How To Build Multiple Streams Of Income In MLM
Who doesn’t want multiple streams of income, especially in MLM or Affiliate Marketing? Getting paid from different sources is absolutely the best thing you can have financially. Don’t you agree?
Multiple streams of income in MLM is sort of a debatable issue. On one hand you want to focus on promoting one thing at a time (that’s what all the success gurus say) and on the other hand you see the necessity of not depending on one Company.
You see as a Network Marketer, you must realize one thing… There is a price to pay for the freedom of your time. Sure you don’t have to show up for work every day. But that is also your disadvantage. You usually don’t have any control of the decisions the MLM Company makes and the actions they take.
As you probably know, many Network Marketers have lost huge incomes (including myself) because the MLM Company they were working with decided to make changes that were not favorable to the existing distributors. Sometimes these changes are intended to take income away from established distributors and sometimes they are just bad decisions.
When the nutritional Company I was working with a few years ago decided to make changes to their Pay Plan to keep more of the money, I suddenly found myself having only 1/2 of my income. Until then, I was a strong advocate of working with just one income source so that all the energy is focused in working one thing. This experience made me see that depending on one source of income is dangerous to your financial health.
There are also cases where a top distributor in a company loses 1/2 of his income when suddenly a few leaders in his team decided to go for another opportunity. We cannot blame them or stop them but when this happen you are caught off guard. Just imagine if 1/2 or even 2/3 of your bonus are suddenly gone just like that. Your current overhead still remain the same despite loosing 1/2 or 2/3 of your bonus.
Now it is true that focusing on one business does bring success faster, there is magic in putting all your focus on one thing. Trying to do several MLM opportunities or businesses at the same time will just get your energy scattered.
So what do you do? On one hand you need to have multiple streams of income and on the other hand you need to focus on one thing so you can produce results.
The solutions I have may not be agreeable to everybody (especially the first two ones), but these are the 3 solutions that have worked for me:
1st solution to building multiple streams of income in MLM – Take an MLM opportunity that you are excited about that has the potential of producing a significant long-term income for you and combine it with couple of other support opportunities or affiliate programs that don’t conflict with your primary opportunity. What are support programs or opportunities? These are programs that would offer tools, resources, training, leads, etc. In other words, programs that can help you and your downline do better in their primary MLM opportunity. Offer these support programs and your primary MLM opportunity as a package to your prospects. This way you will create multiple streams of income and help your MLM downline do better.
2nd solution to building multiple streams of income in MLM – Build a downline in an opportunity until you have stability and growth happening without you having to put in any recruiting effort. Then shift your focus and build another Team with another MLM Company while providing support to your 1st downline. This is a formula that no MLM Company likes, but this is what’s in your best interest.
3nd solution to building multiple streams of income in MLM – Build your list. This is something you should do anyway because until you build your contact list, you don’t really have a business. Having a list means that you can create an additional income anytime you want. It’s good to use a service like Getresponse or Aweber, but you can do it any way you want, even if it’s just building a contact list in your email service.
I believe in using all 3 solutions above, but even if you use one of them, you are better off than completely depending on one MLM Company or affiliate program.
The days when you used to be able to depend on one Company or a single business for income, whether it’s a job or a distributorship with an MLM Company, are gone. Diversification of income has become essential. In fact, financial security comes when you have multiple sources of income. This is a business and we are an independent business owner. I believe we have the right to build our own multiple source of income so long we are not hurting anyone or any company that we represent. Be ethical and they will understand you.
So whether you’re in MLM or not, you want to build multiple sources of income. What are your thoughts? Let me know in the comments below.
Power Lead System adalah satu sistem pemasaran secara online. Kita boleh guna sistem ini untuk mencari prospek secara online. Boleh digunakan untuk semua jenis perniagaan termasuk perniagaan MLM. Semua latihan dan tunjuk ajar untuk mengguna sistem ini dan untuk pemasaran online telah disediakan di dalam sistem. Anda hanya perlu belajar saja.
Anda juga boleh promosi kan sistem ini pada orang lain dimana anda akan dibayar komisen yang lumayan. Sistem ini juga merupakan satu bisnes baru untuk anda.
