Are you looking out for ways to take your business to a next level after having had enough success online?
Or, are you new to it and still searching for the ultimate product? A residual income program may be something that will suit your requirement. What is residual income?
Let's get started with an offline business example: Say you're a car agent. You get a commission, right?
well, but to get another commission, you have to sell another car. It just sounds like any other job to me, doesn't it?
Now, that car you sold needs to have insurance, right? The insurance agent sells the same buyer insurance, but there is a catch here!.
The agent gets paid, too. But, the main difference is every time one more insurance payment is due, the insurance agent gets another payment check.
Doesn't this sound attractive? Make a sale today, get commissions forever! This is called as repetitive income. Knowing this, the insurance agent will make sure he will make another sale within the next couple of days, this will help him get more and more repetitive income, in the coming years.
Whereas the car salesman will have to sell one more car to get another check. sounds better to you? Before you rush out and become an insurance agent, let's see how you can apply this principle to market online.
Now, let's say you have a product that you're promoting. Let's say it sells at $50. Your marketing efforts cost you $25. That leaves $25 for you. Nice. Let's imagine that you have identify a product or a service that will fetch $50 residual income very month.
It costs you the same $25 to advertise and make one sale. By next year, the total income is More than $600, of which $575 is pure profit from one sale! All you have to do is go on making sales, and the profits would keep compounding.
If you become successful in getting one sale every day for 3 months continuously, your recurring income could be more than $3750! In just an years time, your residual income could become quite staggering-even even if you quit advertising.
Ok, now the important question is. Wheredo I find a residual income program for myself? Here are some options that you can choose from. Start your own. That includes:
* Start a sending out updates with latest information. Getting paid subscribers to a newsletter you write on your area of expertise is one.
* Web hosting is an option. Initially a web hosting business where you provide service on monthly fee would be another ultimate idea.
* Then, an affiliate program may be what you are looking for. This means you get a commission off of someone Else's existing product. You may even use their marketing materials. You just need to advertise the product and send visitors to their website with your affiliate ID. You will be securing the profit.
There are innumerable chances to be seen online. Take a little time, and find the one that's right for you.
There are dozens of services to post them to, and web publishers are constantly keeping an eye on new content that they can make use of. They publish them on their websites, and you get links to your site, that can help you attract targeted traffic. Now that you know how to go about it all you need to do is get going! Find the right one, and see yourself become the next Internet millionaire.
Or, are you new to it and still searching for the ultimate product? A residual income program may be something that will suit your requirement. What is residual income?
Let's get started with an offline business example: Say you're a car agent. You get a commission, right?
well, but to get another commission, you have to sell another car. It just sounds like any other job to me, doesn't it?
Now, that car you sold needs to have insurance, right? The insurance agent sells the same buyer insurance, but there is a catch here!.
The agent gets paid, too. But, the main difference is every time one more insurance payment is due, the insurance agent gets another payment check.
Doesn't this sound attractive? Make a sale today, get commissions forever! This is called as repetitive income. Knowing this, the insurance agent will make sure he will make another sale within the next couple of days, this will help him get more and more repetitive income, in the coming years.
Whereas the car salesman will have to sell one more car to get another check. sounds better to you? Before you rush out and become an insurance agent, let's see how you can apply this principle to market online.
Now, let's say you have a product that you're promoting. Let's say it sells at $50. Your marketing efforts cost you $25. That leaves $25 for you. Nice. Let's imagine that you have identify a product or a service that will fetch $50 residual income very month.
It costs you the same $25 to advertise and make one sale. By next year, the total income is More than $600, of which $575 is pure profit from one sale! All you have to do is go on making sales, and the profits would keep compounding.
If you become successful in getting one sale every day for 3 months continuously, your recurring income could be more than $3750! In just an years time, your residual income could become quite staggering-even even if you quit advertising.
Ok, now the important question is. Wheredo I find a residual income program for myself? Here are some options that you can choose from. Start your own. That includes:
* Start a sending out updates with latest information. Getting paid subscribers to a newsletter you write on your area of expertise is one.
* Web hosting is an option. Initially a web hosting business where you provide service on monthly fee would be another ultimate idea.
* Then, an affiliate program may be what you are looking for. This means you get a commission off of someone Else's existing product. You may even use their marketing materials. You just need to advertise the product and send visitors to their website with your affiliate ID. You will be securing the profit.
There are innumerable chances to be seen online. Take a little time, and find the one that's right for you.
There are dozens of services to post them to, and web publishers are constantly keeping an eye on new content that they can make use of. They publish them on their websites, and you get links to your site, that can help you attract targeted traffic. Now that you know how to go about it all you need to do is get going! Find the right one, and see yourself become the next Internet millionaire.
About the Author:
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