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Creative Ways to Make Residual Income

Link ID 27977 Category Business > Entrepreneurs Date Publish Jun 18, 2007 Author Name jamesmlowe Article Title Creative Ways to Make Residual Income Article Full Text At this time, there are three basic paths you can take to make steady, weekly, monthly cash. Regular or residual income is earned by us over and over for something we do once, or a few times, after learning the correct business or investment knowledge applications to use constantly. We do not hobby a business. We work it seriously to make a profit. We can hobby a business seriously and make a small and growing profit at it. It does not have to give you heart trouble or serious wrinkles on your face, in time. Be nice and take it seriously to make a profit. Okay? We do not play different investments or the stock market itself and put our pennies in the hands of a stock broker or commissioned sales man or lady, to make decisions for us. To do this is a financial death wish. Trillions of dollars were lost during the Clinton nineties stock run up and greed crash it brought on. We get financial education before we buy or sell anything. Leave playing to children. A big tough, but nice, guy I knew in Vietnam, during the War, was asked once if he was playing around with something, I forget what. His reply stuck with me forever. He said, I do not play games. He was in control of his life, at his level. and he did not let others play with his existence on this planet Earth. He took complete control of it. With his life plan, when I knew him, he was in control. He did not let big talking people, drugs, alcohol or cigarettes, or obnoxious people ruin his attitude or life. Do you see how strong this is? Direct marketing can be considered like a business in many ways. The same rules apply. If you wish to make a profit, you have to put on your game face, and mind, every minute you are learning MLM, online auctions or any other mode of this income earning style. You must be tough as nails or dishonest and stupid people will eat you up and ruin your confidence and attitude. Now, at this point, you see that you can earn your self made salary by working a home business, investments or direct marketing. Individually any of these or a combination of them, with proper education, will give you a splendid opportunity to earn a splendid income if you are willing to work your butt and brain off to learn them first and then continue to grow after you start them. Think of the growing snowball, small at the top and very big at the bottom, rolling down a hill. That is how it works to have a stable solid residual income for yourself by using creative systems, ways, styles and using solid methods of execution. You work hard and smart to set it up then it works hard providing you capital on a regular basis. In America, Canada and other countries we call this a capitalistic system. Let others run your life and they will cheat you and ruin your life and happiness, even kill you. We are in a war in Iraq right now because their former leader did this to his own people. Possessing your own business enterprise is a capital route to make a residual income you are in control of. Using other methods, an entrepreneur builds a system themselves. You set up how it works and carefully select payment methods. You create the building blocks of the whole system, the general article content parts of it, so you can remake it to work best with the strengths, needs and skills of yourself and others you work with. Business can be created by merely reselling products bought, sold or made by yourself. Do you see the beauty of this? It takes a wide range of investment to start a niche or general business. For example, you can get a fairly solid education for less than five hundred dollars to learn the online auction business from experienced and good teachers. You can take the next step, after you are established, and drop several thousand dollars on a very powerful online auction trainer online. It is very tough to make a business successful if you are not well trained in the designated one you select. This type of residual income is not immediate. However, if you get your designated learning and work hard, long and smart at it you will find success comes almost like clockwork because you properly prepared for it. Your unprepared competition will surely fail. Working hard can be as little as one hour spent on your development everyday. It will take longer to arrive at your income desires but, by God, it will still happen. Do not blame family, friends or pets for failure at slowness in succeeding. Make them partners. Negative people will stop you at anything. Bad attitudes must be changed or eliminated from your friend circle. Investments are an easy method of residual income. Have you heard this unbelievably ignorant statement before? Get a solid education in investing or put all your money in treasury bills. The Rich Dad Poor Dad series of books is the best education I have seen so far. There are about ten or twelve of them. Read them all. They will teach you what to do right and what not to do. The best investment newsletter I have seen is Personal Finance. You can find it by putting, Personal Finance newsletter, in your search screen. It will be the fourth or fifth one down. It is cheaper than most others but they really care about doing a good job. This is the only one I recommend. Investing takes a lot of daily care and brain work. The only investment advice I will give you is, never take a loss. All a person has to do to never take a loss is know exactly what you are doing, never buy any investment unless it paid dividends for many years. Never invest on a hot tip from a friend or emotional letter you get from stock promoters in the mail, these always lose. Take advice only from those who are darned good at it. You and your trusted newsletter. Probably the most popular method is direct marketing. This can involve many different areas and products. One method of direct marketing is the method of selling and building a sales team where you all work together to build a residual income. One method of this is direct marketing, multi level marketing or MLM. This is very hard and dangerous to your financial income due to the high scandal rates, in this business, over the decades. How it works is, someone joins an MLM company that has been in business a long time that is drop dead honest. The company handles everything except marketing, selling and signing up new team members. Most MLM programs can be started with little to no start up costs. This is the kicker because, to be honest, you need a lot of money, talent, love of the business and brutally excellent selling, marketing and promotional skills to succeed at it. You will have to work long hard and tough hours at it. Few of us have the above skills. But, some of us do. Unless someone is going to hand hold you through the whole process you will be wasting your time, confidence, efforts and money to do this. Once in a while a company comes along that is good but they are few and far between. The only company, in this field, I will give a four star rating is Prepaid Legal. The training is excellent, but please, please understand that you will have to work long, hard and smart hours. Your sponsor can not make it work for you but they can help. Be cold as ice if you join them and interview with several would be sponsors and decide on the one who is going to help you the most. He or she will be business like and very serious but helpful and live near you. If you go the mlm route I heavily advise saving up all the money you will have to spend for expenses for a full year before you start. Never, ever use a charge card to start a business because this will surely fail and possibly even cost you your family. I have seen this tragedy happen too many times. Never take money out of your savings account, mortgage or pension to do this, never. Take a second job to raise the funds needed, if necessary. The above ways to make a residual income are the most general ways people earn. Now do you see why your boss is so hard to work for in different ways? Each of these areas are different and offer something new and exciting. Every business, like the best of relationships, will have downsides. Your job is to overcome that. Success only comes through hard work, persistence and being passionate about the business and or cause it works. Anyone should be able to take these methods and earn themselves with a small and then growing income if you are willing to pay the price. Your question now is, do you want to pay the price of your job or your business and investment for the rest of your natural life? Are you a follower or leader of your life? About the Author James M. Lowe writes original articles about home business opportunities. Contact the Author send email to jamesmlowe

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