UA-55037948-1

Thursday, October 17, 2013

A Guide To Creating Multiple Income Streams



A Guide To Creating Multiple Income Streams



In a world that's constantly changing, security is hard to come by, especially financial security. Companies merge, fold and downsize. The days of pensions and company loyalty are over. Creating multiple income streams is a great way to build financial stability. Follow these steps to increase your monetary resources and create multiple streams of income

Being self employed can be a big challenge. When the cash flow is on, things are good. However, when the cash isn’t coming in things can get pretty tight. Lately my cash flow has been on, but if or when it starts to slow I want to be ready. The best way to prepare yourself for the lean times is to have various sources of income. Successful business people don’t have to be working to make money. They’re still making money even when they’re out sailing and you should too. Most freelancers don’t realize it, but they are literally surrounded with money makers. Do you design web sites, take photography, or have a specialized skill? You can take these things and turn them into multiple streams of income that can be used to help you through the lean times.
money

How many projects have you designed that weren’t used or photographs that didn’t quite make the spread? Just because they weren’t used for that project doesn’t mean they’re dead. Let’s take a look at few different ways you can make cash with projects you thought were dead.

Say Cheese

1) If you are a photographer, illustrator, or designer then you no doubt have projects that didn’t make the cut. If you’ve got a folder full of images why not upload them to a site like iStockPhoto. Sure it’s only a few cents for each download, but hey it’s better than letting them sit. iStockPhoto accepts 2.0 megapixel or larger photos, 3D images, and illustrations. Upload and cash in. If you’ve designed some web sites that didn’t make it, think about packaging them up and selling them as templates.

Create Training

2) Did you work on a project using a technique or style that you created? Are you an expert on a certain topic? There is a huge demand these days for educational products. Sites like Lynda.com and dvGarage create training for digital artists. If you have something unique to offer send them an email, you never know what they might be looking for. If you have your own site you could try selling the training yourself.

Join The Blogosphere

3) Creating a blog for yourself helps establish a lot of things. Potential clients might find you. Other artists might see your work. You can share your techniques and thoughts with the world, perhaps establishing yourself as an expert on a topic. It also helps you brush up on your writing skills, plus it’s fun. You can also monetize you blog as well with something like AdSense or other types of affiliate programs.

The Write Stuff

4) Magazines, Web Sites and Publishers are always looking for good writers. Since you’ve been blogging for a while now, you have a great online portfolio. John Foster, a friend of mine writes for a computer magazine. He’s a hardware reviewer so for every article he writes, a piece of computer equipment comes to his door to play with, plus he gets paid to write about it.
Book companies, especially companies like Oreilly that deal with technology are always looking for experts to author books. Once again, if you have what it takes email them or even call and find out what they’re looking for. Once you become an author you might start to drift into the next area…

Speak Louder

5) Speaking engagements can be the key to getting work. Too bad it’s everyones least favorite thing to do. Brush up on your speaking skills at the local Toastmasters meeting, it’s not just for sales people anymore. Once you’ve created a site, with tutorials, and have a book you’ll get to promote all of these during your speaking engagement. Plus you get all the people coming up afterward with questions, which is an opportunity to pass out business cards and network.

Conclusion

If it seems like a lot, it’s because it is. However, the best part about most of the work above it that it creates multiple income streams. I can tell you there is nothing like doing something once and getting checks for it over and over again, it sure beats doing client work. Most of the time freelancers are too busy looking for the next project to turn their ideas into money, but if you try even just one of the ideas above, you should be well on your way to multiple income streams. Good Luck.
- See more at: http://michaeldoig.net/26/a-guide-to-creating-multiple-income-streams.htm#sthash.m2r9aoFj.dpuf

Creating Multiple Streams of Income Online



The Internet offers entrepreneurs enormous potential to create multiple streams of income online. 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.
Creating multiple streams of income has become a reality for entrepreneurs all over the world because of the opportunities that the Internet has created and here are just some of the many ways to help you get started building your income portfolios
.
1. Google AdSense
Google's AdSense program is probably one of the easiest ways for anyone, even a complete newbies, to start building a passive stream of income. AdSense is a pay-per-click advertising network that pays you every time a visitor to your website clicks on an advertisement. Apart from placing a simple piece of code on your website that AdSense provides, the only other "real" work you have to do is create relevant content and drive traffic to your site.

