A lot of businesses are built around the premise of people passing something around. And sadly enough some businesses are toppled on the premise of people passing something around too. What people pass around the most when it comes to talking about a business is their experience with that business. If they had a pleasant experience most people wont hesitate to tell someone else and that goes double if they had a not so pleasant experience.
Most businesses grow through word of mouth and that repeat business allows them to make a residual income. Residual income is made when a customer or client comes back to do business at the establishment over and over again. counting on the residual income can mean the difference between staying open and closing down for a lot of businesses.
Take a minute to think about your consumer value. Lets say you enjoy a certain food establishment and you frequent it about once a week, or month, or even once a year.
When that restaurant looks at you they see someone that is very valuable because even if you only came once a year that would still add up to money for the restaurant year after year.
This establishment sees you as a residual income source because you keep coming back and spending your money with them, regardless of how infrequently you do it.
Once you are able to harness the power of giving away a cold along with giving your customers good experiences, you will be able to start and grow a great residual income business. - 23687
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