Are you looking for some income streams ideas to make money from home? If so, you are not alone. Many people are searching for ways to diversify their income and achieve financial freedom.
But finding the right income stream ideas can be challenging. There are so many options out there, but not all of them are suitable for your skills, interests, goals, and lifestyle. That’s why I have created this article to help you find the best income streams ideas for you.
In this article, I will share with you 10 income streams ideas that you can consider working from home. These are proven ways to make money on the side online that I have personally tried or learned from other successful online entrepreneurs.
You will learn how to start, grow, and scale each income stream, as well as the pros and cons of each one. By the end of this article, you will have a clear idea of which income stream ideas are best for you and how to get started with them.
So, what are some good income streams ideas you should consider?
10 Different Income Streams To Consider
What I want to do is look at income stream categories and add a handful of programs to them. You can take these ideas and look at them further if you want.
Here they are:
1. Sell a membership. This is what I do with The Wealthy Affiliate Program and help others to do the same while coming up with ideas for their niche.
A membership program needs to have a recurring income stream for it to be passive. When someone upgrades into a monthly membership with Wealthy Affiliate you earn a commission every time they are billed.
You do not have to personally sell the membership over and over. As an affiliate for the program, you get paid today and tomorrow for making the sale yesterday or before.
See how great an idea of membership sales with recurring commissions is as an income stream!
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2. Write a book. We are not talking about Stephen King here.
Write an ebook and sell it online. Even better, turn the book into a Kindle Book and sell it on Amazon.
Does that really work? Amazon Kindle has been around since 2008.
The average person earns $5K from their book sale according to stats I saw online. That is money, but is it an income stream?
It is when you develop a brand and keep cranking the books out. Over time Google will rank you for keywords and Amazon will rank you on their site as well. This is where you have an income stream from writing a book.
3. Google AdSense. Start a blog and monetize it with Google Ads. You earn 68% of the ad sale and Google does the selling.
This becomes an income stream when you have traffic coming to your site and clicking on ads even when you are not blogging that day or month. This is one of the benefits of working from home with your website.
The downside is you have to put up a lot of content on your blog. Then you have to market the posts creating backlinks where people can find them and the Google Ads.
4. Joint Venture. How about partnering up with another Internet marketing and creating a niche website?
You do the marketing, blogging, etc. They create info products for the niche.
I love this idea of niches where professionals can really provide value, but do not know how to do Internet marketing. Doctors, lawyers, accountants, etc. Let your mind wander!
Click here right now for our review, my personal help, and instant access to our free training videos where we'll show you exactly how we did it ourselves starting out as complete beginners without ANY prior knowledge or experience in marketing online whatsoever!
5. Rent out a room. Ever heard of Airbnb? People rent out their homes for money when they are not using them.
How about renting out a room, a garage, or a parking spot in your driveway? This is an easy passive income as long as you keep it rented!
6. Peer to Peer lending. Have some cash to invest. How about being a loan shark?
Not really, but you are lending money to people who need it. Join a club like Lending Club and give it a try.
7. The Home Business Academy. Here is a cool affiliate program that offers an 80% commission on selling their mindset, money, and marketing online training.
This is not just another self-help MLM program. As a matter of fact, it is not even an MLM program. It is an affiliate program with a big-ticket product to earn $500 upfront and a $100 a month income stream on the membership.
8. Buy an online business. Ever watched Shark Tank? How involved on a daily basis are the sharks? Not much!
You can do the same thing with websites and blogs. Empire Flippers would be the go-to place if buying a website appeals to you.
Contact website owners and bloggers directly just by Google searching categories. You may find an owner who wants to sell part of their business, but still, be active in it!
9. FBA Amazon. Is a fulfillment program like Amazon really passive? It could be if you partner with someone to keep the products flowing to the Amazon warehouse.
Amazon handles all fulfillment at that point. They pay every 2 weeks for what you have sold.
10. Network marketing. This is the longtime home business income stream that claims to be passive someday.
The numbers are starting to prove this true. Websites like Business For Home are showing thousands of people earning big money in MLM.
How big? We are talking about millions per month in some cases. Certainly thousands per month in many cases.
Don’t expect MLM to be an immediate passive income stream. However, as you get a group going most of the product fulfillment is handled by the parent company. A lot of the sponsoring is done online using systems that are already set up for you.
My Final Thoughts
As you can see, there are many income streams ideas that you can consider working from home. Whether you want to sell your own products or services, create content, teach others, or invest in assets, there is an income stream that suits your needs and preferences.
The key is to choose one or more income streams that match your skills, interests, goals, and lifestyle. And remember, you don’t have to do it alone. I am here to help you with any questions or challenges you may face along the way.
Just contact me anytime and I will be happy to assist you. So what are you waiting for? Start your online income journey today and join the thousands of people who are living their dream lifestyle thanks to working from home.
So which of these Top 10 is my favorite? I let the cat out of the bag at the top of this article with my #1. you can get further suggestions by reading my 11 income streams recommended for bloggers.
I like to sell membership programs because these programs are easy to sell if you are in front of the right crowd. Everyone wants to learn how to make money on the Internet the right way.
They have an easy-to-understand commission structure as well. I have a problem with a lot of fancy comp plans that take a college degree to figure out and understand.
If you need help on how to get started, check out my #1 recommendation on building a successful business online. You can get access to hundreds of training videos, 24/7 support, professional consultations, private access to training guides, tools, personal assistance, my personal help, and much more.
PS: Click here to review my #1 recommendation in detail.