Another interview to inspire and motivate
 

Hi,

The 5th in the series 'Success Stories - 12 Doers Share Their Secrets' went online today. The subject is a very inspirational Australian gentleman by the name of Quentin Brown.

To read his story, please call in at
http://www.BizE-zine.com/interview-qb.htm

While I'm here, there are still a few spots left for interviews in this series. If you are making money online (it doesn't matter if you are making $100 or $10,000 a week, so long as you are in profit, and it doesn't matter what field you are in) please get in touch with me.

At the least it is free publicity!

This is a non-commercial message.

Best wishes,

Martin Avis.




Success Stories - 12 Doers Share Their Secrets. Interview #5: Quentin Brown

How Multiple Streams of Income can sometimes get you the JACKPOT
 

Hi Martin,

Interesting interview.

Multiple streams of income - it's one of the big "secrets" of survival !

Did you know that Jay Conrad Levinson, before he became Mr. "Guerrilla Marketing", himself survived on multiple streams of income?

Yes, in 1991 he wrote a book called "555 Ways To Earn Extra Money". (I think it's out of print but there are plenty of second-hand copies on www.abe.com ). This was written before Jay applied his successful formula - "555 ways to write a book with `Guerrilla Marketing' in the title!" ;) (I think it predates all those "Guerrilla Marketing" books....)

In the introductory parts of "555 Ways To Earn Extra Money", Jay explains that he, himself, lived on multiple streams of income!

What are multiple streams of income? It means you are doing several things which are bringing money in. For example, chatteling could be one stream. Writing and selling books could be another stream. Selling products as an affiliate through your own ezine could be a third stream. Looking for Finder's Fees could be a fourth. And so on!

There are PUH-LENTY of ways to make a stream of income - I've found plenty of real WORKING ideas from the writings of people like Gordon Alexander, Michael Ross, Don Alm, Jim Straw, Bill Myers, Jim Erskine, and so on....

If one stream dries up, you still have all those other streams helping to support you. And you never know - if one of those streams becomes VERY lucrative - then you are in the position to run with it!

Hey, if it's good enough for Jay, it's good enough for me.... Jay still has "multiple streams of income" today - "Guerrilla Marketing", "Guerrilla Advertising", "MASTERING Guerrilla Marketing", "Guerrilla Teleselling".... Hmmm... I guess this is more the example of Jay hitting on a VERY LUCRATIVE "stream" and sprinting with it (and undoubtedly making a mint in the process)!

There are some great lessons here.... :)

- Dien Rice

Re: How Multiple Streams of Income can sometimes get you the JACKPOT
 

Hi Dien,

Excellent post. I don't know why the whole multiple stream thing is still seen as a 'secret'. It makes perfect common sense. Yet, how many people actually practice it?

Only the very successful ones.

I guess the rest of us are programmed with the silly idea that we have to stick at one thing to succeed. Any deviation from that proscribed route is seen as prevarication - and is BAD!

Show me a mega successful person, anywhere, and I will show you someone with a finger in so many pies that they look like they are wearing 'opportunity gloves'!

Robert G Allen's two books: 'Multiple Streams of Income' and 'Multiple Streams of Internet Income' are superb primers into the whole concept.

He makes another point very clear as well: real success doesn't just come from having lots of income streams, those income streams need to be fed by RESIDUAL income.

A house decorator may have 100 clients (100 streams of income), but each time he finishes a job, he has to find another one to top up his stock of work. Or it eventually dries up.

With residual income, you do the work once, and reap the rewards for a long time. Songwriters and novelists get royalties, investors get interest payments (hopefully), and Internet information marketers write an ebook, set up a members site or devise a course and people continue to buy it long after the hard work was put in.

Sure there is always room for product improvement and marketing effort, but if you are selling something of real value, the really hard work will have gone into the creation process.

Direct marketing - of which the Internet is really just a small, but growing subset - has always taught that any sale to a new customer should be seen as a first step only. The real value of that customer is in the stuff you haven't sold him/her yet. In that way, every single customer should be cherished as one element in your personal multiple stream. Their residual value to you can be enormous.

Dien, I didn't expect to ramble off on a tangent today, but your insightful post struck a nerve with me. And I'm very glad that Quentin Brown's interview struck a similar nerve with you.

Now, where did I put those pies.

Martin Avis
www.BizE-zine.com
Success strategies that really work.


Success Stories - 12 Doers Share Their Secrets. Interview #5: Quentin Brown

Re: How Multiple Streams of Income can sometimes get you the JACKPOT
 

Hi, Dien. Loved this post. When I was "downsized" out of a high-paying corporate job in 1994 (after 14 years), I determined to go out on my own. I came across two books by Levinson that really inspired me: EARNING MONEY WITHOUT A JOB and QUIT YOUR JOB. Both were published in the late '80s-early '90s and are unfortunately out of print.

I've tried to follow Levinson's philosophy for the past 8 years, never relying on just one "business." In fact, Levinson's ideas so inspired me that I took them "on the road" for awhile. One of my income "streams" was promoting Levinson's philosophy of multiple streams of income. A friend and I put together a quickie workshop about the business philosophy, with our own "twist," which we presented to retiree groups ("retirees" are getting younger and younger these days, you understand, and seldom fully retire). We also produced an hour-long audiotape report called HOW YOU CAN HARNESS THE PHENOMENAL POWER OF MULTI-TRACK EARNING, which we sold to workshop attendees.

This philsophy is more valid now than ever, and maybe my friend and I should resurrect our workshops!! (We got sidetracked by other "streams," you see.)

Wally Conger

Re: How Multiple Streams of Income can sometimes get you the JACKPOT
 

> In 1991 Jay Conrad Levinson wrote a book called
> "555 Ways To Earn Extra Money". (I
> think it's out of print but there are plenty
> of second-hand copies on www.abe.com
> ).

555 Ways to Earn Extra Money : Revised for the '90s
by Jay Conrad Levinson
is still available for $12.80 at Amazon.
ISBN: 0805014594

Oliver


555 Ways to Earn Extra Money : Revised for the '90s

Re: How Multiple Streams of Income can sometimes get you the JACKPOT
 

Personally, I liked his Earning Money without a Job a lot more. It has a more freedom loving
approach. Available at abebooks.com, too.

I agree with you, Joe . . .
 

I read "Earning Money Without a Job" in the mid-80's and it really changed my outlook from a corporate workaholic to being my own boss. That, plus "Working Free" by John Applegath and the books often mentioned here by George Haylings and Joe Cossman really contributed to my independent streak!

Another book about multiple streams and businesses in the same vein as Levinsons "555 Ways to Earn Money" is 1001 Businesses you can start from Home" by Hall. Lots of ideas to perk up the old brain cells:-)

Regards,

Bob

One more oldie but goodie . . .
 

that I just found on my bookshelf is a book called How to Survive Without a Salary by Charles Long. Published in about 1980, it covers a little chattel, sales and how to live inexpensively (based on the double digit inflation of those days.)

Long tells an interesting story of his travels in the Australian Outback, where Long, a Canadian, met an itinerant, eccentric salesman who traded fresh fish for tires, beer, and cash. The old bloke continually made money by buying low and selling high as he traveled in his beat up old truck. Long became his sidekick for a time. A really entertaining story that was eye opening for me - I realized that you really CAN survive without a job.

It's pre-Internet and dated in parts, but worth the read if you can find it.
Thanks for listening,

Bob