There are different types of ways to create additional income streams. Some of the best income streams are those which do not require as much effort but generate a significant amount of earnings on a daily, weekly, monthly, and yearly level.
Residual Income for the High Rollers
Investing is one of the most popular techniques by which supplementary income can be generated but this does come with a higher risk. Markets can easily fluctuate these days and a significant payday can only be achieved with a relatively high investment, which can cause you a lack of sleep.
A Safer Bet with Networking
For those who are willing to take a risk like this and for those who can afford to shell out a large sum of money, the stock market may be a good consideration to make. For others who have limited savings that they can invest in a potential income stream, networking is the next best thing.
Networking involves the selling of products and services in member tiers. A company can have thousands of members in different parts of the world. They start at the bottom of the ladder. As more team members are recruited, and as more sales are made, you move up the ladder.
It is safer in more ways than one because you have control over what is bought, sold, and your stint in the company.
How Networking Generates Residual Income
Each member is required to invest money on an initial set of products to be sold. As these products are transferred to the buyers, the seller is contracted to purchase additional inventory items on a regular schedule. Aside from earning profits from what you sell, a portion of the revenues from the sales of one’s team members is also added to his portfolio. This is how one gets to experience a regular but passive payday with this endeavor.
As a member moves up the ladder, his profit percentage increases even if the amount of sales remains constant. This has proven to be one of the easiest methods of creating an extra source of income today. The best part about networking is that anyone can do it.
All that is needed is a drive for success, a good starting network of potential customers and co-sellers, and the ability to move products. This is an income-generating option that can be done on a full-time or part-time basis.
Visit my site to see how I generated a residual income as a network marketer.
My name is Oliver Smith, I am an entrepreneur and devote my time to my businesses, family and training. I am continually researching new investment opportunities as well as building a passive income through my businesses. I like to connect with like-minded people who are working on achieving a level of financial freedom in their life that most are not.