3 Legs To My Stool
I like to think think I’ve always possessed an entrepreneurial spirit, even though I’ve worked for ‘the man’ enough times during my long history of attempting make ends meet.
I always considered working for myself — being my own boss — as the only way to live a fulfilled life.
Of the many life-changing pieces of advice I’ve been given, read or heard, the one piece of advice that brought it all together was, “Always look to setup three level of passive income to supplement those times when maybe one leg isn’t performing as well as the other two,” — told to me by a well-known UK entrepreneur.
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For example:-
LEG 1
Via a website, create a successful blog surrounding a topic you a passionate about. In a dedicated manner, create consistent content, drive traffic to carefully chosen affiliate high ticket links, thus attracting lots of buyers.
LEG 2
Create a YouTube channel surrounding said passion. Link it to Amazon and also other relevant affiliate offers. Create an eBay shop too.
LEG 3
Build and maintain a number of websites advertising your local community’s smaller businesses. They are not as IT savvy as you are, and don’t possess your vast knowledge of marketing.
At least one of your enterprises, if not all three, should be firing on all cylinders and providing you with a decent income after a period of dedication and consistency on your part. If one of your legs from time-to-time slightly dips, the other two should suffice to provide sufficiently until things pick up again.
Who cares if only one leg is bringing home the bacon (figuratively speaking). As long as you’ve got something coming in, that’s all that matters. Nevertheless, it doesn’t hurt to have options.
Who knew you could become a carpenter as easily as that?
