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Home / Business
5 Ways To Develop A Residual Income Online
By:Ken Hill
1. Build your own subscription based membership site.
Your visitors will be looking for information, and will be willing to pay to have all the information they need in one place for easy access.
Your membership site can provide your customers with this, by making them privy to a complete line of downloadable products, resources, or insider techniques and strategies to promoting or marketing their businesses online.
You can also create a membership site that allows your visitors to search for information that isn't readily available, such as for publishing contacts or work at home jobs.
This can be extremely profitable for you and provide you with a residual income as your customers renew their memberships.
2. If you offer a free service to your visitors, to drive repeat traffic to your site, add special benefits, options, or tools to your service that your visitors must pay to use on a monthly or yearly basis.
3. Develop and sell your own line of products or services that your customers must pay for on a monthly or yearly basis such as autoresponders, webhosting, or domain names.
4. Start your own affiliate program, and create a powerful sales force that promotes your products for you.
Your affiliates can successfully build a residual income for you by continually promoting your products to their visitors or subscribers, as well as help you to increase the residual income you make if you provide a service that is paid for on a monthly or yearly basis.
5. Join affiliate programs that offer you the opportunity to earn a residual income for referring your visitors to their services.
Some powerful ways for you to promote your affiliate programs to your visitors are through your newsletter, by providing your visitors with free email courses, or by writing articles that promote your affiliate program through your resource box at the end of the article.
You can also increase your commissions by recommending the products of your affiliate programs to your visitors by making a recommended resources section, or a recommended opportunities section when promoting two-tier affiliate programs.
About the Author
Article © 2003 by writer, Ken Hill. Discover step-by-step instructions to creating a successful online business even if you're on a shoe string budget. Includes expert reviews of the best tools, resources, and software to promote your business on the net. Find out more at: http://www.scstats.com/r.cfm?i=5030
Article Source: http://www.dailynewarticles.com
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