Author: Max Danian
Earning residual income is a dream for many and a reality for many others. Residual income is a type of earning that will continue to pay you for long time after a sale is final.
Residual income can be generated in many diverse methods.
Affiliate programs are a good way to start earning commission as residual income. But not all programs pay this kind of income. When you pick an affiliate program make sure pick the ones that pay residual income. Products that usually pay long term income are subscription programs, membership programs or consumable products.
Creating copyright products also will bring residual income like song writing and so on. You’ll get residual income from this type of products for so long as there is demand for it.
Network marketing is another way of earning long term income. There are companies that will pay you commissions for recruiting members to sell their products. The more members you recruit and the more sales those new members make the more residual income will be for you depending on the pay plan of each company. So when you start recruiting for a company, make sure you pick a company with a great and easy to understand pay plan. Companies that pay you to sell products and recruit others are called multi-level marketing (mlm) companies.
Residual income potentially is a profitable idea, if you know how to secure a consistent ongoing income stream.
Tuesday, September 02, 2008
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