
Photo by Rashuli.
The entrepreneurial promise of the web rarely lies in one big, undiscovered secret, which, when discovered, will re-invent your income and set you up for life. Instead, it’s located in the plethora of modest opportunities available — and your ability to combine them into a larger whole.
If I tried to make a living with the revenue generated by Anywired alone, I’d be eeking out an existence on around $125 a week. It’s only because I’ve tapped into four addition sources of income (editing Freelance Switch, freelancing, blog consulting and selling on eBay) that I’m able to earn a modest full-time income online while working significantly less than full-time hours.
One of the primary mistakes I see made by those hoping to earn a living online is that they focus all their efforts into one source of income, only to find that it yields modest results — results that are certainly not enough to live on. They assume this is because they’re doing something wrong, when in fact, most online income generation methods are very deliberately designed to yield modest results. The companies behind them want to get a lot of value for little pay-out. In other cases, results are suppressed because they have to be shared between a thousand other entrepreneurs trying to make money in the same way.
I’d suggest you reconsider pouring hours of work into making a single income stream perform better. Instead, think about how you could diversify and combine multiple income streams into an income river.
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