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Supplementing Income in Your Business’s Early Days

incomeStarting a new business is tough, especially if it is reliant on the Internet. It’s nearly impossible to have a new successful business today without a strong internet presence and a robust ecommerce solution. But the internet also brings more competition into your industry or niche than has ever existed in history.

It’s hard to find the perfect balance, thriving off the internet’s advantages while overcoming its obstacles. It takes a lot of time, energy and learning – so much so that you may have to give up your day job and devote all of your waking hours (and some of your sleeping hours) to making your business work.

This effort will pay off in the long run, but while you’re waiting for your business to grow and start generating income that can support you, you’ve got to find a way to make ends meet. For busy entrepreneurs spending all of their extra time on their business, second income solutions have to be very efficient, drawing in significant money without a dramatic expenditure of time or energy.

Spread betting is uniquely appropriate for this situation. Entrepreneurs with only minutes to spare every day can still find the time, while increasing their overall investment knowledge and learning about the way the world works.

Spread betting is made available through brokers like ETX, who have a selection of bonds, stocks, indices, commodities, and more upon which to make value speculations. It’s important to note that, unlike normal stock market investing, you don’t have to actually buy these assets. Instead, you’re wagering money on the outcome of price fluctuations during set periods of time.

Spread betting has been around for generations, but it’s made all the more efficient and agile through the speed of the internet. You can watch asset valuations change in real time, and take advantage of insights in milliseconds. For people who are willing to learn, there is endless opportunity for profit. While these contracts can take weeks or months to resolve, others are completed in minutes.

These options are an excellent way for intelligent people to leverage insight about the worldwide factors that trigger value fluctuations in assets. You may have a currency or stock that you already know a lot about, enough to guess how its value is going to change more than half the time. If that sounds like you, you already have the skills necessary to be a profitable enthusiast.

Spread betters use many different techniques to ensure that their winnings outpace their losses. Not every contract will resolve in your favor, but there are plenty of ways to limit losses, while there is no upper limit to your profits. It takes some practice. Fortunately, most spread betting brokers let users sign up for trial accounts, where they can make betting decisions just as they would in full accounts, but without the financial risk or obligation.

For entrepreneurs in the difficult first days of a new business, there are frequently difficult moments when there is no salary being drawn from the business, and no supplemental income coming from any other source. Spread betting represents a tremendous second income opportunity, without making great demands of your time or energy.

With experience, skilled users make a second career out of spread betting. The knowledge acquired through multiple contracts is cumulative. The more you know, the better decisions you can make. What’s more, the same knowledge that makes someone a good spread better also translates to the world of traditional investment. For entrepreneurs who want to put themselves on a profitable track for the future, regardless of the success of their business, spread betting is a great skill to acquire.

 

Photo courtesy of: SofiLayla

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Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

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