Saturday 31 July 2010

Making money online - the conclusion...

To conclude this latest 'Making Money Online' series, I just have a few observations to add to the different levels of income that I have talked about.
  • Don't be limited to just one income stream - most of us start with one thing and then start to add other similar schemes to a 'portfolio' until we have about four or five income streams. the trick is being able to decide which streams are worth pursuing and which ones will not justify the time spent on them. The more eggs in your basket, the more income as long as those eggs are all active earners.
  • Make good investments - It's good to start on-line earning without having to spend a cent, but at some time, when you are climbing the income ladder, you will have to make investments. Whether it be purchasing domains for blogs, or purchasing ready made web sites, ensure that your money is wisely invested. If you have played the 'minnow' and 'starter' schemes well you should have some money to invest, but be careful how you use it.
  • Be original - Starting the next Facebook may be your dream, but the truth is that Facebook is already here, you will need to use some original thinking if you want to break through, or at least put a new twist on an existing theme. At all times stay true to yourself, if you are not comfortable with an online task, remember it's your choice -you are in control effectively working as a free agent.
  • Put in some hard work - if you are not prepared to work, or do not have the time, then you may not be able to rise out of the 'starter' schemes, yet for many the income offered at this level is quite sufficient. Although you won't get far without some graft, few on their death-beds will be saying 'I wish I had spent more time on-line'. Work now, so that in time, you won't need to work so hard...

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