How Many Hours Of Sleep For A 4 Year Old Book Summary – Multiple Streams of Internet Income – Written by Robert Allen

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Book Summary – Multiple Streams of Internet Income – Written by Robert Allen

Robert Allen is a successful writer and investor. He has written several published and previously reviewed books on Success Progress. This book is now 5 years old which is old in internet years. So I’m going to review a portion and give updated tips on internet strategies to make money.

Why is this important to me? I understand that I am asking you to spend 6 minutes with me on this video and then potentially a couple of hours reading this book. So the content must be worth reading. With that said, the content of the book is well worth the time. Years ago, a spouse could work and support the family. This country had what was called a middle class. Then we moved into the “DINK” era which is the dual income with no kids. So both spouses worked to make ends meet. Today, you have both working spouses and their families are still drowning in debt and suffering from money problems. Creating multiple streams of PASSIVE income is important if you want to get out of the rat race and provide for your family. Contrary to popular belief, this takes work and focus. Typically, when you hear about overnight success, they never tell you about the previous 10 years they spent kicking their ass.

Creating multiple streams of income takes time but once you start doing it, you will see the power of passive income and compounding. Investors like Robert Allen and Robert Kiyosaki have typically done this with real estate rentals. Robert Allen pioneered the billion dollar no money down real estate market. In my humble opinion, I think that the Internet offers many more exciting opportunities with less risk. If anything, you can start building monthly cash flow from the internet and pack it into real estate cash flow. This method will make you rich if you put in the time.

I’m a big fan of the three stooges. This is the case because my mental capacity is adapted. The question then becomes, how do we start making money on the internet? I will save you hundreds of hours and thousands of dollars with one word – CONTENT. Don’t spend money on traffic software, Google Ads or anything else until you understand that content is king. The reason the Stooges have been known for over 70 years is because of their content. Good content persists.

Enough with the esoteric stuff, here are some things you can do right now to dive into making money online.

1. Content – everyone is unique and you need to start there. If you have a passion for a particular sport, hobby or animal then start there. Start thinking about throwing everything you know about this particular thing. A brain dump is where you take a sheet of paper and pencil and just start writing words that come to mind about your particular topic. Don’t worry about the organization. That will come later.

2. research – now we want to do some research. That’s why the internet is so strong. In the past, when you wanted to sell something, you had to call, knock on doors and send mail. Today, the prospect funnel is already out there and all you have to do is use Google to start tapping into it. You can use the Google AdWords tool. Simply “Google” AdWords and you can put in websites or themes and see how many people are searching for that topic. This is very strong because if your content is good and millions of searches are happening every month then you are on your way to building an income stream.

3. List building – your critical list and where the money is. Do not buy an email list from brokers. Don’t spam. Don’t try to take the easy way out on this one. Building a good list will take time but if you supply the list with good content then it will pay you back 10 fold. You want to gather a following so start writing short articles on your topic and start submitting them for article positions. Sites like EzineArticles are free article sites that will help you build traffic to your site. You can create an article and submit it to many free article sites. See article marketing for more details.

4. Social Media – Creating social media content is critical to creating and helping your revenue generation. Facebook, LinkedIn and Twitter are good places to start. Coordinate all of this with the traffic you are building.

After you have some content and research your market, you need to know the end game. How will it be monetized?

1. Free Partial E-Books – You can write an e-book on your topic and give the first few chapters for free and pay for the entire book. Imagine selling a $2.95 e-book and offering it to a list of 200,000 people. If you get a 5% sales percentage then you just made $29,500. There is power in small numbers. McDonald’s is a billion dollar business that sells 99 cents.

2. Affiliate – did you know that you do not have to sell, collect, pack or ship anything? One of the largest and most trusted affiliates is Amazon.com. There are others like Clickbank and Commission Junction that you can check out as well. You simple link to the affiliate product or service and as people buy, you get paid.

3. Advertising – Google and YouTube will pay you to have ads on your site. How cool is that? When you watch a YouTube video and click on an embedded ad, the video creator gets paid. Can you hear the money coming into your account while you sleep?

4. Mobile Apps – Mobile apps are a huge opportunity. I’m getting my feet wet on this now and will share successes as I go. If you think about the iPhone, the iPad, Android phones and tablets, the sheer size of the opportunity is enormous.

Everything I talked about today is free to do. Once you start pumping together and building then there are cheap paid services such as Traffic Geyser, IContact and Keyword Spy that will help you in your quest for Internet streams of income. You will need to invest in a website and some design work. There are cheap outsourcing companies that can help you with this. Remember that you need to run this as a business and set realistic goals for yourself. If you are in a position that you hate your job then set a goal for a year to leave. In this time, work on your content, website, marketing and list building activities. If you give yourself a year then you will make money.

I hope you found this short summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habit formed in 21 days. One thing you can take away from this book is CONTENT IS KING. People want good content. People love to buy and hate to sell so when you have good content then they will love to pay you for it.

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