If you are an entrepreneur like I am, and especially if you believe in small streams of income, you are most likely getting paid by this vendor or that vendor at different intervals, different times of the month, etc.
I have a lot of different types of businesses. Here are some of them:
- eCommerce Selling on my own websites
- Amazon FBA Sales
- Amazon Kindle eBooks
- Paperback Books from CreateSpace
- Online Courses
- Payments through 2Checkout
- Payments through Paypal
- Google AdSense
Each of these payments comes in at different times of the month.
I got thinking about this and thought to myself that surely others who are doing business similar to the way that I do have similar situations. It is not like we can depend on getting that paycheck every Friday or on the 1st and the 15th of each month like most people get. No, we have to be more flexible. Also, unlike people with “real jobs,” we entrepreneurs don’t have a set amount that we get on those fixed dates. No, money is always in flux for us, both in terms of when the money will come, and how much money will be coming!
Because of all of this, I decided to publish a series of articles over the next week or so, under the series title “When do you get paid”. For those who are already doing business as I do, this might give you ideas of things you can do to fill in getting some payments during those times of the month when things tend to be slow. Maybe you can use different vendors or different payment processors to achieve this goal.
For those who are still working a “regular job” and are thinking of moving into the more 21st Century style of working, this might be an eye-opener for you. It may enhance your desire to make the leap, or it might scare you away! Whichever it does, it is always best to be armed with information.
So, come back over the next week and see when I get paid for different things!
Interesting, I will look forward to reading them. I had a PayPal account, linked to my credit card in Bahrain and I would like to know how I can set up another account, particularly since I don’t use one here and don’t qualify for getting one.
Hi Denzil. I recommend you get an EON card from Union Bank Philippines. That is a debit card, and it works perfectly with PayPal. I have been using it for years. When you withdraw from PayPal to your Eon card the money is there within minutes. It is very convenient.
Thanks Bob, I will check it out