Build a Strong Foundation With Residual Income

What is ‘residual’ income? It is income where you make a sale one time and it generates income on a regular basis going forward. Residual income can even be earned on multiple levels. For example if you refer someone to an affiliate program, you make a commission for a percentage of the initial sale. In the future when your customer pays their membership fees for the program each month, you earn a percentage of that as a commission. With ‘multi-level-marketing’ you may also receive a percentage of the commissions when your customer makes sales of their own.

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So the idea is that you have income that continues to generate as a result of that initial sale for as long as your customer remains active in the program. This would also be true if you were directly selling a service, for as long as your customer continues to use the service.

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The Importance of Choosing a Good Affiliate Program

Before spending your money on anything, of course you want to be fully aware of what you are actually buying into. You need to know if you can afford it, and if it meets your requirements. You need to be sure that you will be able to use it effectively (does the program include training, instruction and support). You need to know how it works and what is included (the basics as well as any resources available to members). Very importantly for any affiliate program, you need to be aware of any special circumstances that may be part of the compensation plan.

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There is usually a lot more to it than that you pay so much for the membership and you receive a percentage of the cost in commissions when you make a sale. The special circumstances could mean that you are ‘passing up’ a commission to your sponsor or giving them a percentage of each

Affiliate Marketing Programs

One of the best ways to get started with an online business is to try affiliate marketing. The primary reason being that everything is all put together for you and you can just sit down and get started right off the bat with learning how to market a business on the Internet.

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While some people may balk at the membership fees, they should actually be grateful that this is a small price to pay for all that they will be provided just by virtue of their membership. They will save untold hours and much more money in that again, everything is put together already.

There is no learning how to build a sales page because the affiliate program will provide one, encoded with the affiliate ID that is associated with the membership. When any sales are made from that page, they will be credited to the member. Additionally the affiliate program will handle the cu