Multiple Streams of Income
by Bruce W. Chenoweth, S.I.P.E.

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Once upon a time, a long, long time ago, I believed that the "thing to do" for financial security was to get a good job, work really hard, have a good mental attitude and always try to give my employer more than I was being paid to do. Not that this is bad advice—actually, it is quite good advice—but it certainly does NOT assure financial security!

What DOES assure financial security is always having more money coming in than is going out. Since the amount that goes out is sometimes beyond our apparent control, especially with the exorbitant cost of health care, fuel prices, electrical surcharges, etc., we can no longer rely on our paychecks, pension payments, retirement accounts or whatever else, to keep up. It is very wise, therefore, to creatively and aggressively develop Multiple Streams of Income to bridge the gaps.

If you are wondering what I mean by multiple streams of income, I will give you some examples of my own. Currently, I am retired, and receive a pension. We will call that my "main" income, since it is reliable and steady. In addition to that, I receive income from the following: (These are presented to stimulate ideas in your mind as to how you can convert your skills and hobbies into multiple streams of income.)

  • A small printing business called ABColorprint.com.
    This is a back-room specialty printing and copying business that we operate with some computers and special Xerox Tektronix printers. Before I retired, this was my full-time business. Now it is very small, very part time.

  • A Portable Disc Jockey and Karaoke Jockey business called "Have Music Will Travel."
    My wife, Ann, loves music very much. Years ago she expressed an interest in learning to be a DJ, mostly because of her judgments of how poorly other DJs performed. We started with her collection of cassette tapes and a home entertainment system that we bought for $400 at Costco. Our first "gig" was a freebie for our church. We had a blast playing for the people, and they responded by immediately "booking" us for two paying jobs at weddings. One referral led to another, and now we have several professional systems, meg-lighting, wireless microphones and a collection of over 20,000 recordings. We can easily earn $3,000 per month on weekends during the summer by going from place to place and having a blast playing music for some great parties.

  • A health-products and services business called "Alive and Well!"
    Years ago I learned in no uncertain terms that, if I wanted to live a long and active life, it is absolutely essential to take the right supplements, eat the right foods, clean out the toxins, get the right exercise and maintain a positive mental attitude about health and life in general. Since I needed to learn all this stuff anyway, and, since the best way to learn something is to prepare and teach it to others. My wife, Ann, already was light-years ahead of me in natural health knowledge, so it was only logical to give back what we were learning in a way that provided us with some compensation for our efforts. We now sell products literally all over the world via our Internet e-commerce site www.abcompany.com.

  • Book Sales.
    Many years ago I developed a very effective technique for myself to convert me from a smoker to a non-smoker. "Quitting" was way too hard for me, so I applied what I had been learning from my studies of self-image psychology and hypnosis to a very targeted process for converting my beliefs about myself to those of a non-smoker. It worked amazingly well for me. I began teaching it to others. It also worked for them. Finally, I allocated the time to author a book that teaches the process plus provides effective exercises to lead others to the same success. It is called "Changing Your Mind About Smoking." Currently it is being re-published as a revised and enlarged printed workbook plus it has just been released as an e-book at www.abcompany.com/nosmoke.
    (By the way, YOU are invited to create your own additional stream of income by becoming an ABCompany affiliate and helping people learn about the book and the other products that we sell online. I pay 51% of the retail price. ($29.97 X 0.51 = $15.28 for each printed version and $19.98 X 0.51 = $10.19 for each e-book version that WE sell because of your referrals. You have no investment costs at all, and we do all the work.)

  • Clowning Around.
    Back in 1989 my wife and I experienced a highly UN-motivated clown at a grand opening. My wife, Ann, has always been highly energetic and very outgoing. In comparing her energy level to that of the clown, it occurred to me that she would make a great clown. She was excited by the idea, and the following week she was attending her first "FUNdamentals of Clowning" class at Bellevue Community College. (Who knew there ever WERE clown classes?) In the years since she has performed many times a month at the rate of $99 per hour. This is especially good income during the fall, winter and spring months when mothers are looking for creative ways to entertain children at birthday parties, etc. The best part is, I usually get to sit at home and relax while Ann is out bringing in an additional stream of income.

