Multiple Income Streams are discussed all over the internet and many programs use various ways to generate them, but is this really necessary and more importantly, how do we create this cash flow online?
The purpose of this Multiple Income Streams Review is to show you what we do to earn, and bit on how that evolved.
When we started our online business, we created our first review website at http://www.businessreviews4you.com and did not yet have multiple income streams. We were lucky to have found a good guy Jason Ryan Isaksen who told us the truth about what to do to get started. His teaching was spot on, but also until you get good at knowing how all this works, even though we had traffic, we were not immediately into profit.
My take is, like any business, until you get enough money coming in, and greater than what you are spending by a decent profit margin, you may not be safely in business.
Our 1st month running PPC and getting sales wads cool, and we broke even. Hmmm, it was very close to a profit. Would I go another month running PPC ( spending advertising money) with the hope that enough sales came in to make it a profitable venture.
Are you seeing how this all works? You do need some skills to manage this business start up.
Anyways we did stick with it, and soon found various programs that started to add up to our multiple income streams.
Our income streams right now include (I hope I don’t forget any): Global Domains International (GDI), aweber affiliate income, My Home Biz Builder (MHBB), Traffic Swarm, various List Builder sales, GVO/HostThenProfit, and several passive income systems such as Profitable Sunrise, Felmina. OH…we are also members of BannersBroker, JustBeenPaid/ProfitClicking, UPP (UltimatePowerProfits),WCA (Wealth Creation Alliance). I think that’s all of them. Some are in start up mode so we are waiting to see how they fair.
Being a member of an active team is good so you get the “inside” scoop on newer multiple income streams programs, and may get in on the ground floor.
Also, we are lifetime members of Global Resorts Network, a fantastic product to sell and with only a few monthly sales you can have a “full time” income.
As you can see our multiple streams of income are partly support items we need to run our main program , GDI, the we added the passive items since, if you put in some money, you are quite likely to see some return (maybe 60% a month). ADD that to your other multiple income streams and you can have a nice full time income level.
I think it is important to realize that:
1. You really don’t want just one income stream. If that program fails, so does all your hard work. Then
2. As you earn in one program, you may use that to feed others.
3. This all doesn’t happen overnight. And often we fall into what suits us.
We may have a program that is working great, but it doesn’t suit our personality, so we look for something that suits us. For example my GDI program will make sales direct from the website- I rarely need to close any sales. This works for me as a nice passive type of sale. I don’t have the time or desire to track people down or try to “sell” them.
Other programs do need us to make calls. So this is what it may take is a few years to find our mix of multiple streams of income.
If you have interest in any of the multiple income streams programs we are in, please leave us a comment or email us.
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Having Multiple Income Streams is a must online, just like your investment portfolio.