CodingElite.com | Articles

Residual Income | Article #288 : RISE – PART 2

In this installment of Residual Income Secrets Exposed, I’m going to pick up our conversation with why it’s important to have residual income and how to pick a company that you are going to promote. It is important to pick a company with a good product.

Okay, so why do we need residual income? Well, think about your regular job. You go there day after day for a paycheck. You will continue to get that paycheck as long as you go to work. But what happens if the day comes that you either can’t go to work any longer or you lose your job due to outsourcing, layoffs of the company just plain goes out of business? What happens is that your income stops dead in its tracks.  There you have it. You’ve spent many 25 years of your life slaving for this company and it’s all gone in the blink of an eye.

This is why we need residual income. With it, if something were to happen to us, or less extreme, if we decided to go away on a vacation, we would still be earning money regardless. So even if we decided that we wanted to stop working altogether we’d still be making an income online. That is the power of residual income.

What about choosing a residual income opportunity? Well, as I said, you want to choose a company that has a good product. Why? For many reasons.

The first of them has to do with Internet regulations. There have been a number of scams that have come and gone over the course of the past 20 years. Because of this, the regulations clearly state that a company that has no viable product to sell other than to get others to join the company, is nothing more than a pyramid scheme and is libel to be shut down. Many sites to this day have met their doom under the new regulations. Because of this, it is critical that you choose your company wisely and carefully. The last thing you want is for your opportunity to get shut down right under your nose.

One of the things you want to look for in a company, aside from the product, is a company that has a track record. Many Internet companies fail within the first year of operation. And what many marketers make the mistake of doing is jumping on the first new thing that comes along.  Their argument is that they have to get in early. Well, guess what? That’s plain hogwash. Tell that to somebody who just started selling Avon products last year and is making a nice side income doing it. Avon has been around for decades.

Now, obviously you don’t want to wait forever to choose the company you want to represent. Just understand that if you decide to latch on to a new company that you have a chance of that company folding up before the year is up. Going into this with your eyes open will at least prepare you.

In our last installment of this series, we’re going to briefly touch on the kind of compensation plans these companies offer and wrap up our discussion with a few tips.

Read The Next Article On This Topic.

View All Articles Under This Topic.

P.S: If you would like to learn more about this topic, you can do so by joining our mailing list. Just go to the top right hand corner of this page, enter your name and email and click "Join Our Newsletter!".