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:pdobler@getresponse.com to learn more about viral marketing.

---

The Key To High-Volume Web Sales

The quickest way to achieve high-volume sales on the web... Read More

Build A High Profit Business With Affiliate Programs

QUESTION: I am considering starting an ebusiness using affiliate programs,... Read More

Adsense: How to Make Money With Ads by Google

The chances are that you've seen "Ads by Google" on... Read More

Make Money Online With Affiliate Programs

If you have wanted to find a way to make... Read More

Whats a Mini Affiliate Site?

In this article I'm going to cover two specific marketing... Read More

Affiliate Programs... A Not THAT Easy Start To Your Own Online Business

"Where is all the help I'm supposed to get. I... Read More

3 Powerful Words

I should have listened to an internet veteran back in... Read More

Preparation - the Way to Success

I have two questions to ask you. One. How much... Read More

Tips For Marketing Your Affiliate Business

Not all Home Business Entrepreneurs are experienced enough to produce... Read More

How to Skyrocket Your Affiliate Marketing Revenue in 30 Days or Less

Starting up your internet business as a member of an... Read More

How to Run A Successful Affiliate Program

There are many people who log onto the internet everyday... Read More

Internet Affiliate Marketing 101 - Its All About Relationships

So you've found the perfect affiliate program, you've signed up... Read More

How To Create Your Own Successful And Profitable Affiliate Program

Most of the truly successful marketers have three competitive advantages... Read More

Grow Your Business with Affiliate Marketing

To generate additional business income, consider expanding your business through... Read More

Design Web Site Around Affiliate Programs

When starting a Web business, most people choose a topic... Read More

Affiliate Marketing ? How to Start Earning Money Today

If you're new to Affiliate Marketing and your finding everything... Read More

How To Make Niche Profits Without a Website

You don't need to buy any "amazing new ebook" or... Read More

Six Power Tips on Resell Rights

If you are planning to take the path of the... Read More

Back-End Selling With Affiliate Marketing

More and more people are getting into online businesses for... Read More

Is Earning Money With Affiliate Marketing A Myth?

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

High Earning Affiliate Is It Possible?

Affiliate Program have exploded on the internet. Thousand of people... Read More

Ten Ways Affiliates Sabotage Themselves

If affiliate marketing is so lucrative, then why do so... Read More

Can You Really Make A Substancial Income With An Affiliate Program ?

Affiliate Program are the easiest way to make a substancial... Read More

Affiliates Need To Read Their Newspaper

Millions of people check the news everyday-- in the morning... Read More

Affiliate Marketing ? The Comparison Model

The value of an affiliate is nil in a customer's... Read More

Want to Increase Your Affiliate Commissions?

Do you participate in chat rooms and message boards related... Read More

Is There an Affiliate Free Lunch Program?

"Everything worthwhile has a cost... Whenever you think you are... Read More

6 Things to Increase Your Affiliate Income

So you've signed up for affiliate programs, posted links around... Read More

Why Super Affiliates Succeed

Ever wonder why the super affiliates are raking it in... Read More

How to Make Money with Affiliate Business Programs

There are thousands of affiliate business programs on the internet... Read More

:: How To Succeed With An Affiliate Program

Affiliate Programs have exploded on the internet. Thousand of people... Read More

Promoting My Affiliate Programs--How?

Getting your website up, is really just the first phase... Read More

Is There Any Money On Over Saturated Markets?

Well that depends ultimately on you! Let me explain?I have... Read More