Creating Residual Income Streams
Would you like to create Internet income to help pay the bills? If so, you may have considered affiliate marketing. If your an affiliate or even just considering it, take a look at these two real-life affiliate marketing examples. The question is which one will let you generate the highest return on your marketing investment (ROI).
It takes 100 clicks to make a sale. Each sale pays a $100 one-time commission. There's a 5 return (refund) rate. If you pay $0.80 per click, how much money will you make per $100 investment?
The terms of the second example are identical except it pays an addition $10 per month for the first four months.
You don't even have to do the arithmetic! Clearly, the example that pays the extra $40 in monthly commissions would yield a significantly higher ROI ($59 per sale versus just $19 in the first example).
Residual Income Streams Make the Difference
Pay attention to any Super Affiliate's business model and you'll quickly discover they offer a product that only pays once for each sale is if they can somehow leverage that sale, such as the ability to capture the buyer's contact information. The potential to make future sales to your list is generally valued at $1 per month for each person on your list. So, build your list to 5,000 members and, on average, you could make $60,000 per year.
So the key to the best affiliate marketing programs isn't the original commission, it's about the ability to make future income from the same buyer.
The Key to Wealth: Multiple Residual Income Streams
The Nile River is for being the longest river on earth. If you look down from space you can see it quite clearly. What you do not see from outer space are the thousands of small tributaries that run in to the Nile – and they really do number in the thousands. All that water in those thousands of much smaller tributaries is converge to make the Nile so gigantic.
Taking your Internet marketing income to a higher level is often a matter of creating your own multiple, relatively small residual income streams.
Because when you have residual income coming in – you never start the month with no income! That means you never have to start over finding new customers or worry that you won't have made any money at the end of the month.
You can start promoting products and services that pay a monthly residual income. As your residual income streams grow, you can add other products or services that, although they only pay once, pay a much higher commission per sale. And only those products. And then simply sit back and watch the magic happen.
The largest challenge with this approach is that you have to be constantly looking for the right products in the right niche while you are also learning how to market and sell products online.
Fortunately, there is a residual income business that not only offers a great product mix but also provides all of the training you need to become successful building a business that's based on both creating residual income streams and direct sales of high-ticket product. You should check it out now.
P.S. – If your upline doesn't have a step-by-step plan for your success, you need to check this out now!