Find out to make a residual income or even quit your day job. You can work from home promoting other people's products.
What is Residual Income?
Residual is also be called passive or recurring income. It is income that continues to grow after you spend the time to set it up. It makes money almost on auto-pilot.
Most people work for compensation directly related to the amount of time they spend. They put in 40 hours, they get a salary. With residual income there isn't a set amount of income.
When you create a residual income you continue to make money even when you are doing something else. You can set up multiple streams of residual income. This is how many people grow rich.
The Importance of a Residual Income
Without residual income you are at risk if you lose your job or get sick and can't work. A residual income can help tide you over in case of layoffs or unexpected expenses. Or, you can save for big events in your life, like retirement, or family vacations.
Residual income is a very simple yet powerful concept.
Affiliate Marketing as Residual Income
Affiliate marketing a perfect way for stay-at-home moms or dads to earn residual income. It just requires basic computer and writing skills. It's free to sign up as an affiliate. Every time you promote a product that sells you make a commission on that sale.
One example of making residual income as an affiliate is through subscriptions. You can make a percentage of the subscription cost every single month they subscribe. The classic example is online dating web sites. People pay each month for access to potential romantic matches. Many dating sites, like Match.com have affiliate programs.
Affiliate Marketing's Low Start-up Costs and Requirements
Affiliate marketing is the ideal side business. Here's why:
- You don't need to stock product.
- You don't need to provide customer support.
- You don't need to build a complicated web site.
- You don't have to deal with returns.
- You don't need to be a techie.
Some of the most successful affiliates create a series of one-page web sites called landing pages. This saves you a lot of work and can be very effective.
Learn how affiliate marketing works and create a residual income. There are web sites, e-books, and other resources on the internet that can help you start.
Janet Meiners is a writer and affiliate marketer. Affiliate marketing is one of the best home business ideas to make money online. Learn secrets from a super affiliate who made over $1 million in two years. "High Performance Affiliate Marketing" can help you succeed as an affiliate. Janet blogs at http://www.newspapergrl.com