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Multiple Income Streams From Niche Markets
Multiple income streams; exciting words, but what does it mean in every-day English? In the world of Niche Markets in Internet business, multiple income streams simply means having more than one source of income. This is achieved by making money from more than just one online business. Each different web site would generally be a different business. They could relate to each other, but not necessarily. You could have businesses that have nothing to do with each other. Both methods are quite successful. Let's examine different scenarios. How to market unrelated products? In the offline world, we are quite accustomed to seeing a little bit of just about everything sold in department stores, from razor blades to baby clothes to fashion dresses to living room furniture to washers and dryers, and so on. Is this how it is done in the online world? Absolutely, but it is not the only method. Mega Internet stores have evolved in such a way that to compete, you must be huge, and have tons of money to finance the operation, including the cost of the ever-changing web site. The competition and horrendous costs leave no room for the little guy, so he has to find another way to do business. Enter the newcomer, looking for a way to make a living on the Internet. Seeing he can't compete selling a large mix of hard goods and soft goods, he can decide on a "niche" product to market. A niche product simply means specializing in one key product, or just a few related products. This concept applies to both hard goods (items that must be shipped), as well as to downloadable information products. This opens up a whole new world of possibilities, and it means a whole different way of conducting business. Specialization is often achieved using mini-sites that sell only one product. The mini web site might have from one to five pages, but usually just a single page. Your information product that you want to sell needs a web site, hosted by a web hosting provider that provides youtheir service at a reasonable cost. Let's assume you started selling your product, and after a few months it is bringing in some income. It might amount to $1,000 up to $3,000 per year. That's not too bad, and is worth keeping, but certainly not enough to make a living with. This is where the concept of multiple income streams comes in. During the months that your business is building, you could be looking for other ideas. You find one that excites you, and more importantly you do the research and discover a good potential for attracting customers. So you go ahead with a second web site. You have now achieved multiple income streams! Over time you have other great ideas. Actually, you are now up to four web sites with different ideas. Two of them are related information products, and the other two are hard goods. All four are successful. Each one separately does not make enough to live on, but the combined four bring you in respectable dollars. But how are we controlling our costs? This is important to do, seeing we have the cost of some advertising as well as the web site costs. We found it necessary to build a customer list for each different product, and periodical emails are sent to your list. All these costs can become quite extensive, almost prohibitive. So, what do we do? How can we maintain our buinesses, yet keep our overhead down to where it isn't cutting hugely into profits? One critical aspect to look at is your hosting and to look for a web site hosting service that includes all or as many tools that you need in order to do some serious Internet business. The tools aren't all you need to consider. Sure having a hosting service that gives you an autoresponder is certainly a huge help. But, we have four sites here to market and at the average rate of $24.95 a business, that's close to $100 a month, a pretty steep bill especially if you are just starting out. Now we are looking for a host that will provide all thetools we need to run our businesses, plus we want one thatwill allow sub-domains in case we have closely related businesses. Can we get it all at one low and affordable price. In addition to the tools we need and the overall hostingpackage we need for FOUR businesses, we are all aboutmultiple income streams, so let's see if there is a way tobenefit (PROFIT) from the hosting company as well. Many hosting companies now offer an affiliate program where you can earn a commission by referring a business and gaining customers. That's pretty