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How to Create Multiple Streams of Income, Part 1


You've must have read the phrase "multiple streams of income" numerous times on your journey searching for wisdom on the Internet. Regarding to Robert G. Allen, multiple streams of income are the stock market, real estate and the Internet. I prefer to add paycheck to this list as well. Most of us don't feel comfortable to give up the security of a steady income, at least not in the beginning.

During the next few months I will publish new articles about my very own experiences with building multiple streams of income. Although I just recently started, I have a lot to share and I hope I will inspire someone to avoid the mistakes I made, and still will make.

Please join me on my journey to financial freedom through my home-based business on the Internet. I will cover my experiences and mistakes with the stock market and in the real estate business in separate articles. For now I'm focusing on the Internet business.

I wasted hours and hours searching for the almighty golden key to financial freedom. I spent a lot of money for worthless e-books and signed up to almost every newsletter there is. Until I had to switch email addresses. My inbox couldn't keep up with the massive stream of useless emails.

What did I learn so far? Somebody else got a little bit closer to financial freedom, certainly not me! I was in desperate need of either giving up or dramatically changing my strategy. I'm not a quitter and whatever strategy I used, if so, it must change or I will find myself in financial hell.

Don't get me wrong. I'm not looking to make money out of thin air. I actually don't believe in the get rich with no money schemes. The only person getting rich is the author of the book! Some of these strategies may work in theory, but I've never seen substantial results in the long run. I might be wrong on this one, if so, please send me your opinion and experience with this business strategy.

Here's another advice; it takes time, lots of it. Don't rush yourself into hasty decisions just because you think it is a hot deal. Do your homework and research the deal as good as possible. If this is the true "hot" deal, it will be around for a while. Otherwise it's just another rip off scheme and someone else is making the big bucks. If you come across these 30 days to success guides, give yourself at least 60 days to achieve your success. Remember, patience is one of the key factors to success. Read the guide in its entirety and slowly start implementing these suggestions into action. Always keep track on what you did and double check after a few days or weeks, if it's working. Make changes as necessary.

I really don't remember how I got started with the idea of building my own home business on the Internet. I believe that I was searching for ways to increase web traffic to my real estate site. During my research I came across all these websites promising thousands of visitors to your site. Most of them are free, but you spend hours after hours to generate enough credits for your own site to be shown. And when the site is shown, guess who's looking at it? Another sleepless soul, who is looking to increase traffic to their site. This is not exactly the type of customer you're looking for.

After a while I thought, hmm, if I add a banner from a banner link exchange, then I will be able to trigger more targeted hits to my website. So I continued clicking night after night through these exchange services with little or no success. I wasted countless hours in front of the computer. My advice; stay away from these exchange services. Most of them are pure pyramid marketing schemes anyway. There are no real products or useful services offered by these sites.

At this point I started to discover the power of affiliate programs. And this, my friends, is the real deal! I'm not saying this just to get your attention; I'm speaking from experience. Affiliate programs come in any shape and form. Some are pure product reselling machines, others offer incentives for recruiting new affiliates and many are offering a combination of both. The real value behind this concept is; you get endless training material to sharpen your marketing skills. There are real products to sell and there is real money to make.

The mother of all affiliate programs is SFI. I joined them as soon as I learned the details and the benefits of their program. Later on I read about Stone Evans and his incredible services he offers. In fact, Stone is to blame that I'm writing this article.

So far I got off a good start with SFI and Stone Evans. I will keep you posted, if you like, in my next article.

Sincerely,
Peter Dobler
(c) 2005

Peter Dobler is a 20+ year veteran in the IT business. He is an active Real Estate Investor and a successful Internet business owner.
Get your own personal 24/7 money maker at http://www.mypluginhomebiz.com (Free setup in 24 hrs) or send a blank email to mailto:pdobler@getresponse.com to learn more about viral marketing.


