Let me take
OptIn Lightning
for example...
That’s not considered residual income right. Technically -- because no one’s paying a recurring fee
for the software. But guess what Louis. We still sell $3,000 a month of that product.
Now I split the money with the programmer and I only make $1,500 a month, but it’s money that I
can use to feed other programs. And every little bit helps.
And that’s mainly through affiliate traffic.
Exactly. It fuels the other affiliate programs that I get involved with and promote. Plus I have
Lightning Track
and
Lightning Popup
. Now
LightningPopup.com
that’s a real hot seller because it
works with any autoresponder. We sell tons of those. We’ve sold almost a thousand already.
And it’s only $6,000 but $6,000 is a lot of money if you sock it into an affiliate program which makes
you another six thousand a month and you take that six thousand a month into making fifteen
thousand a month. You see what I mean.
That’s how I work my businesses. I’m totally into the multiple income streams approach. And I’m
also not a one-trick pony. Which means I don’t like to focus on one thing -- I won’t box myself into
one thing. I want to do a lot of different things because I think that’s the key to being really really
successful online, is doing a lot of different things and not boxing yourself into one technique.
Okay. Can we list the four types of residual income again.
One type of residual income is promoting affiliate programs that offer a residual income opportunity.
Another type of income is creating your own product -- either a software or electronic book that
people buy. If you get creating an affiliate program with it ... I consider that recurring because if you
get enough traffic it’s going to sell forever.
I still make sales on eBooks that I’ve had out there for years like
BrianGarvinSecrets.com
...
Gary
Shawkey’s Secrets
. I still make three or four hundred a month with that. And it just sits there. It’s
not a lot, but every little bit counts.
When the product was first launched I made about $8,000 with it just selling it to my list ... so it was
a really, really hot product.
And you mentioned also membership sites and...
Yes, another way of making residual income is a membership site. I’m the owner of
LeadLightning.com
-- a new autoresponder service with the back end comp plan, I’m sure you’ve
already heard of it Louis ... you’re a member so you know what I’m talking about.
It’s a really good service and that’s true residual income because the money comes in every month.
I’m part owner of it and my first check should be around seventeen or eighteen thousand, and that’s
net.
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