What Determines If Something Truly Offers Passive Residual Income?

There is alot of information on and off the internet that attempts to explain exactly what the definition of passive  residual income (PRI) truly is.. In my opinion the term simply means: “A way of receiving income on a continuous bases with little to no effort from you on a continuous basis.” Most true opportunities to receive this type of income will require you to set them up and perhaps participate in a daily, weekly or monthly task but do not require you to sell anything, talk to anyone etc.

The concept actually means different things to different people. People in the MLM Industry consider a program that they pour their blood sweat and tears into so that they can generate a monthly commission check their concept of PRI. Others would argue that the income can be considered PRI but the fact that there was effort expended to get to that level voids the MLM option as a way for them to create PRI because they do not want to invest the time necessary to create the ongoing cash flow. As an individual you will need to determine what you are willing to do and what you are not to create PRI.remember there is generally some effort required up front.

The key to remember is that GENERALLY there is no free lunch. There are ways of creating PRI with very little effort but you will generally have to do a few things to put them in place. It could be as little as  signing up for a program and making a purchase or spending a few minutes per day doing a specific task that does not require you to sell or to talk to anyone. Expect to do something to initiate multiple passive residual income streams but you can restrict your participation to only those vehicles that meet your comfortability.

Forex Income Now! A Unique Concept That Failed! What To Do Now?

forex income now

forex income now DOUBLE the passive income

Forex Income Now had a plan that created a hybrid between a traditional managed forex trading account, an automated forex robot and a forex signal service.

In addition to the hands free forex income potential the program they paid members an additional  income stream through a referral rewards program that paid members through a 5 x 5 forced matrix compensation plan with no sponsoring requirement to get paid.

Most matrixes tend to stall at some point so the theory was that members could create additional income through forex profits through the trading portion of the program. The only problem was that the trading profits they were supposed to generate were dismal to none.

Once a person became a member of the program they got to choose between 5 forex brokers to open and fund their accounts. The unique thing was that the company did not charge any performance fees on the profits they generated for members unlike managed forex trading accounts. Most managed forex trading accounts charge a performance fee of 20-30% of the forex profits generated. . Continue reading Forex Income Now! A Unique Concept That Failed! What To Do Now? →

How ACTION Relates To Multipe Income Streams

You have been lied to! There area a host of promoters that would love you to believe that creating PRI is as simple as flipping a switch and the cash flow starts rolling in. Nothing could be further from the truth! To truly create PRI you need to understand that you will need to take some action to get your cash flow to start rolling in and in many cases may have to monitor or do some things continually to keep the cash coming in. There are three specific categories you should be aware of in considering PRI.

1) Set up DN (Do nothing else to create residual income)

2) Set up DSD ( Do Something Daily to keep the cash flow coming in)

3) Set up DSM (Do Something Monthly to keep the cash flow coming in)

We will use these categories to classify programs and ventures in our newsletter and in future posts to this site.   There you have it, a full understanding of the 3 different categories of passive programs we will be discussing and 3 examples of each. More detailed information about program specifics, why we chose them etc. is available in our newsletter.

How To Create Multiple Income Streams Quickly

Creating multiple streams of income sounds like a simple concept but many people either approach the concept in the wrong manner, participate in the wrong types of ventures or flat out don’t know where to begin. In this post I will outline what I feel are the winning ingredients towards creating multiple streams of income and some of the components of my own Passive Income Portfolio.

The terms multiple streams of income and passive residual income are synonymous to me because the bulk of the income streams I choose to participate in must have a passive element to them that requires little to no effort on my part. This, in my opinion is one of the crucial keys to developing multiple income streams. Continue reading How To Create Multiple Income Streams Quickly →

Passive Penny Auction Profits No Sponsoring Or Recruiting

A new concept has emerged from Europe in the auction scene. It is called a Penny Auction.  There are over 200 Penny Auctions in the marketplace but only one of them is allowing consumers to share in the profits they are generating daily without recruiting or sponsoring.
What you are about to discover is far superior to any conventional mlm business opportunity

The company behind the auction has been in the same location for 14 years and at one time managed one of the fastest growing business opportunities online. For a year as of this writing March 26, 2011 they ran a Penny Auction that allows consumers the ability of purchasing  new name brand products at 90-99% off through their auction. Continue reading Passive Penny Auction Profits No Sponsoring Or Recruiting →