When you join a good two-tier affiliate program that converts easily, you then train your own affiliates, you are paid commission for your own sales and the sales of your affiliates, the more affiliates you get the more sales you make and the more residual income you earn.
When you do your job once and are paid repeatedly, that is known as residual income. Some people are still being paid today for a job they did many years ago, that is really an interesting phenomenon.
You can take advantage of this exciting concept of residual income and build yourself a massive income through affiliate marketing.
Below are 5 ways you can build a residual income by selling more through affiliate marketing:
1. Join two-tier affiliate programs: These types of affiliate programs pay you for your own sales and pay you commission for the sales that your affiliates make.
You may want to take advantage of this business model and build a large list of super affiliates who in turn will be making huge volume of sales and remember you earn income on every sale they make. You may still be paid monthly on the sales your affiliates make even though you may have stopped working.
2. Market products that are continously in demand, products people use repeatedly, perhaps on a monthly basis, for example website hosting. Once people get their website, they will need to continue to keep it, the hosting fee is normally paid on monthly basis, so when an affiliate signs up to a web hosting service through you, he will need to pay monthly to keep it going, that way you earn commission monthly for a job you did once.
3. Sell affiliate programs that have a membership fee. An example of this is a training program billed on monthly basis. There are many of them on the internet today. When your affiliate joins the program, he is billed monthly therefore; you earn commission every month in an ongoing basis on sales, you made in the past.
The more affiliates you recruit, the more commission you earn, a time comes when your commissions would run into thousands of dollars per month and you continue receiving the payment on a recurring basis even if you stop marketing the products.
4. Make your own products and recruit affiliates to sell them for you. For instance, you could compose a short report and let affiliates sell them for you while you use your time to create new products.
5. Get many websites selling different products and services set them up automatically so that you earn money in autopilot. Many internet entrepreneurs are making a huge amount of money on their websites which they built in the past.
It is interesting to note that you can sell more by using affiliates and therefore earning more residual income on a monthly basis. All you need to do is join excellent affiliate programs, sell the right type of products, create your own products and if need be get more websites in order to achieve your goal.