Building,Your,Online,Portfolio DIY Building Your Online Portfolio

When starting a new work at home business it is very easy to become consumed by it. We spend so much time trying to get the business up and running that we may end up becoming burned out and lose our motivation. There is so much to learn and Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in

Building your Online PortfolioSo you want to start earning online and have invested someof your hard earned cash in a couple of online programs buthave you really thought about what you are investing in.You wouldn't simply roll off the street into a real estateagency and purchase a house to rent out without looking at the area first and seeing if there was a good rental marketand similarly you wouldn't invest all your money into sharesin just one company before looking into it first.As any financial advisor and in fact anyone with a littlecommon sense will tell you - you should spread the risk. You do not invest all your money into high risk new venturecompanies or put it all into property. Similarly, if youwant to make a good return you don't just leave it sittingin the bank. Earning a living online or a little extra cash is no different.You must consider all the options carefully first and thenonly invest what you can afford to lose and SPREAD THE RISK. You should look to put your money in a number of different online companies and investments. No I don't mean join everyopportunity going and spread yourself across so many differentopportunities that you don't know whether you are coming orgoing, but you should have a balanced portfolio of opportunities.First you consider how much time you have to put into a newonline venture. If you don't have much spare time look to investin passive programs that require no recruitment or downlinebuilding. And yes there are some of these that work and are stable and will be around for the long haul but you must be careful. Even if you are planning to promote another network marketingMLM or affiliate program you should have some form of passiveprogram in your portfolio to build up funds.Again when investing in passive programs spread the risk. Forexample I have invested money into 4 passive programs, 2 fairlylow risk ones, one I would class as low to medium and a higherrisk opportunity for quicker returns. Number one rule - NEVERINVEST more than you can afford to lose, number two - SET YOUR GOALS. If you want to earn an additional $500 a month, then invest enough to do this but ensure you withdraw the rest anddo not be tempted to invest more for a bigger return. All theseprograms carry some risk and you should always aim to at leastmake your capital investment back and then just invest the profits. As an example in my portfolio I have a weekly subscription toJ3V (http://www.j3v.biz/index2.php?rgawith) and YMMSS (email me at [email protected] for details) in order to build up a good residual income in a couple of years time. These are both stable companies that have proven themselves and have a good track record. I therefore consider these low risk (and this is only my opinion) and I am using these to build up a residual income withoutthe need to recruit. I have then invested in FundBiZGrowth (http://www.fundbizgrowth.com/SOSRGawith.html) which doubles your money every 6 weeks - I consider this a slightly higher risk program but one in which their could be good returns. Finally I have invested in DollarMonster (http://easychairclub.com/dm/moreinfo.cgi?u=rgawith)- this purely a double your money quickly program and I consider it a fairly high risk as it requires a constant flow of new people to pay out. I am using this program simply to make some quick cash to plough back into the other programs. So whilst these passive programs are building you residual incomeyou need your main affiliate or network marketing program whichyou will concentrate on promoting and which will give you a an immediate source of income. Now I actually own and run my ownprogram at http://www.earnmoneyhere.com but I am also an affiliateof RecipeSwap (http://www.recipe-swap.com/members/rgawith/) which I think is a goof stable and fun program to promote and make a good second income. However, it does not matter what your mainaffiliate or MLM program is so long as you concentrate on promotingit and building your affiliate team or downline. Then as with any business you need to ensure you have the right toolsand resources for the job. If you worked in an office, you requireoffice equipment, if you have a shop you need display racks etc..working online is no different...you need the right tools and resources.I use Isoregister ( http://www.isoregister.com/9810354341/rgawith )as it gives me all the tools I need in one place such as autoresponders, ebooks, articles, advertising etc etc...but so long as you have a good resource suite you are all set to market online and start building your portfolio. But remember the number one rule, is all online opportunities incura certain amount of risk, but you can minimise your losses and maximiseyour profits by spreading the risk sensibly across a number of stableand profitable online ventures. Article Tags: Have Invested, Money Into, Passive Programs