It’s great to make commissions on one-time sales and leads but the income can be random and unpredictable. There are a few methods and business models you can use in your business to create regular recurring income. Also referred to as residual income, this is the best type of money you can make become it becomes automatic and you can depend on it on a regular basis. Check out these recurring income ideas to take your internet marketing to the next level…
Residual Affiliate Programs
Did you know that it is possible to promote affiliate programs that will pay you over and over again after the sale has completed? There are many affiliate programs that offer residual earnings, meaning you will get paid on a regular basis for the lifetime of the customer. There are recurring affiliate programs available in just about every niche you can think of and commissions can be very lucrative. Think of services that people need on a monthly basis such as web hosting, financial services, and marketing tools. Make more with the same amount of effort!
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Membership Sites
Another popular way to create recurring income is to build a membership site. You offer users a subscription to your specialized content and this can be in about any niche you can think of. Examples of membership sites include PLR (Private label rights) reselling, training courses, fitness programs, recipes, and more.
Provide a Service
You can provide computer or internet marketing services to clients and collect a recurring paycheck. This works well for offline clients but can be applied to anything you do online as well. Examples include Web hosting or Web maintenance fees, SEO work, AdWords or other PPC services, consulting work, Social Media management, etc.
How to Collect Recurring Payments?
One of the easiest ways to collect recurring payments is with PayPal but there are alternative payment processors that allow you to collect and automatically get paid on a regular basis like 2Checkout, Braintree, ProPay and others.
There are Many More Recurring Income Ideas
This is a small sample of recurring income ideas that hopefully will get the wheels turning for you to discover the benefits or promoting things to generate recurring income streams. Your goal should be to never put all of your eggs in one basket and have as many different income streams as possible and residual income is a big piece of the pie you can depend on when done right.