How do I Create Multiple Income Streams?

[Chrisjan B]

You have such a way with words, Dave.

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[HinvestA]

This is great. Finally some constructive input – thanks Tim and Dave. Before I carry on I’d like to remind you of the title of this post “How do I create multiple income steams”.
Let us forget about me and my members making money for now and let us talk business concepts and multiple income streams (OK, I know you can say what you want)

1. Overwhelming – I agree, but since I launched in Feb 2012 only one person unsubscribed and I guess he needed some free products.

2. When a member signs up he starts receiving his weekly newsletter and also my personal welcome (a day later – explaining in both the basics of the business).

3. @Tim - Although I don’t agree with the 30 seconds Tim (I guess it depends on what you want to hear in 30 seconds hey?). I’d like to give visitors a short summary on the home page. Let us say I put more emphasis on the fact that this is a team building website. Gather like-minded people (would be or existing online business people). They join and use the information inside to decide what they want to do or to improve their existing business. I quote the intro and summary from the business concept (30 seconds):

Start Quote
HinvestA has adopted a business concept based on an element of cooperative marketing (nice word for teamwork) with multiple income streams where the one income stream complements the other. We are ready to help new comers and welcome professionals to the Home Business Industry.

In Summary:

Home Based Business >> website + affiliate products + advertising = money.

List Building >> TrafficWave + subscription form to your website + auto-responder emails + sales + referrals = money.

Home Business Tools >> STIFORP + advertising + referrals = money.

Live Life Living >> DreamtripsLife + advertising + referrals = lifestyle of your choice + travel + money.
End quote.

4. @Dave – I’ll discuss your reply per paragraph.

a. Affiliate Marketing. I agree with you on this. The exception to me is when you pay for a product or service on a monthly basis. I specifically refer to products and services that you actually use like an auto-responder service (a must for any business) or “tools” needed for an online business like websites, lead capture pages, video presentations, etc. The member becomes an affiliate and is compensated for referring others to the company concerned.

b. Information products. The products in the front-end of the website are advertised at suggested retail prices. To me it is more window dressing than anything else as no one buys it. The products I do sell however are at very low cost in the members’ area and also part of my personal marketing effort to cover costs (at least it was initially). I have bought and received stacks of these and are now able to provide content of value (instructional and relevant).

c. The opportunity to build free websites is actual sites that the members build themselves. They receive step by step instructions via email (this also helps with list building). This is ideal to give a newbie some background on websites and start with affiliate marketing (which is not so easy – I admit). Some members use the free opportunity to build a pilot site for their intended business. This is what I did before building my main site – starting of as a total newbie myself (2 years ago).

d. As far as tools is concerned, I found a company providing tools and training that can be used for any business online. Again this is in demand (like auto-responders), the compensation is good and the company grows constantly in membership.

Thanks for the comments Dave.

Lastly: I wouldn't have replied to the comments if I wanted to sell you. So far and especially in the international arena I've only received complements apart from “overwhelming”. My question thus, to internet marketers, is; if you were a partner in this team building website or business, what would your recommendations be? Can you learn something from this business? Can you teach something having seen it? I don’t believe in “mudslinging” as I like my hands clean I have the skin of a rhino and a heart of gold

[Dave A]

I don’t believe in “mudslinging”

Me neither. I've had my say for now.

[nipole]

This was too much text for me to read. I'm more into making money instead of reading about it.

[Upstairs]

Unless you are some hotshot playing it big on the stock market, making money means doing the calls and getting your hands dirty. That is what I learned as a salesman.

[HinvestA]

@Upstairs - You are so right. There is no such thing as "get rich quick" on the Internet. Business on the Internet is pure and simply Business and should be run like a Business. It takes time and hard work. But, when one goes through it personally and from starting with nothing you find easier and more profitable ways to conduct business. The easiest way to get started is to follow someone like this. If though, you have a vision, the burning desire to fulfil that vision, faith also in yourself and are prepared to take action there is nothing stopping you from being successful. Combine that with perseverance and patients and you have a winner's recipe. Just like in any other business - it is work - but it is also a great way to earn extra income and to be prepared for that insufficient retirement cheques. I have a way for people to find out more without any follow up if they are not interested. I mean what I say in this video - that is if I'm permitted Dave :-) - http://HinvestA.MySpecialWebsite.com