The 'residual Income Business' Minefield, And Where Not To Put Your Feet

Settling on what residual income business will be right for you is a time-consuming affair. Of course, we all drool at the lifestyles of people who enjoy fabulous passive income while they're sailing. However, the only way to receive large income with no effort is to invest large effort with no income.

Of course for most people, despite the potential rewards of a business offering residual income being very enticing, the 'glamour' wears off quickly when there are no tangible results early on. For some, this can be an insurmountable hurdle.

Remember the old story of the two guys who were offered a month's work and they had the choice of working for $10 a day, or earning 1 cent a day and doubling it every day? After a week the first guy had $70 and the second one only $1.27. How motivated was he? After 31 days, when he had about $10,000,000 to the other guy's $310, he probably felt better.

A residual income business is a little like that. If you need to see a livable income on day one, then you may have consigned yourself to being an employee for ever. But if you can put in the work, knowing that your efforts will be rewarded down the road, then you elevate yourself to the position of entrepreneur.

But if all business opportunities, especially those online, were of equal value and potential, where would be the fun in that? No, choosing the right business for your needs, such as your time availability, your computer skills or lack of, and your personal interests is part of the process. But here are a few things to avoid if you want your business to be a solver rather than a bringer of problems:

Multi-level marketing or MLM opportunities, of which there are well over 400, can offer fantastic time leverage. But see if you can find out what real track record of success it has. Is it all smoke and mirrors?

Do make sure the opportunity is at least part funded by retailing products or services to people outside the network. If this isn't in place then the 'business' is merely an illegal Pyramid or 'Ponzi' scheme, where all the money coming to the few is from the pockets of the many.

Find out what support your chosen residual income business is going to offer. The more personal help from approachable people with a genuine interest in helping you, plus the experience and expertise, the better.

Ideally look for a business where as much of the marketing and list-building functionality is in place. You don't have to reinvent the wheel these days, and a modern online residual income business should automate a lot of your work, so you can concentrate on driving traffic to your site.

Don't put up a replicated website that the company sends everyone. Google hates that and these pages are virtually never written by people who understand copywriting.

Your best bet may well be to look at a 'business-in-a-box' where several MLM opportunities are promoted together by a master online marketer, and all you need do is plug into his marketing system and drive traffic to it. In fact if you're looking at any MLM residual income business, you could incorporate that opportunity into this 'ready-to-go' model. The only downside to this is not being able to differentiate yourself. What if hundreds of others are using the exact same 'business in a box'?

So if you'd like a successful residual income business, then I really suggest you read up on what successful online marketers have achieved. Like they have before you, you can automate your marketing so you need only be in actual contact with people who are really serious-minded. Don't let the naysayers drain your enthusiasm. Why even talk to them if your residual income business marketing system is filtering them all out for you?