Tag Archives: 1 year challenge

Multiple Sources of Income

You Get One Shot

Unlike many other earn money online blogs in the world, I want to offer you something different. I want you to have purpose to your online business. There is absolutely no point coming into the Internet Marketing realm to attempt to earn money if you haven’t backed that by a serious purpose….Seriously! This isn’t some guru motivational speech, it’s true. Why do you think so many people fail at things in life? It’s very, very little to do with what they are doing and everything to do with how they are doing it.

One Life – No Regrets

Personally, I love what I do. I earn money online and I help businesses increase profits too. But this serves a bigger purpose for me. My passion in life is helping people make a breakthrough plus I love Ballroom and Latin dancing…Ever heard of DanceSport? It’s a crazy sport lol, I should say – it’s a particular sport. Basically, I dance around a floor with a beautiful girl (my wonderful girlfriend) all over the world in competitions. But helping people earning money online – helps me earn money online – and I can live how I want to with multiple sources of income. The best part of this all, the first part, helping you earn money online allows YOU to do the exact same thing I am doing – whatever the heck you want! It’s a win-win. But we’ve both got to do the work.

Multiple Sources of Income

IM is just one vehicle I use for income. I also invest in real estate, gold and silver and recently purchased a dance studio in Australia. But with every site you set up, every list you build you can consider 1 stream of income and this all accumulates to building a big business over time.
How many Multiple Sources of Income do you seriously want? The biggest risk is trying to set up too many at once.  But there is no limit to how many you can have. Just be smart set one up at a time.

1 Year Challenge

If you’re up for it try this for the next 12 months. I want you to set up 3 Multiple Sources of Income using the Internet as your main vehicle for these. Get 3 full set up. Here is the process:
1) Brainstorm one idea for about 2 hours per week. Example: Affiliate Market Products for Your Passion or Interest

2) Take a note pad and pen then write out in a list form all of the possible things you need to do to establish it. (This list will grow each week)

3) Dedicate 2-5 hours per week to setting it up or actioning your list. Example: Buy your site.com, Install your blog, Write your posts, Setup e-mails etc

4) After you have established your site or free blog post (wordpress.com) etc…Once it has traffic flowing to it and building a following then set up number 2

*OPTION: At step 4, Outsource someone to write articles or fill your blog with high quality content so you can build number 2 and 3.

By the end of the year you should have 3 fully functioning, e-mail list building, revenue generating websites.
After 10 years you would have 30.
Now if each of these only earned $10,000 per year, you would have 30 residual income sites earning you a total of $300,000 per year – how awesome is that!
PS – You could have 1 site turning you over $300,000 per month! THINK OF THIS: If one or two dropped off you would still be earning $280,000. Not a bad investment?

Treat Affiliate & Internet Marketing As A Business

This is why it’s so important you treat affiliate marketing or internet marketing as a business. Because the right things done over a period of time has to change your results. Don’t buy into the automated, everything done for you crap. That is NOT  a sustainable business model if you actually want to live a great life. If you want it to be automated outsource your work. Spend your money on investing in yourself and your business. This is the secret of the rich, they have many streams of income.

More Ideas

Here are ideas to help get you going in your brainstorming session on how you can use the internet to make money:

  • Affiliate Marketing
  • Create An Information Product and Sell it (with other affiliates too)
  • E-mail List Marketing
  • E-bay & Amazon Selling
  • E-books
  • Convert Physical Media into Digital and Sell it
  • Membership Sites
  • Plus many many more.

It all comes down to. Decision, Action and Persistence. If you’re willing to do what it takes and pay the price in advance you deserve to win.

Please let me know what you have found what works below…