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.
Credit: Photo from pixabay.comStone Soup
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.
Credit: infobarrel.comCredit: zazzle.com
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.
November 2010 Credit: www.amazon.com 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.
May 2011 Credit: swagbucks.com 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.
June 2012 Credit: www.squidoo.com 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. Credit: www.amazon.com 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.
Thank you! Rome wasn't built in a day, and neither is residual income. Just continue to write and learn, and when you have this site down pat, then it is time to explore another way to add revenue to your arsenal. Thank you for reading!
Thank you, mommyx3! This was an interesting look at your journey as an online writer! It is very similar to the wide variety of things I have done to create residual income. When I look at my annual income during the past three years, it has grown by at leat 40% each year ... which is very encouraging. You just have to stick with it!
I know how buys you are with your blogs and Kindle books, yet still come here to IB. It is so important to diversify...it makes you get out of your comfort zone and will help you earn more over the long haul. You already know the secret...sticking with it!
Great article! I too, go for my 31 points and then try other things. Diversifying not only helps with new income streams, but it helps us to learn too. It was not that long ago that the most technical thing I had done was scan something into the computer for ebay! You are so right about patience.. My kids couldn't imagine waiting a week for pictures to develop, and yet that was the norm.
Thank you ajsbooks! It is gold because it augments what you are already earning without taking a second job after your regular job is over for the day. You can also earn while watching TV, while on vacation, while your out and about or while you are at the job you want to quit. My online income helps my family pay bills and buy the extra goodies that, due to the recession, I had to say "no" to. Mommy likes to say 'yes"!
What a wonderful genius article, well done on the feature! And this is so True triple Mommy about the waiting and the diversifying! And earning money passively while you work your job you want to leave it so true, that guves you a little buzz when you realize you are doing that and one step closer to never going back!
My journey looks so incredibly like yours but just in a slightly different order! And thank you so much for the kind mention! I hope Squidoo is starting to take off for you now!
I just turned down a job at my synagogue's preschool because it would take time away from writing, volunteering, and taking care of my family. It is nice to have my online income permit me to say "no"-especially since I sub in the preschool and I get paid the same as if it were my class!
No sales on Squidoo yet, but I do have an article that has multiple blessings and a lot of likes! I am still writing to get a feel for it, and will focus more on products once the kiddies go back to school. I want to be like you! Thanks for all of your support.
I am so glad you are starting to earn some freedom. It it wonderful to have choices and options.
No problem with the help, you know where I am! I am sure you will be fine wherever you do this. It seems to me we have that to get fluent in the language and behaviours and gain the confidence for online success, then they can be applied to many other ventures online.
I started Triond then squidoo then hubpages then back to squidoo (sticking with squidoo) and now on infobarrel, I am only really using squidoo so hopefully i can diversify using infoabrrel. I can already see a great community of writers
This was amazing!!! I think you covered every base imaginable for start-ups. The emphasis on WORK is the highlight. I also would have given you a thumb for the title ALONE! You're still getting one, but it's for everything here. Great piece!
Thank you, Vic! It is such a hard message for people wanting to earn money online to absorb-this is WORK. It takes TIME. There is no EASY way to success. Yeah, I write articles in my pajamas, but it is still work. And it has taken me over two years to get where I am today. As always, I appreciate your comments!
Thank you, Ryan! I appreciate you taking the time to read my article. Anyone can start earning if they write, learn, research and learn some more! It is a process that continues as the internet changes.
I wish I would have found all of you guys a year ago! You are so inspirational! This article was extremely helpful. Thank you for sharing. I can really relate to creating a number of blogs and having it be just way too much to handle. Although my health problems do interfere, mostly I get distracted elsewhere. I think I need to map out what's on my plate.
I try to focus on one place a day. If I write a lens on Squidoo, then I comment and like items and do research for the next lens. I write for IB on other days and squeeze in a Hub or article on Seekyt. My blog is my passion and I love it! I now have to figure out time for my next Kindle book. Writing that will mean dropping some other things...but not IB!
Thanks for sharing your "recipe" for online success, mommyx3! Meaningful action, diversification, persistence, and time. Couldn't agree more. It's great that your hard work is paying off! Congratulations on the feature!
Thanks for the article and story. I am in my first few months of attempting to earn passive income online. InfoBarrell is my first step in doing that, and it does take some work. Congrats on the feature! Keep up the good work!
Thank you, WebAddict! I do write in many places, but you truly needs a good library to earn from any of them. Since I do not outsource, it takes me longer to see bigger results.
I highly recommend niche writing. It can become a profitable passion!
Thank you for reading! If you keep in mind that this is a marathon and not a sprint, you will be fine. Pennies turn to nickels, which turn into quarters and then dollars. Good luck and stick with one place in the beginning.
Great article! I definitely agree with the idea that any type of making money online involves that keyword known as work. The good thing is this will separate those who are willing to "earn" the reward of online income. I'm fairly new to the article writing and SEO world but I hope to learn more from others and share my experiences.
Thanks for sharing. Indeed, some still search for faster ways to earn money, but in the end if you have nothing to offer, if you don't help others with your products/services/skills, it's not possible to have those money that you need. Thanks again for sharing with us your experiences.
Diversify is way over my head right now, I just started on IB, waiting for approval of my second article... So my first goal is writing 10 articles; 8 to go, during holiday-times, I have to plan my writing time but I'm determinated to do it, I'm really excited about IB!
So what's the deal with the 31 points? Or is it not important for me yet, because I don't earn money from my fresh, newborn, first article, LOL?!?
