Recession Proof your Business
Counting modify to make ends run across? Want to make more coin? Yeah, sure do. Simply how do you do it? Well, that's the part that gets most of the states stuck. Really the answer is pretty simple: multiple revenue streams. Makes sense right? If yous take a regular 9-5 job and its not bringing home as much bacon every bit you lot'd like, than you'd probably consider getting a second part-fourth dimension job wouldn't you lot?
Well, bring a cocky-employed entrepreneur brings about the same ready of circumstances. If the project that is making you coin isn't cutting information technology on its own, than you lot may want to consider adding additional revenue streams. This idea is nothing new. In fact, its been recommended over and over again by top bloggers. Why? Because information technology works. And believe me, its non as complicated every bit it seems. If yous take an online shop and a moderately popular blog yous are already on your way.
Here are a few ideas… Offset selling advertisements on your blog if you oasis't already, and endeavor getting involved with some affiliates as well. That'south ii revenue streams right there and that's not fifty-fifty the tip of the iceberg. Think nearly seeking wholesale orders for products y'all typically sell in your Etsy store. Or create other products to sell online (ebooks, ecourses, etc). Utilise your expertise to teach an online or in-person form. Choice up some freelance writing jobs. The list goes on and on.
Here are a few manufactures on the subject…
-Darren Rowse from ProBlogger makes a half-dozen effigy salary and brings in income from more than than ten unlike revenue sources each calendar month.
-Tara Swiger wrote a invitee post for Megan of Crafting and MBA on this very topic of creating multiple revenue streams. Its a must read.
–Twelve Ideas for creating multiple income streams from Freelance Switch.
-Check out the amazon book list for creating multiple revenue streams as well.
Accept an additional tips to share on the subject? Share your thoughts in the comments beneath.
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Paradigm via Fashion Fangs
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