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Residual Income: An Interesting Theme of Your Online Business

Residual Profits

Residual Profits – also called residual income, passive income, or passive profits – is a business strategy in which you set up business ventures that continually provide you income profits, with little or no attention.  The establishment of residual profits should be a theme for any busines venture.
Residual income  is when you do the work one time and get paid forever.

Sounds great… huh?

It is passive, recurring income that comes to you every month or time or certain thing happens.  (It’s residual profits!)

Think about this – If you work on hourly basis for 2 hours and get paid of say… $100. You don’t get any backend income on your 2 hours hard work. Your profit is just $100.00 onetime.

If you work the same 2 hours on some of the projects that are aroundor your own, you will be paid continuously month after month (residual profits). So if you get paid $20 every month , your profits will be $240 per year.

This means multiple payments of $20 every month (or residual profits) will be always profitable than one time payment of $100. This is the charm of the residual income (residual profits)  programs.

Every online business person needs to follow this principle to start earning residual incomes (residual profits).

Here are a few of the ways you could be earning residual profits in your business:

1. Membership site – If you have your own membership site, you will be paid every month by your members. No need to sell again and again to them.

2. Affiliate Programs – There are hundreds of affiliate programs on the net. Choose wisely before expecting your reasonable residual income.

Your affiliate product should offer you atleast 30% of the product prize. If your affiliate product is good and with your effort, certainly you will be profited by the affiliate programs.

Most of the people join in every affiliate program and advertise for few days and quit and join in another program. This will be pure waste of time. So try to concentrate on few selected programs.

3. eBooks – Yep…Another way of getting residual income. Whether free ebooks or ebooks with resale rights or ebooks for their personal use, once they go with your name and web site links means, they will send you constant traffic to your web site.

After keeping links, always check them whether working are not.

4. Sell a product and offer upgrades for a minimum fee: This is another way of getting residual income. If your product needs to be upgrade, you can do that at specific intervals with minimum fee.

At these situations, your initial product prize should be reasonable. Otherwise nobody will buy a high prized product that needs to pay for upgrades too.

5. Certain businesses: Like web hosting business. Once you get a customer means, you will get everymonth payment from him. Some other businesses like offering merchant accounts, hosting forums, shoping carts etc also produce regular monthly income.

Conclusion: These are only few ideas on getting residual income.You can think of your own way of getting it on your specific product.

No matter whether you started your online business few months back or today…

Always try to get something from it in the coming years.

Radhika Venkata (c)

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Residual Profits

How To Earn Residual Income With A Work At Home Business Opportunity

Residual Income

Home Based Business Opportunities.Any opportunity that allows you to work at home and earn residual income is very popular in recent times. Residual income is the income you continue to receive long after you complete the work. It is perpetual. Normally, you receive income in the form of wages and salaries for the work you do now. Hence, you need to continue working to earn this income. However, with a residual income opportunity, you can start to work at home and earn residual income not only now but also in the future.

Importance of Residual Income

The regular income that you receive from your business or job helps you meet standard expenses of you and your family. If there is any unforeseen happening like an accident or illness, it becomes difficult to manage all expenses. Rather, you have to use your regular income for such expenses and your financial situation looks grim.

The residual income you receive from any work at home business opportunity remains as a safety cover and proves useful in such calamities. Work at home and earn residual income opportunity is an additional income and therefore there is no specification of how much time you should put in or how much you should earn through this business – The more the better. You can also put aside such income as a retirement plan.

How to Earn Residual Income

Making money from an opening that allows you to work at home and earn residual income may not be easy or immediate. Yet, you can try to put in as much time as possible so that this income opportunity grows and continues to yield income for long.

Some such opportunities include:

o Writing Books: Writing books and novels or penning down songs and poetry could be a hobby for many. You can convert this hobby into an interesting source of income. You can earn royalties from your book or songs as long as you have the copyright. If your book is turned into a movie or your songs and poetry is used, you earn royalties from such copyrighted material for your lifetime.

o Multi-level Marketing: You market goods and services to others and they market it further. You not only earn from your sales but also from the sales of other marketers under you. This is multi-level marketing. This income opportunity is a long-standing opportunity and it continues to deliver income irrespective of how much sales you make.

o Real Estate Investments: Invest your money in a building or property. You receive rentals from such properties. Such residual income remains in place as long as you own the property.

o Internet: The Internet offers numerous business opportunities that allow you to work at home and earn residual income. These opportunities may require you to work for some time initially. Eventually, you keep earning even without working.

Carmen Bodden is committed to finding the best home based business ideas and opportunities. Discover some of these programs that may give you the opportunity to work at home. http://www.LCBWealth.com

Article Source:
http://EzineArticles.com/?expert=Carmen_Bodden

Residual Income

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