2. Create An Online Directory
Online directories make great bait for search engine spiders because of its ability to create lots of content very quickly. You can place AdSense on your directory and watch your income grow, but an increasingly popular way of building a passive income with an online directory is by selling text links.
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
If you have information that you think people would be keen to pay for, consider starting a membership site. Impose a low monthly subscription fee and offer information that is exclusive to this community. If you think your information is worth a higher subscription fee, then raise the price. Prospects will pay if they know the information is made exclusively for them.

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.

6. Affiliate Marketing
Probably, the most popular business model for earning an income online, affiliate marketing is a really simple way of creating a new stream of income online on a very low budget. Affiliate marketing is about selling someone else's product or service for a commission, without having to deal with customer payments and product deliveries on your end. Amazon.com is a perfect example of how affiliate marketing works and is definitely a great business model to get into.

7. Teleseminars
If you already have a subscriber base, then consider selling them your expertise via a series of paid teleseminars. Offering paid teleseminars is a wonderful way of helping your customers and prospects learn more about your products or services. You can monetize your paid teleseminars even further by recording them and selling them in different audio formats, or even have them transcribed to be sold as eBooks.

8. Special Reports And eBooks
If you could record a teleseminar and sell it as an eBook, imagine what you could do with the rest of the intellectual property you own. People love consuming information, and packaging solutions to a problem in the form of special reports and eBooks is a revenue stream that can truly last you a lifetime.

9. Create A Tips Booklet
Very much like creating special reports, but a tips booklet can be shorter and more succinct. I mentioned people loved gaining access to exclusive information, but even more of them love reading a list of tips for quick solutions. David Letterman uses this to his advantage with his Top Ten List and it has now become a favorite segment of his show. You too can use this to your advantage by creating a booklet of "The Top 10 Ways To ..." or variations of that to build yourself a nice stream of income.

Creating multiple streams of income isn't rocket science and is very achievable. All it takes is a little ingenuity and lots of determination.
Robert Moment is an innovative small business coach and author of Invisible Profits: The Power of Exceptional Customer Service. Robert specializes in teaching small business owners "how to" actionable small business marketing ideas and strategies that generate profitable results.
Being self employed can be a big challenge. When the cash flow is on, things are good. However, when the cash isn’t coming in things can get pretty tight. Lately my cash flow has been on, but if or when it starts to slow I want to be ready. The best way to prepare yourself for the lean times is to have various sources of income. Successful business people don’t have to be working to make money. They’re still making money even when they’re out sailing and you should too. Most freelancers don’t realize it, but they are literally surrounded with money makers. Do you design web sites, take photography, or have a specialized skill? You can take these things and turn them into multiple streams of income that can be used to help you through the lean times.
money

How many projects have you designed that weren’t used or photographs that didn’t quite make the spread? Just because they weren’t used for that project doesn’t mean they’re dead. Let’s take a look at few different ways you can make cash with projects you thought were dead.

Say Cheese

1) If you are a photographer, illustrator, or designer then you no doubt have projects that didn’t make the cut. If you’ve got a folder full of images why not upload them to a site like iStockPhoto. Sure it’s only a few cents for each download, but hey it’s better than letting them sit. iStockPhoto accepts 2.0 megapixel or larger photos, 3D images, and illustrations. Upload and cash in. If you’ve designed some web sites that didn’t make it, think about packaging them up and selling them as templates.

Create Training

2) Did you work on a project using a technique or style that you created? Are you an expert on a certain topic? There is a huge demand these days for educational products. Sites like Lynda.com and dvGarage create training for digital artists. If you have something unique to offer send them an email, you never know what they might be looking for. If you have your own site you could try selling the training yourself.

