3 Ways to Create Multiple Streams of Income Online

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Do you often find yourself running out of money and the current month is not even half over? Then you are faced with a dilemma–either cut back on expenses or earn more income.  Cutting back on expenses may help, but chances are that you will be unhappy because you will not be able to live the way you want–a very discouraging and depressing prospect. The more viable option is to earn more income. Ways of earning more income need not be limited to getting a second (or third) job. There are several ways to earn income online which can be used to either supplement your job income or even replace your job income entirely. The choice is up to you. I will discuss 3 excellent ways to earn income online that may interest you.

Option 1: Create a blog about your passion and monetize it

 

What do you enjoy doing in your spare time? What subject do you enjoy talking to others about or others look to you for expert advice? Consider writing a blog about your hobby or passion topic. The purpose of the blog is to provide         information about your passion topic and also to encourage ongoing feedback and discussion from your blog’s visitors.  For instance, if you love knitting sweaters, you could start a blog about knitting and write posts about such things as why you love to knit sweaters, how to select the correct yarn and knitting needles, how to do different stitches, etc.

Once your blog has several posts, it’s time to consider monetizing it. When I say monetize, I mean putting links to other websites where if a visitor clicks on it and buys something, you earn a commission for the sale. For example, if you place an Amazon.com affiliate link on your blog for knitting needles and someone clicks on that link and buys the knitting needles, Amazon will pay you a commission for that sale. The more links you have like this, the greater potential you have for making sales.

If you do not have the faintest idea on how to start a blog, don’t worry. There are software platforms such as Blogger and WordPress that offer users free blog templates for setting up a blog. However, if you want to save time by getting all the tools you need to get started in setting up a blog and learning how to monetize it as well, take a look at my #1 recommendation–Wealthy Affiliate.  This is where I learned how to start my blog, Its Healthy To Be Wealthy.  What I like best about Wealthy Affiliate is that:

  1. they give all members 2 free websites with hosting included
  2. a free beginners course on how to get started-lessons are provided by one of the site’s 2 owners
  3. ongoing support from other members–you ask a question, your question will be answered; you will not be left hanging to figure things out by yourself
  4. no pressure whatsoever to upgrade to the optional paid Premium membership–you can remain a free member for life if you so choose

 

Option 2:  Become an affiliate marketer for an existing online business

If blogging is not your style, another option on how to make money online is by becoming an affiliate for an online business that is already in place. An affiliate marketer is someone who promotes another person’s or company’s product or service to people in order to receive a commission (money) for each sale made. There are literally dozens of affiliate marketing business opportunities out on the internet. However, I strongly advise you to do your due diligence and research on those business opportunities that interest you before you spend any money to get started. Unfortunately there are a lot of affiliate marketing “opportunities” on the internet that are nothing more than scams set up to take your money. For more information on how to avoid pitfalls and traps regarding finding reliable and trustworthy affiliate marketing opportunities, please click here.

If you are really pressed for time and would like some suggestions on which affiliate marketing opportunities to consider joining, here are the ones that I can vouch for as legitimate, as many people as well as myself have received income from them: (listed in no particular order)

  1. Wealthy Affiliate
  2. The Team Building Project
  3. Inbox Dollars

 

 

Option 3:  Sell a product or service through a web store

If you have a product or service that you want to let others know about, you could advertise that product or service through a web store, such as Ebay.  This site offers people the opportunity to sell various items. Many people, myself included, have sold unwanted but still usable household items online with Ebay.  The old saying, “What is one man’s junk is another man’s treasure” definitely applies here.  Almost anything can be sold on Ebay, provided that the item or service being sold complies with Ebay’s ethical and moral standards.

 

It is my sincere hope that I have started to get you thinking about how you can get started making extra money online. The three options mentioned are by no means the only ways possible; they are just some of the most popular ways. If you know other ways of creating multiple income streams or have any questions, please feel free to leave a comment below. I am always willing to help. Have a great day,

Deidre

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4 thoughts on “3 Ways to Create Multiple Streams of Income Online

  1. I’ve recently started a website doing something I’m pretty good at and looking to monetize it, so this info here is pretty timely.

    Will look into this Wealthy Affiliate a bit more thoroughly as I’ve been hearing some really good things about it.

  2. Wow thank you so much for sharing this information. You organized it so well and broke it down so simple for anyone to understand how to successfully make money onlin. Thank you so much

    • Deidre says:

      Thanks Brian. I do my very best to write posts so that they are enjoyable to read and at the
      same time, get my point across.

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