Recurring Income Programs

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The last time I checked there was not a money tree in anybody’s backyard. However one way of earning money that comes close is residual income programs. Let’s take a look at 4 business models you can become involved in to create income on an ongoing basis

1. Network Marketing- With this business model you build a downline of distributors and get paid on their efforts every month.

This is probably the most famous residual income program yet also the one with the highest failure rate. Very few people ever achieved a long-term residual income from network marketing in the past.

Today that is not the case thanks to the Internet. There are now people getting paid every month building a worldwide MLM business.

You can automate both the retail efforts of your business as well as the sponsoring and downline building. This makes it very possible to develop a residual income to the point that you can quit working altogether.

2. 2 Tier Affiliate Programs- Get paid on the sales of people you personally recruit.

Unlike network marketing where you can build a large downline, two-tier affiliate programs pay you only on the sales of people you personally recruit. This can still create a very large income for you if you are promoting the right types of products and recruiting the type of affiliate marketers who can sell.

3. Membership sites- Get paid every month that a person’s membership in place.

For example you could sell a monthly membership to a private label rights program. As long as the person’s membership stays in tact you earn a commission every month.

Another thing you can do is start your own membership site and earn money every month from the sales of memberships. There are more people doing this because of the various niches people are making money online with.

4. Email Marketing- We include this as a potential residual income program because of the large sum of money you can earn from your list.

There are people making seven-figure incomes mailing offers to their list every day. Often times this is all automated followed up by an autoresponder with preprogrammed messages.

You just let the system mail out the messages and people order from you when they are ready. This is a very hands off way of creating residual income that will pay you over and over.

You’ve just read about 4 business models that offer residual income programs. The exciting thing is you can do one or more of these to make an unbelievable amount of money in the future as well as today.

If you are looking for a residual income program you will undoubtably come across a network marketing business. If you are not familiar with network marketing there is a reason why there are so many residual income programs in this business model.

In this article let’s talk about network marketing and why it offers a tremendous opportunity to create residual income.

One interesting component of a network marketing business is known as duplication. With this concept you are able to earn money on the efforts of other without spending more time on your own.

The way you do this is by recruiting new distributors and creating a downline. The compensation plans of a network marketing business all pay you on the efforts of people in your downline.

The fastest way to build a downline is to not personally sponsor everyone, but to teach those that you sponsor to duplicate exactly what you are doing with them. This is how you are able to build a large downline without personally sponsoring everyone yourself.

As a matter of fact you can have a tremendous downline of distributors by only personally sponsoring a handful of people. This is where duplication becomes most powerful in the network marketing business.

As a residual income program network marketing offers an exciting opportunity for people to literally make a lot of money. By earning money every time someone purchases or sells a product, you can literally get rich if you have an active large downline.

Network marketing is the one true business model that does offer residual income programs. There are various forms of ways that you will get paid in a network marketing business.

It’s up to the individual company to determine the type of pay plan that they are going to offer. Every one of them includes a way for you to make instant money by retailing products.

They then also include an opportunity for you to make money on the purchases and selling of others several levels deep. From a residual income standpoint this is very exciting and a big motivator for people to join a network marketing company.

In reality the downside is most people will never enroll anybody, and will ultimately quit before they ever make money. Therefore to create a residual income program that pays you in the future, you will have to personally enroll people until you find a handful of leaders who will build a business just like you.

If you are willing to stick with this long enough, and find these types of people, network marketing is definitely an excellent residual income program to be involved in.

Notice how the top earners online, be it a Super Affiliate, Ad Sense Master or Internet Passive Income Guru, all seem to have their names secured in a niche industry on the internet. When you think of the Coca Cola brand, what comes to mind? Does an image of a red can with words Coca Cola written in white display in your mind’s eye, or perhaps a coke bottle? Likewise we must pick our niche on the internet and brand our name accordingly. Be known for doing good in 1 area before moving on to the next project.

Here are the things we need:

1) A website that belongs to you. Even though an affiliate can utilize the merchants affiliate page, it is still preferred to have your own website. This allows you to present the sales/business opportunity in your own words and pre sell the product, before sending your visitor to the merchants sales page.

2) Auto Responder and Opt In box. Your visitors will most likely not make a purchase on the 1st attempt and when they leave your site, you will not see them again. Don’t forget, there are also other competing sites that want a share of the sale too. So do capture your visitors details with an auto responder opt in box and follow up with a series of emails. For ideas on what to write, you can use information found on the merchants site and re-express them in your own words. Follow up emails reinforces your brand name in the mind of your readers. Respectful persistence wins sales.

3) Photograph & Signature. A picture paints a thousand words. Scan a groomed, smiling photo of yourself and your a penned signature. This adds that personal touch to let your audience know you are a real person. When your readers establish a connection with you on a personal note, they will make a purchase based on your recommendation.

4) Audio. Do you have a nice speaking voice? If so, combine this with your photograph and signature to humanize your website and establish rapport with your audience. You’ll need a recording software and a microphone. Internet audio streaming software you can use are BYOAudio and Audio Generator.

5) Blog. A blog can be an addon to your main website or be used as a free alternative to a website, at least until you are generating profits. You can combine every aspect of name branding mentioned in the above points into your free blog. Update your blog at regular consistent intervals with content specific to your vision. If you’re into internet passive income programs, then write about that topic and do not deviate. It is ok to write about other matters that lead to the finalization of the end goal. Refrain from writing about off topic content so as to keep your message and theme consistent. One way to keep your readers posted about your content is to use RSS feeds. Check out Feed Burner for their free service.

6) A Domain name. You can register a domain name and forward it to point at your Blog. Use the domain masking feature that allows your website to have a professional look. This will allow www.yourdomain.blogspot.com to appear as www.yourdomain.com

For more ideas on effective Internet Marketing, visit http://www.FundedSponsoring.WS and subscribe to our Home Business Newsletter.