April 23rd, 2013
Published by: mervszine
Residual Income Streams: Can I Build One? In some sense, those who have established passive residual income streams are living the dream. The ability to continue to earn money on work done in the past is really an ideal situation.
Residual Income Streams: Can I Build One? By Merv Stevens on April 23rd, 2013
from employee to entrepreneur. I’m not sure about you, but I classify this as success. I could go on and †on about how fantastic this sort of income stream, but I doubt that’s necessary. Of course you are aware of the freedoms a residual income stream allows. You’re certainly more interested finding out HOW to build passive residual income streams. Let’s take a quick look at a few prominent ways in which you can paid for work done in the past. Routes
to
Profitable
Residual
Income
Streams: Books and Music? In case you aren’t quite sure what residual income streams are, let’s consider the most notable and simplest example; an author. An author writes a given book one time. In some sense, those who have established passive residual income streams are living the dream. The ability to continue to earn money on work done in the past is really an ideal situation. Anyone who has the luxury of residual income streams has effectively turned themselves
Although he only technically produces one unique product, he will continue to earn money on each copy sold in the future. Infinitely duplicatable products often result in residual income streams. For example; recording artists also have this income luxury because their music can be sold infinitely. I know exactly what you are thinking right now. And the answer is “yes”.
1