3 Tips on Creating Home Based Residual Income

3 Tips on Creating Home Based Residual Income

The truth is that more and more people are making a truly steady stream of home based residual income. And why not? Rather than trading TIME for DOLLARS in the form of a J.O.B. (Just Over Broke), invest your time and get paid for that initial investment for many years to come.

So I wanted to share with you three tips on what you need to know about making home based residual income. Here we go:

Personally, my favorite and the most lucrative way to make home based residual income is through owning you very own MLM or Network Marketing business. For the average person looking to start a company with low up front investment, without the pain of growing a brick & mortar business from scratch – it’s the only way to go.

]]>

Find a unique product and service that provides great value to the marketplace. Although it is NOT a get rich quick scheme, it will require you hard work, effort and determination but can and will create a home based residual income.

Think of the razor or the blade. Which would you rather sell? Well the blades of course! Razors are kept forever, but blades are replaced weekly or monthly…they get bought over and over forever. If you are involved in a business where you sell something large like a hot tub …well you’re out of business until your next sale.

Highly consumable OR monthly services are the best way to earn residual income.

We are in a different, a new economy. The people who can roll with the punches and adapt to change the quickest will make the strongest home based residual income. If you keep your eyes open to the possibilities, opportunity will flood your way.

In summary, you can make a strong, steady home based residual income in a network marketing model, finding a great monthly service or highly consumable product, and expanding your opportunities. Follow these 3 tips and you will be very well positioned.

Related Home Based Residual Income Articles