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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.
Why Building Affiliate Websites Are the Way to Go
It seems that everybody is into making money online these days. By far, the largest market place in the world is right there in front of you within the cyber world of the internet. But what is the simplest and easiest way to make money online? Well, affiliate marketing nowadays is the very common and the most popular method of earning money online.
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Like the more common single tier affiliate programs, 2 tier affiliate programs are a great basis for web-based partnerships between merchants and affiliates. Merchants can focus their efforts on what they should do best-creating high quality products and getting them to customers. Meanwhile, affiliates concentrate on producing interesting content to attract web traffic. And when they successfully refer visitors to buy affiliate products, an affiliate commission is earned.
Affiliate Web Site Pros, Cons and Getting Traffic
With the web these days growing at a substantial rate, just about everywhere you turn on the web, you will see offers to own your own web business. Many of these offers are legitimate businesses with real products and items waiting for you to open one of their affiliate sites and start selling. They can sound very good, get you excited, tell you that you can make tons of money and sometimes be under $100.00 dollars to start. But there are some important things you should consider before you buy.
How to Make Your Affiliate Sales Take Off in a Hurry
Affiliate programs are probably the easiest and simplest way to achieve business success online. Indeed there are many online entrepreneurs from all over the world making a very comfortable income from various affiliate programs. Yet there are multitudes of people who will testify to trying a few and never coming anywhere near success. In this article we will look at the key factors that hinder success.
Internet Tip of the Week: Reality Check
Every time you turn around it seems you see another affiliate program which promises you vast riches. They give you all the sales material you need, and even throw in a free web page. How can I loose, one might think. Everything is all set up for me, and all I need is get a bigger PO Box to handle all the checks that will roll in. Your web site will be carried by the search engines, you have the "pre-written" ads ready to go - how can you lose?
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To be super at anything means to excel beyond the scope of average or achieve superiority status.
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Years ago before the internet was born, starting your own business was like taking a leap into the unknown. It involved MONEY, TIME, and lots of worry. If you were one of the lucky ones your business was a success, but many were doomed to failure.
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One of the biggest fears new Affiliate managers have is in finding new affiliates. This fear is a stumbling block that stops many site owners from getting started with affiliate marketing.
How to make money with Affiliate Programs - The Sensible Way
Every day, thousands of would-be marketers scour the internet looking for any and every affiliate program, sign up, sit back and wait for the money to pour in and get frustrated just as fast when the bank balance still shows a big, fat ZERO!
5 Affiliate Marketing Mistakes To Avoid
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Growing your internet home business organically means there are similarities to organic farming. An organic farmer knows that if he develops healthy soil, he will have healthy plants. He also knows that "to every thing there is a time and a season." You can't harvest in the spring, or plant in the winter.
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When a newbie begins an online business, the temptation can be high to join most any affiliate program they see in the hopes of making extra money. Given the amount of products and services that newbie get presented with, and since newbie have a burning desire to make money fast, it is easy to see how the online newbie can get lured into joining a lot of affiliate programs without knowing if they should join them or not.
High Earning Affiliate Is It Possible?
Affiliate Program have exploded on the internet. Thousand of people join them every day. Amazon.com is probably the best example of such phenomenal success.If the affiliate program is so popular and so widely available and booming like mushroom...Why do most affiliate have a hard time making $100 per month ? And some never see have receive a check ? It's probably because they are not effective in their marketing campaign or doing noting at all.
How to Start Your Own Affiliate Program ? Internet Marketing
This is how most entrepreneurs become filthy stinking rich! EVEN Ebay has an affiliate program!
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