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What is a Funded Proposal and how it can help to
grow your MLM business
You’ve heard the term Funded Proposal in association with network marketing and are wondering what it could be! Before I explain it to you, keep in mind that if you want to generate leads online, a funded proposal is a must for your business! You’ll see why soon enough.
Think about this. In your network marketing business, the most important thing you need is people to talk to about your business or products, right? Of all the people you talk to, how many say NO! The majority, you know that’s true. Wouldn’t it be great if you can figure out how to profit from the prospects that say no? That, my friend, is what a funded proposal is all about.
What is a Funded Proposal and How Does it Help Your MLM
If you are spending money in marketing efforts to generate leads, how many of them said no to your opportunity? Be honest. Now, what happens to those leads that said no? Wouldn’t it be amazing if you could profit even from prospects that said no? Of course it would! So let’s dive deeper into what is a funded proposal and how does it help your primary MLM.
In a nutshell – “A Funded Proposal is a marketing plan that you can use to sell an inexpensive information product to your target market” – Power Lead System
What are these inexpensive products? These are things that provide value to people like training or other tools that they can use. You make money and the prospect gets valuable information that is helpful to them in some way. This is the beginning of your relationship with the prospect. Get it? When you give VALUE a person will be attracted to you. This is called attraction marketing.
There are two valuable outcomes here:
- You can collect targeted and qualified leads.
- You can make an instant sale, which is income that provides funds for you marketing costs.
- Ok then, what the heck does all that mean?
When a person buys that inexpensive information product from you, they are now potential customers of the high-end product on the back end. They qualified themselves by making that purchase. They start to look at you as a person they can trust and eventually may want to check out your MLM business.
A funded proposal helps your MLM because it is a win-win for all involved. The prospect gets valuable information, you get money, and a trust relationship is started. Even if that person says NO to your business, you still made an income and the person learned something helpful for themselves.
Get the Best Funded Proposal System
A funded proposal system is a must if you want to be successful. You can put one together yourself but that would take a lot of time and money. I am sure you are already crunched for time.
After doing my own research and trying many things, the best one out there is Power Lead System. Seriously, if you want to generate online leads and build a successful business and make lots of money, a funded proposal system is a must. PLS is the best of the best and will help you earn even when prospects say NO to your MLM business opportunity.
The alternative is to keep doing what you are doing and wishing for another result. That is the definition of insanity.
I hope you enjoyed learning about a Funded Proposal system. Now go get yours and start making some money!
Social Profit Academy Review and My Personal Results
VISIT WEBSITE (learn more)
There is a new course inside the Power Lead System that claims to teach you how to make money fast using Facebook. But there are a lot of programs on Facebook out there so why is this one any different than other Facebook trainings?
In this article I will explain what Jeff Mill's Social Profit Academy is all about and how it relates to the Power Lead System, as well as my personal experience with the program.
To be upfront, you should know that I am a member of the Power Lead System and I have purchased Social Profit Academy for myself. However, I never promote anything I don't believe in, and if you are on the fence about buying it, then this article may help you. I don't even care if you buy it through my link or not.
First of all, you should know what the Power Lead System is because if you buy Social Profit Academy (SPA) then you will also need the Power Lead System because the two are interlinked.
The Power Lead System gives you the tools you need for any online business. It's generic and it's $29/month. You get an autoresponder for 20,000 subscribers, capture page and sales page making software (unlimited), training on how to market online and offline, and a few other things but those are the main ones. If you want to be an affiliate, then it's another $24.95/month and that will give you $20/month residual on the members you bring in, with the exception of a couple passups.
Anyway, they recently added Social Profit Academy to the backoffice of PLS for members to purchase, or to promote.
In 10 SPA modules, they teach how to make fast money on Facebook with a budget of $5/day. More specifically, it shows you how to find high paying affiliate offers, how to connect those offers with targeted niche groups inside Facebook, how to track campaigns, create simple fan pages, and basically how to make quick affiliate commissions by connecting your product with a targeted FB niche.
The course costs $497 one time, and pays out $400 commissions plus $25 overrides.
But to be honest, the course itself if full of value and I have learned so much inside it that I feel it's worth the cost even without the commissions.
I joined Power Lead System last year, and bought Social Profit Academy last week. I made $825 in my first few days, on top on my other programs that I promote using the Power Lead System.
For a generic marketing system that you can use to promote whatever you want, it's a pretty sweet second income stream and packed with value.