How To Make A Passive Income Online
One of the greatest benefits of an internet business is to be able to generate a passive income online. Passive income online is also referred to as residual or recurring income.
They all mean the same thing which is doing the work once and then getting paid for it time and time again.
There is nothing more satisfying when you have a residual income online business and you check your email inbox to see that you have made money while you were asleep or while you were away on holiday. And, an even better feeling is knowing that it is going to happen again and again.
The basic principle for earning passive income online is that you do the work once and then that work is repeated on autopilot for you, generating income month in, month out.
So, how do you build a residual income online business?
Well the first and most obvious answer is to find and promote online residual income opportunities.
A recurring income affiliate program will repeatedly charge a customer on a regular basis. These can include products or services like software licenses, subscriptions, membership sites and newsletters. Although the initial upfront affiliate commission may be less than a one-off product sale, you will generate income from the recurring income product sale every month, and that soon adds up.
You can find a large selection of products where you can make residual income online at Clickbank, the online marketplace. Many successful online marketers know that the secret to long-term success in online marketing is generating consistent commissions each month.
Depending on how long the customer subscribes to the product, and how frequently they are billed, this means that you as an affiliate marketer could earn regular commissions for months or years at a time! To find recurring income products on Clickbank, log into your account (if you don’t have an account, they are free to set up) and click on Marketplace. Select the Category of product you want to promote and then select ‘Recurring Billing’ from the Product Type dropdown menu and click Go.
Get An Autoreponder
You can generate passive income online with an autorepsonder and a good sales funnel. An autoresponder is a piece of software that works for you continuously. You set up a series of messages once and then any person who opts into your list, no matter when they do it or where they live, receives that entire series of messages automatically.
Your sales funnel is the process a person goes through to buy your product or service. On average , a person needs to see about seven messages before they buy. This is where your autoresponder works for you by emailing your sales funnel messages, which in turn convert prospects into sales.
Automate Your Traffic
As an online marketer, you can generate recurring income online by automating the traffic to your website. Pay-per-click is a great way to generate automated traffic. You create an effective campaign with targeted keywords and then let it run. With PPC you can set the limits on how many clicks you want and how much you spend over what period.
You can also create a similar automatic marketing campaign with ezine advertising. Once you have an advertisement and an ezine that provides you results, place a standing order with the publisher and let your advertisement and the publisher do the work for you.
Having a steady stream of earnings allows you to explore new niches and regularly test new products and promotional techniques to see what works best for you. For this reason, promoting passive income products can be a path to long term income for many online marketers.
How To Make A Passive Income Online
Setting up and earning a passive income online from your own internet business can seem like a tricky and complicated process. To learn how you can quickly and easily start to make residual income online from your own online business without, any previous training, knowledge or even your own products to sell, here is a free 7 Day Marketing Bootcamp to get you started.