There are four primary arenas that wealth can be created in: Real Estate, Business, Investing, and the Internet. The internet is my personal favorite. It has the easiest access, it can be done very inexpensively, and the potential is truly unlimited. Anyone can connect to the internet from anywhere in the world, start up their own e-business, and begin generating income from a global (and therefore vast) marketplace. Whether you want to earn some extra income or build a huge fortune, it can be done best on the net. You can create multiple streams of income, passive income that runs on auto pilot, starting whenever you want.
So just how exactly can you start your own profitable internet business? There are a number of great business models, but some are easier, less time consuming, more automated, and more profitable that others. There are 5 simple internet businesses that I use all together to earn a substantial amount of passive income online. You can use them to and begin your own wealthy internet entrepreneur lifestyle. Take it a step at a time, learn and master each one before taking on another, and watch as your income grows and grows.
Create Your Own Digital Products
Anyone can package their information in a way that it can be sold online. You do not need a physical, tangible product to make money with internet marketing. You can write an ebook, design software, create e-cources, etc., and sell them through your own websites as well as through affiliate marketers. Another great option is to create a free ebook or course and then exchange it for your visitors email addresses. This is a quick and easy way to build a large mailing list, a list that you can use later to promote more expensive products and services. This is how the pro internet marketers make big money with a single email.
Marketing Other Companies Products
Maybe you do not want all of the hassle of creating, packaging, and marketing your own digital products, but that is ok too. You can become an affiliate and sell other people stuff for a commission. Affiliate marketing is big business. Affiliates are earning millions of dollars online, and just about every company offers an affiliate program . Choose a niche, find the best products, affiliate programs, and commissions, and then start marketing to your target audience through a number of internet advertising vehicles.
Online MLM/Network Marketing
Similar to affiliate marketing is network marketing, also known as MLM. Despite the bad rap that MLM programs have gotten by many people, they really do offer huge earning potential for motivated entrepreneurs. It takes work, which is why so few people succeed and so many call it a scam. But if you are willing to work for your financial freedom, you can use reliable online network marketing programs to earn a leveraged and residual income from home.
Create Google AdSense Income
A website can be a terrific way to generate daily passive income online. A website never rests and can therefore earn you money 24 hours a day, 7 days a week, every week of the year. All you need is a simple website of blog to start. You do not even need to have any products or services to sell. You can simply provide information on any topic of your choice, and as your website begins generating traffic, you can monetize your traffic through a variety of monetization methods including hosting Google Ads. Plus you can integrate the above ventures into your site for even greater earnings.
Create Squidoo Lenses
This is an income stream that I have only recently started using, but I absolutely love it. Squidoo.com is a social networking website where free members create their own webpages, as many as they want, on all sorts of topics. You simply use the tools to build great looking webpages, and then squidoo uses them to earn advertising revenue, sharing the profits with you. This is the easiest way to start making money online, and you can learn a lot that will allow you to diversify and grow your internet income later.