How To Use The Internet To Create Multiple Income Streams
In the past a person would have found it hard to create several income streams. In present day the use of the Internet makes it possible to create multiple streams of income and repeat the process as many time as want. Here is one anyone can start several income streams using the Internet and network marketing. If you are familiar with network marketing you may know it better as multi level marketing or just plain mlm. If you had a bad experience in the past with an mlm business of your own you need to keep an open mind about this. The Internet has changed everything about network marketing.
It is still about networking with people, but now you can do it quickly all over the world. You can build a downline of thousands of distributors in a very short period of time to day thanks to the Internet. It all comes down to getting traffic to a website and follow-up which can easily be done via email In the old days you could only get one income stream from one mlm company. That was done trying to recruit and train your downline. It as a hard thing to do and 95% or the people who started will quit.
Not so today. The success rate is much higher and you can create multiple income streams from several different companies at one time. You can even join mlm companies that compliment each other and build a business with several of them at one time. This is proving to be a very fast way to start several income streams and grow them into a very large residual income. There used to be a term called a virtual millionaire. This was a person who made $5k a month and was debt free. If you had $1 Million Dollars in the bank drawing 6% interest per year that would earn you $60K a year. If you divided that by 12 you will come up with $5k. The problem is most people cannot save $1 Million Dollars. So what you have to do is create an income stream of $5k a month or more whether you work or not.
If you have no debt you could live like a millionaire. This is what multiple income streams from the Internet and network marketing can do for you. They can allow you to live like a millionaire without actual being one. The key is to put the effort in now and enjoy the rewards in a very short period of time later. Summary: In the past a person would have found it hard to create several income streams. Here is one way anyone can start several income streams using the Internet and network marketing.