Could multiple income streams bring you financial independence?

Multiple Income Streams
Live Your Dreams!

 

 

 

 

 

Could multiple income streams bring you financial independence?

 

First let me explain what I mean by multiple income streams. Let’s say that you are employed and for example that your employer pays you weekly with a pay check of $700 take home pay. This would be your first income stream. Now suppose that with your spare time someone could show you how you could develop three more extra streams of income over time and that you get paid twice each month for each of those income streams. Over time, these three extra income streams have the potential to grow. On the other hand, your employer is under extreme government regulation and pressures and may have to cut your work week to less than 30 hours or to lay you off in order to get his number of employees under 50 to avoid health care cost penalties. So the bottom line is that your $700 weekly net income is at some risk where if you had three extra income streams you have the opportunity of growing them, and under a worst case scenario, you could fall back on those extra streams to help you pay for your basic needs. Who knows, you may be able to develop your extra income streams to exceed that of your employment income. How great would that be? What could you do then? Personally, I call it the first major step in achieving financial independence!

Or you could be totally without any income right now and need to get started earning money fast…in that case you need to call me as soon as you finish reading this…

Diversification of Income
Multiple Income Streams

Let’s say the first of these three extra income streams is that of representing a product or service that many people need and want and some of those that you tell about it elect to buy the product and you can within a reasonable time make an average of $500 per month. The second income stream is also that of representing another related product or service that many people need and want and some of those that you tell about it elect to buy the product and you can make on average $400 per month.  This is the same approach as the first extra income stream.

Income Streams
Diversification of Income

Now for the third income stream you decide that you want to create a 24/7 internet business that works for you while you are away. Let’s say that this third income stream provides you with an Attraction  Marketing system that shows you how to construct a Blog on which you could build a presence, develop a following, and offer something of value to customers that shares your unique knowledge and expertise.  Let’s say after six months you are realizing an income of some $1,500 per month from the results of your marketing plan and your Blog and related marketing efforts. Of course six months is a just a beginning and opens up more doors of opportunity. What you have accomplished is an extremely important strategy that is used in the investment of money to protect it and make it grow…something called “diversification”…in this case of your incomes. Diversification is very strategic and important.

The More The Better!
How Many Is Enough?

Overall, this is a proven, successful strategy for you to achieve financial independence… by developing multiple income streams. Personally, I have developed an identical plan and currently enjoy the benefits of multiple income streams. The challenge to you is that you must decide that you want to do this…results do not happen overnight…you are beginning your own business…no one can tell you how long it will take for you to generate good income streams. The best option that you have is to decide to get started and be committed to  your success…along with the commitment to learn.

Do you have any desire to develop financial independence?  If so please email me on dannorris42@gmail.com or call me on 407-749-9395.

I very much look forward to talking with you.

Dan Norris

Small Business Consultant

Author

 

Law of Attraction – Build It and They Will Come!

Today’s topic is about a “Marketing System” built on the principles of the “Law of Attraction”.

Law of Attraction
Attraction Marketing

There are two key examples of the “Law of Attraction” that I like to point to in order to give the reader a point of reference for my information.

The first example is the movie called Field of Dreams, a 1989 American fantasy-drama film, that received three Academy Award Nominations. The story is about building a baseball stadium in the middle of a farm field.  The second example is The Law of Attraction. A book and movie are available on the topic and you can watch the full length video on YouTube.

As an avid student and practitioner of many marketing approaches the concept of Attraction Marketing, Relationship Marketing, Article and Video Marketing are all  very appealing to me as compared to harassment Marketing, Interruption Marketing, Warm List Marketing, Direct Mail Marketing, Telephone Marketing, Shotgun Marketing, Ambush Marketing, Article Marketing,  Alliance Marketing, TV and Radio Marketing and on and on with many more types that are many times so boring and redundant. I find myself watching three or more programs on the TV just to avoid the commercial breaks on my primary program.

Marketing Concepts
Law of Attraction

To cite my preferences, tv commercials, cold calls, radio commercials, and calling on your warm market including your family and friends, are absolutely not my most enjoyable ways to invest time…at least for me.  And in our buying process most of us prefer to deal with a company and people that we know or that we can develop confidence in very rapidly. This approach is called “Relationship Marketing” and known to be the most effective marketing method currently in use. Now if this is the best possible marketing method how do we implement this concept to appeal to the millions of internet users that we do not know? Here is where the appeals of “Attraction Marketing” kick in. As human beings we have an insatiable desire for knowledge, and the internet provides us with an incredibly wonderful tool to share information. The concept of a marketer generating “content” that people are interested in reading… about goods and services that people want and need…and then providing goods and services of value to these readers is a basic description of “Attraction Marketing.”

If “Attraction Marketing” is of interest to you I suggest that you read the following free document authored by the leader and teacher of more than 350,000 people on this subject, Ann Sieg.  With her partner Ty Tribble, leading U.S. blogger, I am enjoying immensely learning about the art and science of prospective customers finding what they want.

Law of Attraction
Attraction Marketer’s Manifesto

Under the Attraction Marketing tab on my blog pages, you will find many posts on this subject. And I would welcome the opportunity to chat with you about them.

Dan Norris

Small Business Consultant

Author