by Marty Foley
Residual income (also called passive, or recurring income) is Linear income is directly proportional to the number of hours There are a variety of ways residual income can be earned. 1) Transfer the rights to a book you wrote, a software program 2) Become an actor and draw residual income from each of 3) Let an oil company drill a well on your property in exchange 4) Purchase an office building or other real estate that earns The above ways of earning residual income generally aren't that 5) Maintain a savings and investment program that pays you 6) Market your own products and/or services that lend I'm referring to products or services that are regularly used A product or service that you create only once, but sell over Don't have your own product or service that lends itself to 7) Join affiliate/associate programs that offer products or For example, Internet marketers regularly use services such as 8) Join affiliate/associate programs that pay commissions on Certain affiliate programs can also generate residual income For the sake of this article, I'm not referring to MLM Since many affiliate marketers don't actively promote their
income that continues to be generated after the initial effort
has been expended. Compare this to what most of us focus on
earning: linear income, which is one-shot compensation or
payment in the form of a fee, wage, commission or salary.
expended (40 hrs. of pay for 40 hrs. of work). One of the great
advantages of residual income is that once things are set in
motion, you continue making money from your initial efforts,
while gaining time to devote to other things... such as
generating more streams of residual income!
Following are some examples.
you created, a gadget you invented, or a song you recorded, to
a company that agrees to pay you a percentage of each copy of
your work sold in the future.
your movies, TV shows, or commercials, each time they run.
for a percentage of the revenue.
you recurring income through lease or rental payments.
easy to implement. Following are some that are more attainable
for the average person:
residual income in the form of interest or dividends.
themselves to repeat sales.
or consumed, and that must be purchased over and over again.
and over again, could also be categorized as a form of
residual income (although continual effort may be required in
marketing it).
repeat sales? Consider the next two options for earning
residual income...
services that lend themselves to repeat sales.
web hosting, autoresponders, etc. Some affiliate programs that
offer such services pay residual commissions to resellers for
as long as the original customers they've referred remain
paying customers.
two levels.
in another way: by paying affiliates a percentage of the
commissions earned by those who sign up under them.
(network marketing) programs with many levels. I'm referring
to affiliate programs with no more than two levels.
programs, don't sit back and rely on income from second-level
commissions, but view it as icing on the cake. You'll have
better success with a program if you actively market it
yourself.
Some of the most ideal affiliate programs combine the best of I've done a lot of research on affiliate programs. For a list Last Words The best types of residual income are usually those that you I'm not against earning good, honest, "one-shot" linear About the Author
Check out Marty's directory of only *proven* money-making
both worlds: Products or services that lend themselves to
repeat sales, plus residual commissions based on the earnings
of those who sign up as resellers under you.
of the best e-commerce affiliate programs my research has
revealed, see: http://AffiliateProfitInfo.com/programs/best.htm
have exclusive rights to or otherwise control. They may be
harder and more time-consuming to develop or acquire, but the
rewards are usually greater, and the income more stable.
income, but given a choice, which would YOU rather do: get
paid only once for work you've done through linear income, or
get paid repeatedly - perhaps for years or even the rest of
your life - for work you've performed only once, through
residual income?
affiliate programs at: http://AffiliateProfitInfo.com/guide/
His highly-rated book, Internet Marketing Goldmine, reveals
powerful Internet success strategies and is available at:
http://ProfitInfo.com/