Numbers 1 = Residual Income = Do It One Time + Get Paid Over and Over and Over…

How would you like to do something one time but get paid for it multiple times? How about getting paid for it for the rest of your life?

Yeah, sounds too good to be true, doesn’t it? 

That’s because most jobs don’t work that way. Most employment opportunities have a 1:1 relationship between work and pay. That is, most jobs work like this: 

• You do the work once = you get paid once
• You don’t do the work = you don’t get paid

When I was in high school, I earned money by cutting grass over the summer break. I generally made enough to carry me through the entire school year. 

The problem was… well… I had to work in order to get paid. If I was on vacation and someone else cut the grass for me, they got paid (I didn’t). Or if it rained and the cut had to be postponed for a few days… well… so did my pay. 

But what if I could cut the grass once… and get paid every time some else cut the grass?

That’s kinda how residual income works. This “residual income” (sometimes called “royalty income”) is different than the typical way people get paid. It works like this:

• You do the work once = every time someone takes advantage of what you produced you get paid again and again and again…

Royalty Income- an example

A few years ago I published a book. I wrote it one time. I still get paid every month, at the end of the month, when people purchase that book. It’s an example of residual / royalty income.

Think about what would happen if I had to write the book again in order to get paid again? Yeah… it wouldn’t happen, right?

Here’s the deal- working a home-based business empowers you to tap into the magic of residential / royalty income. Now, technically, you can’t do the work “one time” and simply walk away from it forever… 

… if I did that with the book… and never promoted it again… the sales would dry up. So, though the hard work is done, I continue throwing gas on that fire each month.

You’ll want to do the same thing with your business. You’ll want to invest time on the front end to “write the book” (or “build the fire”). Then, you’ll want to continue stoking that fire, consistently, to keep it burning bright… 

A lot of people- let’s be honest- don’t get that. They don’t want to do the work it takes to build the fire on the front end. The truth is that in a home-based business (or ANY residual income opportunity) you have to work MORE on the front end than what you’re getting paid for

When I wrote the book, I consistently put words on paper for four months WITHOUT a check. No bad, though, to continue getting paid OVER FOUR YEARS later… with no end in sight. 

Why people "turn it down"

Anyway, a lot of people quit in the early days when they’re pursuing a residual opportunity for two reasons… 

First, they’re not getting paid “what they’re worth” in the beginning. 

(I posted about this in the "How long should I work?" post here: https://www.overflowbusiness.com/blog/minvid7 

And…

Second, they don’t understand the power of residential income. 

You see, the reality is that in the beginning you’ll get paid less than what you could make “by the hour.” The tendency might be to pack your bags and go back to the typical way of trading hours for dollars. It’s more lucrative in the beginning. 

However, if you’ll stick with it, the “hours to income” ratio flips. In time, you find yourself getting paid FOR MORE “per hour” than you can possibly imagine. 

Why? Because every time somebody makes a purchase, you get paid. 

When you’re on… you get paid.

When you’re off… you get paid.

When you’re on vacation… you get paid.

When someone on your team performs… you get paid. 

That’s the power of residual income.