Repeat Business Equals A Residual Income Stream

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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.

Sources:
ezinearticles.com

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