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Saturday, April 01, 2006
Building Residual Income
Residual income is a type of income that is lasting, and the internet is a good platform for setting up business options that can provide residual income. You can target costumers from almost anywhere in the world, and different payment options exist online now.
Here are some ideas you can use to generate a site that has the potential for providing you with residual income.
1. Create ebooks. Your profit margin is larger if you publish ebooks yourself, but there are some advantages to letting publishers market your book. Publishers know a lot of sites where they can market your ebooks because they have more experience, and ifyou are a beginner they can provide advice and support. Generally speaking, ebooks are easy to download. You only have to create one and anyone can download it even when you are not there as long as they pay for it or as long as they are subscribed. Of course there are certain rules that you have to follow like getting an ISBN number for your book.
2. Create downloadable learning tools. If you are an expert on a subject and you would like to use your expertise to educate people then creating downloadable tools is just perfect for you. You can make a class wherein people learn through listening to your voice and you can charge them for it. If customers like you, they will keep coming back.
3. Create a blog that is supported by paid advertisements. The most famous example of an online advertisement program is Google Adsense. It is very easy to start an account. It is available worldwide. They pay for every click on the advertisements on your blog pages. Payments vary according to the type of advertisements. There are certain keywords that can attract advertisers to bid for a place in your blog. Just always remember NOT to click on your own ads because it is a violation of the rules. If (or rather when) Google learns about it the Adsense team will automatically terminate your account.
4. Participate in affiliate programs. Create a site that will help you campaign for your affiliates. Visitors can click through different affiliate links, some of which do not require membership fees. An example of a residual income program that is free to start is SFI.
5. Make an online magazine. You can get people to subscribe, participate in the forums and submit articles for you. You can publish it monthly, quarterly, or at whatever interval you like.
To find information about a great online home business opportunity visit www.HomeNetMonies.com today.
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