Earn Income Online
The official unemployment rate in the United States as reported by the government ticked up this week to 8.3%
. The "real" unemployment rate however is closer to about 15% according to many economic experts. Companies large and small continue to lay off workers in an effort to maintain profits while their sales and revenues shrink. Many times, employers will make dramatic cuts in their labor force to reduce costs with very little warning. This leaves workers who thought they had a secure job lost, frustrated, and scared about what the future will bring. This "new economic reality" calls for a new personal strategy if one expects to survive.Creating multiple income sources is perhaps the most effective way to survive an economy that presents so many unexpected and potentially devastating challenges. What are "multiple income sources" and how will this protect you and your family? Your salary is an income source. Interest and dividends that you earn on your investments is an income source. Income that you earn doing part time work on the weekends (consulting, coaching, reffing, etc...) is an income source. By initiating mulitple income sources in your household, your dependency on your primary income source (your "day job") becomes less significant. An example of this would be a family man who has a 9 to 5 job as a chemical engineer for a big company. In addition to his "day job", he tutors high school kids in chemistry, and refs hockey games on the weekends during hockey season. Now, if he loses his 9 to 5 job unexpectedly, he is not without some cash flow from the other two sources of income. This supplemental income may not be enought to pay all of the bills, but it gives him and his family a little breathing room until he can find a another job.
One of the best ways you can create an additional source of income is to earn income online. The internet offers some amazing opportunities to earn income for anyone who is willing to invest some time and effort. Investing a little bit of your own capital doesnt hurt either. There are several ways you can start a home internet business. Here are a few:
SELL YOUR OWN PRODUCTS: This can consist of something you make yourself at home or have manufactured for you.
SELL YOUR EXPERTISE: Are you an expert on something? Publish your own e-book and sell it online.
SELL STUFF ON EBAY: Your junk is another person's treasure. Why do you think tag sales are so popular? All you have to do is find that person who is looking for the stuff in your attic, basement, and garage. The people who want your stuff are out there, and that is why Ebay is such a great online business opportunity.
BECOME AN AFFILIATE MARKETER: Sell the products and services of other companies and earn commision.
Whatever type of business you choose, the internet can provide another source of income for you and your family. In fact, many people who originally start an internet business for a "little extra income" end up quiting their 9 to 5 job because their online income explodes. No more worrying about things you cannot control, like getting laid off. Wouldnt that be great.
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