How to Improve Cashflow with Passive Revenue Streams

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How to Improve Cashflow with Passive Revenue Streams

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Unless you’re Jeff Bezos, you probably have one eye on your bank statements regularly. Everyone wants to improve their cash flow, to see a little more going in than going out. It would be great if there was a lot more going in than out! So, what are the best opportunities to supercharge your businesses and generate extra cash flow without requiring significantly more time and energy?

Unless you’re Jeff Bezos, you probably have one eye on your bank statements regularly. Everyone wants to improve their cash flow, to see a little more going in than going out. It would be great if there was a lot more going in than out! So, what are the best opportunities to supercharge your businesses and generate extra cash flow without requiring significantly more time and energy?

Affiliate Partnerships

These turnkey passive revenue opportunities will generally require little more than a standard agreement signed by you and the provider. There’s minimal effort required to promote a brand or product that fits within the needs of your target buyers or leads, and the benefits can be great for both your brand and your bank account.

Affiliate Partnerships

These turnkey passive revenue opportunities will generally require little more than a standard agreement signed by you and the provider. There’s minimal effort required to promote a brand or product that fits within the needs of your target buyers or leads, and the benefits can be great for both your brand and your bank account.

A sign of a trustworthy affiliate is they’re willing to do a lot of the heavy lifting for you because you aren’t the person they want to make money off of. Take ApplyConnect’s tenant screening affiliate program as a great example. You have zero costs (literally – not a single dollar required) to create a partnership page, and ApplyConnect sends you everything that you need to get started. This includes promotional artwork, articles, a press release, email content, social media posts, and consultations to figure out optimal placement and language that will drive traffic through your website and current marketing efforts. At a 25% royalty for every purchase made through your partnership page it can easily generate thousands of dollars each year with almost no hands on effort required – that’s the ideal affiliate partnership!

A sign of a trustworthy affiliate is they’re willing to do a lot of the heavy lifting for you because you aren’t the person they want to make money off of. Take ApplyConnect’s tenant screening affiliate program as a great example. You have zero costs (literally – not a single dollar required) to create a partnership page, and ApplyConnect sends you everything that you need to get started. This includes promotional artwork, articles, a press release, email content, social media posts, and consultations to figure out optimal placement and language that will drive traffic through your website and current marketing efforts. At a 25% royalty for every purchase made through your partnership page it can easily generate thousands of dollars each year with almost no hands on effort required – that’s the ideal affiliate partnership!

Money Market Accounts

A money market account doesn’t put some Ben Franklin’s straight into your pocket, but it can accrue better interest on your money while leaving it heavily liquid for you to access. Like a savings account, a money market account requires a minimum balance, and it will commonly a large amount to justify the higher interest rate you’re likely to receive compared to what you would get in a CD (certificate of deposit) or traditional savings/checking accounts. You can receive hundreds or thousands of dollars through interest each year with lower risk than many alternative investing methods, and oftentimes receive an initial bonus payment for opening the account. In addition to that, trustworthy institutions have federal insurance protection (FDIC) giving you some added peace of mind.

Money Market Accounts

A money market account doesn’t put some Ben Franklin’s straight into your pocket, but it can accrue better interest on your money while leaving it heavily liquid for you to access. Like a savings account, a money market account requires a minimum balance, and it will commonly a large amount to justify the higher interest rate you’re likely to receive compared to what you would get in a CD (certificate of deposit) or traditional savings/checking accounts. You can receive hundreds or thousands of dollars through interest each year with lower risk than many alternative investing methods, and oftentimes receive an initial bonus payment for opening the account. In addition to that, trustworthy institutions have federal insurance protection (FDIC) giving you some added peace of mind.

Selling Advertising Space

If you already have a website and promote it to drive traffic, then there could be a passive revenue opportunity staring your right in the face! According to Google Ad-sense, a company based in North America could earn thousands if their page hits 50,000 views a month. Google Adsense offers a way for you to paste some extra links on your site (usually in a sidebar or footer area) that will promote Google advertisers to readers. While Adsense can be lucrative, it can also be an artform to balance adding revenue without deterring your website visitors. Some websites go full-fledged ‘click bait’ with Adsense by including as many advertisements as possible. If you’re operating a personal brand or company then more likely you’ll want to find subtle placement opportunities to be more conservative with keeping the focus on your own content.

Selling Advertising Space

If you already have a website and promote it to drive traffic, then there could be a passive revenue opportunity staring your right in the face! According to Google Ad-sense, a company based in North America could earn thousands if their page hits 50,000 views a month. Google Adsense offers a way for you to paste some extra links on your site (usually in a sidebar or footer area) that will promote Google advertisers to readers. While Adsense can be lucrative, it can also be an artform to balance adding revenue without deterring your website visitors. Some websites go full-fledged ‘click bait’ with Adsense by including as many advertisements as possible. If you’re operating a personal brand or company then more likely you’ll want to find subtle placement opportunities to be more conservative with keeping the focus on your own content.

for sale!

If you already have a website and promote it to drive traffic, then there could be a passive revenue opportunity staring your right in the face! According to Google Ad-sense, a company based in North America could earn thousands if their page hits 50,000 views a month. Google Adsense offers a way for you to paste some extra links on your site (usually in a sidebar or footer area) that will promote Google advertisers to readers. While Adsense can be lucrative, it can also be an artform to balance adding revenue without deterring your website visitors. Some websites go full-fledged ‘click bait’ with Adsense by including as many advertisements as possible. If you’re operating a personal brand or company then more likely you’ll want to find subtle placement opportunities to be more conservative with keeping the focus on your own content.

If you already have a website and promote it to drive traffic, then there could be a passive revenue opportunity staring your right in the face! According to Google Ad-sense, a company based in North America could earn thousands if their page hits 50,000 views a month. Google Adsense offers a way for you to paste some extra links on your site (usually in a sidebar or footer area) that will promote Google advertisers to readers. While Adsense can be lucrative, it can also be an artform to balance adding revenue without deterring your website visitors. Some websites go full-fledged ‘click bait’ with Adsense by including as many advertisements as possible. If you’re operating a personal brand or company then more likely you’ll want to find subtle placement opportunities to be more conservative with keeping the focus on your own content.

A more traditional approach to passive advertising revenue is leveraging your community while you’re out and about. According to Wrapify, some drivers can earn $450 a month just going around their everyday life. Find some companies who have referral programs available in your community, and add some banners to your car with magnet posters or professional car wraps that can drive traffic to your partners. Of course, your own brand should be the center of attention, but advertising real estate is valuable and your car may have a lot of it to offer!

A more traditional approach to passive advertising revenue is leveraging your community while you’re out and about. According to Wrapify, some drivers can earn $450 a month just going around their everyday life. Find some companies who have referral programs available in your community, and add some banners to your car with magnet posters or professional car wraps that can drive traffic to your partners. Of course, your own brand should be the center of attention, but advertising real estate is valuable and your car may have a lot of it to offer!

What other clever ways have you found to boost your cashflow?

What other clever ways have you found to Let us know in the comments below!

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The nation’s most trusted tenant screening for real estate agents, landlords, and property managers. No cost background checks available 24/7.

©2018 ApplyConnect. All rights reserved

ApplyConnect marks used herein are trademarks or registered trademarks of applyconnect.com. Other product and company names mentioned herein are the property of their respective owners.