Residual income is also called recurring income, royalty income, mailbox money, automated money or a host of other terms. Essentially it refers to receiving ongoing payment for work previously done.

Example: If you write a jingle that every company wants to use in their car commercials (you know the ones with the trendy looking 20-something year olds), you can receive a royalty check every time your song is played. That’s one example.

Example: Place $600,000 into an account that yields 10% annually. This produces a residual income of $60,000 per year which is $5000 in your pocket every month. This recurring income is an example of your money working for you. The trouble is many don’t have $600,000 to invest and even then, good luck finding 10% yield accounts.

Example: Purchase an ATM and place it in a store. You keep the ATM fees that are charged when a person withdraws money using your machine. As these fees pay off the initial machine, you use the profits to then buy a second ATM and put that into a second store. Repeat this until you have a fleet of ATMs in a variety of stores across town. And anytime a customer withdraws money from their account and is dinged $2.50 for the transaction, you take that as residual earnings for hundreds or thousands of such transactions across your network of ATMs. Those earnings come in even as you install the pond in your backyard that you bought from me (through one of my marketing campaigns) for $1000 last month.

Example: Over the years, you end up owning 5 houses free and clear. All of them have tenants. And each one rents for $1000 per month. That $5000 per month is residual income you receive for the work you initially did (which was whatever steps you took to allow you to own the 5 houses in the first place, as well as the work you did in locating the tenants).

Example: Or, of course, if you build a network marketing organization (of customers and distributors), you earn commissions (based on the compensation plan used by that company) every time a customer buys a product or a distributor sells product (or their marketing systems sell products for them).

Example: If you build an online marketing system (or partner into one that’s established) and it effectively converts webpage visitors into customers, you earn every time your marketing results in products sold… even though you’re out on the lake trying to learn your new hobby, kite boarding.

This new course talks specifically on using the Google Adwords system to build an automated income stream. As stated on the company's webpage:

"Revealed, the simple steps to quit your job, and make $300 per day from Adwords..."