Wednesday, December 27, 2006

Create Your Own Residual Income Builder
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


A residual income builder is really just a way to generate a lot of business. It is nothing more than a super sized marketing campaign. So, with that in mind any business owner can create a residual income builder that boosts business. It takes some time, but saves money. A residual income builder does not have to be expensive. There are many offers for software or other programs that can be used to help build a down line. So, forget about those high priced residual income builders advertised everywhere. Just create one yourself.

There are many opportunities online as well as offline. There are lots of ways to get the word out about your residual income opportunity and to share it with others. Offline marketing methods can yield some of the best results. Some people prefer to deal with a person face to face rather than through email or online messaging. You can use the following methods together to form the ultimate residual income builder for little or no cost.

1. Word of Mouth. Word of mouth is a form of advertising that has been used for centuries. One person shares information with another and that person tells someone else and then someone tries your product. If that person likes it, s/he will tell somebody else about it. Of course, not everyone will be interested in the opportunity, but now they will have at least heard of it and can refer others. Word of mouth advertising spreads quickly.

2. Business Cards. Business cards are often under used. Business owners sometimes underestimate the potential of business card use. The cards are like mini flyers that contain all of your necessary information. They are the right size to leave just about anyplace. They can be tacked to bulletin boards, left in telephone booths, left with a tip at a restaurant, placed inside other cards or tossed into the air at ball games. Use your imagination to come up with other ideas. A business card is such a non-invasive way to distribute your information. People will accept the card as a later reminder.

3. Local Resources. You can join your local Better Business Bureau or Chamber of Commerce and network with other business people. Local newspapers, television and radio are all good advertising resources. People like to shop close to home, and if they hear about a business in their area they more than likely will check it out.

4. Internet Communities. There are many online business communities such as forums and blogs that you can join. Just find one that suits your needs, sign up and share in discussions. It’s a great way to build relationships with potential customers and share knowledge about products. These are generally not places to sell but most allow a signature line that includes your web link at the end of your post that serves as a small Ad. Of course, if you have your own blog, that is not a problem.

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Tuesday, December 19, 2006

Repeat Business Equals A Residual Income Stream
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


Repeat business is customers purchasing the same products over and over or different products from the original source. What better way to secure residual income than through repeat business? The most successful business owners know this and, they do what they can to keep their customers happy so that they buy again and again.

It is much easier to get repeat business than it is to sell to a new prospect. You can also gain leverage with repeat business and use that leverage to expand or to create a new business. If your clients love what you have to offer, they will tell their family and friends, and this word of mouth advertising brings in new customers. These free referrals translate into free advertising dollars that help to build your customer base. People are more willing to purchase something that someone they trust has told them about. When your business begins to grow you know you are doing things right and you have a good product and, you gain life-long loyal customers.

Repeat business is a secure residual income stream. To show appreciation for your customers’ loyalty, you can provide discounts from time to time or offer them something at no cost. Major corporations make a large percentage of their profits from repeat business, which goes to show how important it is. If it works for the big guys and they are benefiting then it will obviously be an important factor in your success.

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Monday, December 18, 2006

The Key To Successful Residual Cash Income
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah



It takes time and work to build residual cash income. And, you must let people know that you are in business. If you start a business and never tell anyone about it then you will never sell anything. The key to building a good business is good marketing. Marketing is not limited to the Internet, as many people believe. There are many options available offline such as newspaper advertising, flyers, using business cards and joining business organizations and networking.

One good marketing strategy is to develop a slogan or catch phrase. It should identify with your business and products and, it should be something that is easy to remember. Big businesses do this all the time. Almost everyone can recall some famous ad campaign slogan that helps customers relate to a particular product. This slogan draws people in and they become loyal repeat customers.

Marketing online is especially difficult. The Internet is a huge place and it is often difficult to get people’s attention. The thing business owners should keep in mind is the need to target a certain group of people; target marketing. They should have a fairly good idea of the type of person that will purchase their product. Then they simply advertise in places online where their target market is most likely to be in order to catch prospects attention. The combination of a good product, a good slogan and a target market makes for a good marketing campaign.

The last part of a good marketing campaign is monitoring your efforts. You need to be sure your marketing efforts are actually producing results. You don’t want to spend time and money advertising if you’re getting no results. There are plenty of online programs that you can use for tracking your Ads and making assessments. Then if what you’re doing is not producing the desired results, you can try something else.

By developing a good marketing campaign, having a target market and monitoring your programs you can be well on your way to earning residual cash income. Each part of the marketing plan is important. Marketing can seem like a difficult challenge, but with focus and effort you can get it done and reap the rewards.

