Build Recurring Income

Creating an ongoing income after you stop working is what makes residual income so great. This is something anyone willing to work can now do. There are a few ways you can do this.

1. Network marketing. This is a business model where you get paid for moving products from the mlm company into your own downline.

Products can be moved on both the wholesale and retail level. As you build a downline of hundreds, or even thousands of distributors, the dollar volume increases.

So does your income.

Network marketing compensation plans pay a percentage on various levels of depth in your organization. They also offer bonuses that you can earn as you progress up the ladder with the company.

Eventually your oncome can sustain itself or even grow without you working anymore. This is known as a walk away income or residual income.

With online ordering it is possible to create a residual income selling products at the retail level as well. Auto ship makes this a very hands off way to make money every month when a persons order renews.

There are many examples of people earning hundreds or even thousands of dollars on the Internet this way. The nice thing is you do not have to handle the money or products.

The mlm company collects from the customer and ships the products too. Some companies pay weekly on retail sales so you get your commissions very fast which is great.

2. Create a virutal real estate empire of websites or blogs. We are talking about hundreds of websites here. The more the better.

Do the math. If one website earns $10 a month you make $10. If you have 100 websites earning $10 a month you would earn $10,000.

This is how people get rich. They create a system for marketing multiple websites online and then they kick back and enjoy the income that comes in. You really can make a very large residual income using the Internet this way.

You can even create portal sites and turn them into authority websites. Then moneitze them with affiliate products. Mix in pay per click, leads, and sales products to really create a long term income in various ways. Doing this allows you to create multiple streams of income and if one stream goes down you are still making money in the others.

In summary these are 2 proven ways to make a residual income. Network marketing lets you work with people. Creating a virtual real estate empire allows you to sit back and get paid every month.

Donna Cox is the owner of TopInternetQuestion.com where she answers the question of how to succeed with a legitimate home businsess. If you find researching home businesses hard to do please visit it today. http://www.topinternetquestion.com

In 2006 the top 2% paid 60% of all income taxes but earned only 30% of the income.

Shouldn't we lower their tax rate to make it more fair?

I am going to be receiving ongoing income from my grandfathers estate. I have been told that it is taxable because it is classified as income not an inheritance since it is income earned by the estate since his death. I an trying to get an idea of what tax rate I should expect to pay. I do not know yet exactly how much I will be receiving.

My after tax income (including bonus and interest income) is approximately US$325K per month. I am a professional and my job is relatively steady (been with the same company for more than 5 years). What percentage of my after tax income should I be saving (either for retirement or a rainy day)? Obviously, it is better to save as much as possible. But I guess I want to know what percentage is a prudent guideline. Thanks