A real home based business for professionals is becoming a must in today’s economy. Because you can be laid off at a moments notice it’s important that when looking for a real home based business that you consider a business that shows you a way to earn residual income.Consider This
If a real estate agent stops selling houses the money stops coming in.
If a doctor stops seeing patients the money stops coming in
If an accountant stops doing tax returns he’s out of business
If an auto mechanic stops repairing cars he no longer makes an income
Three Types of IncomeThere are basically 3 types of income to consider if you are looking for a business you can do from home.1-Up Front Income-This is where you perform a service, or make a sale and you get paid 1 time.2- Over Ride- An over ride occurs when for example you as a sales manager get paid on the sales your sales people make.3- Residual Income-This type of income occurs when you make a sale and you get paid over and over sometimes for life. An example would be an insurance agent sells a policy. The agent continues to get paid month after month, year after year. After selling policies for a number of years the agent could literally retire due to the recurring income he receives from all the policies he’s sold. If the agent gets sick, injured, etc he still gets paid.The Most Important Way To EarnA real home based business for professionals should include all 3 ways to earn income. A way to earn residual income is the most important as this allows you to retire at some point a still keep getting paid. This is one of the reasons many professional people are turning to professional network marketing.It’s also important that when looking for a real home based business that you find a company that’s been around for at least 20 years and that has people that have blazed the path before you. If you are serious in your search these are some of the things to consider before jumping into the home based business arena.