I decided to looking into the benefits of developing a second income so I could contribute more to my family.
I wanted to weigh the pros and cons of it all and I found the good far outweighs the bad.
The worst thing about working towards developing a second income is the fact that I am now doubling my workload effectively. After carrying out my day job I then have to switch my focus and put my health & beauty hat on.
I just had to decide whether I believed the effort was worth it, and it was.
Once I had decided that I wanted to look for another stream of income my next goal was deciding what it would be.
I do have some success with affiliate marketing but when a few of my main products I promoted disappeared (because the owner decided not to continue with affiliate marketing) it meant my income disappeared.
It can take several months to choose a product and work towards getting it ranking well in the search engines. To have that disappear was devastating. I was tired of other people having such an impact on my financial life so I decided to look for something else.
I can’t remember how direct sales came to me. I already knew it could be profitable but I had never found a business I was passionate enough about to promote. Then the day came when someone mentioned Acti-Labs on Facebook and I searched for the company. Once I found them I just knew it was right for me.
So, now I run a health and makeup business as my second income and am happy to use it as a way to bring in extra money.
As I can develop a team I also have the benefit of leverage on my side.
Leverage means I can earn an income from the efforts of my team. This is why building a team in this type of direct sales business is so very important.
There are many different ways of developing a second income and finding one that is right for you and your family in the long-term is, of course, the most important factor. You can rent out a room either short term or even to overnight guests. You can fill in surveys or be an extra on TV.
The best advice i can give is just make sure it is something you love to do as you may spend time doing it after working a full day at work.
Also make sure it has the potential to build a huge income for you – bigger than your first income. At least that way you have other choices.
Have you thought about what you might do to increase your income?