Do you know what makes you successful? It’s you! Seriously, if you want to change your life, you have to ACT. Get off the fence and actually begin taking the steps toward your financial goals. Sure, you may have to break out of that comfort zone, but unless you change something today, you’ll get what you have always got!
The same is with passive monthly residual income; you have to start somewhere to get where you want. With this mindset, we are giving you the following streams of residual income you can build to enjoy financial success.
Affiliate Marketing for Residual Income
Affiliate Marketing in layman terms is connecting the customer with a wanted or needed product. The affiliate marketer holds responsibility for connecting clients to merchants. With a simple website with a user-friendly interface, some engaging and unique content, you can drive website visitors to YOUR sales pages that are keyed with your affiliate code and gain recurring residual income. It’s all done through a trust.
It can be build-using Pay Per Click (PPC) advertising or “organic” searches with Google, Yahoo and Bing via content written to praise the high points of the product. Posting about it on forums with a good website also does the trick. However, you need a good website first and foremost.
A good website demands a reliable platform. This is where my Wealthy Affiliate Review comes in. This platform allows you to build your website in the most time-saving and professional approach. Even with the FREE membership, you can begin earning monthly recurring revenue right away.
Create an Email Marketing Campaign
An email marketing campaign is not as difficult as it sounds! Email marketing is still one of the most effective means with which to drive traffic to your affiliate sales pages. Also, this will help you appeal to a bigger audience. It is done via regular newsletter or autoresponder (time-based email series) about your service or the product you offer. You can also offer some free advice on marketing or tips of the business. You can offer a sneak peak to the whole product to generate traffic. Additionally, you can learn to create a “sales funnel” that provides value-added products combined with a possible sales pitch.
This will spark the interest of the audience, while explaining the importance of your product. You can also offer some advice about how to use the product or tips on doing business with it. While you are at it, you have to be brief but remain constant.
Keep in touch your contacts from time to time and keep them updated. Also, with an email marketing campaign, you are branding yourself and creating authority as well. If you take care of email list, this will add so much value to your blog. If you need, offer some free advice to improve your scope. A free product now and then will also help maintain interest and drive retention. Building relationships with email marketing is a huge way to gain trust and long-term customers!
Create a Membership Community
Your affiliates won’t work for you if you don’t have a valuable member community. Many sources can help you with this. There are sevearl large affiliate networks you can join to help you find merchants that will continue to pay month after month. However, to learn the ins and outs of building that first website and joining an affiliate network, I highly encourage you to obtain your Entreprenuer Certification. This certification will help arm you with the power and knowledge to join the right affiliate networks and talk to six-figure earnings that are doing it today.
Your Entreprenuer Certification will not only provide you with the basic of affiliate marketing, but also give you access to live support, content marketing and promotions. With your new professional website, you’ll need to discover the several current method for driving website traffic (visitors or possible clients) to the sales pages on your website. There are a myriad of methods for driving website traffic.
Later, you can also market your expertise via ebooks, PDFs, podcasts, live sessions or even guest blogging on other websites. You can also try to sell some subscriptions to them. You can form a club or membership community of your own. This will only help you to promote your product, build authority, professional branding and increase your sales. Remember, your interaction with your customers will help build up the community; that and some word of mouth. So just rest on your laurels, see how far you can take it. Discover your full potential!
The Arbitrage Factor
As I mentioned, although not totally required, you’ll first need to build that initial website. It can be anything you’re passionate about. You can write articles about products you wish to sell in your chosen niche or buy a product, review it and perhaps even re-sell it for a higher price. This is what arbitrage is all about.
You can also offer some website related service and make your website your portfolio. This is a low-risk approach, and it will cost you nothing.
You can join Wealthy Affiliate for free and kick the tires, learn the basics and ask all the questions you wish. No credit card needed and you can build your first two websites absolutely free. Just about every other business opportunity out there will charge you upfront and simply leave you with nothing in your pocket and a lot of disappointment.
Customer Referrals
This is yet another way of improving your audience. Besides, you can also earn a good passive income if you refer some customers to a well-established brand. You can use your website to promote the company or brand you are referring to. These efforts can be combined with some things. These are named as below:
- E-Books
- Seminars (Webinars)
- Content Marketing
- Reviews
- Testimonials
You have to build your own newsletter in the same way. The only difference is you are directing the traffic to a third party business. Speaking of building a website, you can refer to WA for a cost-free solution.
What else You Need to Know to Create Residual Income
These are a few ways Wealthy Affiliate can help you to establish your business. However, to help you get started, we are giving you the following pointers to think upon:
Prepare yourself for a Time Upfront
There is nothing as an overnight success. You have to put in a lot of effort. For instance, Angry Birds was an overnight sensation, but the developers introduced 50 games before it. Besides, it will take out some time to build an audience for your website. You have to be patient and consistent.
Don’t Think It’s a One Time Effort
There may be something like one-time investment, but there is certainly not a thing as a one-time effort. You have to repeat your efforts time to time, to maintain what you already built. If you heard something like “overnight” one-hundred percent passive income, you most certainly didn’t hear it from Wealthy Affiliate. By the way, you should drop that idea, because it’s only going to end in heartache or extreme frustration. Believe me, I’ve been there many times in the past.
You can’t just sit around and watch your wealth grow. It never works like that. If it did, Bill Gates and Steve Jobs would never have to introduce new products. Yes, do you see how big brands work, they introduce a new product now and then.
So inspire yourself and continue your efforts. If you act like a couch potato. You might as well ruin whatever you built in all those years.
Drop by and Discover the Roadmap to True Financial Freedom via Monthly Residual Income
We firmly believe anyone can be successful! You simply have to be calm, smart, and persistent! Don’t forget to add patient and dedication in the mix. With that belief, we have brought you the pointers mentioned above and the best platform that has brought success to many. If you think we missed something or should have added something else, do let us know.
