10 Income Streams Ideas

A stream like creating one for your businessHaving the right income streams ideas for your niche business can be very difficult if not thought out properly to keep the relevance of your website.

When you think of Income streams, what comes to your mind?

I think of a stream flowing by me as I lay on a river bank and listen to the chirping of the birds. The very idea is so relaxing I may fall asleep while I am writing this.

Money flowing to you without work may be an idea that comes to mind. However, I have been doing Internet marketing to know that there is no such thing as making money without doing something.

At least not at first. Then maybe you can get an income stream start. Kind of a passive income, or recurring income, or residual income as it is sometimes called in network marketing.

So, what are some good income stream you should consider?

10 Different Income Stream To Consider

What I want to do is look at income stream categories and add in 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!

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.

anyone can make money online

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. 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 it 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!

5. Rent out a room. Ever heard of Airbnb? People rent out their house for money when they are not using it.

How about renting out a room, or a garage, or a parking spot in your driveway. This is 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.

everyone needs internet training to be successful online7. The Home Business Academy. Here is a cool affiliate program that offers an 80% commission 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 watch Shark Tank? How involved on a daily basis are the shark? 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 some day.

Is it?

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 case. 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 Conclusion On Choosing The Best Income Streams

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.

I like to sell membership programs, specifically Wealthy Affiliate. These programs are easy to sell if you are in front of the right crowd. Everyone wants to learn Internet Marketing the right way, that is why Wealtbv Affiliate has become so popular today.

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.

I can help you with affiliate marketing and you can start learning for FREE!

arrow-red Become a part of a growing Community & Turn Your Passion Into a Successful Affiliate Marketing Business. Get started here. It’s Free!

 

A Related Video: that can open your eyes a little.

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10 Comments

  1. Barbara

    I love your ideas and your entrepreneurila way of thinking. I often look for ideas to make an extra income or even better quit my job and be my own boss and you gave moe more than enough ideas to consider. Thank you so much, Sometimes we get stuck in our way of thinking and cannot see the way out or a different route and all we need is a bit of inspiration and you jst gave it to me. Thank you so much

    • Bishop

      Hi Barbara, glad I was able to open your eyes on different income streams that you can start and build into a full-time job from home. It will be good if you focus on just one or two at a time. this will keep you laser focus and be able to reach your goals quicker.

      Please let me know if you need a hand with anything moving forward? Talk to you soon.

  2. Sara

    Lots of people look for money for nothing. I agree even with so-called “easy” ways of making money, it is a lot of hard work. It does sure beat the heck out of getting out of bed with an alarm clock though. Rushing to get to a job, only to get stuck in a traffic jam and get yelled at by your boss first thing in the morning. 

    The only boss that yells at me is myself, and I tell her to keep her voice down. LOL. But, once you do get a system in place it can be very easy after that point. Very good ideas, some I haven’t seen before, I will have to check them out.

    • Bishop

      When you reach that point of working for yourself, the feeling is so thrilling, that the energy is erupted in you to go further and help others along the way. This is very much possible with the right training and the choice of choosing any income stream to get you there.

      Is a good feeling where you can be yell by your boss, and not be upset knowing that your boss is you. happy to know that you get some value here in this post. Feel free to drop by anytime.

  3. Wealthfather

    This is one of the most comprehensive articles I have ever read on your blog. The secrets you have shared concerning different income stream idea is perfect and Ideal. I have tried some of those income streams you highlighted like Google Adsense, writing a book wealthy affiliate e.t.c and they all worked perfectly for me. I made thousands of dollars from writing a book last year which paid off and settled my bills. Thanks for your in-depth analysis

    • Bishop

      Happy to know that it was a good share and that you have used some of the income streams and had positive results. Wish you further success as you build your business, and reading your book would be an honor. Please send me the information so I can obtain a copy. Thanks!

  4. Badhan Biswas

    Thanks, Bishop for sharing all those as* kicking ideas. I just loved each and every one of those. I think I can really be successful by following those income streams ideas. I have a bit confused about “Sell a membership” concept. You described who that works. Now…

    🔸Would you please describe how I can make it happen? 

    N.B: Please don’t get me wrong. Just before the last paragraph, maybe there is a typing mistake. Please verify that. 

    • Bishop

      Badhan, the company that I am a member of is Wealthy Affiliate. I pay a membership fee for the service I receive. I learn how to build a website and how to market online earning an Income in many ways. the company would give me a commission if I market this membership to others. that is what I mean about selling a membership.

      If anyone develops the skills in marketing online and have their unique style and it works, they can do the same by you paying for their service. that in itself means they are selling you a membership where they teach you on a monthly basis and give you the skills that help you to grow your business.

      Although I pay a monthly service with WA, I do the same with other businesses that help me in my marketing efforts. Hope you get some clarification here. There was no typo error. all the best.

  5. Achievers

    I love your article on 10 income stream ideas. This is really insightful and informative. It is a thing of pleasure to sit at the comfort of one’s house and make money online with no worries of anyone bossing one around. I know passive income takes a process and time but it is worth it. I will narrow down my interest to choose among these income stream ideas you sent. Thanks a lot for sharing. 

    • Bishop

      Happy to know that you get some value here, please feel free to stop by from time to time, I update this website often to show what’s working and what you need to stay away from. Talk to you soon.

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