Residual Income Business Tips – What Top Earners Are NOT Doing

If you’ve been building a residual income business for a while, you’ve probably heard the names of some of the big industry legends, the big Top Earners with their 7- and some 8-figure incomes – people like Randy Gage, Marc Yarnell, Tom “Big Al” Schreiter, Dani Johnson, etc.

These top earners today have huge organizations and massive followings which only continue to grow along with their income.

So what is it these Top Earners do? Where is their focus for building and supporting their ever-expanding residual income businesses?

Before I get to that, let’s look at it logically. Let’s look at it from their point of view (after all, if you want to grow a huge organization you must first visualize what that would be like and organize/structure your activities accordingly. In other words, if you think small you’re only ever going to be able to build a small organization – if you don’t change your thinking you’ll sabotage your growth unknowingly to ensure you meet your expectations. So think big, expect to build a large, thriving organization so that you can!).

So, if you had an organization of tens of thousands if not hundreds of thousands or millions of people, with new people signing up on a daily – even hourly basis – with or without your knowledge or help, maybe hundreds of levels down. Obviously, with an organization that big, you can’t personally help each one get started to begin doing the right activities to make money. So you must have a system in place to disseminate that information.

Most of these leaders do have a strong online presence, with a powerful website or blog with business building and training content posted on a regular basis to help keep their teams and organizations plugged in, motivated and up to date. Technology has a come a long way helping to get the leader as close to each person in his team as possible, albeit on a generalized, team-specific level, like with auto-responders, conference calls, voice broadcasts, presentation and training webinars, etc.

But it’s still a whole lot better than handing down a photo-copied, hand-written training documents that you can barely read the writing on, or worse that others have changed, trying to interpret what they thought the leader was trying to say (kind of like trying to play that old game of “telephone” where the meaning completely changes from start to finish).

So from the leader’s perspective of such a massive organization, it is imperative that some kind of training system be in place to keep people engaged, working towards their dreams and making money. And it’s never been easier to develop such a system for one’s followers to plug into.

In addition though, a leader must think about strategies and tactics that his people can all implement, regardless of who they are, what they’ve done, where they’ve come from, what country they live in, what level of success they’ve had and regardless of whatever amount of money they have – and quickly (urgency is crucial for fast growth)!

And obviously you want your organization to produce and move product because that’s what creates the residual income. If no one is moving product – just signing up and recruiting new distributors who don’t buy anything – then no one gets paid.

So you must be able to teach and instruct simple methods that anyone can do from day one to get them making money quickly, if they get to work and apply themselves – without a lot of training or time consuming or distracting activities… (It’s a lot easier to make money fast than slow!)

Can you see where I’m going here?

Here’s the biggest distinction I see between what the most successful leaders this industry do and what the majority of distributors trying to build a residual income business are doing – the focus of their business.

Why is it that these industry legends continue to focus on building their businesses belly to belly, person to person, home meeting to home meeting, etc?

Do you think they’re out of touch with the times?

Obviously not, just look at their powerful lead-capturing, results-producing websites.

Are they just trying to keep their internet marketing strategies to themselves?

That makes even less sense – remember, these web properties they develop are specifically there for their people, their organizations from which they make their money. They wouldn’t purposely sabotage or limit the success of their own people, that would directly impact their income and level of success.

So why aren’t these industry Top Earners promoting the latest and greatest online marketing strategies for building a residual income business?

If you’ve been marketing online for any length of time you probably know the answer!

Simply put, the majority of people out there are not marketing geniuses nor are they computer software engineers or technicians. The internet and online marketing requires a certain skill set that the majority of the population is only beginning to become familiar with, let alone proficient with (the internet and online marketing has really only been around for a decade or so, and is only beginning to go somewhat mainstream thanks to Google and Facebook, etc. In comparison, people have been building network marketing or residual income businesses for over a hundred years successfully before there ever was internet…).

This familiarity or proficiency with computers and the internet, etc will change over time, but the industry Top Earners understand that in order to build a large team, you need people to be making money as soon as possible – methods and approaches that can be implemented today, not tomorrow. You dramatically increase the ratio of people making money when you get them started fast so that the income starts coming in while they’re still excited about it before the world around them crushes their dreams and takes away their hope, allowing disbelief and fear to take its place, making it incredibly more difficult than to make money.

This is why the industry Top Earners still encourage prospecting your warm market or resource list first, for example, prior to learning online marketing – if at all. As you probably know – or should have been made aware of – learning to market your business online takes time. There is a steep, steep learning curve in learning how to setup your blog properly, how to advertise online, or create content like articles or videos, setup and strategically use other web 2.0 properties for lead generation, etc. Contrary to a lot of the hype out there, lasting success with a residual income business doesn’t happen overnight – with or without the internet!

Interesting Online Residual Income Business Ideas For Freelancers

Residual income is better known as passive or recurring income business in the business world. An individual can take up this business option to continue making money from a project even after its completion. This source of income is usually considered best as it gives people an opportunity to make from a way other than regular job. Residual income acts as a great substitute for full-time job and can even replace it successfully.

