Residual Income

Residual Income Is The Way To Go!

 

Five gold stars for residual income

I sure hope you will take this seriously as you read it. Residual income is the best income structure there is to help an everyday person make an extra-ordinary income. You don’t have to be highly educated or intelligent or come from a wealthy background. There are no requirements that would exclude anyone from being able to participate in this income model.

Let me describe to you what residual income is and what it can really mean to you and your family.

What Is Residual Income?

Wikipedia links directly from Residual income to passive income which is an income received on a regular basis, with little effort required to maintain it.

I have a tendency to want to add my own definition derived from my own personal experiences and that is the case here. But first, here’s a story…

Somewhere around the year 2000, Danny came home with a video cassette tape. His cousin had given it to him and told him to watch it. It landed on top of the tv and there it stayed collecting dust for a couple of months. When he saw his cousin again, he promptly asked, “Have you watched the video?” Danny told him “No, I forgot about it but I’ll get my wife to watch it with me.” Still, the video was untouched by anything but the dust. At that point in time, we owned a sawmill and Danny was delivering pallet lumber to his cousin. It was time to make another delivery so Danny came home and made me watch it.

And that was the beginning of a very bumpy ride! That was the day I heard about network marketing and residual income, even though I didn’t really know what it was. After I put my children to bed, I watched that video over and over and over. I was hooked!

Now, I could tell you all the stories I learned through MLMU (Multi-Level Marketing University, also known as the school of hard-knocks in the industry) but I won’t put you through it. Let’s suffice it to say that I was involved in several companies over the next few years and I learned a lot!

I finally found a company that I believed in and could promote without fear of bothering people. I was really proud to represent my company so I went on to make a residual income that was more than any job I had ever worked. When you find that company and you know that you are in the right place at the right time, there is no better feeling!

Residual income is an income that keeps coming in, as long as your customers, clients or distributors keep promoting, consuming, or using the products or services. It usually takes a lot of effort in the beginning to build your income but once you get it started, it keeps going. It was described to me like a jet taking off from the runway. Most of the fuel is used during take-off and it doesn’t take much fuel to keep it in the air once it levels out. That’s the way that I have found it to be in network marketing. A lot of hours are put in at the start and most people don’t make much money, if any at all. Keep working. Keep showing up. Get lots of people to tell you “NO” but keep working. Hopefully, you start making residual income along the way and you will continue to get paid month after month for that work that you did in the beginning!

We did build a residual income in one company over the course of about three years. We are still receiving a check from work done years ago. There were times during the past few years when that was the ONLY income we had. I wish I could tell you how much that check meant to our family but there aren’t words to draw that picture for you. I will say that God knows how to provide for us and I am very thankful!

Of course, network marketing isn’t the only way to make a residual income but it is the way that I know the most about!

If you have experience with mlm, network marketing or have earned a residual income check with your company, please leave a comment and tell me your story!

Blessings,

Michelle

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Michelle Drinkard is a Powerful Woman of God who has been married to a sweet Preacher of the Gospel for over 20 years. She is a mother to two amazing children! 🙂 She is helping people – one step at a time – to take control of their spending habits, stretch their money and get out of debt with reality-based principles. Michelle will tell you like it is… in a REAL, no-fluff, back-to-basics way that produces RESULTS.