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ONLINE BUSINESS HELP

Would You Rather Earn $10 Per Hour or Work Once and Get Paid Forever
By: Developer Shed
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    2004-01-27

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    Would You Rather Earn $10 Per Hour or Work Once and Get Paid Forever
    by Terry Dean

    Most people have had it ingrained in their mind that you should
    be paid per hour of work. You work an hour. You get paid.
    You work 40 hours and you get paid for that 40 hours.

    This type of earnings is called linear income. If you get a
    raise, you get paid more per hour. If you go to college and
    get a degree, your income is increased again.

    You may be earning $30 an hour instead of $6, but it is still
    only linear income.

    A complete change comes in your mindset once you start earning
    residual income.

    Residual income is when you do the work once and continue to
    earn profits on it month after month. It could also be when you
    make a sale once and continue to profit from it over and over
    again.

    It is passive, recurring income that comes to you every month.

    Think about it for a moment.

    Working on an hourly wage is the hardest way in the world to
    become wealthy. Yet, most people have been brainwashed into
    this trap.

    It isn't about your dollar per hour wage. It's all about
    leverage and residual profits.

    Billion dollar CEO's aren't wealthy just from their huge
    incomes. It's from their stock plans and profit sharing.

    Musicians and movie producers leverage their talents to receive
    royalties.

    Stock investors leverage their money into yearly percentage
    increases in stock prices.

    None of these people are paid per hour.

    They're paid residual incomes which can continue long after the
    initial work is done.

    Every online business person needs to apply this principle to
    start earning residual incomes.

    Here are a few of the ways you could be earning residual
    profits in your business:

    1. Your Own Membership Site - If you run a monthly membership
    site, you can receive income every month from your customers
    without constantly having to resell to them.

    2. eBooks - One of the reasons many people write ebooks is to
    setup completely automated system through Clickbank.com or
    other processors. And you can even insert links to other
    products so you receive residual backend profits.

    3. Share of Profits - Many top-notch consultants and
    copywriters charge a base fee plus a percentage of profits.
    They do this to get out of the per hour mentality and it earns
    them considerable more long term residual profits.

    4. Consumable Products - There is a reason the most successful
    network marketing companies often focus on nutrition and other
    types of consumable products. These products get used up each
    month and are perfect for auto-ship programs which creates
    residual monthly profits.

    5. Residual Affiliate Programs - There are now quite a few
    affiliate programs which pay residual commissions on sales you
    make. You sell the product or service one time and then
    receive a check for every month they continue to use it.

    This is the quickest and easiest way to residual profits for
    most online businesses.

    This is the method I want to focus the most attention on since
    it's something you can use TODAY in your business.

    Below are a few of the residual affiliate programs I'm a member
    of and receive checks from every month.

    Residual Income #1: Netbreakthroughs.com

    This is my own membership site so of course I'd recommend it.
    If you'd like an independent review, Jim Daniels of
    http://www.bizweb2000.com includes it as one his top commission
    producing affiliate programs.

    This membership site contains weekly advertising reviews
    showing you where to advertise, advanced monthly training
    reports, and personalized help in the coaching section.

    Residual Income #2: http://ebookswholesaler.net

    This web site provides you with resell rights to exclusive
    ebooks every month. They even allow you to brand these ebooks
    to produce backend sales for yourself automatically.

    You get rights to 31 titles, instant branding of the titles,
    backend profits, and residual income from the site. It's an
    awesome deal all the way around.

    Residual Income #3: http://www.netofficetoolbox.com

    How would you like to have a shopping cart which can
    automatically follow-up with your prospects until they buy?
    When they buy one product, it can remove them from that series
    and drop them into your next product follow-up series. It can
    even build you a completely personalized database of customers.

    This tool can do all of this and more. Plus it has a complete
    affiliate system built in as well and you can profit from
    monthly sales.

    Residual Income #4: http://www.bizpromo.com/autoresponder.html

    There are a lot of autoresponder services and systems around,
    but I host my Web Gold ezine on Aweber. This is because they
    allow unlimited size lists and the autoresponder messages seem
    to go out the quickest of any service I've used.

    Compare $19.95 per month for an autoresponder and list
    broadcast tool to the $ 400+ per month or more many listservers
    are now charging. It's no comparison.

    Residual Income #5: http://www.bizpromo.com/host.html

    Everyone running a business online needs a web host. So I get
    paid commissions from several different web hosts listed in
    resources I've produced. This is one of the ones giving me the
    best hosting checks.

    Please note that I don't fully endorse any hosting company to
    the max for one simple reason. They all have rough periods
    and they all seem to cause me problems sooner or later.

    -------------------------------------
    Terry Dean is the webmaster of Netbreakthroughs and a dozen
    other domains online...Visit today for up-to-date training
    reports, our weekly ad diary, personal support, and more.
    DISCLAIMER: The content provided in this article is not warranted or guaranteed by Developer Shed, Inc. The content provided is intended for entertainment and/or educational purposes in order to introduce to the reader key ideas, concepts, and/or product reviews. As such it is incumbent upon the reader to employ real-world tactics for security and implementation of best practices. We are not liable for any negative consequences that may result from implementing any information covered in our articles or tutorials. If this is a hardware review, it is not recommended to open and/or modify your hardware.

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