12 Streams Of Income To Get You Started

Here are a few ideas to get you started into the world of online wealth generation:

1) Investing
If you have a job which brings a bit more than what you need for necessities, put aside 3 bucks every day and put it into a savings account. At the end of one year you'll have $1095 plus interests. With the help of compound interests, you can even stop putting money into your account after a while and it will keep making money for you over time. You will be making interests on interests.

You can also make other kinds of investments that may bring you more return on your investment. Be aware though, that the higher the possibility for return, the higher the risks. More secure, less return. You may be interested in bonds, stocks, realty, buying a business, etc.

2) Affiliate Programs
The great thing about affiliate programs is that you can sell products without needing to keep an inventory, do invoicing... All you do is promote your referral link, and get paid a certain amount on every purchase made through that link.
A good source of affiliate programs can be found through Clickbank or Commission Junction. You can also do a web search for "affiliate program" and you will find many, many opportunities, in many different niche markets.

3) Online Auctions
If you have your own product, or maybe you have items in your house which you no longer use but that may still be of value to other people, online auctions can be a great tool. Ebay is probably the most widely used online auction site, but there are others you may want to consider.

Some people have made quite a bit of money by starting their own "Ebay business". They buy good stuff that they find in garage sales or "offline" auctions, or they buy in bulk and sell at a profit. You can even set up an easy-to-use online store on Ebay or Yahoo. I suggest getting the book "Starting an Ebay Business For Dummies" by Marsha Collier if you are interested of going in that direction.

4) Sell your own product
You may want to write an eBook and sell it on your website, on Ebay, or on eBook libraries. If you manufacture or craft your own products, a website is definitely the way to go. You might also use a pre-made online store on Ebay, Yahoo!Shops or one of the many others.

5) Paid surveys
Most survey sites pay you 2-3 bucks for a completed survey, but some pay up to $50 or even $100 for a single survey that may take you 30-60 minutes to complete.
Since most survey sites will only send you a few surveys per month, registering to as many survey sites as you can will increase your likelihood of you taking enough surveys to be worth your time, and money.

6) Paid to complete offers, to surf the net
There are some sites like Treasure Trooper, Snap Dollars, Cash Crate, Instant Profitz that pay you to complete offers. You fill in a registration form, a trial membership, download an eBook, request a free sample and you get paid a few cents to a few dollars for every completed offer.

Some sites have more offers than others, and similar offers are often seen on different GPT (get paid to) sites. Most of them will also pay you when you refer people to them which is probably why young people with lots of friends tend to like these kinds of sites.

7) Multi-Level Marketing (MLM)
If you like selling, MLM might be for you. Most MLM companies offer you to sell a product and/or a business opportunity. You sell someone a product or range of products(like natural products, vacation packages, web site hosting, etc.), and show them how they can make money the same way you are making yours. Usually you will get paid a share of everything those under you sell.

If you are active to promote "your" business, this might be a profitable endeavor for you to look into.

8) Start a business
Have an idea for a product or service to sell? Start your own business! It can be a brick and mortar business, but you might want to take advantage of the internet and put your business online.

9) Sell advertising on your web site
If you have a popular web site, selling advertising on your site can bring in some hefty dough. The Adsense PPC (Pay-per-click) network is well-known and widely used. It is also very easy to implement on your site. Yahoo! Publisher Network(YPN) offers a similar system.

10) Accept donations on your site
Your visitors get some great information, tips or free tools on your site... why not give them opportunity to experience giving as well! :) Setting up a PayPal donate button is an easy thing to do and can be implemented quickly.

11) Sell your old stuff by having a yard sale
Just like online auctions, yard sales can be useful to rid yourself of stuff you no longer need or want. It might not be a stream that will last very long, but it's a great way to clean up your home!

12) Freebies/giveaways
Ok, not really a "stream" of income, more like a "possible sudden pile" of income, but who doesn't like free stuff?

Those were just a few simple ideas to get you started.

Having multiple streams of income will keep money pouring into your bank account whether you are at your desk, asleep or on vacation. No longer will you have to work at a dead-end job that you hate, working on someone else's goals rather than your own. You will have more time to spend with your family and live your life the way you want to. Make sense?

The most important thing to remember from this article is: get started right away! Don't wait until everything is perfect; the sooner you set up an automated system, the faster you will start making money, even if it may seem minimal in the beginning.

To the best of your success.