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Define Success
Have you ever asked yourself why you want to succeed online? If not, ……… allow me to ask you ………… So, ………… why do you want to succeed online? Do you have e reason for it? Do you clearly know what the reason is? Do you think other people are...
Excelling with Online Marketing
Do you want to build a successful online business? Then start using online math and use Microsoft Excel. I’ve written an e-book this year that sells at a profit. In fact, I’ve written 2 e-books that sell at a profit (I’m thankful to all my...
Good News About Your Online Business
If you have ever wondered if an online business is right for you, or you've tried a "program" and been disappointed with the results, I have VERY good news for you today. Despite all the confusing jargon you read, and despite all the inflated...
How To Determine The Price Of Your Home
Why is it that some homes sit on the market for a year while others sell like hot cakes? Frustrated sellers will blame a bad market, while a good real estate professional will tell you that many times, a slow sale is often attributed to the...
The Simple Tactic the Internet Gurus use to Turn Time into Money
Have you ever noticed that some people seem to spend years and waste thousands of dollars trying to make there home business “work” while others seem to just hit the ground running? Do you ever wonder why some people seem to have a sort a magical...
 
Developing Multiple Streams of Income for Your Home-Based Business

Many home-based business owners have a single service or product they provide. They may sell e-books or crafts or speech-writing services. Specializing in one area is good for many reasons. For one, it makes marketing easier and helps that business build a solid reputation in one area.

Although specialization has its benefits, businesses who derive all of their profit from a single area are overall more susceptible to economic fluctuations and less profitable long term.

A good example of multiple streams of income at work in traditional business is the modern newspaper. A newspaper company brings in revenue in three ways: by selling the papers, by selling advertising space, and by selling classified ads. Each of these is another stream of revenue for the newspaper. Furthermore, some newspapers have added an additional stream by charging for access to their online content.

For the home-based business owners like yourself, the key is to follow the advice of the old saying: "Don't put all of your eggs in one basket." Instead, you should work on developing multiple streams of income.

Think in terms of a river. One river may have hundreds of small tributaries and streams emptying into it along its path. Without these waterways, the river level would fall considerably and may one day disappear completely. The same is true in business. Your revenue is like that river; it needs to be nourished by many sources, not just one. If that one source slows down or dries up, the negative impact on the flow of your revenue is dramatic.

Once you understand why you need multiple streams of income, the question is how do you create them. One home-based business owner who specialized in writing secured her multiple streams of income by owning her own business, doing freelance work for two other companies, and teaching a class at a local business college.

Another home-based business owner joined affiliate programs offered by big name retailers and earned money by imaginatively incorporating them into her heavily


trafficked web site.

Still another took his existing product which was designed to help marketers produce effective e-zine articles, made some minor changes, and re-packaged it as a tool for students struggling to write school essays.

As these examples show, multiple streams of income can be derived in a number of ways if you think creatively. The key is to look for ways that complement your existing business.

If you sell gourmet cookies, for example, you could produce cookbooks. If you work with Internet marketing, set up an online bookstore full of marketing books via an affiliate program. If you design web sites, teach a course on it at your local college or offer it online through your existing business site.

The possibilities for establishing multiple streams of income are endless. But you must always remember that the key to successfully managing multiple streams of income is not to lose focus on your primary revenue generating activity.

Have you ever been to a web site so covered in ads that you could not tell what service or product was even being sold? Most people have. The people who run those sites do not realize that visitors are not coming to see banner ads for other companies' products, but to learn more about theirs.

When visitors are bombarded by these other ads, they leave in frustration. In the long run, the site loses money because it simply isn't generating enough sales to justify charging a decent rate for advertising. The idea is balancing these other ways of earning you money without taking away from the income stream you already have.

Once you have your streams in place and learn how to maintain this equilibrium, your revenue will flow like a steady river and will keep your home-based business on solid ground. Vishal P. Rao is the owner of http://www.home-based-business-opportunities.com - One of Internet's leading website dedicated to starting, managing and marketing a home based business.

 

Book marketing and book promotion advice from John Kremer, author ...
Promoting Your Books: Book marketing and book promotion tips for book authors, book publishers, self-publishing authors, POD authors, and e-book publishers ...
www.bookmarket.com
 
John Kremer's Book Marketing Tip of the Week
Archives of the weekly Book Marketing Tips of the Week and Internet Marketing Tips of the Week. Learn how to sell more books, tapes, and other products.
www.bookmarket.com
 
Bookmarketing Limited
and the consumer syndicated surveys adhoc commissions retainers how to subscribe client list expanding the market contact us · Book Marketing Society ...
www.bookmarketing.co.uk
 
