When I started my law practice in 1997, I never even considered the possibility of having an additional stream of income. Only within the past two to three years did I come to the realization that most of us, regardless of what we do for a living, should have at least one additional stream of income.
Having an additional stream of income is important because it provides you with an added level of security in this economy where job security has become a thing of the past. Gone are the days of working at the same company until retirement. Sometimes people choose to move on to greener pastures. But more and more often these days, workers are laid off because their positions have been out-sourced, their company merged with another, or their company simply went out of business.
There are several things you should consider when contemplating creating an additional income stream. First, what do you do? There are many options to choose from like real estate, catering, home-based businesses like YTB, My World Plus, Ameriplan, etc., or direct sales businesses like Avon, Jafra, Market America, GBG, etc. If you have been blessed with artistic talents, your choice might be utilize those gifts to create an additional stream of income for yourself. Do your due diligence and educate yourself about what is going on in the field you choose.
The next thing to consider is whether your secondary career will interfere with your primary career? This is a crucial question to answer because you do not want to jeopardize your primary source of income. Will your additional income stream require you to do work that could be considered a conflict of interest with your primary career? Will pursuing your secondary career interfere with or in any way hinder you from fulfilling the duties of your primary career?
You will also have to decide how much of a financial investment you want to make to create an additional stream of income. You must be business minded. That means making a financial commitment. I'm not saying that you must invest your life savings. But, remember, ultimately, your are investing in yourself and your future.
Next, you will need to decide how much time you want to invest in your secondary career. The more time you are willing and able to give it, the more quickly you will see results. What are you willing to give up, in order to create an additional stream of income? Will you stop watching 4-5 hours of TV each night? Will you stop hanging out with the fellas at the local watering hole 4 nights a week? Will you get up 2-3 hours early to work on developing your secondary career?
How much time are you willing to wait to see results? If you expect to start your business today and be in profit in thirty days, you're being unrealistic. I'm not saying that it can't happen. All I'm saying is that it probably won't happen. Set a reasonable and realistic timetable. Give yourself at least 6 months to a year and one to two years would be even better.
While you are growing your business, get as knowledgable as possible about what you are doing. Network with successful people in your chosen field. Find a mentor. Read books. Attend seminars, teleconferences, or webinars.
Be business-minded. Set a schedule and stick to it. Set goals and outline what you must accomplish each day to ultimately achieve your goals. Don't let the naysayers get inside your head. Unfortunately, we all know people who will not be supportive. IGNORE THEM. Surround yourself with positive, like-minded people. Stay focused on your goal and envision your success!
Showing posts with label stream of income. Show all posts
Showing posts with label stream of income. Show all posts
Tuesday, May 6, 2008
Friday, April 25, 2008
Working to Achieve A Dream
When I joined NuLegacy, I was so excited. I shared the opportunity with all of my family and friends, just as most of us are instructed to do when we start a new home business. Well, I soon learned that most of my family and friends, just didn't value the notion of having an additional stream of income the way I did. I was, quite frankly, surprised and a little disheartened. But I began looking for different ways to build my business.
My search led me to free classified ads and traffic exchanges. I spent countless hours posting free classified ads and surfing on several traffic exchanges, but I didn't get any sign-ups from these efforts. I did however, get a response to one of my free classified ads from a guy named Chris. I called him and we chatted and he seemed like a pretty nice guy. During our conversation, he asked me to take a look at his website and to listen to the opportunity call for his business. I didn't know it at the time, but I was about to embark on a completely different path to growing my business!
Well, I checked out his website and listened to the call and checked out the website again. What I heard and saw was awesome! The idea that I could actually get prospects contacting me rather than my chasing them down was amazing to me! Even more astounding to me was that I could get unlimited training and mentoring for less than $200.00. So, I joined Success Blueprint.
Within the first week, using the Success Blueprint Manual, I had a sign up for NuLegacy. I was ecstatic. Now what I'd like to emphasize is that Success Blueprint complements any home business. Whether you are in EDC Gold, Little Guy Network, GBG, YTB, Ameriplan, Pre-Paid Legal, Reverse Funnel System, My World Plus, Liberty League, or any other home business, Success Blueprint can be bolted on to it and help you grow your primary business and generate daily cash flow in the process. Success Blueprint is not going to try to switch you. The goal of Success Blueprint is to turn the 97% failure rate in the network/internet marketing business into a 97% success rate by mentoring, training, and educating its members.
The tools that have been made available to me by Success Blueprint and the training and mentoring I have received are invaluable. I feel so blessed to have found Success Blueprint and I love sharing it with others and positioning them to succeed rather than fail in this business!
My search led me to free classified ads and traffic exchanges. I spent countless hours posting free classified ads and surfing on several traffic exchanges, but I didn't get any sign-ups from these efforts. I did however, get a response to one of my free classified ads from a guy named Chris. I called him and we chatted and he seemed like a pretty nice guy. During our conversation, he asked me to take a look at his website and to listen to the opportunity call for his business. I didn't know it at the time, but I was about to embark on a completely different path to growing my business!
Well, I checked out his website and listened to the call and checked out the website again. What I heard and saw was awesome! The idea that I could actually get prospects contacting me rather than my chasing them down was amazing to me! Even more astounding to me was that I could get unlimited training and mentoring for less than $200.00. So, I joined Success Blueprint.
Within the first week, using the Success Blueprint Manual, I had a sign up for NuLegacy. I was ecstatic. Now what I'd like to emphasize is that Success Blueprint complements any home business. Whether you are in EDC Gold, Little Guy Network, GBG, YTB, Ameriplan, Pre-Paid Legal, Reverse Funnel System, My World Plus, Liberty League, or any other home business, Success Blueprint can be bolted on to it and help you grow your primary business and generate daily cash flow in the process. Success Blueprint is not going to try to switch you. The goal of Success Blueprint is to turn the 97% failure rate in the network/internet marketing business into a 97% success rate by mentoring, training, and educating its members.
The tools that have been made available to me by Success Blueprint and the training and mentoring I have received are invaluable. I feel so blessed to have found Success Blueprint and I love sharing it with others and positioning them to succeed rather than fail in this business!
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