Many things are capable of working successfully, however there can be many factors that come into play as to whether something is Viable or not.
Is it viable cooking a fried rice with a stove that works, a Fry Pan, Vegetables and some rice – Indeed it is,
If the stove didn’t work it wouldn’t be, if there was no fry pan, it wouldn’t be, if there was no rice, it wouldn’t be, if there was no vegetable, then it would still be viable.
There will always be factors to consider when considering if something is viable or not.
David @hirohurl wrote a great post about the Viability of List nerds as a genuine income earner, and on one level I agree that this is viable, however, when you look at the cash out for List nerds, after all if it were to be viable then it would need to be successful in achieving that income earning capacity. However when you look at Cash out time, the site states 10 weeks, and the fact that while you are staking out to liquid it also states that no rewards can be earnt while this is happing, that’s 10 weeks with no returns, and then the time to transfer Liquid Listnerds to HIVE and then the time to cash out HIVE to a currency that can then be transferred to real dollar value, means that a number of factors need to be taken into account if this is to be seen as a viable option for income earning.
Don’t get me wrong, I am an advocate for Listnerds and also a great advocate for crypto and have earnt a nice sum from my crypto holding to date, with still quite a few thousand sitting in various currencies. But I am aware that the factors that slow down the process and in some cases bring the process to a halt needs to taken into account as the viability of something becomes a subjective approach determined by a person’s ability to have patience or have limited time frames in which they need to measure that viability.
I personally own a few online businesses, they are all viable, in that some of them return me an immediate income, and some of them return me a delayed income and some of them just plod along and pay for themselves without having to put anything into them. Those along the way that began to run at a loss, I carried for a while with the income of those that were not, all still viable.
As soon as they showed me that they were no longer viable I got rid of them.
Viability is very subjective based on a person’s needs, wants and abilities. What is a viable option for one is not necessarily a viable option for others. Only you can determine what is viable for you. A person who can afford $10 investments per week for a program that is going to cost them $10 per week but return them more per week has found a viable option. A person who cannot afford $10 per week for a program that costs $10 per week, is going to struggle and although it may pay more, unless those returns are immediate, in their pocket, then it is not viable for them.
I have come across people who, it is no problem to invest $10 per week into something and those who struggle to invest $2 per week. What is viable for you is reliant on the resources you have, the capability to utilise those resources and the ability to wait for the return.
Fried rice is reliant on three things in favour out of four. If one of those three things is not available then it is not a viable option, however with a little leeway one of those things are not necessary for viability to be a factor.
Always remember that for something to be viable there are many factors involved as to whether it is successful for you or not. If it isn’t, then it’s not viable and you need to back away. If it is then you will see exponential growth from your success.
Weigh things up, do your research and then you will be able to determine if it is viable for you
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