Although few people consciously pursue this objective, multiple passive income streams are indeed the quickest way to financial freedom.
And there is no better time to start on that trajectory than right now, as the New Year beckons.
Why Multiple Passive Income Streams?
Well, two pay checks are better than one. Three are even better. Get the point? When you have an online business, you pretty much write your own paychecks. So why write just one when you can write yourself more checks?
If you want to make more money online, why restrict your endeavour to only one method? Especially if you can start producing multiple passive income streams. Passive income streams are sources of revenue that you can set and more or less forget. They require little effort to maintain and reap regular profits from.
But just in case you’re not convinced, here are a few more reasons…
How can reframing an online business question help you get better results? Quite simply, it is about shifting your focus away from yourself and onto the needs of your target market.
If you are feeling frustrated by a lack of success, it could be that you are asking the wrong questions.
Typical questions that frustrated Internet marketers ask are:
- How can I get more prospects?
- How can I get more subscribers?
- How can I get more customers?
- How can I make (more) money?
Each question is really a cry of frustration: “I am frustrated because I don’t have enough prospects / subscribers / customers / money.”
But questions that begin with “How can I get / make…?” are not just expressions of frustration. They are also ADD to the frustration you already feel. They help to keep you in a negative loop.
The reason is because the focus is on your needs as an Internet marketer, and not on the needs of your target market.
What you need to try and do is have each business question help you discover positive solutions. Then you must take appropriate action.