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How To Earn Residual Income In A Business Opportunity Online
Author : Jim C Green
The Internet has become the most rewarding sales environment in history, spawning countless new millionaires. What business opportunities and concepts are best in creating not only immediate sales, but long-term achievement 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 bringing in from $10,000 to $300,000 monthly. But this is managed income, requiring effort every day. What about "hands-off" passive income streams?
In their recent book, Donald Trump and Robert Kiyosaki, effectively endorsed the MLM model, even stating that if given a "do-over" they would have chosen MLM to generate their own wealth. Network marketing companies have always provided the best chance to achieve profitable residual income streams, if selected prudently.
Consumable products, that are exclusive and effectual work best for this, since your customers will need to reorder from you. Generics should not be obtainable, or not as effectual and "advantageous" as your "genuine" products.
So what makes MLM most effective in the Internet age? My quick answer is "Attraction Marketing." In a more complete 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 craft your own "brand." What are your strengths and experiences? How can these be leveraged, not just for your own needs, 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 personal 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 carefully selected network marketing efforts. In this process, your most important "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 aim is to create 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, says it all: "Givers gain." We believe that this is one of the ultimate universal laws. What this means is that your own income will be in direct relation to your own contributions to society. Keep this in mind and your "attraction marketing" efforts will have no limits. Leave me a comment if this strategy works for you!
Author's Resource Box
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 test drive of his recommended systems, training and tools for online mlm lead generation and to learn how to fashion a unique sales funnel for your MLM business.
Article Source:
Articlebliss
Tags: residual income, business opportunity online, network marketing, mlm
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Submitted : 2009-12-13 Word Count : 592 Popularity: 31