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RE: The Issue With Multiple Income Streams
I think the key to multiple streams of revenue is that some of those streams are passive.
I think the key to multiple streams of revenue is that some of those streams are passive.
The issue is to have a truly passive income that can support you takes so much money invested. Most people would consider affiliate marketing passive. I get commissions deposited right into one of my business bank accounts be product life cycles run their course, competition enters the market...etc. I could say the same for YouTube. I would make thousands more dollars off my existing content deposited directly into my bank account even if I never logged into my YouTube account again but eventually it will bleed itself out and the money won't be there anymore. I have put a ton of time into it upfront to be able to get those payouts. To keep it going it always has to be milked.