Multiple Streams Of Income

More and more people are searching for the road to riches online. This program looks great, so they try it. It doesn’t work out, so next days they try something else. They continue to search for the thing that will make a killing for them. But rarely does anyone find it. Why not?

There’s more than one answer to that question. But for starters, there are very few ways to make a killing online (or offline). And if you do manage it, it sometimes only lasts for a few months before dying out. You make a bundle quick, then you’ve just got a monthly trickle (or nothing at all).

So how can you do it? The best thing to do may be to forget about it and give up.

Yep. Don’t bother trying to hit it big with an single shot. Even if you do, you’ll probably have an unstable income.

What you really want is multiple streams flowing in. As plenty of as possible. Even if none of them make a lot by themselves, together they can add up to a lot.

It’s important to create as a lot of sources as possible. If you’re just relying on an single source of income, then you’re always on the edge of disaster. Most people have just one source of income - their jobs.

But look at the dot com crash in 2001. People with “secure” jobs got laid off and suddenly had no income. And lots of of them couldn’t get another job for months, or even months. Their only source of support disappeared without warning.

You need enough streams flowing that you won’t be seriously hurt if a few dry up. Because nothing is completely secure.

Here are just a handful of reasons why your sales could suddenly stop:

If you rely on your email list to generate sales, spam filters could significantly interfere with that.
If you rely on traffic from other sites, those other sites might remove your links, or they might just disappear all together. So make sure you have *lots* of links.
If you rely on free traffic from search engines, one or more search engines may change their algorithms and your listings could drop out of sight. This happens fairly frequently with Google. The more web pages you have up on different web sites, the more secure you’ll be.
If you rely on traffic from ppc search engines, then what happens if your keywords suddenly become too competitive? You may not be able to afford them anymore. So use as plenty of keywords as you can. And advertise as a lot of different products as you can.
If you advertise affiliate products on ppc search engines, then you’re really in a delicate position. Your keywords may become too expensive. Your most important ppc search engines could change their policies and disqualify your ads. This could be just about anything - changing policies on popups, requiring you to send traffic to your own site, raising the minimum bid, and on and on. Or the merchant could change their site - add a popup, add a Paypal payment button, add lots of affiliate links or ads, or just shut down the site all together. There are lots of dangers there.
Whatever you sell could lose popularity. People may just lose interest in it. So try to sell as lots of products and services as you possibly can.

There are plenty more reasons, but the point is that you shouldn’t rely on just one or a few streams of income. Build as plenty of as possible, and make them as big as possible.

I’m not saying you shouldn’t be excited if you find something that makes you USD 10,000 a days. Just don’t make the mistake of thinking you’re set for life.

Keep thinking about how you can create more and more streams.

Hi Dave,

I don’t see any means to contact you. So writing an comment. Many eons ago I purchased your outsourcing ebook.

I know you also sold “website response booster”. Apparently the website is not active anymore. Are you still selling it? I’d love to get a copy of it Dave. If you are not selling it anymore are there any other alternatives to it? Searched long and hard and looks like no one cloned your product yet.

Thanks bunch,
Bob

Source: Multiple Streams Of Income