The key to long term success online is to fully utilize multiple revenue streams. This is due to the fact that earning income on the internet is not consistant. Some days I make $100+, while on others I may only make $10 total. My goal is always to make at least $50 per day, and usually around $100, but there is no guarantee of earnings and you must be prepared for that.
When working at a regular 9-5 job offline you know exactly how much you will make. If your pay is $10 an hour, and you work an 8 hour day, then you have earned $80, minus any expenses related to that, such as dues, gas/travelling, etc. Working from home online for 8 hours, however, is different as you are not being paid hourly by someone else, so you can't expect that same consistency, but you CAN still average the same amount daily over time. You just have to be patient and persistant and combine all your mulitple revenue streams together.
The other benefit to having more than one earning stream is that you are helping to stabilize factors and variables that are usually beyond your control. A good example of this is when a site gets banished to the Google sandbox, which happens quite often now. I've seen forum threads by panicked webmasters who had their traffic cut off overnight after their site gets dropped from the search results and their income from that website is suddenly GONE! They are now in financial trouble because they relied too heavily on one income source.
Then there are things like the "summer slowdown" period which makes work at home income almost a seasonal job. Plus affiliate products that are hot one month and not the next. You need to weigh all these variables into your overall strategy for success.
Even if you only have 10 revenue streams and each one averages only $5 a day, then that's $50 a day. Again, I must stress on AVERAGE, since some earners will make $0 some days and over $100 on others. I've reached over $700 in a day and mere pennies on others.
Here is a breakdown of my earnings from last month, so you can see the real results of how it works...
- $821.23 (combined affiliate sales from several networks)
- $143.46 (selling adspace, includes all PPC programs - slow month!)
- $187.99 (websites/script sales)
- $90.39 (referral sales)
- $104 (ptc earnings)
- $200 (working from home as a mystery shopper)
- $55 (odd small jobs that don't fit other categories)
- $1602.58 total (average was $51.69 daily earning)
This does NOT include my highest day of over $700 because that is not a typical day and, therefore, it would throw off the overall average. Plus, as the weather gets warmer, less people are online, so a few numbers, such as ad selling were lower than normal. These numbers include ALL my multiple online revenue streams and it is how I earn a living working from home.
Even though I just barely made my $50/day minimum goal last month, it is still a fairly decent wage, considering it happens EVERY day, including on weekends when most people aren't making any money. I also take days off when I go out of town frequently or just goof off at the beach...lol
There is no reason why you can't acheive this same goal. Just try several things, then drop what doesn't work and strengthen what does. Then try a few more things and repeat your success until you have several streams of earning programs that DO work and, if some things stop working later on, there is no need to panic because you now have multiple revenue streams at your command all working for YOU. To your success!!
Saturday, June 20, 2009
Thursday, June 11, 2009
My Online Money Making Secret
I've decided to reveal my online money making secret out of sheer frustration at seeing so many people fail to make money online. Are you ready for it? It's a combination of these 3 elements: Honesty, hard work and enjoying what you do. Yeah, I know, it sounds kinda boring and isn't really very "sexy", is it?
I have no cool sounding "system" like the "reverse funnel", "spiderweb", "arbitrage conspiracy", "GDI", "People Search" or any of the other multitude of affiliate schemes that are meant to sound impressive, but are really just full of hype and shattered dreams. All those scams are well thought out by the "guru" who invented each one to get others to pay their $67 (or whatever the cost) to make THEM money, irregardless of whether you make anything at all.
And don't say "but it's FREE to join!", so it won't cost me anything, because that's BS. There's ALWAYS a cost. It just may not be obvious at first, but money MUST be spent somewhere for money to be earned somewhere else. That's simple economics. Remember that.
Any program you join that is based on getting you to sign up others to earn anything is going to leave you disappointed. That's because people are poor, the economy is bad and no one can afford to invest in anything. That's why so many people join these so-called "free" programs, but then no one is buying into it, so you aren't making what the original guru claimed you should be making.
Sure, THEY are making money, but you aren't. The gurus get rich because they suckered you, and then you have to sucker others to earn anything in return. Think about it. I mean, REALLY think about it. If you are currently promoting any sort of affiliate scheme, how much have you made? Was it as much as you expected? Do you actually ENJOY promoting this to others? Seriously?
So, what is it that I do differently? Well, first, and most importantly, my income does not depend on trying to push some system onto others to get them to join in order for me to make money. Yes, I have joined MANY affiliate programs, but mostly to test their claims, and I'm never pushy about them. I'm honest about it and I present the facts, which are that 95% of them are crap and only a couple really work, and only then if you put some effort into it. That's the cold, hard truth.
