Choosing the right income strategy for you
I desperately want to make some extra money but I don’t know how. There are hundreds of different business opportunities out there and I just don’t know which to choose…’
Is there a system that you recommend?’
As you can imagine this is quite a difficult question to answer without knowing more about the person asking it.
We all find ourselves in different circumstances – in terms of finances, commitments and time and we all have different interests, needs, wants and desires.
So what I want to do is to share with you 4 main factors to consider when choosing the right income stream for you.
Factor #1. Money – How much have you got and how much do you want?
Firstly, how much money have you got to invest in a money making system?
It’s no good looking at a system that costs £1,000 if you’ve £50 to spend so you have to be realistic in with what you can afford.
Secondly, how much money do you want to make?
Again, you can’t really expect to make £250,000 in your first year you’ve only £1,000 to invest in the system itself so you need to set a realistic target.
So what you need to do is have a look at how much money you have to spend on a system and how much money have have to invest in putting the system in place and then decide how much money you want to make every month.
If you’re happy making just an extra £500 a month, there’s really no need to go for a system that promises to make you an extra £6,000 a month.
On the other hand, if you want to make an extra £6,000 a month then you would be wasting your time in looking at a system that only makes £500 a month – unless of course you want to make the said £6,000 per month through multiple sources.
A lot of people I talk to have very limited funds to get started with, sometimes less than £200. But at the same time are happy with an extra £500 a month.
If you fall into this category then I highly recommend you try Bonus Bagging. The system itself costs just £27 and will earn you £500 a per month with a starting pot of just £100. Which by the way is never at risk.
Factor 2. Knowledge/Experience -Do you even know what you’re doing?
Some systems don’t require you to have any knowledge or experience at all. Bonus Bagging which I have just mentioned is one such product. You don’t need to know anything about betting, how odds work or anything like that. As long as you can click your mouse and follow simple instructions you will make money.
This cannot be said for all products.
Some products require you to have a basic understanding of the subject matter before you start – if you don’t have this basic understanding, you’re creating a disadvantage for yourself right from the off and your chances of failure will be much greater – and nobody wants to fail!
If you’re not sure whether you need experience to make a system work or not, get in touch with the product owner and ask. Most reputable product creators will be honest about what experience is needed – some however, may not be and will be happy to have you buy their product knowing that it’s not right you.
This is one of the reasons why the ‘Make Money’ market has such a bad name.
But don’t worry, I’m on you’re side and if you’re not sure what sort of experience is needed in order to make a product work, you can get in touch with me here and I will do my best to check it out for you.
Factor 3. Time – How much do you have and how long does it take?
The third factor that you need to consider is how much spare time you have to put into a new venture.
The biggest drain on time for most people is their job and it can be really hard to motivate yourself to start again when you’ve just got home from a hard shift at the office. So it’s incredibly important to assess how much spare time you have outside of work and your other commitments, and more importantly, how much of that time you’re willing to invest in creating a second income.
If you want to set up an eBay business for example, a product like Easy Auction Business can require quite a lot of time investment in market research, finding the most profitable suppliers, listing your products etc.
And then there are products like Bonus Bagging (I know I keep harping on about it) which requires roughly 15 minutes every few days to make an extra £500 per month.
And then there’s everything else in between.
So before you buy into a money making system, make sure you’re comfortable with the amount of time needed to put it into action.
Factor 4. Interest – Are you even interested?
It is much easier to make a success of any income strategy or business opportunity if you have a genuine interest in what you’re doing.
Being interested will make you more committed to finding the money to invest, you will more than likely already have some basic knowledge of the system and you will be more committed to finding or CREATING the time to get your chosen system up and running.
As your level of success grows, so will your interest and so will your profits.
However, if you hate eBay then a product like Easy Auction Business is probably not for you.
So as you can see, being interested is absolutely vital if you are to make your new venture a success – if not, you WILL fail.
By taking these four factors into consideration BEFORE you invest in a second income strategy you will save yourself a lot of time and money on wasted ventures.
You will also find greater success in the strategies that you do chose to invest in.
And that just about wraps it up for today!
If you have any comments, suggestions or questions, then just comment below.
All the best,