Sunday, June 14, 2009

Easy Ways To Build Passive Residual Income Online

By Barney Z. Quittello

If you're looking for a way to generate money with as little work as possible, then you're looking for affiliate programs with passive residual income. Residual income pays you month after month for each person you refer. Refer a hundred people and you'll get a percentage of those 100 sales month after month. Imagine how much money you'd have coming in if you signed up several thousand people! There are many people out there who do sign up hundreds of people each month. Their wealth increases every month when those people go out and sign up more people. It's like your very own sales force!

If passive residual income is your goal, then you need to locate programs that pay recurring commissions on each sale. This is the quickest way of building pass residual income.

Affiliate programs that pay recurring commissions generally fall into either subscription based websites or Membership sites that charge a monthly fee. Some Internet based software also charge monthly fees and pay recurring commissions.

The way passive residual income works with affiliate programs is like this. Let's say you have an affiliate link on your site to a online software company and you make a sale. This software requires users to sign up as members in order to use their software every month.

Unlike the traditional affiliate commission rate schedule that only pays you once, with recurring affiliate commissions you pay you a percentage of the monthly fee for as long as your referral remains a subscriber. If they keep renewing their membership for 3 years, you get paid a percentage of that monthly fee for three years.

Affiliate programs that pay recurring commissions are just about the only sure fire hands off money generating systems on the Internet. That's why they're so popular with so many people. The more people you sign up under a program that pays recurring affiliate commissions, the more money you'll make each month. If the program has tiers, then you'll get paid some of their fees as well!

As an added bonus, some recurring affiliate programs will pay several layers deep, called tiers. Let's say that user you signed up also goes out and signs people up to the program. Now not only do you get a percentage of that users monthly fee, but you get a percentage of the monthly fee of the people they signed up as well. Not bad for making just one affiliate sale!

As you can see, by signing up just a few people each month, you can gradually build up a passive residual income program that will keep you going to the bank each month. This is why so many work hard building referrals. They know that the work the do now will continue to pay them back for a long time to come. - 22871

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