Diversify Your Affiliate Programs For An Ongoing Income Stream

Affiliate programs are an excellent way start making money online. Affiliate programs offer many advantages for the new online business. You can begin making money without taking the time to develop your own product, you don’t have to worry about creating a sales page or concern yourself with accepting credit cards or delivering a product. All of these details are taken care of by the merchant.

But before you jump aboard the first affiliate ship you see, do some research. There are two basic types of affiliate programs: standard and residual programs. Most standard programs give you a one-time payment. Each time you make a sale, you receive a payment. No sale, no payment; it is a simple and straight forward arrangement.

Residual programs however, work a little differently. Most residual plans collect payments from customers on an ongoing basis, usually monthly. Examples of this are: monthly web hosting plans and autoresponder payments.

As with standard affiliate products, you collect a payment each time you make a sale for one of these products. The initial payment you receive from the sale is substantially lower than payments on standard affiliate products. However, in addition to your initial payment, you will get an additional commission each time your customer makes a monthly payment for that service or product. And you will continue to receive these payments for as long as that customer remains with the company.

This is the value of residual programs. You can collects payments for years to come. So, if you are looking to add affiliate programs as part of your business plan, consider adding both standard as well as residual programs. By diversifying in this way, you can generate substantial current income and build up a very nice residual income stream.

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Diversify Your Affiliate Programs For An Ongoing Income Stream

Affiliate marketing, affiliate, online business, affiliate income, affiliate profits, residual programs, residual income, extra money, Internet business, make money online, affiliate business

Affiliate programs are an excellent way start making money online. Affiliate programs offer many advantages for the new online business. You can begin making money without taking the time to develop your own product, you don’t have to worry about creating a sales page or concern yourself with accepting credit cards or delivering a product. All of these details are taken care of by the merchant.

But before you jump aboard the first affiliate ship you see, do some research. There are two basic types of affiliate programs: standard and residual programs. Most standard programs give you a one-time payment. Each time you make a sale, you receive a payment. No sale, no payment; it is a simple and straight forward arrangement.

Residual programs however, work a little differently. Most residual plans collect payments from customers on an ongoing basis, usually monthly. Examples of this are: monthly web hosting plans and autoresponder payments.

As with standard affiliate products, you collect a payment each time you make a sale for one of these products. The initial payment you receive from the sale is substantially lower than payments on standard affiliate products. However, in addition to your initial payment, you will get an additional commission each time your customer makes a monthly payment for that service or product. And you will continue to receive these payments for as long as that customer remains with the company.

This is the value of residual programs. You can collects payments for years to come. So, if you are looking to add affiliate programs as part of your business plan, consider adding both standard as well as residual programs. By diversifying in this way, you can generate substantial current income and build up a very nice residual income stream.

Are you looking for other ways to make money online? Get my FREE ebook and start making money every day!