How many streams of income do you have?

Last Update: May 10, 2020

I was thinking to myself today, how many streams of income do I have? Well, that is, how many different streams have I actually been paid from?

Firstly, i'll start with our very own Wealthy Affiliate. When you study Bootcamp as a Premium member, you learn how to promote Wealthy Affiliate properly, and i've seen several introductions go Premium this month.

Next, Amazon. I know they've just dropped their commission rates in the US, but here in the UK the commission rates haven't changed and my main niche is still paying 7%.

Thirdly, Google Adsense. This is still trickling in without doing anything at all. With decent traffic, Google Adsense income really is as close to passive as is possible. When traffic is high, MediaVine will become an option.

Fourthy, Clickbank. I'd kind of neglected it until now, but using CBEngine I've drilled down to some really great products. Income starting to grow here. The biggest thing for me at the moment is Chatbots.

Fifth on the list, my own web building work. I build and host for clients and use Wealthy Affiliate to host the sites. They effectively pay my membership. I'm looking to expand this further in future.

Finally, Webgains. This is just small at the moment, with a couple of affiliate programs that have only just started to deliver.

My questions are, is this number of income streams typical here at Wealthy Affiliate? Do you have more, or less? Is there a maximum we should strive for? Which income streams do you have (actually paid)?

Dave

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CMacLellan Premium
Hello Dave,
Thanks for sharing about your income streams...I find it interesting to hear what other people are doing.
Right now my only source is my Ops Manager job, but hopefully in a couple of months that will change.
Have a Great Day!
-Chuck
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dkohara Premium
You’ll get there Chuck. Persistence is key

Dave
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Stanleycmng Premium
It depend on how you aggregate your income. Some go by affiliate networks, ClickBank, ShareASale, etc since you can promote many products per network. You can also go by your niches, one website per niche. Another way is by business models, affiliate marketing, drop shipping and other business...

I say you need more eggs in the basket but is it always good to find some leverage on the effort and resources you put in.
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dkohara Premium
Agree totally Stanley. Reward for Effort is important to us, and we shouldn’t spend too much time on streams that offer little or no reward.

Dave
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statius Premium
quite a few
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dkohara Premium
Too much info statius 😂
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Dannycopus Premium
Hi Dave, I’m new to this game in terms of different income streams I have my current job as a London black cab driver, the website I’m building is www.londonphotographytaxitours.com, once up and running I will promote many affiliate links based on London tourist attractions and photography course/products.
I’m also a carpenter and soon to be plumber with part P electrics, these tools will massively help my other passion which is property development. Finally I’m very interested in trading the financial markets forex/stocks etc.

So in total in the not to distant future I expect to have at least 5 income streams.

Great question and best of luck

Dan
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dkohara Premium
That’s great stuff Danny. Do you intend to build an affiliate website for each niche? 3 blogs max (Photograhy, Carpentry/Plumbing and Financial)?

Dave
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Dannycopus Premium
Hi Dave apologies for the late reply , my intention is to begin with taxi tours with a photography element for the fist website.
Further Dow the road will look into plumbing and electrical website as my other passion is in property

Many thanks dan
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MelWaller Premium
Hi Dave,

There is no limit really. We just need to have strong foundations before expanding too quickly.

I get income from WA, Amazon selling books, Amazon selling ebooks, Lightning Source, Inc selling books, my ebay store, and 2 ecommerce websites hosted at WA, along with one bookstore that buys direct from me. I'm working on building all of those up.

To Your Success!

Mel
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dkohara Premium
Hi Mel,

Interesting stuff. Do you find the Amazon books are worth it? They’re very low ticket items, so affiliate income must be low (unless you sell huge quantities).

Dave
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MelWaller Premium
Hi Dave,

These are books, mostly reprints, that I have published and they sell on Amazon. They are not affiliate links. I'm at 1,033 books currently and adding more. I'm not getting rich, but I am living the laptop life. :-)

Mel
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dkohara Premium
Great! They are ebooks then?

Just read your profile, very interesting stuff!

Dave
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MelWaller Premium
Dave, they are paperback books published through KDP/Amazon for free. I do have about 300 ebooks selling on Amazon as well. I also have paperback books and one hardcover book through Lightning Source, Inc, but they do cost money to have setup. Roughly about $125 per title. About once a year they might do a free promo and then I'll add more at that time or pay if I believe its to my advantage.

Mel
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