Sunday, February 24, 2013

Are you earning multiple streams of income yet?

We've been talking lately about the RIGHT kind of affiliate programs and the WRONG kind of affiliate programs
Let's shift our focus today to the NUMBER of affiliate programs you promote. This is also a very important consideration.

The fact is that there are many people who are a member of TOO FEW affiliate programs and there are many people who are
a member of TOO MANY. There are only a handful of people who have found the magic "sweet spot" right in the middle and
those are the happy people who are making the most money.

Why is TOO FEW affiliate programs a problem?

Joining too few affiliate programs is a problem for 3 MAJOR reasons:

#1. The bottom line is that you absolutely, positively MUST start earning multiple streams of income. One income stream, even 2 is not enough in today's world. If you are only relying on you job as your main source of income right now, you're a sitting duck for a financial disaster. If you lose your job or your health, God forbid, you could be in big trouble financially. Most people are just one paycheck away from bankruptcy.

Affiliate marketing is the same way. If you're relying on just one or two affiliate programs to pull in the bulk of your income, you're extremely vulnerable. Even if you've built up a big residual income in a program, if it goes out of business so do you. You absolutely, positively MUST develop multiple streams of income to be secure in today's world.

#2. Joining only one or two affiliate program does not give you enough experience to compare strengths and weaknesses of
different programs. It leaves you being unaware of different possibilities and that's very dangerous to your financial health.

#3. There's is a saying that "If all you have is a hammer, every problem looks like a nail." If you only have one or two different products or programs to promote, that's not enough to solve the many different problems people will be coming to you for. You need to have a variety of tools in your affiliate toolbox so you can pull out the right one at the right time for the right person. If you don't, you'll be leaving money on the table. It's that simple.

Next: Why is TOO MANY affiliate programs a problem?

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