With the advent of the global financial meltdown many people worldwide are being faced with the horrific reality of losing their full-time job.
As a result many people are turning to the internet as an alternative way of making a sustainable & satisfactory income! One sure way of making a living online is by establishing a viable stream of residual income which will pay you more than a full-time day job can.
The big question however is 'how would someone make a top residual income online from the comfort of their home'? First of all residual income simply explained refers to recurring income that you can make for a life time by virtual of you being a one-time customer or affiliating yourself to a certain program.
For instance, let's assume that you join a certain online affiliate program that sales eBooks - While most affiliate programs are free, there are a few that will require you to pay a one time fee before you can start referring people to signup to that site.
The rationale behind this system is that for each new member you refer who successfully signs-up at the site, you will get a commission that will be credited to your account.
Once this new affiliate who signed-up under you also manages to successfully signup another person under them, then you also get a commission for that new affiliate as well.
All these people who signup below you are known as your DOWNLINE! The end result is that you have a chain of affiliates under you who will continuously be making you a commission for a life-time regardless of whether you are active in the chain or not - For example, you might pay $10 to signup as an affiliate to a certain site that sells say weight loss DVD's.
You might then manage to refer 10 new people to this site who then sign up below you.
This means that you will get a percentage from each new member's signup fee PLUS a percentage from each sale they make..
And the process replicates itself for every new signup which any member of your down-line brings on board.
Residual income is very lucrative & easy to generate regardless of your marketing knowledge.
Below are two of the most lucrative residual income streams which will get you up and running in no time: 1.
Joining Affiliate Programs ~ Join an affiliate program and promote their products.
You will get a commission for every sale you make plus a commission for every sale made by an affiliate you referred or a member of your downline! The best Affiliate program to join would be SFI as it is proven & trustworthy.
Create your own information product for sale ~ you can also create your own product such as an eBook or electronic item and sale it.
You don't necessarily have to promote the product yourself as this can be done be affiliates who will be getting a commission for each sale they make.
The best place to promote your own product would be on ClickBank! So there you go! Time for facing fierce Bosses or leaving your lovely kids behind is long gone.
You can now earn TOP BUCKS from the comfort of your home by using these TWO TOP RESIDUAL INCOME STREAMS.
Change your lifestyle today for a better life tomorrow!