In the past, creating multiple streams of income required a lot of footwork and there were few passive stream opportunities available. However, thanks to the Internet, it has never been easier to create multiple streams of income online and many are passive! Let’s go into a few ideas that you can use to start your own income streams right now.

1. Blogging –

This is far from passive, but if you’ve got something to say, you can make money at it. It has never been easier to create a solid stream of income that can bring in a few hundred dollars a month or even more. Programs like Google AdSense can easily bring in that much and you never have to lift a finger (other than writing and networking like a madman). While there will be some expense involved, especially for marketing your new blog, it is minimal and much less than you would pay for other opportunities.

And why stop at one blog? If you’ve got a lot of interests, you’re just full of untapped potential. Start a blog for each one and take the time to build up your audience. You can easily turn than few hundred dollars into a few thousand dollars a month. For some people, that may be more than they make at their full time jobs.

Your opportunities don’t stop with advertising. You can join affiliate programs, set up your own products or keep branching out. The sky really is the limit when it comes to this type of income stream; however, passive it is not.

2. Peer to Peer Lending –

This is an interesting and potentially great way to make money online. Depending on your particular lending strategy it can even be fairly passive. There are numerous peer to peer lending sites that are seeking lenders and investors. You don’t need to be a bank – all you need is some cash and the stomach to take a little risk. Be sure to follow my tips at Making extra money with peer-to-peer lending.

3. Informational Products -

If you’ve got an idea or expertise in an area that is popular, write an ebook and start selling it online. You’ll never really have to do much work after it’s written and marketing costs are usually quite low. Your book will just keep bringing in money month after month. What is more – you’ll be building up an audience for future books to make even more money.

If you don’t want to write your own, there are numerous pre-written ebooks on every subject under the sun. You can purchase the resale rights and start making money right away. This is perfect if you want a nice little stream of passive supplemental income. Just remember to keep offering new books so that your market doesn’t stagnate.

4. Bonus Tip -

Combine tips 1 and 3… By adding an eBook to your blog you can potentially super charge your readership growth. Here are 2 examples of blogs trying to do just that… SF Boater with the free eBook Fishing in California, and Handyman Fix Home Repair with the free eBook The DIY Handbook.

These are just four ideas that can start bringing in income right now. There are countless others that are just as easy to implement. If you want to start making more money, the web is the first place to start.

Photo Credits: 1

Originally posted 2008-07-10 05:14:08. Republished by Old Post Promoter

Related Posts

• How to Keep Finances Growing No matter how much money you make, for many people, it's never quite enough. In order to get ahead, you'll need to find a way to keep your finances growing. There are many different ways that you can grow your income, both actively and passively, and over time, these small......
• 5 Things to Look For When Picking a High Interest Bank If you're interested in leveraging your credit in a safer environment, credit card arbitrage is one of the best ways. In order to succeed, you need to make more interest than your low interest balance transfer offer and for that you need to invest your money in a high interest......
• You’re Broke Because You Want to Be by Larry Winget Larry Winget is a best selling author that is known for his no nonsense style and sometimes brutal prose. His latest book is quite a read and true to form, the man talks tough. However, if you need a wake up call to stop overspending, this is definitely a great......
• How Far Into Debt Should You Go? While most of us get the general principle that we need to go into debt if we want to build up our credit, it’s tough to know exactly how far you should go. When you’re first starting out, it’s all too easy to get buried in bad debts that run......
• How to Avoid the Three Worst Financial Traps No matter how wealthy or poor you are, there are financial traps that are waiting to disrupt your lives. Many people end up finding out too late that they are in the depths of one and it is nearly impossible to get out. However, there are specific steps that you......

Related Websites

• Five Ways to Stay on Track with Your Spending List Controlling your spending while shopping can be really hard sometimes. You start off with the best of intentions; you have a carefully planned shopping list. Then, as you’re making your way through the checkout lane, you look down and realize that you have way more stuff in your shopping cart......
• Meet The M-Network Friends: An Interview With Mike From Quest For Four Pillars. Now that I have wrapped up all the interviews with all 8 M-Network members other than myself, I decided to expand the series a little and include all the friends of the M-Network who participate in our group projects and forums. Up this week is Mike from Quest For......
• Say No To A Second Stimulus Check Before I start, I should say that the first economic stimulus check did come in handy. There were a couple of big bills that were piling up, and the stimulus check stopped me from digging into my margin account. However, I am not too thrill about the possibility of getting......
• linklings, p2p edition Here's another weekend roundup. First, I have a brief announcement: starting sometime in January (I will link to it once I start) I am going to be writing a regular series of posts for the Prosper blog. It's already up and running with a bunch of bloggers you are......
• How To Create Passive Online Income Passive income is the topic du jour in the personal finance blogosphere lately.  Quite a few bloggers have written in detail on the virtues of creating alternative streams of passive income, and several others have called into question just how passive many of these alternative streams really are.  If you......

Online Stores

• Time Travel Romance Audio Books
• Multiple Lamp Sets Lamps Home Lighting
• Time Travel Romance Books
• Multiple Animals Animals Postcards Collectibles

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Income Streams, Money, P2P Lending, Personal Finance, passive income

Tags:

adsense, affiliate programs, blogging, creating multiple streams, default rates, ebook, footwork, google, income stream, Income Streams, informational products, lenders, multiple streams of income, peer to peer lending, start a blog, stomach, stream 2, streams of income, time jobs, wr