How Much Do You Diversify Your Income?

10 replies
I was just wondering, in general, how many streams of income do you have online? Also, what made you want to put your eggs in multiple baskets instead of just one?
#diversify #income
  • Profile picture of the author Tom Addams
    Hundreds of income streams, scattered across dozens of niches, utilizing dozens of systems, and growing on a weekly basis. I was always a fan of finance in college - especially anything related to the stock market - and grew up within an entrepreneurial environment. A diversified portfolio is second nature to me.
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    • Profile picture of the author Rageki
      Originally Posted by Get Rich Methods View Post

      Hundreds of income streams, scattered across dozens of niches, utilizing dozens of systems, and growing on a weekly basis. I was always a fan of finance in college - especially anything related to the stock market - and grew up within an entrepreneurial environment. A diversified portfolio is second nature to me.
      Wow that awesome
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  • Profile picture of the author jgant
    4 streams... all four are independent and use different models.
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  • Profile picture of the author myob
    Technically, I've always had just one primary income stream or marketing system, but it was spread out over dozens of niches. However, the income was leveraged by investing in a highly diversified portfolio.
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    “If I have seen further than others, it is by standing upon the shoulders of giants.” – Isaac Newton
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  • Profile picture of the author Marked09
    I have 1 business model , multiple products and multiple ways to drive traffic to it. I haven't tried other income streams yet since I'm just starting out and would like to focus first.

    IMO Focus is important if you are just starting out.
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  • Profile picture of the author AidenTingley
    5 income streams at the moment but I'm looking at increasing that to 10 by next year..
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  • Profile picture of the author alvinhy
    I have 2 income streams in totally different fields, once I get them going automatic I will increase the fields.

    My goal is to get all my income fields automated.
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  • Profile picture of the author miklanderson2
    3 main income streams that are completely independent of one another and a small handful of other minor income streams that come from projects that I tried that never really took off, but continue to make small amounts of money.
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  • Profile picture of the author gjabiz
    Originally Posted by Chris30K View Post

    I was just wondering, in general, how many streams of income do you have online? Also, what made you want to put your eggs in multiple baskets instead of just one?
    My opinion, which I teach my students is:

    Why not have the following ONLINE streams:

    1) Affiliate income
    2) Product ownership
    3) Consulting (if you know how to do something)
    4) Product creation
    5) Toll Position

    BUT, I also encourage students to invest in OFF line, evergreen, on-going businesses which can be remotely managed and sold when you want.

    To think ONLINE only is limiting.

    gjabiz
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  • I have 4 ways make my income stream. Which are:
    -affiliate marketing within my funnel
    -product creation
    -license model
    - traffic/solo ad biz

    These are my four main income streams from MMO niche

    My fitness product launch will be up next year after years worth of focusing on my mmo niche.

    I suggest focusing on what will give you the most return on investment and growth. Study marketing like its your bible and you will be able to sell anything to anyone

    Joe
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