Tips For Creating Multiple Streams Of Income

By , Certified Online Business Manager/Social Media Manager

Solo-E Certified Solo Entrepreneur Expert

Sophie Zollmann - Certified Online Business Manager/Social Media Manager

Creating a continual stream of income is a good way to always have money coming in, no matter if it’s a typically slow time of year or not. It gives you the ability to rest easy knowing you always have money coming in. There are several ways to have these streams, but it’s important to know which ones will work in your favor, and which ones will take more of your time and could prevent you from doing them correctly.

There are a number of ways to always have continual streams of income, and these are a few for you to consider.

The first stream is the main part of your business, whether you make your products and sell them, you have parties to sell product that a company makes and you distribute, or you offer services that require you to do work for someone else. This option requires you to do work, so it’s the primary stream of income and will be the one you must focus on first and foremost.

The next stream to consider is affiliate marketing. While this stream is not a guarantee, it is a good way to make money, because you don’t have to do very much of the work to receive the money. All you have to do is market the item and wait for people to make the purchase. It’s important to market items that are in line with your market so you have the right people looking at what you’re marketing.

Another stream of income to consider is ebooks. This option requires you to do the work one time and then you have the ability to sell it over and over without any more work on it. You’ll need to take the time to write it and place it on your site. You’ll need a shopping cart to send it out to your customers as well. You might also consider offering an affiliate program to increase your income.

It’s important to know your limits on the number of streams you have, because too many could do more harm than good. If you get too many streams going, you won’t be able to dedicate the time you need to make them work. When this happens, you won’t see the money you want and that defeats the purpose, so it’s best to know what you can do and work what you can. If you find you don’t have the ability to do any more, an option is to hire a Virtual Assistant to help you with your streams. She can do all of the marketing for you, which will give you time to focus on your main portion of your business.

Sophie Zollmann of SophieZo Virtually There For You is a Certified Social Media and Online Business Manager committed to working with online entrepreneurs to get them back to working ON their business not IN it. They are able to focus on growing their business, taking great care of their clients, and having more time to enjoy life outside of their business. Find out more at http://sophiezo.com

© Copyright 2014 Sophie Zollmann
Search
Generic filters
Match phrase exactly
Search in title
Search in content
Filter by Custom Post Type
Posts
Articles
Self-Studies
Free Templates