So what is the best second source of income? Having more than one stream of income is the best way to protect yourself from redundancy, unemployment and the potential of future uncertainties. It also can mean you can eventually replace your current income should you need to, or choose to. But what is the best second source of income?
Best Second Source Of Income – Ebay
A second source of income should be complimentary to your current circumstances. Unless it fits your existing weekly patterns of behavior it won’t work for the long term. When I started looking for other sources of income over 10 years ago I first looked at ebay.
- E-bay provides thousands of people with either a full time or extra source of income. Anyone can use e-bay and make some extra money by buying and selling through the auction site. Have a look at my ebay misspelled auctions guide.
- You can also use e-bay to find local bargains to resell for profit. Check out my ebay local bargains for profit guide.
- I also used ebay to sell items I had found at car boot sales and charity shops.
Best Second Source Of Income – Information Products
I used ebay for quite a few years trying various methods of profiting from the site. However, I wanted something ‘hands off’ which could be more flexible and worked from anywhere. I had a room full of unsold stock and I seemed to be spending too much time listing items, queuing at the post office and searching for more bargains.
I had bought an ‘information product’ from ebay which was delivered automatically through a website. This taught me some of the tactics I have shared above. This was before the rules changed and ebay stopped allowing this practice. I simply paid for the product and was directed to a website where it was automatically downloadable. The whole process was automated.
This idea lit a fire in me which eventually led me to learn affiliate marketing.
Best Second Source Of Income – Affiliate Marketing
Affiliate marketing is simply promoting and selling other people’s products online. Just like the information product I bought from ebay years ago, affiliate products can be automatically downloaded from the internet. Here’s a quick example of affiliate marketing at work:
Below is a link to a product available on Amazon. If I sell a book through my link I make a small commission. This is an example of a “hands off” and completely flexible business model. It lets you work from your laptop and you don’t have to deal with any customers or hold any stock. Simply sell enough products and services to create an income. What’s great about this system is that once you have created the content it can sell products (and services) like this book for years to come. Once you have created a piece of content like this, you can create many more. Each one is effectively an income stream or an ‘online vending machine’.
Best Second Source Of Income – Multiple Sources
Here’s a couple of other reasons why affiliate marketing is the best second source of income:
- It lets you work from anywhere with a laptop and internet connection
- No stock to hold or customers to deal with
- Its completely flexible and can be worked at any time day or night
- It can be worked around existing commitments
- You can build multiple sources of income – See how to generate multiple streams of income
- Once set up, the process of selling and delivering products is completely automated.
The internet now makes it possible for anyone to benefit from the potential of affiliate marketing. Not everyone has the persistence to make this a reality but those who do can create a completely flexible lifestyle.
Best Second Source Of Income – Learn Affiliate Marketing
Affiliate marketing is a great system to earn money from the internet. It is probably one of the best second sources if income. With persistence and over time it can also completely replace your current income. Learn how to build a sustainable income from the internet with the power of affiliate marketing.
What’s involved with affiliate marketing?
As you have seen from this article, affiliate marketing lets you promote and sell other people’s products online. As in the example above, I have promoted a book and will make a commission from future sales. You can also sell digital products with memberships and this lets you make monthly commissions for each member you refer. By selling high ticket items, and choosing products with a 40% or greater commission payment, you can make a lot more on each product than you could for a simple book sale from amazon. See best revenue models for websites for more on this.
Get Started With Affiliate Marketing Today
Get started today with affiliate marketing by getting the right training from the offset. Join a community of like minded people and access all the tools, training and systems to give your online business the best chance of success. Access this free trail package now.