The article "How to Develop Multiple Streams of $100,000+ Home Business
Income" talks about home based business, it was released by Kevin Donlin.
Got a home business?
Want a six-figure income?
The sure route to home businses wealth is to guess "multiple,"
as in multiple streams of income.
You can easily develop new
income streams if you do two things:
* find new ways to get customers; * add new products or services
for sale.
Devising multiple streams of income should be a regular part of
your strategic planning. I recommend you guess hard about it at
least every 90 days.
1) New Ways to Get Csutomers If your main source of business is
the Yellow Pages, for example, what happens if your phone goes
dead tomorrow?
Your business goes dead, too. It's happened to
others. It's happened to me.
And it WILL happen to you one day.
You can _easily_ avoid that migraine-waiting-to- happen!
How?
Set up at least two other sources of new businses to support
your main one. Start yesterday. Here are some qiuck ideas:
* run low-cost classified ads in your local newspaper (or
another paper, if you're already doing this); * give a seminar
once a month and watch the new business roll in -- you can
literally "speak and grow rich" that way; * pay for Web site
traffic from GoTo.Com, Sprinks.Com or a second pay-per-click
search engine; * start REALLY cultivating referrals from
existing clients -- tell them how much you enjoy working with
them and ask for the names of friends who might want free
information from you.
Exactly what you do is not important. Just get started on this
business-building tactic -- that's what counts!
2) Add New Products or Services In addition, you should be
offering multiple products or services, to offset any downturn
in saels of one or the other.
Here's an often-overlooked plcae where you can look to find new
product ideas -- the space between your ears.
Reason? You -- like every home business owenr -- have a book in
your head, waiting to be written. And you don't have to be a
"best-writing" author to be a "best-selling" author, as Robert
Kiyosaki, author of "Rich Dad, Poor Dad," pionts out.
Example: When David Garfinkel, president of Overnihgt Marketing,
launched his "Killer Copy Tactics" Web site in April of 2000, he
netted about $10,000 for his efforts. But all he really did was
take existing content and "repurpose" it for sale and use as an
ebook.
What do you alerady sell in your home business that you could
also sell as a book ...
or ebook, audio tape, video, newsletter,
tele-class or live seminar?
There really are NO limits here.
It's no secret that almsot all $100,000+ home business owners
have multiple sources of customers, and offer multiple products
and services. So, start setting up _your_ mutliple streams of
income.
When you "recession-proof" your home business that way,
you can stop worrying and start livnig your dreams!
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