Eggs, Baskets and Multiple Streams of Income

Written by Elena Fawkner

One ofrepparttar legacies of 9/11 is that that large sections ofrepparttar 117949 U.S. and world economy have taken a body blow.

Every day we hear of more and more companies who plan to lay off large numbers of workers (or have already) as they strive to reposition themselves to ride out what repparttar 117950 doomsayers predict will shortly become a full-blown recession.

As much as you can intellectually sympathize with a decision that effectively sacrifices a few forrepparttar 117951 good of repparttar 117952 many (i.e.,repparttar 117953 ultimate survival ofrepparttar 117954 business entity andrepparttar 117955 jobs of all those left behind), if you'rerepparttar 117956 one in repparttar 117957 firing line it's pretty cold comfort that others will be more financially secure as a result of your sacrifice.


It's not unusual for people in such a situation to begin to rebel againstrepparttar 117958 idea of having their financial destiny in someone else's hands. Quite right, too. The response of many in this situation is to begin to think about working for themselves, to be free ofrepparttar 117959 tyranny of being dependent on others for their financial survival.

Unfortunately, however,repparttar 117960 failure rate of new small businesses is high and they take time to get up and running. So thinking about and actually starting a new business AFTER you've lost your day job is too little, too late.

For this reason, many people start their own business part-time, while they're still working full-time. This approach has several advantages, not least of which is a financial cushion (i.e., your salary) duringrepparttar 117961 time you're building your business.

The goal of most such business owners is to eventually become successful enough to allow them to quit their day jobs and work on their own business full-time. Fair enough.

As recent events have shown, however, no-one is immune from financial vulnerability whether you be employed inrepparttar 117962 full-time workforce, a struggling home- based entrepreneur running your own small-scale travel agency or anything in between.


So how do you know what to choose as your livelihood to ensure that you will never again be subject torepparttar 117963 vagaries ofrepparttar 117964 economy, to ensure that your financial future is secure?

The cold hard truth is that since you don't have a crystal ball, you simply don't. After all, who could possibly have foreseenrepparttar 117965 events of 9/11 (other thanrepparttar 117966 FBI andrepparttar 117967 CIA)?

Whatever your job, career, business or investment strategy, things can take a downturn. Does that mean you have to take a downturn right along with them? Well, if all your eggs are in that particular basket, it does. But what if all your eggs are not in that basket but only a few of them? Well then, you simply divert repparttar 117968 energy you were expending onrepparttar 117969 basket that's gone south intorepparttar 117970 ones that are still headed north.


Multiple streams of income isrepparttar 117971 key. You've probably heard ofrepparttar 117972 concept in terms of running an online business. It means don't just sell one product or service from your website, sell several so that if one bombs, your livelihood doesn't have to.

Well, you can applyrepparttar 117973 same approach to your life. Who says your only choices are to work full-time in paid employment, work full-time in your own business, or work full-time in paid employment and part-time in your own business?

Growing An Online Business ... Doing The Right Things At The Right Time And Doing Them Right

Written by Elena Fawkner

Once you get pastrepparttar initial utter confusion and "overwhelmingness" ofrepparttar 117948 scramble to learn how to start and run an online business,repparttar 117949 time eventually comes to dispense withrepparttar 117950 training wheels and just get on with it.

A common trap for new online entrepreneurs is to try and perfect their website before inviting anyone to come over. It's true that you shouldn't submit your site torepparttar 117951 major search engines and directories while your site's still truly under construction but at some point you have to stop developing and start marketing. Your site will NEVER be finished and it will certainly never be perfect. If you wait until it is before you start inviting guests, you're going to be one very lonely webmaster indeed.

Working on your website is fun. The visual results are immediate and, as a result,repparttar 117952 self-gratification you feel admiring your handiwork becomes addictive. After all, it's a helluva lot easier to control how your site looks and works than it is to actually drive traffic to it.

Because of this, andrepparttar 117953 fun factor, there's a tendency to spend a disproportionate amount of time dabbling with your site, tweaking this and that and trying out new cgi scripts whenrepparttar 117954 time has long since passed when you should have started working on driving traffic to your site already.

To make a success of any business, including an online one, you must strive to always be doingrepparttar 117955 right thing,repparttar 117956 right way and atrepparttar 117957 right time.

Because being disciplined is so important to making repparttar 117958 most of your time, I find it helps if I commit to spending a certain period of time every day to one or more ofrepparttar 117959 marketing activities listed below and getting it over with as early inrepparttar 117960 day as possible. Then I can enjoyrepparttar 117961 reward of spending time on areas of my business that I find more enjoyable such as writing articles, and sourcing new and interesting programs for my website visitors. By gettingrepparttar 117962 marketing chores out ofrepparttar 117963 way first, you can enjoy repparttar 117964 rest of your day guilt-free. (That's not to say that all marketing activities have to be "chores". It's just that some are more enjoyable than others.)

Be especially careful of your time when it comes to email. This is another common trap many online entrepreneurs get sucked into. It comes in endlessly and builds up quickly. We are always so conscious that it's sitting there waiting to be read and responded to that it can become a major distraction. Try to read and respond to your email in one or two sittings at particular times ofrepparttar 117965 day. And impose a time limit too. This will force you to work more efficiently. (The exception is email from customers who need your assistance. You need to devote whatever time is necessary to correctingrepparttar 117966 problem.) If you're not disciplined when it comes to email you can quite easily fritter away an entire day and another and another with very little to show for it.

OK, so here's a list ofrepparttar 117967 top 15 things you should be doing to market your online business once your site is ready for launch. You don't have to do every one of these activities every single day (although if you do your business will certainly have a lot to show for it) but do strive to do at least a few. The results will definitely be worth it.

1 Submit Your Main Pages torepparttar 117968 Search Engines

Once your site is "ready" (bearing in mind what I said above), your first job is to hand submit your main pages torepparttar 117969 major search engines.

My "majors" (opinions differ) are:

Yahoo - (fee) Alta Vista - (free and fee) Northern Light - (free) Excite - (fee) Hotbot/Lycos - (free) Looksmart - (fee - get listed with Looksmart and your listing will also appear at MSN, Excite, Alta Vista, iWon, Webcrawler and CNN)

It takes anywhere from several weeks to several months to get listed with some of these engines so start early.

Then submit torepparttar 117970 "minors" (i.e. allrepparttar 117971 others).

Visit forrepparttar 117972 latest news onrepparttar 117973 search engines and what you can do to improve your rankings.

Automaterepparttar 117974 process of search engine submissions as much as you can. The program I recommend ahead of all others is Webposition Gold. Check it out here: .

2. Submit Your Home Page to Directories

There are literally hundreds so this will be a time- consuming job. Aim for ten per day and you'll make progress. Visit for links to hundreds of directories.

3. Publish An Ezine

For information about how to do that and generate subscribers, read "Growing Your List" at . If you're new to ezine publishing, an excellent resource is's Ezine University at .

Try to write your own original articles for publication in your ezine rather than relying on other people to provide your content.

Make sure you have a sign up form on every page of your website and a pop-up page inviting visitors to subscribe. To see an example of this in action, visit

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