If you’re renting a place to live, your monthly rent payment is a recurring bill—every single month, you have to pay your landlord a certain amount of money to continue living in your apartment or house. As a matter of fact, a lot of bills are recurring. In some cases, like an electric bill or water bill, the amount due may change slightly, but you still expect the bill and know that you’ll have to pay it.
Recurring revenue is similar, but instead of spending money on a regular basis, recurring revenue means that you’re receiving money on a regular basis. As with recurring expenses, the amount of your recurring revenue can vary per month (or other time period) but it’s still money that you can expect to receive regularly.
Earn Recurring Revenue on the Internet
If you’re an entrepreneur that wants to earn money on a regular basis, you probably already know that there are several different types of recurring revenue available for the taking. It’s actually pretty easy to earn recurring revenue on the internet. Subscriptions to a website are probably the first type of recurring revenue that comes to mind but others are out there.
I earn the largest portion of my income with affiliate marketing. I do this by promoting various products and programs on the websites and blogs that I created. When someone decides to purchase something that they learned about through my website, I receive a certain percentage of what they spend each month even though it’s not a product I created myself! The percentages vary depending on the affiliate marketing agreement I have with the product’s owner as well as the price of the product.
Learn the Recurring Revenue Secret
If you’re going to pitch things online in hopes of earning recurring revenue, the key is to find the absolute BEST programs available. Concentrate on them and don’t even bother wasting your time on others. You read that correctly— only promote the programs that you would use. Only promote things that you’d honestly recommend to your own friends and family.
That’s my recurring revenue secret, and I wish I had known it from day one. Looking back, it makes perfect sense that I didn’t do too hot any time I tried to promote products and programs that weren’t the greatest. If I’m not willing to use something myself, why should I tell anyone else that they should buy it? It’s a much better idea to truly stand behind the products you promote.
Recurring revenue is a great way to have a steady stream of income rolling in each month. Depending on the types of products you promote, it’s completely possible to earn a great income online. Other sources of recurring revenue are available too, if you just know where to look!
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