Residual income. Passive income. Recurring income. Whatever you prefer to call it, it’s something most people don’t fully understand but believe us, it’s worth your time to learn.
So, what the heck does residual income mean? In short, it’s income that continues to be generated after your initial effort is over. Most of you likely work a job where you have a set salary or hourly rate. In order to get paid, you have to punch the clock and do the work. That’s almost the exact opposite of what residual income means.
For example, at eXcel Wellness we refer people to our award-winning products and health system. If someone chooses to join us, we earn a commission. Those people might go on to continue to purchase products month after month because they love them that much. And, we’ll continue to receive commissions on each order months and years down the line all for that effort we made during the initial purchase. How COOL is that?!
So, why is residual income important? Even though we all plan to be healthy and hope that nothing bad happens in our lives, that’s not realistic. You never know when something is going to happen that turns your life upside down and you’re unable to “work” in the traditional fashion. Do you think you’d get paid for all the time you’d need to take off if you’re punching the clock at a 9-5 job? Probably not. If you had an income source that was residual, do you think you’d continue to get paid even if you weren’t “working?” The answer is YES!
It’s been said, “If you understood residual income, you would walk through a brick wall to get it.” Now that you have a better idea of what residual income means, are you willing to walk through that brick wall?
We’re ready and willing to help you start a business that produces residual income!
Recent Comments