Generate A Passive Income
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Generate A Passive Income

If you are viewing this article as of right now, you most definitely are interested in generating a passive income.

There are three types of income. There is earned income which is wages from a job (highest taxed income of all; taxed at 40%-60%), portfolio income which essentially is buying for the low and selling for the high (taxed 20%), and passive income which comes from assets that you own but don't take an active physical role in such as businesses that make money whether you work or not, real estate, royalties, and dividends from stock.

Have you ever wondered why the wealthy never seem to be working and always seem to have free time but at the same time make a substantial amount of money? I have, and I soon realized that it is because the wealthy typically generate passive income.

Anyways a good way to build passive income for yourself is through an online business or affiliate marketing, or network marketing.

Network marketing is a business model with low overhead cost (Cost to run the business), No employees, and you can do it part time or full time. The same can be said for affiliate marketing, however the major difference between the two is that as an affiliate marketer you are selling other peoples products and as a network marketer you are selling your own.

To become a network marketer you have to be sponsored into a network marketing company through an existing IBO (independent business owner) which would then be your "upline" if sponsored. However you have to pay a fee to join (varies depending on the company). Once you join the company you become an IBO and gain the right to sell the companies products and/or services as your own for a commission as well as sponsor other people into the company which would then be your "downline". In network marketing, you profit off of everything your downline sells without cutting into their profit. It's an interesting and very profitable business model.

To become an affiliate marketer you simply have to apply for a companies affiliate program and once you become an affiliate you sell their products and earn a commission. You don't need a website to do affiliate marketing but it is highly recommended. You can become an affiliate marketer for free.

If you are interested in becoming a network marketer, I am an Amway IBO and can sponsor you in to the company IF you would like. Amway is a company that has been around for 50+ year and is a leader in the network marketing industry, they generate billions of dollars every year in revenue. I would highly suggest you take a look at what Amway has to offer if you are interested in network marketing. But not just Amway, there are many many network marketing companies out there to choose from each one of them great in their own right, do thorough research before making a decision.

If you are interested in becoming an affiliate marketer, I would suggest you join an online community that goes by the name of Wealthy Affiliate. Wealthy Affiliate is an online community of Entrepreneurs who are involved in affiliate marketing. When you join Wealthy Affiliate you will learn how to set up a free website, drive traffic to your site, convert traffic to sales, and master social engagement. But that is not all however. As a wealthy affiliate you have access to all the knowledge you need about running an online business. There is a plethora of training and info for you to take in and there is new stuff being added everyday.

The members of the community are friendly, helpful, respectful, and encouraging and are interested in your success as much as your own. If you join wealthy affiliate and put in the time, effort, and persistence without a doubt you will become successful. But don't take my word for it see for yourself.

Thank you for reading this article my future marketers,

Sincerely,

Bount


Street Talk

Kymee  

You are so right people should go and check it out and I know they will find it awesome. ;o)

Reply
  about 9 years ago
  

Thanks !

Reply
  about 9 years ago
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