Residual income is income that is continuously generated after the initial effort has been done. You may hear it also called passive or recurring income. The best part about this type of income is that you continue to make money after putting in the effort, unlike most types of income in the business world. A majority of the income that people focus on today is linear income, wage, commission or salary.
You may have heard residual income referred to as passive or recurring income. Making use of this type of income opportunities is a way of working smarter. That is because instead of having proceeds from a one-time sale, you earn income continuously from the intial effort of the sale.
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