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
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
The Truth About Becoming An Affiliate Marketer
By Liz Tomey
Once you’ve gone through all your options to make money online, and then made the decision to become an affiliate marketer there’s one more thing you must do. That’s to test yourself to see if you have what it takes. You may think it’s going to be super easy, and that the checks will come rolling in. You may think all of this because as an affiliate marketer, there are no bosses to order you around. You may think there are no deadlines to meet and not much work to do. That’s all mainly true, and all you basically need are the right tools, and the right mindset.
Getting the right tools is the easy part, but the right mindset sometimes can be the hard part. There are a few things you must realize before getting into the affiliate marketing business. Once you can say yes to these few things, it’s time to grab your tools and get to work!
First, you must be willing to learn and try new things. Affiliate marketing is an ever changing business, so you have to constantly be educating yourself on different techniques and strategies to keep yourself making money. You can do this by reading affiliate marketing blogs and newsletter from other successful affiliate marketers. You can also continue educating yourself by buying information products that educate you on affiliate marketing. However you do it though, you need to know that affiliate marketing requires an on going education.
Another thing you must realize is the fact that making money with affiliate marketing does take time and effort. You can’t just pick a product, throw it out there, and expect the money to start coming in. It does take time to learn all the ins and outs, and also a lot of effort on your part. If you come into affiliate marketing with the mindset that you’ll be able to work 2-3 hours per week and make a good living, you need to find something else to do because you’ll never be successful with affiliate marketing.
Probably the most important thing you need to remember when deciding to become an affiliate marketer is self determination. As I said above, it does take time and effort to learn, and if you don’t have a “never give up” attitude and the willingness to push yourself even when things aren’t going your way, you will not be successful. You’ve got to push yourself to do better, come up with more ideas, and make more money!
Becoming an affiliate marketer means you’re not working for anyone but yourself. Yes, you are promoting other people’s products and/or services, but you’re still working for yourself. You must have self discipline when it comes to working for yourself. I know many times during the warm months I have a hard time sitting down at my desk to work. I’d much rather be vacationing or outside enjoying the weather, but because I have self discipline I am able to focus and keep working. This may be the hardest part of affiliate marketing, but it’s very important. If you can’t make yourself focus on what you’re supposed to be doing, you’ll never get anything done.
All of things things are just part of what it takes to become a successful affiliate marketer. There are a ton of resources online teaching about affiliate marketing, but they never cover the mindset part of it. All of these things are just as important as the tools you use and the strategies and techniques that you put into place with your business. Without the right mindset, nothing else will fall into place, and you’ll find yourself unsuccessful as an affiliate marketer.
So, before going any further in your affiliate marketing career, make sure to read this article one more time. It could save you a lot of stress and heartache on your journey to being a successful affiliate marketer.
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
-
MMEzine
Subscribe to the MMEzine today and you will be able to submit your ad to our Classifieds page every week at no cost!
Your details will never be shared with a 3rd party.