Residual Income
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.
Important key
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,
David Brahim
Get started for FREE with your Wealthy Affiliate account here.
Thank you so much for this highly informative article, David! As someone who is new to the world of online marketing/affiliate marketing, and a fellow member of Wealthy Affiliate, I completely agree that it’s possible to make a substantial amount of money online, but knowing where to go is key. There are many sophisticated scams out there that take your money, don’t produce results, and you’re left holding the empty bag. With the right attitude, determination, grit, and proper training, anyone, and I do mean ANYONE, can run a successful online business. Great read! God bless you!
Thanks for the positive comment. Please feel free to look at any articles I post and hopefully it will assist you with your goals online. I am revamping and updating all content after a layoff because of family illness. Look out for lots of information and resources to help you. And if I can answer any of your questions don’t hesitate to ask. All the best to you.
Hi David,
Nice read. I agree that you should invest the earned money back to grow your business instead of spending it on something else.
Thanks for the useful information!
Best Regards,
Joonas
Yes, indeed. Many will use extra income and spend on things they may not really need to purchase right away. Investing back into their business accelerates growth and will eventually put them in a much better financial position. Unfortunately, many people think an online business is not subject to basic business principles but that is the reality. And unfortunately, also the majority of internet programs never attempt to teach people money management or how to apply sound business principles. Anyways, that’s what I try to do, point out certain aspects most folks don’t recognize. Thanks for the response.
D. Brahim
NetSuccessNews.com
Hi David Brahim,
Thats a good take on Affiliate income and the example of Wealthy Affiliate explains a lot. I also totally agree that residual income must be ploughed back into the business for it to take off or succeed. You cannot start enjoying your first harvest. The time for fun will come, but later.
Aparna
Aparna,
I’m glad you agree. I do think many people don’t persevere in the online marketing arena. And many who do start to see results don’t take their “Business” seriously enough and falter just when they are about to ‘take off’. I believe some measured analysis of the ‘industry’ is needed as well as helping people manage their businesses because after all even though it’s online it is still a business. Thanks for your comment. I hope you find other posts on my blog helpful. All the best to you.
Getting residual income is definitely a way to get the right income and to break awya from working for anyone rather than ourselves and guarantee us the financial freedom we truly want. I really appreciate the fact that you have given a very well detailed view here about it and also suggested wealthy affiliate As a place to get the right knowledge about affiliate marketing that can generate that residual and passive income. Thanks
Phillip, thanks for the comment. My goal is to be realistic about making money online and to avoid a lot of the scammy hype that is so prevalent. I hope you will find my blog helpful. Thanks.