Monday, November 27, 2006

Online Home Business Residual Income: Start From A Good

Copyright © Michael Laleye

Home based business is a 427 Billion dollar a year industry.
That's more than the pharmaceutical industry, food industry,
and consumer goods indusrty - combined. How? Because of the
sheer number of people in business for themselves who are now
working at home. The extremely low start-up costs, flexible
hours, and the internet are fueling the growth of the home
business segment. As of 2005 as many as 150 Million people,
in North America alone, enjoy the freedom and benefits of
owning their own internet business.

An online business opportunity is a great way to earn a
residual income. Not all online home businesses succeed at
doing that though. Many online businesses fail, but this
does not have to be the case. It is possible to build a good
business and residual income. The way to do it is to build
a good foundation for the business.

The way to set up a good foundation for a residual income
business is to understand the basic way it works. A
residual income business has to be set up so that one sale
keeps earning a person money over and over. If the business
is not set up to do that then it will not create a residual
income. A really good example is an affiliate program. An
affiliate program is created by giving each affiliate a
website encoded with their affiliate ID. Every sale made
off of their website is credited to their ID. Their ID is
also linked to the ID’s of the affiliates they have signed
up. Every sale their affiliates make is also credited to
them. This allows the person to earn income on every sale
associated with the work they have done. Affiliate programs
are not the only type of residual income opportunity, but
they are the most popular. Mainly this is because they are
easy to get started with and easy to maintain.

Beside understanding how it works a person must also
understand that it takes work to build a residual income
business. One of the biggest problems people encounter is
the fact that they think residual income means they do not
have to work at all. That is a huge misconception. Anyone
who thinks this is true is destined for failure. It takes
work at least initially. Nobody makes money doing nothing.
A good residual income is built. It is all about a good
start. If a person puts up an initial investment of time
and work then they are building a good foundation for their
business. They should have all of their marketing in place.
They should have a good training program for new team
members in place. They need to have all their bases covered
and know how they will handle everything. It is about
having a good plan and that takes work.

Everything starts with a good foundation. A foundation
offers a stable platform for the business to stand upon. It
provides the necessary basis for success. The foundation of
a business needs to be built. It has to be strong and it
requires work. In order to build a good foundation a person
must understand the basis of residual income and understand
that it takes work to get started.


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Home Based Affiliate Business