What Is Residual Income-Overview?
Residual income is income that you earn monthly. Instead of just getting a one time affiliate commission from selling a product you will get a monthly commission from the sale. Residual income can be from affiliate programs as mentioned or from network marketing opportunities. It can also be from recurring sales of a product that a customer needs on a regular monthly basis.
Different ways to get residual income:
Google Adsense: these are small text or image ads that you place on your website. When a visitor clicks on them you will earn a commission from Google.. You just have to put the code on your website and Google will handle the ads. They will always be targeted for your site and visitors.
Membership site: You can pick up a monthly income from just one promotion. For example you do marketing for your membership site and get several buyers. You will then be able to get a monthly income from this one promotion. As more members join you will then get a larger monthly income that will just keep growing.
Affiliate residual income: you can join affiliate programs that are monthly subscriptions like the membership site mentioned above or software like autoresponders. As long as the customer continues to pay the subscription you will get the commission.
2 tier Affiliate income. When you join affiliate programs be sure that they are 2 tiered. This means that you can collect affiliates under you and make commissions from them Of course this will not be very much at first but it can add up. The trick is to gather a large amount of sub affiliates and join multiple 2 tier affiliate programs.
Network Marketing and MLM: There are 2 ways to get a residual income with network marketing and MLM businesses. Firstly you will be able to get commission for selling the product. If it is a monthly supply you can pick up a commission for reoccurring sales. Secondly you will receive commission from your team members’ sales. You can amass a good residual income from this.
All these residual incomes can be obtained by an initial promotion and some have none at all. In this way you will gather increasing amounts of monthly or residual income. This will require very little effort after the initial push and you can therefore consider these methods to be passive residual income. This is the pinnacle of success in your business to make maximum profits with minimal effort time and money.
So try out some of these ways to make residual income today. It is important for your business to have as many ways of making residual income as possible. This will snowball your profits and help you to develop your business faster. Also try to find sources of residual income that will require the least amount of effort so that they will eventually become good passive income. Start with the easiest ones first then work up to the ones that require more marketing and skills.
About the writer: Zach Thompson is a 23 yearold network marketer marketing consultant. Why Residual Income?
Web Marketing Strategy: Why Small Businesses Often Fail Online
Over the past few years many small businesses have made the leap to the Internet. They’ve found some success in the traditional sense and decide they can take that success to a new level by developing a website. Yet after a few months they discover the Internet isn’t what they thought it was. And they start looking for solutions. Does this sound like you?
Most businesses fail online because they don’t use their website as a marketing tool. They design the site once and expect it to bring in leads over and over again year after year. Yet a website is meant to grow and change just as you change your business with new products and new promotions.
Did you know the standard website has 8 pages of content and will never grow beyond those 8 pages? Yet the number one way to reach your prospects and potential buyers is through content.
A standard 8 page website is a great place to start but don’t stop there. It’s time to build and create a site that attracts clients to you. Consider these 8 reasons to continue building on to your website.
1. Depth. People like investigating and being able to discover more resources. Multiple pages allow people to drill in deeper to your site.
2. Resource. What makes your site valuable? People bookmark sites that have a variety of benefits and solutions. Add pages to your site to keep people better informed.
3. Power. A powerful site lets people take action. What can you do to direct people to your pages that allow people to take action?
4. Selection. When you head to the mall do you buy the first thing you see or do you look through a variety of stores to find the best deal? A variety of pages on your site allow a visitor to sort through your material and confirm they are getting a great deal.
5. Value. Can a visitor on your site learn something new? Can they see themselves in your message and have you provide the solution? The more value you portray the better your chance of creating the sale.
6. Influence. Sometimes you can persuade people to take action by your stories graphics and messages. The more personal your site becomes the more people will look up to you as the expert.
7. Copy. Sometimes it isn’t the amount of pages that has influence; it’s the copy. Does your copy speak to your audience? Does it motivate them to take action? Don’t be afraid of the long sales letter pages if it’s appropriate for your business.
8. Professionalism. Is your site a sales team? Look at the message your site construes. Would you buy from you?
About the writer: Having and running a Home Base Biz can be fun and very profitable.
Virtual Assistants Welcome Kit – Make A Great First Impression
Many new Virtual Assistants provide their new clients with a “welcome kit” which introduces the client to their business. It is not difficult to put together a welcome kit and will be well worth the time effort and minimal costs to start building your credibility from day one.
What is a Virtual Assistant Welcome kit and should I have one?
Virtual Assistants can send a welcome kit for to their new clients as a way of introducing them to their business and highlighting important information. If you have not created one yet don’t worry because it is never too late.
A virtual assistant welcome kit is a convenient way to present information and important business forms to your client in a professional way. Your kit can be packaged in an inexpensive folder or created in an electronic format to be emailed. How you send your welcome kit is not important yet this simple step can be an easy way to establish credibility and build your reputation as a serious business owner and not simply a home typist. You can choose whichever method you prefer or use both methods depending on the needs of a particular client.
What’s included in a Virtual Assistant Welcome Kit?
Everyone’s virtual assistant business is unique and their kit will be unique as well in regards to factors as the services the Virtual Assistant provides where their clients live and what their target market is. Although everyone is different a typical virtual assistant welcome kit includes similar items.
Here are some common elements of the typical Welcome Kit:
- An Introduction letter printed on your letterhead
Business cards include some extra cards for referrals - Your brochure if you have created one
- Important Business Forms: work contract confidentiality agreement
- United States Virtual Assistants can include a W9 Form with your company information filled out for the client’s convenience if needed later for tax purposes.
- Any promotional material you may have: articles that have been written about your business or that you have written press releases testimonials etc.lt;/ulgt;
Optional Items you may want to include:
What should I write in my welcome letter?
Start by expressing your appreciation for their business and then write a brief introduction of your business and services. You can use this letter as an opportunity to outline your basic policies and work procedures. Even though you will have your policies stated in your contract you can also highlight any important information you want your client to be aware of in your introduction letter. Perhaps include your working hours best times and methods for contacting you and your turn around times.
If you are mailing your welcome kit you may include extra brochures and business cards for your client to hand out to any potential clients they may know.
Keep in mind how powerful referrals are for building your business. People prefer doing business with those they know and a referral from a satisfied client will be your best advertisement. Always have a policy for an incentive for your clients to refer others to your business and make sure your clients are aware of this incentive.
The little time effort and expense you will incur by putting together a professional virtual assistant welcome kit will more than pay for itself. You will make a great first impression with your new client and be off to a great start.
Learn more about a Welcome Kits and becoming a Virtual Assistant visit www.VirtualAssistantsGuide.com.
About the writer: Jan Harris is a veteran administrative professional with over 20 years of experience and currently works at home as a Virtual Assistant. To learn more about starting your own virtual assistant business visit http://www.VirtualAssistantsGuide.com
