Would you like to build an Internet business that will continue to pay you over and over regardless of the economy? With the number of people getting laid off in their full time jobs this should be an appealing thought. In this article let's talk about how to create an inflation proof residual income stream that you can run on autopilot.
Would you like to build a web based business that will continue to pay you over and over regardless of the market conditions? With the number of people getting laid off in their jobs this should be an appealing idea.
In this article let's talk about how to create an inflation proof residual income stream that you can run on autopilot.
1. One of the first points we want make is that your business should be done on the Internet. The Internet allows you to take advantage of a worldwide economy, as opposed to being tied to a local market. Therefore, you will always have the ability to sell products somewhere that is not in a recession.
2. Whenever possible create information products to sell. These tie in well with the worldwide Internet theme because information products can be delivered instantly online.
All you need is a website, a sales page that converts, and a payment processor to collect the money. Then you spend the majority of your time driving traffic to this page.
3. If you do not get enough targeted traffic to your money making site, you will never make any money. One of the nice things about using the Internet for traffic is you can set it up on autopilot to run 24 hours a day.
There are multiple ways to do this, but Google Adwords is a pay per click advertising program that can generate a lot of traffic for you on an ongoing basis. As a matter of fact any form of paid advertising can generate new traffic 24 hours a day.
4. Another important thing to consider is creating a system for selling back end products. A back end product is something that ties in with your original product and is easier to sell once you have a person's credit card information.
This is a great way to create a residual income because you can go back to that person and sell products on ongoing basis.
5. One final point, we want to make is consider setting up an affiliate program of your own to make money on an ongoing basis. This works wonderful because you have affiliates working for you 24 hours a day to create more sales. This can be an excellent way to make residual income because even when you are not working they are.
These are five ideas on how to create an inflation proof residual income stream and run it on autopilot.
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