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.
Many smart businessmen the world over have used the advantages offered by the Internet to form multiple streams of income. The following are a sampling of possibilities that explain how to develop an income portfolio online.
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 make great bait for search engine spiders because of its ability to create lots of content very quickly. You can place AdSense on your directory and watch your income grow, but an increasingly popular way of building a passive income with an online directory is by selling text links.
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.
Text links can be used on websites even if they arent online directories. Making a certain part of your web page available for selling links will allow you to take advantage of this opportunity. The price you can charge for such links will depend on how your website is ranked for amount of visitors.
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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