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The Computer Work At Home Blog

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Tuesday, February 12, 2008

All Residual Income Streams Require Hard Work

All Residual Income Streams Require Hard Work
http://www.ChooseHomeWork.com
http://www.WorkAtHomeForDummies.com

One of the greatest lies that is consistently told and retold online is the myth of making money online in your sleep without any effort whatsoever. Who truly believes that you can build a business in 10 minutes and then walk away and have the money roll in? In addition to the foregoing, who believes that a person who claims to hold the secret to becoming an online millionaire in 60 days or less will be selling it for $19.95 on a poorly designed website that lifts its graphics from one of the free photo archives found online?

 

No, the truth of the matter dictates that all residual income streams require hard work from start to finish. Begin by carefully choosing the income opportunity that is right for you. Meticulously research what is out there and then pick one that is close to your heart because it is of interest to you and also because it may offer a product or service you believe in.

 

As you start out, think of your fledgling business as a seed that you lovingly plant in some rich soil. Daily watering, care, and sheltering from the elements will make the seed grow into a huge oak tree – over time of course – while in the business world the daily attention paid to the needs of the business, the care that goes into growing the business to its full potential, and the protection against market upheavals and dips by staying ahead of trends and adjusting the business accordingly will result in your eventually having a residual income stream that may be more a raging river than a trickling brook.

 

For example, if you choose a certain type of residual income generating business, make sure that you only sign up for one or maybe two opportunities at a time and then take good care to nurture them and make them grow. Sure, once they are pretty much running by themselves, you may choose to sign up for more such opportunities and thus maximize your income opportunities, but doing too much too soon will force you to pay only cursory attention to all, rather than doing what you do well, one business opportunity at a time.

 

Some online entrepreneurs have learned that maintaining several healthy residual income streams relies on portfolio diversification, and you may find a business professional who is involved in the nutritional supplement industry as well as in the travel and insurance businesses. Hedging their bets and diversifying their business interests is a wise move and if you can do justice to each and every business, you will be wise to follow this example to more or less market proof your income!

 

Diversification will also permit you to learn how to streamline your efforts and you may be surprised to learn that when you are developing a methodology for recruiting others to join you in the business – for a cut of their overall profits – you may benefit from having a diverse background and thus you might be able to cover more ground than others in a similar situation.

 

Yet no matter which business model you embrace, remember that all residual income streams require hard work!



To Your Success,

Todd

Todd Thomas is the Founder of ChooseHomeWork.com http://www.ChooseHomeWork.com
and WorkAtHomeForDummies.com http://www.WorkAtHomeForDummies.com.
Todd writes business related articles ranging from internet business to network marketing and everything in between. Todd is also a baseball coach and hitting instructor. He owns http://www.HitItHere.net.
Contact at support@workathomefordummies.com for info on articles for your website!

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Feature Article: Make the Leap to Home Business Success

Make the Leap to Home Business Success
Copyright © Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com/main-19421

Before you can have a successful home based business, you must first possess 3 "intangibles." These are things that must come from WITHIN you.

===> Intangible 1 <===

First,you must have a strong WHY.

Why MUST you have a successful home business? What is driving you? What is it that you CAN'T have in your life anymore and/or what is it that you absolutely MUST HAVE now?

For me, I couldn't stand working 12+ hours a day anymore and missing the experience of my children growing up. I also absolutely HAD TO HAVE the freedom of being able to control my life and finances through a little box (laptop computer) that I could carry with me anywhere in the world and not be tied to anyone's time pressures or demands but my own. That was my carrot and my stick. I felt a great pain deep in my gut of missing out on my children's lives and the incredible freedom that succeeding in a home based business would provide for me. I found my why. You MUST find yours.

===> Intangible 2 <===

You must BELIEVE that it is possible.

If you don't believe that it's POSSIBLE for you to have a successful home based business or make your living from home, you won't. It's that simple.

For me, figuring out that it was possible was just a matter of realizing that many other people were ALREADY making great money working from home. If they could do it, I could too. It would just be a matter of figuring out what those people were doing and then adapting it to my situation.

There is no shortage of undeniable PROOF that people (millions of them) are making money working from home. Just get online and do some research and you'll find countless testimonials and stories of REAL PEOPLE making real money on the Internet. Or head to your local bookstore and you'll find the same documented evidence of this fact. Truth is, it's getting easier and easier to make money with your own home based business.

I've always said that "affiliate marketing" (a simple way to make money from home) is the job of the future. In the old days, you had to go to a potential employer, apply for the position and hope for the best. Now you can simply go to any company you want, fill out their affiliate application and start work immediately. Affiliates are the new working class. In fact, making money with affiliate programs or making your living on the Internet is WAY MORE than possible. It is pretty much (or will be soon enough) unavoidable now. Affiliate marketing is the "job" of the future that's already here TODAY.

===> Intangible 3 <===

You must be willing to MAKE THE LEAP.

Ready, FIRE, then aim... This is the operating philosophy you MUST adopt to succeed with a home based business.

That's backwards for most people who like to aim before they fire. The fact is that home based business success is a moving target... The only thing constant about it is change. You need to stop analyzing the game and simply jump into it. You can't learn from the outside... You have to be *IN THE RING* to truly understand and profit from it. In fact, this is a business where you can truly be earning WHILE you're still learning...

The lesson here is that you will never really be READY to start a home based business. You simply have to start one. It's like having children... You're never really ready, but when it happens you adapt and grow and therefore you succeed. This is what I call: "Making the Leap"!

The good news is that the cost of failure with having your own home based business is very small. In the "brick and mortar" world you need to evaluate things very carefully before you decide to open up a business. It's almost always necessary to invest thousands of dollars to get an offline business off the ground. However, on the Internet you can often start a successful business for less than $100. The Plug-In Profit Site is a great example of this where you can get your own money-making site setup free within 24 hours:
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You simply need get IN THE GAME... Each moment that you stay "out there," you're wasting valuable time that you could be learning and skills necessary to build a successful home based business. In fact, if you're not in the game yet, you're ALREADY behind the times... Make the leap to starting and building a successful home business TODAY!

About Stone Evans, The Home Biz Guy:

"I Was A Washed Up Restaurant Worker Desperately Searching For
A Way To Save My Family When I Discovered The Internet And
Affiliate Marketing... 24 Months Later I Finally Cracked The
Code And Started Earning Over $10,000.00 Per Month... Now The
Same System That Saved Me Is Available To You!" Make Money Now!
http://www.PlugInProfitSite.com/main-19421

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