Keep in mind that I work from home and this is what I do. I make my entire living at home, with no boss or daily grind. No traffic jams either! I do what I enjoy. I like to write and blog. I like playing video games, so I run an arcade network of sites. I love to watch movies, so I have movie and TV sites. I have a series of fun, entertainment sites including joke sites, funny videos and pictures, music, webmaster advice and more. This is what I enjoy doing and I make money from it.
I earn from this network of sites specifically by NOT being pushy, or desperate to make a sale of some crappy product that no one wants or can afford. Surfers play games on my sites or have fun interacting by submitting their own fun stuff and, if they click an ad, that's ok, but if they don't, then that's ok too. I also have CPA surveys on some of my sites. These are the fun entertainment type and, if a visitor wants to fill one out, great! If not, I'm ok with that too. NONE of those things costs my visitors anything!
The point here is that I have multiple streams of income and I don't depend on any one thing to pay my bills. They all combine to create a sustainable, living wage working from home. So many people fail online because most of them are just doing it wrong. Trying to promote some affiliate gateway page to some program that 1000's of others are also promoting and you don't even really like using yourself is NOT going to make you rich!!! It amazes me that 97% of newbie marketers miss that very basic logical reasoning.
If you are not making at LEAST an extra $100 per month with anything you try after 3-4 months, then it's time to drop that and move on to something else. Try something FUN, that you enjoy doing, and STOP wasting your valuable time trying to make some guru rich!!! I mean it!!
I have no cool sounding "system" like the "reverse funnel", "spiderweb", "arbitrage conspiracy", "GDI", "People Search" or any of the other multitude of affiliate schemes that are meant to sound impressive, but are really just full of hype and shattered dreams. All those scams are well thought out by the "guru" who invented each one to get others to pay their $67 (or whatever the cost) to make THEM money, irregardless of whether you make anything at all.
And don't say "but it's FREE to join!", so it won't cost me anything, because that's BS. There's ALWAYS a cost. It just may not be obvious at first, but money MUST be spent somewhere for money to be earned somewhere else. That's simple economics. Remember that.
Any program you join that is based on getting you to sign up others to earn anything is going to leave you disappointed. That's because people are poor, the economy is bad and no one can afford to invest in anything. That's why so many people join these so-called "free" programs, but then no one is buying into it, so you aren't making what the original guru claimed you should be making.
Sure, THEY are making money, but you aren't. The gurus get rich because they suckered you, and then you have to sucker others to earn anything in return. Think about it. I mean, REALLY think about it. If you are currently promoting any sort of affiliate scheme, how much have you made? Was it as much as you expected? Do you actually ENJOY promoting this to others? Seriously?
So, what is it that I do differently? Well, first, and most importantly, my income does not depend on trying to push some system onto others to get them to join in order for me to make money. Yes, I have joined MANY affiliate programs, but mostly to test their claims, and I'm never pushy about them. I'm honest about it and I present the facts, which are that 95% of them are crap and only a couple really work, and only then if you put some effort into it. That's the cold, hard truth.
Keep in mind that I work from home and this is what I do. I make my entire living at home, with no boss or daily grind. No traffic jams either! I do what I enjoy. I like to write and blog. I like playing video games, so I run an arcade network of sites. I love to watch movies, so I have movie and TV sites. I have a series of fun, entertainment sites including joke sites, funny videos and pictures, music, webmaster advice and more. This is what I enjoy doing and I make money from it.
I earn from this network of sites specifically by NOT being pushy, or desperate to make a sale of some crappy product that no one wants or can afford. Surfers play games on my sites or have fun interacting by submitting their own fun stuff and, if they click an ad, that's ok, but if they don't, then that's ok too. I also have CPA surveys on some of my sites. These are the fun entertainment type and, if a visitor wants to fill one out, great! If not, I'm ok with that too. NONE of those things costs my visitors anything!
The point here is that I have multiple streams of income and I don't depend on any one thing to pay my bills. They all combine to create a sustainable, living wage working from home. So many people fail online because most of them are just doing it wrong. Trying to promote some affiliate gateway page to some program that 1000's of others are also promoting and you don't even really like using yourself is NOT going to make you rich!!! It amazes me that 97% of newbie marketers miss that very basic logical reasoning.
If you are not making at LEAST an extra $100 per month with anything you try after 3-4 months, then it's time to drop that and move on to something else. Try something FUN, that you enjoy doing, and STOP wasting your valuable time trying to make some guru rich!!! I mean it!!
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