As a new affiliate marketer, you may have started coming across the term “residual” or “recurring” in reference to affiliate programs. So what does it mean? Quite simply: You sell something once, yet continue to be paid month after month.
Residual affiliate programs can be quite lucrative for an affiliate to promote. Because you’re selling something that requires a monthly fee – such as a membership site, ongoing service, or products that get consumed and must be replaced – you can continue earning affiliate income from sales made months and even years ago.
Now, residual income does not last forever. How long it actually lasts depends on the type of products or services you’re promoting.
If you’re promoting a membership site for instance, you’ll continue to earn income as long as the people you referred to the site remain members. If that site is good, your referrals may continue paying for the site for years to come. On average though, many people cancel membership based sites within 3 months.
If you’re promoting something like website hosting accounts though – particularly if you’re promoting them to businesses – these are quite likely to continue for many years. Assuming the hosting company you’re promoting is good, businesses will sign up and continue paying for an indefinite amount of time. Since they’re a business and website hosting is a requirement to run the business, they’ll probably keep the hosting as long as they are in business, or until they decide to try another… if they ever decide to.
So website hosting services can be extremely lucrative for an affiliate to promote. You simply spend time, money and effort to get the new customer, then you continue to earn from that customer for months, or years, into the future. This adds up very nicely over time. If you signed up just one new customer per month for instance, and each one continues their membership for an entire year, then you’ll be earning from 12 by the end of a year.
Another niche market where residual income can be quite profitable is with health and wellness products. I’m not talking about fitness equipment here… instead I’m talking about products that are consumed. Vitamins for instance, or make up, or wrinkle creams. A customer buys these, and uses them every day. After a period of time they run out of the product and must order more. And this is where it gets profitable for an affiliate. If you sold the product through a residual income affiliate program, you’ll earn money again when the customer runs out of their product and orders more.
In some cases, the customer actually signs up for an auto shipment. This means they don’t have to remember to order more product when theirs is gone. Instead, they automatically receive a new shipment each month, or every three months. And they’re automatically billed to, thus you as the affiliate don’t have to worry about whether they’ve reordered or not. It’s all done automatically, so your earnings repeat automatically.
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It would be nice if the smart people were the only ones starting to build residual income online through affiliate programs. Residual income can bring some money into your bank account each and every month even if you don’t do any more work on it at all. In the past, online generated income meant making sales. Prosperity in the market was related to sales volume.
This is a terrific idea, and having a residual income gives you time to do other things.
Are you building your residual income yet? If you are not, you need to start soon. Though there are a lot of affiliate programs out there for you to get involved in, not many of them will pay you regularly. It is important to find a program that is to your liking, but is also one that you can afford.
A lot of people will spend all of their money on a particular opportunity and will not leave themselves any money to promote. That is an unwise choice. Be sure that getting involved with a program will not wipe out all the money in your bank account. You will need to have a reserve of funds to invest.
If you are finding it to be expensive, the next average person who wants to join will find it expensive as well. Making a good income is totally dependent on recruiting large numbers of people to participate in the program with you. If people can not afford to participate in the program, it will hamper your ability to be productive and profitable.
Internet sales campaigns work for some, but are only as good as the sales you are able to make. Your income is tied to your sales. If you don’t sell anything then you won’t make any money. Arranging for a steady income each month is a smart way to do things. This is exactly the kind of thing that the rich use to keep themselves rich.
Keep in mind that it is best to focus on one income stream and build it up to make sure the income is steady before you move on to the next one.
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As a web designer you can earn additional profit for recommending very useful (sometimes necessary) services to your clients. In fact, if you are clever you can make more than only additional income. You can build up residual income which will exceed the profit from the web design. The key are residual income affiliate programs.
When you get a new customer make sure that you understand what he exactly needs. First of all, everybody who let you to create new web design needs web hosting. The design you have created cannot be seen without using the web hosting service. And this can be one of your sources of residual income. Join some web hosting affiliate program which offers residual commission. When you finish the design recommend this web host to your client. He will need to pay renewal fees every year and you will get commission from these fees.
Another source of residual income may be domain name registration. Your customer will need a domain. Domain name can be ordered through the web hosting company or separately. The second option is the right for you – find a domain name registration service offering residual income affiliate program. Let your client to register his new domain name using your affiliate link and you will enjoy another annual commission from the domain name renewals.
If you design a website which will be used to generate traffic and earning money online from this traffic you can recommend to be publisher of some advertising network to your client. Most advertising networks pay commission for referring new publishers. Sign up for the network’s affiliate program and use the affiliate link to register your client.
Continue reading this to build up passive income with affiliate programs: Residual Income Affiliate Programs
Author makes good living with affiliate programs since 2002. The success came when he started to concentrate on residual income affiliate programs. He recommends to your attention list of the most profitable affiliate programs which can be found at http://www.MoneyTopList.com.
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Do you want to claim your share of the huge affiliate pie?
It is indeed true that the internet holds millions of dollars waiting to be claimed. There are several ways to lay claim to your share and creating residual income through affiliate programs is only one of them. The three steps below can get you started on the road to great residual income from affiliate programs.
1. It is easy but needs work
Several people start an internet business because they are looking for quick success and have perhaps been lured by some intelligent internet marketers. Creating residual income through affiliate programs while being relatively easy does require some work from you and constant monitoring.
2. You do the marketing and the rest is taken care
The advantage with affiliate programs is that you can focus entirely on the marketing front while the merchant takes care of developing products, launching them and maintaining them. Other attendant details like creating sales page, payment terms, customer care, delivery logistics are all catered to by the merchant. Your job is to bring visitors to the merchant’s sales page.
3. How about the residual income from these affiliate programs?
Affiliate marketing is all about your ability to recruit people to work under your link. Once you have developed an efficient down line or a set of people working through you, you will shift the focus to identifying products for these people to promote. Obviously, whenever they earn commissions from sales, you automatically get credit for your share and this represents residual income from affiliate programs.
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