Join The Blogosphere

3) Creating a blog for yourself helps establish a lot of things. Potential clients might find you. Other artists might see your work. You can share your techniques and thoughts with the world, perhaps establishing yourself as an expert on a topic. It also helps you brush up on your writing skills, plus it’s fun. You can also monetize you blog as well with something like AdSense or other types of affiliate programs.

The Write Stuff

4) Magazines, Web Sites and Publishers are always looking for good writers. Since you’ve been blogging for a while now, you have a great online portfolio. John Foster, a friend of mine writes for a computer magazine. He’s a hardware reviewer so for every article he writes, a piece of computer equipment comes to his door to play with, plus he gets paid to write about it.
Book companies, especially companies like Oreilly that deal with technology are always looking for experts to author books. Once again, if you have what it takes email them or even call and find out what they’re looking for. Once you become an author you might start to drift into the next area…

Speak Louder

5) Speaking engagements can be the key to getting work. Too bad it’s everyones least favorite thing to do. Brush up on your speaking skills at the local Toastmasters meeting, it’s not just for sales people anymore. Once you’ve created a site, with tutorials, and have a book you’ll get to promote all of these during your speaking engagement. Plus you get all the people coming up afterward with questions, which is an opportunity to pass out business cards and network.

Conclusion

If it seems like a lot, it’s because it is. However, the best part about most of the work above it that it creates multiple income streams. I can tell you there is nothing like doing something once and getting checks for it over and over again, it sure beats doing client work. Most of the time freelancers are too busy looking for the next project to turn their ideas into money, but if you try even just one of the ideas above, you should be well on your way to multiple income streams. Good Luck.
- See more at: http://michaeldoig.net/26/a-guide-to-creating-multiple-income-streams.htm#sthash.YRPwweI7.dpuf

Being self employed can be a big challenge. When the cash flow is on, things are good. However, when the cash isn’t coming in things can get pretty tight. Lately my cash flow has been on, but if or when it starts to slow I want to be ready. The best way to prepare yourself for the lean times is to have various sources of income. Successful business people don’t have to be working to make money. They’re still making money even when they’re out sailing and you should too. Most freelancers don’t realize it, but they are literally surrounded with money makers. Do you design web sites, take photography, or have a specialized skill? You can take these things and turn them into multiple streams of income that can be used to help you through the lean times.
money

How many projects have you designed that weren’t used or photographs that didn’t quite make the spread? Just because they weren’t used for that project doesn’t mean they’re dead. Let’s take a look at few different ways you can make cash with projects you thought were dead.

Say Cheese

1) If you are a photographer, illustrator, or designer then you no doubt have projects that didn’t make the cut. If you’ve got a folder full of images why not upload them to a site like iStockPhoto. Sure it’s only a few cents for each download, but hey it’s better than letting them sit. iStockPhoto accepts 2.0 megapixel or larger photos, 3D images, and illustrations. Upload and cash in. If you’ve designed some web sites that didn’t make it, think about packaging them up and selling them as templates.

Create Training

2) Did you work on a project using a technique or style that you created? Are you an expert on a certain topic? There is a huge demand these days for educational products. Sites like Lynda.com and dvGarage create training for digital artists. If you have something unique to offer send them an email, you never know what they might be looking for. If you have your own site you could try selling the training yourself.

Join The Blogosphere

3) Creating a blog for yourself helps establish a lot of things. Potential clients might find you. Other artists might see your work. You can share your techniques and thoughts with the world, perhaps establishing yourself as an expert on a topic. It also helps you brush up on your writing skills, plus it’s fun. You can also monetize you blog as well with something like AdSense or other types of affiliate programs.

