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Tuesday, March 2, 2010

Multiple Income Streams - Why?

We have been asked several times why we have so many varied opportunities on our website. As we have discussed before, the key to real wealth is to have multiple income streams. One income stream, especially in these times, will not bring you to real financial freedom. As we are discovering, painfully in some instances, is that one income stream is not necessarily the most stable income stream in the world.

How many people do you know that have been working diligently all their adult life, to only discover that they have been laid off or "down-sized"? We are seeing this phenomena more and more often as companies continue to tighten their belts. By having multiple income streams, you know that when one line of income starts slowing down, you have other streams that may be able to increase and essentially take up the slack. You may even become bored working on one way to earn money, and choose to move into another area of interest. That doesn't mean you need to give up your income from the first business, it just may mean you won't have as much money coming in from that area.

But again, the biggest reason for multiple income streams is to have the ability to seamlessly move from one to another when the economy changes. One of your product lines may have been a great seller for years, but it may be not be as popular today as it was. By having essentially more than one pole in the water, you have the opportunity to catch more fish. We have more than one pole in the water so that we can catch fish no matter what is going on. We just re-align our emphasis when one income stream begins to decline. I don't want to imply that we stop working an opportunity, unless that particular product line is no longer viable, it is worthwhile to keep that line going, just to shift your emphasis to something that may be more profitable, now. It is almost a given, that when one opportunity does not bring in as much income now, it will down the road, when the social climate changes again. We keep multiple opportunities available to keep up with the ebb and flow of social thoughts and ideas.

If you look at the various opportunities we have to offer, we have something for almost everyone. We offer waterless cleaning technology for people who really want their vehicles to look great and help keep the environment healthy. We also offer a few different nutritional products to keep you healthy. Without your health, you won't be able to clean your car, or for that matter, you won't even be able to go out and get your vehicle dirty. The two nutritional products we carry take care of the body in two stages. STEMTech products work with Stem Cell Nutrition, where it allows your body to use it's own adult stem cells to renew itself. MonaVie products help keep your existing cells healthy. We also offer Pre-Paid Legal services because you can never be too safe. How many times did you realise after the fact that it would have been really great to have the advice of an attorney BEFORE you signed on the dotted line? We personally use Pre-Paid Legal and it has kept us out of a boat-load of trouble.

So, you can see that the multiple streams of income we offer on our website can all work together, without really competing against each other. This way, if someone is more concerned about their health, we can direct them one way, if they are concerned about the environment and clean vehicles, we point them another direction, etc... This is a great way to recession proof your business.

Until tomorrow...

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