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Sunday, December 10, 2006

Turn An Original Idea Into A Residual Income Program
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


Not all residual income programs come ready-made. Each individual has the ability to take an original idea and turn it into his or her own residual income program. Every residual income program that exists started out as someone’s idea. So, why not work to create your own rather than chasing someone else’s idea? It is not as hard as you might think. All that’s required is time and a bit of creativity.

Using a unique idea to start a flow of residual income is nothing new. All residual income opportunities started that way. All you need is a basic idea and then you can develop your products to sell yourself or to be sold in an affiliate program. The product should appeal to a large audience, and it should be something that fills a need. Once the product is designed you will need a manufacturer and a drop shipper who will process and ship orders to your customers. This will really free up your time so that you can manage the business.

After the product is on the market and your business is up and running, you can develop an affiliate program. This entails figuring out terms and commission. You can then set up a website that monitors your sales, affiliate credit for sales, down line sales and credit and your earnings. Once this is in place, you can start marketing the program.

If this doesn’t suit your taste, you can build a residual income program writing e-books. These can be marketed to others to be sold on their website, or you can sell them on the Internet. This is quite simple compared to building an affiliate program, especially if you already have books or information that can be turned into e-books. You may be a consultant of some sort or you may have a background in a particular field. This knowledge can be written down, transferred to e-books and sold. Or, you can just write a book and get it published. Each one sold results in residual income for the author.

Building a residual income program is something that can be done if you have an interest and the desire and passion. All it takes is that initial unique idea and some work. Remember, everything requires effort.

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Friday, December 08, 2006

Avoiding Residual Income Home Business Opportunity Scams
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


Scams are a very real problem for people working at home and for home business owners. Although residual income opportunities are often scams, there are many that are not. In fact, there are many that are legitimate and can actually provide a nice income source. In order to weed out the scams, you must be aware of the signs.

The number one rule for avoiding scams is to never pay for a job. Any opportunity that asks you to pay to work for them is not worth it. For every one of those opportunities you can find plenty of real ones for free. The only acceptable time to pay for a job is when the company gives something in return. For example, paying for sample products is okay. Many direct sales jobs require representatives to buy a start up-kit, which is fine. You should not pay for any start-up or administrative costs. There are more options available. Following are some things to be on the lookout for in order to help you avoid scams. These can be a general guide and a time saver when considering any business opportunity.

· Good products or services: The products and services should be real, something people will buy and something that is in demand. It goes without saying that if people don’t buy your business is doomed.

· Support from others: Every business opportunity should offer a support system. This is generally from the sponsor or a team or both. A team is formed and its members work together to build a strong business. Without this support, which is the foundation of most businesses, it will be more difficult to be successful.

· Company staying power: The company should be solid, have growth potential, be debt free and have a good reputation.

· Startup should be easy: Getting started should not be difficult. The process should be easy and duplicatable so that new enrollees do not become discouraged.

So be on the lookout for scams, eliminate them and proceed with your search. Once you have done your research and chosen an opportunity, you can concentrate on the business you’ve chosen and on making real residual income.

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Wednesday, December 06, 2006

A Variety Of Ways To Create Residual Income
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


Residual income is not just limited to multi-level marketing opportunities. There are a variety of ways that anyone can create residual income. Some require more work than others, but the bottom line is that residual income can definitely be made from doing work just one time. Recurring income doing something once is well worth the initial effort, when you compare it to linear income, which is trading hours for dollars. With linear income you get paid once. The job may be recurring but not the money. If you wish to make more money you have to work more hours.

Residual income is not just for those interested in marketing, and MLM is not the only residual income opportunity there is. Opportunities exist in the entertainment industry, publishing, the oil business, real estate and investment.

There are opportunities for residual income in the entertainment field in film acting, music recording and commercials. Usually, a tremendous amount of work is done upfront, and when a movie is shown over and over or a record is purchased or a commercial is aired repeatedly, the artist receives a percentage of the money earned. When a book is published, the author receives money for each one sold.

If an oil company drills on land you own, they have to pay you a cut of the profits for oil that is found. There is no work involved on your part. Is this a great opportunity or what?

Real estate is another big money maker. Many people have made millions buying and reselling property or land. Some rent out apartment complexes and get the residual income in the form of rent from tenants. You can buy some land and let someone build on it and get rent for the lot.

Investments do not have to be huge. If you have a savings account, the interest is residual income. Of course, there are other account types that pay out much larger percentages of interest and compound interest. Stocks and bonds are investment opportunities as well. For the best investment opportunities, seek the advice of a professional or learn for yourself. When using a professional, be sure they are looking out for what’s best for you. In this case, you could say that would be the upfront work.

While these opportunities may not seem very practical to some, they do work for others. Your passion may lie in one of these areas. People do succeed in these areas as a result of following their passions and being persistent. The residual income model has been around a long time. There are so many opportunities to create residual income that almost anyone can find one and become successful.

