What IS Residual Income? And HOW Does It Work?

A residual income stream will be earning you money even when you’re not working “on the clock”. Owning a rental unit, collecting a royalty or investing in a savings and investment program are examples of this type of income, which is also called “passive income”.

 

What IS Residual Income?  And How Does It Work?

What if you were able to generate income while not working – trading HOURS for DOLLARS? This money is called residual, or recurring, income. This is the sort of thing that can happen after you put a lot of time, effort and sometimes money into an opportnity (or “business”) to continue to get paid for the work months or years after it’s done. (Jobs are considered to be linear income. This income is directly related to the number of hours you work. If you work 40 hours, you get paid for 40 hours of work.) Once you set up your business to earn residual income, you continue to make those dollars while doing other stuff – maybe even starting a new business to generate even more residual income!

Types of Residual Income

Some example sources include:

  • Royalties from intellectual property, such as books and patents
  • Subscriptions, advertisements, donations or affiliate links from your blog or website
  • Transferring the rights to a song you recorded, a book you wrote, a software program you created or a gadget you invented to a company agreeing to pay you a percentage of each copy of your work sold
  • Purchasing an office or apartment building and leasing or renting out the properties
  • A savings and investment program that earns interest
  • E-book sales
  • Stock photography royalties

The Money Just Keeps Rolling In?

The ideal residual income stream will produce money 24 hours a day, 7 days a week and you don’t have to personally market or interact with the business in any way. All you “need” to do is watch your bank account grow.

But that’s still kind of like a fairytale. You will have to put in some effort to continue receiving this residual income on the business you started. Working online makes it easy and scalable, so you might spend some time to figure out how to expand your biz. Marketing your online sales through social media and your network will help earn you much more money. But you just won’t have to work at it as your full time job or anything crazy like that. Think of it as a part time job that can potentially bring in full time pay.

Advantages to Residual Income

  • You do have the potential to be financially independent if your residual income produces enough money.
  • Having residual income allows you to do more important things with your time. Whether that’s a hobby or another job, making money from your residual income stream won’t be the primary focus of your life.
  • No matter what, you will have a constant flow of income (however large or small it may be). This is critical if you get injured or sick, can’t work because of another emergency, or if you just want to take an extended vacation.
  • You will make money no matter where you reside, unlike a linear income which ties you down to your position.

Of course, before the money starts rolling in you will probably have to put a lot of time, effort and money into the business or project. You’ll need a lot of patience and determination to see the residual income in the future. Instant gratification shouldn’t be expected when it comes to residual income.

Important GetMyAds Member News Info – Read Carefully, Inform Customers/Affiliates About Updates

Hello GetMyAds member,

today we have some important news for you and we would like to ask you to read this email very carefully and also inform your customers and affiliates about these recent updates.

1. Technical update this week

2. Premium Partner Program basic info

3. Content on the internet about GetMyAds

4. Credit Card Payments

1. Technical Update this and next week

We will have an important technical update in the background this and next week and it might cause small, temporary issues in the back office. There will be no data lost, even if you see numbers or information that are not accurate inside your dashboard. Please don´t contact our support. We will update the accurate details and numbers as fast as possible if the update has any affect on the numbers and information you see in your back office. In most cases you will not recognize the updates at all.

2. Premium Partner Program basic Infos

Together with the major update we are also testing a version of the Premium Partner Program in a Beta Version with a few leaders.

We are planning to give customers with 500 and 750 a limited access to the Premium Partner Program and an unlimited access for customers with more than 1000 active Tokens.

The Premium Partner Program will be more connected with direct campaigns in GetMyAds with a high probability of much better results. We don´t make any promises about the expected results but from our experience we are convinced that everyone will be amazed by the outcome. A Token will cost the same but to maximize the results, it will pay less Affiliate commissions then on a regular Token. All Details will follow within the next 4 weeks but we are excited that we can finally announce that the Premium Partner Program is in progress and will be ready soon.

3. Content related to Investments on the Internet

VERY IMPORTANT: Many Affiliates promote GetMyAds as an investment through Videos on Youtube, Websites, Blogs and on various Social Media platforms.

If you have any content that promises any percentage per day/month/year or calculators or anything that could make GetMyAds look like an Investment Program, you have to remove the respective content from the internet.

We are putting a team together of specialist researchers who will search for exactly this kind of content and any GetMyAds accounts that violate our rules has to calculate with consequences and in worst case with the suspension of the account.

Please review all your websites, videos, blogs and social media posts and remove anything that could make GetMyAds look like an investment! Content about Advertising, Affiliate Commissions, Business Opportunity, real Testimonials and Reports are abosolutely fine and welcome!

This is a serious matter! If we are not absolutely strict about it, our great business could get in trouble. We have to do everything to avoid that.

Keep in Mind: We are selling traffic and get paid as affiliates. Anything else you earn is a bonus and you can´t make any promises on this bonus.

4. Credit Card Payments

We are facing many Credit Card fraud transactions from Europe at the moment and our processing company raised the transaction fees due to that issue. We are trying to raise the security standards to avoid even higher fees but it will take some time to develop it.

If you use a Credit Card to buy token, there will be an extra service fee of 6% charged.

We strongly recommend to use the other payment options – they are all free of charge and without any fee. Wire Transfer, BitCoin and Payeer are working worldwide. Sofort-Payment works in most of the european countries – and they are all free of charge.

Have a great day

Your

GetMyAds Team