Minimizing Uncertainty
A few posts ago, I talked about the main reason why people don’t quit their day jobs - Uncertainty. In this followup, I will discuss a few ways to minimize that uncertainty so that when you do finally decide to quit your day job, you can do it with as little risk as possible.
What has the EPN banning taught us? Anyone? Multiple revenue streams. If you have money coming from different companies and from different methods, you will be a lot safer in the long run. If one company closes or they stop running the campaign you were using, you still have money coming in. If one method of advertising stops working, you still have money coming in. The best Internet Marketer is the one that can roll with the punches and consistently find new ways to make money.
Another big way to minimize risk and uncertainty is to learn how to save money. When you start to make extra money from the Internet, you need to start putting some away into a bank account. I would suggest at least 10% to start. You may have bills you want to pay off, or loans you want to pay down. Do that as well with the extra money, but make sure you are putting some away from when you decide to quit your job. You can even reinvest in your online business with the money. The worst thing you can do with this money is buy some gadget that you can really live without. Don’t waste it!
In conclusion, just be smart with your money and your money making methods and you should be in good shape. If something should happen, these two tips should keep afloat long enough to either start making more money from the Internet, or sadly, get another day job.
No comments yet.