5 Ways To Generate Multiple Income Streams
Most likely you have heard the saying “Don't put all your eggs in one basket“. This is truly a sensible saying that can relate to many aspects of your life. Let's primarily focus on generating Multiple Income Streams.
It’s hard to rely on a 9-5 job for your entire livelihood with layoffs and pay cuts always right around the corner. With multiple streams of income, on the other hand, you can avoid putting all your eggs in one basket – and use multiple streams of income to grow rich.
I am an Online Internet Marketer and can honestly tell you horrible experiences with Network and Affiliate Companies that either were shutdown or did not offer support and training to help you grow a business. You must have determination and a positive mindset to grow and build your business. There ARE great companies with great products that can help you build a brighter financial future.
Learn More about Online Business Education and Multiple Income Streams: CLICK HERE
After years of experience, and yes, failures that taught me lessons, I was able to find the perfect match of Multiple Income Streams to exceed the income from my traditional 9-5 job.
Here are some Strategies You Must Consider:
1. Brand Yourself!
So what exactly does that mean? Imagine you are driving down the street and see in the distance golden arches. Now most of us know that stands for McDonalds fast food restaurant. Those golden arches represent their Brand and are easily recognized worldwide.
So to build your Brand online would mean a photo, logo or image of YOU. Learn more about Branding You in my recent blog post, How to Create Your Personal Brand.
2. Offer a service or sell something
The plain truth is simply start by selling other people's products through affiliate or network marketing. This is the fastest way to generate an income stream without having to reinvent the wheel. Let's face it, more and more people are turning to buying online everyday.
Let me ask you a simple question? What hobby do you have a passion for? Maybe photography, gardening or financial planning. You can start your online business by sharing your passion, selling your service or products.
Virtual Business education is exploding in the online marketplace. You and many other online business owners simply can’t afford to not have in your arsenal to find success. Learn More on Business Education, Click Here.
3. Invest, Learn and Teach
Invest in yourself by learning best business practices in the online arena. Learn the proper way to use social media outlets and master them one at a time. Share and Teach others through social media to gain leverage and become a credible authority.
The plain truth is, this may sound too hard or overwhelming. And honestly, I will tell you it can be at times. You will learn early on the importance of mindset and setting goals. If you are serious and determined, stick to your goals and your future will change by keeping your eye on that end result.
4. Work With A Coach or Mentor
Working with a Coach or Mentor you get the facts, the cold hard facts. The advantage of their experience of what works and what doesn't is invaluable. But that is not to say just because it did not work for them it won't work for you. The time, online environment and individual personalities could make a difference. Remember, YOU are Branding YOU and seeking the experience of someone that is seeing success.
5. Join Social Media Groups
By joining groups you can easily interact with like minded people. You can share what you have learned and resulted in success. Many top earners are open to sharing and answering questions you may be struggling with. It's a great place to learn about Multiple Income Streams that may interest you.
Setting yourself up with Multiple Income Streams can be a saving grace in the event an affiliate or network marketing experiences problems. This can ensure you continually have a steady stream of monthly income to support your family and financial obligations.
There are even essential resources that most marketers find vital to keep their business growing that you can sign up to become an affiliate for free. The commissions may be small but can also add up over time. Here are a few resources you may want to consider:
- Canva – Professional Image Design
- Aweber – Email Autoresponder
- Amazon – Refer a Book and earn a commission
- Clickfunnels – Create Landing Pages
- And so Many More
Set up yourself for a secure financial future by getting your multiple income streams in place. Click Here for a great opportunity.
Did you find this helpful? I would love to hear your comments. Feel free to Like, Comment and Share.
Donna M Sands, SandsOnlineVentures@gmail.com