Residual Income

Residual Income is awesome.....and the only way to go!  And the funny thing is, the average worker or employee just doesn't even think about this because it is not normal.

The average person knows that in order to earn an income, you go to a job, punch in....work 8 hours...punch out and go home.  If you get sick you have 5 or 10 sick days.  And you get to take a vacation where you don't have to work at all.....and you get to do what ever you want for a week or two...and you still get paid!!!!

But when it is all over.....you have to go back to work!

Well wealthy people know that it can be different.  Most wealthy folks look for all sorts of ways to earn a residual income or passive income.....income that just keep's coming in to their bank accounts.  Automatic incomes!

So if you were a rock star and you make an album or CD and people buy them you get a royalty.....or a payment...anytime someone buys your CD.  Isn't that cool.....you work hard and then you stop.  And you keep getting paid over and over again. Hmmmmm....doesn't that sound better than punching the old time clock?

Well of course it sounds better....duh.....but it doesn't seem to be the norm.  It doesn't sound like the average person can take advantage of getting a residual income....you know like a rock star does.

Back in the day, many folks accumulated huge amounts of wealth through manufacturing....especially in the United States.  But that has been on the decline over the last couple of decades because the cost of labor is cheaper over seas as compared to what it is in America.  But the original owners of these great manufacturing companies created an idea....and mass produced it....and then just sat back and watched the money flow.

Think of some modern day companies such as Apple.  They create a product and get it manufactured over in China.....and then just sit back and watch the money flow in.

So when ever the average person looks at any sort of income that just flows......or a residual income.....well they think that you have to be a rock star or some rich guy who gets his products manufactured over seas....and obviously the average person can't do that.

Now what about an author or writer?  Well now the average person can start to think that it is at least somewhat within grasp.....but not quite.  I mean really an author who writes a book has to be locked up some where and write for a year or two in order to produce a novel or something.  But then getting paid a percentage or royalty on all of the copies of their books.....okay the average person can kind of relate to that kind of residual income.

Well let's list a couple of other occupations that can produce a residual income......that the average person can relate to.

The first one that comes to my mind is the copywriter.  Now notice the spelling.....it is NOT copyright.....which is protective rights on words that you have ownership or authorship over.  I said copywriter.  A copywriter writes ad or sales copy.  basically they write ad's, sales pieces and even speeches.

So copy writing is sales, or the art of persuasion, through the written word.  And people who write copy, especially when they are independent  usually get paid a royalty for their work.....or residual income.  So if they wrote all the ad's for a major mail campaign they would get paid a certain amount of money.....and usually also get paid a royalty for each piece that is mailed out.  But what happens if the campaign worked out real well.....and the client wanted to use it over again?

Well the copywriter would get paid again by earning a royalty on each piece mailed out.  Well that sounds cool.  The copywriter works....and then keeps getting paid over and over again.  They get a residual income.

Yeah but there is one problem.  The average person usually doesn't have what it takes to be a successful copywriter.  And oh yeah.....in order to get a job as a copywriter you need experience, but if you can't get a job....you can't get experience.  So.....no residual income!

Ahhhh.....but there is a way.  In fact there is a way for the average person and that would be by blogging.  You see the person is the one that chooses....not a boss or a client.  And by various methods of generating an income, any average person could generate a residual income.

And the greatest part of it is that the income can keep on coming for years to come.

Years ago I started to follow a person who is a copywriter but he used his skills by doing his own products and websites, instead of writing for clients.  And although I don't think that is right for me to disclose how much he has made, but I will say that he has made quite a bit of money.

Now one of the sites that he made, which was devoted to one particular product has been online and generating a passive and residual income for him and his family for over a decade.  Month after month, year after year......he keeps getting an income from his efforts of his work.....that he did more than a decade ago.

Well let's just say that that not only does that impress me.....it drives me to become a better blogger.  It drives me because this is something that any average person can do.....if you have the right system and method of earning income from your blogging efforts.

Instead of me repeating more about this, I did a blog post this morning about this guy's site.  If earning a residual income is something that interest's you, take a look at THE REST OF THE STORY here.

I am pretty sure that you will agree....a residual income is the only way to go!