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Agenda : You don’t need to put all your eggs in one basket. Think multiple streams of income. In this post I actually have six different streams of income. Can you count them all? Here’s a list:
- Google Adsense ads (pay per click and pay per impression advertising)
- Text Link Ads (sold for a fixed amount per month)
- Chitika eMiniMalls ads (pay per click)
- Affiliate programs like Amazon and LinkShare
(commission on products sold, mostly books)
- Advertising sold to individual advertisers (three-month campaigns or longer)
Note: If you’re reading this article a while after its original publication date, then this list is likely to change. I frequently experiment with different streams.
Adsense is my biggest single source of income, but some of the others do pretty well too. Every stream generates more than $100/month.
These aren’t my only streams of income though. I’ve been earning income online since 2005. With my online website business, I have direct sales, royalty income, some advertising income, affiliate income, and donations (from the free articles). And if you throw in my wife’s streams of income, it gets really ridiculous: advertising, direct book sales, book sales through distributors, web consulting, affiliate income, more Adsense income, and probably a few sources I forgot. Suffice it to say we receive a lot of paychecks. Some of them are small, but they add up.
It’s also extremely low risk — if one source of income dries up, we just expand existing sources or create new ones. I encourage you to think of your blog as a potential outlet for multiple streams of income too.
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