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Passive Income
Do You Plan To Start A Business After Earning Passive Income?
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[QUOTE="Mika, post: 238731, member: 29399"] First of all, I would like to know how do you make passive income? Blogging? Youtube? Affiliate marketing? Selling products online? If you are generating passive income from the things you are already doing, why not focus more on those areas and try to earn better instead of launching a new business. Let's say, you are earning $20 per month from your blog, why do you want to use that income on a new business that does not guarantee profits when you can focus more on your blog to earn $40. I understand you want to create multiple sources of income by building a new business, but what if your new business takes most of your time and you cannot concentrate on the work that is generating your income and you start losing this income. Therefore my advice is do not start a new business from the money you are passively earning, instead, focus on the same earning strategy and try to earn better. And one more thing, if you want to trade crypto because you believe this is a more profitable niche, why not gradually build your portfolio. You can start holding payments you receive from your clients and stake to earn more profits. [/QUOTE]
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