The number of people trying to earn residual income on the Internet is staggering. Why are so many people failing at that elusive goal to earn residual income with which they can retire on?

The number one reason most people fail to earn residual income is because they lack the patience to build a residual income. By its very definition, residual income comes in over a period of time and is not a lump sum payment. It takes time to develop memberships or customers who will order a product on a monthly basis before you can earn residual income.

Many years ago, a very famous network marketing guru sent me a snail mail on his latest offering. In the letter he described how he sent out 1000 letters and signed up 400 people in his Network Marketing Opportunity. He said this proves how “hot” this company was and you better sign up quick if you wanted to get “spillover” and earn residual income.

What he failed to mention is that the 1000 people he mailed his offer to were former seminar attendees of his own making. These people paid money already to hear Mr. Guru speak about how easy it was to earn residual income using his tried and proven methods. Of course most of these people signed up with Mr Guru……..they had a prior relationship and he was the expert.

Most of us don’t have this advantage when we first start out trying to earn residual income. That’s OK……but remember it will take some time to emulate Mr Guru.

Most people will succeed if they just don’t quit. Make sure that you join a reputable business opoportunity. If possible the company you associate with should be at least 5 years old. As I am sure you know, most companies fail in the first 5 years. It becomes very difficult to earn residual income when the company you represent goes out of business and is no longer paying it’s distributors. And don’t fall for the latest “Launch” hype that is so prevalent on the Internet. Don’t sign up for every opportunity that comes down the pike. You must stay focused in order to earn residual income. Remember the time factor we discussed earlier. Keep your eyes on the “Prize”, a residual income which you can retire on.

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