Multiple streams of income have officially started pouring in.
OK.
Admittedly it is more of a trickle, but where do you think Warren Buffett started?
Starting the Forward Motion Studios Blog 10 months ago, with massive support from Cath, had many purposes. A place to keep our clients up to date on online marketing best practices, educate interested parties on the elements of web development, and pitfalls to avoid.
A great start... keeping those checks coming!
The blog also gave us a great place to highlight our affiliate relationships with supporting companies.
As an online marketing company, we are always talking to clients about the benefits of email marketing as part of their overall plan. Highlighting our affiliate partnership with iContact was a perfect fit.
This past week, we had been discussing a few upcoming projects and their impact on my constant goal of multiple streams of income when I started sorting through the mail.
So imagine my shock when I got my first check.
It came from iContact from their partner program. Money through the mail. I love this concept. The whole experience of getting that check gelled the importance of multiple income streams.
The next day my second jewelry sales check showed up = Bonus.
We aren’t talking thousands yet, but its the start I needed to keep me on track for the next few ventures.
Sparkly jewelry profits are starting!
What is a Good Business?
One of my favorite finance gurus, Warren Buffett, has some great insights on three kinds of businesses — extraordinary ones, average ones and of course, businesses of the worst kinds.
I’ll spare you the gory details of the average and worst kinds – we see these everyday and probably don’t need any reminders after 2009.
So what are good businesses?
The best are the ones that have the opportunity to tap into multiple streams of income. Ideally, with minimal investment.
Mr. Buffett talks in detail about this opportunity in his letter to the shareholders for Berkshire Hathaway, and in this exclusive interview from Huffington Post -
What does minimal investment mean for small business?
With the projects I am working on, it’s time and energy.
We are doing the research, writing the content, and since we are a design studio, doing the layout for the presentations, and very soon, e-books.
Would it be pretty impressive to have the book printed and bound? Sure, but outside printing isn’t in our budget for this project and punching holes and spiraling binding workbooks at 1:00 am is part of the job. For this next round of expansion.
What is your 1:00 am project? Do you have something in the works to expand your product or services? Does your significant other typically have to remind you to go to bed?
Maybe this is just me . . .
Leave me your 1:00 am comments and keep those good business ideas in the works.
Heather’s dream is to have multiple streams of income, starting with launching an e-commerce website that showcases her one-of-a-kind designer jewelry, which are crafted by her. Her newly launched sites are couture jewelry available through For Your Adornment, and Twitter background designs on Twitter And Beyond Dot Com. She also teaches Social Media tactics for business, besides being CEO of her own web design company. Heather’s post day is Thursday.
Heather’s dream is to have multiple streams of income and share with the world successful product launches so that she can successfully launch her own product line. You can find Heather online at her e-commerce ventures: For Your Adornment; and Twitter And Beyond Dot Com. She is CEO of her own web design company. Heather’s post day is Friday. +Heather Montgomery
This content is published under the Attribution-Noncommercial-Share Alike 3.0 Unported license.
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Whoo hoo, your streams of income are starting to flow! Makes all those 1:00a.m. projects worthwhile.
We’re banking on our soon to be launched http://www.club-bitch.com (via your web design) to earn us various streams of income. Cha ching!
Im with Toni, thanks to you my website launching my consulting and coaching practice will be up and running and creating opportunities for business owners everywhere to say “I want that” – :)
I have a few 1am projects right now, one that I’m excited about is a book chronicling the first two years of the the SoCoPhoGro and our outings and photos from those events. W’ve been to some pretty awesome places and have captured some very unique points of view that maybe others without the photographers eye wouldnt see.
I’ll help you do the spiral binding if you help me edit!
I dont have a significant other telling me its time for bed…but the dogs do get cranky if the lights are still on at 1am. lol
You rock! Rem
and I’m pretty sure warren is on direct deposit.
I have a 1:00am ebook project – that is if I could actually be awake at 1am.
So mine is more like an every Sunday afternoon ebook project . . .
Working this blog consumes the rest of that time.
Congratulations!
Cath
HA! Yes, that is probably true… directly infused into his investments.
Great Article.
My side business pays my debt. It feels good when someone else pays my bills. That way my hard earn money go to me.
Side income streams are great because one will always work when another doesn’t.
You are always covered in some way!
directly infused into his martini’s, as it should be.
Mel – absolutely right. Thanks for the comment!
Do you have a top comment page to showcase your finest blog commentors? And how can we get more involved in this process?
Give a man a fish, and you feed him for a day. Teach a man to fish and you feed him for a lifetime.
The truth is, in order to be successful and create substantial income, you need a keen business sense like you obviously have, and you need to invest money, blood, sweat, tears, and time. Getting rich the fast way is reserved for the few that produce extraordinary ideas (Think Mark Zuckerberg, co-founder and CEO of Facebook).
I have been blogging since 2007. For years I made a few bucks here and there with Adsense and some affiliate sells, but I wasn’t making enough to quit the day job for sure. I tried getting traffic from Adwords, SEO, Yahoo, article marketing, social sites, and even email. The problem was that I just couldn’t get enough traffic to really make anything. But maybe I should have gone with the affiliate model – I’ll have to think about that. I would love to receive bigger checks in the mail!
Real happiness is not about being immortal or driving the fanciest car. It’s about having each tiny wish come true, or having something to eat when you are hungry or having someone’s love when you need love. It’s aslo loving what you do everyday. All the money in the world cannot make you happy.
There’s a book known as “Avoid Retirement And Remain Alive”. The notion will be the simple fact that retirement has no location in current society. In the event you are able to make work pleasant by balancing it against the other points you’ll like to try and do, then you definitely can easily live like you’ve got all of the time within the globe.