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To understand what a residual income affiliate program is let's break it down into 2 parts.
1. Residual income is earnings that are accrued on a consistent basis. Usually this is paid monthly, but could be paid quarterly or yearly depending on how the funds are collected. It is earned when a customer returns to buy again and again. Repeat business can create a large residual income over a period of time.
2. An affiliate program is an arrangement where a company pays you a percentage of every sale made for a customer you refer to them. You get paid to sell their products. Amazon.com is an example of one of the first affiliate programs an now thousands of products are sold through affiliate programs.
When you combine affiliate programs with a pay plan that rewards you over and over for your sales, you are creating a residual income that can be worth a lot to your over your lifetime. LifetimeCommisssions.com is an example of an affiliate manager that offers programs that pay you commissions for the life of a customer.
SFI Marketing has a sort of hybrid pay pan that combines elements of network marketing and affiliate marketing. You can earn money every month for previous sales. They offer membership products, and consumable items that need to be ordered every month. There are hundreds of other companies like this that combine affiliate marketing with a residual income product.
How about creating your own affiliate program? J. Paul Getty was once quoted as saying that he would rather be paid a small amount on the sales of 100 people than to be paid one large sum on his own personal sales. That really is the power of starting your own affiliate program. There is a number of quality affiliate program management software available that can manage your program for you. Or you can use an online service to do it for you instead.
If you have a unique product and are willing to pay high commissions for selling it affiliate marketers will flock to your program in record numbers. Align yourself with affiliate companies like Commissions Junction, or if you sell digital products like eBooks look at ClickBank. These companies already have thousands of affiliates who are looking for something good to sell and a high commission to do it.
Whether you sell someone else's products as an affiliate marketer, or start your own affiliate program and have affiliates selling under you, there is a huge potential for you to earn a large residual income. You just need to put together a business plan and get busy doing it. Thousands of people all over the world already are. Why not you!
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