Getting to work from home can be great. One of the things many people do is find more than one source of income, to protect their lifestyle. By having several sources of income, or income eggs in your basket, you protect your ability to earn, should something go awry.
Some, who are telecommuters, don’t worry as much because their job is considered as safe as any other full-time job but if you are a freelancer or have your own business, this isn’t always the case because you’re regularly searching for ways to earn. Several sources of income could mean safety and it could also mean that you’re making decent money.
Tips for Having Multiple Income Eggs
- Find some quick paying go-to options. That way, if you’re in a pinch, you can get grocery money fast or money to take care of an unforeseen expense quickly. Wherever possible online entrepreneurs should have a few make money fast options.
- Network. Talk to other entrepreneurs and freelancers. That way you can share leads and potentially share overflow work.
- Work on developing some passive income streams. If you build websites with affiliate marketing, network marketing, or contextual advertising, for instance, the initial work could be time consuming but those sites could become passive for you, creating income that generates itself and presents you with monthly payments. Learn more about affiliate marketing and passive online income opportunities.
Strive for a delicate balance when adding income eggs. Too many could feel overwhelming and result in lack of balance but some regular ones, some passive income-building options, and some strategic fast-earners could be the ticket to reaching your financial and career goals.
I’ve decided to try to do a weekly (or thereabouts) series on specific work at home income opportunities and Askables is the one I’m going to kick off the series with. I love passive income sites. I put an article on one in 2006 and it has been making me money steadily ever since. I’ve probably earned $20+ a month almost every month ever since for one little article. Of course, it’s not always going to work out that well but if your article catches attention of search engines and people help spread the word virally, it could be great.
Take a look at the Askables Writing Plan. You have the opportunity to make passive income through a Google Adsense revenue sharing plan plus if you’re a regular contributor and attain and maintain the listed points, you could earn a payment per article as well.
An eHow WCP Alternative?
I know a writer making over $1,000 a month passively through ehow and many Canadian, UK, Au, and NZ writers are anxious to get in on the action. eHow has yet (despite my contacting them several times) to advise when they’ll open up their passive income program outside their borders. I wonder if Askables could become the international answer to eHow since eHow only pays writers in the USA. Let’s hope! The site isn’t very old but definitely looks to have potential.
How can you make money on Askables?
Start posting articles. Write great articles and then link to them from your blog, from social marketing sites, and web 2.0 pages like HubPages and Squidoo. If you write well and write interesting articles, you could start to see the revenue trickle in. Don’t forget to set up a URL channel on your Adsense reports so you can see how much revenue is coming from Askables. Then you’ll be able to see which niches and keywords are profitable. Happy Earning!