How to Earn Residual Income in a Business Opportunity Online
By: Jim Green
Submitted: 2009-12-13 22:13:04 | Word Count: 588
The Internet has become the most lucrative sales environment in history, spawning countless new millionaires. What business ventures and thoughts are best in creating not only immediate sales, but long-term success through residual income streams?
Sure, there is money today in Internet sales. In a 2006 article by John Chow, the top 10 Google AdSense publishers were earning from $10,000 to $300,000 monthly. But this is managed income, requiring effort every day. What about "hands-off" passive income streams?
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Recently, Donald Trump and Robert Kiyosaki, effectively endorsed the MLM model, even making the statement that, if starting over now, they would have chosen MLM to create their own wealth. Network marketing companies still offer the greatest possibility for achieving profitable residual income streams, if chosen carefully.
Consumable products, that are exclusive and effective work best for this, since your customers will need to reorder from you. Generics should not be available, or not as effective and "advantageous" as your "genuine" products.
So how can you leverage MLM in the Internet age? My quick response is "Attraction Marketing." In a more comprehensive answer, the social networks and blogs provide the best leverage in this method. The first step is to take a self-inventory and then to create your own "brand." What are your strengths and experiences? How can these be leveraged, not just for your own wants, but for the larger good? Every individual has a unique contribution that they have been "designed" to make. What is yours? We suggest that fulfilling your own "destiny," coupled to the right network marketing business will unlock your own individual streams of residual income.
Next, you can simply start using social media, blogging and other tools and "attraction marketing" techniques, to feed into a sales funnel for your own judiciously selected network marketing efforts. In this process, your most valuable "brand" is your own name. In my case, with a common name, I selected JimGreen.us as my WordPress blog (too late to get a dot com). All my social media sites also are in my name, reinforcing my own "brand." For instance, my Twitter account is Jim_C_Green, etc. Your objective is to produce a social media site "vortex" of websites interconnected with your blog and feeding your sales funnel. The last step is to build an effective sales funnel for your MLM business.
Your "brand" needs to encompass your passion and the contribution areas that you have been "gifted" to participate in. What are yours? One of my mentors, Dr. Ivan Misner, created Business Networks International based on "catch phrase" that, for me, provides the key underlying concept: "Givers gain." We believe that this is one of the ultimate universal laws. What this means is that your own income will be proportional to your own contributions to society. Keep this in mind and your "attraction marketing" efforts will have no limits. Leave me a remark if this approach works for you!
Author Resource:-
Jim Green is passionate about network marketing on the Internet and develops systems, tools and training to help others earn residual income in a business opportunity online. Visit his website for a trial run of his recommended systems, training and tools for online mlm lead generation and to learn how to produce a unique sales funnel for your MLM business.
The Internet has become the most lucrative sales environment in history, spawning countless new millionaires. What business ventures and thoughts are best in creating not only immediate sales, but long-term success through residual income streams?