Use Passive Income to Massively Increase Revenue

Using Passive Income to Massively Increase Revenue

You may be wondering why you are not earning enough through passive income even with your network marketing business. Well, despite the name (passive) is does require some work on your part.

You may have seen YouTube videos that said “Make Money Online,” Earn Money While You Sleep,” while some of this may be true you actually have to put some effort into it in the beginning. You will need to set up your passive income streams and do all the required work upfront so the rest of it is more passive.

How many streams do you have? If you only have you’re counting on your network marketing business you certainly can’t expect that to make you rich overnight.

I think you probably figured that out by now, right?

Now is when you need to sit down and think about other ways you can make passive income that can even help pay for your MLM auto-ship.

There are a number of ways to earn money through passive income and the benefits to you as a business owner are great as well. Here are a few ways you benefit from passive income streams:

 

How You Benefit from Passive Income

 

Increased profits and revenue.

Of course the first benefit is more money. Having an additional income stream is like having a side job that you only go to a few hours per day. It requires only a little management but the possibilities are endless. There is no limit to the amount of money you can earn through these streams, it all depends on you and how much work you are willing to do each week.

 

Free up more time.

Who can argue with having more free time during the day? Passive income streams allow you more time to do other things since they practically run on autopilot after the initial setup. How many times have you wished you could take the day off and go with your kids to the park or spend the day at the lake? If you had several income streams working for you, this is what your day could look like. Ride bikes in the park, go swimming in the lake, or take a family vacation to some exotic place you’ve always dreamed of.

 

Those dreams can become real.

Once your income streams are set up and running on their own you can take a break. As long as you have an efficient marketing strategy in place to keep the traffic and the revenue coming in. You can’t forget your marketing of these streams.

Make sure they are well-designed and that you have the right ad campaigns and keywords chosen to run. This is how the business runs on “autopilot” after the first phase. Your marketing methods, ads, and email autoresponders will do the work you have been doing manually and do it much faster.

 

Establish Yourself as an Authority in Your Field.

This part right here is crucial! In fact, if you’re not already branding yourself and building your authority, I will guess you are struggling to get leads and build your business online!

Think about it…

Would you take the advice of someone you just met? Maybe, you might if there was not much risk. Would you spend money (hard-earned money) on something you’re not sure of? We tend to trust the opinions and advice of people we believe to be “experts” or knowledgeable in their field of study. A doctor often has several degrees showing his years of

The more work you put into your passive income efforts, the more knowledge you gain qualifying you as an expert in your chosen niche.

As an expert, you can take a teaching approach and put your time into course creation and have a digital product that you can sell to increase your profits and your following on social media sites if you market your course there as well.

 

Some Passive Income Ideas:

Start a blog from scratch. This is the easiest way to get started. A blog has so much potential, but it does take work in the beginning to get it going. Once you have some regular readers you can add affiliate products, earn with Google AdSense, or rent out advertizer space in your sidebar. You can do all three together for the largest amount of return for the efforts.

 

Buy an already established blog. This is easier than the starting one from scratch because it is already established, earned a rank in the search engines, and has regular visitors. All you need to do with this one is tweak it a little here and there and keep posting high-quality content. It’s already monetized if it’s earning revenue, so you just maintain it.

 

Selling affiliate programs. Affiliates earn anywhere from 4% – 75% depending on the vendors and the products themselves. There are a variety of programs you can sign up to be an affiliate for, such as Amazon, Clickbank, Rakuten, Commission Junction, and more.

The one I use actually pays me 100%!

I know! Crazy, right??

 

Create a guide or mini-course. Creating and selling your own digital products gives you full control and 100% of the profits. If your product becomes really popular and sales take off you can hire your own affiliates one day to sell for you. A course can run for 6 – 8 weeks or longer and you can charge one flat-fee, or a menu list of services.

This is easier than you think and believe me when I tell you, this is what the top network marketers are doing right now!

Oh, you thought that were making so much money just from their down-line??

Nope!…

 

Start a YouTube channel (works with the above). A YouTube channel can work in tandem with a blog or an affiliate site. Cross promotion is a strategy to maximize exposure to your brand or service and increase web traffic.

You link your blog to your channel and from your channel to your blog and other sites. You can also link to social media sites for an extra boost.

 

Buy real estate and rent it out (AirbnB). Most smart investors will find a property with income potential like a duplex, four-plex, or apartment building and pay the mortgage from the combined rents. If each unit rents for $500 and your mortgage payment for the property is $750 per month, you can make the payments using the renters money and pocket what’s left over.

 

Start a rideshare service or deliver food. Okay, This one isn’t totally passive, but it’s a pretty laid back way to spend a few hours per week or make a full-time income. Uber, Lyft, and Gett are rideshare services you access through an app. You can do rideshare or deliver restaurant food through Postmates, UberEats, Doordash, and etc. All you need is a few hours a week and a vehicle.

 

Become an investor. The newest trend for investing without risk is through peer-to-peer lending platforms such as Lending Club. You provide funding for loans and can start with as little as $2,500 and earn up to 10% per year. To minimize risk of losing any money you can invest $25 into 100 different loans, so the amount is small but the returns can be big.

 

 

Make a Plan of Action

Now that you understand how beneficial passive income streams are to your business, you can begin a strategy of planning out what you’ll offer and ways to deliver it. It can be in the form of any of the ideas listed above or others you may come up with yourself.

These are just a few ideas to get you started, but there and hundreds of ways to make passive and even residual income.

No matter how you’re trying to generate passive income, if you don’t have qualified leads that will buy your offers or join your business, you are not going to make it

CLICK HERE to see what I use right now and what my marketing buddy used to not only create passive, monthly residual income and build our businesses but, he actually recorded himself quitting his job! So awesome, check it out!

P.S  If you're feeling stuck in your business even after you did everything your upline told you to do... Take a minute to Check out my 3 Step Marketing Blueprint to learn how to start marketing your business without feeling like a pushy salesman. CLICK HERE TO WATCH

 

"As an introvert entrepreneur I don't particularly enjoy chasing strangers online, networking events, talking about myself on social media or anything else you can think of that involves selling! But, because I learned how to market online the right way, I don't have to do those things."

 

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