As a real quick refresher, residual income is where you get paid on an ongoing basis for work you have already done. As a matter of fact the right residual income program can even pay off in such a big way that you might be able to quit your full time job. In this article let's take a closer look at two important things that come into play here.

1. Beyond a shadow of a doubt the most important thing your residual income program must contain is a product that people need today and will need in the future. There is no sense of pinning your dreams of quitting your full time job on a product that sounds good today but could go out of style tomorrow.

Today there are many membership programs that offer excellent opportunities for residual income. There are also products that do the same thing such as domain names and website hosting.

Website hosting is a particularly interesting product to consider selling as a residual income program. Everybody needs to host their website somewhere, and this presents an opportunity for you to create residual income.

The nice thing about website hosting is as a website develops the odds of someone switching to a different hosting company diminish. It reaches a point where it's just too much work to switch over a mature website.

2. The other important thing that your residual income program must offer is commissions that allow you to create a full-time income. Again using website hosting as an example, there are companies that will pay you $5-$10 a month for every sale that you make. If you do the math on this you will see that you will need to sell somewhere between 500 to 1000 sales to create a $5,000 a month income.

This may sound like a lot, but when you consider there are billions of websites online today this is a very small number. It may take you a couple of years to achieve your goal, but you could quit your full time job and work for yourself just on the income you create selling website hosting.

In summary the right residual income program can you help you quit your job if it contains a product that people need today and in the future, and will pay you over and over for selling it one time. Residual income is a fantastic income opportunity that is worth pursuing if you would like to quit your full time job someday.