cable TV and get hundreds of channels (of which you may only watch a few)... the cable company has guaranteed income month after month. This income becomes a new baseline and the company can work on finding the next subscriber to build their annual sales; the cost to keep you as a customer going forward is relatively low. The action is to work today, secure a customer and provide long lasting value. Utility payments, extended warranties, magazine subscriptions, gym memberships are mechanisms in which you, and I, are making residual payments for services that we may continue to use, or not, until we cancel. The Company that you may work for has a standard overhead charge that is placed on every employee. As new business comes in, and more employees are needed, more overhead dollars are available. Maybe these dollars are spent on more health care, more vacation benefits, better offices, enhanced equipment... or maybe they are not. Your daily work however, offers a daily sales contribution that continues to pay dividends long after the pursuit of the business took place. Your salary is just a part of the monthly expense. An author who writes a book, an actor(ess) who stars in a movie, the inventor who designs the next great gadget can reap rewards of his/her effort long after the task is complete. Wouldn't you like to be Harrison Ford still getting a paycheck for the 1st Star Wars movie that continues to be played in reruns? People, and companies, all around us are benefiting from residual income. The question is... are you? Can you play in this arena? Whether or not you know it, you've already been doing cooperative marketing but haven't been getting paid for it. What was the last movie that you recommended to someone? There are a multitude of products, and programs, on the market in which the average individual can play in this arena, and get rewarded handsomely. Through the use of cooperative marketing, you can double, triple, quadruple your energy levels when you share your enthusiasm for something with others who in turn will communicate with others in their own circle of influence; you again are rewarded for this effort because you are the "seed" that spawned these new sales. Great products, and services, are consumed regularly and require recurring purchases and this is where we can make substantial incomes tomorrow, next week and next year for our efforts TODAY. When someone reuses, or pays for my service again, the energy I invested in securing the business in the first place has been renewed automatically with no drain on my time, energy, or pocket and... I get paid. Residual Income = Renewable Energy. Most people have a job. A foundation that offers security, steady income and a daily routine. The company rewards us for the work we do today, and tomorrow and for as long as we show up for work ONLY. "X" yourself out of the equation for a moment... if you do not go to work your income generating capability ceases. But wait a minute you might say, I brought in new business last year and the customers continue to shop with us so I should continue to get rewarded. Sorry, it rarely works that way. Think of how many times you have recommended a movie, a restaurant, a car, a book, your iPod, a concert and the business that you have spawned for those merchants. The respective businesses are most grateful for your enthusiasm, and energy expended as they reach new profit heights, but they offer little compensation in return and most of the time you do not even get a thank-you. A reputable human networking company will reward those who advertise their products by word-of-mouth and in the process save substantially on traditional brick and mortar buildings, and the huge advertising expenses of mail, TV or radio. This concept is known as Cooperative Marketing and it gets you engaged with the company, and part of the success. The company assigns you an account identification in which all sales that you generate get registered in your account and then the recommendations that your customers make in turn to others get credited to you as well, and so on. A notional example of this concept is a company called Global Domains International (GDI), which is rated as one of the fastest growing businesses in America. How do they do it? It all starts with power of $1. You may share this company's product with 5 people for a $10 item and the company will reward you with $1 for each of these customers every month. Not a whole lot you may say. However, these 5 people are sharing the company's product with another 5 individuals or businesses each and the company again rewards you with another $1 for each of those that became customers. Now your revenue is $30 ($5 of your own and $25 from those customers you may not even know). The next month those 25 share it with 5 people each again and you are now rewarded with another $1 for each of those so now you have a monthly income of $155. By five new generations you could have an income in excess of $5000 a month! Wow. You did some work ONCE and continue to get paid every month INCREASING RETURNS. No wonder this company is growing by leaps and bounds and in a product domain that is needed worldwide, Internet domain addresses. The above is just an example of many, many opportunities available in the marketplace today. Imagine the possibilities if your commission is $2, $5, $25 as it is on other products. Energy expended once, by one, is resurrected time - and time again - by others. Everybody wins. Residual Income = Renewable Energy. The beauty of residual income is that the day you go on vacation, you take a sabbatical, your ill or you want to pursue a new business, movie or book deal... the money from your first investment continues to roll in, and grow. This is an Individual Retirement Account, unlike the traditional IRA that you are familiar with, that you can begin to control today without the worry of what the stock market will do tomorrow. People today need multiple streams of income. Everybody should have a residual income source, if not more. If you don't have it, find a source today. If you already have one, add another. Today's efforts can positively enhance your wealth prospects, and financial security, well into retirement. Every successful person has many streams of income and a great personal return is ... Residual Income = Renewable Energy. The realm of possibility exists within you!
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