Monday, November 8, 2010

Building Passive Income Streams - Anyone Can Do It

People often ask me if all I do is sell on eBay. No. I have many other income streams. eBay is just one of them. The key to making money with multiple streams of income is persistence, time, and commitment. For example, here is my history on eHow - an article writing site.

I started writing for eHow back in June 2007. I didn't even know the site paid its writers. I was just writing articles about how to do stuff on eBay. In January of 2008, money started showing up in my Paypal account. I have submitted 316 articles to eHow since September 2007. The last article I submitted was in February 2010. (I stopped submitting articles when the system changed and it became more time consuming to write there.) Click here to see my profile. My articles have had over 1 million views in the last 3 years and I am now making about $35 a day and haven't submitted anything in over 8 months. I now make enough money from this income stream to pay my mortgage.

Here are screen shots of how my earnings have grown over 3 years:




Why am I telling you this? BECAUSE ANYONE CAN DO IT. All you have to do is start and make a commitment to keep building these income streams from now on. It only takes minutes a day. But you have to do it every day.

eHow is only one of my streams of income. In addition to eHow and eBay I make money from these things:

Selling books on Amazon
Google Ads on my blogs
Affiliate marketing
Writing for the Examiner

It just takes discipline, commitment, and the understanding that rewards will come later - delayed gratification. Here are some tips on where and how to get started building passive income streams.

Start a blog to promote your eBay store.

Start a blog about anything you want and monetize it.

Sign up for Swagbucks.
(Here are my gift card rewards for this year - so you can see it really works! I have redeemed 28 $50 Amazon gift cards this year so far for a total of $1,400. You can use the gift card balance immediately or let them accumulate. I will be doing all of my Christmas shopping on Amazon this year with money that Swagbucks paid me.)

Submit articles to Constant Content.

START NOW - DON'T WAIT. Six months from now you can be seeing income from these sources.
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