There’s a few ways you can earn an internet residual income. Many internet business owners use a model known as affiliate marketing. With affiliate marketing, you can refer customers to other people’s products and services online. Affiliates link to products from websites, adverts, videos and emails. When someone purchases a product through an affiliate link, the affiliate earns a percentage of the sale.
To earn a residual income from affiliate marketing you can:
- Automate sales using online systems – e.g. advertising platforms, email marketing, websites and content
- Use recurring income affiliate programs – earn ongoing income from previous sales
- Create content which draws visitors to products through websites, YouTube channels and/or social media accounts
Internet Residual Income – Adsense
Google’s Adsense program is a program used by content creators which can help them earn internet residual income. There’s other similar programs but Adsense is the most well known. With Adsense, website owners place adverts on their content. When visitors click on those adverts, the website owner earns a small commission. Since advertising clicks can happen constantly and websites work 24 hours a day, this means a passive residual income can be earned through content creation.
YouTube too is another popular platform which can use this same strategy. By joining YouTube and Adsense, or using the YouTube partner program, content creators can create a passive income from their content. See how to earn money on YouTube.
Getting paid a passive income for advertising clicks means creating a lot of content. Since each click on an advert is only worth a small amount, you’ll need a lot of website or YouTube channel traffic in order for this to be profitable.
Internet Residual Income: Email Marketing
One of the fastest ways to generate an income from the internet is through email marketing. With email marketing, you build an email list and sell affiliate products to subscribers. Building an email list quickly can be done through using paid advertising.
As your email list grows you can more easily sell products in larger numbers. A small list of less than 100 subscribers isn’t likely to earn you a great deal. However, once your list grows beyond 10,000 subscribers and you have built a relationship with your list, you should be able to promote products and earn a good living.
Because email marketing can be automated, this can be a great way to earn an internet residual income. An email list can be built over a long time frame too more cheaply. This can be done through content creation. Although this is much slower than using paid marketing to build a list, it can be more appropriate depending on the affiliate products you are promoting.
High Ticket Products
If you’re paying to advertise and building an email list quickly, you’ll need a good high value product range in order to make a profit. Not all affiliate products are equal and some pay more than others. For example, a typical product from Amazon might only pay you between 1% and 11% commission.
But a digital product might pay you 40-50% commission. High ticket products are of much larger value than standard products and will pay more too. Plus you can also use those products which offer ongoing payments such as membership products and subscriptions. See recurring income affiliate programs.
High ticket sales are one-off commissions so they are not residual as such. However a good high ticket funnel can allow you to use paid marketing and more easily recoup your expenditure. If you also have recurring income products in your funnel, this can allow you to build a residual income more quickly online.
Ebooks For Residual Income
You can also use ebooks to build a residual income online. You can sell your own ebook or use it as a tool to build your email list. Then, promote affiliate products through your email list. An ebook is a good lead magnet and many people will sign up to your email list if you offer a useful ebook as a lead magnet. See ebook lead magnet.
Once you have created an ebook, you can use it for years to generate leads for an affiliate business. Once on your email list, you can automate emails to be sent out on a regular basis. These emails should help and inform your list as to the products and services which can help them the most. If you generate a sale from your affiliate recommendations, you earn a commission based on the sale.
Conclusion
There’s several ways to use the internet to generate a residual income. The most popular are:
- Affiliate marketing – promoting other people’s products and services online
- Advertising – Google’s Adsense program allows content creators to monetise their content and earn through visitor clicks.
To generate a passive income from these strategies involves building systems and using automation to generate sales or advertising clicks. For more information on this click the image below to access a free video series.
