Thursday, September 24, 2015

The Difference Between Short Term And Long Term Online Income

Do you know the real difference between short-term and long-term income? It necessarily may not be what you might think.

“Short term income can be harder to generate than long term income”

Each time you want to make some quick cash, you have to set up the transaction. This might be an Ebay auction, time-sensitive report or some kind of seasonal promotion.

The problem is that once you're done, you're done. In order to keep making money, you have to keep coming up with 'one shot' schemes to pull in the cash.

“Long term income, however, relies on real business models which can run all the time, pulling in a continuous stream of profit”



They may take more effort to set up in the beginning, but you eventually have a system that runs almost totally on autopilot.

Further, long term income opportunities offer room for growth. A good example here is affiliate marketing. In that business model, you've got a never-ending supply of different products to promote.

You can add on product after product to build up your income. You can promote programs that offer passive or recurring commissions (e.g., membership sites, web hosting, etc) so that you keep getting paid, even when you aren't working.

“Another facet to long-term income is that it is consistent”

It doesn't depend on fads or trends, seasonal sales (e.g., selling toys over Christmas) or the price of tea in China.

Instead, you bank on providing products and services that are in demand year round.

People are always looking for things like cars, clothes, entertainment, how to information, health and financial information, ways to improve relationships, solve problems and increase happiness.

The business models I recommend to you here on this blog all fall into at least one of those in-demand categories. Simply choose the one that suits you. Have a Great day.

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