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Multiple Income Streams From Niche Markets



AliExpress by Alibaba.com


Multiple income streams; exciting words, but what does it mean in every-day English?

In the world of Niche Markets in Internet business, multiple income streams simply means having more than one source of income. This is achieved by making money from more than just one online business.

Each different web site would generally be a different business. They could relate to each other, but not necessarily. You could have businesses that have nothing to do with each other. Both methods are quite successful.

Let's examine different scenarios. How to market unrelated products? In the offline world, we are quite accustomed to seeing a little bit of just about everything sold in department stores, from razor blades to baby clothes to fashion dresses to living room furniture to washers and dryers, and so on.

Is this how it is done in the online world? Absolutely, but it is not the only method. Mega Internet stores have evolved in such a way that to compete, you must be huge, and have tons of money to finance the operation, including the cost of the ever-changing web site. The competition and horrendous costs leave no room for the little guy, so he has to find another way to do business.

Enter the newcomer, looking for a way to make a living on the Internet. Seeing he can't compete selling a large mix of hard goods and soft goods, he can decide on a "niche" product to market. A niche product simply means specializing in one key product, or just a few related products.

This concept applies to both hard goods (items that must be shipped), as well as to downloadable information products.

This opens up a whole new world of possibilities, and it means a whole different way of conducting business. Specialization is often achieved using mini-sites that sell only one product. The mini web site might have from one to five pages, but usually just a single page.

Your information product that you want to sell needs a web site, hosted by a web hosting provider that provides you their service at a reasonable cost. Let's assume you started selling your product, and after a few months it is bringing in some income. It might amount to $1,000 up to $3,000 per year.

That's not too bad, and is worth keeping, but certainly not enough to make a living with. This is where the concept of multiple income streams comes in. During the months that your business is building, you could be looking for other ideas. You find one that excites you, and more importantly you do the research and discover a good potential for attracting customers. So you go ahead with a second web site.

You have now achieved multiple income streams! Over time you have other great ideas. Actually, you are now up to four web sites with different ideas. Two of them are related information products, and the other two are hard goods.

All four are successful. Each one separately does not make enough to live on, but the combined four bring you in respectable dollars.

But how are we controlling our costs? This is important to do, seeing we have the cost of some advertising as well as the web site costs. We found it necessary to build a customer list for each different product, and periodical emails are sent to your list. All these costs can become quite extensive, almost prohibitive.

So, what do we do? How can we maintain our buinesses, yet keep our overhead down to where it isn't cutting hugely into profits?

One critical aspect to look at is your hosting and to look for a web site hosting service that includes all or as many tools that you need in order to do some serious Internet business.

The tools aren't all you need to consider. Sure having a hosting service that gives you an autoresponder is certainly a huge help. But, we have four sites here to market and at the average rate of $24.95 a business, that's close to $100 a month, a pretty steep bill especially if you are just starting out.

Now we are looking for a host that will provide all the tools we need to run our businesses, plus we want one that will allow sub-domains in case we have closely related businesses. Can we get it all at one low and affordable price.

In addition to the tools we need and the overall hosting package we need for FOUR businesses, we are all about multiple income streams, so let's see if there is a way to benefit (PROFIT) from the hosting company as well.

Many hosting companies now offer an affiliate program where you can earn a commission by referring a business and gaining customers. That's pretty much a given, however the KEY is to ensure that the commission is recurring and not just a one time commission. Not sure what I mean about recurring income? Check the link out below for more information on recurring income streams

This is all great but the question now "Is there really a hosting company out there that will give me all the tools, let me host multiple sites for one reasonable price AND on top of that let me build another income stream?"

The answer is yes and you can read my review of Recurring Income Streams and how a company called "ThirdSphere" is an excellent example. At the same time you can learn the difference between Multiple Income and Recurring Income Streams. Read about it here: http://www.bestaffiliateproducts.com/thirdsphere.html

Having Multiple Income Streams using Niche Marketing is mandatory in today's Internet Marketing world?that is, if you want to make any serious money. Internet Marketing today has become much too competitive, and the newcomer has very little chance of breaking in.

Niche Markets, each with their own web site and relevant content is THE best solution. Niche Marketing is the hottest topic on the Net today. Niche Marketing is featured on my web site at Best Affiliate Products, and you can learn much more about it there.

I'll see you soon, in Niche Country.

Fred Farah - Copyright 2004

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AliExpress by Alibaba.com


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Apple kills app affiliate commissions, imperiling small publishers  VentureBeat

Effective October 1, Apple will stop paying publishers affiliate commissions for both apps and in-app purchases from its App Stores, a move that independent ...


US Tax Authority Prioritizes Issuing Guidance on Cryptocurrencies - Cointelegraph
US Tax Authority Prioritizes Issuing Guidance on Cryptocurrencies  Cointelegraph

The United States Internal Revenue *Service* (IRS) has prioritized issuing tax guidance on cryptocurrencies, according to a May 16 letter. The letter from the IRS ...


Decentralized Identity: How Microsoft (and Others) Plan to Empower Users to Own and Control Personal Data - Cointelegraph
Decentralized Identity: How Microsoft (and Others) Plan to Empower Users to Own and Control Personal Data  Cointelegraph

Microsoft, one of the world's largest software makers by revenue, is currently on a blockchain streak. This time, Microsoft presented a vast blockchain-related ...


