Though most successful businessmen tend to be quite enterprising, less of them than you might think believe that multiple streams of income can be found. The phrase multiple streams of income is attributed to Robert Allen. This is actually one of the best ways to not just become rich, but stay that way.
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
Even for the inexperienced, Google AdSense is a simple way to begin gaining income from the Internet. Every time that a visitor to your website clicks on an advertisement, Google AdSense pays you. There is very little work involved in setting this system up. All that you have to do is find a way to attract visitors to your website.
2. Create an Online Directory
Online directories tend to receive lots of web traffic due to their large amount of content. Income can be built using AdSense on such sites. Selling text links on the web page is another way to develop a passive income that is being popularized.
As opposed to more traditional banner advertisements, text links appear in the directory itself. Such links can be sold per month, year, or permanently. Using this system will help to increase your 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
Being paid for writing a blog is now a very popular way of earning money online. You can be paid for using your blog entries to review other blogs or specific products. Many advertisers are willing to pay for bloggers that do this type of work. Websites like PayPerPost.com and ReviewMe.com are examples of such a revenue system.
4. Create a Membership Site
You could start a website with a monthly fee if you believe you can offer information worth such a payment. Offer special services and content to paying members. Knowing that there is specific content reserved for members only will help build your membership and eventually allow you to raise the monthly fee.
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.
By Theo McLanahan
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