Book Marketing Works
Book Marketing Maps - an electronic directory of special-sales buyers, customized to your particular title.
www.bookmarketingworks.com
 
Book Marketing Services, India
A specialist marketing consultants group, started in 1987 offering package of marketing and sale promotion services in the Indian market to publishers of ...
www.bookmarketing.org
 
Sensible Solutions: Book marketing for happily published authors ...
Sensible Solutions: Book marketing for happily published authors & publishers.
www.happilypublished.com
 
Book Marketing Profits
Smart Book Marketing. How to market your book or information product cost effectively through trade shows, mail order, the internet, premiums, book reviews, ...
www.bookmarketingprofits.com
 
Promote a Book - How to market your book online
Self Publishing How-To | Print on Demand Publishing | Offset Press Publishing | Getting Published | Book Marketing | E-mail Morris.
www.fonerbooks.com
 
Self Publishing Book Help. Book Promotion and Book Marketing Tips ...
How to Self Publish, Market and Sell Your Own Book. Self Publishing information, tips, and resources to show you how to sell hundreds of thousands of books ...
www.inktreemarketing.com
 
Writing-and-Speaking - Book-Marketing Ezine Articles
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites.
ezinearticles.com
 
Book Marketing - High Quality Books & Gifts
Book Marketing - Direct sellers for High Quality Discount Books, CDs, DVD and Gifts.
www.bookmarketing.com.au
 
Amazon.com: Complete Guide to Book Marketing: Books: David Cole
Amazon.com: Complete Guide to Book Marketing: Books: David Cole by David Cole.
www.amazon.com
 
Amazon.com: A Simple Guide to Marketing Your Book: What an Author ...
This refreshingly succinct handbook is the easiest way to organize your book marketing campaign. Bobbie Hurst, Book Publicist ...
www.amazon.com
 
Sand Hill Book Marketing
Sand Hill Book Marketing. Distribution for Small Press & Independent Publishers. Browse Titles, Submit Titles, Find Retailers, Submit Retail Locations.
www.sandhillbooks.com
 
The independent bookstore on the web!
Although Francine Silverman’s Book Marketing from A-Z does not go into depth in each outlined promotion, the ideas and resources offered from more than 300 ...
www.bbotw.com
 
Author Resources: Book Marketing
Author Resources: Book Marketing ... AuthorHouse author and humor columnist Gordon Kirkland uses public appearances as a book marketing tool. ...
www.authorhouse.com
 
Substance Books Inc. - Online Book Publicity, Marketing & Book ...
Providing Web / Book Marketing Ideas & Promotional ... Receive Substance Books Inc.'s free BOOK-MARKETING NEWSLETTER designed for writers and publishers, ...
www.substancebooks.com
 
Publicity / Book Marketing / Bookstore / Ebooks
Publicity, book marketing, and publisher for self publishing books as well as excellent online bookstore.
www.virtualwordpublishing.com
 
Mega Book Marketing
Reserve your seat at MEGA Book Marketing University before 5pm PST January 5, 2007.and you get the home study version of last year's event for free (a $349 ...
www.megabookmarketing.com
 
Book Marketing Plan: Launch Your New Book Profitably and Confidently
Tame all your "Should I?'s" into "To-do's"! The Sample Book Marketing Plan is 24 pages and costs $95.00; it's in PDF (Adobe Acrobat Reader) format. ...
www.yudkin.com
 
 

 
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  • how to raise money for starting a business

  • how to realistically set your fees part 1

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  • how to sell your products and services now

  • how to start a bookkeeping service

  • how to start a home based business

  • how to start a pet sitting business

  • how to start with absolutely nothing and create wealth online in 30 days or less

  • how to succeed and never fail

  • how to super charge your affiliates

  • how to tackle the three major stresses associated with every home based business

  • how to tell if business opportunities free website provided is legitimate

  • how to use database marketing to skyrocket your online profits

  • how to use ezine articles to promote any product service or affiliate program you choose in 5 easy steps

  • how to use foreign currency rate fluctuations to your advantage as an affiliate marketer

  • how to use humor to increase sales

  • how to use internet radio to promote your book

  • how to use pay per click ads without ruin yourself

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  • how to walk the floor and talk to customers

  • how to win the marketing war capture your prospects mind

  • how to write about yourself

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  • how why should i let others syndicate my rss feeds

  • how will your visitors remember you and your business brand yourself from the crowd

  • how you can finally make instant profits and leave the scams behind at last

  • hunters and gatherers are you serving both their needs

  • ideal marketing methods for home based businesses

  • ideas are free a book summary

  • identifying your niche

  • imitation the smartest form of flattery

  • improve your business rq for improved profits

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  • im out of ideas now what

  • increase your page rank through seo

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  • interactive charts are reinventing visual data

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