Sunday, September 30, 2012

Why You Need To Build Multiple Streams of Income For Yourself ...

Author: Michel Maling | Total views: 119 Comments: 0
Word Count: 664 Date:

Everyday, hundreds of people all over the world join up with network marketing opportunities online, hoping to make riches, but often the opportunity that they join up with is closed down within a few short months. This is one of the main reasons that online entrepreneurs need to focus on building sustainable and long term residual incomes for themselves.

Problem is most internet marketers join every opportunity that comes their way, and then never actually make anything much in any of them. The reason is that they don't treat one opportunity like a business and work on that particular opportunity until they are actually in profit. Instead they try for a little while with one and then join up with the next best thing that comes around.

The secret to success is working your part time job just as hard as you would your full time job for at least six months or until you are in profit. Only after you have done this will you see whether or not the business will work out for you or not.

The other problem that many face is that they do all the above and then the company closes their doors just when you do start earning yourself a nice little income. Overnight, poof, their earnings have gone.

Okay, we all know that internet marketing is hard work and always will be. Only once you have in disposable income in your hands, can you make your money work for you and afford yourself more time to live your life. It will be hard work until then, building up your business and learning all there is about driving traffic to your program.

Here are some things to look out for before joining up with any MLM or Internet Marketing Business and what you can do to sustain your income:

1. When you find something that appeals to you, Google it and see what others have to say.

2. Try not to lay out any money unnecessarily. If possible, make some money first, then reinvest it into your business.

3. If there is a monthly fee involved, which there normally is in any good business, make sure that you will be able to afford the first three months at least, until you have something coming in.

4. Try to join up with opportunities that are either more than two years old, or that help you to build multiple streams of income in more than one different place. In that way if one of the streams collapses, then at least you will have another to sustain you.

5. Build up a good relationship with all the people that you bring into the business. Give your referrals all the help and support that they need, because if they are successful, then in turn your will also be successful.

6. Join up with an online opportunity that you only have to promote one URL and earn multiple streams of income. In this way you can focus your time more productively on promoting one thing instead of trying to promote many different things and thus dilute your advertising power.

7. Make sure that you invest money in a product or service, as there are many pyramid schemes to invest in with nothing to show for it, and these are normally the types of sites that don't last very long.

Network marketing is the wave of the future, as this is one of the only ways that you can build yourself a great residual income. A residual income is money that you are earning without having to put in hours of work each day, the way you would at a regular job. When you get to this stage, you will be able to enjoy your life more and not have to tie yourself to your desk for eight hours a day.

If you are interested in building multiple streams of income for yourself, then click here for suggested reading:  http://profitonlinefromhome.com/recommends/my-primary-business

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