Kativ, istockphoto.com

How to Earn Multiple Income Streams of $5.00 a Day

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Earning $5 a day doesn't sound like much, but when you add many different income streams, each of them bringing in a few dollars a day, your overall income can add up to something considerably more significant. From monetizing your blog to selling photos and digital products online, you'll find many opportunities to set up passive income streams. Few of them will bring you instant income, but if you put in the time and work on the front end, you'll eventually see consistent streams of income in return for your early work.

Put Ads On Your Blog

Add advertisements to your blog. Whether you choose to use an online ad network, such as Google AdSense, or hunt down your own advertising from local and niche merchants, running ads on a blog is one of the most common income streams. Pat Flynn, whose online venture Green Exam Academy earns him about $250,000 annually, added advertising to his blog after being laid off from his job in 2008. Because his blog already had a large audience, Flynn earned $5.00 in ad revenues the very first day, and was earning $15 to $30 daily by the end of the month. If you're just starting a new blog, you're not likely to see that kind of income immediately, though more established blogs could start making money right from the start.

Use Multiple Ad Networks

The more ad networks you sign up with, the more income streams you'll have coming in. Diversifying your advertising income protects you from unexpected downturns in revenue arising from changes to a single advertising platform. The most popular ad networks include:

  • Google Adsense
  • Chitika
  • Media.net (Yahoo! and Bing ad network)
  • InfoLinks
  • Revcontent
  • Vibrant Media
  • BlogAds
  • Tribal Fusion

Promote Affiliate Products

Affiliate marketing has been around nearly as long as the World Wide Web. Many businesses will pay you to promote their products on your blog, website or social media streams. If you have a lot of followers on your blog, Twitter, Instagram or Facebook pages, you can earn money by recommending products that you like to your followers. You can sign up for affiliate programs at individual companies, or sign up for multiple affiliate programs through an affiliate network program. The types of products you can recommend range from your favorite makeup brands to sporting goods to ebooks about nearly anything. Most affiliate programs pay you a percentage of sales made to people who click on a link with your affiliate ID in it. Some of the better known affiliate programs include:

  • ShareASale
  • ClickBank
  • CJ Affiliate by Conversant (formerly Commission Junction)
  • Amazon Associates
  • eBay Partner Network

Sell Your Photography

If you've got a great eye for framing a shot, you can create multiple income streams featuring your photography and artwork. The earnings opportunities range from selling the rights to use your photographs to selling products featuring your photographs and art. Always check the terms of service when uploading your photos to an online selling platform. Some require you that your photos only appear on their site, while others are fine with you offering the same photos on multiple platforms. Some of the best places to sell your photographs online include:

  • Shutterstock
  • iStockPhoto
  • Fotolia
  • SmugMug
  • Dreamstime

In addition to offering the right to use your photos, you can also upload your photos to print-on-demand sites that sell customized T-shirts, mugs, key chains, calendars and more. These require a little more work on your part. You'll need to set up your photos on templates to make sure that they'll print properly on the products. Once you build a good inventory of designs, though, you can create a steady income stream by advertising your designs via a blog or social media. Sites that sell customized wares with your artworks include:

  • Zazzle.com
  • CafePress
  • Spreadshirt
  • Threadless T-Shirts

Sell Your Expertise

If you can create video tutorials, you can create a steady income stream online. Whether your expertise is in creating websites, sewing, doing 3D digital art or building a cabinet, there are platforms where you can post your video tutorials and earn money. Once you've created the tutorials, you only need to invest a few hours a month in maintenance to keep the money flowing in. Some of the options for creating online classes or video tutorials include:

  • YouTube
  • Udemy
  • Craftsy
  • Teachable.com
  • ZippyCourses.com
  • Skillshare.com

References

Resources

About the Author

Deb Powers is an avid urban gardener who works with a community collective to promote sustainable urban agriculture and build partnerships between local business owners and community organizations. Powers serves as a social media and marketing consultant for local non-profits and businesses, and is collaborating with a coffee roaster to publish a cookbook highlighting coffee as a culinary ingredient.

Photo Credits

  • Kativ, istockphoto.com