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I am a firm believer that internet marketing writers should NEVER EVER put all their eggs in one basket. That is, smart marketing writers must diversity their income streams so that they can protect themselves from hard times.  And, when I say diversify, I mean diversify both active and passive income streams. By doing this, you will increase your odds of success and protect yourself (and your income) if one of your eggs dries up.

Take me for instance, I make over $500 a month from eHow but in their clever terms of service, eHow states that they can legally cancel or modify the WCP program at any time. They also state that they can eliminate the residual payments at any time and won’t owe writers an explanation or future payments.  Although I hope and pray that it doesn’t happen, I honestly wouldn’t be surprised if it did. in fact, I’d be surprised if they left everything as it is now. After all, eHow already canceled the previous WCP program so that writers can still receive residual payments for grandfathered articles but now they have to write through DS (Demand Studios) if they want to write additional WCP articles. Well, to protect myself from these types of changes – I also write for not one but several residual income sites including Suite101,  Xomba and Associated Content. In addition, I also have more than one niche blog and I monetize each one not one but 3 different ways.

But, that’s not it -  I also take this approach with my active income sources too. I spend about 1 hour a day searching for new clients and although I have several regular that keep me very busy, I stay active on Elance and Fiverr cause you just never know when you are going to need additional funds. By doing this, I keep my eggs lined up and ready to crack.

So, if you aren’t diversifying your residual income or are relying on one client for all of your income, please stop right now and get some more eggs. That way if the  company folds or changes their terms, you will still have other revenue streams that you can rely on and that is just smart  business!

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