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Titus Hoskins
http://www.bizwaremagic.com
Residual Income: The Key To Making A Full Time Online Income
Copyright (c) 2007 Titus Hoskins
For many online marketers earning a full time income is the
ultimate goal. It is not an easy task but it can be
accomplished as long as you apply this one simple strategy
along with all your hard work. You will discover what most
savvy marketers already know, the major key to making a
full time income is quite obvious: "Residual Income".
For many online marketers earning a full time income is the
ultimate goal. It is not an easy task but it can be
accomplished as long as you apply one simple strategy along
with all your hard work. Savvy marketers have already
discovered the major key to making a full time income is
quite obvious: "Residual Income".
Just as the name states, residual income means you make one
sale and you earn follow up income automatically for
months, years or sometimes even for decades after you make
the initial sale. It almost sounds too good to be true but
residual income does exist and thousands of online
marketers are reaping the rewards.
It is a pure marketing strategy which makes perfect
business sense. Why utilize all your marketing resources to
make one sale and receive one payment, when you can just as
easily use the same resources to make a sale and then
receive repeat payments for years down the road? The beauty
of residual income comes from being rewarded for your hard
efforts again and again. One sale can equal long term
income for years.
The Internet makes earning residual income possible for
everyone. Stay at home moms, the college student, the
part-time worker... you name it, anyone can earn a residual
income on the Internet.
Why is this now possible?
Because the Internet has opened up a whole stampede of
companies and services looking for clients and customers.
Services that once were only offered locally before the
advent of the web, but are now being offered globally to a
world wide consumer base.
Unfortunately as many companies have discovered, the
competition has also increased a million fold as this new
marketplace has opened up. Competition for acquiring
clients and customers has become a lot stiffer mainly
because companies don't just have to compete locally
anymore but globally. It's the new global economy.
With competition so fierce many companies and businesses
will offer a premium reward for anyone who can acquire or
find clients/customers for their company's products and
services. Many will even offer residual income for as long
as the client or account stays with that company.
Enter the Affiliate Marketer: You!
Affiliate marketing is tailor made for the Internet.
Millions of webmasters have millions of sites attracting
millions of visitors each day. These sites relate to a
particular niche or subject matter that attract targeted
visitors interested in the same topic. All any webmaster
has to do is join an affiliate program related to their
site's topic and promote this affiliate company or business
to their visitors.
Just connect the Dots.
The smart webmaster or online marketer will only seek out
affiliate programs or companies which will give them
residual payments for finding clients or accounts for those
company's services or products. This marketing strategy has
proven very lucrative for those webmasters/marketers who
are taking advantage of these residual revenue streams.
Here are some pointers on how to make this strategy work to
your advantage.
* Affiliate Networks. Use very reputable Affiliate
Networks like Commission Junction, LinkShare, ShareaSale...
these programs offer a whole range of Top 500 companies
that you can promote. I find CJ and LinkShare to be
extremely reliable, with excellent tracking and prompt
payment.
* Private Deals. However, the most lucrative rewards and
residual income can come with private or individual deals
you make with a particular company. My experience, if you
manage to attain top rankings for the top keywords in a
particular industry these companies will come to you with a
private deal. Your job is to acquire or find
clients/accounts for that company and receive a commission
or percentage of all revenue this client generates for the
life of that account.
* Smaller Companies. Sometimes it is the smaller less
known company in your particular industry or niche that
will offer the best deal. It may be harder to promote a
lesser known company but the rewards may even be greater.
* Cookies. Keep in mind, another version of residual
income is the good old cookie - you refer a customer to a
company and this customer is cookied with your affiliate
id... any sales made from your cookied referral will earn
you money. Check the length of these cookies, some are 24
hours, 90 days... the longer the better. I seek out
companies which give life-long cookies, they are rare but
they do exist!
* Major Point: The key to picking the best affiliate
programs for residual income is picking companies that
offer services like web hosting, phone services, cable
services, marketing services... anything that people
sign-up for and then rarely change. This will earn you a
monthly commission for as long as they use this service. I
am presently earning commissions on sales I made 4 or 5
years ago.
* Use PPC. Pay Per Click advertising can be a very
effective way of kick-starting your residual income if you
know what you're doing. This form of advertising can get
very costly very quickly so proceed with caution. I found
even with a low conversion rate and a high cost per click
charge you can bid higher with a residual income affiliate
program because it is not a one time sale. You can afford
to outbid your competition, but don't try for the number
one position; I have found the best place to have your PPC
ad is in the third spot.
* Never Put All Your Eggs In One Basket. Don't just
promote one affiliate company or service, instead spread
your marketing over difference services and companies to
earn multiple streams of residual income from different
sources. If one should dry up, you will have plenty of
others to rely on. Besides, getting 10 or 20 monthly checks
will always put a smile on your face. Trust me!
Of course, there are many more factors involved in
producing a full time residual online income but these
points will help get you started in the right direction.
Don't get the wrong impression, this income won't just
suddenly appear, you do have to do some hard work marketing
and promoting your chosen affiliate companies or services
to make the initial sales. But the rewards are very sweet,
and they just keep coming and coming and coming...
----------------------------------------------------
The author is a full time Internet Marketer with numerous
sites on the web, including two niche sites on Internet
Marketing. His main site is http://www.bizwaremagic.com
For the latest & most effective to boost your online
marketing - try:
http://www.marketingtoolguide.com
2007 Titus Hoskins. This article may be freely distributed
with this resource box attached.
