You can build residual income businesses by doing a lot of upfront work and then reaping the rewards with monthly autopilot income. This concept, also known as passive income, is one that you should definitely incorporate into your life. A popular way nowadays to create residual income businesses is through affiliate marketing. Very often, people do not think about affiliate marketing as a residual income source.
I had to smile. She hasn’t ever followed any of what I suggest internet business mastery, except that she builds websites and writes eBooks. Her niches cover everything from cleaning house, to gardening, to raising children, but she’s never focused on selling more than one item to any niche.
The best way to build residual income businesses from the 2 tier method is to create a downline of super affiliates underneath you. Over time, once you gain many of these super affiliates in your downline, your business will run automatically with very little attention required on your behalf. Keep developing websites that earn monthly autopilot income. There are many successful marketers who earn a large monthly income on websites that they never even look at anymore. These are affiliate residual income businesses in which they spent a lot of upfront work to set them up and they now just reap the rewards.
She stood there waiting for me to give her a bigger secret, but that was it. If you’re constantly building more than one niche, you have to build more than one product into each niche. You can’t market to a single person, a single item, and have income next week. They’re done buying.
I have several niches, but I only market products within one niche. My home schoolers aren’t really interested in Advertizing Online, and my Marketing Clients don’t usually worry much about who’s planting which Prize Winning rose this week. Because those are all activities I’m involved in, I cover all of them, and I occasionally introduce my marketing group to something I offer in another realm, but if they don’t bite, I don’t continue to force it at them.
Find a niche, get deeply involved in promoting that niche, and develop products in your niche to make more money.