“Profits are better than wages. Wages will make you a living, profits can make you a fortune.” – Jim Rohn
When I first started researching different ways to earn money on the internet I studied many different business models. The ones that impressed me the most were the ones that offered a passive internet income.
Think about it. You work one time and you keep reaping the rewards of that effort. If I am going to work hard to get a sale I would rather get paid over and over again for that sale.
You can keep promoting residual products or opportunities until you are satisfied with the level of income that you desire. It will then free you up to do the things that you want to do.
For myself it is not so much about the money than it is about freedom. Being free to do what you want to do in life is an option that not many people have.
The internet now makes it possible for more and more people to turn their dreams into a reality. There is a very low barrier to entry and if you are determined and consistent you can make it happen.
You only really need a few basic tools to get started. First you will need web hosting for your own web site and second you will need a good autoresponder to build a list of targeted prospects.
Building a list will also help with the residual aspect of your business. You will be able to market to your visitors over and over again.
List building is something that many newbies ignore but it is vital that you do so. You are leaving a lot of money on the table if you don’t. Hit and run marketing will require you to keep searching for new people to share your message with.
Your own list will allow you to market a variety of products and services while giving you total control over your list. They trust you and they are not exposed to any other message before yours.
Your traffic can also have a residual aspect to it as well. For example, you write an article and that article keeps bringing in traffic for you. As long as the article keeps bringing in traffic it keeps working for you.
If what you are marketing is converting well you will keep getting paid. That is the primary benefit of having your own web site or blog too. Once you start getting free, organic traffic it is something that will keep delivering.
On the other hand if you place a solo ad in an ezine you are mostly getting a one time exposure. Your money is spent and if you are lucky you made a few sales. Then more than likely you are back to square one.
If you want to really start earning a passive internet income it is important to think about these long term strategies.
P.S. For a great example of a simple 3-step system that pays instant, daily 100% commissions to your bank account each month click here.