much a given, however the KEY is to ensure that the commission is recurring and not just a one time commission. Not sure what I mean about recurring income? Check the link out below for more information on recurring income streams This is all great but the question now "Is there really a hosting company out there that will give me all the tools, let me host multiple sites for one reasonable price AND on top of that let me build another income stream?" The answer is yes and you can read my review of RecurringIncome Streams and how a company called "ThirdSphere" is anexcellent example. At the same time you can learn the difference between Multiple Income and Recurring Income Streams.Read about it here: http://www.bestaffiliateproducts.com/thirdsphere.html Having Multiple Income Streams using Niche Marketing is mandatory in today's Internet Marketing world?that is, if you want to make any serious money. Internet Marketing today has become much too competitive, and the newcomer has very little chance of breaking in. Niche Markets, each with their own web site and relevant content is THE best solution. Niche Marketing is the hottest topic on the Net today. Niche Marketing is featured on my web site at Best Affiliate Products, and you can learn much more about it there. I'll see you soon, in Niche Country. Fred Farah - Copyright 2004 Best Affiliate Products and Niche Market Strategies
Latest News:Site: Yahoo! News Search Results for news Myanmar's Suu Kyi to get family letters, news mags (Reuters via Yahoo! News) Detained Myanmar opposition leader Aung San Suu Kyi has managed to wring small concessions from the ruling generals in the form of letters from her family and some international news magazines, her lawyer said on Friday. JCDecaux in talks for News Outdoor Group in Russia (AP via Yahoo! News) French outdoor advertising firm JCDecaux SA said Thursday it is negotiating to buy Russian rival News Outdoor Group from global media company News Corp. News Corp tightens grip on Premiere with new CEO (Reuters via Yahoo! News) Rupert Murdoch tightened his grip on German pay-TV broadcaster Premiere by appointing News Corp executive Mark Williams as CEO in a move to get the company back on track. SEC Looks Into UAL Stock Scare; Implications For Online News? (CBS News) A ton of digits have been devoted to this in other spots but the SEC's decision to investigate takes it to another level. The backstory: a six-year-old news story about UAL declaring bankruptcy made it into the Tribune-owned Sun-Sentinel 's current news flow, was picked up by a Google (NSDQ: GOOG) News bot and, via a reporter for a newsletter, made it onto Bloomberg News. After a lot of buck ... JCDecaux and News Corp. in talks to combine outdoor ad groups (International Herald Tribune) The News Corp. chief executive, Rupert Murdoch, has recently expressed nervousness about investments in Russia, where News Outdoor generated the bulk of its revenue last year. Asia Markets: Financials in rally mode, as Lehman news helps (Market Watch) Asian markets advanced early Friday, with financials such as Mizuho Financial Group and Macquarie Group rallying after a rebound on Wall Street and on news Lehman Brothers was looking for a buyer. SEC Looks Into UAL Stock Scare; Implications For Online News? (paidContent.org via Yahoo! Finance) A ton of digits have been devoted to this in other spots but the SEC's decision to investigate takes it to another level. The backstory: a six-year-old news story about UAL declaring bankruptcy made it into the Tribune-owned Sun-Sentinel's current news flow, was picked up by a Google News bot and, via a reporter for a newsletter, made it onto Bloomberg News. News Corp says Mark Williams interim Premiere CEO (Reuters via Yahoo! News) News Corp. executive Mark Williams has taken over as chief executive of German pay-TV broadcaster Premiere in an interim capacity, News Corp. said after the move led to renewed takeover speculation. News Corp. says Mark Williams interim Premiere CEO (Reuters via Yahoo! News) Mark Williams, a News Corp. executive named late on Wednesday as chief executive of German pay-TV broadcaster Premiere, has taken over in an interim capacity, a News Corp. spokeswoman said on Thursday. JCDecaux in talks to buy News Corp. billboard unit (AP via Yahoo! Finance) In a deal that would create the world's largest outdoor advertising company, French conglomerate JCDecaux SA said Thursday that it is in talks to buy Russian rival News Outdoor Group from global media company News Corp. Site: news - Google News 2009 Automotive News World Congress to Address Most Complex ... - MarketWatch
