2 Popular Online Income Streams
Whilst there are many different ways to earn online income, two popular online income streams to generate a part time or full time income are network marketing and affiliate marketing.
These are both good online businesses to start as you get can started for very little money and they are not difficult to do. You just need to be prepared to learn the skills to market online.
Network marketing, which is the same as multilevel marketing (MLM), is a way of earning commissions by selling a product or service. With network marketing you are building an organization and every time you sign up another business builder they will fall into your downline. Currently, my favorite network marketing program is MyWorldPlus.
This is how you earn residual income, as you will receive a percentage of the sales made by all the people in your downline. This means that the bigger you build your organization (your downline) the more income you will make. Also all those that sign up under you will earn commissions from everyone who signs up under them.
Affiliate marketing is a little different in that you earn money for selling other people’s product or service. Don’t worry you do not have to be a salesman! Selling online requires that you send people to your website. Affiliate companies will provide you with a free website or you can get your own affiliate marketing website setup on your own domain, such as the “My Affiliate Power Site“. This way you can market different affiliate programs on your own website and focus on marketing just one site.
Your main focus, for both of this online income streams, will be to find the most cost effective online marketing methods to generate lots of targeted traffic to your website. Whilst there are many different ways of generating traffic online, some are time consuming and free and others are quicker but will take more money.
Firstly, find out which way of generating traffic you want to learn about, then when you have found a method that you like and can afford, focus on learning everything you can about that method. Once you have mastered that method then move on and learn other methods.
Things change often and quickly on the internet, so avoid putting all your eggs in one basket when it comes to your traffic generation techniques. Rather have 3 to 5 different methods to drive traffic. However, do not take on too much all at once. Start with one method first and add another method once you have perfected the first method.
Remember it is a number’s games, so do not expect to get rich off just one product or one way of driving traffic. As only a small percentage of the people will actually buy from you, you need to generate a lot of targeted traffic.
There are many online income streams available on the internet, so find the method that appeals to you. When you have made your choice then focus on the best methods of generating targeted traffic and then just rinse and repeat until you are making the amount of money you want to make.
Click on the banners above to learn more about my two favourite streams of online income.
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