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The best way to build multiple streams of income on the Internet is not to start trying to build multiple potential online income streams, but to start with just one online business programme and to build up from there.
The reason for this is that the vast majority of newbie Internet marketers find it difficult enough to make a profit promoting just one online business programme, so to take on multiple programs from the start really makes no sense at all. For a start, promoting just one online business programme to the point where you are covering your expenses and pulling in a profit on top takes time, effort, and money.
Even if you promote all your programs in a single business package, you will still find that it is an expensive process to successfully market your business. For example, if you make it a condition that prospects must join every single program in your business, then you will find it much more difficult to recruit paying affiliates. On the other hand, if you allow your potential affiliates to pick and choose from among your several businesses, you will be diluting your efforts as one chooses one program and another chooses another.
What usually results from this is that the newbie market spends far too much money promoting too many businesses and chasing too few prospects. Starting with multiple programmes usually ends in business collapse and empty pockets.
So what should you do if you still hope to generate multiple streams of income from your Internet business?
Don’t despair! There is a much better way to build multiple streams of income on the Internet. Here it is:
It makes much more sense to become an expert promoter of just Internet business programme at the beginning of your online career. It will cost you less money and you will be able to focus much more intensely on learning everything you can about that business. It will be much easier to become an expert and also to duplicate your efforts by teaching your team members everything you have learned.
I want to emphasise that the key is to building multiple streams of income is to become an expert in your online business programme and to train everybody who joins your team.
As you become more successful at promoting your business, you will inevitably come to rely on a range of useful promotional tools and Internet business services such as web hosting, auto responders, graphic design agencies, article writing and distribution services, traffic exchanges, directory submitters, splash page makers, and so on.
Many of these products and services come with their own affiliate program. Whenever you find a product or service that helps you build your business, be sure to join the affiliate program.
Now, when you train your team members to duplicate your success in your primary business, you will want to introduce them to the tools that help you to succeed. Your team will appreciate that you are helping them to achieve success in their business and will therefore be much more likely to buy into the tools and services that help you to succeed.
This is a win-win situation for everybody involved. Your team will stand a much greater chance of succeeding if they follow your training instructions. As they buy into the services that you recommend, you will begin to build multiple streams of income. You will also be able to plough a percentage of your profit back into promoting your primary business.
This strategy will create a virtuous circle for you, your sponsor, your primary business, and all the other businesses whose products you recommend to your team members, and finally it will help your team to succeed and to build their