The best home business is the businesses that can generate a residual income for you

What is residual income?

Here we are not interested on the general definition of the residual income, but in the definition related to home business residual income that can simply mean the net profit of your home business monthly. Residual income is having the opportunity to receive income from your home business month after month, just by doing the work once.

The simplest example of residual income businesses is network marketing, when you sign up a new member to your network marketing opportunity and then get paid a commission on this sign up every month as long as this person stay in the opportunity.

The popular network marketing opportunity MyWorldPlus is a $19 per month opportunity, John is a networker promoting his MyWorldPlus opportunity and he sign in a member (Stacy) in his team, John will get an instant $25 commission then a $12 monthly commission as long as Stacy stays in the opportunity. That is residual income business opportunity, John have signed up one person from an effort he made this month, but even if he did nothing next month he will still gets the commission from this sign up.

But there is more with MyWorldPlus, if Stacy signed ups a new member (Rachel) John will earn an instance $8 commission and then a $4 monthly commission as long as Rachel stays a member even when John had nothing to do to bring Rachel to the opportunity; That we call Passive Residual Income.

Home based business residual income is a great concept that everyone has the ambition to be rich from home based business need to implement on his business. There are other residual income businesses than network marketing; you can make a residual income from affiliate marketing when you have the right affiliate offer.

For example, I have signed up with an article marketing service to promote my website. But after joining I noticed that they offer their member an affiliate program to promote their business. And they pay 50% commission. Then I started to promote this offer, almost all webmasters need a service like this one. It's called Unique Article Wizard. And let's say you want to promote an article marketing affiliate offers, and you have 2 offers to choose from.

1.      Uniquearticle wizard

2.      Article marketing robot

Both are great products and very effective, but when you sell the article marketing robot you will earn an instant $38 commission, and that's it you will need to generate new sales next month to get paid. In the other hand if you promote unique article wizard and made a sale you will earn $29 commission, but will continue to get $29 each month as long as the subscription remains.

Let's say you can make 10 sales each month. So if it's the article marketing robot you will earn a $380 each month and after 10 month you will earn $3800 total. But in the unique article wizard case you will earn $290 the first month, then $580 the next month and after 10 month you will be making $15950.   To explain the residual income: Let’s say you have a product and you earn $50 per sale, and each month you can get 10 customers to buy from you; so you will be earning $500 each month. But with residual income you will get the $50 for each customer every month, which means in one year you will end up earning $6000 per month and increasing.

Do the sale once and earn every and each month you can keep your clients.

Better than this example is the perpetual income opportunity that is a passive residual income opportunity. With perpetual 20 you will promote a full home business opportunity with great products, training and resale rights. And earn high commission from each sale you make then you will earn more money from people you bring to the opportunity and earn a commission from their promotion effort.

The highest residual income will be generated from network marketing, when you earn a direct monthly commission from people you signup in your team, then earn another commission from people they signup. This way you will be generating a residual income not only from the work you are doing, but also from the work your entire team are doing.

Even more when the opportunity offer deeper commission or a bonus from the profits of the entire company, a great example is the MyWorldPlus that offer the best pay plan in the market today.

Here Are Top Residual Income Business Opportunities

1. Ewen Chia Perpetual income opportunity; a very simple yet powerful residual income opportunity that first of all help you establish your own online home business, with the training and tools you need, then help you to start making a residual passive income by sharing the opportunity and the products. Very Recommended

2. Plug In Profit Site business opportunity, With plug in profit site you will get a fully automated home based business with 6 residual income streams. With this powerful opportunity you will get a free website with free hosting, and a full 30 days marketing plan and training so you can start generating residual income as soon as possible. It's not only a great opportunity for you but also a great opportunity to share with others, people you bring to this opportunity will get all the training and help they need to establish their own money making business.

3. MyWorldPlus we talked about this network marketing opportunity, it's the top rated and most populare network marketing and MLM business opportunity online.

4. PROFITmatic is also a powerful network marketing opportunity that allow you to share profits from all members in the program and generate your own residual income by sharing a great products.

See a list of top network marketing opportunities at Network Marketing Opportunities

Top affiliate programs and affiliate networks with residual income and 2 tier affiliate commission

Markethealth affiliate program, it offer some of the best health and beauty related products on the internet with up to 50% commission in a recurring payment.

MoreNiche affiliate program, also have some of the high in-demand products from health, sexual health, beauty and weight loss products, it pays high commission in a recurring base, monthly.

Forex affiliate. Forex is one of the top money making niche world wide, and at Forex affiliate. you will find the top paying affiliate programs in a residual income base, those Forex affiliate programs also pay you a 2 tier affiliate commission.

Internet Marketing Tips affiliate program. The best internet marketing related products online with monthly commission.

High Profits is also a popular affiliate network that have internet marketing and money making products with high commission and some with recurring payments.

Why Residual Income?

We said that residual income is all about doing the job once and get paid for ever, let's say you joined Plug In Profit Site and started your own online home business with PIPS, and started to promote this business.

You will need to make some hard effort at first to start generating leads to your Plug In Profit Site business, but in your first year of promoting this business you have managed to get 50 members to join your PIPS program and all of them joined the 6 income streams of Plug In Profit Site and all of them started to do the same as you. And each member started to generate $100 in total commission first tier.

That will mean you will be earning a $5000 monthly only from first tier commissions even if you stop working at all. This commission will not only keep coming but it will be increasing for sure because the second tier commission could reach a higher level while your members are building their own residual income.

For example one of my Plug In Profit Site members "Nancy Jones" is making a $4400 monthly (right to feb-2011) and I am earning more than $1000 as a second tier commission from her work. Only if I can have 10 members like Nancy I will be a millionaire in no time.

That's why I love this kind of residual income home based business.

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