By thinkbox How would you like to make money even when you don't go to work? If you're like most online marketers this is probable one of the key reasons you started your online business.
But the key to achieve your dream is in have your work continue to pay... you even when you stop. You need to find a machine that continues to work even when you aren't there. This machine is called residual income.
Residual income means that once you have set the wheels in motion you can continue to collect money - possibly forever - even long after you stop promoting your product or service!
Let's face it. Who wouldn't want to have a business that puts money in your pocket day or night while you're off doing the things you love?
For many enterprising individuals earning a residual income is a real reality. The concept is simple and by understanding the business model that this principle applies to, once you've done the hard work you can then continue to benefit from it for many months to follow.
While writing an ebook or report is one of the most popular methods of creating residual income, you can also create other products such as tutorial videos, software programs or even a physical products.
However if you're not into creating your own products, then the next best method is to promote affiliate services that require monthly fees, such membership sites etc.
This way once you've referred a new referral, you will continue to reap the benefits for as long as they remain a member... without any additional effort!
The same is true if you choose to sell a product that is made and delivered by another company - often called drop shipping.
By creating a sales page that appeals to your audience you can continue to collect profits on the sales of your product or book without having to do the work.
If you have a special knowledge about a particular topic, or if you are skilled at research and writing, you can likely find a topic worth writing about.
If you need to sell with little overhead you can even write a book in PDF format that can be downloaded rather than traditionally printed and shipped to the buyer.
If you choose drop shipping of a physical product, find something you can create an interesting website around. Share lots of information with the prospective buyer and create a professional sales page.
Whichever method you choose, the key is to setup your business so that it is as automated as possible so that once you've set it up you don't have to continue working as hard.
When you combine all this with the proper combination of marketing and interested customers you can create a system that works even when you don't. AL MENDOZA has been doing Internet Marketing since 1998 and earns his living 100% online. Mr. Mendoza has authored several publications and ecourses. He is the CEO of MarketingThinkbox.com
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