How to Create Multiple Streams of Income - A 6-Step Guide

What if you suffered a serious injury, leaving you strapped to your chair for the rest of your life, unable to provide for your family, incapable of leaving the house to go to work every day? Luckily, Internet income provides a solution both for those dealing with this predicament and for those who simply want to earn money without leaving the comfort of their armchair.

Affiliate income is the single best way to create multiple streams of income online without ever leaving the house. Better still, once you have put in the initial work and got the website up and running, your business will require absolutely no effort from your side to maintain, meaning that you can move on to bigger and better things even as money continued to trickle in, slowly but surely. How does one create multiple streams of income on the Internet? This easy 6-step guide will teach you how to become a professional affiliate marketer and amaze your friends with extravagant paychecks that you will receive every month without seemingly ever leaving the house!

1. Select a Market

This is the single most important step you will make as an affiliate marketer, as this is where you choose what product - or range of products - you are going to specialize in. There's nothing stopping you from working with just about everything, but it's always best to work in a market that you already know something about and where you can differentiate between good and bad products.

2. Select a Product

Now that you've chosen your market, your next step should be to pick the right product to promote. In general, there's always more than one products catering to the needs of the specific category of buyers; however, some of them are better than others, meaning that they will generate more sales (and therefore more income). Look for products with a good sales page and lots of verifiable testimonials - Clickbank is a great place to find some excellent affiliate programs.

3. Choose the Keywords

Now that you know what product you're selling, it's time to get serious! You now need to figure out what people are looking for in relation to this product or market. After all, you don't want untargeted visitors who don't care about this miraculous product you're promoting and only ended up on your site by accident, right? One of the best ways of finding keywords is to use http://freekeywords.wordtracker.com, which is free and gives you a good idea of what people are searching for and how often.

4. Build the Site

The next step in the process to create multiple streams of income is to actually set up your site! Don't worry, it's not nearly as difficult as it sounds - start by registering a domain name that contains your keywords (e.g, if the phrase you're targeting in Step 3 is "hair loss product", then try to register www.hair-loss-product.com - search engines will love you for it!).

5. Create Content

The next crucial step is to create content for your site which should be optimized around the selected keyphrase. Remember, in addition to targeted visitors, optimized content also means that your site will appear at the top of search engine results, beating even some of the more established websites in the field! Include affiliate links in your content to seamlessly integrate promotion and genuine information for optimal sales.

6. Promote Your Site

The final step in the process to create multiple streams of income is to promote your site! If you can afford it, set up a PPC campaign with Google Adwords - if you can't, not to worry, because you can still generate lots of visitors for free by submitting related articles to EzineArticles and GoArticles and including a link to your site in your biography box. So long as your articles are compelling and useful, you can expect a steady flow of visitors - and if you get really lucky, your articles will also be reprinted and published throughout the Net together with your biography box, providing you with tons of backlinks and plenty of visitors!

As you can see, you do not need much skill or experience to create multiple streams of income on the Internet. Keep in mind that, individually, a site is unlikely to earn you more than $10-$20 a day - however, 10 or 20 such sites could make you very rich, very fast (and that's not at all difficult to achieve - it's perfectly feasible to set up 2-3 such sites a day). Once you've practiced this winning formula, feel free to keep applying it to create even more multiple streams of income by adding more and more sites to your growing affiliate empire!