I have always liked residual income opportunities. Today they are great because you can do them at home and get paid over and over for doing your work one time. In this article let’s look at four home business residual income ideas.
1. Sell Memberships
Affiliate marketing offers many programs that you can sell memberships to and earn commissions over and over for making that sale one time. Website hosting comes to mind, selling a monthly membership to a private label rights program comes to mind, and things like this.
If you sell a valuable membership people will continue to pay for it every month, allowing you to earn an ongoing income for that one sale you made.
2. Sell A Subscription To A Service You Start
This is an area where you provide a service and can earn an income on that every month. This is a residual income in the way that you do not have to send a bill out, but rather they are billed automatically for their subscription.
Examples of this might be posting in blogs, writing articles, submitting a website to a search engine, updating an autoresponder series, and things like this.
3. 2 Tier Affiliate Programs
With affiliate marketing, you get paid to sell other people’s products. With two-tier affiliate programs, you get paid to recruit people to sell other people’s products.
You then earn money on their sales. If you find the right people, and the right products, you can earn a very large residual income on their affiliate sales.
4. Network Marketing
This is an old school way of earning residual income. By developing a downline of distributors you can earn income on the efforts of literally thousands of people underneath you.
It becomes an ongoing income when you no longer have to recruit and train and your income continues on residually. The Internet is really helping people create home business residual incomes today through multilevel marketing. And it can be done much faster than previously.
This is four forms of home business residual incomes. Today, it is not uncommon for people to earn income and all four of these at the same time.
If you possess good time management skills, and you can do several things at once, you can create a residual income for your future. You work harder today, so you do not have to work at all tomorrow.