Basics of Creating Multiple Income Sources

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Today, I want to share a few things I’ve been working on the last week. They involve ways to create multiple sources of income. You’ve all heard the saying, don’t put all of your eggs in one basket. And these days, nothing can be guaranteed, especially with the economy in the state it’s in.

So, it’s a great idea to get several income streams flowing so that if one, like your job, suddenly falls through, you have others already in place to supplement the loss of another. Also, if you are very successful, you may someday decide to quit your regular job altogether. That is my ultimate goal.

In case you don’t already know, information is the most searched for item on the internet. There’s a huge market for monetizing on this trend that I believe will only grow stronger in the coming years. The internet is still in it’s infancy, so there’s a lot of room for growth. Don’t ever think it’s too late and that you’ve already missed the boat. You may have thought the same thing about real estate a couple of years ago. Opportunities are everywhere these days, so you just have to open your mind and get a little creative to really start boosting your income.

That being said, one of those ways is to sell ebooks and software. There are thousands of ebooks and programs that can be acquired for very little out of pocket money and will allow you to either resell them for a percentage (through an affiliate program), or resell them and keep all the profits (by buying the resell rights to them). The beauty of this is that once you make the initial purchase, you can keep reselling that item forever and keeping all of the income from it.

One great site I’ve found is www.theinfoplanet.com. They have hundreds of great ebooks and software to start making money today. Also, there’s links to other really good tools and resources for learning how to start your own online business. Of course there are many other sites and this is just one.

I’ll be adding more resources here in the future so that we can all learn and benefit from the growing trend in information selling. The market is absolutely tremendous and there are thousands of ordinary people making a full time income on the internet selling just these types of items. Want proof? Just go to www.ebay.com and search for ebooks or software. There are thousands of sellers making their living from Ebay. And we’re not just talking a few hundred dollars a month. Some are making several thousand dollars monthly. Definitely more than just a supplemental income. So that’s just something to think about. I’m already looking into it and will keep you informed on my findings. So until next time, take care and have a great day. And as always, strive to…

Be More,

Patrick

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11 Responses to “Basics of Creating Multiple Income Sources”

  1. like that infoplanet link mate .keep up the good work .regards.kev

  2. Hi Patrick,

    Good informative post but I could not get the http://www.infoplanet.com link to work – not sure if it is the site itself?!

    Cheers

    Andy Ccokayne

    http://andycockayne.com
    http://twitter.com/andy-cockayne

  3. Patrick Wooley on March 14th, 2009 at 2:32 am

    Kevin,
    Many thanks to you.

    Andy,
    The link works fine for me. The one you sent as unusable is incorrect. Try http://www.theinfoplanet.com. Glad you liked the post. Take care. Patrick

  4. Hi, Patrick good looking blog my own has lots of eBay related posts; my area of eBay is in the health and beauty market where I have power seller status. I also sell other items from a separate identity. Just stating to do the round robin of other blogs to see the ones that most closely match mine and make a post on each. Please feel free to drop by and have a look and maybe make a comment.
    Cheers
    Rob

  5. This website is listed at the top of the search engines

  6. I wanted to say that it’s nice to know that someone else also mentioned this as I had trouble finding the same info elsewhere. This was the first place that told me the answer. Thanks.

  7. Howdy there,this is Millie Merante,just observed your Blog on google and i must say this blog is great.may I share some of the information found in your weblog to my local people?i’m not sure and what you think?in any case,Thank you!

  8. Finding good information from blogs is not always easy, but you have done a great job here, interesting title ( Basics of Creating Multiple Income Sources ) too, cool.

  9. But you do not have to write an e-book, you should receive a product of great master resell & start reselling. And it’s easy to do, since all e-books have a sales letter included so we should get a domain name and host it and start making money. As you probably already know, based resale rights, you get the rights to sell a particular product (ebook, software), while with resale rights, you get much more than that.

  10. Another very strong and powerful post. I’ve been reading through some of your previous posts and finally decided to drop a comment on this one. I signed up for your newsletter, so please keep up the informative posts!

    Good luck on your blog, and feel free to comment and subscribe to my blog as well when you get a chance: Make Money Online with Dino Vedo.

  11. I’ve been into blogging for quite some time and this is definitely a effective and well written post. I signed up for your newsletter and shared it with my other blogger friends, so please keep up the informative posts!

    Good luck on your blog, and feel free to comment and subscribe to my blog as well when you get a chance: Make Money Online with Dino Vedo.

    Thanks so much, and lets stay connected and maybe share some ideas, do some guest posts, and get us both some more traffic and backlinks!

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