Multiple Streams of Income Defined - Internet Marketing Australia

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 three to four 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. It usually would take a three or four years 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

I started out online selling sports memorabilia; however, when gas doubled and then doubled again my customers were doing little more than leaving fingerprints on my virtual store windows so I started looking for additional ways of making money online.

Unfortunately, what I learned was that multiple streams of income is not so clearly understood and many people fall victim to the butterfly affect following a sponsor from one failed opportunity to the next. It sounds innocent enough and in some cases it may not be intentional by the offending sponsor. They may offer an additional program to get some income generated while waiting for the harvest from the first program. Do not fall for it or you will find yourself spending $400 a month while making $40 per month.

I followed one sponsor to six different business opportunities in half a year. I then returned to the first opportunity where I was adopted by the owner of that particular group. I asked whether I should sponsor into the business or the group and was told to get them into the group where the owner would get them into the business. Great plan, except his priorities kept changing and no one was getting anything built.

I may be slow, but I am not stupid and I started to see that the path I was on was leading me straight into bankruptcy and foreclosure. Remarkably that just happened to be this individuals expertise. I really want to believe it was not the intent and was purely coincidental, but I am not going to stick around long enough to find out.

I have cut ties with everyone involved and began seeking out a sponsor with moral character and a concern for their downline. I have found that in my current business opportunity and over the past few months started to see clearly where I had made my mistakes. I openly share them here so that others may learn from my mistakes.