  • Games, gags, face painting, balloon art.
    To get me up off my butt and out playing at the parties and picnics with Ann, I built some yard games, like Frisbee Ring-Toss, Bean Bag Toss, Milk-bottle Throw, etc., bought some helium balloon tanks, and learned to twist balloons. We also now find engagements for others who clown, paint faces, twist balloons, etc. and charge them a booking fee.

  • Web Page/Site Design.
    This is a skill I had to develop for myself because I didn't want to hire others to do it. Now that it is a skill that I enjoy doing, it is marketable. I get paid $36 per hour to exercise my creative juices ...

  • Network Marketing.
    I have some strong caveats about this one, but, the truth is that most of the extraordinary, essential health products are only available from network marketed companies (When they find one, they swoop down on it like vultures!) I have two iron-clad tests that any so-called network-marketed "opportunity" must pass before I will spend even a minute with it. These are:

    • "Is this a product or service that I would want to use, no matter what the source of supply is?" (In other words, if they sold it at Wal-Mart or my local grocery store, would I still buy it?)
      If the answer is "no" I am absolutely NOT interested. If it is "yes" I go on to question number two:

    • If I were the last person on Earth who had not joined the company, and there was no-one left to "recruit," would there still be an advantage for me to sign up? (Lower price, better delivery options, higher quality, automated monthly shipping, etc.)
      If the answer is "no" I will likely participate only as a retail customer. If the answer to both questions is "yes," then I believe it would be un-wise to not join.

    Although it seldom occurs, occasionally a company will produce such a product, and will be structured such that it passes the second test by providing significant wholesale discounts to it's members. When I find such a product and company, I am more than delighted to share the good news with friends, family and associates. This invariably results in additional income. I have earned up to just under $13,000 per month from such an income stream.

    I am currently a member of two such companies. One, "Dynamite Marketing," is the source of a product line that I retail all over the world. Their product line is quite excellent, and they produce specialty products for many animal species, including humans.

    The other one is the source of two absolutely AMAZING and CRITICALLY ESSENTIAL products! The most important of the two is "Natural Cellular Defense." It is a specially-processed zeolite formation that actually travels throughout your body attracting, trapping and removing heavy metal toxins from your cells. Given the crisis levels we are now in with environmental heavy metal toxicity, this is a product that absolutely everyone on earth, with possible exception of criminals on death row, must begin taking to reverse the effects of the heavy metal toxins! Even the top specialists, such as Dr. Lyn Hanshew M.D., who specialize in genetics, toxicity and chelating therapy are recommending it enthusiastically. Since I plan for Ann and myself to continue taking it for the rest of our lives, and since I believe that everyone else should, as well, I would be a fool to not be a business member of this one!

So, there you have some of the many streams of income that I have employed to bolster my own financial security. We recently experienced a crisis of sorts that would have been much more of a problem if these many income sources were not in place to compensate for some of the losses.

I hope that these have given you several ideas of how to generate some multiple streams of your own. In fact, I sincerely hope that you will take interest in both our affiliate marketing program, and the Waiora opportunity. These are much more than just additional streams of income for you! The more people use these products, the healthier and happier they will become. As this occurs, our world will become a better place to live and raise our families-NATURALLY!

If the concept of multiple streams of income interests you:

  1. You definitely want a free 1-year subscription to The Internet Wizards Magazine - the web's only multimedia magazine that Helps you define your mission, make your own products and market on the internet. http://www.theinternetwizards.com

  2. You may want to join the ABCompany Affiliate program to earn a commission by referring family, friends and acquaintances to our shopping cart.

  3. If you are interested in Internet Marketing, contact me, Bruce Chenoweth, to learn about the BWiredIn network. It is a simple and effective way to to generate startling ad incomes by following simple, step-by-step instructions to create special websites based upon your choices of subjects. 1-800-207-4365.

 

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© Copyright 1996-2007 A. B. Company New Plymouth, Idaho
This page last updated 11/08/08

 

 

 

 

 

 

 

 

 

 

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