Diversifying to Build a Living Income
May 10, 2013 By Paula Atwell Leave a Comment
I have just finished reading an excellent post by Darren Rowse of ProBlogger. In this post, he discusses the history of how he has built his income over 10 years of blogging. I highly suggest that you also read his post.
I have been urging the people I meet online to diversify their income streams for a while. Rowse shows us this in a different way. My advice has been to diversify so that you do not rely on just one income stream to keep your income going in the event that one income stream fails. But what Darren Rowse has shown in his article is how little by little he has built his income streams over time through diversifying.
And it doesn’t happen overnight.
One of the things I love about this most recent post is that Rowse reiterates that each of his income streams started out small, and through trial and experimentation some of them panned out into larger sources of income. Other experiments did not offer income up front, but after the fact as the result of what he was doing. And he doesn’t talk about possibilities that failed but I am sure there were those that happened as well.
Many of us get stuck in a sort of rut when we start earning an income online. We get used to one way of doing things, and then forget to look for other ways. Diversification does not just mean going to more than one site of the same type. It can also mean trying out a totally new type of activity. For Darren Rowse, that was going from writing to speaking. For you, it may mean going from writing to making videos.
Whatever you choose to do, do not stay stagnant in just one place. Continue to stretch your comfort zone, and your income will follow.
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