Comments on: Two Examples Of 20-Somethings Working Towards Additional Income Streams

By: Weekly Roundup: Company Cutbacks — Broke Grad Student

Weekly Roundup: Company Cutbacks — Broke Grad Student — Sun, 07 Dec 2008 16:00:44 +0000

[...] Two Examples of 20-Somethings Working Towards Additional Income Streams at 20s Money [...]

By: kevin duffey

kevin duffey — Fri, 28 Nov 2008 19:51:16 +0000

Absolutely, the web-based option is the easiest, and most cost effective way to create an additional income stream in addition to your main income stream or your day job.

Worst case is you lose $100 in some start up costs. A good and fairly likely case is that you make a little money on the side. Best case is that the website takes off and you make serious income, with a small percentage able to quit their job or scale back their main job.

By: MoneyGrubbingLawyer

MoneyGrubbingLawyer — Fri, 28 Nov 2008 12:39:13 +0000

Those are two interesting ideas.

I think another major benefit to web-based businesses is that it really is something that can be done fully “on the side”- you don’t need to maintain any overhead or encounter big up-front costs. While I’m fairly certain that a large number of startups will flitter out, the commitment involved to test the waters is minimal.