Another Stream Added

One of the things we advocate for business owners and entrepreneurs is that they write their own book (or have it ghost written). Your own book is a very good way to add credibility, position yourself above the competition and often enables you to sell more at higher prices.

But a book can also be a useful source of income, and you don't have to write the next Harry Potter to start earning a bit of extra money for yourself. Our books sell enough to bring us a few hundred dollars a month in passive income. With a little more effort and more books (coming soon!) we make more.

That's why we want to encourage and teach a few more people to publish their own books. But isn't it difficult to get a book published, even assuming you can write a worthwhile book in the first place? Well, no, it isn't when you publish with Amazon Kindle. It's not only easy, it's also free and you can get paid up to seventy percent (yes, 70%) commission per sale.

Here's a short presentation on Kindle publishing. As you'll see, we can help you write, edit, format and publish your book, as well as helping you promote it and use it to promote your business:

Crush it With Kindle

View more PowerPoint from Roy Everitt

Join us on Thursday 28th if you can, or get in touch to see how we can help you add this nice little extra stream to your income!

To your wealth and success!

Multiple Streams Must Diverge

A lesson we've probably all been taught but can so easily forget is that multiple streams of income only add to our security when they're also diverse.

So, yes, we can have multiple similar streams adding to our income but the problem arises when that type of income stream stops working so well - ALL our income streams can dry up. A case of having too many eggs in one basket, to mix our metaphors.

For real security, our multiple streams need to have different sources. For example, a lot of internet marketers, especially affiliate marketers, caught a cold recently (as in the past) when Google changed its algorithm and started penalising obvious affiliate sites with little unique or useful content. Their sites disappeared and their income stopped overnight.

The same could happen to people who are relying on Amazon's Kindle to make them rich. One change of heart (or 'slap') from Amazon and their business is stopped dead. Don't believe me? It's happened to a few big Kindle publishers already, and not always through any fault of their own.

Now, we're using Kindle publishing as one of our revenue streams, being careful to create unique content and offer good value, but we're not depending on that alone. We also have our marketing company Cinnamon Edge building websites, doing SEO, writing articles, etc, for clients.

Then we have something entirely different. Although I use the Internet to promote it, this business is as 'offline' as it gets - furniture assembly. The benefits of such a different business are that it gives me a physical outlet and time away from the desk (unless it's a desk I'm building...) and clients pay on the day or very soon afterwards, so that cash flow is excellent. It also cost very little to set up, although my marketing, website and SEO skills played a big part in that - a rival would need to invest a lot in marketing to come close to matching the visibility of Flatpack Assembly Suffolk.

But the main benefit is that I can be immune to Google slaps and Amazon slaps, just by concentrating more on flatpacks.

Conclusion: it pays to think outside the box, even if the result is a whole pile of boxes from Ikea!

Roy

The Real Meaning of Multiple Streams of Income

The idea of having multiple streams of income appeals to most people. After all, multiple streams ought to add up to more than one stream ever could. Multiple streams of income should add up to a river of money...

Most people, though, don't truly understand what multiple streams of income means. For a lot of Internet marketers, multiple streams means multiple Internet streams, having several affiliate sites or offering a range of Internet services.

Someone in the building trade might look as far as offering carpentry, plumbing and renovations. A writer could write books, articles, CVs and web copy.

These are not multiple streams. They might qualify as diversification, but they're not multiple streams. If the building industry is flat, ALL building related trades will probably be flat. If writing becomes commonplace and under-valued, ALL writing stops being financially worthwhile. If the Internet gets overcrowded and super-competitive, ALL Internet-related business will become harder. And so on.

So, to understand multiple streams of income properly we need to add another word - varied. For a really secure income and financial security we need to have multiple varied income streams.

That's why Internet entrepreneurs got into property investing, and property people got into Internet marketing - there have been numerous combined events where the two camps met and exchanged ideas and revenue sources. And it's why both Internet entrepreneurs and property dealers got into foreign exchange and financial trading.

And it's why you should look at trading, too. Especially as the investment to get started is so minuscule, and especially with so much uncertainty in every type of business in every part of the world. Forex trading actually gets better when markets are in flux. The more movement there is the more money you can make. Even just trading at £2 a "pip", as you can, there is still the potential to make a worthwhile extra income of £50 or £100 a week for a few minutes' "work" each day.

Invest a little more per pip - say £10 - and you can be looking at £500 to £1200 or more tax free income every week. 

Starting at £2 a pip, trading is as safe as any business can be, and even though there will be occasional losing days, the weekly results are almost always positive. In fact, a recent twelve-week trial (July to October 2011) resulted in a profit each and every week. This with a system that takes 30 minutes to learn and a few minutes a day to implement.


That's why your multiple varied streams of income should include something like Breakfast Trading - the simple and safe way to get into trading, for as little as £2 a "pip".

Start your trading career from home with Breakfast Trading right here.

To your wealth and success!

For What it's Worth - the Pound vs the Euro

At first sight this graph by x-convert.com seems to show a dramatic fall in the value of the Euro at the end of October, but look more closely...

You'll see that, despite its troubles and the UK government's determination to stay outside the crisis, the value of the Euro in Sterling has still stayed within a narrow range - from above 85 pence to just below 88 pence - over the last three months.

From the way the news has been presented lately you might expect the Euro to have, if not collapsed, at least significantly devalued by now. Now, around 3% is not completely insignificant, but it does suggest to me that there's life in the currency yet.

Either that, or currency dealers are betting on the short term. Maybe even these arch opportunists have faith in European leaders to keep the Euro afloat. One thing is reassuring, though - when you trade daily, disasters are rare!

You can see a full explanation of one reliable daily trading system below.

How to Predict the Markets (in Hindsight)

A few days ago I blogged about how predictable the markets are. I went on to explain that this didn't mean it was easy to predict market movements, only that that way they react to events is really quite predictable.

So, in fact the markets are only 'predictable' in hindsight. And you might say that means they're not really predictable at all. Except...

We live in a 24-hour world and a global economy. Whether you think globalisation is a bad or a good thing, it's a fact, and that means their are financial markets all around the world, all reacting in sequence to each other, each responding to the others' movements as well as to world news.

What that means is that the London market will respond to events and trends in the far east, New York then reacts to London, Hong Kong reacts to New York, and so on. And what that means is that you can often predict the reaction of the London markets from events that happened overnight in the far east and the previous day in New York.

That's why most of the major trading is often done in the first half hour after opening, and why you need to be trading (or not) in that time window if you want to share in the profits. How?

Breakfast Trading shows you how.

How to read the signals
How to start your trading career
How to minimise your "exposure" (or risk)
How to trade daily at breakfast time, before your working day begins
How to make anything from tens to hundreds of pounds each time

All for £97 while the special offer lasts.

 

Trading System Explained in Detail

Safe and Simple Trading Explained