Streams of Income: Multiple Sources You Should Try Out
“Setting up multiple sources of income is one of the guaranteed ways out of poverty.” Anonymous
I’m a firm believer in setting up multiple streams of income as I believe in earning from more than one channel.
Take for example steemit, this is a platform where you can earn a lot of money. However, the earnings isn’t fixed, especially as a beginner without a huge followership or a high SP value. You will therefore earn less than you’d expect, even if you write awesome content, unless Mother Luck chooses to smile on you.
Also, having just one income stream is risky as it could develop technical problems and stop paying for a while or go bust and stop paying altogether.
However if you have more than one income stream, especially if a few of these are passive set up over time, you are guaranteed of a steady income, even when you aren’t actively working.
Here are Some Online Streams of Income You Should Check Out
This goes without saying. You earn money here in the form of cryptocurrencies from actively participating in the forum. Monies earned is paid in SBD, Steem, or Steem Power.
You earn on steemit by writing blog posts, commenting on people’s posts, or by taking part in contests found all over the site.
Mylot is a social networking site with a lot more relaxed tone than steemit. You earn money here from interacting and the more you interact, the higher your earnings.
On mylot, you can write on just about anything: from what you had for lunch to that nice sweater your grandma knit for you. The key here is to have a conversation and keep it going.
However, I should warn you that while you can make money on mylot, this is one of the income streams I know that takes quite a while to produce any worthwhile results. You can expect to make anything fro $3-10 from mylot if you put in a lot of effort, not much for someone looking to make any worthwhile money online.
However, if you would like to socialize and make friends, while making some easy bucks, then this is the place to go.
This is one of my favourite streams of income and I just love the fact the money you make here will be passive and come even after you stop actively writing on the site.
Hubpages is a passive income stream and you earn money by writing articles. These articles must be well-researched and indepth and should be at least 1,150 words long. You should write on just about any topic that interests you, one you have substantial knowledge on. You should also take care to ensure these articles are seo-optimised as this is one of the best ways to get organic traffic from search engines once your articles start to rank.
To earn from hubpages, you should look into any of the following means of making money:
You earn by signing up for any of these advert programs on the site:
- google adsense
- hubpages ad program
- hubpages amazon program
Money earned is paid into your PayPal account which you link to your hubpages account. A little aside though, while you can make a ton of money from hubpages, you shouldn’t expect to see any real money until you have quite a number of articles (I believe the number here is 50) and until your posts start to rank, which could take a little while (up to six months in some cases).
You want to speed your earnings along by being active and submitting a few high quality articles often.
Virily is a fun site and you earn from every activity on the site. Money earned here is called virily and you earn from 1 to 15 virily for different activities. Did I mention you get 10 virily daily just for logging into the site? Yes.
At the end of the month, virils earned are converted to cash which gets paid into your account. The minimum cash-out for PayPal is $10 while you’ll have to accumulate a $100 to request for your earnings via payoneer.
Like mylot, you shouldn’t expect to earn a lot of money here, however, considering you can submit really short articles (100 words), virily makes for a great site to share your thoughts or opinion on topical issues ir topics that interest you.