What Residual Income REALLY Is And How You Can Create It As An Affiliate Marketer
By Liz Tomey
Business opportunities are found all around the Internet and even in the offline world. Everyone is telling you that you can make money this way and that way, but the real truth is that it’s very hard to make a living from having your own home business buying or selling business opportunities.
Don’t let that discourage you from having your own business though. There are several ways to make money with an online business without getting caught up in all the business opportunities.
For several years I bought into several business opportunities, and made some money, but lost a lot more than I made. I was determined to make money by having my own business. I also wanted my business to completely be run from the Internet. The regular brick and mortar stores off the offline store didn’t fit my startup budget, and they overhead of inventory that comes along with a regular offline business way exceeded my budget. The truth is, I didn’t have much of a budget when I first started my online business.
When I started looking for inexpensive ways to make money, I hit on the subject of residual income. I found that I could promote products and services, and be paid from each sale over and over again without having to make any other sales.
For instance, I first started promoting a web hosting company. I was designing web pages at the time so when I would get a web design client I would refer them to the web hosting company I was promoting and I got a percentage each month of the customer’s monthly hosting bill.
At the time, the hosting company I was promoting was charging $30 a month for hosting. So, each month I got 30% ($9) for each person that signed up for hosting with the hosting company I was promoting. Within six months, I had signed up 80 people for hosting services with this company and was making $720 promoting only this one hosting service each month.
$720 a month isn’t going to get you rich, but it paid my car payment and my wife’s car payment each month! Think what you could do with extra money each month by just having one product or service that you promote. It took me only 6 months to start making $720 a month, and in another 6 months, I had signed up 63 more people for hosting services with this hosting company I was promoting. I was making $1,287 a month within a year.
The great thing about residual income programs is that you can make one sale to someone, and can be paid ongoing payments from that one person. Multiply that by selling to others one time, and you will have a nice stream of residual income just like I did by promoting one time.
Isn’t that better than trying to promote a product or service you only get a one-time payment for? Of course it is because you don’t have to do as much work.
Having an online business is all about how you can make the most money on autopilot. You could even keep your regular job and use promoting residual income programs as a part time job. I’ve even known people who have built their own residual income streams up so well that they were able to quit their regular job and live nicely off their residual income streams. They didn’t even have to spend more time on their residual income streams because they already had their residual income streams built.
As you can see, if you really want to make money online, investing time into finding a residual income program to promote is the way to go. Forget all the tricks and tips you’ve heard or read, just do what works!
Liz Tomey runs an affiliate marketing website that focuses on educating people about the different ways of making money through affiliate marketing.You can enjoy reading tips, tricks, and other information about affiliate marketing and finding the best affiliate marketing program on her site at http://www.TheAffiliateMarketingBlog.com.
Article Source: http://EzineArticles.com/?expert=Liz_Tomey
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