What is the need for residual income?

Residual income is the payment, which you get during your normal salary, when you sell a single good. The rate of recurrence of residual payments varies, as the sales will decide your income here. There are several places where you can get residual income- like telephone and line rental calls. Other areas of potential residual income are mobile sales, gas and electrical supply business, monthly rental and auto rental services, web hosting, software sales and property rentals. You can choose whichever field appeals to you most.

One major area to get residual income is a business of disposable consumer goods. Some people who set up their own small-scale businesses, they also look for other ways to gain more income and residual income is a great way to do so. It is actually better than having a regular salary. The thrill of the extra income also gives you a drive to work more.


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