Monday, December 29, 2008

Choose a Residual Income Source Today

Choose a Residual Income Source Today
Copyright © Dominic Boykin
http://www.StayHomeBusiness.org

You want to run your own home-based business. You're not sure if it will become a full-time thing or just be a part-time venture. That's not your concern right now. You know you are going to do something. The question is what will you do? The answer for you may be to choose a residual income source.

Residual income also goes by the name passive income or recurring income. Residual income is income that you continue to earn after you perform initial activities. Those initial activities spurred that income in the first place. You only performed those activities once but are still earning income from them. Sounds like a good deal, right? It is, if you choose the right residual income source.

Think of all the websites you visit online in a month. There's a myriad of sites promoting products and services. Many information sites have ads to the right and left of content you read. You may click on them occasionally. What happens when you do? You link to a site where the products advertised in the ad reside. You can then shop for them on that particular site.

Did you ever give thought to how the whole process works? Many of those ads received placing by individuals who joined up with a residual income source. Many are Internet marketers who operate a home-based business. They place ads on their own website or blog. They also place ads at online classified ad portals or pay to have their ads on other enterprises' websites. They hope you click on their ad and make your way to the residual income source site.

When you do, and make a purchase, they earn a commission. When many people do, they earn much more commission. If they promote a quality product that consumers want continually, they can make a lot of money. They managed to align themselves with a popular residual income source. You can too and earn yourself that part-time or full-time income by working from home.

First, you have to spend time choosing the right products from a residual income source. A residual income source is an affiliate program with affiliate products. There are many on the market today. Your favorite bookseller may have an affiliate program. So may your favorite computer software company or specialty coffee company. The types of affiliate programs are virtually endless. You choose a program that interests you and that you believe has a strong market.

Now how do you make money? You do it by promoting these products. You will place banner and text ads on any of the aforementioned platforms. Wherever you place text or banner ads, or place any type of promotional content, you will have a tracking code embedded. Your identification number or name is in this tracking code. When customers click the banner, ad or link, they arrive at the affiliate site. The site owner registers the code that brought the customer there. They see in that code your special identification number. Therefore, you receive credit for that customer's purchase. You earn a commission.

You earn residual income on top of this initial purchase if you align yourself with a good residual income source. A good affiliate program will pay you commission on every subsequent purchase by that customer. They link that customer's I.D. to yours for as long as you stay in their program.

This is where you earn that passive, recurring income. You no longer have to promote to this customer. They know where to get the product. They are on record with the affiliate parent. Whenever they buy again, you get more residual income. It's your reward for bringing the customer to the affiliate in the first place. The better residual income programs let you earn recurring income from your one-time effort of securing a customer.

On top of that, if you build a downline team of sellers under you, you can earn more. A good residual income source will pay you commission on what your downline team sells. It's a win-win-win situation for you, your downline and your affiliate parent.

It's time to go shopping. Choose your residual income source today, or very soon. Why waste time when you can get that home-based business going now?

About the Author:

Dominic Boykin is the owner of Work from Home Based Business and reviews popular home business ideas and opportunities. Dominic's favorite home business is the Plug-In Profit Site where you can get your own home business website setup to earn multiple streams of income within 24 hours. Click Residual Income Source to learn how to start your own home based business today!

Labels: affiliate program, earn residual income, home based business, home business, passive income, recurring income, residual income, residual income programs, residual income source

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Comments:

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Joyce

http://www.videophonesguide.com

# posted by  linda : December 29, 2008 6:49 PM

 

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Feature Article: Make the Leap to Work from Home Based Business Success
Copyright © Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com/main-21490

Before you can have a successful home based business, you must first possess 3 "intangibles." These are things that must come from WITHIN you.

 ===> Intangible 1 <===

First, you must have a strong WHY.

Why MUST you have a successful Work from Home Based Business? What is driving you? What is it that you CAN'T have in your life anymore and/or what is it that you absolutely MUST HAVE now?

For me, I couldn't stand working 12+ hours a day anymore and missing the experience of my children growing up. I also absolutely HAD TO HAVE the freedom of being able to control my life and finances through a little box (laptop computer) that I could carry with me anywhere in the world and not be tied to anyone's time pressures or demands but my own. That was my carrot and my stick. I felt a great pain deep in my gut of missing out on my children's lives and the incredible freedom that succeeding in a home based business would provide for me. I found my why. You MUST find yours.

===> Intangible 2 <===

You must BELIEVE that it is possible.

If you don't believe that it's POSSIBLE for you to have a successful home based business or make your living from home, you won't. It's that simple.

For me, figuring out that it was possible was just a matter of realizing that many other people were ALREADY making great money working from home. If they could do it, I could too. It would just be a matter of figuring out what those people were doing and then adapting it to my situation.

There is no shortage of undeniable PROOF that people (millions of them) are making money working from home. Just get online and do some research and you'll find countless testimonials and stories of REAL PEOPLE making real money on the Internet. Or head to your local bookstore and you'll find the same documented evidence of this fact. Truth is, it's getting easier and easier to make money with your own home based business.

I've always said that "affiliate marketing" (a simple way to make money from home) is the job of the future. In the "old" days, you had to go to a potential employer, apply for the position and hope for the best. Now you can simply go to any company you want, fill out their affiliate application and start work immediately. Affiliates are the new working class. In fact, making money with affiliate programs or making your living on the Internet is WAY MORE than possible. It is pretty much (or will be soon enough) unavoidable now. Affiliate marketing is the "job" of the future that's already here TODAY.

===> Intangible 3 <===

You must be willing to MAKE THE LEAP.

Ready, FIRE, then aim... This is the operating philosophy you MUST adopt to succeed with a home based business.

That's backwards for most people who like to aim before they fire. The fact is that home based business success is a moving target... The only thing constant about it is change. You need to stop analyzing the game and simply jump into it. You can't learn from the outside... You have to be IN THE RING to truly understand it.

The lesson here is that you will never really be READY to start a home based business. You simply have to start one. It's like having children... You're never really ready, but when it happens you adapt and grow. This is what I call "Making the Leap."

The good news is that the cost of failure with having your own home based business is very small. In the "brick and mortar" world you need to evaluate things very carefully before you decide to open up a business. It's almost always necessary to invest thousands of dollars to get an offline business off the ground. However, on the Internet you can often start a successful business for less than $100. The Plug-In Profit Site is a great example of this: http://www.PlugInProfitSite.com/main-21490

You simply need to get IN THE GAME... Each moment that you stay "out there," you're wasting valuable time that you could be learning and skills necessary to build a successful home based business. In fact, if you're not in the game yet, you're ALREADY behind the times. Make the leap to creating a successful home based business today!

About the Author:

Stone Evans, The Home Biz Guy has helped thousands of people in over 200 countries around the world start and run a successful home business. Discover 3 easy steps to start your own Work from Home Based Business and subscribe to The Home Biz Guy's FREE Home Business Secrets Mini-Course at: http://www.PlugInProfitSite.com/main-21490

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