Why You Need More Than 1 Income Source For Your Personal Finances

Today’s economy gives us plenty of reasons to have more than one source of income. The reality is that we are always is some form of economic turmoil so for our personal finances to not suffer we must always have Plan B and Plan C in action. If one of your incomes is lost then you have others that will replace it. Being ahead of the game means little or no lost income.

How does someone find an additional source of income? My best advice on this is to start with something you enjoy or something is related to your current line of work. It is much easier to have a passion to put in the extra time necessary to create a second income stream if you love what you are doing.

The future economies of the world will center on information. The things that you have learned in life have value to those people who have not learned those things yet. A lot of times we place no value on what we do know because we accept the fact that everyone knows it as well. Use the value of this information and get paid for it.

Build an online presence of who you are and what you know so that people will seek you out. Your value is greater as someone who people look for as opposed to someone who is looking for people. You do this through social networking on sites like LinkedIn and Facebook. Tell your story on these sites and seek out those that might want to know more about you.

Next thing that you can do is investigate online internet marketing. Learning how to capitalize in the virtual world will give you multiple streams of income opportunities. Once you have a handle on being able to market yourself online, the number of information and digital products that you can market are endless. I personally hate the term automatic income because the only real automatic income takes lots of money and has a very low return. That is a savings account. Other than that you must be involved in some way to get a great return. You are not exchanging time for money you are investing your time instead of cash.

Finding a good source of training to become an internet marketer is important. Most services are merely trying to get you to buy their product and then they try to get you buy their next great idea. Make sure that their marketing plan is to help you succeed and not just for them to succeed. Programs that are more hands on giving will help you grow your income streams.

Remember again that as you grow your income streams that you must diversify and not just count on one area of expertise. If you are automotive related you understand how that economy cycles from selling new cars to the upkeep of current cars. But when the economy is down maybe you need to help your automotive customers find retirement advice. Be versatile, because once you have a customer they will turn to you again if you have given them a reason.

For more advice on personal finances and growing more income streams check out the resource box below. You can also find help with retirement planning and building a savings plan there as well.

Three Automotive Businesses You Can Start

It is a fact that most adults in the United States have at least one car and depend on it to run well and look good to live the lifestyle they desire. Businesses that cater to these people can enjoy a better than average chance of success if they offer the right combination of products and services at competitive prices. Although there are many possibilities out there, here are three automotive business ideas for you to consider.

1. Mobile Auto Detailing – Do you remember what your car felt like when you first brought it home from the showroom? Don’t you wish you could go back to that time when it was perfectly clean, inside and out? Most people feel the same, and the one thing stopping them is they simply do not have the time to go get it done. If there was a way they could get their car clean while they were at work or busy at home they would and this presents an opportunity for your own mobile auto detailing business.

2. Auto Repair – As long as there are cars on the road, there will be a need for someone to repair them. Today’s cars have sophisticated electronics almost no one outside of a properly equipped repair shop with highly trained mechanics can work on. In today’s tough economy, many people are trying to make their cars last as long as possible and this means a steady stream of customers for the well-equipped shop.

3. Pre-Owned Car Lot – No matter the economy, there is always a strong demand for good, pre-owned cars. In fact, the worse the economy is, the higher the demand seems to be. If you are a licensed dealer, you can purchase cars at auction and then sell them on your lot, online, or both.

How to Find Employment In the Automotive Industry

The automotive industry is constantly searching for trained technicians. There is an increasing demand for specialised services, and moreover, trustworthy employees that promote company values.

Learn where to find the good jobs; job boards such as Automotive Employment, New Zealand have a wealth of information on them for both local and international job seekers. If you do not know how to use a computer you have an immediate disadvantage. In today’s world online employment applications have become the norm for the automotive industry. You can no longer expect to secure employment without a resume nor can you expect to secure employment without the ability to email the application.

To secure employment in the industry, it is well-advised to have relevant qualifications and in many countries this means completing a formal apprenticeship with your employer combined with a Trade Certificate. Next to that, relevant work experience and good character references from previous employers will place you ahead of other job-seekers. Another useful skill to have is the ability to keep informed about current market trends and new technologies. For instance, it will be significantly harder to find a job as a mechanic if your knowledge of parts only extends to kombi vans made prior to the 1980s. Stay on the ball by subscribing to facts and figures about new makes and models, their functions and specific components. If you have the right knowledge, the expertise associated with the job is one you can take to automotive industries all around the world.

Customers really appreciate thoughtful after-sale services – you should be prepared to go out of your way to make customers happy. This way, they will pick your service over others’, and spread the word about your positive attitude, thus guaranteeing a steady stream of business for both you and your employer. Be approachable – that goes without saying. Service industries rely on positive customer feedback, something that is impossible without your friendly, ready-for-action demeanour.

Your performance will be judged on the precision of your work. If you are not the attentive type, you could jeopardise not only a business deal, but also your client’s life. Botching a car repair could have deadly consequences – it isn’t something you want on your employment record. So if you are seriously determined to find automotive-related employment, you are already an eagle-eyed, honest person who puts his customers before himself.

As an employee in the automotive industry you need to be adaptable to changes in the trade. Currently there is a gradual shift to more carbon-conscious or ‘green’ technologies, while emission-producing processes have become more and more frowned upon.