Multiple Streams Of Income
The best way to build multiple streams of income on the Internet
is not to start trying to build multiple potential online income
streams, but to start with just one online business programme and to
build up from there.
The reason for this is that the vast majority of newbie Internet
marketers find it difficult enough to make a profit promoting just one
online business programme, so to take on multiple programs from the
start really makes no sense at all. For a start, promoting just one
online business programme to the point where you are covering your
expenses and pulling in a profit on top takes time, effort, and money.
Even if you promote all your programs in a single business package, you
will still find that it is an expensive process to successfully market
your business. For example, if you make it a condition that prospects
must join every single program in your business, then you will find it
much more difficult to recruit paying affiliates. On the other hand, if
you allow your potential affiliates to pick and choose from among your
several businesses, you will be diluting your efforts as one chooses
one program and another chooses another.
What usually results from this is that the newbie market spends far too
much money promoting too many businesses and chasing too few prospects.
Starting with multiple programmes usually ends in business collapse and
empty pockets.
So what should you do if you still hope to generate multiple streams of
income from your Internet business?
Don't despair! There is a much better way to build multiple streams of
income on the Internet. Here it is:
It makes much more sense to become an expert promoter of just Internet
business programme at the beginning of your online career. It will cost
you less money and you will be able to focus much more intensely on
learning everything you can about that business. It will be much easier
to become an expert and also to duplicate your efforts by teaching your
team members everything you have learned.
I want to emphasise that the key is to building multiple streams of
income is to become an expert in your online business programme and to
train everybody who joins your team.
As you become more successful at promoting your business, you will
inevitably come to rely on a range of useful promotional tools and
Internet business services such as web hosting, auto responders,
graphic design agencies, article writing and distribution services,
traffic exchanges, directory submitters, splash page makers, and so on.
Many of these products and services come with their own affiliate
program. Whenever you find a product or service that helps you build
your business, be sure to join the affiliate program.
Now, when you train your team members to duplicate your success in your
primary business, you will want to introduce them to the tools that
help you to succeed. Your team will appreciate that you are helping
them to achieve success in their business and will therefore be much
more likely to buy into the tools and services that help you to
succeed.
This is a win-win situation for everybody involved. Your team will
stand a much greater chance of succeeding if they follow your training
instructions. As they buy into the services that you recommend, you
will begin to build multiple streams of income. You will also be able
to plough a percentage of your profit back into promoting your primary
business.
This strategy will create a virtuous circle for you, your sponsor, your
primary business, and all the other businesses whose products you
recommend to your team members, and finally it will help your team to
succeed and to build their own business with multiple streams of
Internet income built into it.
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