subject: Creating Wealth means Harnessing Passive Income Potential [print this page] Creating Wealth means Harnessing Passive Income Potential
If you want to create wealth, then you will need to harness passive income potential. It is passive income that takes you from working hours on end to watching the money roll in. So how do you go from working for every sale to reaping the benefits of recurring income?
The Power of Social Media
One of the many methods to advertising is social media. If you have a product or website that requires a subscription, then you will generate passive income. However, you will constantly need to add new members to make up for the members who drop out. This is where social media comes in.
Social media attracts the attention of people like you and me. Just think of how many people you can connect to through Facebook or Twitter. Well, there are dozens of sites like this and some are directed at finding "cool" stuff on the Web. When you access these sites, you can literally put your site up for millions to see. A good site can go viral overnight!
Social Bookmarking to Draw Traffic
The act of social bookmarking is when someone places a link to a site along with a quick comment about the site. Something like, "You know how I am always looking for freebies? Well, I hit upon a goldmine. Check out this site." That little, three sentence statement can bookmark a site for everyone to see, plus Google loves these little links.
After bookmarking your site, anyone who goes to that site can link back to your site. Plus, they can share the link with their friends and even bookmark it on other social media sites as well. When this happens quickly, the site goes "viral" practically overnight drawing in more and more viewers and, ultimately, more subscribers to enhance your passive income.
The Top Social Bookmarking Sites
Del.icio.us - Since Yahoo bought this site out, it has really taken off. Anyone who is anyone utilizes this site.
Digg - While this site focuses more on techy stuff, it is not a bad place for a free bookmark. Anyone can use it and anyone can comment, therefore this site gets a little crazy. However, if people "Digg" your site, everyone will know.
Reddit - Like Digg, it can get a bit crazy. Something of a popularity contest, people register to use the site and vote on their favorites links.
Furl - The cool thing about Furl is the way it bookmarks. You can have your favorite sites on your computer but it doesn't do much good at your friend's house. However, with Furl, you can save your favorites and pull them up anywhere.
Clipmarks - This site allows you to bookmark your favorite part of a page. It can be an image, a sentence or whatever you choose.
Social bookmarking is one strategy to boost your passive income potential. Remember, even the best bookmarking will only work if you have a good product with a good recurring plan. But once you find the right product, social bookmarking can dramatically increase your passive income.
