Though most successful businessmen tend to be quite enterprising, less of them than you might think believe that multiple streams of income can be found. The phrase multiple streams of income is attributed to Robert Allen. This is actually one of the best ways to not just become rich, but stay that way.
Many smart businessmen the world over have used the advantages offered by the Internet to form multiple streams of income. The following are a sampling of possibilities that explain how to develop an income portfolio online.
1. Google AdSense
Even for the inexperienced, Google AdSense is a simple way to begin gaining income from the Internet. Every time that a visitor to your website clicks on an advertisement, Google AdSense pays you. There is very little work involved in setting this system up. All that you have to do is find a way to attract visitors to your website.
2. Create an Online Directory
Online directories tend to receive lots of web traffic due to their large amount of content. Income can be built using AdSense on such sites. Selling text links on the web page is another way to develop a passive income that is being popularized.
As opposed to more traditional banner advertisements, text links appear in the directory itself. Such links can be sold per month, year, or permanently. Using this system will help to increase your 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
You could start a website with a monthly fee if you believe you can offer information worth such a payment. Offer special services and content to paying members. Knowing that there is specific content reserved for members only will help build your membership and eventually allow you to raise the monthly fee.
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.
Many smart businessmen the world over have used the advantages offered by the Internet to form multiple streams of income. The following are a sampling of possibilities that explain how to develop an income portfolio online.
1. Google AdSense
Even for the inexperienced, Google AdSense is a simple way to begin gaining income from the Internet. Every time that a visitor to your website clicks on an advertisement, Google AdSense pays you. There is very little work involved in setting this system up. All that you have to do is find a way to attract visitors to your website.
2. Create an Online Directory
Online directories tend to receive lots of web traffic due to their large amount of content. Income can be built using AdSense on such sites. Selling text links on the web page is another way to develop a passive income that is being popularized.
As opposed to more traditional banner advertisements, text links appear in the directory itself. Such links can be sold per month, year, or permanently. Using this system will help to increase your 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
You could start a website with a monthly fee if you believe you can offer information worth such a payment. Offer special services and content to paying members. Knowing that there is specific content reserved for members only will help build your membership and eventually allow you to raise the monthly fee.
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.
About the Author:
If you're not setting up multiple streams of income in your internet business, you're treading on thin ice. Relying on a single source of income puts you at too much risk. Visit the Internet Marketing Chaos blog at http://www.netmarketingchaos.com to learn how to diversify your efforts to make sure your business has a strong foundation.
No comments:
Post a Comment