Turning Investment Into Residual Income
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah

There are many ways to build residual income. Passive residual income is the type earned from investments, which keep turning a profit and allow you financial freedom. There is not a great investment of time or energy to gain passive profits. A passive income is easy to obtain once you understand how to use the investment.

Passive income is the the result of a one-time investment of time or money or both. Some people say it’s impossible to get money for doing nothing, but that is not completely true. It is absolutely possible to invest in something one time and continue to earn from it. An example is television or the movies. Actors spend an initial amount of time preparing for and recording a show or shooting a movie and continue to get paid for it every time that program airs. The actual term for this payment is residuals. Another example of a method to generate passive income is a website.

A website can be set up to take orders, show products and even answer questions for prospects and customers. Optimizing a business website is a way to build passive residual income. Optimization involves adding content and formatting it so that it is search engine friendly. This can take a little time, but once everything is correctly in place the website begins to generate income. By simply optimizing your website, you can drive business to it and make sales. The only things remaining are the monitoring and tweaking of the site.

The use of an auto responder—an automated email system—is a way to optimize your site. It sends follow-ups to your prospects and customers, and when they have a question or concern, they can email you and get an immediate response. Auto responders are not difficult to set up, and once in place they save hours of time and energy. Your customers remain happy and they become repeat buyers, especially when you have specials and sales. A small investment of time can translate into major income. So one is not getting money for doing nothing. There is work to be done upfront, but once it’s done you just have to maintain your operation to keep it going, and that requires far less time than initially invested.

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