Business 91 - 100: Create a Residual Income

Wouldn't it be wonderful to receive $1,000, $5,000, $10,000 or more in MONTHLY income which comes in consistently month after month without ever selling another product or service?

And don't worry...I am not talking about network marketing or trying to recruit you into any opportunity.

Through the internet and the use of what is called a "Subscription Site," you can do this very feat. You can create a web site, sell subscriptions to it, and bring in money for it every single month for the rest of your life.

Although subscription sites used to be only for the adult sites out there, it is quickly becoming a much more commonplace occurrence in every online industry. As a matter of fact, I know of a site in the stock market which sells subscriptions for $300 a month and has a few thousand subscribers. Do the math and figure out the income on that one.

I have seen successful models of subscription sites for not only the adult industry, but also for news, stocks, commodities, internet marketing, web site promotion, newsletters, and industry specific resources. Just about any market has room for subscription sites.

To be a successful one though, you are definitely going to have to come up with unique information or tools that everyone in your market needs. For example, if you were going to do a paid subscription newsletter, it definitely will have to have unique information which can't be found anywhere else AND bonuses to go with it which are at least worth the value of the price of the subscription itself.

Remember, most of the information and many of the tools you will be selling on your site can be found for free if your visitors were to search the net hard enough. The key is that you will have to present it or organize it in a manner that is much easier to use and simpler to understand than can be found anywhere else.

C-Net reports that only 10% of internet users are willing to pay for access to a web site, BUT that number is growing every day. People are becoming frustrated with having to search a million sites to find what they want. If you can provide it in an easy to use format, then you can profit from helping people relieve their internet frustrations.

For a few quick ideas in this arena, check out these ten businesses you could start with web site subscriptions.

For even more information on the subject, I highly recommend Monique Harris' ebook, "The Paperless Newsletter Publisher's Guide," available through our company at http://www.paperlessnewsletter.com

This type of subscription service is when you can collect together in one place the information that everyone needs to get started today in a specific business and provide support to it. For example, a very successful internet marketing subscription site I know gives you internet marketing information, software downloads, products to sell, discussion boards to meet other marketers, and more. They become a one stop shop for the internet marketing tools business people need. You could do the same in your chosen business.

If you can collect the complete list of resources some one needs in an industry and keep it continually updated every week, then you have a potential subscription site. This has been done with lists of classified ad sites, employment resources, wholesale sources, money saving sites, and more. Come up with a unique idea of a list that everyone is looking for and you might have found your residual income.

Linkomatic, AWeber, Submit It, and more have all found an edge. They created a tool that helps people to promote their online businesses, and people pay them month after to month to use it. If you can find or create a unique web promotion tool that brings traffic to people's sites, you may just have a guaranteed winner of a subscription site.

Generate leads for a specific type of business online and you have the subscription site that PEOPLE online are dreaming of. If you can generate lead after lead of people looking for specific products, businesses in that category will beat a path to your web site. Here is another frustration point for internet users. They can't create the leads they need to profit online. If you can, watch the income stream in.

Do an audio seminar online. Record interviews with industry leaders and make a complete audio bank online with new interviews and information being added monthly to your site. The $0 cost of delivering audio online can help you to build a profitable "Tape of the Month" club in your industry without the duplication and postage costs.

Do the above with videos. Recording a new video every month or every week contains good hard hitting information. As access speeds grow for the average user, this type of site will become more and more popular every year.

Unique and interesting web cam sites have been profiting from subscription sites for the past year. The key to provide enough content for free while making the paid subscription site attractive to order and good enough to keep renewing every month.

How can you do a newsletter for money online when 1,000s of people are doing it for FREE. Being unique wins again. Not only must your information be the best out there, but you will also have to provide FREE bonuses along with the subscription which are worth the money people are paying for the newsletter. Let them know they get more VALUE than what they are paying for.

Selling web services is probably the most popular subscription item you can sell online. Every business must have a web site, and you can profit from it in practically any industry. There are a lot of web services out there which pay dealer commissions, but in my opinion Virtualis offers the best program because of their high commissions and unmatched customer service. They are available at: http://www.virtualis.com/vr/tdean2/

By far, the most exciting and profitable subscription sites are those which offer continuous up to the minute information. Sites such as stock market sites, commodities, and news which are updated constantly are the subscriptions which bring in the highest revenues (sometimes as much as $2,000 per month) and keep the most subscribers. If you are involved in an industry that HAS to have constant information, then you might just find this is the most successful business you could be involved in online.

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