Now while the main Cash On Demand elements of your business includes developing a funnel consisting of a front end product followed by several back end high margin products…
…it is also useful to look at setting up other smaller forms of additional income. In other words:-
MULTIPLE STREAMS OF INCOME!
I love this expression because I’ve been living it for years. I especially like the idea of harnessing the power of the ‘multiple’ to grow your income multiple times over.
In a nutshell, multiple streams of income means you have more than one way to make money through your cash on demand business which enables you to literally:-
Make money while you sleep…
And that gives you a big advantage because you’re no longer stuck in the traditional Time = Money Rat-Race. In a traditional business, the amount you make is tied to the time you can work.
That’s a big drawback because when you aren’t working, you aren’t making money.
So when you’re on holiday, relaxing over the weekend or sleeping, no money is coming into the business.
But let’s say you create simple little income streams which take just a few hours or days to set up but after which you can leave them on autopilot. Now you’ve just created a PASSIVE INCOME STREAM (passive meaning it doesn’t require yours or anyone else’s time).
So if you are taking a nap or out walking the dogs, or on holiday for a month, money can still be coming into your cash on demand business account.
It enables you to leverage your time…
Basically you’re making money WITHOUT it taking any of your time. Therefore, you can spend your time doing something else and still enjoy money coming in from a passive income stream.
This is a good way to use your time wisely. Rather than work for an hour, get paid for an hour, you can be paid several times in several different ways during that same hour.
For instance, although I have Millions Of Pounds coming in each year from my Cash On Demand style businesses, I also have little projects that bring in additional revenues.
These incomes tend to cover ALL of my bills … hosting of websites, domain names, website designers etc.
Useful little bits of income that TAKE NO TIME TO SET UP but which can bring in a FEW THOUSAND POUNDS A MONTH!
For example, at a workshop I spoke at as a guest speaker, I mentioned a particular tool that I use.
As I was someone who uses the tool I was happy to endorse it. I therefore signed up for the tools affiliate program before the workshop and when I spoke, I gave out a URL that I now own which took the visitors through my affiliate link so I got a small commission on any sales which resulted.
It took me almost no time to set up … maybe 15 minutes tops … but already this month I just got a cheque for $2600 through that little affiliate link.
That’s around £1,300 a MONTH for DOING ALMOST NOTHING!
Now that may seem like very little but £1,300 a month is a quick £15,600 A YEAR … for 15 minutes work … and work that I did just once! And of course this is just one little affiliate link.
Another similar affiliate link I have brings me in around $1300 a month … month in, month out. Another £750 A MONTH … or £9,000 A YEAR … once again for doing just 15 MINUTES of work on that one too.
All these little incomes soon add so that before you know it you could be taking £10,000 A MONTH FOR DOING NOTHING – £120,000 A YEAR!!!
Which is why its important that you different income streams like this while you are building your main Cash on Demand business. One of these is by making use of Google …. basically getting Google to pay you money!!
Now as you may know one obvious method of generating targeted cash on demand traffic to your web site is to use articles to create a standalone content based site which will then direct people across to another site off yours which is basically your one-page cash on demand sales letter with a simple order form.
However, even if you DON’T HAVE A PRODUCT TO SELL YET you can still use content based sites to make money out of thin air thanks to a simple little idea from Google – AdSense!
Now you may be familiar with Google’s Adwords method which is a way of actually getting paid yourself when someone clicks on ads on your site. Think about what that could mean. Imagine if you could actually deliver up high paying Adwords ads on your site which look like they are part of your cash on demand site. Yet when clicked on what if YOU got paid … AUTOMATICALLY!
YOU do NO work at all … you literally just sit back and take the money!
Sound interesting to you?
Well that’s exactly what’s possible. Yet another indication of how the power of the internet, as an advertising medium, has exceeded all expectations.
The technology keeps advancing, and the popularity and acceptance of the online ads is incredible.
Which is why making money with Cash On Demand products has never been easier. I know this myself.
I can now make SEVERAL HUNDRED THOUSAND POUNDS literally within a matter of DAYS online which probably would have taken me a whole year to achieve online.
The internet allows us to reach a GLOBAL audience at never-before-possible speeds…
Furthermore, we can do it using many different kinds of ‘filters’ to make sure the RIGHT AUDIENCE sees the RIGHT MESSAGE! In short, today we can reach highly targeted individuals which in turn means we’ll get a high conversion rate (i.e. converting from interested prospects to paying customers).
And we can do it with COSTS THAT ARE RIDICULOUSLY LOW!
While there are many ways to approach online advertising, it makes sense the best would be offered by the ultimate search engine company, the company that is setting out to organize all of humanity’s vast amounts of information … Google.
Or to be more precise, using Google AdSense…
As I said, you may have heard of Google Adwords, but the difference being, with Ad Words, Google makes a lot of money, whilst with AdSense, web publishers .. that’s you and me remember (web site owners) … can reach a lot of people and make a lot of money too!
In short, imagine making five or ten thousand pounds a month with your cash on demand business automatically and being paid by one of the biggest Internet companies in the world.
So what exactly is Google AdSense?
Google AdSense is an ad-serving program that literally places ads that “make sense” to your particular niche of visitors.
Specifically, ads that make sense based on your related content, and based on assumptions about who might be interested in your website content.
In fact, AdSense is a perfect add-on to the principles of Cash On Demand where we identify a hungry group of people and then feed them something they want. Using content based websites to do this is an exact fit with the niche cash on demand marketing principles.
If you have a website about Custom Cars for example, you might feature an ad for fancy wheels or car care kits. On a website about 4×4 Off Road Vehicles, you might have an ad for heavy duty tyres or customisation products.
A Golf Site might advertise golf clubs and golf equipment … and a Swimming Pool Site might have ads for pool chemicals or pool toys.
Online niche marketing in this way, just means marrying the ad that you serve up with the niche market interests of the website’s audience.
The same way as your one page sales site would offer EXACTLY what the audience are interested in, in a laser-sharp way.
In fact, the content of an ad can be even more finely honed than just relating to the overall topic of your niche cash on demand website. Ads can be laser targeted right down to the content of that particular page.
Which is why anyone who wants to make money … additional multiple income streams that is … the cash on demand way, should seriously consider running several Google Adsense campaigns.