Generate Income Online Through Four Streams

By Rodney Ian

There are many different ways to generate income online, and they vary widely in difficulty and in the amount of time and effort needed. The mistake that many people make is focusing on one type of income at the expense of everything else. But if you want a sustainable business strategy that will continue to create profits for years to come, even when one of your income streams takes a downturn, you should look into investing in several different ways of making money. While you can invest in as many streams as you want, I find that four is a nice, balanced number that works best for many people.

1. Affiliate Marketing: With affiliate marketing, you create a high-quality, useful website that draws web users via search engines and other methods. Then, you direct this traffic toward other web-based services, who pay you for each person you send their way. This is a tried and true web practice that is generally quite reliable. However, if you want to generate income online this way, you have to make sure that your website is professional and genuinely useful. That's the hard part.

2. Freelance: What are you good at? If you can create websites, write articles, do graphic design, or if you're good at photography, database management, legal assistance, marketing, or administrative support, look into websites that hook freelancers up with clients. This may require you to work several hours a day, but when combined with your other streams, it's a good way to generate income online.

3. Trading: With high-tech web-based platforms, trading on the forex and stock markets is easier than ever. All you need to do is find the best platform, invest a little bit of time in developing a trading strategy, and put your strategy to work. This is a particularly risky way to generate income online, but if you are careful and conservative in your trading practice, it's a good way to generate a modest amount of profits.

4. Flipping websites: This strategy is akin to real-world real estate investment. Basically, what you do is buy up underused web properties that have the potential to be valuable, you turn them into high-quality sites, and then you sell them for more money. For example, can you think of any potentially popular.com web domains that are not currently being used? There are thousands out there. In website flipping, you can buy up these properties for cheap and turn them into something worth a lot of money.

About the Author:

Rodney Ian is an Australian writer and entrepreneur who specializes in learning, innovating, and spreading knowledge about web-based work-from home opportunities. For more tips and ideas for how to earn income online, visit Rodney's website at http://www.onlineincomeforaustralians.com.