Residual Income Generated in Your Own Home Based Business

By: Jim Suzak

Copyright (c) 2008 Jim Suzak

An income that is earned on an ongoing basis for an effort which was done once in the past is called residual income. Sometimes it is also known as passive income and when it comes to your home based business effort, the idea is to get paid over and over for doing the work one time.

This article will show you three home based business residual income opportunity tips to help you choose the right products and programs in which you can promote in your home based business.

It is better to choose residual income programs that pay you on the efforts of others. This means that you will need to recruit other affiliates to do selling and promoting for you. The benefit to doing this is duplicating yourself and multiplying your efforts without spending more of your personal time.

If you recruit an affiliate who will spend several hours a week promoting and you spend some time also selling, you now have duplicated your time spent on building a residual income. What if you had 10 people who could spend 40 hours a week? You now have created a powerhouse creating residual income for yourself.

One way that this has worked out over the years is in the affiliate marketing industry. Affiliate marketing creates residual income for you when you build a downline of distributors (affiliates) who are buying and selling products. With every product that is sold you earn a commission.

Two tier affiliate marketing programs is yet another excellent way to create residual income. Although you will not be able to create depth in a downline distributorship like multi level marketing, you will be able to enroll front line affiliates and get paid on all of their efforts when you are in a two tier affiliate marketing program.

Strong affiliate marketers can be excellent people to recruit because they are very sales oriented. Many average ordinary people join a network marketing business with the idea that they can get rich.

Actually, most people who join an internet marketing business will never sponsor anybody personally. So, you are never able to generate a large downline of people like this. However, if you play the numbers eventually you will find enough frontline network marketing distributors that will go on and build a group of their own.

The best home based business residual income tip I can offer you is to spend your time recruiting. One way to create residual income and duplicate yourself without spending more time doing it is to get paid on the work of other people. This will guarantee that you will receive a strong residual income in the future.

Money Management
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