Build Passive Income Streams
Tips On How To Create Passive Cash Flow Online
Hi Folks
Just lately new members asked questions about multiple and passive income streams. What were they and how to achieve them. My simple reply was - to generate profits consistently over and over again with little or no real work involved.
So how do you generate profits continuously, whether or not you are working at your home business?
These methods of making an income are called multiple income streams because they are in conjunction with your regular income, and they are called passive because you only need to create those products once. Once you create them, you can replicate them and sell them forever.
Let's look at different income streams that a home business owner like you can generate:
- Digital products. As a home business owner who works with customers, you should already really know what your customers are considering as well as the information they are looking for.
Turn this information into something you can publish and promote it. Depending on the theme and the information, you can create digital products of various lengths.
- Audio/Visual Products can be shipped in several formats. They can be instantly downloaded from your internet site in various and numerous popular audio track or video formats.
- Tele-classes. Coaching classes via a Web seminar is a good way to demonstrate your experience to many people at the same time and offer coaching or consulting sessions at a lower price point.
Materials taught and discussed during tele-classes can be re-used to create tips and advice eBooks, special information and visual products.
- Workshops. Workshops may be used to teach to many people simultaneously, rather than doing one on one lessons.
- Affiliate Programs. There are two different ways to use affiliate programs for an additional income stream:
1. Creating an Affiliate System for your products. Showing product products with people who refer new clients to you, and helping them create an additional income stream.
2. Recommending Different People's Products, through their affiliate program, and thus creating another income stream for yourself.
As you can see, there are many ways for you to turn your knowledge and experience into products, and generate additional income. If you are just starting out, pick one or two different product types, and work on them. You can always add more after you gain some experience on how best to work with it.
I know I have made it seem simple but it really is quite easy to create and generate more than one income source.
So thinking caps on folks and see what you can come up with. You might like to share your thoughts with the other members of our community via a comment below.
Have a great weekend and be successful.
Robert Allan
Recent Comments
53
Thanks for sharing this info - a great reminder of such an enticing concept - a passive income! Yesss one day for sure and many paths to choose from...
Hi Soraya and thank you for your comment.
A few good ideas to make yourself some money.
Due your due diligence first though.
Have a good day and the week ahead.
Robert
Hi Josh and thank you for leaving a comment.
A lot of good ideas within the graphics so take your pick and see if its something you can develop into an income stream.
Enjoy your day.
Robert
I dont think I've reached that level to do that yet because even a common domain name i don't have it yet still using siterubix.com. anyway it is a great blog i love it i will save it and read it properly the day I'm well organized. Thanks Sir Robert .
Hello Beauty and thank you for reading my blog.
I'm sure the tips and advice in the graphics will help you decide if you ever want to try this method of earning money online.
It does take a bit of work though so think about what you want to do first and do your research.
Have a great Saturday evening.
Robert
I take it you mean the one I gave to Beauty?
Thank you for reading my blog as well.
Lots of good ideas for those who want to expand their home business.
Have a good one.
Robert
Hi William and thank you for reading my blog and of course for leaving a comment.
Lots of great ways to generate an income William.
Perhaps there are one or two that caught your eye.
Worth a browse and then some further investigation.
Have a good one.
Robert
Lots of the young folks creating Apps and making a bundle.
I personally wouldn't know how to go about it but each to their own way of making cash.
I'm off out for a wee while.
The sun is hing and the birds are singing.
Maybe catch you another time.
Robert
Hello Terry and thank you for taking the time out to read my blog.
Hope there were enough tips in there for you to give serious consideration to.
You never know but one or two could have struck a cord with you.
You know what they say - you will never know until you try.
Have a great weekend.
Robert
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Well done and thanks for this awesome tutorial
you have given us great tips and ideas
you have hit the nail on the head here with this lesson
online is the place to be and this is where it's all happening
thanks again
Cheers PB
No probs and hope the blog has given you food for thought on the possibilities that are out there away from the conventional marketing format that most newbies follow.
Have a great day.
Robert