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- Reports - Why I Love Multiple
Streams Of Income
by John Colanzi
I love multiple streams of income.
Especially when it's residual income.
Once you've built your opt in list and
have started driving traffic to your
site, it's as easy to diversify your
promotions, as it is to promote a single
product or service.
It doesn't matter how good your main
program is, not everyone will be
interested. By adding extra income
streams, you've got the chance to pick up
a few extra sales.
When adding programs, you'll find some
have better payouts than others. That's
to be expected.
But even a program that doesn't pay as
well as your main offer is added income
you would normally miss out on.
I remember a seminar I once attended
where the speaker was talking about
money. He started lining up bills on the
table.
He positioned a one dollar bill, a five
dollar bill, and continued adding each
type of bill until he eventually added a
one hundred dollar bill.
He arranged on the bills in a row and
them turned to us and asked, "Given
your choice, what would you take as
payment."
This seemed like a no brainer and
everyone answered, the hundred dollar
bill.
The speaker smiled, scooped his hand
across the table and grabbed them all. He
smiled and said, "I'll take them
all."
He next asked, "Why would you leave
money on the table?"
Marketers do that all the time. They
leave money on the table, because it may
not sound like much at the time.
Everybody is so interested in grabbing
that one hundred dollar bill, they leave
money scattered all over the net.
Think about it.
I have some programs that only pay me
$100 a month, but it's steady each and
every month. It's an extra $1200 a year
for simply adding a link to my new
subscriber welcome message.
Add that to the programs paying $200,
$300 and up and we're talking thousands
of dollars for doing nothing extra.
Go to your bank and buy some cd's. See
how much you'd have to invest to get $100
a month.
Even better yet, find out how much you'd
have to invest in the stock market to get
$100 a month in dividend checks.
On the other hand, you can get that same
$100 just for adding a simple link in
your emails or on your website.
The best part of it all is you don't have
to take any cash out of your pocket to do
it.
Start grabbing those multiple income
streams and stop leaving money on the
table.
Let the other guy or gal send out those
canned emails saying they're making
$10,000 a month from that new fangled,
whiz bang program.
I'll let you in on a secret. Most of them
haven't made a dime.
Wishing You Success,
John Colanzi
http://www.thesimplesystem.net
Copyright (c)
2003 John Colanzi.
John Colanzi has shown hundreds
of webmasters how to join the
ranks of the successful. Find out
why his latest eBook,
"Confessions Of An Ezine
Writer" has been called the
easiest, how to roadmap to Ezine
Writing success.
http://www.thesimplesystem.net/confessions.html
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