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Over the past few years I have personally seen 9 of my friends get laid off.  Each and every time it happens I get a sick feeling in my stomach and I think about their families and future.  Some of my friends rebounded nicely and found new employment right away or started a small business.  Others are still struggling to find work and are suffering because they had not built up multiple streams of residual income.

So what is your “Plan B” if you were to be laid off or fired tomorrow?  Do you currently have any form of residual income set up just in case something happened or  do you have “all of your eggs in one basket?”  Have you sat down and thought about your options if you were laid off or fired?  If you think you are “safe” in your job you are definitely kidding yourself.  Companies are laying people off left and right and most of the time it’s, “Surprise!  You are now jobless!”

As the economy continues to suffer from the latest recession more and more people are looking for a back-up plan.  People are exhausted, frustrated and worried about what the future holds.  It should be of no surprise that one of the fastest growing areas in the world are Home Based Businesses including Freelancing.  With a home based business or working part-time as a freelancer you can easily build up other streams of residual income with little outlay.

The First of Many Streams of Residual Income

I started my first home based business in 2002 and I count my blessings each and every day that I had the vision and drive to look outside the box.  I started selling items online to make extra income so that I could keep the lights on in my duplex.  Currently, I run 3 businesses from the comfort of my home and I have 9 streams of income that pay me monthly.  I NEVER need to worry about employment again because I am setting up my company for long term success.  I do not need to worry about how much vacation time I have and I certainly do not need to worry about getting demoted, fired or laid off.

Finding New Streams of Residual Income

There are thousands and thousands of home based business and freelancing opportunities that can be started with little or no upfront capital.  The majority of these business can be run on a part time basis.  My recommendation is to do your due diligence when searching for a new opportunity.   When I started searching for the businesses that I wanted to start I spoke with many individuals and companies to see what they liked and disliked about the idea I had.

Here is what I look for when evaluating a business idea or opportunity:

-  What product or service will you offer?  Is this a product or service that YOU would buy?

-  If an existing company - who are the owners of the company?  What is their track record? Why are they selling the business or bringing in new partners? 

-  How long has the company been around? 

-  Is the company stale or are they still growing?

-  Do they offer a good marketing plan that will help you grow the business?

Even if you currently have a “corporate job” I would highly recommend investigating freelance or home business opportunities so you have some potential options should the unexpected happen.


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DIY Blog – A Great Way To Earn Some Extra Income!

If you are reading this post, chances are you are looking to start you own blog.  The blogging industry is exploding right now with so many people out of work that are looking for ways to earn extra income.  The wonderful thing  about a blog is that you can write about anything and everything that you wish!

One of the biggest challenges when starting a DIY blog is trying to figure out where to start.  With so many options out there it can become overwhelming on which direction to go.  My goal with the post is to provide you with some blogging knowledge so that you can make an informed decision when it comes to getting your diy blog up and running.

3 Challenges of a DIY Blog

If you want to monetize (make money) with your blog you want to make sure that you are set up with the right DIY blog from the very beginning.  Choosing the wrong platform could keep you from ever making a dime.  I am going to list 5 challenges that do-it-yourself bloggers run in to when getting started.

3)  There is a very big learning curve that you will face when first getting your blog started.  There are a lot of “techie” hurdles that you must overcome.    These can include things such as posting photos, font, backlinking, SEO, etc.

2)  Believe it or not, trying to determine what topic you want to write about can be difficult.  My recommendation is to pick a topic that you are passionate and interested about.  Make sure that there are plenty of other people interested in that topic before you start your blog if you are trying to monetize your efforts.  You don’t want to start a project and then have no traffic because you are blogging about something that not many people are interested in.

1)  The absolute hardest part about a DIY blog is making money.  Are you planning on offer affiliate programs on your blog?  Are you planning on selling items on your blog?  In the next section I will discuss a new WordPress blogging platform that allows users to make 100% affiliate commissions from their DIY blog.

Making Money With Your DIY Blog

As stated above, the biggest challenge when starting a blog is getting it to start making money.  There are people that have been blogging for years and have made nothing more than bruised fingers from typing so much.

Thankfully, two entrepreneurs came up with a solution to this problem.  The Empower Network Blogs was created back in October of 2011 to fill such a void.  Simply put, all you do is blog daily, share your WordPress site with others and make 100% affiliate commissions.  It only cost $25 a month to use this DIY blog and for every person that uses your affiliate link to join you make $25 per month in residual income.

The best part about the Empower Network DIY blog is that it is completely set up for you.  The SEO (search engine optimization), WordPress, high converting lead capture pages, and all of the bells and whistles are already implemented so that you can sign up and start blogging today!

They company also offers other training programs which also provide 100% affiliate commissions.

My DIY Blog Suggestion

Trust me when I say that it took me a VERY LONG time to get my money to make any money.  Not only that, it cost me thousands of dollars to pay a designer and programmer to get my blog up and running.  Had the Empower Network DIY Blog platform been around when I started I would have jumped all of it!

Since October they have already paid out almost $2 Million in affiliate commissions and they are not slowing down anytime soon.  So save yourself the headache of trying to set up your own blog and let the Empower Network do all of the hard work for you.  For only $25 per month you cannot go wrong.