Diversify income streams to mitigate risk from "summary" of The Best Book on How to Make Money Online by Zackary Richards
To truly succeed in the online world, you need to understand the importance of having multiple sources of income. Relying on just one income stream is risky, as it leaves you vulnerable to external factors that could impact your earnings. By diversifying your income streams, you can spread out your risk and ensure that you have multiple sources of revenue coming in. One way to diversify your income streams is to have multiple online businesses or projects running simultaneously. This way, if one of your businesses is affected by a downturn in the market or some other external factor, you have other revenue streams to fall back on. This can help you weather any storms that may come your way and ensure that you always have money coming in. Another way to...
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