How to Become an Internet Millionaire – The Easy Way to Build Passive Income One Stream at a Time
Are you wondering how to become an internet millionaire? Well, who doesn’t want to be one. Unfortunately, there is a cold hard truth that everyone must face.
Almost everyone wants to become an internet millionaire. But we all know that only a small percentage is going to become one.
With that said, whether you will become an internet millionaire or not, we all want to make more money. In order to make more money, we need to focus on building a passive income stream. In fact, that is probably the best way to become a millionaire.
For people who are just starting out online, one of the easiest ways to build passive income one stream at a time is to promote recurring products as an affiliate.
Before we continue, I just want to ensure that you understand certain definitions before we carry on.
First, an affiliate simply mean someone who promotes other people’s product for a commission.
A recurring product is a product that gives recurring commission.
Most affiliates make the mistake of only promoting one time product. For example, Susan may be an affiliate selling an eBook that cost $39. The commission rate is 75%. This means for every sale Susan clinch, she will earn a commission of around $25.
Although $25 per sale is quite a good deal, in order to continue making money, Susan has to keep on looking for new customers.
As the saying goes, ‘It is easier to make money from an existing customers than new customers.’
That is the reason why you should focus on promoting recurring products. For example, Peter may promote an web hosting service that pay him a commission of $10 per sale every month.
Although $10 is not consider a lot of money, $10 for 12 months is $120 worth of commission. In fact, Peter is going to get paid every single month as long as his customer continues using the webhosting service.
Can you see how people become rich? The best way is to start focusing on recurring income!
month to month web hosting
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