Tag Archives: passive income

Multiple income streams – Don’t put your Eggs in one basket ~ Part 1

Be aware … This is a Biggy content wise, Divine Download that just fell out of me unexpectedly but proof that I am on the right track with my new Venture because I haven’t written like this for ages so I must be tuned in, turned on, tapped in etc as Abraham Hicks would say and hopefully it will help someone.


I now thankfully have after writing out my “Bob Proctor” inspired Goal Card (see previous posts) where I really first learnt about Multiple Income Streams from his “Born Rich” videos and book a Bricks and Mortar business, an accompanying Facebook business page and an Etsy site. I also am building an Online Coaching Business based around The Law of Attraction now that I am a certified Advanced Law of Attraction Practitioner and Training as a Life and Mindset Coach. I have recently created an Email list and YouTube Channel related to this and I have a 1-1 Coach/Mentor and part of several Mentorship Programs where I am learning the most up to date methods amongst other things in Network Marketing and Online Business as I am connected to a Network Marketing Company and just joined another and want to keep my ideas and methods Fresh and I am sure there is something I missed but Hey Ho …. Oh Yeah I have two part written books and I am intending to finish ASAP ~ I don’t say this to impress. 


I say it to inspire because I started appreciating The Law of Attraction several years ago but this part only started since writing the goal card in 2016 so I suggest always have Fearless Faith in the so called absence of something that it is on its way.


People come to me in my Shop and tell me how much they Love the shop, how lucky I am. How they wished they could do what they love and most of them think it is an all or nothing situation. All Job or All business kinda thang and I say Sister, or Brother and then the pen comes out and the Paper and I say you need to go on YouTube and you need to check out Marie Forleo and Marie TV. Marie started her business at 23 when she realised what she had just studied for what wasn’t Rocking her world but she was a Savvy Sister and she knew it wouldn’t happen over night so she worked several jobs bringing in an income to cover her bills and allow her time to work on her business and with her clients. She waited on tables, did bar work. Taught hip hop dance classes. It’s not an all or nothing scenario. You don’t have to leave your Job right away you can build up gradually.

 
All my life I have hated the thought of being boxed in to one thing and looking back this has been evident in the choices I made like my choice of Degree course bless it, because looking back it never taught anything I didn’t already have in me but I chose a course where I didn’t have to be tied down to one discipline or medium and I would shout at the Telly when I saw people who were in a Soap Opera getting slated for branching out in a singing career or someone with a singing career getting grief for bringing out a Perfume. Who do they think they are? Stick to singing, acting etc and I was shouting “Who said they have to stick to one thing?”


Honestly I witnessed this but thankfully now it is the norm for celebrities etc to have more than one business venture. Like my Girl Marie. It is just straight up Savvy to have multiple income streams but unfortunately there are still people who cannot think out of the box as I witnessed this last week.

 
I have been dabbling with the idea of venturing in to another Network Marketing Company and having another income stream for a while and I have been googling and researching certain opportunities and I have had people reach out to me but nothing had caught my eye product wise or the product was right but the Compensation plan didn’t resonate and randomly during a car journey a thought popped into my head about my desired outcome for my lifestyle further down the line and how I love the Network Marketing industry. The people they are my kinda crew. In to personal development, more and more I am seeing The Law of Attraction. Seriously understand the importance of mindset, reading etc. Low cost business start up opportunity but huge potential for growth. Unlimited income. No gender pay gap and actually women are Rocking it over men and many many more reasons but my Company was product based and I want eventually to travel more an be fully location free and as I buy in and sell a certain amount of product and my Bricks and Mortar is product based I am not moving towards that much at this present moment.

 
As I said it was a random thought. It popped up in my head and it was gone as quick as it came. It was just like a “Hello, this is what you want. You not there yet. Just saying, buy!”


I can see now the Universe was conspiring 


It had already been a weird kinda day. My Up line left shortly after I joined NWM and then my next Up Line left but for personal reasons.

I can see now that people can get sold the “bright shiny penny’ syndrome and they don’t see or treat it like a traditional business so if they don’t make a million pounds in a matter of weeks they say this is not working. I can’t do this (affirmations) and then they are off so I pretty much decided inspired by Eric Worre’s book GoPro to go it alone so I was surprised when someone I had known through Facebook for ages tells me they are my Up Line and adds me in to a group .


The next day a random set of events happened (but there are no coincidences – another post you will find on here) and the perfect opportunity came to my attention that is service based. Not product based and it get’s even more perfect than that but I’ll save that for another occasion but proving if your relax and allow the Universe can bring you what you want and far better than you can ever imagine.


I decide to join (money back guarantee but I don’t think I will need it) when I had a huge sign because in between painting ducks 😉 and voice messaging the person with the opportunity to check things out and having massive excited butterflies in my belly my phone said 11:11 and without them knowing I had seen it they messaged me to saying “OMG have you seen it is 11:11?” ~ “Yeah, it’s a massive sign. I’m in”


I was so excited about the perfection of what had just happened over the last couple days as the dust settled I started to think about my other NWM business. I know eventually I want location freedom but am I ready to give up the product based Company?

I listened to my gut and decided No. I love the products. I use them myself everyday. I don’t want to cut my nose off to spite my face. I have still a lot to build yet before location freedom is an option but it will be just nice to know that I can take more time off and travel more as I keep building and trust I will know when the time is right.


It hadn’t for a second occurred to me it would be an issue with anyone else (perhaps hands up naively) or to be in two Companies.

This purely suited where I saw my plans for my personal future going and I think it is sensible to have more than one income stream because realistically there are always going to be quiet times in one area or another and it is less stressful when you don’t rely on one sole source for your money to pay your bills when you are an entrepreneur. 


After all, as great as Network Marketing is and I don’t see it happening to my Companies because of their products and service I have heard stories of people building teams and like traditional Companies theirs going bust and they have lost there business and income overnight.


I have also heard people talking about their multiple streams of income but I know all they are talking about is the different parts to their Compensation plan within their Company and it doesn’t matter how many streams there are within that Comp Plan if the business goes bust so does every one of those streams .


To me Entrepreneurship and NWM is amazing and is the future as more and more companies go bust and more things go online but obviously it is not without risk so why not diversify a little 😉 .

Note: I suggest you watch Eric Worre’s amazing documentary “Rise of the Entrepreneur ” easily found online


However I was a little surprised and taken back when out of courtesy I messaged my newly acquired Up Line to say “I am not leaving the Company but I just wanted to let you know I have joined another opportunity and they said they would have to speak to someone as they don’t like people in the group who do more than one thing”

Like I admitted Naive but as I had no ulterior motive like cross recruiting (didn’t even cross my mind) I was shocked when I saw their response and later that day I saw a notification I had been removed (from the group, not company).


No problem. I had been running my business solely on my own for months. No great loss but it did make me think how many other people in Network Marketing etc think they have multiple streams of income and what they actually have is multiple streams under one umbrella so in effect just one and how do other people perceive multiple streams of income and how I perceive them. 


My perception I put down to thankfully to the great Teachings of Bob Proctor, Jim Rohn and Marie Forleo and it is probably because I am reading Marie’s new book “Everything is Figureoutable” and recent events that has posed this question 


See Multiple Income Streams part two to see my example of what I perceive MIS’s to be    ………………..

PS: Before you go … If you want to get the Juicy first or Juicy I don’t share anywhere else why not join my Exclusive LOALover’s email list at alisonkparsons@lawofattractionlover.com


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