Residual Income Opportunities You Can Use To Earn Streams Of Income
A huge variety of residual income opportunities are to be found on the internet. Many Internet marketers, all around the world, are making multiple streams of residual income.
This article discusses three ways you could generate residual income that pays you in the future for work you are doing today.
1. Local business websites. A great deal has been written about doing marketing for local business owners.
An interesting twist on this is to build websites around local business keyword phrases. Once you get good rankings for these sites you can sell advertising to local business owners.
The fact that you own the site and make money on the advertising is the great thing about this approach. After a while you can have hundreds of these sites making you money.
You’ll find it is much easier to get high rankings for local business keyword phrases than it is for other more competitive phrases. This means it wouldn’t take a great deal of work for you to maintain these rankings and your income can continue even when you are not working.
2. MLM business. Make money on the efforts of others by building a downline in a network marketing business. As your group becomes larger the more money you will continue to make.
Something that works very well is to branch out and generate streams of income in more than one network marketing company. Should one specific opportunity begin to drop off this allows you to protect yourself.
You can make more money when you are involved in more opportunities. You can set up systems for prospecting and sponsoring on the internet. 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 lists of thousands of people. You can develop residual income even when you are not working by storing these names in an email auto responder.
It is possible to pre-program your auto responder to send out messages several months in advance. You can make money every time a message goes out that offers a product for sale.
You can develop a residual income selling products to your subscriber base as they get to know who you are. You can send out a new message, which only takes a couple of seconds to hit the submit button, every time you want to make some extra money.
These are three residual income opportunities you can use to create streams of residual income. In fact you could generate a residual income doing all three of these as each one is independent of the other.
Tagged with: residual income opportunities
Filed under: LeadershipBooks
Like this post? Subscribe to my RSS feed and get loads more!