There are ways to set up steady streams of income that keep coming in over time.  A fellow marketer who’s business had dropped off 50% from what he had been making prior to the month.  Then it dropped off a lot more and he didn’t know what to do.

I knew nothing about his market and the trends that come with it, but I knew that there is one very good way of reducing that…

Find ways to get residual income and set up some streams of income.

Online residual income is the best kind of income there is online.  It’s income where you do the work once and the income keeps coming in over and over again.  If you have that income to fall back on, you can reposition yourself and your online business, if you fall on hard times.

People don’t make it online because they don’t make enough money and have to go back to their day job.  If you have focused on developing that residual income, you can have that income to live on and then you can focus your efforts on other income methods.

Another thing that you can do is put up a series of blogs in different markets and find products to affiliate and start blogging.  Once the money starts rolling it, it should stay pretty steady for awhile.  The only thing that you have to monitor is the products that you’re promoting.

Some products have a shelf life of years, but some only have a shelf life of a couple of months.  Always be looking for newer or better products to promote, that have better converting sales pages etc.

You can also set up various membership sites.  This will give you an opportunity to get monthly residual income.  Once you have your membership site, all you have to do is focus on getting more members and keeping the members that you have.

There are a lot of possibilities out there.  It’s just a matter of going out there and taking action and doing some work.  You have to be willing to work and build the pillars of your online business by developing a bunch of streams of income that keep coming in.

© Neil-Harvey.com