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 Blog Post Promoter

Related Posts

• WSJ Complete Personal Finance Guidebook By Jeff Opdyke When it comes to a trusted source for financial news and information, it’s hard to beat the Wall Street Journal. They have introduced a line of guidebooks on many financial topics, but for this review we’ll be taking a look at their Personal Finance guidebook. While it may be a......
• Do You Need an Accountant? The average person usually tries to struggle with their finances year after year and only visits an accountant a few days before their taxes are due. By this point, it’s up to the accountant to try to piece everything together and they won’t be able to offer much help when......
• How to Stay Focused With Multiple Streams of Income One of the main problems facing those that have multiple streams of income is managing them. You can start to feel a bit like a juggler and chances are, you may be neglecting areas that could be performing better and making more money. Focusing can be tough, but there are......
• Finding The Right Financial Balance If you are ready to get serious about managing your finances, it is vital to find that perfect financial balance that will help you reach your goals in less time. In many cases, simply finding that balance can make all the difference in how you view money and how well......
• A New Way to Consider Personal Finance Through the past few years, many of us have been conditioned to believe that being in debt is a bad thing. While it certainly may be true that debt is dangerous in the wrong hands, there are actually many ways that debt can be very effective and can actually help......

Related Websites

• Gold Nuggets Coins and Paper Money -> Bullion -> Gold-> Nugget When it comes to finding a money collectible that immediately has a sense of value, it’s hard to come close to a gold nugget. For centuries, gold fever has been inspired by the talk of immense gold nuggets and to this......
• Coin Collecting and Your Kids Hobbies can be one of the best things to get your kids into, as there are plenty of different values that can be taken from hobbies like coin collecting and stamp collecting. Coin collecting can be an important tool for giving your children extra education beyond the classroom, but can......
• What You Should Know about the Paper Money There are different ways that you will be able to enjoy the money that you collect. You can be a beginner or you can be a seasoned collector and you will still be able to enjoy it just as much. For many, the joy of collecting currency is simply the......
• The Hunt for Old Money Collectors are constantly looking for a new direction for their hobby and their collection. There are many who get into coin collecting by collecting some newer coins — many even stay within a few decades of coin collecting years, as the pieces are simply easier to find. At some point,......
• 4 Things to Know about Collecting Old Paper Money If you are looking to start an interesting currency collection, you should look into collecting old paper money. Unlike normal coin collecting, collecting paper money is a little more time intensive, labor intensive, and rare. You must work harder for the collecting and to keep the collection both safe and......

Online Stores

• Modern (1970-Now) Clothing Patterns Patterns Doll Making & Repair Dolls Dolls & Bears
• 2007 Presidential (2007-Now) Dollars Coins: US Coins & Paper Money
• 1894-98 Morgan (1878-1921) Dollars Coins: US Coins & Paper Money
• Personal, Field Gear Surplus Militaria Collectibles
• Espresso & Cappuccino Machines Coffee & Espresso Making Small Kitchen Appliances Kitchen, Dining & Bar Home Store

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


Categories:

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

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