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Creating Multiple Streams of Income Online

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PostPosted: Tue Dec 04, 2007 1:08 am    Post subject: Creating Multiple Streams of Income Online Reply with quote

Creating Multiple Streams of Income Online
Everybody knows the phrase, there are multiple ways to skin a cat, but not many entrepreneurs believe that there are multiple ways to earn an income. Robert Allen was probably the first person to coin the term, “multiple streams of income” and it is in fact a brilliant strategy to get rich and stay rich.
Creating multiple streams of income has become a reality for entrepreneurs all over the world because of the opportunities that the Internet has created and here are just some of the many ways to help you get started building your income portfolios.
1. Google AdSense
Google’s AdSense program is probably one of the easiest ways for anyone, even a complete newbies, to start building a passive stream of income. AdSense is a pay-per-click advertising network that pays you every time a visitor to your website clicks on an advertisement. Apart from placing a simple piece of code on your website that AdSense provides, the only other “real” work you have to do is create relevant content and drive traffic to your site.
2. Create An Online Directory
Online directories make great bait for search engine spiders because of its ability to create lots of content very quickly. You can place AdSense on your directory and watch your income grow, but an increasingly popular way of building a passive income with an online directory is by selling text links.
Selling text links is like selling advertising space except that instead of displaying banners, your directory displays links. You could offer a monthly, yearly, or even a permanent option to build this type of income.
If you don’t want to create a directory but you already have a website, you might consider creating a category where you place links to other websites for a fee. The higher the page rank of your website, the higher the fee you can demand.
3. Get Paid To Review Products
Another increasingly popular way of creating a new revenue stream is to become a paid blogger. You simply start a blog and get paid to review products, review someone else’s blog, or review just about anything an advertiser would want reviewed. Services like ReviewMe.com and PayPerPost.com caters to both bloggers and advertisers who are interested in this business model.
4. Create A Membership Site
If you have information that you think people would be keen to pay for, consider starting a membership site. Impose a low monthly subscription fee and offer information that is exclusive to this community. If you think your information is worth a higher subscription fee, then raise the price. Prospects will pay if they know the information is made exclusively for them.
5. Selling Domain Names
Buying and selling domain names is a great way to build your income fast if you know what you’re doing. There are folks making a full-time income doing this, but there is a learning curve required to achieve optimum results. There is money to be made in selling domain names so learn the trade if you’re interested.
6. Affiliate Marketing
Probably, the most popular business model for earning an income online, affiliate marketing is a really simple way of creating a new stream of income online on a very low budget. Affiliate marketing is about selling someone else’s product or service for a commission, without having to deal with customer payments and product deliveries on your end. Amazon.com is a perfect example of how affiliate marketing works and is definitely a great business model to get into.
7. Teleseminars
If you already have a subscriber base, then consider selling them your expertise via a series of paid teleseminars. Offering paid teleseminars is a wonderful way of helping your customers and prospects learn more about your products or services. You can monetize your paid teleseminars even further by recording them and selling them in different audio formats, or even have them transcribed to be sold as eBooks.
8. Special Reports And eBooks
If you could record a teleseminar and sell it as an eBook, imagine what you could do with the rest of the intellectual property you own. People love consuming information, and packaging solutions to a problem in the form of special reports and eBooks is a revenue stream that can truly last you a lifetime.
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Retired Oil Baron
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PostPosted: Fri Dec 07, 2007 5:55 pm    Post subject: Reply with quote

How many of these things do you do?
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Executive PA
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PostPosted: Thu Dec 25, 2008 9:27 am    Post subject: Reply with quote

Another good way is that create an products list or products directory for your product line. Like the B2C E-Commerce, it's very important I think.
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PostPosted: Fri Dec 26, 2008 12:32 am    Post subject: Reply with quote

9. Cut n' Paste.
Logo DesignLogo Tidy-up
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PostPosted: Sat Mar 07, 2009 2:03 pm    Post subject: Reply with quote

Some more monetizing options for websites:

1. Direct banner advertising:
It's easier to find advertisers if your site is more focused on one subject and counts as an authority site in your niche.

2. RSS Feed ads:
You can run both AdSense ads in feeds and sell ad space directly to advertisers.

3. Sponsored columns / events:
It is done in print media very well, why not try it on a website for specific sections or events.

4. Monetization widgets:
For example, Widgetbucks lets you earn money with displaying widgets on your site.

5. Private forums:
If you offer valuable information you could charge money for access to your forum.

6. Job boards / marketplaces:
You could charge a fee for posting job offers or product listings on your site.

7. Donations:
Place a PayPal Donation button to your site. It only works if you have a 'fanbase', a loyal following. Blogs could use it with more success.

These are just a few more ideas.
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PostPosted: Sun Mar 15, 2009 3:24 pm    Post subject: Reply with quote

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PostPosted: Tue Sep 08, 2009 9:53 pm    Post subject: Reply with quote

I believe all those methods work, but for a single person it is too much, when you learn enough and get few things move quite well you can start to look for other ways . But initially you should focus one or two thing only in order to do it really well.
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PostPosted: Fri Sep 11, 2009 9:14 pm    Post subject: Reply with quote

In addition, before joining a certain program, you may want to consult the right authorities or resource to verify the authenticity of the program that you are joining in order to actually assure the income that you'll gain and not the other way around.
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