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Residual income is a dream-come-true for many. Before you learn any more about this excellent way of generating wealth, you need to understand what this is. Residual income is that income which is the result of some completed work. Only after the completion of a certain task, you can expect a residual income. For example, you join an affiliate program.

You cannot expect to draw a residual income unless you have optimized your website in such a manner that it generates maximum traffic. Once you have established this task, you can lay back and enjoy the commission you earn through the sales generated by your traffic. However, until then, you need to put in many hours of hard work and effort.

The beauty of residual income is that unlike a 9 to 5 job, you need not work and work for generating wealth. Not only that, but also you can increase the wealth you generate exponentially without too much effort, once you have reached a certain level. For example, you work hard to set up a website whereby you can at last sell a huge number of products as an affiliate and thereby you earn an excellent residual income.

However, instead of resting on your laurels, you need to build multiple streams of income in similar lines to the website you have set up successfully. In this manner, you would be able to harness completely the power of the residual income to work for you. Very soon, instead on one highly successful website, you would have 10, 15 or hundreds of websites selling things for you and earning commission with the least effort from you.

How do you reach such a pinnacle? It is not easy. There is nowhere success comes easy. If you are looking for rags to riches stories, this is the right place to look. However, if you are looking at getting rich without work or effort, you are in the wrong corner. Make no mistake about this: it takes back breaking work to set up a successful, almost self-driven website, which would generate a perennial residual income for you.

This is however, what makes the deal so sweet. You have to learn the ropes to climb the ladder to the top and the journey is very rewarding. At every step you learn something new, you feel empowered, you feel in charge of your destiny and this is a great feeling.

Many look for the secret ingredient that spells success for some and failure for others. The secret that enables you to harness the power of residual income is nothing but perseverance. Keep this saying close to your heart when you start the journey of making your e-enterprise a success: "Winners never quit; while quitters never win".

Obstacles would be there whether you work online or offline. There are many avenues both in real and virtual world whereby you could earn residual income, such as investing in real estate, investing in bonds and stock market, writing a book, becoming an affiliate, blogging, and so on. Whatever you choose, keep at it with single minded determination and success will be yours.