How to Create Multiple Streams of Income, Part 2

A while back I wrote a little article called "My Vision of Multiple Streams of Income". After receiving several emails asking for a sequel and sharing more real life experience I decided to give an update on my journey with SFI and Stone Evans' PIPS system.

As I mentioned in my last article I went off a good start with this system and I honestly can attest it really works. The only negative thing is, if you want to call it this way, that I put a lot of effort into this project. The system is designed to run on autopilot, that's great. But until you've reached a certain level of visibility, you need run your promotions around the clock. I'm almost there.

As an example: I run several Google AdWords campaigns to promote my website and SFI. The reason for this is simple. This is a highly competitive market and achieving high rankings with the major search engines takes a long time and due to the rough competition you won't be able to reach the top without a few backdoor tricks.

So I took the route of actually spending some advertising money and in return I have a wide spread exposure. Remember the baseball movie with Kevin Kostner "Field of Dreams" with the famous remark "If you build it they will come"? Unfortunately this is no longer true for the internet.

Back to the topic of controlling the advertising cost with Google AdWords. I closely track my expenses and I keep a lit on it if it gets too high.

The tricky part is to decide when it is too high. I don't have an answer for this. For me it means whatever I'm comfortable with. Because you're building residual income and you're not aiming for a single sale. This is hard to gauge. Conversion rates are useless, although my conversion rate so far is over 20%. That is pretty good from what I read about this topic. What this number means in subsequent income has to be determined.

I also tapped into the extensive library of SFI's partner IAHBE. At first I just joined this organization because it guarantees my position in the SFI network. But after researching their services and utilizing their benefits like free mail leads, I have to say that this is a great institution. It's worth every penny of your monthly fees.

Speaking about value-added services and benefits. The one thing I'm truly impressed with is the quality and consistency of the marketing material offered by SFI. The wealth of online and offline marketing material can be overwhelming, but if you use it appropriate it is a very effective tool. Of course SFI also offers quality products and services, which makes it easy to sell.

By using Stone Evans' PIPS (Plugin Profit Site) system I could maximize these efforts. I'm selling all sorts of products and I already received several commission checks through my affiliate program with Clickbank. This is a huge affiliate provider for electronic books and software. My job is to attract customers to the products and then the manufacturer or author of the product does all the selling and credit card processing. As soon as the credit card is processed I receive a commission, which varies between products.

After about 3 months of running this business I would say that I'm still a little bit negative with my finances, but this is due to my extensive Google AdWords campaigns. By not counting this, I'm actually making some money. Nothing to brag about, but maybe in another 3 months my tune might change.

Please send me an email if you like to hear an update more often.

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.

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Google News Updated : Sun, 07 Sep 2008 14:08:18 GMT 'True Blood': Something More Than Human - PopMatters Canada.com 'True Blood': Something More Than Human PopMatters - 56 minutes ago by Cynthia Fuchs Bill Maher thinks vampires may be overstepping by demanding “basic civil rights just like everyone else.” He asks his guest on Real Time, a representative for the American Vampire League, “Doesn’t your race have a sordid history of ... 'Six Feet Under' creator behind HBO's 'True Blood' Chicago Sun-Times 'True Blood': Undead On Arrival Washington Post eFluxMedia - E! Online - Naperville Sun - Cape Cod Times all 228 news articles Publ.Date : Sun, 07 Sep 2008 13:11:56 GMT Land Of Big Science - Newsweek CBC.ca Land Of Big Science Newsweek - 20 hours ago The Large Hadron Collider is a symptom of America's decline in particle physics and, some fear, in science overall. By Fred Guterl, William Underhill and Sarah Garland | NEWSWEEK Please fill in the following information and we'll email this link. The Final Touches For The Large Hadron Collider's Launch eFluxMedia When European physicists bring their monstrous supercollider to ... Chicago Tribune Telegraph.co.uk - Ars Technica - Register - TG Daily all 400 news articles Publ.Date : Sat, 06 Sep 2008 17:13:15 GMT No. 4 Florida Pulls Away From Miami For Win - AHN Washington Post No. 4 Florida Pulls Away From Miami For Win AHN - 29 minutes ago Gainesville, FL (AHN) - Tim Tebow threw for 256 yards and two touchdowns, lifting No. 4 Florida to a 26-3 win over in-state rival Miami Saturday. Marve's debut gives Miami (Fla.) reason for hope SportingNews.com Tim Tebow leads Florida past Miami Los Angeles Times ESPN - Seattle Post Intelligencer - Honolulu Advertiser - Orlando Sentinel all 684 news articles Publ.Date : Sun, 07 Sep 2008 13:39:03 GMT Gates outacts Seinfeld in Back To The Future - CNET News Scientific American Gates outacts Seinfeld in Back To The Future CNET News - 14 hours ago Which is why Crispin Porter Bogusky, the agency responsible for the otherworldly new Microsoft TV spot featuring the clowning Bill Gates and Jerry Seinfeld, is already happy. Microsoft's Renewed Vista Strategy PC World Journals week in review: news from One Microsoft Way Ars Technica New York Times - InformationWeek - CRN - eFluxMedia all 527 news articles Publ.Date : Sun, 07 Sep 2008 00:01:52 GMT Health Highlights: Sept. 7 2008 - U.S. News & World Report Seattle Post Intelligencer Health Highlights: Sept. 7 2008 U.S. News & World Report - 1 hour ago On the heels of the huge nationwide salmonella outbreak that caused more than 1400 illnesses from Mexican peppers, a regional Oregon alfalfa sprout distributor has recalled its product in Oregon and Washington state after the sprouts were linked to 13 ... Salmonellosis outbreak prompts sprout recall Forbes Salmonella outbreak traced to alfalfa sprouts Seattle Post Intelligencer TheMedGuru - Seattle Times - eFluxMedia - HeraldNet all 78 news articles Publ.Date : Sun, 07 Sep 2008 13:07:54 GMT Evans KOs Liddell at UFC 88 - FOXSports.com Vancouver Sun Evans KOs Liddell at UFC 88 FOXSports.com - 7 hours ago by Elias Cepeda, InsideFighting.com Rashad Evans shot himself straight to the top of the long list of challengers in the UFC's light heavyweight division with a devastating knockout win over the sport of MMA's top name and former champion, ... Liddell Loses Luster With UFC Defeat To Evans AHN Rashad Evans knocks out Chuck Liddell The Associated Press USA Today - Yahoo! Sports - Los Angeles Times - Washington Post all 245 news articles Publ.Date : Sun, 07 Sep 2008 06:18:30 GMT Ike blasts Turks and Caicos as Category 4 storm - The Associated Press Canada.com Ike blasts Turks and Caicos as Category 4 storm The Associated Press - 47 minutes ago PROVIDENCIALES, Turks and Caicos (AP) - Hurricane Ike damaged most of the homes on Grand Turk island as it roared onto the Bahamas, raked Haiti's flooded cities with rain and threatened the Florida Keys on its way to Cuba as a ferocious Category 4 ... Video: Haiti suffers floods as Hurricane Ike hits Caribbean - 07 Sep 08 AlJazeeraEnglish Eyewitness: Waiting for Ike BBC News ABC News - International Herald Tribune - United Press International - Bloomberg all 3,120 news articles Publ.Date : Sun, 07 Sep 2008 13:20:36 GMT Make Money Online RSS For Web Pages

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