Why You Should Be Making Passive Residual Income Online Now?

When I first learned about passive residual income, I was at awe. Why? Well, how would you like to be able go for vacations, spend quality time with your family whenever you choose to without worrying about loosing your job or your business? If you would, then creating passive residual incomes online is the answer for you. In a nutshell, there are three main types of income streams.

One income source is when you do a one-time job, sale or perform a contract, you get paid once and the income stops there. Another income source comes from a 9 to 5 job, you will continue to get paid as long you work for your employer, often called a linear income. Most workers fall into this category of income source. Neurosurgeons, lawyers or engineers, are only paid as long as they continue working. Stop working and their bank account pause. The third type of income is the passive/residual or recurring income where you are paid even after you have stopped working.

Wikipedia defines passive or residual income as an income stream received usually on a regular basis without continuing effort...legally of course. Do you see why I just love earning passive residual income? I don't want to work for the rest of my life, or be able to go for vacations only when I'm 60. I want all that while I can still walk on my own two legs. Don't you? There are two main options to do this; create your own product or be affiliated to companies that offer passive income. This article explores the benefits of making passive residual income from affiliate programs online and why it's the best way to start off with. And for most this is the only way, unless you have a gifted ability to sing, act or write well and make it to the limelight.

The benefits of generating passive residual income online are many. For one, you only need to do a comparatively less work or no work, eventually, to sustain a steady income stream. There's no customer service to worry about. It's taken care of by the product owner or service provider. The start-up cost is low or no cost at all. You have full control over when to start and stop work and no worries about traffic jams just to name a few. If you have a computer and an internet connection, you can get started right away. One of the most important points to me though, is being able to spend more quality time with my family and this one is priceless, I get to bath my 2 year old daughter and spend time with her every morning and whenever I choose to. Now let's look at how to choose the right passive residual income resource.

It is crucial to pick right passive residual income resource to start off with. You don't want to be promoting programs or services that are fraud and not get paid for the effort, time and money you have spent marketing them right. Here I have outlined some very important pointers that would guide you in the right direction. It's best to be affiliated with companies that pass these criteria.

1. The key factor to look for here are companies that have strong financial backing, excellent management and a 'distributor first' philosophy. The company should have a long term development goal and not just in it for the quick cash. As a rule of thumb, look for companies that have been in business for at least 5 years.

2. The product or service should have “Unique Selling Proposition”. In that I mean the products/services must be unique and standout from those that are in the market and of good quality product, reasonably priced that consumers would have to buy or continue with the services over and over. Another important factor is how ‘needed’ this product or service is.

3. The compensation plan must be fair. I always go for companies that pay at least 40% in passive residual commission. Don't go for anything less, unless you are sure the conversion is good and that it's worth your promotional effort time and money.

4. Training and marketing tools should be provided. Most companies provide training and promotional materials but it is often difficult to strike a balance between product promotion and affiliate training. You should be wary of companies that charge unreasonable prices for their promotional materials. You are investing your advertising dollars so the company should not seek to make a profit from you here, although many do. Study the company literature to see who the ‘big dogs’ are and join their group if possible. It is said that misery loves company; so does success.

Creating a multiple stream of passive residual income is the best financial insurance you can give yourself and your family. You never know when you will get retrenched from your job or get too ill to work. You can also take this as a means of savings for your children's education. The next thing you need to do now is sign up with the proven and tested passive residual income resources that fit the criteria above.

About The Author

Steven Fu, the author, is dedicated to researching and recommending the best passive residual income online. Find out more and collect your FREE Passive Income Toolkit at;
http://www.pluginpassiveincome.com

How To Use Classified Ads To Generate Traffic Effectively

Classified Ads is one of the most, if not the most understated marketing tool. This is, in part, because it is one of the harder marketing methods to use. Simply because, the space allocated to write a sales pitch is very limited.

So, how do you market effectively using Classified ads?

Firstly, you must look for the right viable places to advertise.
Many have commented that using free sites do not work. Free sites can work if you know what criteria to look for.

For example, if you want to generate traffic from sites that allow you to post free classifieds, you must post in sites that receive traffic themselves.

One example of such a site is http://www.craigslist.com. It is completely free as long as you post your classified ads in the proper section.

Another good free classified ads resource is http://classifieds.yahoo.com. As long as it's on topic, you can post a classified ad for whatever you want.

The next thing you need to do is construct a catchy headline or first line that uses psychological triggers. Your goal here is to draw as many clicks as possible, so use words like, "free", "cheap", "revealed", "proven" and "shocking" to draw attention to your ad.

Now that you have drawn attention to your ad, the following step is to close the deal by providing a reason for the viewer to click through.

You can do this by stating a quantifiable benefit in the second line of the classified ad and then nail it at the third line with a crucial feature.

About The Author
Steven Fu, the author, is dedicated to researching and recommending the best affiliate programs that generate passive and residual income online. Find out more and collect your FREE Passive Income Toolkit at; http://www.pluginpassiveincome.com