Learning to create streams of passive income can sometimes be difficult. It is, however, extremely rewarding once you begin seeing money start to trickle into your bank account. It is even more exciting once your affiliate accounts begin to show numbers other than a bunch of zeros.
Unfortunately reality sometimes sets in and slaps you silly. For no reason at all the big G can ban your account or even de-index a proven money maker. This is where the rubber meets the road; so to speak. You can either give in or you can continue to work through these minor setbacks and start building a long term online business.
In order to be completely successful there are many things that have to go your way. You also have to get just a little bit lucky. There are, however, a few things you never do if you want to successfully create automated passive income.
Here is a list of rules you should follow when trying to create successful passive income streams.
5. Do Not Put All of Your Eggs in One Basket - This old saying has never been more true than when discussing your online business.
Ecclesiastes 11:2 states 'Give portions to seven, yes to eight, for you do not know what disaster may come upon the land.' Focusing on one area of your online empire can be a good idea but in order to reduce your overall risk your business should have at least three money making areas. If one area gets slapped or stops producing you will have the other two to support you until you can replace that income stream.
4. Do Not Stick it to the Man - Do not quit your day job. 99.99% of internet marketers will fail and chances are more likely than not that you will be among the failures. Do not let this discourage you from working hard and giving it a real chance. I am merely suggested that you should not put your families welfare in jeopardy unnecessarily.
3. Do Not Get Distracted - A common mistake made by many people who do not have a ton of experience working online is that they get distracted easily. Anytime a new eBook or program comes out they rush out and buy, leaving whatever they were working on collecting dust.
Pick one technique and follow it to its logical conclusion.
2. Do Not Spread Yourself Too Thin - Most techniques online will work to some degree. One thing that will not work is trying to do too much too quickly. You are only one person and spreading yourself too thin will only lead to headache.
1. Do Not Give Up - If you enjoy creating income from your knowledge you can make some serious money online. If it is your passion you can make it work. If you quit now you will never know if you could have been part of the 0.01% that makes it big!
Ethan Thomas has been working online for three years now and has set up numerous websites and WordPress blogs for himself and his clients. Niche sites such as flapper girl costume and gangster fancy dress are examples of his latest work.
Article Source: http://EzineArticles.com/?expert=Ethan_Thomas
Sunday, 18 April 2010
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