What's your plan B, Incase online earning jobs fail
- Thread starter cherry123
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- #3
Exactly we need good backups in place. As nothing last forever. bit I'm always hoping that other sites spring up very fast for us to continue
There is always backup, despite I have a decent job, I am always happy doing business online. It inspires me. There is something I think about after my work is done. We need to have 2 or more sites to work with just in case.
This is exactly my area of expertise, doing an overhaul diagnosis as to whether the business venture has quality products or services that are competitive on the market, the type of marketing and advertisement that the business is investing in and how are they running their finance and administration. Setting up the indicators at critical control points will help timely identify whether the business is performing in what capacity and what needs to be done to ensure the success of that business.
The other thing is that with the highly competitive market, we have the business must have a diversified portfolio as to how they will be generating revenue. It should be a habit that money is generated through ENTRY STRATEGIES as you are looking for EXIT STRATEGIES. Those are basic principles to follow. That is why you should not look further than what you are already doing offline if you want to Easily create VIABLE ventures and easily SCALE or level up.
The other thing is that with the highly competitive market, we have the business must have a diversified portfolio as to how they will be generating revenue. It should be a habit that money is generated through ENTRY STRATEGIES as you are looking for EXIT STRATEGIES. Those are basic principles to follow. That is why you should not look further than what you are already doing offline if you want to Easily create VIABLE ventures and easily SCALE or level up.
Online jobs like surveys and PTP are just my side jobs for extra money. My main source of income is from translation. I also do some business consultancy for start-ups and SMEs, helping them to get government money for their marketing activities.
It is always good to have an offline business alongside the online business in case there is any issue.
I don't depends on online business for my sustenance and livelihood. I make money from my offline shop. Therefore, is only when someone have one source of income, that what will start making alternative plan. It is necessary to create multiple sources of income
I am already running my own studio that I used to do even before I started online work. This is my main hustle. Online work is just a side hustle that I do everyday during free time.
I believe all of us know that online earnings might be as volatile as cryptocurrency. That is the reason everyone should have another source of income to add with the online work because it is a side hustle at best.
We should have backups, for now I have a few in addition to RIFs. But among all that there is no site that pays as well as RIF, so I will continue to look for other sites that are much better.
That's right, just don't rely on a single backups. It would be best to even have multiple backups just to be on the safer side. Though we do not hope to experience anything bad, but having a backup plan matters.
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Yes this is also a good idea, having a part time job would definitely help save extra money and would also be something you can fall back to if things do not workout online or in whatever you where doing before.
