Multiple income streams are key
People often ask me what my biggest money makers online are (at the time of writing - it’s topbux a PTC (paid to click) site). The key to making a large amount of money online isn’t having one dominant program though - it’s all about diversifying.
I was talking to a buddy of mine last week and he was devastated because a program he was making upwards of $500 a month in went tits up and his biggest income stream was gone. I asked him what his next biggest stream was - $50 a month he replied.
It’s craziness to put all of your eggs in one basket like that - not only is it crazy but it’s also extremely inefficient. A lot of the people in his downline were friends he had referred from real life or that he knew well online. Finding people you know who are interested and willing in making money online is a gold mine - once you get them onto a good program they are hooked. If they were interested in program A and they made money through it (they obviously did make money, or else he wouldn’t be pulling $500 a month from it) then they would be interested in programs B-Z too.
After a bit of chatter he asked me what program he should get his contacts into next. My advice to him is as follows - find 10-15 programs that you like and can reach the payout level fairly quickly (within two months) then build a simple landing page* for each program then let your friends and family about each and everyone. Apologize for the other program going tits up and explain that it’s part of making money online and that this time they won’t be stuck in the same trap because they will have several programs on the go at once.
*When I say simple - I mean simple. Include a few screen shots and an easy to follow explanation of how it works and more importantly what you get paid for. Don’t highlight text, make it a different color or any of that other crap. Marketing to your friends and family is a lot different from strangers.
I’ll keep you updated with how my friend goes, I’d be surprised if he isn’t making $500+ by the end of next month.
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WarriorBlog
Of course multiple source of income is the key but attaining it is a lot more difficult that you think - it is about leverage.