R Stands For Residual Or The Only Way To Get Paid Online
There is much to be said about compensation plans that you can find online. This type of matrix, that type of matrix, binary systems or just the simple one-time commissions; none of them can even barely compare with the power of a simple residual compensation plan.
Residual income, also called passive income, is income earned on an ongoing basis for effort done once in the past. Simply put, this means that if you generate 10 sales each month and each sale brings in around 100$ , you start in January with your income being around 1000$ . By the end of the year, your commissions for each month ad up, meaning that December will be an excellent month for you considering that you are earning an income of 12.000$ as each month ads up another thousand to your ongoing commissions.
For someone involved in affiliate marketing, multi level marketing or any kind of home based business, there are many opportunities to be found online that give such a compensation plan, as the one explained above. Some of the options could be membership sites, online training courses or magazines and newsletters that offer subscriptions to their monthly content. Web hosting services are another option. Web hosting is something that everyone online needs and it’s a product with which you can earn a residual income for as long as the hosting account is active. Autoresponder service is one more, as autoresponders are also a necessity for someone who is trying to build a list of subscribers and many of them come with an affiliate program that pays ongoing commissions for generated sales.
This type of compensation plan has created many millionaires. Such a system keeps people motivated and inspired, and motivated and inspired people achieve the best results. One specific thing about programs that offer such a compensation plan is that you truly need to promote a good product, one that the costumer can be satisfied with and can choose to invest in it month after month. That’s a good thing, off course. It means that you are providing quality and your commissions are just proof of what a great job and service you are doing. Personally, I find that one of the best things about earning residual income is that it provides you with a certain sense of security, giving you more free time and enabling you to grow in your business as your income grows, month after month.
The aspect of growth is an important issue for those who decide to work from home, because a home based business such as affiliate marketing is a wise choice for people seeking financial freedom and security, which are attainable by a person’s continuous effort and, above all, a good compensation plan. Growth can be acquired, prepared and manifested only in a system that rewards our labor with a fair compensation that increases our income with each month.
For those of you who feel that working from home could be your way to financial freedom, I urge you to scrutinize every business opportunity that you encounter and consider carefully those opportunities that enable you to earn an ongoing and residual income. Believe me when I say that it will make a difference.