I was chatting with a friend yesterday morning and he asked what business I do. I responded by telling him that I am an affiliate marketer. He wondered what affiliate marketing was. That was the point at which I decided that writing on multiple streams of income ideas you can choose from as a means of empowerment will be a good idea.
The global economy is on the down turn. Inflation is on the increase globally. What is the effect?
You may be among the 95% of the world population badly affected by the rising cost of living.
Inflation greatly raises the cost of living making it very difficult for the great majority of the people to cope with real living.
As a result of the difficulties the working population has one of three options to choose from.
- Reduce the standard of living to match their income. This is the popular option and yet the worst. Here people resign their lives to fate. This results in not really living but merely existing as such people give up what they love to do.
- Resort to borrowing in order to partially meet up with the most basic standard of living that is manageable.
The people in this group are worse off as they will never read out aloud to you the woes, sorrows and burden they pass through with borrowing and owing.
- Increase household revenue.
This is the smarter option but least followed by the people that actually needed it. Finding a flexible way to additional streams of income is the smart way for people with open mind. It is the path traversed by the less fearful and yet careful.
Increasing household revenue will mean finding some ways of getting some passive income or choosing from some other possible streams of income. In the choice of list given below, I simply assumed that you have no in debt knowledge of making money online. Otherwise you may not be interested in this article.
I will explain three areas you may wish to explore to increase or add other streams of income. The reason for the three chosen below are based on the fact that they are relatively easy to do whether you are new or experienced in the online business world. Another reason is that they are proven method of income generation. Yet another reason is that I have a little experience in these three. They are all streams of income for me.
- Affiliate Marketing
This is relatively easy to do. Affiliate marketing is a type of marketing in which an individual chose to promote the product of another company or individual for a commission. You can sign up to promote certain products or services on your blog or website, and in return you will be paid either a flat commission or a percentage of the amount of the sale concluded.
For this to work well and be one of the reasonable streams of income, the following are the basic requirements:
- Blog or website
- Affiliate account with the company you are promoting their account.
- Regular content to promote the product.
- Means of generating traffic to the blog or website.
In affiliate marketing, when the necessary factors such as keyword, on page and off page SEO are done well, your pay cheque will be literally fat.
A number of websites are very popular for their affiliate programs. Such websites include Amazon, ClickBank, JVZoo etc. Amazon is among the most popular and is very new bie- friendly.
- Network Marketing – Network marketing, or multi-level marketing, is increasingly becoming popular. So many companies are involved in the networking business.
. You can earn a reasonable passive income through network marketing by building a community or team underneath you. Once you have a large team you can earn commissions off of their sales without having to do much work repeatedly.
What to Consider Before Joining a Network
In order to profit maximally, there are a number of factors to consider before joining a network marketing organization or company. If these considerations are ignored, it may mar the effort to make it one of your streams of income a failure. These are:
You must first consider whether you have interest in the product that the company is networking on. This is very important if the person must be sustained in the networking business.
2. How valuable is the product?
This is an important consideration. The company will progress faster if the product is value to a large number of people.
This means that if a company has no product or services, it will likely not go far. In fact, I consider such companies as scammers. You should beware of such companies.
3. How essential is the product?
A product is considered essential if it is not just for luxury. Products and services that relate to health, wealth, food, shelter, and clothing may be considered essential.
4. How reliable is the company
Some companies are known for shady deals and cutting corners, for example, evading tax. Such companies will also cut corners when dealing with you. If your commission becomes too much, they will find a way to short change you.
5. Company history
Have they had incriminating case in some counties? Are they debt free? Have they cases pending in the courts? These are important considerations that will help you distinguish between scammers and genuine network marketers.
Network marketing, when done well, can give you a lifestyle that is extraordinary.Bill Gates is a network marketer and he was the richest man in the world for a number of years. I have network marketing friends that make between 12 – 15 million naira every month.
Trevo is one of the networking companies of consequence. The only product that they produce and market is a unique supplement that is in hot demand the world over. Its compensation plan is such that you have an open cheque before you.
Trevo highest earner in Nigeria takes home nothing less than 9 million naira every month. Not even all the politicians in Nigeria get that kind of money. If you are willing to network with the big boys and girls, here is the next billion dollar brand that you can join today. Since joining it on December 13, 2016, I have received our bank alerts all of them 5 figures. I hope that soon it will rise to 6 and then 7 figures that I aim at before 18 months time .
So making Trevo as one of your streams of income today is wise option. Now is the best time to join the next billion dollar brand. and of course, I will be there to take you by the hand so that together we will be healthier and wealthier. Who is ready?
Publish and Sell an eBook Online – Self Publishing is increasingly becoming popular everyday. Quite a large number of the books on Amazon are self-published. Self -publishing is also relatively very easy and cheap.
You will not appreciate how easy this can be until you have given it a trial.
Self-publishing a book requires that you will first write and edit it the book, create a cover for it, and then upload to a program such as Amazon’s Kindle Direct Publishing.
Like most businesses, you should not expect instant success. There will need to be a lot of upfront work in terms of marketing before you can turn this into a passive income stream. Will you add self-publishing as one of your streams of income?
Adding another stream of income to your income is so important for anyone that will not go a begging or living ordinarily. Procrastination is not healthy. Make a choice of which of these three streams of income to add to your income and start working on it. After the two seminars I have today, I am adding an affiliate marketing website as part of my gift to myself on this special day of Ides of March 2017.
Of course, I expect that will have questions and challenges along this journey. I will be available to answer them. Just leave your comments and questions on the comments section or use the contact form to reach me.