How to Build a Reliable (and Profitable) Affiliate Network From Scratch - Entrepreneur
How to Build a Reliable (and Profitable) Affiliate Network From Scratch  Entrepreneur

According to industry expectations, by the year 2020, total spending on affiliate marketing will reach $6.8 billion, according to a recent article in Inc. Despite the ...


May to Become Strongest Month for CME’s Bitcoin Futures Trading: Report - Cointelegraph
May to Become Strongest Month for CME’s Bitcoin Futures Trading: Report  Cointelegraph

CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for BTC futures trading, industry news outlet ...


Amazon just provided a nice little reminder of why it's risky to build a journalism business on affiliate fees - Nieman Journalism Lab at Harvard
Amazon just provided a nice little reminder of why it's risky to build a journalism business on affiliate fees  Nieman Journalism Lab at Harvard

Amazon is a powerful partner, but as book publishers have learned, it can also be a fickle one.


Israeli Court Rules Bitcoin Is Not a Currency in Court Case Over Taxes on BTC Gains - Cointelegraph
Israeli Court Rules Bitcoin Is Not a Currency in Court Case Over Taxes on BTC Gains  Cointelegraph

The ruling is a setback for crypto entrepreneur Noam Copel, who will now have to pay tax on $830000 in profits he made by selling bitcoin.


Austrian Fiber Producer Lenzing to Launch Blockchain-Enabled Tracking in 2020 - Cointelegraph
Austrian Fiber Producer Lenzing to Launch Blockchain-Enabled Tracking in 2020  Cointelegraph

Major global fiber producer Lenzing will implement blockchain tech to bring more transparency to its fiber supply chain, the firm announced on May 17.


Circle CEO Jeremy Allaire: Crypto Space Needs Regulatory Certainty - Cointelegraph
Circle CEO Jeremy Allaire: Crypto Space Needs Regulatory Certainty  Cointelegraph

The CEO of CIrcle, Jeremy Allaire, has said that the crypto space needs regulatory certainty and the current definition of crypto is too broad.


How The Knot uses content to grow consumer revenue three ways - Digiday
How The Knot uses content to grow consumer revenue three ways  Digiday

Couples' wedding needs haven't changed much over the years. But as digital advertising has become harder to come by, wedding-focused publisher The Knot ...


Bitfinex Will List Its New Exchange Token Starting Monday - CoinDesk
Bitfinex Will List Its New Exchange Token Starting Monday  CoinDesk

Crypto exchange Bitfinex will list its new exchange token, LEO, on Monday after purportedly raising $1 billion from the initial offering. In an announcement Friday ...


Cars.com Reports Fourth Quarter and Full Year 2018 Results | News - Cars.com News
Cars.com Reports Fourth Quarter and Full Year 2018 Results | News  Cars.com News

Cars.com Inc. (NYSE: CARS) (“Cars.com” or the “Company”), a leading digital automotive marketplace, today released its financial results for the fourth quarter ...


Readers spend 5 minutes on The Financial Times’ luxury title - Digiday
Readers spend 5 minutes on The Financial Times’ luxury title  Digiday

How To Spend It, The Financial Times' luxury and lifestyle supplement, has mastered how to entice wealthy shoppers in terms of browsing and purchasing.


Affiliate Marketing 101 - Business 2 Community
Affiliate Marketing 101  Business 2 Community

Affiliate marketing can be described as outsourced marketing. It's a process that involves you hiring a third party who is compensated for bringing business to ...


Viacom Earnings Beat Estimates, Film Unit Loss Narrows - Hollywood Reporter
Viacom Earnings Beat Estimates, Film Unit Loss Narrows  Hollywood Reporter

Viacom on Tuesday posted better-than-expected fiscal first-quarter earnings, but revenue fell shy of Wall Street estimates.


How to Kick-Start Your Affiliate Strategy in 2019 - PerformanceIN
How to Kick-Start Your Affiliate Strategy in 2019  PerformanceIN

All Inclusive Marketing CEO Sarah Bundy shares her top tips to kick start your affiliate marketing strategy in 2019.


ABB Launches Blockchain Pilot for Solar Energy Sector - Cointelegraph
ABB Launches Blockchain Pilot for Solar Energy Sector  Cointelegraph

International electrical engineering company ABB has rolled out a blockchain pilot to explore how the technology could promote the role of solar energy in ...


BuzzFeed Makes $50M In Ecommerce Revenues 11/20/2018 - MediaPost Communications
BuzzFeed Makes $50M In Ecommerce Revenues 11/20/2018  MediaPost Communications

BuzzFeed's Chief Commerce Officer Ben Kaufman and his 65-person team generated $50 million in revenue this year by successfully combining commerce and ...


IAC-owned publishing company Dotdash grew revenue by 44 percent last year - TechCrunch
IAC-owned publishing company Dotdash grew revenue by 44 percent last year  TechCrunch

Holding company IAC just released its fourth quarter earnings report, which includes positive numbers for Dotdash, the rebranded company formerly known as ...


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