Thursday, October 29, 2009

Residual income by definition is income earned from a previous effort that continues to pay dividends month after month…year after year for a lifetime.
Below are some examples of industries and individuals who continue to earn passive residual income as a result of a one time effort.

Recording Artists: The Beatles, ABBA, U2, Pink Floyd, Ray Charles, Frank Sinatra, Prince, Madonna, Guns N’ Roses, Van Halen, Elton John, Dire Straits, Johnny Cash, ELVIS, The Bee Gees, Garth Brooks, Diana Ross and 100’s of other artists and songwriters. Consider the fact that when a CD is purchased, a song is played on the radio, in a movie or downloaded as a ring tone or to an Mp3 player, the singer/songwriter’s continue earning royalties or passive residual income. ABBA for example consistently sells over 3 million CD’s annually to a completely new generation of fans, and they broke up as a band back in 1982.

Movies, DVD's, Merchandising and TV Shows: Seinfeld, Cheers, Friends, Survivor, MASH, Bewitched, Wheel of Fortune. These TV shows are now in syndication which generates an ongoing passive residual income for the actors, writers, and producers affiliated with these shows when they were previously on prime time television. How long do you think a show like "Seinfeld" will continue to air on TV?

Think of all the movies available for purchase after it has run its course in the theaters, in fact many movies on DVD out perform ticket sales in the theaters. George Lucas literally turned the entire movie industry upside down when he had the foresight to have written in his contract to include exclusive merchandising rights and a percentage of the films gross in exchange for a lower director's salary with 20th Century Fox for his yet to be released sci-fi movie, STAR WARS.

The movie execs at the time thought they were taking advantage of poor George because sci-fi movies had been notoriously low grossing films. We all know STAR WARS went on to become one of the highest grossing films of all time and made George a billionaire. The movie executives never made that mistake again; as it ended up costing the studio 100's of millions of dollars in lost revenues.

Other Categories: Insurance Agents, Inventors, Real Estate Investors, Authors, Poets, Actors, Broadway Show Producers, Photographers, Software Designers, Computer Game Developers and distributors in Network Marketing to name a few.
Imagine being able to write a hit song or a best seller or to create a unique invention or to own several income producing properties; then collecting royalties from these efforts month after month, year after year whether you worked again or not. Imagine the comforts and lifestyle of being completely financially free.

As wonderful as it may seem to be famous, the truth is less than 1% of the population has the talent required to achieve celebrity status.
As for the remaining 99% of the population, including professional athletes, all trade time for money. Very few individuals can ever become rich trading time for money because there just aren't enough hours in a day to accomplish the objective. Every one has the same 24 hours to work with, so it's the options available to the individual within that 24 hour time frame that can transform a person's current financial picture.

Unless you come from a wealthy family or happen to hit the jackpot by winning the lottery, there is only one way that a person can start right where they are; armed with nothing more than some applied consistent effort, and can begin generating immediate profits. That is through the concept of leverage marketing.

What is leveraged marketing?
Very simply it is the ability to leverage ones time, effort, and resources in order to create a channel of distribution for products or services through a collective effort.
By harnessing the power of exponential growth through duplication and multiplication of effort, one is able to effectively produce a significant base of consumers in a relatively short period of time through the collective efforts of the organization. The customer base, which encompasses the representatives themselves, is regularly consuming the products or services manufactured by the parent company. This volume in turn generates overrides and commissions; which equates into passive residual income for the representative.

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Make the Leap to Home Business Success
Copyright © Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com/main-28015

Before you can have a successful home based business, you must first possess 3 "intangibles." These are things that must come from WITHIN you.

 ===> Intangible 1 <===

First,you must have a strong WHY.

Why MUST you have a successful home business? What is driving you? What is it that you CAN'T have in your life anymore and/or what is it that you absolutely MUST HAVE now?

For me, I couldn't stand working 12+ hours a day anymore and missing the experience of my children growing up. I also absolutely HAD TO HAVE the freedom of being able to control my life and finances through a little box (laptop computer) that I could carry with me anywhere in the world and not be tied to anyone's time pressures or demands but my own. That was my carrot and my stick. I felt a great pain deep in my gut of missing out on my children's lives and the incredible freedom that succeeding in a home based business would provide for me. I found my why. You MUST find yours.

===> Intangible 2 <===

You must BELIEVE that it is possible.

If you don't believe that it's POSSIBLE for you to have a successful home based business or make your living from home, you won't. It's that simple.

For me, figuring out that it was possible was just a matter of realizing that many other people were ALREADY making great money working from home. If they could do it, I could too. It would just be a matter of figuring out what those people were doing and then adapting it to my situation.

There is no shortage of undeniable PROOF that people (millions of them) are making money working from home. Just get online and do some research and you'll find countless testimonials and stories of REAL PEOPLE making real money on the Internet. Or head to your local bookstore and you'll find the same documented evidence of this fact. Truth is, it's getting easier and easier to make money with your own home based business.

I've always said that "affiliate marketing" (a simple way to make money from home) is the job of the future. In the old days, you had to go to a potential employer, apply for the position and hope for the best. Now you can simply go to any company you want, fill out their affiliate application and start work immediately. Affiliates are the new working class. In fact, making money with affiliate programs or making your living on the Internet is WAY MORE than possible. It is pretty much (or will be soon enough) unavoidable now. Affiliate marketing is the "job" of the future that's already here TODAY.

===> Intangible 3 <===

You must be willing to MAKE THE LEAP.

Ready, FIRE, then aim... This is the operating philosophy you MUST adopt to succeed with a home based business.

That's backwards for most people who like to aim before they fire. The fact is that home based business success is a moving target... The only thing constant about it is change. You need to stop analyzing the game and simply jump into it. You can't learn from the outside... You have to be *IN THE RING* to truly understand and profit from it. In fact, this is a business where you can truly be earning WHILE you're still learning...

The lesson here is that you will never really be READY to start a home based business. You simply have to start one. It's like having children... You're never really ready, but when it happens you adapt and grow and therefore you succeed. This is what I call: "Making the Leap"!

The good news is that the cost of failure with having your own home based business is very small. In the "brick and mortar" world you need to evaluate things very carefully before you decide to open up a business. It's almost always necessary to invest thousands of dollars to get an offline business off the ground. However, on the Internet you can often start a successful business for less than $100. The Plug-In Profit Site is a great example of this where you can get your own money-making site setup free within 24 hours:
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You simply need get IN THE GAME... Each moment that you stay "out there," you're wasting valuable time that you could be learning and skills necessary to build a successful home based business. In fact, if you're not in the game yet, you're ALREADY behind the times... Make the leap to starting and building a successful home business TODAY!

About Stone Evans, The Home Biz Guy:

"I Was A Washed Up Restaurant Worker Desperately Searching For
A Way To Save My Family When I Discovered The Internet And
Affiliate Marketing... 24 Months Later I Finally Cracked The
Code And Started Earning Over $10,000.00 Per Month... Now The
Same System That Saved Me Is Available To You!" Make Money Now!
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