Invitation to Internet Success (Wear Your Party Pants) by Esther Smith - HTML preview

PLEASE NOTE: This is an HTML preview only and some elements such as links or page numbers may be incorrect.
Download the book in PDF, ePub, Kindle for a complete version.

CHAPTER TEN

The Risk Of Using Other People’s Assets

 

Time to kick it up a notch and take this to the Max. When we generate immense wealth from DCC‘s leveraged income, we are using owners of that program.

There isn‘t much chance that this company will disappear into Cyberspace, but wouldn‘t it be great if you diversified and generated income from your own assets? Of course it would. Like if you wrote a song and everyone wanted to record it and paid you royalties. Your ability to compose is your asset, nobody else‘s. Or if you wrote a best seller and every book netted you residual income. Your talent as a great writer is a personal asset.

Well, I can‘t compose a song or write a best seller but I can create an oil painting on canvas and put it up for sale. Actually, I have many such paintings and you can see them here: Hinchliff Art Gallery. Occasionally one of them sells and that is income from my own asset.

Further, I can put an ebook together on almost any subject and sell it on the Internet. Again, generating income from my own asset. I can find numerous items around my house and set up an auction on eBay for one week and this would also be my own asset generating some immediate income.