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My Vision of Multiple Streams of Income, Part 2

(c) by Peter Dobler

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A while back I wrote a little article called ďMy Vision of Multiple Streams of IncomeĒ. After receiving several emails asking for a sequel and sharing more real life experience I decided to give an update on my journey with SFI and Stone Evansí PIPS system.

As I mentioned in my last article I went off a good start with this system and I honestly can attest it really works. The only negative thing is, if you want to call it this way, that I put a lot of effort into this project. The system is designed to run on autopilot, thatís great. But until youíve reached a certain level of visibility, you need run your promotions around the clock. Iím almost there.

As an example: I run several Google AdWords campaigns to promote my website and SFI. The reason for this is simple. This is a highly competitive market and achieving high rankings with the major search engines takes a long time and due to the rough competition you wonít be able to reach the top without a few backdoor tricks.

So I took the route of actually spending some advertising money and in return I have a wide spread exposure. Remember the baseball movie with Kevin Kostner ďField of DreamsĒ with the famous remark ďIf you build it they will comeĒ? Unfortunately this is no longer true for the internet.

Back to the topic of controlling the advertising cost with Google AdWords. I closely track my expenses and I keep a lit on it if it gets too high.

The tricky part is to decide when it is too high. I donít have an answer for this. For me it means whatever Iím comfortable with. Because youíre building residual income and youíre not aiming for a single sale. This is hard to gauge. Conversion rates are useless, although my conversion rate so far is over 20%. That is pretty good from what I read about this topic. What this number means in subsequent income has to be determined.

I also tapped into the extensive library of SFIís partner IAHBE. At first I just joined this organization because it guarantees my position in the SFI network. But after researching their services and utilizing their benefits like free mail leads, I have to say that this is a great institution. Itís worth every penny of your monthly fees.

Speaking about value-added services and benefits. The one thing Iím truly impressed with is the quality and consistency of the marketing material offered by SFI. The wealth of online and offline marketing material can be overwhelming, but if you use it appropriate it is a very effective tool. Of course SFI also offers quality products and services, which makes it easy to sell.

By using Stone Evansí PIPS (Plugin Profit Site) system I could maximize these efforts. Iím selling all sorts of products and I already received several commission checks through my affiliate program with Clickbank. This is a huge affiliate provider for electronic books and software. My job is to attract customers to the products and then the manufacturer or author of the product does all the selling and credit card processing. As soon as the credit card is processed I receive a commission, which varies between products.

After about 3 months of running this business I would say that Iím still a little bit negative with my finances, but this is due to my extensive Google AdWords campaigns. By not counting this, Iím actually making some money. Nothing to brag about, but maybe in another 3 months my tune might change.

Please send me an email if you like to hear an update more often.

About The Author:

Peter Dobler is a 20+ year veteran in the IT business. He is an active Real Estate Investor and a successful Internet business owner.

http://www.fl-home-biz.com (Florida Home Business Center)
http://www.online-business-idea.com (Online Business Idea Center)
http://www.sell1on1.com (Internet Marketing Tool Box)
http://www.suncoastrenttoown.com (Florida West Coast Real Estate)
http://www.mypluginhomebiz.com  (Your Personal 24/7 Money Maker)

Learn more about the power of viral marketing; send a blank email to mailto:pdobler@getresponse.com





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