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 www.mypluginhomebiz.com">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.


MORE RESOURCES:
Three retailers help bring Q2 earnings season to a close this summer with mixed results across the board Earnings reports are all we have to go by so far this week with Existing Homes Sales Weekly Jobless Claims and a Jackson Hole Symposium on deck through the remainder of the week

Recessions are a fact of economic life. Capitalist economies are cyclical in nature, and while periods of expansion can last for differing amounts of time, they never last forever. Nor is there just one thing that always brings them to an end. However, there are often similarities in the conditions that lead to

We expect very few clues to influence investors not just here in pre market Monday but for the entire week Last week brought more economic data than we d seen for weeks now we ve got a couple weeks longer until August reads in employment etc begin to hit the tape Major U S indexes

This past week, the Bureau of Labor Statistics (BLS) released productivity and costs for 2Q2019. The bottom line was that the year-over-year productivity growth slowed. My view of productivity is very different from the headline view. Productivity calculations are complicated -  far too complicated  for

As we get ready for the next decade, there is reason to believe big changes are coming. The next 10 years of market activity could look wildly different from the last 10. Many investors will find themselves unprepared. According to legendary hedge fund manager and macro investor Ray Dalio, it's possible to

Ending a volatile week in the markets that will barring a major reversal in sentiment today end up a percentage point or two in the negative That s still OK overall what we d rather not see are more down legs ahead of nex t earnings season which doesn t even begin to trickle in

During periods of volatility such as we are currently experiencing, investors with a contrarian bent like me start thinking about what to buy when things settle down. There are two ways of approaching that: either you look at the hardest hit stocks on the basis that they have further to bounce, or those that have

Following the biggest selling day in a long time 3 among major U S indexes we see a plethora of new economic data hitting the tape during the early market hours this Thursday among them Jobless Claims as nearly every Thursday Retail Sales Productivity and Unit Labor Costs and more

Oil prices  rose sharply  on Tuesday after President Trump decided to delay tariffs, recognizing the negative impact tariffs would have on the U.S. economy. But by Wednesday, oil prices crashed again, as financial markets see the risk of economic recession rising in spite of the tariff delay. The closely-watched

Most people have a simple and basic understanding of what a yield curve inversion means. They know that it is unusual and every headline tells them that its bad news for the economy. Some are even aware that when a yield curve inverts, long-term interest rates fall below short-term interest rates as investors

One of the most common misconceptions among retail traders and investors (that’s you and me, people who trade and invest with their own money from home, rather than those who are paid to play with other people’s money) is that those that work in the market are all super intelligent people, making complex calculations

U S stock futures plummeted ahead of trading on Wednesday after a key Treasury yield curve inverted signalling an impending recession The yield on the 10 year Treasury note slipped below the 2 year rate Traditionally this is believed to be a reliable indicator that a recession is around

U S equity futures retreated as Hong Kong s political and Argentina s financial scenario dented investor sentiments The Hong Kong international airport known to be one of the busiest cargo airports was shut down due to heavy protests In fact almost 5 000 protestors flooded the

U S stock futures plunged ahead of trading on Monday on concerns that the lingering trade war between the United States and China could push the global and domestic economies into a full blown recession The Dow lost around 150 points after Hong Kong International Airport terminated all

The relationship of consumer credit to the economy is not well understood. This confusion has many thinking that there is a consumer debt crisis underway. According to  Investopedia : Consumer credit use from month to month  is  closely measured by economists because it  is  considered an indicator of 

Alopa.com ©