Where Does Affiliate Marketing fit in with Multiple Streams of Income?
By Anthony Docherty    www.web-entrepreneur-solutions.com

The Importance of Multiple Streams of Income

Any prosperous person out there; be that Richard Branson or Bill Gates, knows the importance of having multiple streams of income (MSI’s). If you possess MSI’s then you are already, or, are on your way to being a wealthy individual. However, it is not just a case of having one or two streams, but several; if one slows down or dries up altogether then others can carry on regardless, enriching your life continually.

Incidentally, it doesn’t have to mean you need to possess the desire to be incredibly wealthy like the gentlemen I mentioned above. It could just simply be the case that you want to gain control of your finances, e.g. pay your debts off or just not have to worry so much about paying for life’s basics. The importance of having MSI’s is still just as essential in the latter case.

The question then you must pose yourself today if you want to become wealthy or have control is: do I possess multiple streams of income?

The Importance of Residual Income

The term residual income (RI) pops up a lot in literature and on the internet, all it actually means though is recurring income. Its income that continues to flow whether you’re there or not, e.g. the interest paid on your savings account at the bank or dividends paid on shares you own.

The importance of RI is that for each of the MSI’s above, each stream should be functioning on a residual basis. These streams require all the time and effort at the outset i.e. from the idea, to the planning, to the implementation, to the checking and refining then they are finalized and left on "autopilot".

You then need to do very little to them after this point, they work for you instead. You can then begin your next residual income stream and so on and so forth.

This leads to the final questions. Do I have MSI’s? If so, are they on a residual basis?

Where Does Affiliate Marketing Fit In?

Affiliate Marketing fits in perfectly, you don’t even have to set up a residual stream that generates a lot of profit and I’ll tell you why.

Think about it, set up 100 income streams of $1000 per year profit each and you would be making $100,000 a year. Now, think about that more closely…

For an income stream to generate $1000 per year you need to be profiting $83.33 per month ­ how possible is that? Very. Just with Google Adsense revenue from a reasonably visited website would generate that $1000 a year stream ­ and likely a lot more.

Affiliate Marketing allows you to set up these multiple streams of income without actually owning the products or services! Couldn’t be better!

You’ve got your whole life to set up these streams too ­ I’m not talking about overnight success here. If you think this comes overnight you’d better go up the corridor to that "Let’s All Live in the Clouds" seminar.

So, returning to my $1000 a year point, if you could set up a stream generating $1000 per year, could you make it turn into $2000 a year or $166.66 a month? Of course you could, now you only need fifty $2000 a year streams to hit your $100,000 a year target.

Now, upscale each one and it doesn’t take a genius to see that not only is $100,000 a year an achievable target - it may also be an easy target. $200,000 a year doesn’t look far off either does it? How about $500,000?

I’ll leave that for you to ponder over.
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Anthony operates www.web-entrepreneur-solutions.com offering Web Entrepreneur Resources For E-Business Success. Find out how to become a web entrepreneur the right way. Practical personal development and web business building advice.