Earn More Residual Income by Diversifying Your Online Portfolio
For many people, the opportunity to make free money online seems almost too good to be true. They try earning money on one website, only to find that they are not instant millionaires at the end of the first month. They feel discouraged, think it is some kind of scam, or believe that only a lucky few knew the secrets to earning passive income.
I am here to share the secrets that many people, who have found success earning free money online, have discovered.
Want to know what they are?
It is called work.
It is called research.
It is called learning.
It is called diversifying.
Our Microwave Society
I am a person who can remember a time when you had to wait. It was called anticipation, and it is something that people born in our technological world don’t know about.
Once upon a time, when you took a picture, you have to wait an entire week for the developed film to return from being processed. With digital cameras, you can instantly see if the picture came out all right or if you need a retake.
Baked potatoes required one hour in an oven in order to be cooked. With microwaves, you can have potato in five or six minutes.
Coffee once had to be placed in a percolator on top of the stove. Now with single cup brewer’s like Keurig, you are 60 seconds away from a hot cup of coffee.
This “ instant mentality” is why many people fail in their attempt to earn free money online There is a lack of patience and the need for instant results that sets new writers up for failure.
Are you familiar with the folk tale Stone Soup? There are many versions of the story, but the basic outline is this:
A poor man comes to a village and is hungry. But no one wants to feed him. So in the middle of the town, he starts a fire, puts a large pot over it, and fills the pot with stones and water. The curious people gather around to see what the man is doing.Credit: www.amazon.com
He says out loud, “This will be the best stone soup, if I only had a few carrots.”
A villager says that she has a few and gives them to the man to put in the pot.
The man then says, “ Oh this soup is looking delicious. If only I had some celery, it would be perfect.”
Another villager runs into his house to grab celery and put it in the pot.
The story continues on for many pages, as each villager begins to share what they have. In the end, there is a big pot of stone soup.
How does this story relate to earning passive income online?
You need to start somewhere. Whether you decide to sign up with Info Barrel and write articles, or another site where you can write and earn, you need to begin. Once you have mastered a site, you can then move on to another one and another one until you have built your own online stream of income.
Here is the timeline of my journey for earning passive income. It highlights the most important things I have done to earn money online.
I signed up for Info Barrel and began writing articles on what I knew, not on any researched topics.
It was also at this time that I began my Girl Scout blog. I knew nothing about creating a blog, affiliate marketing or researching keywords; I just knew there was a need for this kind of site. At this time I also started two other blogs, but stopped adding to them by the summer. Three active blogs was just too much to take on at the beginning.
By focusing on one blog that I update several times a week, I have developed a following and reputation for my work on behalf of Girl Scout leaders. Products that I recommend and write about make income for me through affiliate sales.
I had heard about Zazzle and decided to create products. Being technically challenged, I found it hard, and to be honest, I was not patient enough to learn at the time. I do make sales on the merchandise I created, and imagine how much more I could have made if I had stuck with it.
However, I still earn money on the site as an affiliate. I have links on my websites to other people’s products, and I earn commissions when people buy. I still intend to master the site and product creation in the future.
I began writing shorter articles and bookmarking on Xomba. This was during a time when backlinking your article was important. I also wrote articles on Xomba that linked back to Info Barrel and my Girl Scout blog. Over time, Xomba stopped permitting bookmarks to your own work. It was then that I stopped using the site and eventually removed most of my articles from there.
In the Info Barrel forums, I had heard good reviews about Hubpages. I signed up and published my first hub. Presently, I have 53 hubs and intend to have 100 by the end of the year.
I also started another Blogger blog, but gave it up this past spring. I have decided that one active blog is what I can handle.
I created a static website on Blogger.
I joined the search and win website called Swagbucks. This is not residual income, but I do earn money for searches and tasks on the site. On average, I earn $20 of Amazon gift cards each month.
July 2011Credit: www.seekyt.com
After reading positive reviews in the forums on Info Barrel, I signed up at Seekyt. I found the site easy to use and published seven articles. It would be many months before I would publish there again, as I had other projects in the works.
I bought my first domain and began working on my very own website. It was very difficult for me, because I knew nothing about HTML, coding, and the WordPress platform. Because I wanted to prove to myself and my family that I could do this, I spent the better part of the summer creating my site. This required a lot of internet searches on how to change codes. My buddy Phil, was also very helpful to me. I finished most of the site during the summer, and by late fall it was done.
It was also during this time that I joined Commission Junction, Sharasale, and Linkshare to earn money as an affiliate.
I created an entirely new website, and this time it only took me three weeks, working on it a few hours a day.
During the days when Info Barrel did not have any AdSense, I created a free blogger blog. It is an experiment, because there is no AdSense, just affiliate links. I have a second one in the works to finish this summer.
Inspired by Skeffling’s incredible success, I joined Squidoo. I spent several weeks reading articles on how to make lenses and watching videos. This summer, my goal is to have at least 10 to 15 product related lenses.
I have over 100 lenses between my two accounts. I have earned two purple stars, am a Giant Squid and a Squid Angel, and even had a Lens of the Day in January! I am making progress in earnings and intend to earn more from Amazon as the year progresses.
In addition, I published my first book on Kindle. I’m very excited about this new avenue of income and have several other Kindle books in the works.
I joined Zujava, which is another online revenue sharing site. I put of four leaves, and wrote nothing for two months. Much to my surprise, I had made several sales! I became a Zubassador in January, and as of March 2, I have 52 leaves. The site has potential and I plan on having 100 leaves there by the end of the year.
Info Barrel will always be my first love. While there are many other websites for me to conquer, I will continue to earn my 31 points each month for the maximum revenue share. Then I will spend the rest of the month focusing on learning one new income stream after another.
Earning extra money online takes time, diversity and patience. By the time I retire, I will have a really big pot of soup!
Update June 2015
It has been several years since I first wrote this article, and quite a few things have changed.
First of all, as I chronicled in Can You Still Earn Money Online in 2015, many of the sites mentioned above are no longer in existence. Squidoo and Zujava no longer exist, Seekyt has changed hands, and Hubpages is still trying to please Google at the expense of many long-time internet writers.
However, despite the changes, I am still at home writing and earning. Giving up is not an option. There are ways you can earn money from the comfort of your home if you are willing to work hard and remember that this is a marathon, not a sprint.