Residual income can be hard to understand at first. Most people are used to earning an hourly wage based upon the idea that they earn money for the hours they work. Residual income is a very different concept.
Residual income is where a person earns money over and over again for something they do one time. So, instead of having to put in hours to earn money, residual income is based on the idea of doing something once and earning an income off that work for long after it is completed.
Generally, residual income opportunities are based upon an automated system. There has to be some system in place that allows the income to be earned without the person having to anything.
The internet is the perfect atmosphere for residual income. This is because the internet is very automated. There are many different ways to earn a residual income through the internet.
Websites now have many features that allow they to work without any human interference. Customers simply visit a website, place their order and everything is handled by the website software.
This allows a person to work one time to set up their website and place advertising. They then can leave the website to build them residual income.
There are also other ways, like affiliate programs. Either being an affiliate or creating their own affiliate program can allow a person to make a residual income. Affiliate programs are automated by nature and they can be a huge money making option that requires little work.
Residual income is not a new concept and it can be done offline, but it has been brought to a new status because of the internet. People are finding that residual income is the way to go. It just pays off better then working really hard only to be paid for it one time.