Sunday, April 22, 2012

Unemployed? 5 Reasons Why You Should Use the Internet to Build Passive Income Streams

Graph of US Civilian Labor Participaton Rate f...Graph of US Civilian Labor Participaton Rate from 1948 to 2010 (Photo credit: Wikipedia)The economy of the United States is going through an unprecedented period of financial instability. As unemployment numbers continue to rise, feelings of job security among the employed is becoming less certain. If you are unemployed, you can change your financial future by building passive income streams while learning internet marketing. In fact, internet marketing and using the internet to make money online is one of the best options you have to guarantee your financial future.
Here are five reasons why you should use the internet and affiliate marketing to start building passive income streams.
Let's be real. When you were employed, chances are you were spending anywhere for eight to ten hours (or more) at your job. Adding in your morning prep time and your commute, you might be looking at close to twelve hours that you spent committed to your job everyday. Now that you are unemployed, those twelve hours have opened up. I imagine you might actually be trying to figure out ways to fill your day. Starting an online business to make more money is an excellent idea.
Chances are you have gifts and talents that you can harness to create an online business. If your response to that sentence was "No, really I don't," then you're right. However, if you want to give yourself a little more credit, then spend time brainstorming what those gifts and talents are. You might excel at cooking or at playing a musical instrument. If so, a "how to" video series posted on YouTube could be an excellent money-maker for you. Perhaps, you are the "go-to" person in your world who knows the ins-and-outs of a television show or a series of books. Creating an online forum can bring in big bucks. Don't sell yourself short. There are countless gifts that you have and countless interests that can end up making your real money.
Building passive income streams online are incredibly cost-effective. Depending on your business plan--and depending on what online tools you use--your business can be up-and-running for as little as zero dollars. If you choose free blogging platforms, you won't spend a dime on hosting your website. Additionally, the vast majority of affiliate marketing programs are 100% free to join. While start-up costs for an online business can exist, there are ways to build your business online for almost no money.
Since the internet operates twenty-four hours a day, creating an income stream by using the internet will not get in the way of your job search. Most job-hunting activities occur during the workday. Sending out resumes, lunching with potential contacts, placing follow-up phone calls all happen between the hours of 8 AM and 6:30 PM. Once in a while, you might attend a networking meeting and dinner that will take place in the evening. This still allows you ample time to commit to your online business. You can spend a few hours every night or a few hours in the morning performing the necessary tasks to make your internet business a success.
If you are unemployed, you might find yourself in a pit of a financial pinch. Bills are starting to pile up. Rent is due. However, if you had a sideline business that was operating and making you money while you were working your full-time job, you might not find yourself in this same money crunch. If you successfully build passive income streams, it has the potential to create future financial stability. And, with financial stability, comes freedom.
If you are unemployed and struggling to make ends meet, then continue to look for that job. But also keep in mind that you have the time, energy, and focus to begin to build additional streams of revenue.
Are you interested in taking the necessary steps to learn how to build an online business with little or no cost?
Jay Monroe is passionate about people making money online by creating smart passive income streams. He believes that it is something everyone can participate in, regardless of education level. Follow his free step-by-step approach to financial success.
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