Diversify Your Online Income Streams

We’ve all heard the old saying, “Don’t put all your eggs in one basket” and when it comes to running your online business I think it’s very important to live by that and diversify your online income streams as much as possible.
I can’t tell you how many times a week I read on a blog or forum that the income stream that someone was using to rake in some great money … just went down … or worse yet … went away completely!
This could be as simple as a seasonal niche or as awful as having your site deindexed by Google or from being kicked out of an affiliate program that was paying the bills.
Not only would I suggest you diversify your business types I would even suggest that you diversify your potential income streams on each and every site … and for each business. By this I mean that instead of focusing all of your time and energy, for instance, on building and promoting BANS (Build a Niche Stores) stores I would also look at some other business models for making some money. To further break that down … if you have BANS stores I would also diversify how you make your income on each and every BANS store. I would be looking for ways to make money through other affiliate products and probably some other means as well.