Repeat Business Equals a Residual Income Stream
Residual income comes from other people reacting to a single action by the business owner. What better way to secure residual income then through repeat business? At its very heart residual income and repeat business go hand in hand. The most successful businesses know this and that is why they are successful. All it takes is impressing someone once to earn their business and money again and again. So repeat business will always equal a residual income stream.
The large corporations know and believe in repeat business. It is much easier to get repeat business than to get new business. It is also easy to build upon repeat business and use it to create new business. Every business owner will say that repeat business is essential to business success.
Repeat business is basically when a customer returns to a business to buy again. They have already been there once, liked what they got and came back. Chances are they also told some friends or family about their experience, too. Referrals are a big business builder too. People are more likely to shop somewhere if they were referred by a trusted friend or family member than simply through a response to advertising. Repeat business is more than it seems. It shows the business owner they are doing something right and that they have great products. The business owner who gets a lot of repeat business is going to be successful because he is building up a customer base of loyal people who believe and trust in the business. When customers become loyal they are usually customers for life.
Repeat business is a residual income stream that is secure and guaranteed. There is no other thing in residual income business that means more than repeat business. A business owner who is trying to discover the secret to success can stop when they discover the importance of repeat business. To capitalize on repeat business a business owner must understand how important it is. They have to treat these customers with the same loyal attitude they have. Many businesses have implemented customer cards that provide discounts and benefits to loyal customers. This is one example of a business capitalizing on repeat business. They are showing the customers they are appreciated and that they recognize their importance.
Overlooking repeat business and its impact on business is a fatal mistake any business owner can make. Business owners need repeat business to have that residual income stream that will make them successful. Every major corporation makes a large percentage of their profits form repeat business, which just goes to show how important it is. If the big guys are using it and benefiting from it then it obviously is an important factor in business success.
Related Tags: home business, work at home, residual income, internet business
Diep Tran is Internet marketer, owns a Plug-In Profit Site and webmaster of Internet Home Business Opportunities. http://www.Internet-Wealth.biz
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Using Keywords Effectively For an SEO Campaign
Keyword research is one of the most crucial parts of an SEO campaign. If you end up choosing the wro - Search Engine Optimization Copywriting Tips
SEO copywriting is not as technical as it sounds but is different from traditional copywriting for t - 3 Tips to Make Money Using Videos
For the last five years video has been a real success in the internet. Now you can find video in alm - Is Social Media Networking Your Next Strategy For Your Online Marketing?
When you try to work on online promotion and online marketing, social media especially social media - Submitting a URL of Your Website
People who make a website usually do research on how to improve not only the quality of their websit - 5 Bad Habits of Article Marketing
There are many ways to advertise your company but having a highly ranked website is the best. Most p - Facts About SEO Services Company
SEO services companies are becoming very popular in the internet marketing world but there are some - 4 Ways Search Engine Optimization Can Be So Powerful
Whether you are an affiliate marketer, small businessman or a large organization, your first step wh - A List of 3 Options For Internet Business
The trend of making money through online business has become trendy now a day. People are shifting t - Getting the Best Affiliate Products For Your Site
Making money online was never so difficult before. There are numerous ways through which you can mak
Most viewed articles in this category:
- The Revolutionized Ebay Etailsolution Software
With the help of eBay, the auction business has received a new meaning. With the help of the many eB - Internet Millions - by Ryan Orrell - Honest Review
REVIEW: "Internet Millions", by Ryan Orrell, is a refreshing new kind of internet marketing e-bo - A Google Adsense Addiction
54% of all Google Adsense publishers admit addiction to click income. A recent online study conducte - Lead Generation for Top Residual Income
At the heart of any good residual income business is a person who knows how to generate leads. Lead - Make Money With Information Ebook Products: The Other End
I don't like thinking of myself as the kind of person that has made it rich on the internet, but in - The NFL & United Way
There are many ways that NFL players help with the United Way. First of all, they donate a lot of th - Seo - Making Money Writing Seo Reviews
If you are a reviewer or critic you are likely to find work writing reviews of products and services - Understanding Perfume Types
Understanding the various varieties of perfume can help to cut through the difficulty in selecting a - Ecommerce Basics: Three Things To Avoid
When you decide to put your ecommerce website together there are a few mistakes that are easy to mak - Ecommerce: Profit In Data Feeds?
You've been to a shopping engine online. You know the kind, a place where you can do comparison-shop