Passive Recurring Profits

Financial experts often recommend creating multiple streams of income in order to create long-term wealth and short-term financial security. Particularly at a time when millions upon millions of people are losing their jobs, the thought of creating a dependable stream of income -- or multiple streams of dependable income -- makes perfect sense. On top of that, it is also a well-known fact that the most secure form of employment is self-employment. If you work for another company, regardless of your tenure, and regardless of your seniority, continued employment is always an issue.

One way to surmount this problem is to launch a home-based business where you become your own boss. Many entrepreneurs are finding tremendous success running these businesses from the comfort of their own home marketing products and services online. Because self-employment is the only true form of employment security, the home-based business represents a logical and very effective hedge against the global economic tsunami.

With the proper home-based business in place, you can create a stream of passive and recurring profits that fill your bank account and enable you to create and preserve long-term wealth. Passive recurring profits are income streams that do not require the direct exertion of any labor or effort on your part. For example a doctor, lawyer, accountant, engineer, and any other professional who bills for time trades hours for dollars. In a passive stream of recurring income, no such time trade is required.

The key to establishing passive recurring streams of profits is to find an opportunity that is designed to produce them. There are many opportunities available to the prospective entrepreneur that one can find simply by researching online. The problem is that many of these alleged businesses are in fact scams or frauds. By finding a legitimate, tried, and proven business opportunity that has a demonstrated track record of earnings, the prospective Internet entrepreneur can dramatically increase their probabilities of success.

The key is to be marketing a product or service that does not require direct intervention on a day-to-day basis. Although Internet entrepreneurs are quite busy marketing and promoting their enterprise, their income is not necessarily tied directly to the hours that they spend doing these tasks. Many Internet entrepreneurs are able to work well under 40 hours per week and still earn multiple six-figure incomes from the comfort of their own homes. This is the kind of passive recurring profitability that every home based entrepreneur seeks.


David_Allinson

Enter your email address:

FeedBurner

Related Post :