Multiple Streams of Income

A Case For Business

Where can you find your income

Multiple Streams of Income

Simply, explore all the ways that you can create income streams - especially from your business.

Don’t think one dimensional – explore all the ways that you can make money!

You don’t have to have a business to make money doing business. Be creative and use the SWOT analysis - what are your:

StrengthWeaknessesOpportunitiesTalents

Example

If you are a fitness coach – you don’t have to focus all your energy on training clients – get creative – here is a prime example of multiple streams of income for a fitness trainer.

Income streams for a fitness professional

Contract or Freelance Work

As a Freelancer or Consultant – here is how you can make money:

Subcontract opportunity with a prime contractor

Freelance on a special assignment with a company

Lend your skills as a expert and consultant

Work on assignment or tempoSecure a monthly contract

Do your research to explore opportunities

People are selling their skills

www.elance.com www.guru.co www.rentacoder.com www.allfrelancework.com

Set yourself up as a Expert

Start a blog Share your knowledge with others and make your

money from ads – a great revenue stream If you are willing to take the time and effort – you can

build a strong following on the Internet

Write articles for online directories

Submit your high-quality, original articlesfor more exposure, credibility and trafficback to your website.

Source: www.ezine.com

Article Directories

Free article directories are websites that allow you to submit your articles and host them for free. If you are selling a product or service from a website, submitting articles to free article directories is a strategy to promote yourself and your business.

Are people making money from blogs

Superstar bloggers make over $100000 per month. top blogging network, Weblogs, Inc. is

believed to earn about $30 million a month revenue from 13 million unique visitors

22 year old Johns Wu sold his blog for $15 Million

Make Money from Selling InformationInfopreneur

An infopreneur is an entrepreneur who specializes in information. They provide, promote, and distribute knowledge, usually within a niche market.

Make money by PROVIDING quality information to others. The most profitable areas are usually non-fiction ‘how-to’ subject matter, where you teach or demonstrate how to do something.

Top Earning Blogs

Create A Product

How can you turn your services into a product:

• Create a DVD or podcast explaining how to do something

• Design a web page

• Market your skills as a graphic designer

• Sell merchandise on your blog

• Develop instructional manuals

Affiliate Marketing

AM is an agreement between a merchant and a website owner. The website owner, or the affiliate, allows the use of their site for the promotion of the merchant's products by linking to the merchant's website. In exchange, the merchant pays a commission to the affiliate on all sales generated by the affiliate. Every time someone clicks on the link on the affiliate website and proceeds to make a purchase, the affiliate gets a commission.

E-Book Author

Sell an e-book Showcase your skills - Set up a website

and sell an e-book. Publishing an E-book is simple with new software. You can sell the E-book free to promote and drive traffic to your website or blog or you can charge a fee.

Showcase Your Skills

Teach a class Use your valuable skills and knowledge

to teach others. Teach at a community college, set up a series of seminars, or create your own classes online or teach at a local non profit or business.

Author

Write a book You can write a self publish your own

book! Are you fluent in English, have a passion for at

least one topic or want to share your story – you can write a book or submit your articles/guides to websites.  As an author, you can build your credentials as a subject matter expert.

What can you do?

Let’s think about all the ways that you can make money and just online…

Posting articles, selling E-books, Online surveys, Selling on E Bay, selling on Amazon, Virtual Assistant, Google Affiliate, Creating content and posting articles on blogs and website, Link Exchange, Google Adsense, sharing your story, Expert website, selling products, etc. etc.

Thought for the day