I firmly believe the recurring income model is the best way to build up your residual online income stream. I learned this very quickly when I was just getting started online and to this day, I continue to focus on this model.
I am talking about doing a promotion for a product or service where you will receive ongoing commissions for as long as someone remains an active member.
There are many products and services that require a monthly fee for continued service. Some of these include membership sites, teleseminar services, shopping carts, and programs where we are billed monthly.
Just take a look at your latest credit card statement to see which ones you are being billed for each month.
Now imagine if you were able to recommend these same services to others in return for a healthy commission.
I will use the shopping cart service as an example. Everyone doing business on the Internet needs a shopping cart of some kind. This service can be paid for either monthly or annually and the companies that provide it are happy to pay commissions for the life of the new customer.
Your goal is to bring new people in to a service you already know and use so that you can build up your commissions over time. You will recommend it to someone once and be paid for as long as that person remains a customer.
You can recommend these types of service in a variety of ways. I like to start with a short report that gives some information on the service and goes into more detail as to how it works and why someone would want to choose this service over another one that is similar.
Many times the company even has material prepared that you will be able to use in your report. Always give credit to the person or group that prepared this information to respect the copyright laws.
Be sure to include your affiliate link in the report and explain to your readers that this means you will be receiving a commission should they decide to purchase.
Now it’s time to distribute this report widely. Give a downloadable copy to everyone you can possibly reach to teach them the value of using this particular shopping cart over another.
Another method I use is to teach people how to use the product or service, in this case the shopping cart, by hosting regular calls where I can answer their questions. Record the calls and give them out to anyone new who signs up through your affiliate link.
Your residual income stream will grow over time as you build your business using this model.