Finding New Streams of Income on the Internet
ByHow many different streams of income do you have here on the internet?
If you answer only one, then you need to start looking at the world of making money online a bit harder. Blogs tend to be very popular in the effort to make money online, blogs aren’t the whole internet, many other ways of making money online in a very passive way exist. Lets look at a few…
- Blogging
- Affiliate Marketing
- Writing articles
- Writing Ebooks
- Retail Sales
- Wholesale Sales
- Website Design
- Designing new themes for WordPress and other blog platforms.
- Designing Plugins for WordPress
- Creating Mashups
- Designing Applications for Iphone and Google devices.
- Starting a new service business (For example, new social networks are always starting up.)
So far I just named off a dozen possible ways to make money on the internet. Each one I listed can be done working for someone else, or for most of us being self employed. The beauty of some of the ideas I listed is that they are passive income.
If you haven’t figured it out yet, passive income is an income source that once you create it requires little to no effort to maintain but keeps providing income. An example would be designing an app for the iphone. Once you design it an put it in the Apple store and on the web for sale, you need to do little else. Upgrading the app is the only real thing you would need to do from time to time depending on the app.
Writing is always a good passvie income, a good ebook on “How to” do something here on the net can sell quite well. I have many works I wrote 2-3 years ago still providing an income through royalties.
I only listed twelve ways to other sources of income, I’m sure my readers can come up with a lot more. There is another effect of having multiple streams of income, when you do start that all important blog up and you find it didn’t work out the way you had hoped look at the fact it is a minor failure in the big picture. A failed blog is so much more easy to take and move past if you have other sources of income that need your attention.