Can you Build Passive Income Streams? The short answer is you can build passive income streams with the right approach. Most people do not have the right tools to be successful generating more then one income stream. I will share based on my personal experience what top earners do that really doesn't take much time.
So how do the top leaders build passive income streams? They have marketing tools to sell to other network marketers which is a win-win situation for both parties. Then, some of the people that made the purchase will join your business opportunity. This is what is known as a funded proposal. They use 3 tools to do so. These tools are a blog, capture page, and auto responder. I will explain in the next few paragraphs the concept of a funded proposal and the tools to build more then 1 income stream.
A funded proposal has been used for several years for a traditional businesses and in the home base business arena. A grocery store will advertise pop on sale. You go to the grocery store to buy pop but some how you end up with much more. Online marketers will have a similar funded proposal. You may buy an ebook to learn a marketing strategy that helps you generate leads. Then, you are impressed with the knowledge you learned and decide to join a business opportunity with the person that sold you the ebook.
There is a right approach to build passive income streams. I see people taking the wrong approach on social networks all the time. They will blast out every link to their contacts or they will focus on one income to advertise per week. The main focus should be building your list with as less effort as possible. A blog is a powerful website top marketers have to present options to people. You can advertise multiple tools that would help people. Then, when people are on your list you can introduce yourself and other services more. An auto responder can be set up for a future email to sell other products which shouldn't offend most people because they got to know you more. Plus chances are they are pleased with a product that they purchased from you.
A funded proposal does not have to be a marketing tool you have to share with others. When a marketer gets more experienced they have their own ebook to share with others. This is even more powerful because they branded themselves as an expert in the industry. A funded proposal is also a great way to get quality leads for you to qualify in your business. You want people open to learning and those that have a business mindset of understanding the skills necessary to succeeed in a business.
When trying to build passive income streams I recommend products that go together. Usually a few marketing tools that give a marketer a better education how to improve their business. This could be a book on how to build their business on a budget or an advertising platform to get the knowledge of how to generate endless leads. Once you help people they will be more open minded to listening to your opportunity. I recommend you check out the resource box to learn more about this topic on my blog.
I have learned from the best Internet Marketers and I am helping others create wealth for their own network marketing business. You can learn more about passive income streams on my blog. Success in any network marketing business is built with knowing the secrets to online marketing like Facebook, Twitter, Classifieds and many more. You can get more marketing training about passive income streams here.
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