Importance of Multiple Revenue Streams

It has been a while since I posted. I have been really sick for a while, and haven’t been doing  as much as I would like to be doing. I wanted to add a little something today, now that I have been actually coming back to the regular activities of life the last 2 days. Vic had a recent post about Niche blogging, and there is something I want to point out that I have been learning and still learn sometimes.

I know a lot of you have some great blogs out there, and love what you write about, but it is so important to not put all your eggs in one basket. Now I know I have mentioned that before, but I really mean it. Below is a list of the things I have been dabbling in, and I feel if you are working online to make money, then you need to really give all these avenues some consideration.

• Niche Blogging
• Local Blogging
• Affiliate marketing
• Social Marketing
• Forums

If you focus on one particular income stream, then you are setting yourself up for instability. The reason being is that there is no one thing that is stable. Your blog could be gone tomorrow.

If you think that having a bunch of niche blogs will just be fine, and that you will make money in this way for the next 10 years, don’t fool yourself. These streams of income could be gone for you tomorrow for one reason or another.  There is no real security on the internet, and I have seen whole businesses flop over night.

This is why it is so important to learn multiple things. By learning new ways to make money online, then you can be versatile, and you can be ready in case one stream of revenue dries up for you.