Getting paid…over and over…
Income that comes back regularly is called
residual income. This money that comes back
over and over is one of the most powerful
income streams to be found. Generally, you
get residual income from referring customers
to subscriptions or anything that they pay
for over and over.
Just like how
we only sign up for phone service once,
but they bill us every month. ‘They’
are earning money residually, every time
you pay.
I’ll
sum it up like this: Programs that
give you a percentage of a monthly or recurring
fee will enable you to send them the customer
once and then get paid over and over. This
is ideal. Residual income is a very nice
thing. It comes back over, and over and
you only have to sell once.
Most anyone can earn residual income with
affiliate programs; or at least anyone that
expects to spend
time, money and efforts on promotion
can. The more customers you refer per month,
the more money you earn per month.
It’s a beautiful thing, isn’t
it? I think the neatest part is that even
if you stop promoting the programs, the
residual income that you have already built
will continue to come back every month.
This will go on for a very long time, and
as long
as the customers that you initially referred
continue to pay, you will continue to earn.
The trick with any affiliate program is
to make sure
that you are selling to people that actually
need it. If someone doesn’t
need what you are trying to sell them, then
you may come across as a scammer or someone
that is just trying to make a buck. That’s
not what you want.
You want to
gain trusting, repeat customers and help
them find tools that will really improve
their lives or ‘fulfill their needs’.
If you refer someone to a residual program
that isn’t really going to
help them, you will be preventing yourself
from earning long term income from the sale,
because as soon as this person realizes
that he or she doesn’t need the service,
they'll quit paying for it.
You will quit getting your percentage of
their payment.
I’m sure you see
what I’m saying. =)
Now, read
about programs that aren't residual
or jump over and read
about promoting affiliate programs.
Topics Related to
Residual Income:
What
is an affiliate program? - The basics
about affiliate programs.
Getting
Paid - The basics about how affiliate
programs will pay you.
Conversion
Rate Basics - Learn about how to calculate
conversion rate for marketing.
Promoting
via Email - Market multiple products
and opportunities to your prospects
Internet
Marketing - Top information about marketing
and internet marketing,
Web
Site Promotion - Top quality information
about promoting and marketing.
Getting
a Site - Do you need a site? Find out
if a web site is right for you.
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