Senin, 03 Maret 2008

Create Multiple Streams Of Income To Flood Your Wallet

by Kelly Walker

One of the most used catch phrases for online income is income stream. The term refers to any income that is derived by any individual or company via the internet. In a traditional job the employee usually works away doing the same thing week in week out for the same pay. A person working online may have as many as 100 different income streams flowing into their bank account. Singularly, the majority of these streams may not be enough to pay the bills, but when combined they can add up to a very comfortable living.

Affiliate marketing is the technique that is used to generate income for many online companies and often a single affiliate will have ads for up to a dozen companies on their website. Each time one of these companies makes a sale to a customer referred by the site, the site owner receives a sales commission. If the site owner has a dozen companies on the website then he can generate twelve streams of income. Once the site becomes popular it also becomes attractive to advertisers and an extra income stream can be added in the form of advertising revenue.

One drawback with affiliate marketing is that the income is rarely consistent. There are many varied products and services available for affiliate marketers to promote and if the chosen products do not match the wants of the website visitor no sale will be made. It is therefore imperative that website owners choose to promote products that not only are popular but also pay the best commissions.

Customer response can also be affected by the types of ads that are used. Advertisements need to be tailored to suit the demographics of the target customer in order to produce an effective income stream. Some customers may respond well to bright, colorful flashy advertisements whilst others may prefer simple text based ads.

When first starting out, the new business owner can often find that budgeting several streams of income can be a nightmare. After spending year�s safe in the knowledge of when there next pay will arrive and how much it will be, some people have trouble organizing several different streams of income that all arrive at different times of the week or month.

Even when their online income level is the same or even higher than what they were receiving in their previous job, the pay does not come in a lump sum on Friday. It will often be split into numerous payments of unequal amounts that arrive on different days of the week. It is therefore important that the correct planning is conducted in order to ensure that each flow from the income stream will not run dry before the next one flows by.

It is of paramount importance that you do not limit yourself to only one or two income streams to meet the financial needs of your business

From time to time various streams will dry up, there are numerous reasons for this that can range from problems with the product, the target demographic or the advertising. The important thing to remember is that if you only have a couple of streams feeding your business and one starts to dry up, the flow may start to reverse and begin to draw money out of your wallet instead of putting money in it.

Having as many streams of income as you can accurately manage will help to ensure that if a couple get dammed up along the way they will not be enough to stop the flood.

About the Author

Kelly Walker is a successful internet marketer and the owner of http://reklaws.com. Kelly writes on a variety of topics on internet marketing. To learn more about this topic Kelly recommends you subscribe to her free newsletter at: http://www.reklaws.com.

Tidak ada komentar: