Having 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 riverbank 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 started. 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.
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 the 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.
7. 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 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 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! click on the link below this video.
A Related Video: that can open your eyes a little.