Why You Need To Start Generating Multiple Streams Of Income Leveraging The Internet

multiple streams of income

Creating multiple streams of income is becoming a necessity.

One day i had a vision, or you could call it a mind shift.
I already had a nice well paying job, but i felt i could do more.

So i started my own small company back in 2007 and opened a webshop.
I was selling collectible figurines, you know , like the smurfs and other cartoons.
So now i was making some extra money, how cool was that.

sources of passive income

3 months later, i opened another webshop.
Totally different product this time. I was and still am a gadgets freak.
I started selling gadgets / toys / gifts.

Today i run 12 webshops with easy , it takes me about 1-2 hours a day,
to process all orders, ship them, invoice them. That’s it.

Btw, if you want to check out my webshops , please do so, but keep in mind,
i only deliver inside of Europe and while most webshops are also available in english,
my webshop overview is in dutch.

It was my first step to create multiple streams of income online

That’s right, without even thinking about it, i created a second income stream.
It took me a couple of years to see what i was actually doing.
Back in 2012, i had my mind shift. I found out why i needed this second income.

It was a crucial step to financially protect myself and my family just in case
my main source of income should disappear.
What if i got fired ! What if i would loose my job and my primary source of income ?

That’s when it hit me. I was diversifying my sources of income.
So i began searching for other multiple streams of income ideas.

Do you still rely on only 1 income ?

If you are like most people, you only have 1 income,
it could be your working for an company and have a wage,
or you already stepped up the ladder and you have your own company.

Both are great, but they also have one thing in common,
you have an income as long as you work for your income.

If that income should disappear for some reason ( getting fired, your company goes bankcrupt, .. )
Then my friend, you have got a big problem, you don’t have any income.

passive income streams

You should be diversifying your income streams.

Most people don’t think about their future too much, those are problems for later..
Wrong !
By now you should already realize that you have to build your future starting TODAY !
I want you to SHIFT YOUR MINDSET now !

Let me tell you what your life looks like, correct me if i am wrong:

Go to school – Get a job – Work your whole life – Retire at 65.

Now let me tell you a little story/quote i have read in one of Tony Robbins’ books.
Stick with me guys and don’t crawl on me if i don’t tell it the right way,
because it has been a while since i have read the book.

Check out my cool picture 🙂

best passive income streams

It used to be easy. You went to school, got a job, worked your whole life and retire.
Do you know what retirement means ? A promise you would get a neverending income as long as you lived.
This used to work for our parents and grandparents.

By now, you should realize , you can’t rely on your retirement plan.
Retirement plans were invented when the average life expectancy was 62. And you could retire when you turned 65

Only a small percenage would benefit from their retirement plan.
Also , when they invented the retirement plan, there were like 40 working people for 1 person on retirement.
In 2010 this turned to 2,9 working people for 1 on retirement and by now the average life expectancy it up to 80 years !
Right now, you could live to be over 100 years old.

Now, do you see what’s the problem ? How long is this going to last ?
Think about it ?
Do you still believe you are going to benefit from your retirement plan ?
Maybe, but how much is 1 divided by 2 ? Yes, half a retirement plan.
And what will that be worth in 20-30-40 years if you are still alive ?

MindBlowing stuff guys
If you ever want to read the book, you can get it at a discount here at amazon

multiple streams of internet income

If you live in the USA , you should definitely read his book : Money – Master the Game.
It will change your life ! Trust me

If you live outside America , you also want to read the book.
You may not apply all the things he talks about, but it will be a life changer, believe me

Heck, just buy the book and you are feeding 10 people…
Yeah, all the profits he makes selling the book, he is giving it to charity.
Ok, i need to stop talking about how this guy changed my life and do a blogpost about him.

My multiple streams of internet income

Let’s get back to my story , you’ve read how i created an additional income stream by starting an e-commerce business
and how that changed my point of view.
So i went online searching for passive income opportunities..

What i found out , according to the internet, there are millions passive income ideas websites
out there that promise you the passive income you always dreamed of.

If you were on a journey , just like me , you will know that 99,99% of these programs will never
make you rich or provide you with real sources of passive income.
You know the type of programs i’m talking about : paid to click , matrix, cyclers , bitcoin programs, ..

I soon found out, this wasn’t what i was looking for, so i tried another approach.

I started connecting to like minded people, people who already were in the
online money making business and see how they were making money on internet.

Now here’s the interesting part,
99,99% of them were in the same 99,99 % of those get rich quick programs,
and they didn’t make a lot of money.
In fact, 99,99% never made over $100 / month.

 

In my search for the best passive income streams i found the 0,01%

The most important lesson i’ve learned in my business, is you just got the keep searching,
keep going till you find a solution. And i did.

I met a guy who told me about a local investment group, and things started rolling.
As i joined this group of investors, a whole new world opened up to me.
Not only were these guys investing in stocks ,
but they also introduced me into a whole bunch of other types of investments.

That was the beginning of my journey to diversifying my income streams.

Now i have multiple paychecks coming from my primary business e-commerce,
my stock investments, my real-estate investments,
my network marketing business, my direct sales,
heck, i even make money driving traffic to my business.

If you add up all these income streams, i have more then doubled my old income as employee.
So now, i have a more stable income stream from different sources.
If one of my income streams should suddenly disappear, i don’t have to worry about loosing sleep over it.
Because money is still rolling in.

 

The importance of passive income streams

Having independent sources of income is great, it’s a must have, but having passive income streams is even better.
You can set up lots of different ways to earn money, but as long as you have to trade your time
for money, your income will stop when you stop working for it.

And that’s why it is so important you should try to transform your income streams to
passive income streams.

My exit strategy is simple, transform as many of my current income streams into passive income streams online.

==> ADD YOUR FIRST ADDITIONAL INCOME STREAM HERE <==

Please comment below if this blogpost inspired you or at least got your head spinning..


Thimo Pro

Online Marketing , Brand Building & Leadgeneration Strategist for Online Business Owners

Helping Online Entrepreneurs Just Like You Build A Profitable Home Based Business By Leveraging Online Marketing Tools

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Readers Comments (1)

  1. Yes, we also preach multiple streams of income.

    One additional item that we recommend to entrepreneurs that we coach is to make sure those multiple streams are in different areas. The benefit of multiple streams is diversification and risk reduction. You don’t want all your streams to be impacted if something happens.

    For us, have a real estate investing business, a retail wine and liquor store, own various websites, coach entrepreneurs and sell online training courses for entrepreneurs.

    This diversification protects us if any signal source goes down.

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