Published on March 4, 2014
How To Create Multiple Streams Of Income Online by jeng cua
Have you ever wondered to create a multiple streams of income? Having more than one stream of income not only increases your profit faster, it also increases your security.
Why don’t you look at your daily or monthly expenses, you spend $5 or $20 a day and when you accumulate all these expenses in a month you are shredding $600 per month. Why don’t you turn this thing on the other way around? Get $5 to $20 a day so you can end up keeping $600/month?
What is this extra $600/month can do for you? Can this help you in paying your monthly utility bills? or Paying your Car or House mortgage? How about keeping this extra money for your children’s education?
Why Multiple Streams Of Income Is Essential To Anyone? One beautiful Sunday morning in Vietnam when my husband and I analyzed the principles which riches may be accumulated in time with the power of your thoughts and a fire burning desire.
Most of us are dealing on the regular basis from the convenient of our monthly salary income, company’s perks and annual bonuses without looking into the future consequences of what’s lies behind if you work tons of hours and not seeing to slow down as you get older.
The most important thing that you need is build a multiple streams of income while you are still “able” to do this. A job is only temporary. When you get older have you ever dream to enjoy your life to the fullest or still worrying about your financial situations?
You never know what might happen to your job because companies nowadays are becoming wiser and wiser on how they can maximize their productivity, outsourcing people, production facilities and you are competing for jobs with the entire world. What should you be doing? I guess the simple answer to this is to prepare for your future!
Secure Your Future Financially By Building Your Multiple Streams Of Income People who do not succeed financially have one common trait. They do not escape from different alibis like “IF only I had time”, “IF only I had enough money” or “IF only I were younger”. Positive mindset is the result of self discipline and habit. You either control your mind or your mind will control you on what you become.
Here are 3 Multiple Streams Of Income You Can Create: 1. Sell an affiliate product from your blog My first taste of consistent money deposited to my account was from an affiliate marketing product came from my blog.
The amount is $24.95 check! And that was after couple of days after posting a valuable article that I had spent two-three hours during those initial days of blogging.
At the time, I had an audience of 622 readers and 60.9% of new visitors and 39.1% returning visitors to my website. I was using Google Analytics to monitor my website visitors. I was told about 2% is a reasonable conversion rate from people who know these things, so I assumed that would mean I would get at least 12 sales based on 622 readers.
So, if you will do a simple math here….if I can get 12 sales of an affiliate product that pays me $24.95 per sale, then all I need to do is write a great blog article to make $299.40 bucks! And if you do this with massive passion few times a week – you can create an additional income per month, rather than put in a half-hearted effort.
2. Write an e-book Do you have knowledge, skill, information or experience in a particular area that you could share with others? Then write an ebook and sell it.
If you write quality content in your website or blog there is a big case to be made about the quality of visitor you attract and the type of marketing you use to promote your products, it was all about the numbers. If 500 people can bring you $50 in sales, then 5,000 people should bring in $500 in sales.
3. Make sales from your Mailing list sales funnel The most important thing that you need to install in your website or blog is your optin page or squeeze page to capture your readers or future customers contact details.
Once you build up your subscribers, you can make a series of emails and start emailing that person on a regular basis either in auto responder series or through broadcast video. You can set up a pre-written email ahead of time that will mailed automatically to all your mailing lists.
This is the best way to automate your business. You can set it once and with any new person that optin to your page, they will get the appropriate email message that you set previous months or years ago.
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