SLYOU Magazine Issue 2 | Page 50

NEED TO KNOW Generating Revenue Streams in Economically Challenging Times In today’s economically challenging environment, every dollar counts and the need to generate extra cash might be buzzing on top of your to-do list. When it comes to padding your savings account for rainy days, major purchases or to divorce yourself from financial anxiety or worrisome debt, seeking legitimate income streams can be quite challenging and at times can prove to be a waste of time. However, with the willingness to put in extra time and effort into the following ideas, your financial anxieties can easily become an issue of the past. Although starting a blog may seem straightforward, the integration of effort and energy is essential for securing benefits -- plant the seeds now to relish the harvest later. Nevertheless, once your feet get wet and your blog takes off into the realm of popularity, generating an income and clambering out your new venture becomes less complicated. As your blog grows in popularity, you’ll also be able to employ monetization techniques facilitated by Google AdSense or digital affiliate marketing programmes and attract opportunities to develop business relationships with renowned companies to utilize your blog as a platform of representation through brand ambassadorship endorsements. Create a Blog Conceivably, blogs are one of the most common ways to passively generate income. Blogging is quite simple -- it allows you to express your passion on various themes free from the confines of time zones or geographic locations. 48 SL-YOU | It’s All About Business www.slyoumag.com | September-October 2019