March 25th, 2009 by andum | Posted in Blogging, Customer Service, Make Money, Opportunities
photo credit: philectric
The ongoing economic turmoil and uncertainty has dominated the news. There is a fear that this recession could be the next depression, that nobody is quite sure of the way out of it and that government actions will have consequences long after the recession is over. Or maybe you or a family member, friend or neighbor has lost his or her job or is worrying about losing their job. The objective of this post, though, is to highlight opportunities amongst the bad news.
There is positive news. Some businesses are doing well. For example, discount stores are doing well as people want to save money on their everyday shopping items. Liquidation auctioneers are busy, homes are becoming more affordable, bringing in speculators and bicycle sales are likely doing well.
Let’s take a look at some other changes that are underway and see if there are opportunities.
Adversity necessitates creativity. Entrepreneurship and innovation increase during tough times. Now, the internet allows anyone to start a website and turn a hobby or passion, an interest or even their drive to succeed into a potential source of income, an outlet from the bad news or a source for other people’s benefit. And, you can now work virtually, for someone across the globe – you are no longer limited to a job that requires commuting. If you don’t have a website, think about starting one. Out of work, learn about social networking to help you find a job. Examples of social networks include LinkedIn, Facebook and forums or community dependent websites that drawer visitors in to discuss topics that interest you. Have special expertise, writing or graphic design skills, think about becoming a freelancer. There are many sites on the web that help freelancers find work.
Popularity: 11% [?]
October 21st, 2008 by Matt | Posted in Blogging
This is Part 2 of the series How to Build a Blog for Residual Income.
In Part 1 of this post, I explained why residual income is a worthy goal, and presented one of my favorite books, The 4-Hour Workweek, which goes to great lengths to explain different ways in which you can create a sustainable flow of residual income for yourself. In this post, I’ll begin the process of showing you how to create a blog for one of these channels of residual income. Please keep in mind that blogs offer only one possibility for residual income in your life, and that to be most effective, you should strive to create other channels of residual income for yourself. When you do this, even if each stream of income is only bringing in small amounts of money, when you add them all up, the results can be overwhelming!
For my blogs, I tend to use either Blogger or WordPress, so my experience with other platforms is limited. For this series of articles, I’ll be focusing mostly on WordPress, but may mention Blogger in passing if I feel I can contribute something important. Now, without further ado, here’s a rundown of some of the things I’m planning to discuss in this series of articles:
October 19th, 2008 by Matt | Posted in Blogging, Link Love
G’day, folks! Today, I’m going to begin a series of posts centered around setting up a blog for bringing in some residual income. I’ll begin by answering the question of why one would want to go through the trouble of doing this… residual income offers us the promise of a maximum return on our investment. In this case, our investment is our time, and our return is financial freedom! This isn’t a foreign concept–most of us are used to the idea of getting paid for our time. The only problem is, many of us are spending 60 hours per week or more working for a fixed income. Residual income gives us a better way–it gives us a way to make money while we do nothing! Sure, you have to do some work up-front… but once that work is done, you can sit back and watch the money roll in. For more information on this topic, I’d suggest reading The 4-Hour Workweek. It’s really a great read! (I do receive a small amount of affiliate income from purchases made through this site, but I will NOT promote products that I do not believe are quality and worthwhile). This book covers the essentials of what residual income is all about and how to attain financial freedom in today’s economy. If you don’t trust my recommendation, check out this thorough review of The 4-Hour Workweek from one of my favorite blogs, Get Rich Slowly. Decide for yourself. Once you’re convinced it’s worth your time to pursue one or more avenues of residual income (you’re probably already pursuing some of them, i.e. investing in the stock market, interest earned through your savings account, etc.), come back to my blog and check out Part 2 of this post, where I’ll begin to explain how you can set up your own blog and get paid a residual income for simply expressing your own opinions on a subject of your choosing. Thanks for reading!
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