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Sunday, December 03, 2006

Turning Investment Into Residual Income
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


There are many ways to build residual income. Passive residual income is the type earned from investments, which keep turning a profit and allow you financial freedom. There is not a great investment of time or energy to gain passive profits. A passive income is easy to obtain once you understand how to use the investment.

Passive income is the the result of a one-time investment of time or money or both. Some people say it’s impossible to get money for doing nothing, but that is not completely true. It is absolutely possible to invest in something one time and continue to earn from it. An example is television or the movies. Actors spend an initial amount of time preparing for and recording a show or shooting a movie and continue to get paid for it every time that program airs. The actual term for this payment is residuals. Another example of a method to generate passive income is a website.

A website can be set up to take orders, show products and even answer questions for prospects and customers. Optimizing a business website is a way to build passive residual income. Optimization involves adding content and formatting it so that it is search engine friendly. This can take a little time, but once everything is correctly in place the website begins to generate income. By simply optimizing your website, you can drive business to it and make sales. The only things remaining are the monitoring and tweaking of the site.

The use of an auto responder—an automated email system—is a way to optimize your site. It sends follow-ups to your prospects and customers, and when they have a question or concern, they can email you and get an immediate response. Auto responders are not difficult to set up, and once in place they save hours of time and energy. Your customers remain happy and they become repeat buyers, especially when you have specials and sales. A small investment of time can translate into major income. So one is not getting money for doing nothing. There is work to be done upfront, but once it’s done you just have to maintain your operation to keep it going, and that requires far less time than initially invested.

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The Perfect Start For A Residual Income Business Opportunity
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


Finding a residual income business opportunity is really easy. You can locate them on the Internet, on television and in the newspaper, to name a few places. Making a choice won’t be very difficult, although it may take some time. Actually getting started is another thing. If you want to be successful in this type of business opportunity, you need to know the keys to getting a good start.

Of course the main element in getting a good start is choosing the opportunity that is right for you. The opportunity must be of interest to you and you must be excited and passionate about getting started. The program should be easy to start up and should incorporate tools to help the new people who sign on. Determination and drive are musts in order to be successful. One should choose wisely and select a properly set up program. The right choice can influence success in a huge way. So choosing a good opportunity is one of the most important aspects of getting a solid start.

Making residual income is all about teamwork, building a team that works hard and turns a profit. One should choose team members carefully. Making money is serious business, and building a team should not be taken lightly. Although you will not be 100 per cent successful at selecting the right people, at least check them out to see if they might be a good fit for your team. Many times people simply advertise and let anyone who contacts them become part of their team. This is not the way to go about it. Interviews should be conducted to explain the opportunity to the prospects. You should make absolutely sure that people are serious and willing to put forth the effort to be successful. A well-chosen team can’t be beat. It’s the backbone of your residual income opportunity. If your team is not making money then you are making no money. That’s the bottom line.

You must keep the big picture in mind. It’s easy to get discouraged in the beginning because it takes some time to build a good business that will generate profit. It is not going to happen overnight, but once you get your business going you will reap the long-term benefits. If you allow yourself to become distracted and distraught by the day-to-day mundane chores of running a business and lose sight of your long-term goals, you might become discouraged and give up. You must realize that starting out is sometimes a slow process. Just remain focused on your original goals and stay committed and keep moving forward. Remember, everything in life takes effort. Where do you choose to put yours?

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Saturday, December 02, 2006

Finding The Best Residual Income Opportunity
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


Finding a residual income opportunity is not difficult. There are countless opportunities everywhere. The hard part is finding the right residual income opportunity. Having so many to choose from makes it difficult to decide which is the best. And the best one is not the same for everyone. There are some key elements that need to be in place.

The most important thing is that it’s something that interests you, something you believe in. If you choose an affiliate program that’s of little interest to you, then you will not be able to get others to be enthusiastic about it, and you're doomed before you even really get started. People should love the product, and understand the program structure.

When a person gathers information about the program s/he should be able to understand what it is all about. If there is anything confusing about the opportunity, there should be someone available or some way for clarification. There should be total organization from management down to the sellers.

The program structure must have a well-put together compensation plan that shows people how the opportunity will produce residual income. Although many plans have step-by-step instructions, what’s important is that people can immediately see how the opportunity will generate such income. As marketing is key to success, the program should incorporate plenty of tools to aid its members.

So, find something that interests you and gets you excited so that your enthusiasm will spill over onto others. Look for an opportunity that has a great organizational structure and follow up, and one that has good promotional tools.

Any residual income opportunity can be a good choice if it has a good format and great marketing tools. Combine this with your interest and passion, and you can be on your way to financial freedom.

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