How to Create Multiple Streams of Income, Part 2

A while back I wrote a little article called "My Vision of Multiple Streams of Income". After receiving several emails asking for a sequel and sharing more real life experience I decided to give an update on my journey with SFI and Stone Evans' PIPS system.

As I mentioned in my last article I went off a good start with this system and I honestly can attest it really works. The only negative thing is, if you want to call it this way, that I put a lot of effort into this project. The system is designed to run on autopilot, that's great. But until you've reached a certain level of visibility, you need run your promotions around the clock. I'm almost there.

As an example: I run several Google AdWords campaigns to promote my website and SFI. The reason for this is simple. This is a highly competitive market and achieving high rankings with the major search engines takes a long time and due to the rough competition you won't be able to reach the top without a few backdoor tricks.

So I took the route of actually spending some advertising money and in return I have a wide spread exposure. Remember the baseball movie with Kevin Kostner "Field of Dreams" with the famous remark "If you build it they will come"? Unfortunately this is no longer true for the internet.

Back to the topic of controlling the advertising cost with Google AdWords. I closely track my expenses and I keep a lit on it if it gets too high.

The tricky part is to decide when it is too high. I don't have an answer for this. For me it means whatever I'm comfortable with. Because you're building residual income and you're not aiming for a single sale. This is hard to gauge. Conversion rates are useless, although my conversion rate so far is over 20%. That is pretty good from what I read about this topic. What this number means in subsequent income has to be determined.

I also tapped into the extensive library of SFI's partner IAHBE. At first I just joined this organization because it guarantees my position in the SFI network. But after researching their services and utilizing their benefits like free mail leads, I have to say that this is a great institution. It's worth every penny of your monthly fees.

Speaking about value-added services and benefits. The one thing I'm truly impressed with is the quality and consistency of the marketing material offered by SFI. The wealth of online and offline marketing material can be overwhelming, but if you use it appropriate it is a very effective tool. Of course SFI also offers quality products and services, which makes it easy to sell.

By using Stone Evans' PIPS (Plugin Profit Site) system I could maximize these efforts. I'm selling all sorts of products and I already received several commission checks through my affiliate program with Clickbank. This is a huge affiliate provider for electronic books and software. My job is to attract customers to the products and then the manufacturer or author of the product does all the selling and credit card processing. As soon as the credit card is processed I receive a commission, which varies between products.

After about 3 months of running this business I would say that I'm still a little bit negative with my finances, but this is due to my extensive Google AdWords campaigns. By not counting this, I'm actually making some money. Nothing to brag about, but maybe in another 3 months my tune might change.

Please send me an email if you like to hear an update more often.

Peter Dobler is a 20+ year veteran in the IT business. He is an active Real Estate Investor and a successful Internet business owner.
Get your own personal 24/7 money maker at http://www.mypluginhomebiz.com (Free setup in 24 hrs) or send a blank email to mailto:[email protected] to learn more about viral marketing.

http://store.xiiiv.com/rss
In The News:

Levelling the playing field  iGaming Business
A Twins/Saints team-up could benefit both teams' business  Minneapolis / St. Paul Business Journal

How Affiliates Can Have Their Own Radio Show...

Before we start, I want to ask you one simple... Read More

The Logic Behind Niche Content Profits

In researching most successful online businesses, you start to notice... Read More

Why 95% of Affiliate Websites Lose Money - And To Avoid The Pitfalls

Affiliate marketing is an agreement between two websites in which... Read More

Is Earning Money With Affiliate Marketing A Myth?

Day 1 - What Are Affiliate Programs?Welcome to the wide... Read More

Affiliate Program Marketing: 10 Significant Sharp Ways To Increase Your Affiliate Commissions

Millions of people sign up for affiliate programs, but have... Read More

Unique Joint Venture Twist: Make Huge Profits Even If You Have No Money, No Products, and No List

Would you like to jumpstart your online or offline business... Read More

Affiliates Go To School!

It has been said that only 2% of affiliate marketers... Read More

Economic Recession or Not, You Must be Creative to Survive

Are we Really in an Economic Recession?Some US statistics seem... Read More

The Affiliate Interview - Do You Have What It Takes?

So you have decided to start up your own home... Read More

Are You Being Ripped Off By Clickbank Merchants?

I see affiliates from two perspectives.Firstly as an affiliate, I... Read More

Making Money with Affiliate Programs ? Part III

Whether you are a newbie to Internet or a proud... Read More

3 Ways to Squeeze Even More Revenue Out of Your Traffic Equaliser Pages

Ever wondered if, apart from Google Adsense, there were other... Read More

Set Up Winning Web Page To Be Powerful Selling Tool - 5 Ways to Help Affiliate Problems

The Internet is powerful selling tool. Never before has been... Read More

Overachieving Your Way to Super Affiliate Stardom

Internet business is a bit confusing especially if you're not... Read More

Three Critical Affiliate Marketing Tips For Higher Commissions!

Affiliate marketing is quickly becoming a very specialized form of... Read More

Affiliate Marketing - Make Big Bucks Through Your Internet Home Business

Affiliate marketing has become a booming industry thanks to the... Read More

Affiliate! Discover Why You Are Losing $600 Each and Every Month!

Link bypassing is the number one trap affiliates fall into... Read More

Three Easy Ways to Become a Super Affiliate and Earn Cash Quickly

If you want extra cash every month, you have to... Read More

5 Tips If You Want To Be A Reseller

If you are planning to be a reseller for a... Read More

Affiliate Marketing ? My Best Decision

When I decided to quit my job and start an... Read More

How To Create A Lifetime Income With Affiliate Programs By Changing Your Focus!

"How To Create A Lifetime Income With Affiliate Programs... Read More

Become An Affiliate Champion: 10 Tips

Affiliates programs are one of the easiest ways to make... Read More

Affiliate Marketing - Ten Excellent Reasons Why You Should Do It

There are many opportunities to make money working on the... Read More

Backend Profit Secrets and Viral Marketing

Once you truly understand the power of backend profits, you'll... Read More

Never Get Burnt by a Cycler Program Again!

A cycler or doubler that offers nothing of real value... Read More

http://store.xiiiv.com/rss