How would you like to get paid over and over for doing your work one time? That is what the concept of residual income is. Let's look a little closer at how to make residual income profits on the Internet.
Do you know that you can get paid on a regular basis, on autopilot, for doing your work only once? This concept is called residual income. With this system, you will get paid regularly after you do some initial up front work.
Let's look a little closer at how to make residual income profits on the Internet.
The fastest way to continue to get paid over and over for doing your work one time is to sell products that people naturally need. For example, website hosting is an excellent product to make a sale on because as long as a person keeps their website online, you can earn a commission every month indefinitely.
For example, there is a hosting company known as Host4Profit. Their initial fees are $24.95 a month to host one website. Today, that seems a little steep to a lot of people, but you have to factor in a couple of things.
First of all, they offer you $10 a month on every customer that you bring them. That $10 comes to you the first month you make the sale and it comes every month thereafter for as long as their website is on the Internet.
That is pretty darn exciting when you think about how much money you could make selling a product that people need to have to keep up their online presence. This is just one example of how to make residual income profits.
With these types of products, you can join the affiliate program and promote your affiliate website without any overhead at all. Here, you do not need your own product or website.
The more of these hosting accounts you sell, the more profitable your business becomes. Remember, you basically have no overhead here.
You can really keep your overhead down by promoting your business in as many different free or nearly free methods as possible. Some of these include article marketing, blogging, social networking, traffic exchanges and so on.
Really, your only investment is the time it takes to promote your affiliate website. However, the return on your investment continues to grow as long as you are adding new hosting accounts and maintaining the ones that you currently sold.
This is just one example on how to make residual income profits. Your only limitation is your ability to find more methods to promote by using some creativity.
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