Benefits of Network Marketing - Passive and Residual Income Streams

Network Marketing is one of the few industries that offers both Passive and Residual Incomes.

Let's explore what these are. 

Network Marketing is a home based business model where both types of income are present. With some work and dedication you can build both passive and residual income streams in Network Marketing.

Passive income offers increasing levels of financial security. Although you might take a risk when first establishing the mechanism for passive income, if it proves to be a steady flow, it offers great security because it’s not connected to your time. Passive income can be found in your Network Marketing team building. Presumably your team is doing work; bringing in customers and building their own team. You will be getting paid on their efforts. 

Residual income is an income source resulting from cash flow received on a regular and predictable basis, requiring minimal to no effort by you to maintain it over the long-term. Residual income is extra cash flow where you did the work up front and are now reaping the benefits with minimal ongoing work. If your Network Marketing product is sold with an Autoship option, that means you get paid long into the future for one sale. This is residual income because you do the work once and you keep getting paid long into the future. 

Residual Income Synonyms:

Passive Income
Recurring Income

Definitions of Residual Income (noun):

1. Money earned long after active work has been completed. 

2. Income generators when you are no longer on the clock.

3. Freedom