The Different Roads of Passive Income Generation
There are numerous paths that will allow an individual to achieve a level of passive income generation. I am involved with a few different programs – all that work for me – that allow me to set up systems and drive traffic that will ultimately create residual and passive income streams, all from the comfort of my home.
So what are some of these passive income generation techniques? The methods that I participate in are: blogging, affiliate marketing, mlm or network marketing and referral marketing. I’ve been involved with the cash gifting activity in the past, but I no longer promote gifting as a passive income generation technique due to legal issues.
Passive Income Generation Through Blogging
Setting up a blog today is a very simple thing to do and one of the key platforms I use for passive income generation. By writing about topics and subjects that I am already interested and passionate about, I can drive traffic to my site that consists of like-minded individuals and this “automatic” traffic is the foundation for passive income generation. This allows me to monetize my blogs in different ways, all which create a passive lifestyle.
Passive Income Generation and the Empower Network – It Really Works!
While I often will create a unique domain name and set up a WordPress blog on my own, generating traffic by ranking well on search engines can take a bit of time. A shortcut to passive income generation when utilizing the blogging platform is by getting involved with a system like the Empower Network.
There are a few reasons to join the Empower Network that make sense. First of all the blogging network of EN allows marketers access to a huge opportunity to leverage the content of their fellow marketers. Mainly you will benefit from content on the network by being able to achieve higher page ranking in the search engines. With a new blog this could take quite some time, but with EN you could be achieving the higher rankings within days.
As far as passive income generation is concerned, the Empower Network is a wonderful opportunity for those that are just getting started online as well as providing another opportunity for those of us with a little more experience.
Monetizing Your Blog For Passive Income Generation
In terms of monetizing your blog, that can be done in a variety of ways. If you are able to drive enough traffic to your site then putting adsense advertising is one way of passive income generation. You can also sell spots on your blog to others for banner advertising, although I choose to put affiliate banners in many of those locations.
The more traffic that you generate to your blog, the more opportunities you have to be able to create varied income streams, so traffic generation is key to your overall success.
Affiliate Marketing and Passive Income Generation
Posting affiliate links in different locations on the Internet can be a phenomenal way of developing passive income. While this isn’t necessarily “passive” in the literal sense, if you post links and create articles with links to different affiliate programs, you can get a similar passive income generation feel to your efforts. Once you have a certain amount of traffic coming to a sales page for your products then it is more of a matter of maintaining the site and the traffic.
MLM and Network Marketing Passive Income Generation
This may be one of the better methods of developing a passive income, but I you have to be careful here as network marketing, while being a business model that I absolutely love, is not without its problems. For example, by their very nature, network marketing programs require some type of constant purchase of products whether it come through an auto-ship or through the sales of product to different customers outside your home.
The problem generally lies in the fact that most people cannot afford an auto-ship over an extended period of time and many folks don’t take the time, don’t feel comfortable doing or are too consumed with their current work lifestyle to go out and sell products. So what is the solution?
In my most humble of opinions, the simplest method would be to learn to generate a small amount of income with a more simpler program and use the profits from this type of program contribute to the marketing and advertising budget of a larger, more complicated program. You can use affiliate programs for this purpose or you can use other methods like referral marketing to do this as well.
Ultimately, network marketing is more of a long-term type of business model and success within this field require more experience in business and marketing, all that can be gathered by promoting more basic business models first before moving into this field of passive income generation.
Referral Marketing: My New Favorite Passive Income Generation
It’s no secret that I like simple money making programs and there are very few that are simpler than the programs from Zip Nada Zilch, the ZNZ One and ZNZ Big Cash programs.
As referral programs, these systems require you to participate in them before you actually are in a position to refer others to them, but that is actually a good thing. With the ZNZ programs mentioned above, you are required to participate in trial offers with different businesses. You can cancel your account before you are ever charged a membership fee or you may choose to keep the product or service. Once you sign up with your trial membership however, you are then eligible to refer others to the site presenting you with the opportunity of passive income generation.
Like affiliate marketing, this type of program is all about generating traffic to your site. I recommend using a blogging platform to locate and attract targeted visitors to your site, but once done through article marketing, video marketing and more, you will be able to enjoy the benefits of a residual income. One of the keys with these programs is making sure that you have a marketing system in place like the Online Payday System.
In the end, learning to utilize the leverage of the internet along with using marketing systems and a good income earning program is what will see you to your goals. The opportunity for passive income generation has never been so available for so many as it is today.