Is Viral Marketing the New Residual Income Strategy You Need?

The network marketing industry, Multi-level marketing, the insurance industry, and membership programs are often built around the idea of building an ongoing stream of income from one sale.

When someone pays $97.00, or whatever amount, every month to maintain their life insurance or active status in their direct sales company, the agent or representative that introduced them to the company continues to receive a portion of that income.

It's a great idea, and of course the evolution to make everything better has hit this concept as well. What if you could make one sale and get paid for a multitude of sales?

With the new term called viral marketing that is now possible. In this article we will introduce the concept of viral marketing and several ways residual income can be generated by you and your company.

Viral marketing depends on a high pass-along rate from person to person. If a large percentage of recipients forward something to a large number of friends, the overall growth snowballs very quickly. If one could attach an income stream to that viral marketing, wouldn't that be ideal for your business?

But what about the residual part in viral residual marketing?

Residual income (also called passive or recurring income) is income that continues to be generated after the initial effort has been expended. In layman's terms it means to do the work once and get paid many times. Compare this to most people's income focus: linear income, which is "one-shot" compensation or payment in the form of a fee, wage, commission or salary.

There are a variety of ways residual income can be earned. Here are some examples of residual income:

Transfer the rights to a book you wrote, a software program you created, a gadget you invented, or a song you recorded to a company that agrees to pay you a percentage of each copy of your work sold in the future. Become an actor and draw residual income from each of your movies, TV shows, or commercials, each time they run. Let an oil company drill a well on your property in exchange for a percentage of the revenue. Purchase an office building or other real estate that earns you recurring income through lease or rental payments.

True, these ways of earning residual income generally aren't that easy to implement. But there are even more attainable ways, better suited for the average person:

Start a savings and investment program that pays you residual income in the form of interest or dividends, create and market your own information products, and join associate programs.

That's a brief overview for you to start brainstorming. Very soon, you'll find the viral marketing strategy that will work for your business!

Article Source: http://www.dummiesguideto.com

Scott Letourneau is the Founder of Viral Residual Income, a way to get people on the fast track to viral residual income and an authority in helping people form entities, grow their business, and protect the assets of that business. For more info contact: Scott Letourneau at 702-367-7373 or at viralresidualincome.com

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