Archive for May 30th, 2009

Starting a business from home can be a difficult proposition. Many websites and programs offer tons of money for little effort, and these are usually pipe dreams that they sell to unsuspecting hopefuls. If you are willing to put forth some work and develop an online presence, however, you may be able to make some decent money with residual income from home that could expand over time.

Residual income is basically earning income residually, that is, earning a little more money over time after the initial work or sale is finished. If you make a sale for an affiliate by posting a link or sending an email, for instance, if you were earning commissions off of a residual income setup you would earn commissions off of future sales from the same customer. You don’t personally push for the second (or third, or fourth) sale, but you still earn some commission off of it.

The common residual income opportunities act as I described, you refer a site and continue to make commissions off of any repeat sales by the same customer. So basically, you want to find a fairly reputable, high-quality affiliate so when a customer makes that initial sale, they will want to return when it’s time for birthday and Christmas presents.

There are many websites with affiliate programs or a list of links to others–you don’t have to look far. Subscription services are often good targets for your residual income plans because the subscription is more likely to help encourage your referrals to continue their services and offer you more commissions over time. Subscription sites that more commonly have residual programs are site like dating, adult content, or gambling sites. More traditional online retail stores often offer a similar program.

If a certain affiliate does catch your eye, make sure you do your research and read all their documentation before you sign on to any program. If the affiliate is offering too much for too little in return, you are likely looking at a scam. Look into what people are saying about the affiliate, and don’t feel like you have to sign up for anything unless you are happy with the scheme and payouts.

Another method of making residual income besides through recommending affiliate sites is through writing online content. Many Q&A sites will offer you a commission for articles you write for them, either through their advertising or sometimes by how often your article is read. You can even market your own content like through an eBook, but in these cases you are doing traditional marketing, often, and not the residual kind.

However you plan to make your money, you will benefit from having your own web presence with plenty of traffic so you have a lot of people to refer and make recommendations to. If you don’t have your own site or online marketing program, you should think about how you plan to build this up (unless you are thinking about making content for an established website). It would serve you well to become familiar with all of the online marketing techniques.

If you want to make money from home, residual income schemes may for you if you’re smart about your research and dedicated to success. Just don’t forget that it WILL most likely be work that feels almost like a regular job.

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If you are running a membership site, one of the most important areas of concern for you is membership retention. However, while this is without doubt quite a problem for you, your members may be having a different focus and that is, quite frankly a perception of value for their time and or money.

Creating huge value is very important if you want to get members and keep paying members. Everyone likes to feel as if they have received significantly more than they paid for. It’s true that some may not gripe about getting fundamentally good information, however this should not stop you from attempting to raise the perception bar significantly. Word of mouth is the most powerful advertising medium.

One of the easiest ways you can do this is to offer special bonuses. Try making a few of these surprises and others predetermined. Using a combination of both works well because you get people excited, and you make them feel like you really care when they get something they weren’t expecting. These bonuses can be resell rights or PLR products that you picked up on the side (hand’s off for you!). These can be for you to buy, but your members will be thrilled with them!

Another thing you can do is offer multimedia to fill out your text content. That doesn’t mean you need to create new information for each form of content. You might do an audio interview with an industry luminary or you might be a trade show with your camera and simply capture 10 seconds of opinions from the public or well known speakers. Having audio, video and text enables the material to find resonance with many different audience learning types. You’ll be satisfying more members without having to do much additional work.

One of my media instructors, taught me that sometimes, cheating is the best way. That wonderful video that you took has an audio track that can be re-used and re syndicated perhaps even as a podcast. Look mom, no additional work. You can then have the video transcribed in the form of text. Voil! You now have three different formats that will satisfy your members and enable them to feel as if they are getting a great bargain!

Another thing you can do is make sure your site looks professional. While you might be able to get away with a very basic site, doing simple things like adding graphics and having a nice layout can go a long way to giving a great impression of value.The old saying goes that “you shouldn’t judge a book by its cover,” but we all know that people end up doing that anyway! A great looking site is always a joy to explore.

Try to do all of the above mentioned tips. A rule of thumb is give 10 times the monthly value and your clients won’t leave.The first month is the most critical, this is when more than 80% of your members typically re-question whether they are getting value of their money.

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If you are looking to promote your services, or launch an exciting new product online, your best option is to turn to video marketing. Quickly being utilized by individuals, small businesses, and the major corporations, this is set to become the hottest marketing method for some time. With us all being well used to TV advertising, this medium is thought to be far more comfortable for people to take notice of, as opposed to pop-ups and banners. Particularly for the increasing number of so called “silver surfers”.

A strong, well made,professional looking video is likely to be your best option. Amateur attempts can be successful, but are best reserved for amazing events, or acts of human stupidity! Whether you are just a small team working together, or have brought in outside help, it is vital to be clear on how the project will proceed.

If you are not confident, there are companies and individuals for hire to help you. Whether it is assisting with the script, hiring the cast, getting a location or any of the other considerations that will be covered a little later in this piece. Before working with someone, spend a little time to research them and have a look at previous efforts. Are they what you are looking for?

If you didn’t believe in your product, you would probably not go to the trouble and expense of producing a video. However, understanding your product and understanding how to sell it effectively are different things. It is important to create a good story, and target it with relevance, to promote both the product, and ensure you get good quality backlinks from it.

Another important factor is the video length. Too long, and people will lose interest. Too short, and they will be left confused. This isn’t necessarily a bad thing, and could generate leads in itself. However, a length of about a minute is generally considered a wise move.

As I said earlier, there are other considerations that will need to be considered when using video marketing, such as placement and how to submit it. Obviously, you will carry the ad on your site, and promote it widely on your blog. However, not everyone has got a wide reach to draw in the traffic levels needed. This is where the veritable galaxy of networking sites come into their own.

Posting your video to the Facebook and YouTube generation of sites will prove a good move. With millions of hits a day, this is the simplest and most effective method. It could also be good to release segments of the video as it is composed, this will garner interest, and spread the word about its imminent launch. Manage expectations, and you will see a quick result.

Other sites are of course able to carry videos, such as Yahoo! Video and Google Video, and more besides. For a comprehensive list of providers, and traffic generating directories, it may be worth employing the assistance of a professional marketeer.

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