Residual Income PLR

Residual Income is another term for “recurring” income.  Basically there are three types of income streams that you may have coming into your business.  If you do a one-time job, sale or perform a contract, you get paid once and the income stops there.  If you do a normal 9 to 5 job, you will continue to get paid as long you continue to work for your employer—often called a linear income.  This is the type of income that the majority of workers “enjoy.”  Even if you are a neurosurgeon, lawyer or engineer, you are only paid as long as you continue working.  You stop working and the bank account dwindles.