Archive for February, 2010
Why do most people fail at a residual income opportunity? Human beings are complex, but statistics show that an overwhelmingly clear pattern emerges as we look at the group of opportunity seekers as a whole. So, here are the major reasons residual income opportunity seekers fail.
First, new residual income opportunity recruits are strongly affected by the rejection of close family members and their friends.
When someone is first introduced to the concept of Network Marketing they become excited by the income possibilities. Thus, they anticipate that those closest to them will also be excited and join them in their venture.
Add to this that most MLM or network marketing companies teach you to start prospecting from a list of your “warm market” which includes your family, friends and acquaintances. Even though this is a logical route, rejection from this group can be very discouraging and most people stop there. Rejection by people you love and trust is too much for most people.
Only lately have network marketing companies adopted an Internet based approach where interested people provide you with their contact information. This avoids the obstacle of family and friend rejection.
Second, many new recruits have false expectations of fast results.
Recruiting to build a downline is an important aspect of residual income opportunity pay plan. It's no wonder that people often exaggerate the ease of selling products and acquiring new recruits. The idea is that if you just get four who get four who get four you can become rich.
When new recruits finally realize that considerable networking and marketing is involved they become disillusioned quickly. That there is work involved, just like any business, does not cross a new recruit's mind when he or she is excited about the income potential.
Many new recruits have a job mentality and need help in internalizing the attitudes of a businessperson. Overcoming the job mentality is difficult and many people are unable to transition quickly into being an entrepreneur. This delay convinces many new recruits that earning a residual income is just not for them.
Third, new recruits often lack dedication and understand of success factors.
When success does not happen quickly enough, many recruits will simply join another program. These “program jumpers” usually never succeed because a residual income opportunity requires time, effort and an entrepreneurial mindset. Giving it a couple of months and getting only one recruit will crush anyone's enthusiasm. And, a low level of success will motivate anyone to switch programs.
The fact is that the level of effort, the skills and mindset you need for any single residual income opportunity are basically the same that you need for any other program. Jumping from one program to another not only shows a lack of dedication, but a lack of understanding about the reasons success is taking so long.
Fourth, new recruits like to improvise and make duplication difficult
One key to success in a residual income opportunity is ease of duplication. Every sophistication you add to the process will decrease your overall effectiveness.
It's always easy to find fault with and work to improve a recruiting methodology. But, recruiting is often a time tested methodology. Not only is recruiting designed to add members to a downline, the recruiting methodology is designed to be easy for everyone to use.
If you, as a new recruit, try to improvise the recruiting presentation because it better suits your skills or personality, then you'll have a more difficult time teaching the methodology to your entire downline. And, while you think the new methodology is better, it may actually be more difficult for new recruit to put into practice.
Fifth, new recruit spend too much time with nonperforming members of their downline
It's easy to believe that everyone should succeed. And, it's kindhearted to give your time to help someone become successful. But, eventually you have to realize that not everyone can or will make the transition from the job to the entrepreneurial mindset. Spending too much time with nonperforming downline reduces the time you have to mentor members who will actually help you succeed.
Eventually, you have to learn to say a friendly “Goodbye” to people.
Once you understand these major obstacles to affiliate residual income opportunity success you will be better able to move toward success.
What happens when you finish doing the work once, but continue to receive an income over a lone period of time? Most people call that residual income.
Well, there is a way of getting residual income without joining an MLM program or other type of pyramid scheme. It’s affiliate residual income from dominating a niche.
Many people create a website, get it ranked on the search engines and see income from that site for months, even years without doing much work to enhance the site further. Dominating a niche is another way of getting affiliate residual income.
Your site can be a site that promotes affiliate products or even your own products. And, every few weeks or every month or two you can add a page or two to the site and keep it attracting traffic and bringing in more money.
How do you do this?
First, find some products you would like to promote. It’s easiest if these products are not related to Internet marketing since that is a tough market to break into.
For example, check out new Clickbank products. If one seems interesting to you, check the competition. Find keywords people might use to inquire about topics that the product provides solutions for. Then do searches on the keywords on Google to see how competitive the sites are that come up on the first page. Determine how many of the sites have good Google PageRank. How many have the keyword phrase in their page title? Check to see how many backlinks the top sites have. And, make sure the keyword phrase has a fairly decent number of searches, say, around 50 or more a day.
One you find some keyword phrases that have low competition, you are ready to go to work. Buy a domain name containing that keyword phrase. Create website content dedicated to one of the keyword phrases. Add content and pages related to other keyword phrases with low to moderate competition. Include small ads for your products on each page.
Next, work to get backlinks to your site and your pages. Use social sites, article directories, and other link building techniques.
Once you get your site on the first page of the search engines you’ll be getting decent traffic and should start to see some money coming in.
Congratulations. You’re on your way to some nice prolonged affiliate residual income.
If you are ready to advertise an affiliate product or service, you may want to advertise an affiliate residual income product or service. And, it's extremely easy to find an affiliate residual income product for just about any subject on Clickbank.
Clickbank is a retail sales store where a lot of us who have digital products decide to sell them. People who have products or services available (vendors) allow you (affiliate) to promote the products or services and make as much as a 75% commission on all sales you help make.
Digital products or services could be as simple as an ebook. Normally, an ebook will offer you a single commission when the ebook is sold.
But, other products are sold through Clickbank that provide residual income. Products or services such as training courses and membership sites are also offered. These sites usually create ongoing payments throughout the time someone pursues their coaching or continues as a member in a membership site.
You'll come across training programs as well as membership sites to advertise in a number of niches. For example, some program niches include physical training, playing poker, hypnosis, internet marketing, niche marketing, private label rights articles, successful dating, professional drum lessons, getting along with others, and a great deal more.
Affiliate residual income is income that comes in each month for the work you do one time. If you have the chance to advertise one of these programs, you ought to undertake it without delay. In fact, who wouldn't want money coming in every month?
Take a look at a few of the affiliate residual income programs on Clickbank. Merely enter a term associated with the topic you're interested in, then scroll right down to the area that indicates “Future $”. You can enter the number 1 inside the input field, then click the “Search” bottom.
You'll most likely discover some pertinent products or services you could promote and earn an affiliate residual income.