Residual Income – The New IRA
SELLING INTELLECTUAL PROPERTY
Once you create something that is uniquely yours, you can sell it over and over and continue to receive revenue. This could be a book, an audio or song, a course, or some other digital product.
BECOMING AN AFFILIATE
Endorsing products you know and like that belongs to someone else. You are basically advertising for them and getting a percentage kickback for your effort. Many products are taking this grassroots approach to marketing. It’s a win-win situation. This is an automated process because the technology allows the seller to know when a customer originated from someone else’s web link. The products do not cost any more than it would if it was purchased directly from the owner.
COOPERATION NOT COMPETITION
When you endorse someone else’s products that are in your same industry. This means you send a notification to your mailing list about a product or event that someone else is offering and that your audience may be interested in. You would get a kickback for sales and you create a relationship whereby you indirectly allow them to take advantage of your mailing list. When you have an offer that they endorse, you get to take advantage of their mailing list without selling the list or doing anything unethical.
This industry has always been a viable way to earn money. Companies like Amway, Avon, Mary Kay, they continue to be profitable but care must be taken in choosing the right direct sales company. Some have been run with an atmosphere of greed and they end up going out of business. Watch “this video” to learn about the multi-level marketing company that I endorse. This company was founded by a very intelligent, heart-centered couple, Wendy Lewis and Randy Ray. They opened their doors in 2009 and already it’s earning over a billion dollars and growing at an astronomical pace. They take a very modern approach. All the training is automated. All the orders are placed online by the customers and shipped directly to their home. There is no inventory to carry or products to deliver. The products are designed to improve health and appearance. They are formulated using the latest scientific discoveries. The profit structure is fair and sustainable and the business is easy to do.