How to Create Multiple Streams of Income, Part 1
You've must have read the phrase "multiple streams of income" numerous times on your journey searching for wisdom on the Internet. Regarding to Robert G. Allen, multiple streams of income are the stock market, real estate and the Internet. I prefer to add paycheck to this list as well. Most of us don't feel comfortable to give up the security of a steady income, at least not in the beginning.
During the next few months I will publish new articles about my very own experiences with building multiple streams of income. Although I just recently started, I have a lot to share and I hope I will inspire someone to avoid the mistakes I made, and still will make.
Please join me on my journey to financial freedom through my home-based business on the Internet. I will cover my experiences and mistakes with the stock market and in the real estate business in separate articles. For now I'm focusing on the Internet business.
I wasted hours and hours searching for the almighty golden key to financial freedom. I spent a lot of money for worthless e-books and signed up to almost every newsletter there is. Until I had to switch email addresses. My inbox couldn't keep up with the massive stream of useless emails.
What did I learn so far? Somebody else got a little bit closer to financial freedom, certainly not me! I was in desperate need of either giving up or dramatically changing my strategy. I'm not a quitter and whatever strategy I used, if so, it must change or I will find myself in financial hell.
Don't get me wrong. I'm not looking to make money out of thin air. I actually don't believe in the get rich with no money schemes. The only person getting rich is the author of the book! Some of these strategies may work in theory, but I've never seen substantial results in the long run. I might be wrong on this one, if so, please send me your opinion and experience with this business strategy.
Here's another advice; it takes time, lots of it. Don't rush yourself into hasty decisions just because you think it is a hot deal. Do your homework and research the deal as good as possible. If this is the true "hot" deal, it will be around for a while. Otherwise it's just another rip off scheme and someone else is making the big bucks. If you come across these 30 days to success guides, give yourself at least 60 days to achieve your success. Remember, patience is one of the key factors to success. Read the guide in its entirety and slowly start implementing these suggestions into action. Always keep track on what you did and double check after a few days or weeks, if it's working. Make changes as necessary.
I really don't remember how I got started with the idea of building my own home business on the Internet. I believe that I was searching for ways to increase web traffic to my real estate site. During my research I came across all these websites promising thousands of visitors to your site. Most of them are free, but you spend hours after hours to generate enough credits for your own site to be shown. And when the site is shown, guess who's looking at it? Another sleepless soul, who is looking to increase traffic to their site. This is not exactly the type of customer you're looking for.
After a while I thought, hmm, if I add a banner from a banner link exchange, then I will be able to trigger more targeted hits to my website. So I continued clicking night after night through these exchange services with little or no success. I wasted countless hours in front of the computer. My advice; stay away from these exchange services. Most of them are pure pyramid marketing schemes anyway. There are no real products or useful services offered by these sites.
At this point I started to discover the power of affiliate programs. And this, my friends, is the real deal! I'm not saying this just to get your attention; I'm speaking from experience. Affiliate programs come in any shape and form. Some are pure product reselling machines, others offer incentives for recruiting new affiliates and many are offering a combination of both. The real value behind this concept is; you get endless training material to sharpen your marketing skills. There are real products to sell and there is real money to make.
The mother of all affiliate programs is SFI. I joined them as soon as I learned the details and the benefits of their program. Later on I read about Stone Evans and his incredible services he offers. In fact, Stone is to blame that I'm writing this article.
So far I got off a good start with SFI and Stone Evans. I will keep you posted, if you like, in my next article.
Peter Dobler is a 20+ year veteran in the IT business. He is an active Real Estate Investor and a successful Internet business owner.
Get your own personal 24/7 money maker at www.mypluginhomebiz.com">http://www.mypluginhomebiz.com (Free setup in 24 hrs) or send a blank email to mailto:firstname.lastname@example.org to learn more about viral marketing.
Capping off the first week of unofficial earnings season we hear from several companies from a wide range of industries The good news is that most of the Q2 earnings results this morning were solid though like the full week of mostly strong reports marked notably by Netflix s 160
I have often looked at the sources of profits for the big four money center banks banks, Citi ( C ), JP Morgan Chase ( JPM ), Bank of America ( BAC ), and Wells Fargo ( WFC ), and used that information to assess market prospects for the few months that follow. In this respect, banks are an exception. Most of the
Initial Jobless Claims 160 remained very strong indicating continued robust domestic employment 216K new claims last week is in the middle of the 200 225K range we ve seen over the past few years This is higher than the downwardly revised 208K from the previous week and lower than the
Housing Starts and Building Permits for June metrics that are essential for tracking overall domestic economic growth came in mixed this morning The headline read for new 160 Housing Starts 160 reached 1 253 million seasonally adjusted annualized units higher than the 1 244
Retail Sales 160 in June performed much better than expected with results posted ahead of today s opening bell 0 4 on the headline above the 0 1 expected Stripping out auto sales this number stays 0 4 and ex autos amp gas it balloons up to 0 7 The control number was also 0
The opening salvo on busy season for Q2 earnings reports was supplied by 160 Citigroup 160 C which outperformed expectations on both top and bottom lines during today s pre market hours Earnings of 1 95 per share easily beat the 1 80 expected and the 1 62 in the year ago
Overview: The new record highs in US equities ahead of the weekend coupled with Chinese data that suggested the economy was gaining some traction as Q2 wound down is helping underpin risk appetites to start the week. Japanese markets were closed today, but equities were mostly firmer in the Asia Pacific regions,
For months, our interpretation of JOLTS (BLS Job Openings and Labor Turnover Survey) has been that employment growth will be slowing. JOLTS again this past week continues to reaffirm the slowing growth forecasts. The graph below shows the general correlation between nonfarm payrolls (red line) and JOLTS (blue
Following a fresh read on June s Consumer Price Index CPI yesterday morning today we see the other side of the coin 160 Producer Price Index PPI also for June and it also came out slightly ahead of expectations 0 1 growth on the headline compared with 0 1 expected and in
Earnings season is just beginning as companies release their results for Q2 2019, and that will come as a relief for many market watchers. After a few months of trying to read the minds of the Fed and following the Presidential Twitter feed, it will be nice to get back to more mundane, measurable things like
Yesterday following a 100 likelihood in the Federal Reserve deciding to cut interest rates at the end of this month Fed Chair Jay Powell did nothing to dispel this notion In fact to the extent there is a debate at all on this subject it s whether the Fed will decide to cut by 25 basis
In 160 today s pre market we look forward to a public speech by Federal Reserve Chair Jay Powell Discussions will include most prominently whether or not the interest rate cut baked into the stock market currently at a 100 chance is warranted or if there if some idea the Fed Chair
In another day of the pre market without any major economic data we look forward to tomorrow s testimony from Fed Chair Jay Powell on the state of the U S economy Three Fed members Bullard Quarles and Bostic will also be making speeches later today PepsiCo 160 PEP 160 got an
The Turkish president is getting desperate. Not only does he have a rival for the first time in many years after his party lost elections in Istanbul, but the Central Bank has been trying to operate independently, as it should--but Erdogan isn’t having that. On Saturday, Erdogan fired the country’s central bank
Normally, in a week that includes Congressional testimony by that Fed chair, the event would be all-consuming for market watchers and participants, and the focus would be entirely on any hints regarding policy. America, however, gave up on “normal” on January 20, 2017, so while Jay Powell’s appearance on the hill