3 Ways To Create Residual Income
How do you create residual Income?What Is Residual Income, residual income is a recurring income produced by work that you do one time and it continues to be a source of producing income for long after the original work is completed. Usually only requiring a minimal amount of maintenance work to keep the money flow alive. This is the ideal cash producing system that you need to create for your business.There are many ways to create residual income, we will look at three for this example.1. when you are researching for affiliate products to promote, check to see which ones are charging a monthly fee. they will have a recurring income listed. if you use these for your promotions you will receive a commission each month for every person you get to sign up and that will continue for as long as that person stays signed up to the program.If the affiliate product pays you $20 for each signup and you get 100 to join you have a residual income of $2000 for as long as you keep 100 people on your account. You see you work once to get someone to signup and you get paid over and over for that work.2. Build sites promoting resell rights products, here you work once and build your site, set up your auto responder, build a list and then put your traffic plan into action. It’s like perpetual motion almost, you work once and get all the hard work completed and set up. All that has to be done now is keep your traffic flowing and you have an income over and over from your initial work.3. Create a report or eBook with a special and irresistible offer link in it. Put other affiliate links in it and allow those links to be changed by others. Then give your report or eBook away and watch it spread from person to person over and over. These people make money from the affiliate links they could change from the next person and you get paid from all their efforts combined from the people who purchase your special offer.Get lots of these out on the web and you will create residual income coming to you over and over from work you do one time and get paid again and again.
