Residual Income or Just Self Employed

 

A true source of residual income refers to earnings that continue to generate for a person even after they have completed the initial work or effort. This income typically requires minimal ongoing involvement from the individual. On the other hand, self-employment involves actively working for oneself and earning income directly from one's own efforts on a regular basis.

The main difference between the two is that residual income continues to be generated even if an individual stops actively working, while self-employment income relies on ongoing effort and time investment to maintain earnings.

Some of the best sources of residual income include:

1. Rental properties: Owning rental properties allows you to earn regular rental income, which can continue even when you're not actively involved in managing the property.

2. Dividend stocks: Investing in stocks that pay dividends grants you a share of profits from the company, providing a consistent stream of income.

3. Royalties: Receiving royalties from intellectual property, such as books, music, or patents, can generate ongoing income.

4. Affiliate marketing: Earning commissions by promoting other companies' products or services through your website or social media can create passive income.

5. Online courses or e-books: Creating and selling educational materials online can provide ongoing income as long as there is demand for the content.

However, it's important to be cautious of traps that can be labor or time intensive and may not yield significant returns or residual income in the long run. Some examples of such traps include:

1. Multi-Level Marketing (MLM) programs: While these can promise passive income, they often require significant upfront investments and ongoing effort to recruit new members.

2. Certain direct sales opportunities: Some direct sales companies may require continuous sales efforts and recruiting, making it difficult to achieve true residual income.

3. High-maintenance business ventures: Businesses requiring constant attention and effort, such as restaurants or retail stores, can be time-consuming and may not generate true residual income.

4. Pyramid schemes: These illegal schemes focus on recruitment rather than real product sales, making it unsustainable and unreliable for generating residual income.

It's essential to carefully research and evaluate any opportunity before investing time and resources into it, ensuring that it aligns with your goals for residual income and does not unnecessarily consume your time and energy.

Strong Future International (SFI) is situated in a middle ground between two approaches. On one hand, some affiliates focus on selling products that are available at lower prices elsewhere. On the other hand, there is a tendency to solely focus on recruiting new members for the sake of increasing membership numbers. However, being an affiliate member of SFI offers numerous benefits compared to non-affiliate members. Executive Affiliates, in particular, contribute to the company's growth and are more likely to have long-term involvement. Activities such as purchasing products, participating in games and auctions, and helping build the SFI organization provide opportunities for residual income. Buying products from TripleClicks, an online marketplace, contributes to an individual's wealth. The Profit Sharing program allows affiliate members to gradually retire from work and investments. Reward tokens and Satoshi, similar to dividends, have a greater value than cash and contribute to the long-term wealth of active affiliates.

As an affiliate myself let me clarify my position and point of view as an Executive Affiliate:

Strong Future International (SFI) offers a unique space for affiliates with a distinct approach compared to other affiliates. While some affiliates may focus on selling products that are available at lower prices elsewhere, SFI presents an alternative path. Instead of solely concentrating on recruitment for the sake of boosting membership numbers, SFI emphasizes the benefits for affiliate members. When affiliates become Executive Affiliates, they actively contribute to the company's growth and are more likely to remain affiliated for an extended period. Engaging in activities such as purchasing products from TripleClicks, participating in games and auctions, and playing a part in building the SFI organization establish a foundation for residual income. These activities not only provide personal benefits but also contribute to the overall wealth of the affiliate. Through the Profit Sharing program, affiliate members can gradually retire from their work and investments. In addition, reward tokens and Satoshi, which are like dividends, hold greater value than cash and have a positive impact on the long-term wealth of active affiliates.

Research the other areas of residual income and I think you will find affiliate programs offer the least expensive, cost effective approach to building a residual retirement income for the average person anywhere in the world on line wherever the internet is available.