A Successful Residual Income Opportunity Requires Patience

Copyright © 3/11/2008 Jim Suzak

The are a staggering amount of people trying to earn residual income on the Internet. Why are so many people failing at that seemingly unattainable goal to earn residual income that they can retire on?

The main and number one reason most people fail to earn residual income is because they don't have the patience to build a residual income. Residual income builds up over a period of time and is not a one time lump sum payment. It takes time to aquire memberships or customers who will order a product or service on a monthly basis. Only then you will be able to earn residual income. This is accomplished through list building ie; article writing, blogging and others.

A few years ago, a very famous network marketing guru sent out a snail mail on his latest offering. In the letter he described how he sent out 1000 letters and signed up 400 people in his Online Network Marketing Opportunity. He said this proves how "hot" this company was and you better sign up quick if you wanted to get "spillover" and earn residual income.

What he failed to mention is that the 1000 people he mailed his offer to were former seminar attendees of his own making. These people paid money already to hear Mr. Guru speak about how easy it was to earn residual income using his tried and proven methods. Of course most of these people signed up with Mr Guru because they had a prior relationship and he was the expert.

Most of us don't have this advantage when we first start out trying to earn residual income. But that is ok, just remember it will take some time to to match what Mr Guru has accomplished.

Most people will succeed if they just don't quit. Make sure that you join a reputable business opoportunity. If possible the company you associate with should be at least 5 years old. As I am sure you know, most companies fail in the first 5 years. It becomes very difficult to earn residual income when the company you represent goes out of business and is no longer paying it's distributors.

And don't fall for the latest "Launch" hype that is so prevalent on the Internet. Don't sign up for every opportunity that comes up in front of you. You must stay focused in order to earn residual income. Remember the time factor we discussed earlier. Keep focused on your goal of obtaining a residual income one which you can retire on!