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So many times I've seen people make money online and I've also seen the other side of the coin where people go broke.
I've taken plenty of risks working online and some pay off while others do not. I do a ton of research prior to taking the plunge into a new website or venture because I want to know if there's is a possibility of generating a good amount of passive income or if I'd be able to sell my portion of the company later on and retire at an early age lol
Recently I've gotten a few inquiries of people who want to partner up with me because they want a marketing director and they don't really have the funding to hire one. They know of my reputation and found me either through LinkedIn, my own websites, here on SC, or a few other places that I'm pretty active on. Most of these people I have to turn down because their ideas are small and I don't think will make much money. Even if I did make it profitable, they wouldn't be making much and I would have to invest a ton of time into the project in order to make a few hundred bucks a month. Now some of you are saying "What the hell? Why aren't you taking that offer!!!!" and it's because I usually choose a bigger project that requires less work from me to turn a much bigger profit.
Right now I'm taking a chance on a partnership which will get me 50% of the company that is bringing me on if I can produce some decent results within a certain amount of time. If I can hit some specific goals, I get half of the company which will set me up with a pretty good passive income stream I basically just have to get the snowball affect started and push it more and more when the social presence gets bigger
I've taken chances on my own websites as well as partnerships that have completely tanked as well. I did all the research and all my numbers came back as it being a successful venture, but for some reason it doesn't do as well as I predict.
It's a tough thing to take on when you already have a pretty packed schedule, but it can be worth it in the long run. You just need to make sure you have more successful ventures than failed ones lol. When you get a few successful ones under your belt making you some cash, you can use that to push your new ventures with less risk to your bank account
So what about you?
Do you take risks online or do you play it safe?
Don't forget to follow me
https://www.seoclerks.com/user/Razzy
Thanks,
Razzy
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