Tag Archives: Online Residual Income

Diversify Online Income

If there is one thing that the real online income makers know, it is how to diversify their income streams. At the most basic level it should be obvious that if you only have a single main income stream online you are putting yourself at risk of having that stream dry up like a desert in an instance.

The other fact about online income diversification is that most people who are preaching and teaching how to make money online have other income streams that are not visible to their user base. This is not a derogatory statement, just a fact. Remember the old saying “I taught him everything he knows, I just did not teach him everything I know”, and why should they?

Don’t expect all income streams to be equal, each system just needs to be available and working. Remember,  not all systems work for all people. This is just simple logic, we are not all the same and do not have the same skill sets and personalities. 

My recommendation to anyone trying to make money online is to get something started and then begin looking for other avenues. And as you test other options do not pile all income streams on the same site!

The first 4 obvious choices most people see are:

  • Google Adsense
  • Amazon
  • eBay
  • Yahoo Publisher Network
And beyond those 4 there are probably only another couple thousand ways to make money online!

Online Residual Income

More and more I am hearing this in discussions offline, “how can I earn online income?”.

One of the mistakes I think a lot of people are making is that they are looking for ways to make money online and getting frustrated because they do not have the knowledge it takes to pull it off. But, if they would just turn the equation around, the answer would come to them a lot easier.

Don’t try to find a way to make money online, look at what you have a passion for, and turn that into an income stream. 

Same thing applies to the term “Niche” ! That term has become a key element in making profitable blogs and websites, but it can also be a stumbling block. The Niche you need is not of a product or item, it is your personal Niche ! 

Blogging can be learned, but your personal niche and passion are what drives you and makes you unique, and in the online world, being unique and driven can be the difference in success and failure.

Ask yourself what you are good at, and what you love, that is what you should be researching.

If you are going to be spending your extra time online at least make it in an area that you really enjoy!