Continued from page 1
If you are on a tight budget, don't worry about anything except your first company. Just promote it until you are breaking even. Use your favorite marketing method(s) to introduce people to your program. I'm not going to go into different marketing methods in this article, however I have addressed this subject in some of my other articles. You can read them at http://www.the-home-business-center.com/articles.php.
When you are at break even in your first program you need to do three things.
First is to continue to promote program. From here on out any new people will put you into profit, and you are on your way to building a residual income in that company.
Second, you need to work with people that you have sponsored. Let them know what you are doing to sponsor members. Answer questions they have, or pass questions on to your up line if necessary. Support your people to best of your ability. You cannot be truly successful without them also being successful. (Really, you should be doing this starting as soon as a new member joins.)
Third, start looking for your next company. It should meet same criteria as your first company. When you find it, go and join it. Then, add it to your marketing promotions. So now you are marketing two programs. It should be easier to start marketing this second program, as you will have more marketing experience then when you first started.
When you are at break even, start process over again. Keep doing it until you have five or six programs in which you are making money. By time you have fifth program working good you should be making a fair income on first programs.
Five or six programs are a good number to stop and stay with. At this point devote your time to supporting these programs and youre down line in them. Continue to study marketing. When you find something that works good pass it along to your down line.
You have now established several residual income streams. You did it with a fairly small investment. And is not hard to support various programs because you built up to where you are gradually. You did it all one bite at a time.
Albin Dittli is the owner of http://www.The-Home-Business-Center.com, where you can get free content and your very own money making website that is 100% ready to take orders and pull in massive profits for you immediately. You can subscribe to his free eBiz Marketing Tips ezine by sending an email to moneystrategies@listwarrior.com.