It’s no secret that multiple streams of income are a safer bet in any economy, and can help you gain not only greater wealth and security, but also more personal freedom in your life.
While there are many income streams out there available to the ambitious entrepreneur, such as a job, real estate, investments, business ownership, network marketing, and more … what I am going to talk about here will allow an ABSOLUTE INTERNET NEWBIE, with no entrepreneurial experience, and little to no start up capital to start developing multiple streams of income online, starting in as little as 72 hours.
Interested? Read on…
What I’m talking about is NOT new and revolutionary … in fact this plan has been utilized to generate multiple streams of income on a part-time and even a full-time basis for average people for years, as well as Internet experts and entrepreneurs.
What’s the blueprint? Simple: Blogging.
How do you make money with a blog?
Setting up a blog around your passions (another post for another day … stay tuned), allows you to cash in on several different income streams, most of which require no up front investment of any kind (except for a little bit of time).
Let’s go over some of the ways in detail:
- Affiliate Marketing: this is where you get paid for referring customers to products or services of any kind. There are tens of thousands of affiliate programs out there, most of which are free. You can find a ton of products to market over at www.ClickBank.com and get paid 25% – 75% for your customer referrals. I also strongly recommend the SocialSpin Affiliate Program, as it actually pays you significantly to give away free products and services.
- Amazon Associate Program: You can get paid for referring people to buy products from Amazon. One great way to do this is to write reviews or summaries on books and products and refer people to buy them. Head on over to www.Amazon.com and makes yourself an Associate account. You earn 4% – 10% on all sales.
- Google Adsense: You can get paid for every time someone clicks an advertisement on your blog, whether or not they actually go on to purchase something from that click. Once you have your blog set up, you can go over to www.Adsense.Google.com to apply for an Adsense Account. This is a great way to add an extra couple hundred dollars to your residual income on your blog without any additional efforts on your part.
- Network Marketing: If you are already in a network marketing company, you can promote your company directly on your blog under a “Work With Me” or “Partner With Me” page or by promoting your company to an e-list that you develop through your blog (more on that in a future blog post … also check out the post below for more information on this strategy). If you are not familiar with network marketing, that’s okay. Do your research, find a great company that aligns well with your values and a strong team to work with, and get started. While certainly not necessary, this is a GREAT way to grow your residual income through your blog and get paid on the efforts of others, rather than just your own.
- Your own products or services (more advanced): You can create your own e-books or physical products to sell on your blog. WordPress has a great shopping cart Widget that will allow you to do this for FREE directly from your website. PayPal and Google CheckOut are also great tools to take direct payments from people without setting up a merchant account.
- Consulting (more advanced): Once you get good at blogging or Internet market (or any other particular skill) you can use your blog as a platform to attract people that you can help with your new skills. You can charge significant hourly rates once you get good at what you do.
- Branding (I will write an entire post on this later): As you build a blog around your passions, you can create a very valuable brand, which you can later monetize in the form of your own products, consulting services, and recruiting via attraction marketing, not to mention you will be viewed as an expert in your field, allowing you to generate more affiliate revenues from your sincere recommendations (again, more on that later).
This is just a beginning. Once you become a great blogger and brand yourself in the marketplace, this asset can grow exponentially for years to come, and can turn into a lifetime asset that can make you a fortune.
Your vision can be as big as you want it… as big as you’re willing to create, but the first step is getting your blog set up and making your first few posts, your first couple of hundred dollars from affiliate commissions and advertising revenue.
The biggest challenge that I have seen with most people is that they just don’t get started, they are too intimidated to take action. Don’t let that be you. Get started today, and trust me: you will thank yourself tomorrow and for years to come.
The next greatest challenge is that people think they don’t know enough about technology to start their own blogs or set up all these income streams… and fortunately I have recenthly stumbled upon a solution that will help anyone start a professionally designed, personalized WordPress Blog (like this one) for free (all you pay for is the domain name such as www.yourname.com and hosti
ng which is less that $9 per month). You can get your Free Blog set up at www.GetMyFreeBlog.com (Once you do this let me know … I will give you a free 15 minute consulting sessions helping you generate traffic with social media and make money with your new blog).
I wish you all the best of luck and success in your new venture!
Please feel free to contact me directly for more information. I look forward to hearing your success story!
