Building Your Online Portfolio

By: Rachel Gawith | Posted: 03rd April 2006

Building your Online Portfolio

So you want to start earning online and have invested some
of your hard earned cash in a couple of online programs but
have you really thought about what you are investing in.

You wouldn't simply roll off the street into a real estate
agency and purchase a house to rent out without looking at
the area first and seeing if there was a good rental market
and similarly you wouldn't invest all your money into shares
in just one company before looking into it first.

As any financial advisor and in fact anyone with a little
common sense will tell you - you should spread the risk.
You do not invest all your money into high risk new venture
companies or put it all into property. Similarly, if you
want to make a good return you don't just leave it sitting
in the bank.

Earning a living online or a little extra cash is no different.
You must consider all the options carefully first and then
only 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 every
opportunity going and spread yourself across so many different
opportunities that you don't know whether you are coming or
going, but you should have a balanced portfolio of
opportunities.

First you consider how much time you have to put into a new
online venture. If you don't have much spare time look to invest
in passive programs that require no recruitment or downline
building. 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 marketing
MLM or affiliate program you should have some form of passive
program in your portfolio to build up funds.

Again when investing in passive programs spread the risk. For
example I have invested money into 4 passive programs, 2 fairly
low risk ones, one I would class as low to medium and a higher
risk opportunity for quicker returns. Number one rule - NEVER
INVEST 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 and
do not be tempted to invest more for a bigger return. All these
programs carry some risk and you should always aim to at least
make your capital investment back and then just invest the
profits.

As an example in my portfolio I have a weekly subscription to
J3V ( http://www.j3v.biz/index2.php?rgawith ) and YMMSS
(email me at support@... 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
without the 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
income you need your main affiliate or network marketing program which
you will concentrate on promoting and which will give you a an
immediate source of income. Now I actually own and run my own
program at http://www.earnmoneyhere.com <http://www.earnmoneyhere.com/>
but I am also an
affiliate of 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 main
affiliate or MLM program is so long as you concentrate on
promoting it and building your affiliate team or downline.

Then as with any business you need to ensure you have the right
tools and resources for the job. If you worked in an office, you
require office 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
incur a certain amount of risk, but you can minimise your losses and
maximise your profits by spreading the risk sensibly across a number of
stable and profitable online ventures.

Rachel Gawith (c) 2004
Rachel runs her own online program at
http://www.earnmoneyhere.com <http://www.earnmoneyhere.com/> and
also a free weekly newsletter at http://www.freedailycash.com
<http://www.freedailycash.com/>
Details of all the opportunities she has in her portfolio are listed at
http://www.computerincome.net <http://www.computerincome.net/>


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Tags: money, common sense, extra cash, affiliate program, investments, spare time, long haul, real estate agency, network marketing mlm, recruitment