Residual Income Business Lagos Nigeria - Sample Residual Income Business.
Opportunities To Make Money!
In simple words . . . income from a residual income business compounds and grows exponentially because you continuously get paid for previous businesses in addition to being paid for current business done.
Residue Revenue Business - How To Identify It And Profit From It
To benefit from residual revenue business in Nigeria, you first have to know how to identify an opportunity that qualifies to be called such.
There are four key elements of a good residual income business . . .
Sample Residue Income Business
Now you know the theory behind residue income business and why it is so popular.
Now the big question, "what businesses in Nigeria or outside Nigeria offer this kind of remuneration that Nigerians can benefit from?"
That is a good question. And I will answer it by providing two specific examples you can benefit from.
The 5 Pillar Affiliate Program
Sitesell Inc., a Canadian company, offers an online business building software called Site Build It! (SBI!)
This software has helped thousands of people worldwide build their dream home based internet business.
The owners of SBI offer an exciting affiliate program (called the 5 Pillar Program) that pay affiliates two levels of commission.
First level commission - Get $75 USD when you refer a customer who purchase SBI
Second level commission - Get $25 USD commission when the customer you refer brings a customer who purchase SBI
SBI pays commission for life.
This means you keep getting your commission as long as the customer you refer keeps renewing.
What is the cost of SBI!
SBI is priced at $299 USD per year. And it has a high repeat purchase rate.
Every time your clients renew, you get paid your commission . . . even if it's 10 years after you initially made the sale.
Cool! This is true residual income business.
Seamless Solutions Affiliate Program
Seamless Solutions is a Nigerian company with offices in Lagos Nigeria.
The company offers online business training solutions for individuals and organizations.
When you become a member of the training affiliate program of Seamless Solutions, you get paid per participant you refer to their training program.
The good thing about this affiliate or associate program is that . . .
1. It pays lifetime commission to members
2. Members can earn as much as 500,000 Naira (or more) per month and
3. It's a perfect example of a residual income business
P.S: Network marketing is another example of a residual revenue business. Unfortunately, many network marketing companies focus on giving members juicy compensation plan thereby over-pricing the products in the process. Consequently, many network marketers find it difficult to sell these products and eventually stop the business. The Seamless Solutions referral business (or affiliate program) is highly recommended because it combines affordability with good commission pay-out.