Thursday, January 24, 2008

Home Based Business Residual Income Ideas

Home Based Business Residual Income Ideas by Gianfranco Focarelli

Residual Income is income earned on an ongoing basis for effort done once in the past. It is also known as Passive Income and when it comes to your home based effort the idea is to get paid over and over for doing the work one time.

In this article let's look at 3 home based business residual income tips to help you choose the right products and programs to represent.

You are better off to choose residual income programs that pay you on the efforts of others. This means that you will have to recruit salespeople to do selling for you. The obvious benefit to this is duplicating yourself and multiplying your efforts without spending more of your personal time

If you recruit a salesperson who can spend 40 hours a week selling and you can spend 40 hours a week selling, ou now have 80 hours a week being spent building a residual income. What if you had 10 people who could spend 40 hours a week? You now have over 400 hours a week being spent creating residual income for yourself.

One way that this has worked out over the years is in the network marketing industry. Network marketing creates residual income for you when you build a downline of distributors who are buying and selling products. With every product that is sold you earn a commission.

Another excellent way to create residual income is 2 tier affiliate marketing programs. Although you will not be able to create depth in a downline distributorship like multi level marketing, you will be able to enroll front line affiliates and get paid on all of their efforts when you are in a two tier affiliate marketing program.

History has shown that strong affiliate marketers can be excellent people to recruit because they are very sales oriented. Many network marketing people are average ordinary people who join a business opportunity with the idea that they can get rich.

Unfortunately most people who join a network marketing business will never sponsor anybody personally. Therefore, you are never able to generate a large downline of people like this. However, if you play the numbers eventually you will find enough frontline network marketing distributors that will go on and build a group of their own.

However you choose to do it the best home based business residual income tip we can offer you is to spend your time recruiting. One way to create residual income and duplicate yourself without spending more time doing it is to get paid on the work of other people.

Airline Miles Credit Cards - Survey & Comparison

Airline Miles Credit Cards - Survey & Comparison by Robert Alan

At one time, there were not many airline credit cards available for you to choose from. The first of the airline miles credit cards was the Citi AAdvantage MasterCard, which is still available today. Though this card had plenty to offer, it wasn't necessarily the best airline credit card for everyone.

The Evolution of Airline Credit Cards

Over time, airline miles credit cards began to evolve. Soon after the Citi AAdvantage MasterCard hit the market, the United Airlines Mileage Plus card was offered by through a partnership with United Airlines. Shortly after, Continental Airlines followed suit with the Continental Airlines World MasterCard. These leaders in the airline miles credit card industry started what has become a widespread credit card option for frequent travelers.

Partnering with Airlines

The partnerships formed between credit card companies and airlines put a new face on airline credit cards. Today, there are just as many airline credit cards to choose from as there are airlines. The majority of these airline credit cards pretty much the same, though the subtle nuances can vary from card to card. With all of these cards, the miles you earn are good for use with just the airline named on the card. The only exception to this is if the airline has sister companies. In this case, the miles may be good with the sister airlines as well.

Generic Airline Credit Cards

In addition to the vast number of airline credit cards that are formed in partnership with airlines, there are many generic credit cards. In this case, the word "generic" doesn't stand for off brand or low quality. Rather, these cards allow you to earn airline miles that you can use with any airline of your choice. Usually, these cards work by assigning each airline mile a monetary value, usually 1 or 2 cents per mile. You can then use these miles to purchase a ticket through the credit card company that the company has acquired from the airline at a discounted price.

With generic airline credit cards, you are provided far more freedom in deciding which airline to use. This allows you to select the airline that is running a flight at the time and location that is best for you. It also allows you to take advantage of market fluctuations in ticket prices from one airline to the next.

Additional Perks

In addition to the number of miles it takes to earn free travel with airline credit cards, you should consider the additional perks offered. For example, so airline credit cards only provide special discounts for air travel. On the other hand, some cards allow you to redeem your points for other travel related necessities, such as car rentals, cruises, hotel stays, and vacation packages.

You should also pay attention to the special incentives offered by airline miles credit cards. Some allow you to earn bonus miles through certain purchases. For example, you might be able to earn bonus miles with a credit card that has partnered with a specific airline if you make purchases from that airline on the credit card.

In addition to incentives, some airline credit cards provide sign up bonuses. It is fairly common for an airline credit card to offer 5,000 bonus miles after using the card for the first time. The Gold Delta Skymiles Credit Card and American Express Credit Cards offer 10,000 bonus miles. Of course, you need to look out for how many miles it takes to earn a free ticket. The average number of miles needed with airline credit cards is 25,000, but you should always read all of the fine print first before making a decision.