Multiple Streams of Income...Surefire Way to Success
by: YourBusinessTherapist |
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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 this multiple income stream system was founded, Mike never imagined how those so called "guru's" would take take this concept and use it against people to rip you off.
Autopilot, you see that word spread out on the internet like a wild fire. The concept is great but what the gurus like to have you believe is buy my program or service and It will make you a gazillion dollars overnight. You must master one business at a time and in the process implement the autopilot aspect of it when the time and your budjet is good for you.
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 cannot stick around long enough to become successful.
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 excuses of why they left to 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 came about.
There are people who will put together a system with marketing tools,capture pages and professionally written letters, then once they get your money they jump ship and do it over and over again.
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, 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.
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