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.
 Google News Updated : Fri, 29 Aug 2008 18:25:37 GMT Microsoft to Buy Greenfield, Adding European Web Shopping Site - Bloomberg
Bloomberg - By Phil Serafino and Dina Bass Aug. 29 (Bloomberg) -- Microsoft Corp., seeking to catch Google Inc. in the Internet-search market, agreed to buy Greenfield Online Inc. for $486 million to add Web sites that help consumers find product reviews and ... Survey Says ... Microsoft Is a Smart Shopper Microsoft to buy price comparison website Publ.Date : Fri, 29 Aug 2008 17:24:21 GMT Evacuations begin in Louisiana - Houston Chronicle
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New York Times - By THOMAS FULLER BANGKOK - Protesters in Thailand ratcheted up their campaign to oust the government on Friday, broadening their occupation to stop trains and block provincial airports, as well as waging an unsuccessful attack on police headquarters ... Thai rioters attack police station UPDATE 8-Thai protests hit police HQ, disrupt airports Publ.Date : Fri, 29 Aug 2008 17:31:31 GMT Gustav on the Brink of Explosive Development - Washington Post
Washington Post - Over the past 48 hours Tropical Storm Gustav proved it was a survivor, as it withstood difficult journeys over Haiti and Jamaica. Now it may turn into a monster. Video: Gustav Set to Batter Cuba, Enter Gulf of Mexico Gustav threatens Caymans after swamping Jamaica Publ.Date : Fri, 29 Aug 2008 17:05:23 GMT In Lack of Health Insurance Coverage Texas Is First - eMaxHealth.com
eMaxHealth.com - Texas is at the top of the heap again - this time we are the most uninsured state, health care-wise, in the country. Oh wait, being without health insurance coverage is not a good thing, is it? Number of uninsured Americans drops Update2: Number Of Americans Without Health Insurance Drops Publ.Date : Fri, 29 Aug 2008 15:22:00 GMT Mayor Melton Advises Public of West Nile Precautions - WLBT-TV WLBT-TV - When planning outdoor activities this Labor Day weekend, Jackson residents are encouraged to reduce their risk of contracting West Nile virus by protecting themselves from mosquito bites and removing sources of standing water near their homes. DELAWARE: West Nile virus appears later than usual West Nile victim's widow ponders his death Publ.Date : Fri, 29 Aug 2008 17:28:14 GMT Detroit mayor's political future back in court - The Associated Press
The Associated Press - DETROIT (AP) - A lawyer for Mayor Kwame Kilpatrick asked a judge Friday to freeze next week's hearing that could remove him from office, accusing Gov. Judge to decide Tuesday on mayor's bid to halt ouster Hearing under way on suit against Granholm Publ.Date : Fri, 29 Aug 2008 17:06:32 GMT Amazon RSS Feeds |
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