Residual income is the business concept of earning money over and over again for work done one time. This is the opposite of how people are used to getting paid. Most people are used to the idea of working for an hourly wage, which means they get paid based upon the time they spend working.
Residual income is far superior to working for an hourly wage. It allows a person to get paid what they are worth. What this means is that a person is getting paid for the quality of their work instead of simply for just working.
Residual income helps to produce better quality goods and it helps people to be able to free themselves from that 9-to-5 working world.
Residual income is not a new concept. In fact, residual income is an idea that can be found in many different industries.
A very good example of residual income is in entertainment. Recording artists work one tie to record a record and they make a residual income off that work whenever the record sells.
Residual income gives a person the ability to earn much more then they could ever earn working for an hourly wage. This is obvious because there are only so many hours in a day that a person can work.
Residual income allows a person to earn income whenever. They do not have to be working or even be thinking of work to earn money. This is the beauty of residual income.
A residual income requires some work upfront. A person will have to create a product that will be in demand and that will be something that will interest people. They have to market that product and they have to set up a system to automatically sell and deliver their products. This can be easily done online because websites can be set up to handle all aspects of selling goods.
Residual income has many benefits and it is clear to see why so many people are interested in residual income from home.