![]() |
Click Here to see the latest posts! Ask any questions related to business / entrepreneurship / money-making / life NO BLATANT ADS PLEASE
Stay up to date! Get email notifications or |
|
SOWPub Business Forum Seeds of Wisdom Forum |
![]() |
|
Thread Tools | Display Modes |
|
#1
|
|||
|
|||
![]() Actually, I love multiple streams of income...
I first heard about the concept many years ago from Gordon Alexander. (Robert G. Allen also wrote a book with that title, though I never actually read that book...) When you think about it, many wealthy people have multiple streams of income... I also have multiple streams of income. Where it can get "crazy" is when multiple things require your attention - all at once! I have three big projects going on now... And they all seem to want my attention! For good reasons - because two of them are going well so far... The third one, I'm not sure yet, but there's big potential, so I don't want to drop it! Does anyone else here get "crazy" with multiple streams of income, when they require your attention all at once? I'm not sure if this is something many others experience, or not... (Or maybe I'm doing it all wrong!) Best wishes, Dien
__________________
|
#2
|
||||
|
||||
![]() The Wankel (rotary) engine. Instead of intake valves, think of pistons in three "corners" of the epitrochoid.
So, one person with 3 balls in the air, never touches all three at the same time. Combine with Binary Matrix to prioritize, and attend to the most urgent, the #1 at the moment. Won't give you any more sleep time, but, really, who needs sleep? This is a THOUGHT idea, not actual process. Gordon |
#3
|
|||
|
|||
![]() Quote:
I remember your "impressionist painter" approach! That's where they would work on multiple paintings simultaneously, moving from one to the other as the light shifted during the day... It's a good inspiration... ![]() Best wishes, Dien
__________________
|
#4
|
||||
|
||||
![]() Quote:
Thanks Dien, wish I could remember all the wisdom we have spouted over the years, that was a good one. A couple of weeks I was talking to a guy who lives in the wilderness, I call him "Grizzly Adams", he lives next to one of the largest parks in Canada and he literally has big brown bears come up to his house. But recently, it was a beaver which gave him a moment of concern...he (and I) didn't know how fast these things are on the ground, and if they attack they can do a lot of damage... so, his story led me to study beavers the last few weeks, I watched documentaries, the Nature shows, etc. and read all I could. Fascinating creatures and they are now using sound recordings to get beavers to build dams in strategic locations and the best studies show, that contrary to old ideas, they actually help the local ecology and are very beneficial to raising the water tables. OK. So what? Some streams of income begin dry up over time, and go from a wonderful cash flow to a trickle. Borrowing from the Beavers, consider building a dam, which will create a reservoir of income. Example: Dien and I have sold tons of information products over the years and me, believing in time limited offers which really DO expire, have retired several works which produced a healthy stream of income. Why? Waiting for a new parade to come by. So the stream may have slowed to a trickle, but with some reserves, I can open the flood gates at any time to keep that stream flowing. Also, some of those things had dates, and need updating, usually 4 or 5 years later when the new parade has swelled to the point it will be NEW to them. AND, it is a good idea to have several small streams, all via Absentee ownership, which contribute to larger streams. I think Dien and I have both invested in other people for a piece of the pie. Some have continued paying for that investment for several years. Juggle 3 if you can, but have twice that many in force through OTHER PEOPLE'S EFFORTS. |
#5
|
|||
|
|||
![]() Quote:
I think you're right! By the way, I have focused on getting "toll positions"... I'll reveal one right now. I own... http://bit.ly/2axfUB2 (A "toll position" set of products plus website I acquired last year... I acquired the full copyrights...) I've actually done nothing with it. Always planning to... So many projects, and so little time... ![]() (My other projects are higher priority at the moment, though...) Best wishes, Dien
__________________
|
#6
|
||||
|
||||
![]() I'll reveal one right now. I own...
http://bit.ly/2axfUB2 ********** I like it. How about a counter-point, Real Time Survival for the Couch Potato. Or, for the college student, or for the urban, suburban NON adventurist. Here is where you give serious consideration to Ankesh's advice, hire some help, I see a lot of affiliate opportunities. How about offering a device, like a mp3 player http://www.rakuten.com/prod/eclipse-...gAaQodJJg Fqw loaded with all the audio, for something between 99 and 149 bux. This way the adventurist has everything she needs no matter where she seeks adventure...unless she's looking for Mr. Goodbar. HA! Gordon PS You can find a lot of these in the 10-15 buck range. http://www.ebay.com/itm/like/3913718...&ul_noapp=true Send one with an SD slot, now you have a way to offer them new material as it is developed. Last edited by GordonJ : July 28, 2016 at 11:04 AM. |
#7
|
||||
|
||||
![]() You can get anything done as long as you have enough help. Time to hire maybe?
|
#8
|
|||
|
|||
![]() Quote:
You know, you're right, I think...! I should chat with you on the best way to hire people... I have a feeling you know what you're doing. ![]() Best wishes, Dien P.S. I have hired "freelancers" before, but always for specific jobs... That's about it, though...
__________________
|
![]() |
Thread Tools | |
Display Modes | |
|
|
Other recent posts on the forum...
Get the report on Harvey Brody's Answers to a Question-Oriented-Person