I want to discuss briefly residual income generation before I embark on a series of articles on the topic of internet traffic. I’ll touch on why you may want to focus on residual income programs as you begin your online success journey.
There are tons of courses and training on how to market products in a variety of niche areas using various traffic methods to potentially rake in huge income instantly. The problem is that most of the courses produced by many of the internet marketing ‘gurus’ will usually show tremendous results as far as income but they don’t ever reveal their ad spending. Some do but they are in the small minority. And those who do have big ad budgets which most people starting out in affiliate marketing just don’t have.
It is entirely possible to earn a substantial income by setting up campaigns, creating sales funnels, and then paying for traffic but this works best when you have a decent budget for marketing. There are ways to minimize the costs of traffic by utilizing “free” traffic methods but as they say, you get what you pay for and the results may not pay off well at all.
Residual income opportunities
My suggestion is to focus on building ‘residual income’ through programs that have monthly membership fees and a good commission structure. There is nothing wrong with generating affiliate commissions through marketing digital products from various affiliate platforms. But the marketing costs can be steep in order to achieve good conversion rates. And starting out most individuals don’t know the best sources for quality traffic. Fortunately for you, I can point you to some of the best options.
Let’s use my highly recommended program called Wealthy Affiliate as an example. Although you can sign up for a free starter account and even earn commissions at that level the premium membership at just $49 per month means 50% commissions on that amount for any premium referrals you sign up. See the breakdown below:
In all honesty, and I’m not trying to be mean here, but if you cannot come up with $49 per month and devote at least $100-$150 as a monthly ad budget then you may be in the wrong business and need to look at alternatives. If you’re serious about success online you will do whatever it takes to make extra money each month to invest in your online business.
One important key here to note is that as your residual income grows you should not spend it on yourself. Don’t go on a shopping spree. You have to pretend that the income you earn at the start does not exist to pay bills and expenses etc. You must plug that money back into your business. If you reinvest you will grow your income at a much faster rate. A lot of folks just spend the money and they have nothing to put back into the business. It’s about making sacrifices now for huge returns later on.
Imagine for a moment you had residual income coming in at about $1k-$2k per month, and let’s say you used only 50% to help pay for your usual living expenses but you had $1000 for ‘scaling’ your business or doing some other affiliate campaigns. It is not just possible but very likely that in just a few short months you can grow your income to $5k-$10k per month. Very doable people!
So the choice is yours. Keep program hopping or settle down to one or two programs that you will work on incessantly until you succeed.
To Your Success,