What is a residual income ?

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Definition of a residual income

business-world-affiliateThe definition of a residual income is something that is quite easy to explain, think of it, you do the job once and get paid for the same job several times, each and every time someone need what you have created. For example if you write an ebook, you only write it once, but every time someone wants it or download your book, you will get paid for now and forever, that is residual income.
So if you have something that people want to have or as in this example want to learn, then you can create an residual income, there is many ways to do that, but you need some guidelines on how to do it, that will save YOU a ton of money. I will share one way to do it with you here today, if you follow this steps and do the same as i did, YOU will have success.

What is an internet business

First what is an internet business ? That is a business model that is designed and categorized as business to consumer, from a business to another business and at last but not at least consumer to consumer. This involves sale of goods, services, information to help the visitors to make a purchase desicion or to provide consumer to consumer with information or product exchanges. To day i want to talk about affiliate programs, which alsoe is an internet business. Affiliate programs offer products and services that a visitor will most likely be interested in purchasing and that is where there is room for beeing an affilate. An affiliate normally recommends / reviews products and services and make a small fee from that recommendation. Which alsoe makes it a residual income as explained above.

What is a good business to start

This is what i found when I was searching the internet for a good business to start with ,Wealthy Affiliate University, an online business community and a online marketing training center. Theinternet-business best part of all, it was free to take a look inside and even free training all ineeded to do was to sign in for a free starter membership, so that I could check out the quality of the training and see for my self what Wealthy Affiliate is. Enough of that, you can take a free look for yourself if you want to save money and check if Wealthy Affiliate is something for you. However what i want to talk about in this article is the great opportunity to start a good business, within Wealthy Affiliate. They have their own affiliate program, and not just that the commisions are very fortunate, you can easily make your self a steady residual income only with that Wealthy Affiliate affiliate program, there is alsoe an extensive training program dedicated to WA Affililiates, if you follow that program and follow the steps that is described, you will make money eventually, but don’t think you can do that overnight, it takes a lot of effort a goal targeted work. Wealthy Affiliate is worth it and remember all you learn inside Wealthy Afiiliate is suited for any internet business, ok that’s it, there is no doubth in my mind that Wealthy Affiliate Program is a good business to start with.

What is a small business plan

You will need a small business plan and there is a few steps that need to be included in that plan
  1. You have to find a niche where you have something to offer to people that need that something.
  2. You need to have a easy to use website.
  3. You have to write quality articles to put on that website,
  4. You must use search engine tools, keyword tools to drive traffic to your site.
  5. You must use social media, to increase your traffic.
  6. You must establish a brand for your niche and website.

This sounds complicated and it can be, but with the Wealthy Affilate Community watching your back, it is not as overwhelming as it sounds, step by step you will learn how to master online marketing, it will not make you rich overnight, earn you millions like magic but you will learn how to establish a solid internet residual income over years. Just a small thought, most of us is willing to work for a boss for 40 years and still don’t get anymore money than we spend..if you work for a year with building up your online residual income and do it well, you will earn more and more for every year to come.

What is the best way to make money online

When people ask me what is the best way to make money onlinedollar, I tell them you need to have a plan divided into steps, know how to drive traffic to your site, know how to build a website and a whole s… more, but dont’t worry go to Wealthy Affiliate sign up and they will provide you with the best marketing tools , all the know how, so what is left for you to do is to stick to your plan and start making money online.

This is some of the tools you get with a FREE starter membership at Wealthy Affiliate

  • There is already a plan of action laid out for you
  • Training is available in all levels, either you are a beginner or advanced marketer
  • Video training lessons, step by step tutorials
  • 10.000’s of active community members
  • Interactive classrooms, with step by step tasks you need to complete
  • Live chat and forums where you will get help from other members, yes even from the owners
  • You will get two free Easy to build websites from Siterubix, and a training in how to set them up
  • State of the art website and domain hosting.
  • We all hate spam, so environment is strictly kept spamfree inside the Wealthy Affiliate environment.

Yes this is all Completely Free if you sign up for a Free Starter Membership

wealthy-affiliate-membership-grid

 

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4 thoughts on “What is a residual income ?

  • May 10, 2016 at 12:41 pm
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    Sounds like a good step by step plan. I like products that let me try it before I decide to buy it.

    In fact I will not buy unless they do have a free trial. After the free seven days how much will it cost to continue? Is it the $47?

    I have often though about an internet business and have tried before but never made any money. How long does it take to get a profitable business going?

    My concern is being taken advantage of online. I like the seven free days though. This gives me a good chance to see what I am getting into.

    Will I need to buy other things once I get there? What is the total cost of this before I can make enough to pay the membership?

    Sorry about all the questions. Thanks

    Reply
    • May 10, 2016 at 1:12 pm
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      Hi, thanks for the comment, and first of all questions is not an issue, and i will try to answer them one by one to help you understand.

      There is two memberships it starts with the Free membership and the next one is Premium, however if you upgrade from the free membership witin the seven days, you will get the first month for $19. Then the next and following months it will be 47$ which is a fair price i think for all the tools you get there. You can alsoe upgrade to yearly membership and then you will save 36% off the monthly price.

      How long it will take to get a profitable business, who can say? I surely do not want to promise you to be rich overnight, but with the learning assets inside WA, if you commit your self, then you are going to make money online and for years. It is my best answer to that question, in the end it depends individually on the person.

      No, you have all the tools you need, when you upgrade to Premium membership, There is some optional choices to upgrade a few of the tools, but you have what you need, they are all included in the membership.

      Regards Roy

      Reply
  • May 10, 2016 at 12:42 pm
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    Thanks, this is a great explanation of residual income.
    I’ve been blogging for a while now and I enjoy it. I love the lifestyle.
    I soon want to start writing eBooks about my life as a recovering drug addict and alcoholic and I also want to produce some course for online marketing…. the only problem I have is time!

    Your article is great information for anyone wanting to earn a residual income to get them started.

    Reply
    • May 10, 2016 at 1:19 pm
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      Thank you for sharing your thoughts with me, and congratulation coming out of your struggle in life, i truly respect and admire anyone who has the strenght to recover like you, and I wish you all the best. I like to answer your concern, it looks to me that you already have a blog and your traffic is already there, you can easily include Wealthy Affiliate program there and start earning some money, let me know if i can help you.

      Reply

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