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SavHelp

Business growth guide for every beginner

How multiple streams of income can boost you finances

Bysavhelp

Aug 10, 2020

I’m not saying giving is a bad thing but when you do it too much is can ruin your finances. Personally I love to give but I give according to how my pocket allows me.

I always tell people to try and always have multiple streams of income. Presently I have five streams of income WHICH include; Blogging, affiliate marketing, freelancing, taking paid surveys, and e-commerce.

Let me tell you something, its not easy. Its gonna take most of your time trying to meet demands. Freelancing and blogging are highly demanding. and you need to have a schedule for each online business.

Question is how can multiple streams of an income boost your income. now, this is it. If you have just one stream of income lets say (blogging)  and probably you earn $200 monthly just blogging. This is really not gonna meet all your demands. especially for someone who’s spending is on the high side.

Have you heard of dropshipping? this is good for those who may not have the capital to start a business. This is how dropshipping works. 

The first thing you need to get a reliable eCommerce platform(business) that sells goods. The next thing is to contact a seller and inform them that you will like to market their product and sell. Once the seller agrees, you can take a picture of the item and create an Instagram page, upload, and market.

When someone shows interest, they pay to you and you will contact the real owner after you have taken you profit, You will pay the remaining money to The seller who  will now transport the goods to the customer

I’m not saying giving is a bad thing but when you do it too much is can ruin your finances. Personally I love to give but I give according to how my pocket allows me.

QUICK READ;

I always tell people to try and always have multiple streams of income. Presently I have five streams of income WHICH INCLUDES; Blogging, affiliate marketing, freelancing, taking paid surveys, and eCommerce.

Affiliate marketing is kind of similar. Here you are given a link to market a product and when someone makes a purchase you get a commission, somehow similar to dropshipping. You can consider and choose what works for you.  

In conclusion, i will say having multiple streams of income can actually boost your finances positively.

 

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