This article will give you ideas on how to build multiple streams of income in your online network marketing business. I remember back to when I read Robert Allen's book "Multiple Streams of Income." If you have never read his book you should. He talks about creating 'MONEY TREES.'
Imagine that. Having a money tree where you can go pick off dollar bills. That would be great wouldn't it? Well in online network Marketing we have the ability to create money trees. I love this business so much! Not only can I create massive value in the lives of others but I can set up 'ASSETS' (Multiple Streams of Income") that will pay me forever.
In Online network marketing we need to focus on our first money tree which is our primary opportunity. Next, we can begin creating our own products and become an Infopreneur. Information sells on the Internet and if you are building your online network marketing business the right way then you should be constantly building a list and then branding yourself as a leader and an expert to your list. Your list is really your goldmine. Think of it as your new WARM MARKET. The more you communicate with your list and create value the more money you can earn. By learning how to create products and sell them you will set up a valuable money stream. Eventually you can have them market your products for you and earn money off of thousands of additional sales or simply market affiliate products and build your downline.
You can also create a website and earn money by allowing Adsense to place relevant ads on your site. If you have a highly popular site with a lot of traffic you can begin selling ad space. You can also buy your domains from godaddy and become an affiliate for them and then make sure all of your students, downline, and customers purchase their domains through you. The same can be done with your autoresponder company. This would be a passive income stream that will build every month in addition to your primary opportunity.
I hope you can see that the opportunities for setting up multiple streams of income in your online network marketing business are tremendous. Don't let information overload stop you from taking action. Do something today and begin creating your dreams.
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