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Creating Multiple Sreams of Income With One Product

  • Broadcast in Business



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If you want to create multiple income streams, then you have to start thinking differently. Look for new ways to make money. Think outside the box

Use any skills related to work or hobbies to generate profitable ideas. Freelance your services on the weekends. Create information products and sell them on the Internet. Plan parties. Don't limit yourself.

Even an extra income of $500 each month could go a long way to paying down debt or increasing your investments. We often hear about the importance of diversifying our investments, but diversifying our income streams is just as important, particularly in difficult economic times. Let me show you just how valuable even an extra $500 per month can be. Then I’ll list the factors to consider in deciding how to generate extra income, followed by 10 multiple income stream ideas.

Flexible: The ideal source of extra income will allow you to call the shots when it comes to your time. Particularly if you have a full time job, the last thing you want is being tied down to working a set number of hours each week at a second job.

Scalable: Look for income sources that have at least the possibility of generating substantial amounts of income.

Sustainable: The ideal extra income source will continue to generate cash even when you’re not working at it. The idea is to build something that can eventually function without you

People who should listen to this show are underemployed, entrepreneurs, career coaches