Maybe you should ask yourself this question, "How long can I survive if I lose my job?" Well, I'm assuming that you are holding a day job, and your only source of income from his day job. If you have already created multiple streams of income, then you need to read the rest of this article, since the purpose of this paper is to address why it is important to have multiple streams of income, with special emphasis on residual income online.
Allow me to address this problem by answering a few questions:
1) Why is it important to have multiple streams of income?
Well, jobs are no longer safe. You never know when the company will reduce or restructure. You can spend years climbing the corporate ladder. However, climbing to a higher position, does not mean more security. It is always a good idea to have multiple streams of income, so it will not be too dependent on their work.
2) Why is there a special focus on residual income online?
is a great residual income. Residual income means the money on autopilot, even while you sleep. No idea of making money while you sleep appeals to you? The truth is all of us have only 24 hours a day. Of course, we do not want to trade time for money. You only have so much time every day. There is a cap on how much you can earn by trading time for money.
The reason why I focus on online revenue because there are tons of opportunities on-line. You can easily start an online business with several hundred dollars, working from kuće.Online business also offers more flexibility, so you can work on it on a part time basis while still holding on to your day job. Therefore, you need not worry about finance while working on your online business.
In a traditional offline business, you do not have such flexibility. It can also cost you thousands of dollars just to kick start the business.
3) What are the different types of residual income online?
Generally, as long as you pay per month for a one time effort, it can be considered as a form of residual income. For example, if you want to sell webhosting account that pays you $ 10 per month, is considered to have residual income.
Do not underestimate this $ 10. Imagine selling 200 webhosting accounts. It will generate $ 2,000 of residual income a month, enough to change the lives of many people.
Other ways to generate online residual income includes online MLM, Adsense, building a huge army of affiliates to sell their own products and starting your own membership sites.
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