MORE RESOURCES: Site: Yahoo! News Search Results for affiliate revenue Top 1,000 Shoppers Will Share in 25% of Total Site Profit/Revenue (PRWeb) Top 1,000 shoppers will share in 25% of total profit generated by epricesearch.com. Internet entrepreneur Kevin Adams of Dallas, Texas provides a fundamentally better way for consumers to shop. A new website set to change the way internet advertising revenue is distributed by giving a large portion back to the shoppers/members. (PRWeb Sep 11, 2008) Read the full story at ... Top 1,000 Shoppers Will Share in 25% of Total Site Profit/Revenue (PRWeb via Yahoo! News) Top 1,000 shoppers will share in 25% of total profit generated by epricesearch.com. Internet entrepreneur Kevin Adams of Dallas, Texas provides a fundamentally better way for consumers to shop. A new website set to change the way internet advertising revenue is distributed by giving a large portion back to the shoppers/members. AsiaTiv Offers White Label Affiliate Program for Travel Partners (PRWeb via Yahoo! News) AsiaTiv.com, a highly popular hotel reservations portal offering a lowest rate guarantee, has announced that it is now taking an even more active role in its goal of helping its clients to succeed by providing a high-performance room reservation system built on a foundation of flexibility and scalability through a new affiliate program offering fully managed white label services. Fitch Rates $90MM ThedaCare, Inc. (Wisconsin) 2008 Bonds 'AA-'; Outlook Stable (Centre Daily Times) Fitch Ratings has assigned an 'AA-' underlying rating to approximately $90 million of Wisconsin Health and Educational Facilities Authority revenue bonds, series 2008, issued on behalf of ThedaCare, Inc. (ThedaCare). Additionally, Fitch assigns an 'AA-' underlying rating to approximately $175 million of outstanding revenue bonds issued on behalf of ThedaCare. The Rating Outlook is Stable. Fitch Rates $123.270MM Oklahoma Capital Improvement Auth State Facilities VRDBs 2006D 'AA-/F1+' (Centre Daily Times) Fitch Ratings assigns a rating of 'AA-/F1+' to the $123,270,000 Oklahoma Capital Improvement Authority state facilities revenue bonds (Higher Education Projects) multi-modal variable rate demand, series 2006D, consisting of: Fitch Rates NCMC's (Colorado) $55.5MM Revs 'A+'; Outlook Stable (Centre Daily Times) Fitch Ratings has assigned an 'A+' underlying rating to the Colorado Health Facilities Authority's approximately $55.5 million hospital revenue bonds (NCMC, Inc. Project) series 2008A&B. The 2008A&B bonds are expected to sell via negotiation during the week of Oct. 14 and will be issued as variable-rate demand bonds backed by a letter of credit. In addition, Fitch has affirmed the underlying ... Fitch Confirms Intermountain Power Agency VRBs, Ser 85E & F Maturing 2014 & 2015 'AA-/F1+' (Centre Daily Times) Fitch Ratings confirms the 'AA-/F1+' rating assigned to the Intermountain Power Agency (IPA) variable rate power supply revenue and refunding bonds, 1985 series E maturing July 1, 2014, and variable rate power supply revenue and refunding bonds, 1985 series F maturing July 1, 2015. The confirmation of the rating is in connection with a substitution of the standby bond purchase agreement (SBPA) ... Fitch Rates Indiana Municipal Power Agency's 2008A $30MM Rev Bonds 'A+'; Outlook Stable (Centre Daily Times) Fitch has assigned an 'A+' rating to Indiana Municipal Power Agency's (IMPA) $30 million power supply system revenue bonds, series 2008A. Fitch also affirmed the 'A+' rating on IMPA's $1 billion of outstanding parity power supply system revenue bonds. The 20-year fixed rate bonds are scheduled to price Sept. 25. Proceeds from the series 2007A bonds will fund capital improvements to IMPA's ... Fitch Rts $397MM AZ Health Fac Auth Revs (Banner Health), Series 2008 E-H 'AA+/F1+' (Centre Daily Times) Fitch Ratings assigns an 'AA+/F1+'rating to the following series of Arizona Health Facilities Authority revenue bonds (Banner Health) $124,195,000 weekly rate securities: Fitch Rates $90MM ThedaCare, Inc. (Wisconsin) 2008 Bonds 'AA-'; Outlook Stable (Business Wire via Yahoo! Finance) NEW YORK----Fitch Ratings has assigned an 'AA-' underlying rating to approximately $90 million of Wisconsin Health and Educational Facilities Authority revenue bonds, series 2008, issued on behalf of ThedaCare, Inc. . Site: affiliate revenue - Google News Generating Affiliate Revenue with your Payment Provider - SMEweb
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