Thursday, June 18, 2009

Residual Home Income

By Joe Cotroneo

The concept of owning and running a business from home is to be able to earn enough money to afford the desired lifestyle of your dreams. To achieve this many people work extremely hard at becoming a success, and quite often put in lots more hours working for themselves from home, than they would when employed by someone else. The main factor that people seem to overlook is that they could do to be earning a residual income from home.

Residual income from home is money that you are making on a consistent basis with little to no work. You build your business, and you acquire customers and clients. What you sell them is a product or service that they will need to buy again and again. If you can set this process up to be automated it cuts your work down even more. By selling something that is disposable, which means they will have to buy it over you are creating a residual income from home.

There are a number of different existing programs which can be selected, or even bought, in order to give support in the building of your residual income from home. One example of this is Prepaid Legal, which is a subscription service, whereby there are newsletters and member sites available to you that you can keep upon paying your monthly subscription. Consequently, when the initial site is created, the buyer will pay a monthly fee in order to keep the service. This is one way in which you can receive a residual income.

A further option is for you to use independent sales in order to build residual income from home. You can become a distributor of products from an assortment of companies such as Melalucea and MonAvie whereby it is compulsory for your customers to register as a member in order for them to acquire the products. The membership in general consists of an autoship. This means that whether they have placed an order or not that particular month, they will be forwarded whatever was requested in their autoship, which they will be billed for. The autoship is your aid in ensuring a residual income every month.

Another option which is fantastic in assisting you in building a residual income from home is affiliate programs. Affiliate programs are whereby you sell items for different companies by recommendation. You are simply required to refer people to the company in order to purchase products or become members. You are not in actual fact selling anything yourself.

Building residual income from home can be as easy or as difficult as you wish to make it. This is because it is more about you and your ideas than the product you are promoting. It takes time, it does not happen overnight and conscientiousness and perseverance are required. If you have these attributes and build up a successful residual income from home, you will eventually be able to live your dream

About the Author:

No comments: