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4 Income Streams Give You a Potential 75% Guaranteed Income When It Goes Bad

Spreading the risk

A silly example is being an ice cream vendor - 4 seasons in a year, all with their different pros and cons.

25% spring
25% summer
25% autumn
25% winter (goes up to 75% if you live in Europe hehe)

It's not a truthful representation of how much they sell in summer or winter, but it's just to prove a point.

If you're one of the less advanced entrepreneurs and you want to make quick summer money, you will focus on having a small shop on a beach or a cart in the street. The sun shines and many tourists are attracted to your stall. Amazing season!

The next year however, there's a lot of rain and people stay away from the coast, a massive drop in income struck you and you fall back to only 25%.

Summary: You focussed 100% of your business on one season. One bad season strikes you and you lose 75% of your income. The struggle will start to overcome the other three months now.

If you're a smart entrepreneur, the ones I try to convince with my consulting services, you will spread the risk and find other sources of income. In the case of the ice cream venter, think of where you can sell your creamy paste when the sun is not shining.

Fill in the three blank seasons, for example:

Spring: Organise cooking classes and teach people how to make their own artisanal ice cream.
Autumn: Try and sell high quantities of your product to hotels and restaurants
Winter: Experiment with hot and cold, sell your ice cream together with a hot Belgian Waffle!

Now you're covering the whole year and one bad season potentially only affects 25% of your income. Your 75% drop of income in the summer now only affects you for about 18% of your yearly income.

Spreading the risk also gives you new experimental breathing space

By spreading the financial risk of your business, you open up new perspectives. If you're only risking 25% of your income, you may start to give it a try to start something new. In the case of the vendor, why not experiment with a new range of non conventional tastes, basilicum ice cream for example!?

It's possible you're tired of your business location. When you've spread the risk, you can find a new spot and test it properly. Should you fail, you can still go back to the roots, but you had a chance for trying.

I'm not an ice cream vendor I'm an online entrepreneur

I know I know. If you're really an entrepreneur, you should get the picture and render this article for your specific case. If you're only generating content, it's a smart idea to find alternative "products" to supplement it.

When I had my military aviation website, my main income was from AdSense. Imaging getting banned for some reason, what do you do?

I spread the risk and started selling my own posters, t-shirts, mouse pads, flight simulator hardware, pilot gloves and suits. I was able to generate at least 6 sources of income and I opened up the option to experiment with ads.

BusinessPJ is a brand new honest approach to achieving a passive income through hard work and logical thinking. Visit http://www.businesspj.com and get started today.

My very best regards,

Pieter-Jan Verschaeve

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Low Failure Risk With Drop Shippers

These days however, there are two ways to effectively curb that risk. One is by getting a free web store to start your business. The biggest cost to any starting merchant is the development and hosting of the virtual storefront. It would take anywhere from a few hundred dollars to start a store, which can easily run up to the thousands. There really is no need to get a custom store at the onset. Especially if you're just testing the waters, it would serve you best to go with the option that wouldn't cost you anything at all. A free web store is the solution for this. There are hundreds of providers online offering cost-free templates. There are even those that already have the full package - including free hosting and a subdomain.

The next secret to reducing your risk as an beginner online seller is using drop shipping for your supply chain management method. In the traditional method of inventory supply, a merchant has to select the products he or she wants to sell online, pre-purchase the inventory given projected demand, have this shipped to his / her warehouse and get manpower to work on keeping tabs on what's available and what's low on stock. The process can be quite costly and will eat into your start-up capital. To make matters worse, there is no assurance that the products you've chosen and have already paid for will be bought by your potential customers.

Drop shipping solves this problem for you. In the drop shipping scenario, there is no need to pre-purchase items. All you need to do is to connect with a supplier and tap into their online catalogue so you can feed it into your own inventory. The listing is only virtual, there is no physical handling of any products coming from the supplier to you as the merchant. So even if you make the wrong choice in products to rel=nofollow [http://www.shopster.com/]sell online, you're not losing money on inventory that just sits there gathering dust.

You could always change up your listings to go with what's in demand. You will never have outdated inventory that never sells. When you do luckily pick a fast-moving product and orders start coming in for those, it's the only time you need to spend. When a customer places an order in your site for a drop shipped item, you need to collect the payment and complete the sale as if the item is already on-hand. Then, place the order with your drop shippers, they will send the item directly to your end-buyer.

It's that simple and it's risk-free for new merchants. Happy selling!

Founded in 2004, Shopster offers a suite of e-Commerce solutions for small to medium sized retailers and suppliers. Over 130,000 online merchants around the world rely on Shopster to simplify the complexities of online retail, allowing merchants and suppliers to manage their store, transactions, and supply chain relationships in one easy to use place. Joining is free, so merchants can focus on growth and relationships, not cost. Shopster is an official eBay Solutions Partner. More information can be found at http://www.shopster.com

Article Source: [http://EzineArticles.com/?Low-Failure-Risk-With-Drop-Shippers&id=6041466] Low Failure Risk With Drop Shippers

High Risk Online Money Making: Is It Worth It?

Some people who have exceptional skills, say, at playing poker, are able to play for money online and do quite well at it. However, in order to succeed at that type of luck / skill enterprise, you have to be willing to take big losses along with the big gains. The same is true for other high-stakes online endeavors. If you want to trade currencies or stocks online, you need to have a high tolerance for risk.

Another risky online money making effort is buying and then "flipping" website domains. While this isn't as risky as trading stocks or playing poker online, you do have the potential for investing a fair amount of money and then waiting (sometimes for quite a while) for someone to really want that domain name. To do this well, you need to have a sharp eye for pop culture that's right up to the minute, and you need to be able to anticipate trends, including possible buzzwords that could become hot domain names.

If you want to work from home, you have to ask yourself if such high stakes ventures as the ones described above are worth it. Only you can answer that. You'll need a fair amount of liquid capital on hand to get started, and you do risk losing some or all of it. If you have a family to support, or no other source of income, the risks just may be too great. On the other hand, if you are single, have multiple sources of income, or can afford to lose some cash before "making it," and have a strong stomach for risk, you may indeed conclude that it's worth the risk.

For most people, however, other ways to make money online are more sensible. Sure, you won't exactly have money raining down on you for freelancing, but with persistence and dedication to improving your skills and marketability, it can turn into a real career, if you can get through those initial lean times. Setting up an affiliate marketing site is another low-risk way to make money online, but again, making it successful requires that you put in the hours and the effort.

If you have programming skills, you will almost certainly be able to market your abilities online. Good freelance programmers who are willing to go after lucrative contracts can do quite well. The risk is not high, but you do have to have the skill set and the ability to market those skills to get the good jobs.

Anyone who is interested in making money by working online should assess their own level of risk aversion, their skills, and their ability to make it through lean times in order to succeed.

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Article Source: [http://EzineArticles.com/?High-Risk-Online-Money-Making:-Is-It-Worth-It?&id=6056373] High Risk Online Money Making: Is It Worth It?

How Big Of A Risk Is A Home Based Business - Really?

What? You're not risking anything with your job?

Well let me ask you this... if you lost your job tomorrow would you and your family be ok financially? My guess is no. And that's a huge risk you're taking because right now people are losing their jobs all the time. When you work at a traditional job your boss has total control over you. If you came into work tomorrow and they told you that you had to be let go there really isn't very much you could do about it. I'm not saying this to scare you however, it's important to realize that people make their entire lives revolve around a job that could be gone tomorrow for one reason or another.

And even if you aren't let go is that job ever going to give you the life that you really want? Are you ever going to get that promotion? Are you ever going to be truly financially free? Maybe the answer is yes... but maybe it's not and what would happen then?

A home based business might be a risk of a couple hundred dollars but a job is risking your entire future and the future of your family. If you lose money in a home based business you're out some cash but if you succeed... your entire life could be changed forever.

I believe that when you really think about it a home based business is well worth the risk because the reward is something that a job can never really give you. Go ahead and take a leap of faith and get more information about a home based business right now... the risk is small and the reward is unbelievably great.

Thank you! I love to write, and I hope you love to read my articles. The internet has made a huge change in my life giving me the ability to make a living using the tool I used to think of as just a toy! Now I enjoy a better life controlling my finances, working for myself and better yet...working from home. If you would like to learn more about how I have created wealth working from home using the power of the internet, then keep reading my articles and visit my website!

Wishing you great success!

Dan Himes

360-396-9039 http://WWW.TheAmericanElite.com

[mailto:portlandsuccess@gmail.com]portlandsuccess@gmail.com

Article Source: [http://EzineArticles.com/?How-Big-Of-A-Risk-Is-A-Home-Based-Business---Really?&id=5149931] How Big Of A Risk Is A Home Based Business - Really?

Low Risk Business Opportunities

Many of us are searching for that one opportunity to improve our life or situation.

It may be for financial gain or chance to prove yourself to others and show off your talent or ability.

Ideas and inventions in, medicine engineering science and technology keep evolving and help improve our lives and environment of today and for the future.

Like an engine, which drives us forward, keeps economies flowing and business developing.

On a personal level, you may see a marketing opportunity a niche to develop that others have not.

Dragon's Den the TV program shown in the UK encourages entrepreneurs to come forward to present their business idea's to a group of millionaire business investors.

If the investors are presented with an opportunity, they consider worthwhile an offer may be made to invest.

The size of the investment depends on how they view the risk/reward ratio.

If the risk is high with the potential to make little return or even a loss then the investor will require a high proportion of the business.

In the opposite situation when the business opportunity is seen as low risk with potential high rewards then the negotiations can change in the business proposes advantage. The investors have seen a good business opportunity that through their knowledge and experience in the market can develop further.

One of the main reasons why budding entrepreneurs enter the Dragon's Den is not only for the investment but also for the expertise that the Dragon's provide.

With online business opportunities the same sets of rules apply, low risk high reward with the backup and support provided through knowledge and expertise in the business.

The opportunity, which you seek, has now presented itself, but can you see it? This all depends on your mindset; you will either grasp it with both hands or come up with various negative scenarios of why it will not work for you.

Sitting on the fence, you are not committing yourself either way. The ship will sail without you and all you can do is gaze in to the horizon.

The Dragon's have the foresight, strength and determination and will grasp an opportunity and run with it, that is why they are successful. In order for you to replicate the same success then develop the same mindset.

Successful entrepreneurs can review a business opportunity and see the potential rewards.I have reviewed such an opportunity which applies all the rules open right now to those who have the vision and determination to succeed.

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Top Reasons You Need a High Risk Merchant Account For Your Online Business

There are actually plenty of reasons why you need to get one for your online business (especially if your business are in so-called high risk industries like telemarketing, travel services, online pharmacies, online dating services).

Just imagine making your own purchase of a product only to realize that the store won't accept your kind of payment -- that is enough to raise the Hades off you. No one wants a very irate customer. A satisfied customer means a worthwhile a sale, possible sale in the future and a terrific marketing tool. A happy customer would generally tell his friends about great products and services. So always look into expanding and upgrading your business options as much as you can -- that includes applying for a high risk merchant account. You will need it sooner or later. You can bet on it.

And there's no need to fear rel=nofollow [http://www.ecorepay.com]credit card processing anymore. You can expect standard security to protect your customers as they make their purchase and to you as a merchant as well. There is already a pretty strict set-up online that protects customers from fraud internet scammers that actually make profit. There are many service providers already available online who see to it to cater to their clients' needs including customized services to fit your requirements. You ought to give it a try in the near future as well.

Not all high risk merchant account providers are created equal. A good merchant account provider would be a strong alliance in building your business. Do your research and choose the best merchant account provider for your business. To find out more about high risk merchant accounts visit [http://www.ecorepay.com]http://www.ecorepay.com.

Article Source: [http://EzineArticles.com/?Top-Reasons-You-Need-a-High-Risk-Merchant-Account-F...] Top Reasons You Need a High Risk Merchant Account For Your Online Business

Fundamental Risks in Buying Websites to Make a Profit

When you first start off in buying websites, you will have to accumulate a portfolio of domains before you can do anything else. This takes time; and should involve many careful decisions.

If you don't immediately have $10,000 to drop into buying a fully established website, it is difficult to envision a scenario in which you could become truly wealthy in a matter of months. However, if you are patient and use common-sense strategies, then you should be able to grow your portfolio of websites over time to the point where you can live a financially-secure lifestyle off of its gains.

With this said, do yourself a favor and avoid trying to make millions overnight. Making millions overnight is ridiculous. It simply will NOT happen. Slower, more careful, and more long-term thinking is more likely to make you a very good income than a mentality that prevents you from looking forward, planning, and being ready for a variety of different possible outcomes.

What Risks are Involved?

There are two primary risks involved when it comes to buying websites. The first type of risk is a liquidity risk.

Liquidity Risk

When you build up a portfolio of websites, your end goal is always to sell a website after it has increased in value. However, in many cases, you won't be able to get good price unless you're willing to wait months or sometimes a few years.

This is where the liquidity risk comes into play: when you move your assets from something that can be used immediately (say, cash or a treasury bond) into something that cannot-say, websites-you create the possibility that you will need money (either to pay bills or to capitalize on a better opportunity), but simply will not be able to access it in time.

This is an important thing to keep in mind when building up a portfolio of websites. At some point in the future, there's a good chance you'll face such a liquidity problem; and will have to decide whether to sell your websites at a steep discount (say, as large as 40%) just to recover some cash to pay bills or buy into more lucrative opportunities.

It is important to note, however, that selling at a loss isn't always a bad thing. Sometimes, it's unfortunate that you don't have the cash available to make a purchase-and instead need to liquidate your websites at a discount-but it can sometimes be worth it.

For instance, let's say that a new top level website becomes available; and the race is on to grab this popular website, but all of your cash is tied up in a large portfolio of websites. As much as you might cringe at the thought of doing it, liquidate some of your websites that you expect won't grow very quickly in the near future; and recoup some of that cash to buy up the popular website. In the long run, you'll be glad you ate the temporary loss.

Fundamental Risk

Regardless of how much money you have and regardless of what strategies you employ to construct your website portfolios, it is hard to avoid the fundamental risk inherent in dealing with any class of securities. In this case, you need not look any further than the bursting of the Internet bubble.

As the Internet became wildly popular and cable and DSL connections became more common, investors dumped hundreds of millions of dollars into websites. Not surprisingly this massive jolt to demand, this skyrocketed the value of websites, making it possible for Internet entrepreneurs to reap a profit during a small window of opportunity.

Unfortunately for many Internet entrepreneurs, however, it wasn't possible to predict when the bubble would burst; and how severe the consequences would be when it did. As a result, many got left with large portfolios of websites that rapidly lost value over the course of a few years.

This, of course, is an extreme case, but it is a powerful illustration of the fundamental risk that is inherent in any portfolio of assets, including a portfolio of websites. So keep this in mind when constructing your online website properties.

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Just How Risky Are High Risk Merchant Accounts - Digging in Deep Into Credit Card Processing

Every business is different and that also means different needs for payment processing. High risk accounts are best for businesses that are in the telemarketing, online dating, replica, online gaming, pharmaceuticals, and travel industries.

But this doesn't mean you should totally forget about your growing online dating business. You should not stop pursuing your preferred business. There are numerous online businesses that help internet merchants and provide your business what it needs. That includes lowering the risk of fraudulent transactions, reducing chargebacks and allowing you to receive different forms of payments. Services are even already available online and you don't have to sacrifice your business at all.

So, does your business need a high risk merchant account? You may need to assess your business needs and requirements to finally avail of the most effective solutions to make everything a smooth and breezy ride all throughout.

Not all [http://www.ecorepay.com]high risk merchant account providers are created equal. A good merchant account provider would be a strong alliance in building your business. Do your research and choose the best merchant account provider for your business. To find out more about high risk merchant accounts visit [http://www.ecorepay.com]http://www.ecorepay.com.

Article Source: [http://EzineArticles.com/?Just-How-Risky-Are-High-Risk-Merchant-Accounts---Di...] Just How Risky Are High Risk Merchant Accounts - Digging in Deep Into Credit Card Processing

5 Cautions to Heed When Starting an Online Home Business

When we start anything new there is an intrinsic risk because of the word "new". It is uncharted territory. It is a day of discovery. And while we might have some frame of reference for this new field, we have not yet been there before.

Hence we need a little caution. At least enough caution to not dampen our enthusiasm but to give us good view of what we are getting ourselves into. After all, it is a new venture. Some would like to turn it into an "adventure". I've heard a definition of adventure as, "starting on a journey not knowing how it will turn out."

Be that as it may "forewarned is forearmed" and I would like to put forth 5 cautions that hopefully will not dampen your entrepreneurial spirit but might just refine it a bit:

1. With whom will you be associating? Are they experienced, approachable, humble or are they feeding your malnourished sense of greed with outlandish promises and projections rather than encouraging your dreams may come true with hard work on your part?

2. Are you realistic about cause and effect, sowing and reaping? In the internet business it is those who persevere that win. If you believe the hype that you can make a full-time income in less than a month you deserve the broken dreams that follow. Commit to the tasks at hand and they will pay off in time. When your residual income meets and exceeds your current work income you can make a decision at that time whether to quit or not. At least then the choice will be yours.

3. Not everything is as it seems. Flash and splash have conquered many a soul. Do your research. Google is your friend. Don't believe EVERYTHING you read but weigh the positives against the negatives. At the end of the day the risk is yours, not the company you are investing in.

4. Be careful of proprietary information you have to pay for. There is a trend in internet marketing these days from those who know what they are doing to give away information (E-Books). If you have to pay for information to succeed you are wasting your dollars when there is so much available at no cost.

5. Is this really what you want to do, with what you will have your name and reputation associated? Are you prepared for the derisive comments from the non-risk takers? If you have thought that part of it through and can still commit then by all means do.

Some people view cautions as roadblocks. I view them as road signs, pointing the direction to where I'm supposed to go because whoever put up those signs has been where I have not and has some priceless information for me.

Why don't you join me on this journey?

Dan Thiessen
[mailto:hosannaman@gmail.com]hosannaman@gmail.com

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Why Working From Home is Worth the Risk

By just having as little as an Internet connection, anyone is full capable of starting an online business that allows them to work from home. The only thing you are really risking when doing this is your time, not your money.

Why is working from home worth the risk?

When you begin your work from home ventures on the Internet, you do not have to quit your job. In fact, do not quit your job! For some reason, people have it in there heads that they can get rich within a short amount of time working on the Internet. When this is completely untrue. It's just like any other business. It takes time to build, however, with the right mindset, you can achieve your financial goals easily with the Internet.

Have people been able to get rich by working at home on the Internet?

You bet, however they certainly did not start by quitting their and get where they are today overnight.

Building a solid income stream over the Internet takes time and work, however it does not require any investment. You are able to do this without spending any of your own money.

Work from home jobs are completely worth the risk. All you risk is your time. It is something you can do part time. After work, before work or whenever you can fit in the time to do what you need to do on the Internet.

There are several legitimate home based business opportunities that many have found financial freedom from doing. To learn more about how you can start your own home based business, visit ==> [http://onlinebusinessunderground.info]Online Business Opportunities

Article Source: [http://EzineArticles.com/?Why-Working-From-Home-is-Worth-the-Risk&id=4174937] Why Working From Home is Worth the Risk