If you are already an online home business marketer, you may or may not know by now that there are 2 months out of the year that are really slow and sales are at their lowest point. The 2 months that I am talking about are November and December.
But let’s go back and look at the profitable months of January to October. You spend money on advertising. You write articles. You get free traffic from the search engines and most of all, you make money. Some are making a lot of money and are able to work at home full time and others are just earning some money while keeping their day job.
There are a lot of people that are making a full time income online but fall for the trap of not saving money in an emergency account. One of the biggest mistakes that I have done in my first few years as an online marketer is that I never saved any money for the 2 slow months of the year.
I wasn’t preparing myself. As soon as November and December came in, I was a little short on cash because of lack of sales. In these 2 months, people are not thinking about getting into a work at home or cloud based intranet for small business opportunity. They are thinking about buying gifts for the holidays.
That is why this year, I have decided to start off January with a little emergency savings account so that when November and December came, I am ready financially for the slow time.
The one thing that you need to do, if you are a full time internet marketer like myself is to start an emergency account and start saving money when your strong months start. Even if you don’t feel like saving and don’t think that the slow months will affect you in anyway, think again. Having an emergency account is critical because you will never know when your business will take a deep dive and not make you enough money, especially when the holidays arrive.
So set up an emergency account. Put in what you can and when the slow holiday season arrives, you are ready financially. Set aside $200 a month. If you can save more, then do that.