A mechanical engineer who changed his career to Java/JEE in 1999. Maintains a Java/JEE career website at http://java-success.blogspot.com. Published 2 books on Java/JEE entitled: 1. Java/J2EE Job Interview Companion. 2. Core Java Career Essentials The above books are available via Amazon.com. Arul has posted 15 posts at DZone. You can read more from them at their website. View Full User Profile

Creating Additional Income Streams, Especially for Tougher Times

03.03.2009
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Motivated, skilled, and networked professionals with good soft skills, marketing skills, business focus and right attitude may be the ones least affected by economic down turns, but even they are not guaranteed to survive in this volatile industry. Companies don’t care how much knowledge, skills, and capabilities walk out the door. They only care about how much budget money they can save. At times, it really matters to be at the right place at the right time or know the right person at the right time. So, how do you cater for these types of uncertainties in your career? Create additional streams of income, even if you are an employee. There are a number of streams one can look at: 

Note: Be careful not to break any of your employer’s no compete policies or contracts.

Additional streams may not -- at least initially -- make enough money to replace a full-time job, but they can cushion the pain of income loss while helping you acquire new skills, keeping positive and motivated, and growing your professional network. Publishing books/articles (http://java.dzone.com/ ) and writing blogs can also build a professional profile online. The Web has become a very valuable tool for communicating your value as a professional, expressing your capabilities, networking (e.g. LinkedIn ), etc. You don’t have to be a jack of all trades or a brilliant professional to build your own brand online. All what takes is to be creative and express your unique value with passion and perseverance. If things are looking more promising, you can promote your online products, books and services through Google Adwords.

From Java/JEE Career Center

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Published at DZone with permission of its author, Arul Kumaran.

(Note: Opinions expressed in this article and its replies are the opinions of their respective authors and not those of DZone, Inc.)

Comments

Sumit Kishore replied on Tue, 2009/03/03 - 2:47pm

While the advice is well taken, it's so very surfacal (build a website, with a link to a website hoster?) that I'm surprised the article made it to the front page. From the title I had hoped for some more insights into what it takes to establish that second revenue stream. I'll be curious if the author has had success creating a second revenue stream, and what experiences he can share.

Sumit Kishore replied on Tue, 2009/03/03 - 2:53pm

I do see you've published a book on Lulu. How'd you narrow down what to write on, what were the challenges, what did you learn that you didn't know before you started and might be handy for someone investigating that avenue?

Arul Kumaran replied on Tue, 2009/03/03 - 5:55pm

I have additional streams of income via published books and blogs. English is not my first language, and if I can do it, others can do it too. Also, love to take up part-time teaching, but quite busy with my full-time job.

Books

  • Two Java/JEE career companion books site have been published via POD (Print On Demand publisher Lulu.com) and distributed to more than 25 online online stores like Amamzon.com, BarnesAandNoble, etc. Read the Lulu.com guides and faqs. They have an online live help chat line. If you search for Java books, you will see a number of Java/JEE books published via Lulu.com.
  • Have sold over 10,000 copies, and I promote my books via google advertisements and by helping others via industry specific forums. If you google for java interview, you will see my google advertisement. Unlike traditional channels, you get to keep more, but marketing is on you.

Blogs

-- I have signed up for google adsense in my blog. MyBlog

    Some key points are:
  • Identify gaps in the market and look for opportunities and creative ideas (e.g. Head First Series by Cathy)
  • Identify your strengths.
  • Keep researching online and network with like minded professionals.
  • Build a passion for what you do.

These approaches not only have the benefit of additional income, but also can help you enhance your skills.

  • I learned a lot by writing.
  • I keep learning by mentoring and helping others.
  • It also has increased my ability to find employment by raising my online persona.

Once you get your foot in the door and start exploring the links I have provided, things will become clearer. Good luck.

Logically Genius replied on Tue, 2009/03/03 - 9:26pm

Excellent Article with good collection of points on extra income.

 

One more thing is, when income is low or job is lossed, is to seriously upgrade our skills in the available time. Thats whats gona end your personal recession.

Arul Kumaran replied on Tue, 2009/03/03 - 9:54pm in response to: Logically Genius

Good point and this is covered in "How To Stay Technically Ahead" post.

Raj Malhotra replied on Wed, 2009/03/04 - 3:26am

This is really one of the most usefull threads at this time.

First few lines of your post say the exact reality of this industry. Companies don’t care how much knowledge, skills, and capabilities walk out the door. They only care about how much budget money they can save. I have seen you book sample contents, but would also like to hear from you, as you have a sound tech experience, about the latest trends in market and what should be focus on to build a career for next few years. Easytechlife

Arul Kumaran replied on Wed, 2009/03/04 - 6:56am

SOA based strategies and technologies -- BPM, ESB, Webservices, JMS, etc XML based technologies -- XSL, XPath, XQuery, etc

Jeroen Wenting replied on Fri, 2009/03/06 - 1:19am

Most contracts explicitly prohibit ANY sidejobs, and certainly sidejobs related to the main job. Leaves the blog, and we all know web advertising hardly ever pays even the hosting bill for the blog, let alone the time spent writing and maintaining it.

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