You hear a lot about a residual income business opportunity, especially online. But what are these wonderful make money opportunities and how do you find them?
One of the best type of residual income business opportunity around is affiliate marketing. Affiliate marketing is a commission based business where you refer people to an offer.
When someone makes a purchase from a site that you refer them to you can earn a commission.
There are all types of things that you can promote as an affiliate. Some of the products you can promote are digital products.
Digital products can be downloaded instantly when someone makes a purchase. They can be things like e books or software products.
You can also sign up to become an affiliate with many places that also sell physical products. Places like Amazon.com along with many others offer affiliate programs.
These programs work the same way as a digital affiliate program. If you refer someone to a certain web site and they make a purchase, you receive a commission.
Why are these such great options for residual income? Because they are easy to start.
You can start an affiliate marketing business with very little money, usually less than $100.
Another great advantage to this type of business is that you don't need to stock any products, you don't have to deal with refunds and returns and you don't have to provide customer service.
All of that is provided by the company you sign up with to become an affiliate.
To get the residual income you have to find programs where you can refer a product that has a recurring billing cycle.
For example, if you become an affiliate for a membership site, you can earn residual income over and over again.
If someone signs up with this type of site you can receive a commission every single month for as long as they stay a member.
You do the work once and you can get paid over and over again. That is what makes residual income such a powerful business model.
As an affiliate, you will want to set up a website that offers information on the products you are promoting (this is where the initial money will come in to play).
Once people visit your site the idea is to provide them with more information and a link to the vendors site where they can make a purchase.
When you do this, you can drive traffic to that site. Eventually, you can do very little additional work yet still make regular commission checks.
While you will still have to do some work, you won't have to do very much additional work to make more money.
And, if you have promoted membership type sites exclusively, you may not have to do any more work at all.
If you have enough sales and those people stay signed up at the membership sites, you may have enough monthly income so that you don't have to do anything else.
So, you really can find a residual income business opportunity online. There are many of them to be found, it's a great way to set up your business.