Click here!
Click here to receive 1,000 free hits - Add your website to promotionpalace.com high traffic directory for free!

Wanna Make Money Online?

An educational blog on different ways to make money online and avoid the scams out there. People can post their comments, ideas and ways they are making money online or the scams they fell for.

My Photo
Name:
Location: San Joaquin Valley, California, United States

I am a single Mother of 3 wonderful kids, ages; 15, 16, and 17yrs old. When I was married we tried to have kids for over 6 yrs with no luck. We figured there were a lot of great kids that needed homes so we decided to adopt. We adopted a wonderful one yr old boy in 2004, then adopted his newborn sister a few months later. A week after we got her, I found out I was pregnant! So I went from having no kids, to having 3 kids in less than a year. Be careful what you pray for! I am Family Peer Support Specialist at a non-profit for people with co-occurring diagnosis' such as an addiction and depression, anxiety, etc. Anna is a big believer in the Law of Attraction and has seen it do amazing things in her life.

Thursday, January 19, 2006

Residual/Passive Income - What is it? Can You Make Residual Income For Life Online? - By Gaz Hutchinson

Residual, Passive or Recurring Income is that which continues to be paid to you after the initial effort to generate it has ceased. In other words an making a residual income for a one off or short period of work - an income that is passive and permanent!

This contrasts with what most people do - which is to swap their time for money. Or put an other way, an hourly wage in exchange for an hour's effort. The problem with this traditional way of making money is that there are only 24 hours in each day! So it is impossible to earn more than 24 times your hourly rate. (And how long could you continue to work 24 hours a day?)

One of the huge benefits of learning to create residual income is that once you have set up one line of income you are free to set up many more, safe in the knowledge that each is ongoing. This is known as "Multiple Streams of Income" and the leverage provided allows individuals to earn considerable amounts within relatively short timescales.

It would not be hard to imagine your earning potential if you discovered how to make say $1000 a month in long term residual income, and then repeated the process a few times!

The most well known ways to earn a passive residual income are writing a book and writing songs. Both will pay you an ongoing income each time a copy is sold or performed/played on the radio etc.

"But I Can't Do That!!!"

Obviously unless you are blessed with talent in these fields they are not going to bring you the sort of money you desire, but there is a type of home based internet business that generates exactly this recurring residual income stream.

This work from home business is called many things, Affiliate Programs, Associate Programs, Reseller Programs, Referrer Programs and many more. Most of these will provide you with one off commission type payments, but a proportion offer just what we are looking for - passive, ongoing, long term residual income that keeps coming in week after week, month after month and year after year.

The best program we have found which enables you to bring in at least $1000 a week Residual Income for Life is the Profit Brat Residual Income Marketing System.

Gaz Hutchinson Internet Marketer

For a review of the Profit Brat Residual Income Business Click Here http://www.realmoneysite.com/page/page/2860114.htm

Article Source: http://EzineArticles.com/?expert=Gaz_Hutchinson