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 create 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 your detriment. Before I get into detail about the ways that these so-called "internet guru's" are taking advantage of you, I'll get into the proper way it was intended to be used.
Multiple income streams are generated after a person starts a business with one company, affiliate program, MLM or direct sales company. It was intended for that person to master the first program, have success with it for a minimum of one to two years and then add another business to the portfolio when the first business is 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. Usually it 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 generally indicates that a person is not focused and even speaks unfavorablely to their character. Beware, that 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". Watch out for these people. If someone has joined three programs in 6 months time, they are "program jumpers". Program jumping only benefits the leader of "jump". They usually say things like "Brand New" or "Get in Early" or "This one is so much better". The truth is, they take all of their followers from program to program to program. They make excuses of why they left the old program to find another one. They say they've found a better mouse trap over here and encourage you to follow and promise tons of money. 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 came about.
I know several people, who on the outside look great, but jump ship every two months. They put together training packages, slick 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, you broke and left to fend for yourself.
Best advise is to use your common sense out there. Do your homework before you join anything with anybody. Ask the following questions: 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?
In closing I will leave with these thoughts. Use your common sense and beware of the so called "Internet Guru". They disguise themselves as an expert, but they are really just "program jumpers".
Project Vs Program Management
This is a huge topic and is one that you must completely come to understand. If not, you will get ripped off, scammed or even lose a lot of money. I will explain what multiple streams of income are. Multiple streams of Income are a concept that some millionaires may 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, will agree with this concept.
When Mike Corcoran created the first Multiple income stream marketing system, he never imagined how so much people would take advantage of his concept and use it against you to rip you off. Before we get into detail about the ways these so called "internet Guru's" are taking advantage of you, I'll get into the way it was supposed to be used.
Multiple income streams was intended for a person to start a business with one company, affiliate program, MLM or direct sales company. 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.
This is how you can double your results. While still running the first business, putting little time into it because it was running so well, focus 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. 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.
Having a total of more than 3-4 businesses in a portfolio just goes to show that a person is simply a program jumper and is out to take your money. If you have spent many years developing the above strategy, it is ok to add a third or even a fourth business to the portfolio as long as you have maintained the original businesses. Adding more than one business to your portfolio in less than a year really says a lot about a persons character and proves that person is not focused.
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 sense for the leader of jump. They usually say things like "Bran 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 up excuses of why they leave old programs to find new ones. What really happens is, they have suckered all the people they can sucker into the first program and their income is suffering, so they say they have 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 as many as 5 programs in 7 months. Anytime a new program was introduced on the market, they were going for it, suckered all the people they could into it until the next new program came about.
I know several people who 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, you broke and left to fend for yourself. These are people who appear to look great on the outside, but jump ship every two months.
You should use common sense when out there. Your homework should be done before you join anything with anybody. This should be your first question, What else do you promote? What have you tried? How many have you tried this year? Last year? Run for the hills if they do NOT have a stable track record. 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? ABSOLUTELY NOT! You know they would have left looking for more money by the time you trained them! Isn't that right?
Both Tammy Schieb & Jennifer A Thomas 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.
Tammy Schieb has sinced written about articles on various topics from Affiliate Programs. SRQBIZ www.makemassiveincomeathome.com. Tammy Schieb's top article generates over 480 views. to your Favourites.
Jennifer A Thomas has sinced written about articles on various topics from Home Based Business, The Internet and Site Promotion. By:Jennifer A Thomas-Subscribe Completely FREE to our Completely Researched Learn The Latest Marketing Methods and Proven Strategies. L. Jennifer A Thomas's top article generates over 3600 views. to your Favourites.
African Photos Of People The reality is that photographs and documentaries only highlight certain issues