How You Can Make Residual Income from Home

Would you like to make money even when you don't go to work? The
secret is to have your work continue to pay you even when you
stop. A machine that once started continues to operate even when
you aren't there. It's called residual income, and you can make
it too.

Residual income means that once you have set the wheels in motion
you can continue to collect money - possibly forever! Who
wouldn't want to have a business that puts money in your pocket
day or night, whether you are working or not?

Is residual income only a dream? For many enterprising
individuals it is not just a dream - it's a reality. The concept
is simple - Do the hard work first and collect on it
indefinitely. By understanding the business models that this
principle applies to you can also start making residual income.

CREATE A PRODUCT FOR OTHERS TO SELL

Writing a book tops the list for one of the most popular methods
of creating residual income, but you can also create other
products such as software programs or even a physical product.
The key is that you want the business as automated as possible so
that once you've set it up you don't have to continue working as
hard.

How does it work? Traditionally if you write a book you sign with
a publishing company for royalties or sell your book yourself.
The hardest work is creating the book. However, once the book was
finished you can continue collecting profits on every sale.

The same is true if you choose to sell a product that is made and
delivered by another company - often called drop shipping. By
creating a sales page on the internet that will appeal to your
audience you can continue to collect profits on the sales of your
product or book without having to do the work each time.

If you have a special knowledge about a particular topic, or if
you are skilled at research and writing, you can likely find a
topic worth writing about. If you need to sell with little
overhead you can even write a book in PDF format that can be
downloaded rather than traditionally printed and shipped to the
buyer.

If you choose drop shipping of a physical product, find something
you can create an interesting website around. Share lots of
information with the prospective buyer and create a professional
sales page. With the proper combination of marketing skills and
interested customers you can create a system that works even when
you don't!

REFERRAL AND TIERED AFFILIATE PROGRAMS

Many online business use affiliate programs as an easy way to
create a sales force. If you are good at promoting a program or
product to others you may find that you can generate profits from
a second tier sales force that you recruit.

This form of residual income is also common in other businesses
including selling makeup, natural cleaners and insurance
products. Whatever your passion there is likely a business that
will appeal to you.

Once you've created a sales force you can start collecting a
percentage of their sales. With hard work and dedication you may
be able to rest from your efforts while your team continues to
work for you. Creating your own book or product AND recruiting a
profitable sales force combine for the ideal business model for
making residual income!