Jun 14, 2015

Multiple Sources of Income…..or Just One?

For many years I was convinced the way to go was with multiple streams of income. Eventually I had 5 streams of income and I worked on one each of the 5 days a week. This was my week: Monday – Amazon, Tuesday – eBay, Wednesday – Professional Organizing, Thursday – websites, Friday – write my next book.

But it didn’t take long to realize that you can’t write a book in only one day a week, also I wasn’t looking after my 50 websites very well, and certainly didn’t have time to create new ones. Amazon started to take 2 days and push out eBay, so I made a decision to change to just selling on Amazon.

I’ve never done this before, but I dropped everything and focused on selling on Amazon. I still have my family and church commitments, but I stopped all other outside activities and concentrated on learning Amazon and the selling process there. For the last 18 months I have done nothing but and thought about nothing but selling on Amazon. I have converted a room in my house to a packing station for Amazon and have 3 people who work with me (one day a week each).

After years of trying to get multiple streams of income, I’m enjoying focusing on just one thing, and my success is better for just Amazon FBA than it was for all those 5 streams.

I just want to add here that I’m still getting some income from my books and websites that is purely residual, even though they are not being cared for. And it was just today I took a look at this blog and realized it’s been over a year since I’ve even done an update.

Here is a video I made of my packing room

And here are my first year's sales figures

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