Tag Archives: how to create a recurring income

How To Create Services That Generate Recurring Revenue

3 Ways To Generate Recurring Revenue In Your Business

Wouldn’t it be great if all your customers paid you regularly, time and time again? Well, businesses that have recurring sales benefit from this process.

Subscription and recurring revenue are hot topics today, and for good reason. Businesses that generate recurring revenue have more value than businesses without, and the coveted Monthly Recurring Revenue (MRR) figure can boost your cash flow and profitability significantly.

Offering ongoing services that generate recurring revenue can add greater depth to your business. This can also unlock additional revenue from each customer. Doing this will help you offer a higher lifetime value for your customers and you’ll ultimately flatten your competition.

There are many examples of recurring revenue businesses. Whether you’re in the realm of consulting services, health and fitness, e-commerce, software, or offline sales, there are ways to fit the subscription component to your business.

Here are 3 ongoing services you can leverage to share your knowledge and generate recurring revenue.

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5 Ways You Can Start A Membership Website

How Do You Start A Membership WebSite?

If your business has got something people want and need, you may want to seriously consider adding other ways that will generate extra revenue for you. When you start a membership website it means that part of your website content is ‘gated’ where only members who subscribe to your service can access the content you’ve placed behind the gates.

A “gate” is simply a barrier you build into your website using a plugin. Once you’ve got that barrier in place, members can log in and access exclusive content, such as eBooks, webinars, online courses, and podcasts. You can also provide special offers, and create a community for your members to communicate and interact with other members and directly with you.

But before you start a membership website for your business, you need to decide which model will best serve your needs and goals. Here are 5 ideas for creating a website with membership and user login.

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7 Ideas To Generate Passive Income For Your Business

How Can You Generate Passive Income?

Passive income is a form of income that you can earn without having to work and work for it. Rather than continuously working in order to keep the income stream consistent, when you generate passive income, you do the work once and then earn money from that work without having to do anything else.

However, some people are a little dubious when it comes to passive income, and question whether it really exists. It’s easy not to have much trust in passive income when you don’t know of the ways it can be generated.

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Is There Such A Thing As A Passive Income Stream?

How To Create A Passive Income Stream

Passive income is a popular term right now, and it includes a wide range of income streams from rental properties, membership services, book or ebook sales, and more. Passive income is real, but the term “passive income” can be misleading because there’s nothing passive about building a passive income stream.

Everywhere you turn online when seeking information about earning money online or building your wealth, you hear about passive income and how it’s the ultimate goal for someone wanting to build their wealth. While it is a great way to build your wealth if done correctly, it has proven to be a source of frustration for those seeking an easy way to earn more money.

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4 Software Options To Build A Membership Website In WordPress

How To Build A Membership Website

As you build your online business, one of the ways to stop an inconsistent income flow from getting in the way of your success is to start a continuity plan. A great way to get monthly continuity income is to build a membership website. A membership website means that the public is blocked from the content available only to members who pay a fee to access the membership area.

When you build a membership site, you’ll need some sort of software to not only create the member’s area of your site, but to manage subscriptions, send emails (if not using a third-party autoresponder), collect payments and deliver purchased content.

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Top 3 Ways To Boost Your Affiliate Marketing Business

Achieve Success With Internet Affiliate Marketing

One of the easiest ways of launching into the online business world is with an affiliate Internet Affiliate Marketing marketing business. This is where you sell other people’s products and services and earn a commission on everything you sell.

The beauty of internet affiliate marketing is that you don’t have to worry about product creation, payment systems, or holding any stock as the product owner takes care of all of these issues. Your job is to find the right products and the right customers to buy them .

Assuming you are already have an affiliate marketing business, what would be the next thing you would want to do? Double, or even triple, your commissions, right? How do you do that?

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3 Ways To Build An Online Passive Income Business

Building A Passive Income Business

The basic principle for a passive income business is that you do the work once and then thatPassive Income Business work is repeated on autopilot for you, generating income month in, month out. Passive income is also referred to as a residual or recurring income. And there is no better place for passive income business models than with an online business.

Many successful online marketers know that the secret to long-term success is generating consistent income each month. With an online passive income business you will receive a monthly payment for as long as the buyer uses the product or service and this can amount to a significant income in the long run.

There are traditional ‘offline’ passive income business models that you will recognise. For example, rental from a property, royalties on an invention or an insurance agent who gets commission every year when a customer renews his policy. So how can you you implement online passive income into your business?

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Passive Income Online

How To Make A Passive Income Online

How To Make A Passive Income Online

One of the greatest benefits of an internet business is to be able to generate a passive Passive Income Onlineincome 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.

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Here’s some of things it will do for you:

  • Give you simple, step-by-step instructions showing you exactly how to start making money online.
  • Provide you with eight powerful potential income streams (and growing) including residual income.
  • Give you a state of the-art marketing system which includes your own website, a pre-written email series, practical videos and reports, sales funnels and even a call centre to close sales for you.
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How To Earn Extra Money Working From Home

How To Earn Extra Money Working From Home

Are you earning enough from your regular job?Earn Extra Money Working From Home

The current economy is putting a lot of financial pressure on those people who have always relied on one income from one job. Now, with wage freezes, shorter working hours and even pay reductions many people are looking at ways to earn extra money working from home.

