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.
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.
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
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
If you understand how to do it well, handling the sale and purchase of domain names can be a good way to earn income quickly. In order to make money in this way, it is important to learn about the tasks involved and how to complete them. But once you do, you will be able to join the group of people already earning a full-time income through buying and selling domain names.
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.
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
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
If you understand how to do it well, handling the sale and purchase of domain names can be a good way to earn income quickly. In order to make money in this way, it is important to learn about the tasks involved and how to complete them. But once you do, you will be able to join the group of people already earning a full-time income through buying and selling domain names.
About the Author:
Are you setting up multiple streams of income in your internet business? If not, you're putting your business at risk. 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 ensure your business has a strong foundation.
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