If you are seeking for an interesting idea on residual income business you can start searching for them online. There are plenty of websites which can give you ideas on how to earn residual income easily. You need to be little cautious while taking ideas from such sites as some of them may be just scams and it could hamper the prospects of setting up a recurring income business of your own. So, be ready to do a proper homework before choosing from so many residual income ideas.

Below are given few interesting online residual income business ideas especially for freelances so that they can earn good amount of money by using them.

Build Up Different Websites or Niche Blogs

Niche blogs or websites are the most simple and easy home income business ideas that users can have. Niche blogs are blogs which are built around a particular topic. They don’t contain diversified topic and can better target the customers who are looking for specific information. It usually takes a couple of hours to create a niche blog but it should be properly maintained so as to generate good home income in future. The income coming from the blogs is not fully passive but they assure blog owners get a consistent flow of income as long as the blogs are updated.

A blog host will be required to set up a blog. You can use free hosting providers like WordPress and Blogger or buy some space in a web hosting company to help you to host your blog at an affordable price. After setting up process is over, interesting and useful website content or blog content should be produced and published in the site for visitor’s use. While the content has been developed, the affiliate programs on services or products related to the niche or theme of the blog can be used to monetize it.

Join Revenue Sharing Websites and Write Content For Them

Revenue sharing websites are another meaningful way of earning residual income. Some of the online sites allow visitors to post articles on their sites and earn a percentage of the revenue generated by these articles. While some sites mention the offered percentage others will not. Writing contents for revenue sharing sites can become an online residual income business because the published articles tend to earn money for the writer as long as they remain live. The greater traffic attracts these articles, the more will be revenue and higher will be the percentage of the writer. Again, the more number of articles a writer writes, the greater will be the amount coming from these articles in every month.

Conceptualize And Develop an eBook

Creating an eBook is an invaluable residual income business idea. The complete project becomes the sole responsibility of the writer who will get the copy rights of the eBook and earn cent percent profit made on the sales. Unlike revenue sharing sites, this passive business opportunity can help the writer to earn the full profit. It is because a major part of profit is retained by the revenue sharing site itself.

Residual Income Business Opportunity For Income Stability

Are you a person that is looking for a residual income business opportunity to help ease income strains that you are getting, as a result of this troubled economy? Perhaps you would prefer to develop some true wealth? Here is some interesting information on affiliate advertising. Let us see how you grasp the important idea that multiple streams of residual income are very good for your bottom line. The following, is a couple of residual income business opportunity, advertising cases. You choose which one is better, this will be done by determining which one will be a lot more profitable.

The first residual income business opportunity case; it takes one hundred clicks to produce a single sale. Each sale pays $100 commission. There is a 5 percent refund rate. In this case your cost is $0.80 per click, In other words, it would cost $80 to create one $100 sale ($100 – $80 =$20, then, $20 x 5% = $1), $20.00 less the five percent refund rate($1.00) equals $19 net profit. That is a 19% return on your marketing investment. (note: This is not much!)

The second residual income business opportunity case, selling the product, it takes 100 clicks. Each and every sale provides a $100 commission but it also offers, a per-month subscription of $10. There is also, a 5% refund rate and the typical length of the subscription is four months. If you spend $0.80 per click, like the first case, just how much will you make from your $100 investment? This case uses the same outcome for the sale, a 19% return on your marketing investment.- but the NET Income is far more impressive, because of the monthly income of $10.00! Here you would get $19 for the up-front sale, you also get an additional $10 per month, over the 4 month period of the subscription. That is $59 net profit for a 59% ROI (Return On Investment).

Can you see, on the two cases presented, the one that stands out as being the best? The Residual Income business opportunity, makes a big difference on the ROI. You should take an interest to Super Affiliates selling models and you will soon learn the only time they will offer a “one-up item” (it pays only the moment for key sale), is if they can somehow leverage that sale. That leverage might be to provide a free report or unique insider review and bonus which entices one make a purchase through their affiliate hyperlink… Where the LEVERAGE is, in collecting the opt-in info that you simply provide and that will be used later one to introduce a product sale.

Due to the fact a concentrated opt-in list is generally worth $0.25 to $5.00 Every month, the list owner will use the email to make an “upsale” later which brings in more commission. You may notice, is that, what you have by promoting solutions that not only pay a one-up commission, but also gives you a residual income business opportunity. In other words, if the affiliate promotion item, does not possess a continuity system behind it, most super affiliates will never touch it. It is easy to see why they don’t? It is the difference between receiving 19% ROI or receiving 59% ROI.

The residual income business opportunity streams are crucial to big wealth generation. You will be able to see the big picture, of what that income truly is, if you will imagine the great Nile River. It is the longest river on the planet. You are able to see it and its vastness from outer space, it really is that huge. What you can not see is that the Nile is basically fed by a large number of individual streams. This large number of little streams merge to create a single massive world record river.

Taking your residual income business opportunity and advertising income for your ROI is like creating your own river of income by creating multiple little streams of income merging into 1 bank account? The very best way is to start advertising products and solutions that produce a monthly residual income. As soon as you get that going, you basically sit back and watch the flow of income. Whenever you have the right income coming in, you never ever start the month at absolutely nothing! There is a lot of security having to work from a residual income business opportunity.