Affiliate Marketing – Why You Should Build Passive Income Streams
Building passive income streams through affiliate marketing is really not all that hard. You put in some time, money and effort upfront. And reap the benefits for weeks and months to come. But why should you create passive income streams? At a job you are trading time for money. You get paid as long as you work. The minute you stop working you do not get paid.
A passive income stream on the other hand, allows you to work once and get paid many, many times. While there is certainly no such thing as completely set and forget method, there are methods where you get the money coming in for very little maintenance time.
Imagine putting in about a week's worth of time up front and then an hour or so every other week, but still making a decent amount of money. In fact if you want to do it all yourself all you will need is the cost of a domain name and the price of hosting. If you want to outsource, you will need the added cost of paying the person doing the work for you. Either way your initial outlay is really very minimal.
In this day and age of uncertainty it is very important that you create multiple streams of passive income. A recession or some other turn of events could cause you to lose your job. It is also important that you build multiple streams of income. You should have passive income coming from many different sources and websites. This way if one thing goes down there will be something else that brings in the desired money.
A lot of people think that creating these streams of affiliate marketing income is really hard. It is not. They think it is hard because they do not have a step by step plan. They do not know what to do and how to do it. With a good step by step plan you can easily have a six figure passive income stream using affiliate marketing.