4 Ways To Generate Multiple Streams Of Residual Income
Residual income opportunities are everywhere. Creating multiple streams of residual income is something Internet marketers are doing all around the world.
Let’s talk about four ways you could create residual income that pays you in the future for work you are doing right now.
1. Local business websites. Much has been written about doing marketing for local business owners.
One interesting twist on this is to build websites around local business keyword phrases. You can rank these sites and sell advertising to local business owners.
The great thing about this approach is you own the site and make money on the advertising. Over time you can have hundreds of these sites making you money.
It is easier to rank for local business keyword phrases than it is for other more competitive phrases. Therefore it doesn’t take a lot of work for you to maintain these rankings and your income can continue even when you are not working.
2. MLM business. Build a downline in an MLM business and make money on the efforts of others. The larger your group becomes the more money you will continue to make.
One trick that works extremely well is to branch out and create streams of income in more than one network marketing company. This allows you to protect yourself in case one specific opportunity begins to drop off.
The more opportunities you are in the more money you can make. The Internet allows you to set up systems for prospecting and sponsoring. It will even do the training for you so you can run a very hands-off business.
3. Email marketing. There are Internet marketers who have mailing list of thousands of people. Storing these names in an email auto responder allows you to develop residual income even when you are not working.
You can pre-program your responder to send out messages several years in advance. Every time a message goes out that offers a product for sale you can make money.
As your subscriber base gets to know who you are you can develop a residual income selling products to it. And every time you want to make some additional money you can send out a new message which only takes a couple of seconds to hit the submit button.
4. You can join a program such as My Affiliate Power Site (MAPS), which acts like a downline builder. It helps you develop a downline in multiple affiliate programs, which gives you multiple streams of residual income. You can choose to just promote your affiliate link or to increase your chances of earning money from MAPS order your own website embedded with all your affiliate id’s.
These are four residual income opportunities you can use to create multiple streams of residual income. As a matter of fact you could develop a residual income doing all four of these as each one is independent of the other.
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