Whats good wealthbuilderz Its yah boy DeVaughn back again with another post and today we are talking about what’s residual income and how to get it. I hope you enjoy.
What’s Residual Income and How To Get it Now
The Definition of residual income. Residual income comes from building an asset that continues to pay you after the work has been done. A book, movie or song is an asset to the people earning royalties from it. A house is an asset to the landlord being paid rent and a business is an asset to the business owner who does not need to be involved in the day-to-day activities anymore.
Online Assets That Create Residual Income
Now lets talk about online assets that help you grow your residual income
A Website or blog is a asset, a youtube channel is a asset, a ecommerce store is a asset,
and a email list is a asset that helps you build your Residual Income. Providing a tool that has a monthly cost and pays you commissions monthly is also a form of Residual income.
These assets if used correctly can grow your residual income month after month after month and year after year. I get residual income from each of these assets I just listed but my favorite is providing a tool that has a monthly cost and pays me commissions monthly when people sign up.
The reason I like it so much is because when providing tools to online marketers that need and use these tools anyway is a no brainer. I get to use these tools to run my business plus I get to sell them and make a residual income while doing it is awesome to me.
It truly is one of the best moves I could’ve made for my bank account and for my business.
How Do You Get A Piece Of The Residual Income Pie?
Well first you have to pick a asset. Then build that asset until its starts to produce income on a monthly basis without you needing to always be involved.
Of course you will need to check on it but you won’t need to always need to be involved for it to make money.
To learn more on how I create residual income by providing tools to online entrepreneurs
What’s Residual Income And How To Get Residual Income Video