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Finding the Right Residual Income Opportunity

By Edited Nov 13, 2013 1 1

If you know how important residual income is, then hopefully you are doing everything you can to build as much of it as possible. In this article, I will be discussing the topic of finding a residual income opportunity that is right for you. This is important is because even if you find a great opportunity, if it's not right for you, your chances of success will be quite low.

Do people make residual income with real estate? Of course. There are many people who constantly look for rental properties to purchase in order to rent them out and gather residual income. Now just because this is a method of making this type of income it doesn't mean that you should jump into it without thinking twice. You will need to enjoy the process of finding property, negotiating deals, and finding tenants. If you hate doing things like this or it just doesn't sound interesting to you, you need to find another residual income opportunity.

Some people use the internet to create residual income. They do this by creating websites to either sell their own created products, sell products that other people have created by way of affiliate marketing, or they create niche sites and use programs such as Adsense. This is certainly a powerful way to produce residual income but it's not for everyone. If you don't like to write articles for example, you will have a tough time doing things like article marketing which will help boost your search engine rankings. If you don't like creating sales pages, you will have a hard time convincing people to buy your products. If you don't like the fact that you will have to put in a lot of work and not see any rewards for weeks or even months from now, then having an online business may not be for you.

As you can see, not every residual income opportunity out there will be a good fit for you. The hardest part about producing this type of income is that you won't be getting paid by the hour like you would with a job. Often times, you will have to work like crazy and not see any results. The awards of residual income is definitely worth it but realize that it will take work and time. Using will power to force yourself to do things you hate but must do in order to succeed can only last so long. This is why 99% of people will quit well before they start producing the type of residual income that they really want. Finding something you enjoy doing is important if you want to make sure you stick to whichever path you choose long enough to achieve your goal.

Now what if you don't really enjoy doing any work? Well, if that's the case, then what you can always do is pick a path that will produce residual income and pay other people to do the work that you don't want to do. In every business, there will be tasks that you will hate doing or at least not look forward to doing. If these activities are stopping you from moving forward then outsource the work. If you like to build websites but hate to write for example, then hire someone else to write for you.

So your choices are to find an opportunity such as an internet business opportunity that will fit you and that you will like doing in order to increase your chances of sticking to it or to find an opportunity where you are okay with most of the activities you need to do and just outsource anything you hate doing. Of course, the final way is just to bite the bullet, think of your goals, and do the work if even you hate it. Either way, your ultimate goal is to make residual income, enough for you to retire with.



Feb 3, 2010 6:45am
Well written. Thank you!
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