Reasons to diversify your passive income

[Augusta]

Nothing beats having different sources of income, you can also do this for your passive income. Although some people experience passive income from a single source, but the truth still remains that most success comes from a diversified portfolio. You need to try out other avenues

This is because a single income stream is vulnerable to high level of risks. So you need to diversify because of the following reasons

changes in the market: Some markets fail at a point. So you are not certain about the market you have invested in

changing industry trends: The trends in the industry can change which can affect you and your investment

Shifts in competition; Another is competition that can arise to kill your investment company

Rugulatory changes or lawa can come in to affect the company you have invested in.

 

[Axis]

Passive income stream has been the talk of the day and majority of individuals have been able to succeed as passive income stream owners. A passive income stream may obviously not be the same forever as a result of some certain factors affecting it such as passage of time and upcoming of new online skill trends. For example between the year 2000 to 2014, the online skill of affiliate marketing and freelancing was obviously hot in the internet space and many individuals who were freelancers and affiliate marketers as at that time we making cool and easy money without any form of competition.
But today in a group of 200 persons at least 150 or 170 are affiliate marketers which simply means that affiliate marketing is now competitive and only is small percent of individuals and succeeding marketers and freelancers.

With this in mind it would be necessary and very much advisable for an individual to have a diversified passive income streams so that in a case when one becomes ineffective due to some certain factors, the other income streams can suffice.

 

[Axis]

Passive income stream has been the talk of the day and majority of individuals have been able to succeed as passive income stream owners. A passive income stream may obviously not be the same forever as a result of some certain factors affecting it such as passage of time and upcoming of new online skill trends. For example between the year 2000 to 2014, the online skill of affiliate marketing and freelancing was obviously hot in the internet space and many individuals who were freelancers and affiliate marketers as at that time we making cool and easy money without any form of competition.
But today in a group of 200 persons at least 150 or 170 are affiliate marketers which simply means that affiliate marketing is now competitive and only is small percent of individuals and succeeding marketers and freelancers.

With this in mind it would be necessary and very much advisable for an individual to have a diversified passive income streams so that in a case when one becomes ineffective due to some certain factors, the other income streams can suffice.