The Write Stuff

4) Magazines, Web Sites and Publishers are always looking for good writers. Since you’ve been blogging for a while now, you have a great online portfolio. John Foster, a friend of mine writes for a computer magazine. He’s a hardware reviewer so for every article he writes, a piece of computer equipment comes to his door to play with, plus he gets paid to write about it.
Book companies, especially companies like Oreilly that deal with technology are always looking for experts to author books. Once again, if you have what it takes email them or even call and find out what they’re looking for. Once you become an author you might start to drift into the next area…

Speak Louder

5) Speaking engagements can be the key to getting work. Too bad it’s everyones least favorite thing to do. Brush up on your speaking skills at the local Toastmasters meeting, it’s not just for sales people anymore. Once you’ve created a site, with tutorials, and have a book you’ll get to promote all of these during your speaking engagement. Plus you get all the people coming up afterward with questions, which is an opportunity to pass out business cards and network.

Conclusion

If it seems like a lot, it’s because it is. However, the best part about most of the work above it that it creates multiple income streams. I can tell you there is nothing like doing something once and getting checks for it over and over again, it sure beats doing client work. Most of the time freelancers are too busy looking for the next project to turn their ideas into money, but if you try even just one of the ideas above, you should be well on your way to multiple income streams. Good Luck.
- See more at: http://michaeldoig.net/26/a-guide-to-creating-multiple-income-streams.htm#sthash.m2r9aoFj.dpuf
Being self employed can be a big challenge. When the cash flow is on, things are good. However, when the cash isn’t coming in things can get pretty tight. Lately my cash flow has been on, but if or when it starts to slow I want to be ready. The best way to prepare yourself for the lean times is to have various sources of income. Successful business people don’t have to be working to make money. They’re still making money even when they’re out sailing and you should too. Most freelancers don’t realize it, but they are literally surrounded with money makers. Do you design web sites, take photography, or have a specialized skill? You can take these things and turn them into multiple streams of income that can be used to help you through the lean times.
money

How many projects have you designed that weren’t used or photographs that didn’t quite make the spread? Just because they weren’t used for that project doesn’t mean they’re dead. Let’s take a look at few different ways you can make cash with projects you thought were dead.

Say Cheese

1) If you are a photographer, illustrator, or designer then you no doubt have projects that didn’t make the cut. If you’ve got a folder full of images why not upload them to a site like iStockPhoto. Sure it’s only a few cents for each download, but hey it’s better than letting them sit. iStockPhoto accepts 2.0 megapixel or larger photos, 3D images, and illustrations. Upload and cash in. If you’ve designed some web sites that didn’t make it, think about packaging them up and selling them as templates.

Create Training

2) Did you work on a project using a technique or style that you created? Are you an expert on a certain topic? There is a huge demand these days for educational products. Sites like Lynda.com and dvGarage create training for digital artists. If you have something unique to offer send them an email, you never know what they might be looking for. If you have your own site you could try selling the training yourself.

Join The Blogosphere

3) Creating a blog for yourself helps establish a lot of things. Potential clients might find you. Other artists might see your work. You can share your techniques and thoughts with the world, perhaps establishing yourself as an expert on a topic. It also helps you brush up on your writing skills, plus it’s fun. You can also monetize you blog as well with something like AdSense or other types of affiliate programs.

The Write Stuff

4) Magazines, Web Sites and Publishers are always looking for good writers. Since you’ve been blogging for a while now, you have a great online portfolio. John Foster, a friend of mine writes for a computer magazine. He’s a hardware reviewer so for every article he writes, a piece of computer equipment comes to his door to play with, plus he gets paid to write about it.
Book companies, especially companies like Oreilly that deal with technology are always looking for experts to author books. Once again, if you have what it takes email them or even call and find out what they’re looking for. Once you become an author you might start to drift into the next area…

Speak Louder

5) Speaking engagements can be the key to getting work. Too bad it’s everyones least favorite thing to do. Brush up on your speaking skills at the local Toastmasters meeting, it’s not just for sales people anymore. Once you’ve created a site, with tutorials, and have a book you’ll get to promote all of these during your speaking engagement. Plus you get all the people coming up afterward with questions, which is an opportunity to pass out business cards and network.

