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Scale Up Using The Web

17 May 2010 One Comment

When it comes to building secondary income streams, the web is your best friend.  Even if you’re not a techie or a web guy, the web is still your best friend.  The reason for this is because the web can multiple your efforts and your income.  Let’s look at an example.

Let’s say that your a fantastic auto mechanic, and you bring in some extra income for your family on the side doing auto-work.  The problem is that you’re limited with your time and you can only bring in money based on the time you put in.  Your income is constrained by the amount of time you have available to dedicate to this work.  While this might still be a worthwhile endeavor, let’s look at it another way.  Instead of working on actual cars, maybe you create a blog and write how-to articles for people to work on their cars themselves.  Now the work you put in can be multiplied.  For example, each article you write has lasting value which means it can add value continuously over time and can also generate income continously over time.  As you work more, you are building more value-adding and income-generating resources or put more simply, you’re building more assets.  See the difference?

The internet provides you with a platform to reach many, many people.  It allows you to take a part-time hobby and build a thriving side business.  This scalability is what can make your extra hours each week turn into big bucks.

Do you have a part-time hobby that could be scaled up using the web to generate nice income?

One Comment »

  • Rob said:

    Currently trying this out. I'm a professional musician who does a lot of home recording so i started <a="http://www.portabledigitalrecorderssite.com>Portable Digital Recorders Site. Currently in the building process and trying to draw traffic but I am seeing some positive results!