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SpinDistribute.com Article Directory

The following article was published in our article directory on April 18, 2013.
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What Are the Best Sources of Recurring Income?

Article Category: Business

Author Name: Harry Mazei

Recurring income refers to a steady source of income which can be predicted to continue for a long time without causing any drastic changes although there is a great possibility for the income's end sources to change. It is different from one-time or non-recurring income since it refers to revenue which you can earn only once. For certain businesses, the ability to build a more dependable source of income is extremely important in guaranteeing their stability and longevity. A business without dependable income would suffer from being unable to sufficiently meet their expenses. Businesses without a more stable and continuous source of income will also have a difficult time establishing their future plans.

If you are among those who dream of enjoying recurring income so you can easily enhance your financial stability, then be aware that there are numerous sources for it. If you are a business owner, then take note of the fact that you can actually enjoy recurring revenues by establishing a kind of business model which is dedicated to providing such income. An example of this would be utilities that are completely dependent upon the regular payments made by customers. While there is a great possibility for your subscribers to change every now and then as they switch to other services, total payments can be expected to remain the same.

This also holds true for businesses offering subscription services such as websites and magazines. If you focus on offering subscription services, then it is advisable for you to dedicate your efforts in establishing a huge number of customers so you can maintain higher recurring revenues while also retaining them through promotions and any other means of raising their satisfaction.

When planning to find the best sources of recurring income, you should remember that this type of revenue actually comes in 3 levels. The first one is capable of producing a high level of revenue because of its extreme exclusiveness and expensiveness. Examples of this usually include phone consults or unlimited coaching with patients and individual clients. The second one is the middle level which allows you to acquire an average level of income. Among the best sources of this income level are online training and teleseminars. The last one is the low level which is popular because of its inexpensiveness. It is something that everyone can afford. It offers the highest level of revenue for you since it is low-cost. Some of the best examples of this are newsletters and websites that are mainly based on memberships.

Note that you can also enjoy recurring income through distribution rights. This involves the establishment of a special system or software or a special course. In this case, it is possible that you wish to avoid selling Private Label Right (PLR) for your creation outright since there are certain contents of it that require a huge sum of money in order to be continuously expanded. If you are under this situation, then a wise advice is to market distribution rights for the course, system or software that you have created. This is a huge help in enjoying a continuous stream of income from your creation.

Keywords: Internet Marketing, Network Marketing, Affiliate Marketing, Business Membership Multiple Sources of Income, Recurring Income, Residual Income

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