Generate Residual Income in Three Easy Steps
Residual income, also referred to as recurring income or passive income, is a kind of income which continues to be generated after initial efforts are put in to generate it. The best part of generating residual income is that once your money making machine is set in motion, you will continue earning money from your initial efforts while enjoying your time for other things.Why do you want to generate a residual income? By having a residual income, you will have the freedom to choose when and where you wish to work. It could be for your future retirement as well. How about more time to spend with your family? Vacations? Dream homes? Residual incomes will help you to achieve your dreams.Is there a way to generate residual income in just three easy steps? Yes, if only you leverage on the power of internet to generate such an income. Follow these 3 easy steps to create your online money making machine. You could start making money online and enjoy perpetual residual income 24/7.These 3 steps are the core components of a successful online business.Step 1-Source for a product to sell onlineYou may source for other people’s product by signing up for an affiliate program to earn commission. You may also consider buying a resale right. Alternatively, you may wish to produce your own product to sell online. You may create your own product based on your expertise, knowledge and passion. Share these with the world and monetize them. You could make money online while enjoying what you love to do. In any event, the product you are selling must be able to solve your customers’ problem. This is the key for a perpetual residual income.Step 2-Create a websiteYour website will act as an “online shop” or the platform for you to earn money online. Prior to creating a website, register for a domain name which plays the role as a “signboard” for your online business. Thereafter, host your website with a reliable web hosting company so that it could operate 24/7. Write a powerful “sales copy” which acts as your “salesman” to help you to sell online. In order for you to accept payment from your online customers, remember to register for a ClickBank or PayPal account. Now, your customer may make payment through your website. If you think it is too hassle for you to create your own website, you could even outsource this to a professional website designer.Step 3-Generate TrafficTraffic has been referred to as the “bloodstream” for an online business. This is the source of your residual income. There are numerous ways to generate traffics to your website.The popular ways are as follows:1. Article Marketing;2. Directories.3. Search Engine Optimisation;4. Press Release;5. Social Bookmarking;6. RSS and Pinging; and7. Advertising with Google AdWords.Now you know how to generate residual income in three easy steps. Follow the above three simple steps and start your online business. It could be a home based online business. By having an online home based business, you may enjoy the perpetual benefit of earning money online and start generating residual income from the comfort of your home. Start taking action now, it is just three simple steps to your financial freedom!
