Most people, at some point in their lives have nursed the desire to have multiple income streams available to them.
This desire typically stems from the quest to achieve financial freedom, and live the lifestyle of their dreams.
It is also no secret that the most successful Entrepreneurs and business people tend to have more than one income sources.
For example, some such as Robert Kiyosaki, write books like Rich Dad, Poor Dad, while others such as Donald Trump, syndicate television shows, like the Apprentice.
The innate desire of motivated individuals is to do something similar, even if not on the same scale.
We like to copy success by nature.
Due to economic hardship, some people have found it necessary to take on a second, and in some cases, even a third job, in addition to their main job.
This is actually an example of multiple income streams, even though it is not commonly thought of in that way.
Most folks know that there is a better way to make more money, without sacrificing all their time, therefore, when we generally think of generating multiple income streams, our thoughts tend to be along the lines of residual income; the concept of working once and getting paid continually for the single effort.
This is simply because we figure if we can create one source of residual income, and have the free time due to nature described above, you can create several.
This is true in a sense, but most people who try to do this do not succeed because they are missing the secret ingredient to the effective creation of these opportunities.
So what is the best way to position yourself to earn multiple income streams? The three definitive steps to success are outlined below: Learn how to market effectively What you are aiming to do, is to provide something to someone who sees enough value in that thing that he or she is willing to give you money in return for it.
In order to get that money, you must have a way of putting that thing, whatever it is, in front of the person who is willing to pay for it.
The more effectively you can do this, the more easily you can repeat the process, and the more money you can make.
There are several ways to go about doing this, but these are beyond the scope of this article.
Be sure to educate yourself on one of the several ways, put a marketing plan in action, and master it.
Leverage the power of the internet in your marketing plan.
Systemize and automate the marketing and sales process Once you have established your effective marketing methods, as described above your next step should be to create a system to enable the entire process work without your direct involvement.
You want to leverage technology, the internet and outsourcing to accomplish this.
Your aim is to get to the point where you operate a true business owner, setting the goals and vision, instead of getting bogged down in the day to day operation.
Do not get in your own way, by insisting on absolute perfection as you let go of the day to day running; just make sure that overall the system reflects your overall direction and what you want to achieve.
Brand Yourself This part is very important.
In order to attract the right person who will actually be willing to exchange money for what you have to offer, you need to create a certain brand that resonates with that individual.
The process of personal branding is one that will be ongoing for you, and should not necessarily be done after you have accomplished the first two steps mentioned above.
While building your brand keep in mind that it is you that you want to brand, not someone else.
There is only one you, so do not fall into the temptation of trying to be someone else.
Once you master those three points above you would have positioned yourself in the path of success to achieving your goals, because the process of repeating only becomes easier after the first time.
However, that does not imply that this is a walk in the park.
It will take focus and consistent action to get to where you want to go - the point where you start reaping from multiple income streams.