One of the biggest mistakes I used to make when I was growing my network marketing business was that I put all of my financial eggs in one basket. Meaning, I only focused on one income stream which was my company. This is what eventually bites every distributor who has ever lost their business due to their company’s failure to compete in the marketplace, thereby shutting their door’s. This is a reality for many network marketers. Online network marketing however, allows us to set up multiple income streams on autopilot. One of the best ways to set up an income stream is to become an affiliate marketer. In reality you are building an affiliate income through your company’s opportunity right now. You do not own that company and you never will. You are simply using that company’s opportunity as your vehicle to wealth creation. You will always be at the mercy of what your company does in the marketplace. So to strengthen your business you must diversify.
This is easy to do, especially online. There are literally thousands of companies that will let you become an affiliate for free. Now, if you are building your online network marketing business the right way then you are building your list and building relationships with other professionals. Many successful entrepreneurs online are also what I call infopreneurs. Meaning, they develop their own product and market it using affiliates. If you can partner with a mentor in your field and become an affiliate you have just set up an additional income stream. I have been doing this for years and it really has put a wall around my business. If my network marketing company were to close their doors tomorrow I know that through my affiliate programs and my list I can become a top producer in a new opportunity very fast. So if you are putting all of your financial eggs in one basket you’re really building your business on shaky ground. My advice to you is diversify!