Once I became involved with network marketing, I began doing research to learn more about the business. If you do the same, you will eventually come across other marketers and other types of companies. I have heard of other people being involved with more than one company but as for myself, I don't think I could manage.
The Problem with Joining More than One Company
I feel that it is much too easy to get caught up in the "shiny ball" syndrome. This means that you see a new network marketing opportunity pop-up and feel that if you get in early, you will be on top. You may even just become attracted to new products or services and want to try your hand at them as well. You may have watched a video or read about someone else having huge success with a particular company and feel like you can do the same so you sign up.
The big problem that can occur is lack of focus. I find that running one business takes up plenty of time between all of the marketing I am doing. Unless you have tremendous multitasking skills, being involved with multiple network marketing pursuits can leave you drained. I'm sure there are other people out there who are having success with it, but from my viewpoint, it seems like a huge task.
What About Multiple Streams of Income?
Some people may choose to join more than one network marketing company as a way to ensure having multiple streams of income. This is a great idea - if you can manage it. There are other ways to produce multiple streams of income other than joining various companies. It's great to have variety and with the internet, it's much easier to do so.
For instance, I use internet marketing as a way to make money online. I also continue to do freelance work. Eventually I would like a majority of my income to come from network marketing and internet marketing. However, I am still bringing in income from multiple sources. The cool thing is, I use what I learn from internet marketing and apply it to network marketing.
Spending More than You are Bringing In
Another reason that you may want to avoid signing up for more than one network marketing company is the fact that it does cost money to run them. You have to spend money on marketing (web sites, advertising, etc.) and you have to buy products each month (for most companies.) By joining more than one company, you will probably end up spending much more per month than you are bringing in.
Too often, new marketers are chasing the money instead of treating the opportunity as a real business. Any business takes focus and dedication. Running more than one when you are starting out is an easy way to spread yourself thin.
That is my take on joining more than one network. Have you had experience in this? How was it for you?
