In this article we look at 4 ways you can use the internet to earn recurring commissions. Also known as residual income, these are a fantastic way to set yourself up for life.
Would you like to get paid one time, or would you like to get paid over and over? By over and over I am saying you get paid every month for your one time efforts. This concept is also known as residual income and you will learn to love it when the checks come every month.
This is one of those "DUH" moments that has come to define my own internet marketing career. Getting paid over and over is one sure fire way to financial security and early retirement.
Here is a partial list of ways to create recurring commissions.
1. Network marketing- You earn recurring commissions by recruiting downline distributors getting paid on their efforts. When building your downline this is a great way to create residual income through the efforts of others.
Many MLM programs pay several levels deep. It is to your advantage to spend the majority of your time building your group rather than just retailing products where you're only getting paid one time for that sale.
2. Affiliate marketing- You earn commissions by selling other people's products. You can earn recurring commissions by selling subscription based products. You can join two-tier affiliate programs and getting paid on the sales made by the people that you recruit. If you recruit enough quality affiliate marketers underneath you into 2 tier programs you can earn residual income for years to come on just the sales that they personally make.
3. Sell memberships- One of the best ways to earn recurring commissions is to sell memberships. Website hosting would be an example of this. Private label right products that people subscribe to receive every month could be another example of a subscription based product that you earn commissions on.
4. Create your own subscription program- If you have your own product or program try and create a membership product. If you do this, you can earn recurring commissions every month when people subscribe to that. Hands Off Article Marketing is one example of a subscription based program that pays every month for people that subscribe to it.
This is 4 examples of ways you can earn residual income and get paid over and over for doing your work one time. Once you understand this concept, you'll want to spend the majority of your Internet marketing days learning for more ways to earn recurring commissions.
Note: This post was contributed by http://www.team-schuman.com
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