Internet marketing has taken the nation by storm, with so many of the nations'workers being downsized and right sourced it is no wonder. The years of a company's loyalty being placed on its' employees has going the way of the dinosaur. As a result many Americans have started looking in other areas to diversify their portfolios. Hence multiple streams of income happens to be the vehicle that we have chosen to ride at this time.
This is a huge topic and is one that you must completely understand. Otherwise, you will get ripped off and lose a lot of money. Let me explain what multiple streams of income are and what they are not. Multiple streams of Income are a concept that many millionaires use to have many revenue avenues. Michael Corcoran, who was the founder of the first multiple income stream marketing system on the internet in 2001, would agree with this concept.
When Mike Corcoran created the first Multiple income stream marketing system, he never imagined how so many people would take advantage of this concept and use it against you to rip you off. Before I get into details about the ways that these so called "internet Guru's" are taking advantage of you, I'll get into the way it was intended to be used.
Multiple income streams was intended for a person to start a business with one company, an affiliate program, MLM or direct sales . It was intended for a person to master one program, have success with it for a minimum of one to two years and then add another business to the portfolio when, and only when, the first business was running on autopilot. While still running the first business, putting little time into it because it was running so well, focus a little more time and money into the second business to get that one up to speed where it was duplicating the results of the first business. This is how you can double your results. Like, I said, it usually would take a year or two to get a business and multiple incomes up to the level where they were running on autopilot.
If you have spent many years developing the above strategy, it is alright to add a third or a fourth business to the portfolio as long as you maintained the original businesses. Adding more than one business to your portfolio in less than a year just proves that person is not focused and says a lot about their character. Having a total of more than 3-4 businesses in a portfolio just means that a person is simply a program jumper and is out to take your money.
Program jumping is becoming more and more popular these days from these so called "internet guru's". This is a typical case in which someone is a program jumper. Watch out for these people. If someone has joined three programs in 6 months time, they are a program jumper. Program jumping makes money for the leader who jumps. They usually say things like "Brand New" or "Get in Early" or "This one is so much better". The truth is, they take all the followers from program to program to program. They make excuses of why they left the old program to find another one. The truth is, they have suckered all the people they can sucker into the first program and their income is suffering, so they say they've found a better mouse trap over here, so come and join me over here and you'll make a ton of money with me over here?.I know people who have joined 5 programs in 7 months. Anytime a new program came on the market, they were in it, suckered all the people they could into it until the next new program comes along.
I know several people, who on the outside look great, but jump ship every two months. They put together training packages, marketing tools such as capture pages and auto responders, professionally written letters, etc. They look like a leader until you pay them $1000 for program A, then another $1000 for program B, the $1500 for program C and so on. Pretty soon they are rich, and you are broke and left to fend for yourself.
Use your common sense out there. Do your homework before you join anything with anybody. The first question should be, What else do you promote? What have you tried? How many have you tried this year? Last year? If they do NOT have a stable track record, run for the hills. Think about it. If you were an employer and wanted to hire an employee and you get an applicant that has had four jobs this year alone, would you hire them? NO Way! You know that by the time you trained them, they would leave looking for more money! Isn't that right?
My suggestion, take your time when looking at an internet business. Do your due diligence and a good internet marketing business will generate a wonderful multiple stream of income...
Multiple Streams Of Income Robert
Some life coaches are finding it hard to make money through life coaching. All it takes is a bit of creativity, and your skills and abilities as a life coach can become available to a wide audience. As you read this article, you will discover ways to create multiple streams of income as a life coach.
Multiple streams of income as a life coach is an amazing topic. But, what are multiple streams of income? You may or may not have heard of the term, but multiple streams of income also known as MSI's, is a great way to build wealth.
We all have heard the term - don't put all your eggs in one basket. Why? Because it is very risky, and if that one source dries up, then there are major problems. The problems are great; it results in devastation and potentially welfare. We don't want that, so MSI's become an essential for not only life coaches, but for others who are interested in following the wisdom of not putting all your eggs in one basket.
So, how are you to create these multiple streams of income as a life coach? First realize that creativity is a part of this, and it can work phenomenally not only in your financial success as a life coach, but also in the amount of lives you have a positive impact.
Realize that life coaching clients face to face is but only 1 way to coach people. From that we can get creative. You can take this further with online life coaching or even coaching over the phone.
Now we talked about phone, another idea is to offer tele-classes. And now from the simple 1 way of life coaching - we find that we have 3 streams of income.
Doors are now opening! And you are beginning to see some amazing ways where a little creativity can do amazing things to your life coaching practice. The creativity was not great, you did not need the creativity of Picasso, however, using existing ways with a little bit of creativity can bring amazing results.
What about seminars? If you are new, and have some cash, putting on a seminar need not cost more than a few thousand dollars, and can do many things to your life coaching practices branding and popularity.
Many top life coaches have successfully done this. They have started with seminars, and now have become some of the most known people on the planet. Look at Anthony Robbins, and Bob Proctor to name a few.
There is a lot of ways to make money as a life coach. When you have the necessary skills, abilities, and practical knowledge, you can be sure people need that to excel more in life. With creativity, you can truly transform your life coaching practice into a multiple stream of income venture that benefits the highest amount of people for the highest good.
Both James Vernon & Koz Huseyin are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
James Vernon has sinced written about articles on various topics from Internet Marketing, About Branding and Home Based Business. James Vernon is investigating the question of can a regular Joe make money on the internet. This is the question many of the newbies are asking.. James Vernon's top article generates over 14800 views. to your Favourites.
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