What a fabulous article. I think that if I start small and commit to 3-5 articles a day that I will start generating a nice passive income. You can't really earn anything unless you start somewhere right? Congrats on your eBook as well. I'd like to do this in the future.
Really love this article, Thank you! I've only been here a little over a week, 7 articles I think and I sweated on these...not always easy getting the right words from my head to the page. It's tempting to try and do it all at once, but I'm thinking I'll just stick here with IB for know, because I have been totally hooked in (This place is like an addiction) and maybe set up a blog site (slowly)purely about all the different lesson plans I use as an ESL teacher. We as ESL teachers spend so many hours scouring the net for usable classroom activities. I looked at squidoo but if I'm honest with myself, for the time being IB is enough to find my footing.
Thank you for reading! That is how I started. I used a free Blogger blog and linked all of my Girl Scout articles from IB and other sites. I also added my own original posts. You should try that and see how it works. Don't forget to interlink your related articles, too.
Thank you for this article. It is very inspiring. I have a goal to publish 25 article on here this month. I am at 20 now with two pending. That leaves me only 3 more to go and plenty of days to do it. I am also going back to all my old articles that I did not add pictures too in the beginning and doing so now. I am doing this one article per day. I have a goal of reading 3 articles from other people as well each day. I am leaving comments, but not for the achievement points. I am learning a lot from what all the other members of Infobarrel are doing. You are one of my inspirations.
Thanks for sharing this information. It shows that there is no shortcut to success. Appreciate all the hard work you have put in.
I am new to IB and I just found out there is so much I can do after reading your article. Thanks again. :-)
This was an inspiring read. I managed to write seven articles my first month, so my goal this month is eight. I've learned lots from all of you who kindly share your strategies and experiences - thank you!
You make an important distinction between getting a job, and building up residual income. Having a job is instant money, and some people need to meet immediate obligations, so don't have the luxury of time on their hands. Internet hype and scams are probably responsible for much of the lure (and disappointment). So I agree that patience is important, but I'm not so sure the 'instant gratification culture' is completely to blame.
I think a lot of that comes into play. When I wrote this article, there were several newbies who were constantly asking in the forums how to earn money online fast. No matter what advice they were given, it was the same...but I want money NOW! I want to earn it online in my pajamas with no boss! Many of these writers were much younger than myself and have no idea what waiting means. I see it in youngsters today, as I am a teacher.
Want to earn quick money online now? Sell items on eBay or Craig's List. Want to earn passive income? Write articles on your own blogs, websites, and article sites. There is a huge difference between the two.
Thanks for the comment and good luck here on IB!
Thanks for the article! I'm a newbie to this and want to build things up now to be earning some good money this time next year. Your method of hit 31 points then look into something new each month is a perfect one for me to adopt. Thank you!!
It is rare for me not to get my 31 points in-that means I have been working on other things or have been called in to substitute teach-and I almost never say no to that. Get a good library here and then move on and link what works. Good luck!
Thank you for this story. For me it was that kind of story when you know all these things but they are not structured and organized in your head so your ideas and actions fly all over the place. And then you discover one of these articles... and you have an aha moment. So thank you for another aha!
On IB, I write about topics that interest me. I may do some keyword research, but it does not drive my writing. I do not use SEO here, either. I write naturally and from the heart.
Backlinking is frowned upon and I do not do it, unless you count Pinterest. I only Tweet my Girl Scout articles or anything that a leader may find interesting.
Thank you for reading!
I've grown up with the internet. Had my first internet copy, as it were back then, in 1997. 9 years old I started out with a 56k modem and I remember the websites back then!
Since then I've created 2 IRL businesses, got a masters degree in finance, landed a high corporate job and now I'm 25.
As someone with a lot of experience for my age I feel like I want to explore the online world in a deeper sense than just surfing it and using it for the regular stuff. I want to create something that matters for me and for others.
So whats my point here?
Well first of, I want to start by saying; GREAT article. There is a thing here that has to be pointed out again though. You will not earn ANYTHING for a long term, neither online nor IRL if you don't put down some work into it. Be creative and do not expect a quick fix.
The reason so many people stay in the rat race is because that job gives a large sum of cash the very next month you started to work on it.
Cash flow, as in business, does not come after a month. If it does it might not be sustainable or large enough to last.
It's all about hard work people, if you can't focus on one thing (multitasking might be hip and cool, but it sucks for focus) for more than a substantial about of time then don't go down this road.
This is just my thought for business in general. Perhaps online business is easier and faster to earn from. But fast cash often means fast customers i.e there is no loyalty. UNLESS you put work into it, create something of high quality and package that into a fine solution.
Sometimes good things takes time (quote).
This is a great article and I love the comparison to Stone Soup. I love that story! I have tried to make money from several sites and do well, but I cant' seem to keep the residual income coming. I am still working on it though.
Your article has helped me in a number of ways. I am new to blogging and I thought that I would give this a try. I just need to learn to keep going at it and not give up on myself. I have published some articles in the past but gave up because I thought that it wasn't worth the time. But now that I have read your article, I know that it is possible. It's just sticking with it and keep blogging that works. Thank you, you are an inspiration.
I am glad I could inspire you a bit! Next month will be my fifth as an online writer, and I have learned and have grown as a writer a thousandfold. In fact, I am still learning!
My family used to laugh at my nickel a day earnings, but they don't laugh any more, as my income pays for several bills and some extras for my kids. You have to stick with it and realize that nothing happens overnight! Good luck!