When starting an online business, it is best to diversify so that you make money from several different income streams. One of the greatest ways to make money is through residual programs. Most people start out getting paid through linear income sources. That is, you do the work and then you receive the income. Most affiliate program work this way. You are paid once for the successful completion of the job or action. I like linear sources of income because the harder (or smarter) you work, the more money you make.
But residual income is great too. Residual income represents regular payments you receive after completing a job or action just once. Payments are usually made on a monthly basis. One example of how residual income works is through royalties that are received by music artists and authors. They write the song, book, or ebook one time, and then receive a royalty (or commission) each time a sale is made.
Residual income is paid to you month after month and year after year. In most cases, it will not make you rich, but it can represent a very nice profit that comes in every month.
There are numerous ways to develop residual online income. One of the best ways is to write your own ebook. Then, like the example above, you will make money each time a sale is made. Unfortunately, many people feel that they are not capable of writing their own ebook. If you feel that way, don't worry, there are many other ways to develop residual income.
ClickBank carries many affiliate products that require the buyer to make monthly payments to use a product or service. If you successfully promote these types of products, you will receive a commission every month for as long as the buyer continues to make payments.
Another good source for residual income is by promoting hosting or autoresponder services. These services usually require the buyer to make a payment each month. If someone you refer buys into one of these programs, you will receive a percentage of those payments every month for as long as the buyer continues in the program.
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