Todays News by officejax surplus outletMORE AFFILIATE REVENUE RESOURCES updated Thu. May / 17 / 2012

Refer.ly Lets Regular Folks Earn Affiliate Revenue For Recommending Products ... - TechCrunch

TechCrunch

Refer.ly Lets Regular Folks Earn Affiliate Revenue For Recommending Products ...
TechCrunch
Will a few dollars in affiliate revenue motivate people enough to use Refer.ly? Don't we just share products with friends and family because we genuinely love to help other people out? Morrill said she doesn't expect Refer.ly users to make a living off ...
Danielle Morrill leaves Twilio to start Y Combinator-backed ReferlyGeekWire

all 2 news articles »

AMC Networks Earnings Call Insights: Affiliate Revenue Growth, Ratings - Wall St. Cheat Sheet

Wall Street Journal

AMC Networks Earnings Call Insights: Affiliate Revenue Growth, Ratings
Wall St. Cheat Sheet
Two questions first on the affiliate revenue growth, 8% in the first quarter, two things there. Number one, it is an acceleration from your full year rate from last year. Does that acceleration represent some – or is that primarily due to some of the ...
AMC sees 40% jump in Q1 profit: Execs say Dish threats are retaliation for ...Chicago Tribune

all 44 news articles »

Refer.ly Lets Regular Folks Earn Affiliate Revenue For Recommending Products ... - Centralia Chronicle

Refer.ly Lets Regular Folks Earn Affiliate Revenue For Recommending Products ...
Centralia Chronicle
Danielle Morrill's been thinking about this idea for at least three years. I know this because it was almost all she could talk for an hour straight at a dinner party several years ago. An online service is needed to view this article in its entirety.

and more »

Advertising, affiliate revs lift Scripps: Revenue rose 11% to $535 million - Chicago Tribune

Advertising, affiliate revs lift Scripps: Revenue rose 11% to $535 million
Chicago Tribune
Scripps Networks Interactive, parent of Food Network, HGTV and The Travel Channel, said strong advertising and affiliate revenue boosted profit last quarter despite hefty programming costs. Net profit rose to $115 million from $101 million.

and more »

Fox TV Programming to End in Magic Valley - News Radio 1310 KLIX

Fox TV Programming to End in Magic Valley
News Radio 1310 KLIX
According to Goings KXTF will not go off the air, but may offer other programing. The GM says the network is demanding compensation that exceeds the affiliate's revenue. The two tried to negotiate but Goings says the network wouldn't budge.


Wikipedia Warns Users About Malware Injecting Ads Into Its Pages - PCWorld

Wikipedia Warns Users About Malware Injecting Ads Into Its Pages
PCWorld
In addition to injecting ads into Web pages, such rogue extensions are also known to hijack search queries in order to earn their creators affiliate revenue, said Graham Cluley, a senior technology consultant at Sophos, in a blog post Tuesday.

and more »

News Corporation Reports Third Quarter Earnings Per Share of $0.38; Growth of ... - MarketWatch (press release)

News Corporation Reports Third Quarter Earnings Per Share of $0.38; Growth of ...
MarketWatch (press release)
Affiliate revenue growth of 15% at the domestic cable channels for the third quarter primarily reflects higher rates at all domestic networks, led by growth at the RSNs and FOX News. International cable channels' affiliate revenues increased 31% over ...

and more »

Confirmed: Pinterest Raises $100 Million to Fund International Expansion - Mashable

The Guardian

Confirmed: Pinterest Raises $100 Million to Fund International Expansion
Mashable
For a time, the startup was quietly earning money through an affiliate revenue scheme, but quickly shut it down after media caught wind of it. Still, Pinterest seems to have great revenue-earning potential, given that the network is already driving ...
Pinterest 'raises $100m for global expansion'Digital Spy UK

all 248 news articles »

Ad Sales Fuel Growth at Disney, News - Multichannel News

Ad Sales Fuel Growth at Disney, News
Multichannel News
Affiliate revenue rose 15% reflecting higher rates at all of the US networks. Ad revenue at the domestic cable channels grew 10% in the quarter, with doubledigit gains at Fox News and the National Geographic Channels. At Disney, television networks and ...


AMC: Dish Spat Could Have 'Material Effect' - Multichannel News

AMC: Dish Spat Could Have 'Material Effect'
Multichannel News
Affiliate revenue was up 15%. In a May 7 earnings call, Dish chairman Charlie Ergen, armed with what he called extensive set-top box data, claimed that losing the AMC channels would go unnoticed by the subscriber base. He also contended that by making ...

and more »

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