From the net:
Residual income is when you continue to get paid after the work is done.
This includes royalties from books, movies, or songs and also income
that comes from real estate or business investments where you don’t
actually have to be present to earn it. For example, Bill Gates is still
making a residual income from Microsoft even though he isn’t working
there anymore.
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.
How To Build Residual Or Passive Income
The key idea here is leverage. You must be able to leverage other
people’s time or other people’s money in order to create a residual
income. Richard Branson can run 400+ companies because he isn’t actually
running any of them at all. His CEOs are.
To create residual income, you need to create something that people will continue to buy on a regular basis
long after you’ve created it. A house is a prime example of this as
people will continue to pay rent for the right to live in the house. A
business needs to have products that are sold over and over again rather
than trading the business owner’s time for money.
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Perfect definition of what MG does!
We get a few merchants (5-14).
We get a few Agents who do the same.
Then we drop in to our merchants every now and then to say 'hi' and buy a candy bar, dress or tank of gas (or cake or donuts)!
They are our customer/we are their customer.
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The only other sector that offers residual income on the profit monthly from a service that is unconsciously purchased and habitually used is the energy sector. The leading company in that sector which causes a big buzz is a company whose name starts with an "A".
And though it has made impressive residuals,
it cannot compare to the income that will be gained
by those who build Merchant Guard!
First, it's been in business for 9 years. MG has been in business 9 months.
Second, it hit the ground running with an idea which
was exciting to people. But it's
payout is peanuts. If you look at that plan compared to ours -- there's no comparison. They are a reseller and the energy sector margin is razor thin already. In January they cut their residual payout by 30% -- from 9% to 6% -- and spread it
to one extra level. MG pays 56% residual commission.
Third, they might get a customer for this energy company
but the next company that comes along with a better rate or better service, they're
gone. With MG, it isn't really expected that
another company can undercut us first of all and second of all we are
the customer of our customers so it is a win win situation all the way around!
Nothing compares to Merchant Guard!
