Residual Income versus Passive Income
They are basically the same thing. Residual income can be compared to passive income this way: say you are a partner in a franchise. The franchise earns you money monthly from sales. This is residual income. It can also be passive income.
You put very little effort into earning money every month from the program and you do not have to be present or work an actual job to earn residual income.
This is what I enjoy about the residual income opportunities
available online right now. You join an online program you believe in. You upgrade for a very affordable amount, however, many residual income opportunities are free to join.
Residual income is a great way to earn money month after month with very little effort on your part. The most important components are finding an online program that you are passionate about and a program you believe in. Without those two factors, you are destined for failure.
I have been successful earning residual income for more than 10 years now by following the lead of a few extremely successful online entrepreneurs. From them, I have learned that sometimes it is not all about the money, it is about helping the next person become just as successful as you.
That's what I want to do -- help you make money online and run a successful work from home business!