Multiple Streams of Income:
"Should I Be in More Than One Network Marketing Company"?

This is a question that was posed to me by a newsletter subscriber.  Frankly it's a very common question and one that I have wrestled with for some time.  I figured since it was such a universal topic that perhaps you'd be interested in my opinion on the matter.

So...should you be in more than one MLM company at a time?

My answer is yes...and no.

Okay, before you accuse me of being some kind of "flip-flopper" on this issue, let me explain.

Many gurus in the world of business and entreprenuership have stressed the importance of building multiple streams of income.  This is a great idea because as you know the business world is very fickle.  There are uptrends and downtrends in any business cycle.  Having multiple streams of income creates a buffer or safety zone around you to protect against unforseen tragedies.

A few years ago there was an MLM company named Excel Communications.  They were in business for many years and produced substantial livlihoods for many of their distributors.

Then one day, without much warning, Excel changed it's business model from multi-level marketing to direct sales.  The company, in effect, fired the sales force that had built the business.  Many people lost their only source of income.

Having multiple streams of income can protect you from this type of disaster.

Multiple Streams of Income is Misunderstood

Although I endorse having more than one source of income I believe that this concept has been misunderstood by most network marketers.  This misunderstanding has led many well intentioned and hard working people to lackluster results and bitter failure.

The problem is that if you diversify your MLM portfolio too soon you will never establish one stable stream of income, let alone multiple streams.

You need to be successful in at least one MLM opportunity before you seek to establish the next, and then the next, and so on...

I've talked to hundreds of network marketers who seek the Dream Team's education and training course and when I ask what company they're in they give me a laundry list of many companies that they're trying to succeed in at the same time.

This is not the way to grow a successful enterprise.  No wonder they're failing.  If you're doing this...you've got to stop it now!

My advice is to pick one company.  Grow that company to a point where you're earning at least enough to meet your monthly living expenses in residual income.  When that happens it's time to diversify.  Go pick another MLM opportunity. 

By the way, there are other ways to make money from home besides network marketing.  If you're good on the Internet you could build a site that sells products, an ebook, etc...

Or, you can take the extra income you're earning from your MLM business and invest in real estate.

The point is that you need to build your multiple streams of income in a way that insures your success not in a way that prevents it.

I hope this information has helped.  For questions or comments contact me here.

Until the next time we meet...

To YOUR success,

Jeff