How to Create Multiple Streams of Online Income
The internet has obviously opened up the potential for almost anyone willing to learn new things to earn an online income. The question is, can anyone who wishes to do so earn a LOT of income online?
I'm a big believer in using systems that work. When a system works, if you work the system faithfully, you'll get some results. Obviously if you want great results, you have to add some personal finesse to how you work the system.
For example... If you buy a good domain about coffee makers, build a good website about coffee makers, insert affiliate links to coffee makers, eventually you will start getting some traffic from search engines and other sources and you'll sell a few coffee makers.
If you want to sell a LOT of coffee makers, you have to create a uniquely amazing website that beats the competition and goes the extra mile to make sales.
That's a matter of time and experience leading to greater proficiency.
But what about in the meantime? What do you do before the site goes off the charts, which obviously takes time? How do you earn an income before you're landing on leaderboards with other digital influencers in affiliate launches?
You create multiple streams of income at multiple levels.
For example, you might be very successful participating in big affiliate launches, which could yield several thousand dollars per campaign, but you can only realistically participate in a dozen or so per year. So your maximum income potential from launches might currently sit at $20,000 or $30,000 per year.
If your income goal is $60,000 per year, you're going to need to fill in the gaps with other streams of income in the meantime. Which could look something like this...
- $30,000 per year from affiliate launches.
- $12,000 per year offering coaching in digital marketing.
- $6,000 per year promoting a system like Wealthy Affiliate.
- $6,000 per year driving traffic to niche websites and Amazon links.
- $3,000 per year in random and various small affiliate programs.
- $3,000 per year doing freelance writing.
Now, you're at your $60,000. You still get to be an entrepreneur. And you still have the potential for it to grow.
In order to do that, you have to budget your time accordingly. Spend most of your time establishing yourself as an expert so that you can drive sales of affiliate products. Since you can't work on that eight hours per day, you spend a couple of hours building and polishing your niche sites. And you spend an hour or less doing the little things that make a little bit of income.
All the while, you're increasing your versatility and learning useful skills in a variety of areas.
You'd probably love to have a rushing waterfall of income online. But maybe you have to start with several streams and a few trickles until you get to the point where you can focus on only one or two streams.
And here's the advantage you have in this market... most people aren't going to stick with any of it quite long enough to be successful. They'll give up on the system that probably works because it isn't yielding ideal results fast enough.
But you're the kind to stick with things, which sets you apart. How do I know that?
You read this to the end.
So keep going.