If you work only once and get paid many times over, you're earning a "residual" income. Of course you would and should choose the latter.

Therefore in order to build wealth, you need to tap into "residual" income.

Very often this is also referred to as "passive" income because you could afford to be passive or non-active (i.e. not having to work) and still continue to receive income.

Many of us have been brought up to have only one major objective in life - that is to get a good job for life! We work hard in schools so that we could get good grades to advance to colleges and universities where we work even harder so that you could get a good and secured "job". And this quest is never ending leading many to fall into the trap of "rat race" despite the fact that many could be drawing quite a handsome salary!

However many of these so-called "rich" employees are not "free' to spend badly needed valuable time with members of their families because of their very demanding jobs. Even medical doctors could not really relax and enjoy a long vacation for fear of the loss of income or patients while their clinics remain closed.

With the huge and expanding audience (600 millions, at least), many companies have now aligned themselves with the Internet which has created many new paradigms in the past few years. Residual Incomes are made available to people from all walks of life. You can now make money online with simple and proven formula used by many to earn multiple streams of residual income.

Many programs have been designed for new Internet marketers who have no time or interest to learn HTML, Java, PHP and ASP. With a simple Control Panel, they are only a few clicks away from having a complete and professional website to start your online Internet home-based business! There is absolutely no worry about computer programming, webpage design and product creation! Affiliate programs make life so much easier now.

This includes credit card authorization, order fulfilment, product shipping, and customer service. Also, there is no worry about inventory. There is no staff to hire and pay, no merchant accounts to set up, and no costly and time-consuming application process for licenses and permits to go through.

Sometimes a fully functional website could be created free of charge. It captures visitors automatically and follows up with them 24 hours a day and 30 days per month for 365 days a year! The visitors' names and email addresses are automatically recorded and follow-up automatically with a pre-written email marketing campaign. The following is a general guide one can follow in order to develop good habits for achieving one's goals:

1) Create A Plan

We should have a plan to set an achievable short term, medium term and long term objectives, prepare a budget and stick to them as far as possible. Carry out periodical checking to determine any deviations from the plan and take the necessary remedial actions.

2) Good Organisation Skill

We need to download a lot of software, ebooks or PDF books from specific individuals or organizations for your continued education along with a lot of contacts that could be our potential leads or customers. We therefore need to have a systematic procedure to keep all these vital information and data in the right and proper folders for efficient and ease of retrieving without waste of time.

3) Be Consistent

Do not fall into the trap of countless of seemingly very attractive offers promises that you would inevitable encounter. Stay consistent with a handful of strategies that work and stick with them.

4) Be Focused

Once you have decided to start working online, you must stay focused and do not allow any distraction to affect your concentration. Stick to a schedule but do not get carried away and spend too much time in front of your PC because your loved ones, including deserve your attention and time too.

5) Be Steadfast And Persevere

Failures and disappointment would be inevitable. Do persevere as this is not a get-rich-quick scheme. It takes time to see the fruit of you effort although it'd definitely come. Use any failures to your advantage by learning from them.

See success in every failure and opportunity in every threat. Passive income from Internet business is a real possibility!