It means getting streams on income from as many different sources as possible. If you sell on eBay, have several different products or suppliers. Don’t get too comfortable when one line is doing great, be sure to have another one in the works. Markets change fast and you need to be evolving right along with them.
The same goes for suppliers. Have at least two or three main suppliers, that way you are less affected when one changes prices or policies.
It also means selling “wide.” If you only sell on eBay, consider also selling on Amazon. Start building your own web site. When you sell on multiple sites, you have the opportunity to earn more. You are also less at the mercy of any one site’s rate changes.
It is important to also consider completely new revenue streams. Many online people earn money writing articles. There are great opportunities to share your knowledge and earn some money at the same time.
One place you can earn money writing is the Examiner. You can apply to become an examiner in just about any area. They offer pay based on traffic and ad revenue. They also have a great referral program. For every new writer you send them, they will pay you $50!
Writing on line is a great place to share the knowledge and expertise you have about your niche or what you sell. Check out the Examiner and please tell them I sent you.