Nowadays, it is true to stay that online marketing is very popular to make residual income all over the world. If you are just starting out, you can do own research to get multiple streams of income in home or apartment rental, e-book publishing, email marketing and so on. If you want to plug the fruits, you have to put the seeds in the soil. Likewise, you have to build your own business right now and you can generate passive income flow for your future. The success depend on how you feed your business and how you do commitment in it. There are many ways to generate multiple streams of income.
1) Webinar
Webinar is also called online seminar, and communicating with your customers or presentation will be made in real time all over the globe. It is very effective business model to make passive income because it save time for both owner of webinar and attendees without leaving their work or home. Even though the conference was finished, you still can record webinar and can sell it on your blog or web page. Moreover, you can give it to your customers for free and link with other advertising products to get more subscription or increase sales. It is very effective strategy as it maintain relationship for the long run and updating new products or information.
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2)Membership website
Membership website is one of the effective strategy that most of internet marketer used in online marketing industry to make extra income. It is your own internet business and your unique members subscribe and can access to your valuable content that they want with exclusive price. However, there may be free or paid one to get access to the information. This kind of membership website is one of the best way to build customers and convince them with quality content and give them them special offer.
3)Subscription
It is true that if you know how to create the product or courses or e-book, subscription is the best strategy to get passive income. After building up all your customers who are members of your blog or content, you can promote your the products that they might need for their problem as long as they did not unsubscribe.
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It is one of the best way to generate residual income if you know how to develop a course that you are expert at. There are many people who do course creation if you do not know how to create step by step. For example, some expert educator do many courses and they post it on their own website or others and them they can do webinar and sell it all over the world.
5)Affiliate marketing
It is one of best earning commission by advertising other products or services. Even though you don't have a product, you do not have to by worry and you can promote many products from lots of websites to make passive income. Though there is a chance to grab, it depend on how you treat to your business and how you do the needs in affiliate marketing correctly. The income might depend on how you launch the affiliate products to the new or existing customers. As long as you have website or blog that is contributing quality content, you can promote products or services to generate streams of income.
These are the ways to make multiple streams of income and there are a lot more you can learn.
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Wish you a great success
Lin Lin