There are numerous offers on the internet that promise to provide you with a free website from which you can make a ton of money, selling their products or services. That’s right, at no cost to you, the company will accept you as a distributor for their products and give you a website and any sales that come from your site will result in a huge commission check. On top of that, if you can recruit more people to accept their free website, then you can receive a commission on their sales as well.

All of this is free and sounds good on paper, but when reality sets in you will soon learn that there is no such thing as a free lunch, or website. Yes, most of these companies will give you a free website, a replication of their own site and it will be configured with your name or company name on the landing page. It will also track the visitors that place orders through your site and yes, they will pay the promised commission. The challenge for you is getting visitors to your specific website.

This is when the free website begins to cost money. For sake of argument, consider a company sells health products and you are now a health product distributor for its brand. Chances are, you have joined a group of more than 100 other websites selling health products for the same company and you all have the same title on your website. A person searching for the company name may end up with a choice of 50 or more sites with the same name as a result of their search, and research shows that most user only look at the first 10, and in rare cases 20, of the top search results.

The odds of a search making your site one of the top searches is extremely low so you will have to become involved in network and online marketing just to make your site standout. Additionally, if you did manage to recruit others into the program, you have added to the competition. Print advertising that includes your specific website name may work, but most internet savvy users know that anything past the “/” (forward slash) in a site name is usually meaningless.

Your site’s name for tracking purposes is for instance, www.supervitaminsales.com/yourname and people only type in supervitaminsales.com, they will end up at the company’s main website. You did the advertising and will receive none of the financial benefit because the sale did not come from your site.

In the end, don’t buy into the hype of free. If you want to become a successful home business owner or network marketer it’s important that you get you own online presence that you have full control over.

There is a lot of buzz going around the Internet these days about Multiple Streams of Income. Essentially this concept goes hand in hand with an old saying, “Don’t put all your eggs in one basket.”

So instead of obtaining all your income from one place you want to find “Multiple” opportunities (assets) that can produce income for you and your family. Then if something happens to one of your income sources you still have several others that can pick up the slack.

Sounds great but how does a person go about executing this strategy and actually getting it to work?

Although each person’s situation will be a bit different there are a few basic tips that can get you started on the right path.

Tip #1 - Understand your options

There are literally hundreds of different ways a person can make money. Of course, for the most part, we want to focus on passive income opportunities that allow us to do the work once and get paid on it over and over again. Below are a few of different opportunities that work well for this.

- Network Marketing
- Affiliate Marketing
- Real Estate
- Stock Market
- Info product creation
- eBay
- Google Adsense
- Niche products

Of course there are several others but I like these the best because they are easy and inexpensive industries to get involved with (with the exception of real estate and the stock market).

Tip #2 - Start small - Create something profitable before moving on

Have you ever heard the saying, “Jack of all trades and master of none?” In other words you know a little about everything but don’t excel in one particular area. When it comes to the theory of Multiple Streams of Income, most beginners are coming at it from this perspective. Because of this, it’s important that a person takes small progressive steps towards success.

Pick one single project to concentrate on, and then make it profitable before you move on to something else. For example, if you decide to start with a network marketing opportunity, work at it consistently until it’s producing a nice residual income before you start branching out into an eBay or affiliate marketing opportunity.

Tip #3 - Diversify into different industries

For some reason I run into many different entrepreneurs who are involved with several different network marketing companies and think they are taking advantage of the “Multiple Streams of Income” concept. This is rarely ever the case though.

The truth is that you don’t want to open up different income streams that are going to compete with each other. Otherwise you just stretch yourself to thin that you don’t make money in any of your endeavors.

I suggest picking one network marketing opportunity to take advantage of and then focus on other industries like eBay, affiliate marketing or info product creation. This way you are diversifying into other areas that can compliment each other rather than take away.

Tip #4 – Use profits to create even more income streams

You might have noticed that I mentioned real estate and the stock market in my list of good passive income opportunities. Although you might not have the money to get involved with industries right away, it’s important to enter them at some point.

The best way to do this is to start small with things like network marketing, affiliate marketing or eBay and then set aside some of your profits in an investment account for future use. This way you can build your way up to even more income streams without using out of pocket costs.

In the end, taking advantage of the concept of Multiple Streams of Income has never been easier. The Internet alone can supply you with enough different income sources that you will never have to work a regular 9 to 5 job ever again. The most important thing is to get started right away, take small steps and be consistent. By simply doing those three things there is no telling where you could be 10 to 12 months from now.

This article was written and owned by Josh Bradley

To learn more about producing Multiple Streams of Income I suggest you check out Both of Robert G. Allen’s books that are linked below.