Any good business person knows, that you should never count on just one option, to keep your business going. One of the most successful ways to keep your business afloat, is to have as many options open as possible. Never lock yourself into one place. It will only cause you to play by someone else’s rules. It’s like working with a pair of handcuffs. An affiliate marketer knows that the more advertisements they make, the more sales they will have. They would never be able to make a living, off of one advertisement.
If you are in sales, you should always have 3-5 different connections for the same items or product. This way, if someone is closed for the day or runs out of stock, you will have a backup plan. Its a very good idea, to have 3-5 different options open for your business.
You can always call for your backup plan, if something ever goes wrong. What happens if you are a welding shop, you run out of steel, and your supplier is out of stock? You call your back up steel guy and your covered.
There are so many things that could go wrong, by relying on one source, for anything to do with your business. If you have an ebay business, you know what I am talking about. Ebay locked my account a while back, until I mailed them proof of my ID. It took almost 3 weeks before my account was reopened. Just for a simple security check. I lost over 10 grand in sales. I didn’t have a back up plan, so I lost big time.
So, it’s a good idea to have lots of money makers going at the same time. As many options as possible will only help you, in the long run. I literally have over 12 projects going at the same time right now. Just in case, something happens to any of them: I will still have income, coming in, to survive on. Even if they are a few little projects, that together, make a good amount of money. Leave yourself, options open everywhere, it really works.
I wanted to say something about this, because you never know when something could go wrong. You will never know when you need a back up plan. But, if you have options open and available, you won’t lose as much in the pocket. Its so discouraging, when you know you can’t provide a service to your customers, because you didn’t prepare for disaster. Don’t take your big money maker for granted, ever. Help out your big money maker, by combining little money maker projects with it.
Sorry to bore you with this weeks subjects. I thought it was very important, to pick out the things we take for granted, as business people. I hope it helped some of you.
If you like to make money with Golf, I have a treat for you tomorrow. Come back and check it out.
Thanks,
Lisa
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By Jill B. on Oct 20, 2007 | Reply
Boring? Never. Once again I learned some very useful info from you.