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Developing Multiple Streams of Online Income

 

Creating multiple sources of passive online income is becoming the most popular way to earn money on the internet. It is important to have cash flowing in from many different places, as job security is lower online than in the real world. Waking up to find your most profitable client or position has gone under is not a good feeling, which is why multiple revenue streams are very important.

Writing Sites

There are a plethora of websites online that will allow you to post your articles in exchange for passive income. These websites place Google and other ads around your content, and then share the earnings from these ad services with you. Each time a viewer clicks an ad, both you and the website owners earn money. You gain the benefit of the site's popularity and reputation when you post your articles here, which means they may be indexed faster and rank better with the search engines. Among the most popular of these revenue streams include eHow, Associated Content, Suite 101 and Bukisa.

Blogging

Blogging is one of the most common revenue streams for online marketers and writers. This involves setting up a blog, whether it be free at Blogger or on your own domain using WordPress. Updating it regularly with fresh, quality content will draw viewers. The blog can then be sprinkled with ads and affiliate products related to the topic of your blog. This is similar to the passive income writing sites, only you do not have to share the profits with anyone. Also, you have to work harder to gain popularity and traffic to your blog, which can be done using free or paid methods of traffic generation. Many people are getting into blogging as a way to make money on the internet.

Affiliate Marketing

Affiliate marketing involves promoting other people's products in order to earn a commission when a sale is made. Clickbank is the largest online database for products that are waiting to be promoted, and getting started is easy. Once you have signed up, you can create special hoplinks that you can then promote via article marketing, blogging, Squidoo lens and other methods of traffic generation. When a buyer makes a purchase through your hoplink, you generally earn 50%-70% of the selling price.

Product Creation

Creating your own digital info product to sell online is one of the most lucrative revenue streams. Having your own product gives you something to sell while getting to keep 100% of the money you earn. You can offer affiliates the option of promoting your product as well, which will only increase your earnings, as you will have people "working" to make you money online.

When implemented, passive income can be a blessing to your financial situation. Most of these revenue streams are "set it and forget it," meaning once you have them up on the internet, they will not require any (or very little) maintenance in the future. Opening your options to various avenues will only increase the money you earn while sleeping or away from your computer.

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