The internet has helped many home based business entrepreneurs to not only earn extra money working from home but also enabled many to actually give up their day job and earn more with their online business.

How To Make Money Working from Home

One of the most popular online business models to earn extra money working from home  is with affiliate marketing.  This is when you are rewarded for promoting a product or service of an online business. You get paid a commission when you refer somebody to the product or service and they then buy it.

One of the most lucrative aspects of affiliate marketing is in being able to make money working from home without a product of your own. Ideally, you must have a webpage where you can place advertisements and links that can help market products or reroute customers to the seller’s webpage. Your online income depends on the commissions that you earn when you sell a product or service on behalf of a another seller.

Which affiliate marketing program is best to earn extra money from home?

It is your decision to select which affiliate program you’re going to promote. You’ll be able to choose between pay per click, pay per sale, and pay per lead programs.

  • In pay per click, you will bring in a commission every time an individual follows, or clicks, the ads you have on your website.
  • In pay per sale, you are given a percentage each time a purchase happens.
  • In pay per lead, you will receive a payment whenever a future customer is redirected from your webpage to the webpage of the owner.

It is very important to decide on a company or a merchant that provides reasonable commissions for your efforts. When you start to earn extra money working from home your online income can quickly increase if the company or the merchant tracks consumers for multiple sales and also features multiple tiers. Therefore, you are able earn recurring commissions and will even receive a percentage any time each of your affiliates creates a sale. Also, choose an affiliate program that offers more than one product.

Other online methods to make money working from home

Another method to earn extra money working from home is to supply information to websites. You can publish product critiques, how-to articles, etc. Article writing is pretty easy. You simple need to have the expertise and the sources. Investigate your topics well and write down what you find.  Article websites are favoured by search engines and your articles position you as an expert in your field. The ‘resource’ box at the end of an article can be used to encourage readers to visit your website.

It’s also possible to earn extra money working from home with blogging. Keeping a blog site is easier than writing for different websites. You don’t need to focus on a selected theme. You can actually write anything you want. Additionally, there are no deadlines. All you need to accomplish is to monetize your blog by means of ads, revise it every so often, and find ways to draw in more traffic.

In the beginning, you may find that trying to earn extra money working from home is hard work. However, you should not give up as it takes time to develop an online income before you start to see results.

The next step to Earn Extra Money Working From Home

A lot of budding entrepreneurs who want to earn extra money working from home with an online business get completely overwhelmed with all the jargon and seemingly endless list of tasks and things that you need to do to get a home business actually working and generating income.

To earn extra money working from home you need a solid business model, clear direction, training and determination. The Six Figure Mentors program teaches you how to work from home successfully and provides the following:

  • Powerful potential money generating income streams with quality affiliate products, residual income streams, and high ticket items.
  • Simple, step-by-step instructions showing exactly how to earn extra money working from home
  • A state of the art marketing system which includes your own blogging platform, a pre-written email series, practical videos and reports, sales funnels and even a call centre to close sales for you.
  • Cutting edge marketing training teaching you how to work from home and build your business plus you’ll have access to an interactive global community where there are always other affiliate entrepreneurs online to help you.

To find out more about how to set up a part time online marketing business so that you can start to earn extra money working from home, check out this free online work from home bootcamp video course.

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How to generate a recurring income

How to earn recurring income for your online business

One of the daily challenges of running a business is ensuring that you have sufficient cash flow coming into the business each day, week, month, year.

And we all know how hard that is in the current economic climate.

There are businesses that have a ‘recurring or passive income’ model. Passive income is an income received on a regular basis, with little effort required to maintain it.

For example, this could be rentals received from a property, royalties from publishing a book or income from a license for an intellectual property (such as computer software product). But, is this little effort? You still need to ensure that your customers, who pay on a regular basis remain satisfied with your product or service or they will go elsewhere and stop paying you.

Have you ever been caught in a contract that you want to get out from but you are unable to cancel due to financial penalties?  I have. You know what it is like — you endure the rest of the contract and when that renewal date comes along, you move as quickly as you can to get out of the contract and resolve never to go back.

There is nothing worse than paying for something on a regular basis that you feel does not provide value for money or high levels of customer service and that you cannot escape from — or if you do, will cost you dearly.

One of the secrets to a successful online business is to generate an ongoing income. This is known as residual or recurring income. This means you earn income every month without having to do loads of work. Sounds great, but how?

This can be done by simply referring people to a membership website or a recurring billing programme (eg website hosting).

But, the customer still has to remain happy! As long as they are happy, they will stay and they will pay.

This is why the Six Figure Mentor system works so well.

There is absolutely no tie in or contract, so you can stay as long as you want. In addition to getting paid for every referral you introduce (this could be anything from $10 — $1000 per sale) you also get paid every month that your referral remains a member.

And members do stay! There is more training than any other course I have ever come across, plus website building tools, graphic creators, viral report generators and a whole lot more to help you get off to a fast start. It also includes services for like web hosting. It also includes personal support from the actual owners and other successful members.