Home Business Success Tip #5 – The Truth About Multiple Streams Of Income

 

It’s no secret. We’ve all heard it before. Everyone desires it yet only a few ever achieve it. What is it? Multiple Streams of Income.

I’m going to blunt here, and in doing so I’m probably going to poke a lot of holes in the way you think about multiple streams of income. Let’s make no mistake about it; the concept itself sounds really good (if taken at face value). But the problem is that when most people think of Multiple Streams of Income (MSI), the WRONG image pops into their head. What’s more is that the way that most people think about MSI, is actually HURTING their chances of ever achieving success! Yup, you read that last statement correctly, but I’ll say it again just in case you missed it.

Your current understanding of Multiple Streams of Income is ACTUALLY hurting your chances of getting Multiple Streams Of Income.

Here’s why:

Bend over right now and untie your shoe laces.

Now try to tie them both at the same time.

Congratulations, you’ve just experienced what most people are trying to do when then try to “act upon” the MSI concept.

One of the biggest mistakes that 97% of home business entrepreneurs make is that they involve themselves in too many home business opportunities. If you think that you’re going to create MSI by: Being in an MLM company, having a gumball machine rout, being a real estate investor, selling affiliate products online, and trading the stock market all at the same time; let le let you in on a little secret – ALL YOUR DOING IS GOING BROKE FASTER!

The real secret to Multiple Streams of Income is to have NON-CONFLICTING Multiple Streams of Income (NCMSI), Let Me explain.
I teach my clients to build their own list of home business opportunity seekers and start branding themselves as the expert. If ALL of your focus goes in to building your list (and building a relationship with your list), then you can turn that list into money SEVERAL different ways.

Send an email to your list telling them about an affiliate program and you’ve now got one stream of income. Invite your list to a teleseminar where another “expert” speaks and sells something to your list and you’ve got a second stream of income. Sell your list coaching on a monthly basis and you’ve got a third stream of income. Tell your list about your MLM Company and (if they join) you’ve got a fourth stream of income!

What’s more is that all of these streams of income came from initially doing ONE thing.

All of the streams of income are now “non – conflicting” and all stemmed from one source. NCMSI (Non Conflicting Multiple Streams of Income) is the new way of thinking about MSI, and is giving home business entrepreneurs a fighting chance at becoming successful.
Robert Hundley

26 thoughts on “Home Business Success Tip #5 – The Truth About Multiple Streams Of Income

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