The answer to that is “RESIDUAL INCOME”!

What does residual income mean? Recurring payments that you receive long after the initial sale is made, usually in specific amounts and at regular intervals.

If you have a residual income business, you don’t have to worry about the above. Even If you are – God forbid – sick for an extended period of time, or if you decide to take an overseas vacation for a month or so, you will still be eating the fruits of your labor. You see, you worked for one week, one month or one year, and you can reap the benefit from this work years later.

You can benefit from a residual income business even if you plan on working three hundred sixty five days a year. In a non residual income business you only earn money for the time you put in or the product you sell. However, with a residual income business you may put in time and resources now and you will still reap the benefits years later.

Let’s say for instance, you’re an insurance broker and you get a commission of the premium. When you convince the customer to buy the policy, you instantly earn money for the work you put in. From then on you will earn commission every time that customer pays the recurring premium fee. The same is with every residual income business; be it real estate, internet marketing business, MLM business etc.

If you are a regular salesman who sells home products, or if you own a store that sells electronics, you only earn money when you actually sell a product. If you are a paid employee then you only get paid for the hours that you actually invest. If you decide to take a vacation you will lose your source of income for the time being.

This is why I would suggest that before you go into a new business, you consider the above information about residual income business. Consider if you want to be tied down to your work all the time or you want to be able to take time off when needed while still earning residual income from all the work you put in. Consider if you want to be the one who dictates when and how long you work and when you may spend time with your family. Consider if you want to be able to go on vacation for some time during the year and still earn money.

If you feel the same about residual income business as I do, you should definitely look into it. You can find lots of information about residual income businesses online, especially about internet marketing and MLM businesses.