Apr
15
2013

Setting up a Stream of Income Online

There are many ways to set up steady streams of income that keeps coming in over time. A common problem with Internet Marketers is that when they don’t (or can’t) work for a period of time, their income drops off dramatically. Taking time off becomes very difficult when the money stops coming in.

So what can you do about it? You have to find ways to get residual income and set up some streams of income.

Online Residual Income

Online residual income is the best kind of income there is online. It is income where you do the work once and the income keeps coming in over and over again. If you have that income to fall back on, you can reposition yourself and your online business, if you fall on hard times.

People don’t make it online because they don’t make enough money and have to go back to their day job. If you have focused on developing that residual income, you can have that income to live on and then you can focus your efforts on other income methods.

Affiliate Marketing

Another thing that you can do is put up a series of blogs in different markets and find products to affiliate and start blogging. Once the money starts rolling it, it should stay pretty steady for a while. The only thing that you have to monitor is the products that you’re promoting and make sure that the traffic keeps coming (monitor your rankings in the search engines).

Some products have a shelf life of years, but some only have a shelf life of a couple of months. Always be looking for newer or better products to promote that have better converting sales pages etc.

Membership Payments

You can also set up various membership sites. This will give you an opportunity to get monthly residual income. Once you have your membership site, all you have to do is focus on getting more members and keeping the members that you have.

Mailing List Subscribers

The saying “the money is in the list” is quite true, and that’s why it is always recommended that you try to build a list of subscribers who are interested in a particular topic. Let’s say you have a blog on weight loss. You can easily add an opt in box where people can sign up using their email to receive a freebie that you give away (you can get free ebooks with giveaway rights on most PLR sites). Once you have a list of subscribers you can market to them over and over again. If you use an autoresponder like Aweber, you can set it up with follow up messages (paste your pre written emails into the autoresponder and set them up to go out at particular intervals). That way your subscribers continue to get your emails (where you recommend products using your affiliate link) even when you are not working.

There are a lot of possibilities out there. It’s just a matter of going out there and taking action and doing some work. You have to be willing to work and build the pillars of your online business by developing a bunch of streams of income that keep coming in.

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