Conclusion

If it seems like a lot, it’s because it is. However, the best part about most of the work above it that it creates multiple income streams. I can tell you there is nothing like doing something once and getting checks for it over and over again, it sure beats doing client work. Most of the time freelancers are too busy looking for the next project to turn their ideas into money, but if you try even just one of the ideas above, you should be well on your way to multiple income streams. Good Luck.
- See more at: http://michaeldoig.net/26/a-guide-to-creating-multiple-income-streams.htm#sthash.m2r9aoFj.dpuf

Being self employed can be a big challenge. When the cash flow is on, things are good. However, when the cash isn’t coming in things can get pretty tight. Lately my cash flow has been on, but if or when it starts to slow I want to be ready. The best way to prepare yourself for the lean times is to have various sources of income. Successful business people don’t have to be working to make money. They’re still making money even when they’re out sailing and you should too. Most freelancers don’t realize it, but they are literally surrounded with money makers. Do you design web sites, take photography, or have a specialized skill? You can take these things and turn them into multiple streams of income that can be used to help you through the lean times.
money

How many projects have you designed that weren’t used or photographs that didn’t quite make the spread? Just because they weren’t used for that project doesn’t mean they’re dead. Let’s take a look at few different ways you can make cash with projects you thought were dead.

Say Cheese

1) If you are a photographer, illustrator, or designer then you no doubt have projects that didn’t make the cut. If you’ve got a folder full of images why not upload them to a site like iStockPhoto. Sure it’s only a few cents for each download, but hey it’s better than letting them sit. iStockPhoto accepts 2.0 megapixel or larger photos, 3D images, and illustrations. Upload and cash in. If you’ve designed some web sites that didn’t make it, think about packaging them up and selling them as templates.

Create Training

2) Did you work on a project using a technique or style that you created? Are you an expert on a certain topic? There is a huge demand these days for educational products. Sites like Lynda.com and dvGarage create training for digital artists. If you have something unique to offer send them an email, you never know what they might be looking for. If you have your own site you could try selling the training yourself.

Join The Blogosphere

3) Creating a blog for yourself helps establish a lot of things. Potential clients might find you. Other artists might see your work. You can share your techniques and thoughts with the world, perhaps establishing yourself as an expert on a topic. It also helps you brush up on your writing skills, plus it’s fun. You can also monetize you blog as well with something like AdSense or other types of affiliate programs.

The Write Stuff

4) Magazines, Web Sites and Publishers are always looking for good writers. Since you’ve been blogging for a while now, you have a great online portfolio. John Foster, a friend of mine writes for a computer magazine. He’s a hardware reviewer so for every article he writes, a piece of computer equipment comes to his door to play with, plus he gets paid to write about it.
Book companies, especially companies like Oreilly that deal with technology are always looking for experts to author books. Once again, if you have what it takes email them or even call and find out what they’re looking for. Once you become an author you might start to drift into the next area…

Speak Louder

5) Speaking engagements can be the key to getting work. Too bad it’s everyones least favorite thing to do. Brush up on your speaking skills at the local Toastmasters meeting, it’s not just for sales people anymore. Once you’ve created a site, with tutorials, and have a book you’ll get to promote all of these during your speaking engagement. Plus you get all the people coming up afterward with questions, which is an opportunity to pass out business cards and network.

Conclusion

If it seems like a lot, it’s because it is. However, the best part about most of the work above it that it creates multiple income streams. I can tell you there is nothing like doing something once and getting checks for it over and over again, it sure beats doing client work. Most of the time freelancers are too busy looking for the next project to turn their ideas into money, but if you try even just one of the ideas above, you should be well on your way to multiple income streams. Good Luck.
- See more at: http://michaeldoig.net/26/a-guide-to-creating-multiple-income-streams.htm#sthash.YRPwweI7.dpuf

Related Posts Plugin for WordPress, Blogger...