By Raven Michaels

Today more and more people are interested in creating multiple streams of income because of the prevailing economic conditions. Unfortunately, even though many people understand the importance of it, most people feel overloaded with information and simply never get started. This article gives you 4 strategies to create streams of passive income both on and off the internet .

Write a Book

You have to remember, that no matter what your circumstances are, you have a story to tell and people will benefit from your story. Maybe you you got out of an abusive relationship or earned a huge salary increase. Maybe you are very good at gardening or create bird houses that you distribute to friends and family. Whatever it is that you are good at, there is a need out there for the knowledge you have to share. So put it into a book and you have an instant source of passive income. All you need is a computer with an internet connection and the willingness to learn to market your product and you are set.

Start a Network Marketing Business

Network marketing businesses are awesome streams of passive income. While I agree with the fact that the failure rate in the industry is 97%, what most individuals fail to understand is that they need to operate it like a business not like a pass time. This doesn’t mean that you need to work 15 hours a day or even 8 hours a day at it, but rather that you should allocate 80% of the time that you spend on the business, doing income generating activities. In a short period of time (depending on how fast you built the business), you will see that you have growing stream of passive income.

Create Multiple Streams of Passive Income through Affiliate Marketing

This is by far one of the best sources of passive income, if you are able to spend time researching and learning some basic methods of affiliate marketing, you will definitely be able to create a very profitable source of residual income.

Create a stream of passive income by collecting points for your routine shopping

This is one method that I use, by switching from offline store products to an online store which not only provides me with ‘organic product choices’, but also helps me reduce at least 10% off my monthly shopping expenses. Further this strategy also ensures that I have more money in my pocket, while enabling me to earn additional shopping dollars for future purchases. Besides all of the above, the company has also helped me earn a reasonable residual income for introducing others to the store, thus helping me to build one of my many streams of passive income.

If you want to learn more strategies and how you can start creating multiple streams of residual income please schedule a free strategy session with me by clicking the url below and I will be glad to share more ideas with you.

Raven Michaels, helps stay at home moms, looking to build multiple streams of income. If you would like to learn additional strategies to create streams of passive income or to learn how you can increase your income while working less, then schedule a FREE strategy session with Raven at http://www.virtualcocktailwithraven.info