Earning Multiple Streams of Income from Home PDF  | Print |  E-mail

 

By MariLee Parrish, Mommy Bags Marketing

MommyBagsMany moms ask me how I am able to earn a living from home. So I tell them: Multiple streams of income is what is working for me!  I do not put all my eggs in one basket.  Why? Because people lose their jobs, emergencies happen, companies go bankrupt, etc. I have come up with a system that works for me, and I want to share it with you.

All of the steps below assume that you have a personal computer at home, and internet access. If you do not have those two things, make it your priority to get those things first. You will have a very difficult time starting a home business without them. You CAN run to the library and do all your start-up research on their computers, but before long it will begin to eat up much of your time. Purchase a PC with your FIRST profits if you don’t have one at home. You don’t have to buy new! If you go to Dell's website, they sell refurbished pc’s and laptops for a HUGE discount!

My personal belief is that no one can focus on more than 3 work opportunities at once! John Maxwell says that "too many priorities paralyze us".  Even 3 income priorities might be a little much for some and they should cut that back to only 2. But as stated before, emergencies happen and you want to make sure that you always have some money coming in! If you choose 3 wise work priorities, you can be fairly safe in knowing that at least one of those will always be bringing in some income if you are doing it right.

1. Find 3 things that you can do on my site (Christian Moms Business Resource)

Start them one at a time until you are confident in each one. If you are not a writer, or if you are not interested in Direct Sales, you will find the most helpful information by clicking on the “Affiliate Marketing & More” section. There are lists of Tried & True ways to earn extra money from home.

2. Have a Garage Sale

No, Im not kidding. Clean out your house and advertise your sale. This will earn you some quick money that you can use as start up for your new home business. Also, use this sale to demo your business. If you are considering selling hand-crafted necklaces on ebay or etsy, make a few and see how they sell. Listen to what people are saying about them. Use their comments and suggestions to make your craft better. Anything worthwhile that doesnt sell at the garage sale, take pictures of it and sell it on ebay or etsy. This will give you a lot of practice before you start up anything full time.

3. Count the cost

Calculate how much money you made from all of your sales and compare this with the research you have done on starting your own business. Start 1 thing at a time and give it your all! Do it well! And then keep adding jobs as you have the money to pay for your startup.

4. Make a daily plan and stick with it.

Write out your monthly, quarterly and yearly goals. Now, what will you have to do EACH DAY to accomplish those goals.  How many hours can you commit to? Write it down and stick with it.  Set office hours.

John Maxwell says "All true leaders have learned to say No to the good in order to say Yes to the best". You will have to say No to quite a few things in the coming months to get your home business off the ground. Scrimp, save, don't go out and get a pizza on Friday night when you can use that money to buy supplies or start up your direct marketing business. You are an entrepreneur now.  You CAN do it and it takes sacrifice on your part. Dave Ramsey always says you have to remember to "Live like no one else, so later you can live like no one else!"  Why do you want to work from home? Is it to be with your family more? Is it to get out of debt? Keep your goal in mind and you will succeed!

 

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