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Sunday, December 28, 2008

How To Make Money Online -Why Multiple Streams Of Income May Mean Multiple Streams Of Debt

Hello again from kalamazoo! Have you notice that one of the strategies of making money online is to promote multiple streams of income? When you first look at this proposition, it seems that if you have more then one business or affiliate program, you have multiple options of one of the programs making money for you.

Well lets look a little closer. Most affiliate and all MLM programs require you to pay to play, some money to participate in the MLM business. In my example, let us use say 5 low cost mlm programs. Each of these programs cost a one time cost of $40 to join and $10 per month for your monthly membership or product. Thats 5 X $50= $250 up front and you haven't made a dime.

The on going costs for these 5 programs is $10 per month or $50 per month just to carry the 5 mlm programs. You now have 5 multiple streams of debt because you have not made 1 cent. When you have 5 mlm businesses, you can only devote 20% of your time to each of them so your effectiveness for marketing one program is only 20%.

Now if each of these programs is a 2x15 matrix and you have to sponsor at least 2 people on your front line to make any money. This means you need to sponsor 10 people to qualify for you to get a commission. The network marketing industry average is that the average network marketer only sponsors 1.7 people period.

What started out to be insurance by having multiple streams of income really has become multiple streams of debt. You don't have to struggle and slave looking for marketing system to make money online. Use your network marketing smarts and visit: http://www.networkmarketingsmarts.com

james b byrd
1-269-290-3263

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