Why Having Only One Income Stream Is Business Suicide!

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Well I wouldn't say this is corny, but "Having only one income stream is like riding on an airplane with only one engine working."

That is risky business, folks.

Would you like to be on a Boeing 737 Airliner with only one engine running? I wouldn't think so. It would be a horrifying experience.

Now, you wouldn't die if your one stream of income was eradicated in a flash by two words "You're Fired." (That reminds me..I haven't been watching much of The Apprentice recently)

But you sure would be in quite a rut.

It is quite silly to think everything is in your control when you are in a job. Your boss is in control.

Seriously though, does having only one income stream honestly sound more secure than having 10?

I have realised the power of multiple streams of income and realise that one stream is not going to be a secure route to go. Not for most people.

Not to mention earning money for only 8 hours a day is real silly. Why waste the other 16 hours? Hey, your plants are growing even when you are not tending to them, why shouldn't your bank account too?

The best way to start earning a side income is through affiliate marketing.

I love to call Affiliate Marketing the three hour profit system. Why? Because you can start profiting in as little as three hours. Affiliate Marketing's pros and cons...

CONS

* No control over the product you sell

* Your revenue is split with your merchant

* Hard to build customer relationships

PROS

* No product development expenses

* Advertising costs are very low, if any

* No inventory to maintain

* No overhead (salaries, rent etc)

This is why I love this business. With little starting costs, this only means you will get into the profit zone quicker. And I mean fast, as little as three hours!

Doesn't that sound like a great way to build multiple streams of income?

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#business #income #stream #suicide

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