How to Avoid Financial Troubles - Build Your Safety Net
No matter where you live, people around you and perhaps you yourself, will experience financial hardship. You may lose your job, get furloughed, have to work without pay, or not get a raise. Are you prepared for events like these?
NO ONE IS IMMUNE
Just because you may have a good paying job or lots of money in the bank, does not mean that you will never experience a loss of money or even bankruptcy. I have personally seen people go from wealth to near poverty because of some unforeseen event.
What would you do if the company you have worked at for years was bought out and then downsized and/or moved far away? What would you do if your own brick and mortar business was destroyed by fire, an earthquake or some other natural disaster?
What if you were living paycheck to paycheck and a major medical problem occurred forcing you to stop working while your medical costs rise? Or maybe you get caught up in a workers strike or some stupid government shutdown like what is currently happening in the U.S.
Are you prepared for that unforeseen financial trouble that can happen at anytime and for a variety of reasons? It is not a good feeling to stress over how you will financially survive when you have very little to no income. But there is one way to prevent the stress of financial loss.
START A LEGITIMATE ONLINE BUSINESS
When you have your very own internet based business you can avoid financial troubles because YOU control the outcome and growth. Unlike a brick and mortar business, an online business is not harmed by natural disasters and your customers are worldwide.
What this means is that no matter what happens in your life and to the situation around you, an online business will continue to function without you having to directly work it. You could be doing anything and still be earning money. Sounds great, right?
But you must act NOW in order to have this financial safety net ready for those tough economical times. Too often people wait until it is too late before starting an Internet business. Why does this happen? Because many think that great wealth online will happen quickly.
Unfortunately this is not how any legitimate website business will operate. There are many factors that have to be created and established before the money making process can begin and this takes time and effort on your part. This is why you need to start NOW.
THIS CAN BE ABOUT ANYTHING YOU WISH
I am sure you probably have been approached at some point by a friend or family member trying to recruit you into their business opportunity. This way of making money is very problematic. Unless you can handle rejection, you do not want to make money like this.
Building your own website and being able to promote any kind of product or service you have an interest or passion for, is a much more rewarding way to earn income. And with a website there is no need for face-to-face contact with your potential customers.
This eliminates the rejection experience. Gone are the days where you have to be a salesperson to convince others to buy from you. Now all you need to do is recommend things to other people and if they accept, you make money.
This simple process is known as Affiliate Marketing and this is what Wealthy Affiliate (WA) teaches to all of their members. The majority of people with a website or blog are making money in this way because it is easy to operate and will run itself when fully set up.
GET A PIECE OF THE 6.8 BILLION DOLLAR PIE
But as I said earlier, there are many factors that need to be in place in order for you to earn an income. Do not wait until you lose your job to start your own unique website business. Affiliate Marketing sales will be a 6.8 billion dollar per year industry by 2020.
This way of making money is far more popular than you can imagine. The reason why affiliate marketing is a financial boom for people with a website and blog is that retail companies like Amazon and others will pay people to promote the products they sell.
Have you ever seen a neighbor who has a nice house or drives luxury cars but never seems to go to work? This person is probably an affiliate marketer and receives passive income every month from a company that makes sales on their retail website.
All you have to do is look at how the majority of consumers buy products nowadays. Most people buy online than they do going to the actual store. Stores like Kmart, Sears and Toys R Us with no big website presence are now either shutdown or in bankruptcy.
GET ON BOARD BEFORE IT IS TOO LATE
Seeing how it will take up to a year before anyone with an affiliate marketing website can start earning consistent income, waiting until you are in financial distress to start maybe too late. As we can see here in the U.S. and elsewhere around the world, financial loss is on the rise.
YOU can prevent yourself from becoming a victim of a loss in income. Though you do not have a crystal ball to foresee when you may lose your job or when you may even get a job, you do have a way to create a financial safety net for you and your family.
Once you become an affiliate marketer with any online retailer, you can create a second or even a primary source of income. Eventually you will begin earning passive income and could grow to a level that allows you to work from home. Wealthy Affiliate can help you do this.
There is no other affiliate marketing education and website building experience that can match what Wealthy Affiliate offers. Many WA members experience success and the cost of everything you need is only $49.00 USD per month. A great way to create your safety net!