I know what you're thinking.
There must be a typo error, because everyone's talking about the power of thinking big online.
Obviously, thinking big is good. But do not under estimate the power of thinking small.
Here's what I mean:
If you want to make $100,000.00 in a year online, is it easier to achieve it from one source of income, or 10 online source of incomes that can give you $10,000.00 each a year?
The answer? Both are correct. But I'd rather take the second choice by thinking 'small' of creating 10 income streams from the internet to achieve that.
My justification?
It's easier for me to create an income stream that can generate $10,000.00 a year online for me than thinking 'big' to create ONE income stream that generates $100,000.00.
If I can create ONE income stream easily, what's stopping me from creating another 9 similar income streams from the internet to make $100,000.00 a year?
You might disagree with me because you probably say that staying focused on one income stream is easier. That's fair and I absolutely agree.
But, I'll still choose to create 10 income streams because my risk of failure is 10 times less.
Assuming I choose the first choice to make $100,000.00 using ONE income stream.
What happens if I fail? Simple. I lose everything in that one year.
But if I create 10 income streams, I can afford to fail as much as 50% of my income streams and yet, I'll achieve 50% of success. Sounds ironic, yes?
Don't get it wrong. I'm not preaching to be negative of preparing to fail, but I'm preaching reality on how to minimize risk to be successful.
Taking small steps is always easier than taking big steps.
Exercise
1. Calculate the Cost of the Lifestyle that you want (Don't forget to add up savings and inflation)
2. Thinking in small business. How many small business would it take to make that sum up that amount of money (have a time constraint or a deadline on when you want to achieve that specific amount of money)
3. Take Action, Set up your small businesses
There must be a typo error, because everyone's talking about the power of thinking big online.
Obviously, thinking big is good. But do not under estimate the power of thinking small.
Here's what I mean:
If you want to make $100,000.00 in a year online, is it easier to achieve it from one source of income, or 10 online source of incomes that can give you $10,000.00 each a year?
The answer? Both are correct. But I'd rather take the second choice by thinking 'small' of creating 10 income streams from the internet to achieve that.
My justification?
It's easier for me to create an income stream that can generate $10,000.00 a year online for me than thinking 'big' to create ONE income stream that generates $100,000.00.
If I can create ONE income stream easily, what's stopping me from creating another 9 similar income streams from the internet to make $100,000.00 a year?
You might disagree with me because you probably say that staying focused on one income stream is easier. That's fair and I absolutely agree.
But, I'll still choose to create 10 income streams because my risk of failure is 10 times less.
Assuming I choose the first choice to make $100,000.00 using ONE income stream.
What happens if I fail? Simple. I lose everything in that one year.
But if I create 10 income streams, I can afford to fail as much as 50% of my income streams and yet, I'll achieve 50% of success. Sounds ironic, yes?
Don't get it wrong. I'm not preaching to be negative of preparing to fail, but I'm preaching reality on how to minimize risk to be successful.
Taking small steps is always easier than taking big steps.
Exercise
1. Calculate the Cost of the Lifestyle that you want (Don't forget to add up savings and inflation)
2. Thinking in small business. How many small business would it take to make that sum up that amount of money (have a time constraint or a deadline on when you want to achieve that specific amount of money)
3. Take Action, Set up your small businesses
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