The term recurring income has become a word of joy for many internet marketers. It is in fact a goal for most people who are currently seeking for the way out of the rat race and also for those who are still seeking for financial freedom. To many, a recurring income or passive income is their key to be free because you can work one time and get paid over and over again. It is not a big wonder then as to why so many people wish to look for ways to earn money with a recurring income stream or two.
Fundamentally, to earn a recurring income you need to be trying to find program out there that charge money monthly and then promote it. If the program lets you choose between a huge one-time fee over a recurring income then you should ask about the program’s stick rate. A stick rate is nothing but the average amount of months your leads would stay as a paying member. The longer the stick rate the better it is to take up on the recurring offer instead of a one-time payment. Not all offers are created equal while some program will have a great stick rate and some will only last a few months.
This definitely has something to do with the power of your offer and product. A product that people use every single month will be more likely to have a higher stick rate and the product that people will rarely use will likely have a lower stick rate. Of course you can earn a recurring income by selling your own products as well instead of using an affiliate program. It’s all up to you and your own preferences. The more you work on this, the more you will understand the passive income world. One thing that we’ve got to point out is that it is hard to find a program that charges a huge recurring fee and has a good conversion rate or a stick rate. In fact, you will find that most recurring income is of lower tier fees but and it will still be hard to get a good conversion rate unless the product is really useful.
The key here is to have a lot of paying members that pay you a fee, make sure they are satisfied so they stick around for a long time and also make sure that the product itself is of absolute quality. Here are some of the ways to make a recurring income on the internet.
Get People To Sign Up For Membership Programs.
Selling memberships to people is a great way to earn an online income. However, you need to make sure that your members will get what they want and more in order to keep them as a member. Your membership must produce quality content that will keep them subscribed for a long time. While the idea is to work very little and get paid over and over again, you will find yourself consistently working to get more leads and provide the best content or services to your subscribers. This then gives birth to a new question, how is this going to earn your freedom.
The key here is outsourcing. When you are making a good income, you need to reinvest that money into the people who are going to work for you so that you don’t have to. It is a cost, but you can get back your freedom and that speaks volumes. Besides, as your members grow, so will your income so it only makes sense to how you should outsource your work to people who are good at it while you enjoy all the money. This is definitely a perfect example of the famous phrases that goes … ‘Let your money work for you!’.
Start a Forum.
Many people do not know this, but some of the biggest earners in the internet marketing world today are successful forum owners. Take the warrior forum as an example, the owner has earned a lot of money every single day just running the forum and providing people with a way to advertise. It is definitely a tremendous way to earn money. Is it mainstream internet marketing technique? It’s not. Is it a popular way to earn money? It’s not.
However one thing is for sure, the owner is earning so much money it’s unbelievable. And he is doing it with one eye closed which means it is in fact really easy money for him since the forum is now a big hit. All he has to do now is to make sure that the forum is strict and that he protects the interests of the people in the forum and he won’t ever have to worry about money ever again (and so will his sons and grandsons). The lesson here? If you can get past the initial hurdle of getting the forum into a place to hang out, then you are in for a real treat… try financial freedom for size!
Subscription based Affiliate program.
Stop right now and think about it, what is it that every marketer needs and needs it for almost the entire lifetime as a marketer? Any answers yet? Well… let me tell you just a few of these golden affiliate programs that you should go after.
The first one would undoubtedly be hosting. The next are domain name. The next reigning king would be autoresponders. See the connections here? There are all something that internet marketers would need and buy so why not let them pay you to use them? That’s right become an affiliate for these programs and make sure they will pay you a recurring fee instead of a one-time Signup fee. Selling something that everyone will buy anyway isn’t so hard. The hard part is how to actually win over your competitors and mind you, we are talking about hot areas where that is a lot of vicious competition.
All the challenge here only means that the winner will taste a sweet victory passive income so why not consider taking the chance to earn money in this area. Your income will grow exponentially and you will definitely be paid over and over again. It will be a tremendous feeling indeed.
Originally posted 2013-09-11 05:16:34.