How to Create Multiple Streams of Income, Part 2


A while back I wrote a little article called "My Vision of Multiple Streams of Income". After receiving several emails asking for a sequel and sharing more real life experience I decided to give an update on my journey with SFI and Stone Evans' PIPS system.

As I mentioned in my last article I went off a good start with this system and I honestly can attest it really works. The only negative thing is, if you want to call it this way, that I put a lot of effort into this project. The system is designed to run on autopilot, that's great. But until you've reached a certain level of visibility, you need run your promotions around the clock. I'm almost there.

As an example: I run several Google AdWords campaigns to promote my website and SFI. The reason for this is simple. This is a highly competitive market and achieving high rankings with the major search engines takes a long time and due to the rough competition you won't be able to reach the top without a few backdoor tricks.

So I took the route of actually spending some advertising money and in return I have a wide spread exposure. Remember the baseball movie with Kevin Kostner "Field of Dreams" with the famous remark "If you build it they will come"? Unfortunately this is no longer true for the internet.

Back to the topic of controlling the advertising cost with Google AdWords. I closely track my expenses and I keep a lit on it if it gets too high.

The tricky part is to decide when it is too high. I don't have an answer for this. For me it means whatever I'm comfortable with. Because you're building residual income and you're not aiming for a single sale. This is hard to gauge. Conversion rates are useless, although my conversion rate so far is over 20%. That is pretty good from what I read about this topic. What this number means in subsequent income has to be determined.

I also tapped into the extensive library of SFI's partner IAHBE. At first I just joined this organization because it guarantees my position in the SFI network. But after researching their services and utilizing their benefits like free mail leads, I have to say that this is a great institution. It's worth every penny of your monthly fees.

Speaking about value-added services and benefits. The one thing I'm truly impressed with is the quality and consistency of the marketing material offered by SFI. The wealth of online and offline marketing material can be overwhelming, but if you use it appropriate it is a very effective tool. Of course SFI also offers quality products and services, which makes it easy to sell.

By using Stone Evans' PIPS (Plugin Profit Site) system I could maximize these efforts. I'm selling all sorts of products and I already received several commission checks through my affiliate program with Clickbank. This is a huge affiliate provider for electronic books and software. My job is to attract customers to the products and then the manufacturer or author of the product does all the selling and credit card processing. As soon as the credit card is processed I receive a commission, which varies between products.

After about 3 months of running this business I would say that I'm still a little bit negative with my finances, but this is due to my extensive Google AdWords campaigns. By not counting this, I'm actually making some money. Nothing to brag about, but maybe in another 3 months my tune might change.

Please send me an email if you like to hear an update more often.

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:pdobler@getresponse.com to learn more about viral marketing.


MORE RESOURCES:
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

Alopa.com ©