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=>The goal of Multiple Income Streams: passive income
The goal of all this busy-beavering is passive income. That is, work that brings you in cash long after you've completed it. If you're a writer or artist, this is books that you've written that are bringing in royalties, or that you're selling on your own Web site. If you're a photographer, it's stock photos you've licensed that bring you in fees whenever anyone uses them. If you're a Web designer, it's hosting clients' Web sites.
The big benefit of
creative life is being able to license your products. If you're just selling your time, your income is limited by time you have to sell, and you'll always be pushing for next project, hoping that it's a long one at a good hourly rate.
Think "intellectual property" and "products" and picture changes. Imagine if you create one product every few months, and sell one copy of that product each week. The more products you create, more you'd be selling, and more $$$ you'd have coming in.
=>Actively look for Multiple Income Streams
The world is changing fast. Most of jobs around today weren't in existence a decade ago. Actively looking for your own Multiple Income Streams means that you won't be blindsided if your current work dries up for whatever reason.
Here's how to recognize a new Income Stream that's right for you:
* it gets you enthusiastic;
* you feel you can do it right now, or with some practise or training;
* it has a market.
Developing Multiple Income Streams takes time, energy and talent, and you've got that. Get started today.
***Resource box: if using, please include*** When your words sound good, you sound good. Author and copywriter Angela Booth crafts words for your business --- words to sell, educate or persuade. Get in touch today for a free quote: mailto:ab@digital-e.biz Free ezine: Creative Small Biz --- subscribe at http://groups.yahoo.com/group/Creative_Small_Biz/
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Author and copywriter Angela Booth writes for businesses.
