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Monday, October 27, 2008

How To Make More And Work Less With A Residual Income Opportunity

By Gen Wright

The internet is the land of opportunities for entrepreneurs to start over. Nobody dreams of working 60 or 70 hours a week just to make enough to get by. With a residual income opportunity you can start making more while working less.

If you want to be able to take time off whenever you choose to and not fall behind with work, this is the ultimate opportunity. It is the initial work that can be a bit strenuous, but you will be rewarded greatly following these efforts. Also referred to as passive income, residual income is money made that does not require your direct involvement.

You are probably familiar with a few different kinds of opportunities that allow you to make residual income. Some of your options include owning rental property or having royalties on an invention or some kind of creative work. Network marketing presents you with the ability to make a great deal of residual income several different ways.

The most common method internet marketers make this type of income online is by creating an e-book. The thought of having to write a book does not appeal to many. People assume it has to be some 100 page book that goes into extreme details. However, you can get away with a 20 to 30 page book as well.

You want your e-book to act as an instructional manual of some sort. If you write a proficient e-book, you can profit from it the rest of your life. While it does take time to write the book, you have to do no work after it has been written. You can sit back and collect your earnings.

The other popular residual income opportunity online is selling software. There is a dire need for software with most businesses online to stay with or ahead of the competition. You do not necessarily have to create the software. All you have to do is promote it and make money off of it.

While no one wants to work 60 hours a week, most people do not desire to work their entire lives. By jumping into a residual income opportunity, you can set yourself up nicely for retirement. And with the economy the way it is now, it is nice to think positively about the future. It does not matter if you have had a business for a while or are just starting out. The time is now for you to find your opportunity to make residual income.

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Want to make money online now? Sign up for our FREE Internet Business Training Program and learn more about a residual income opportunity to help you become a successful work at home professional! David Ogden is an online marketer who specializes in website resources and advice.