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A broke-ass blogger?..um.. we all know what that is and we are all aspiring not to belong to that category. Those who are are working hard (and I hope smart) to get out.

Let’s focus on an MSI blogger. MSI is an acronym for Multiple Streams Of Income. So the meaning of who an MSI bloggers are is suddenly becomes clear. These guys are the online blogger-entrepreneurs and some are just Internet Marketers to the bone with no time to blog.

Seriously, full-time or part-time bloggers should not just be carried away by the euphoria of creating content, building relationships and driving traffic. If you achieve all that, then what next?

We should also focus on how to earn an amount online that will fund our dream lifestyles and give us the ability to help others. Most bloggers should develop into savvy businessowner/entrepreneurs.

While most top bloggers focus on a “pillar blog”, there are several niche sites that they own but do not publicize so much mainly because these sites are majorly for earning money online.

This means that the content might not be completely unique and Google rankings do not matter as well, some blogging legends like Seth Godin and Darren Rowse have authored several books have.

Others like Jeremy Schoemaker (Shoemoney) has been involved in several online businesses whose life cycles have been complete and have moved on to other things.

Shoemoney went from being a banker to an IT guy to a Phone Wallerpaper pimping business to becoming the publicity stunts-man for Google in their Adsense campaigns to importing Internet cables to starting something with the owners of text-link-ads to his current Affiliate Business.

Other A-list bloggers like Darren Rowse (again), Yaro Starak and David Risley are building business empires around their core competence i.e. full-time blogging.

Prior to this, they have all been involved in one business or the other. Darren worked three jobs and laboured manically before he became the success that he is today. Now, Darren is an avid photographer/camera authority, a Membership site owner and has a portfolio of profitable sites including digitalphotgraohyblog .

Yaro has evolved from selling magic cards to flipping websites, running forums and an editing business before fully becoming a blogger. Apart from his main site, he also runs blogmastermind program, membership site mastermind and becomeablogger with partner Gideon Shalwick. He is also starting a new social responsibility project to giveback.

David Risley had also owned a successful PC blog which is still an authority site today becoming a full-time blogger successful and stepping up into becoming a trainer with his BlogMastersClub which just launched a blog training program.

Allyn Hane of bloggerillustrated is another great example of bloggers earning good money online by offering valuable products for sale.

Recently, Allyn sold a website for $30, 000 and willingly shows how he does it on his site. It is a must see for any aspiring blogger.

Also worthy of mention is a great guy that I look up to – Ryan Lee. Ryan is not a blogger but makes loads of cash online. In a recent interview he gave, he talked about he earns multiples more than all the bloggers on the interviewer’s list of top bloggers earning online.

Ryan has got me thinking ever since. All he does is meet needs and makes millions in the process and he is not a noted blogger by any means.

Other big time money makers are Russell Brunson and Ryan Deiss

Internet gurus like Yanik Silver, Frank Kern, John Reese, Mike Filsaime and Willie Crawford all have multiple streams of income online.

Mike Filsaime also inspires me – he owns the online payment solutions provider – that s rivaling PayPal , an autoresponder/email management system, butterfly marketing and many other products online.

Yanik Silver does also with his internetlifestyle.com, Underground internet seminars, and his invitation-only maverick business adventures.

Joel Comm, Rich Schefren and John Carlton all have MSIs.

Lately, I have been working on how to create other avenues to earn money online – automating a process to sell valuable information to Nigerians and right now, it is at the beta-stage.

I am also a big fan of having a traditional business – real estate, a shopping mall or factory of some sort where the internet will just be mainly a platform for marketing tangible products or services and where I can employ people and contribute to GDP of my country.

While blogging is great and I absolutely love it, it is yet to fully pay the bills. It is wisdom to create other income streams by the side.

Besides, having a quality blog takes a lot of time – creating quality content, generating traffic that has to be substantial enough for you to monetize later and building genuine relationships with your readers.

In fact I have heard many A-listers say a couple of times that blogging takes time before it becomes a decent money earner. Isn’t this further confirmation that you need to look at other avenues to generate income from?

When NOW be the right time to create your own MSIs? Please let me know what you think!!

Cheers,
Olusegun