Importance of Multiple Revenue Streams
Author: Justin19 Feb
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.
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2 Responses for "Importance of Multiple Revenue Streams"
Hi, first let me congratulate you, this is an excellent resource, thanks for sharing it with us.
Regarding your post, i would like to say that the offline world, it’s the same, there is no security in nothing on life. If we achieve richness, than we could minimize the risks of security, but if we don’t, we are never secure.
Definitely having multiple streams of income is very important. I’ve learned that over and over again when my best revenue generators have dropped off suddenly for one reason or another. And no matter how many streams of income you have - hey never all seem to kick in at once.
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