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Monday, May 25, 2009

Multiple Opportunities at the Same Time

Here is a question I get every now and then:


"Should I be working multiple opportunities at the same time?"


This is a very good question and can't be answered with a yes or no. The reason why is that it really depends and a number of factors:


1. Your available time

2. Your available financial resources

3. Your ability to manage multiple projects


I made a decision several years ago to work multiple opportunities where it was in my best interest. I don't jump into just any opportunity that comes along. I look for vertical markets that are different for current projects I'm working unless I can see a very valuable reason to have two competing products in the same vertical market. I think buying as many of the goods and services that you use from yourself is a good idea especially if there is a potential to earn income. Take for instance a nutrition company that I'm an affiliate with TriVita. Now there are many companies competing in this market but as an athlete I find that their products provide my body with what is need to compete at the level I demand (my wife finds the same results). Since TriVita is a cooperative sales company it means less work for me to build the business than other companies I have been with in years gone by. Yes you always pay more for the MLM opportunity but I have yet to get a check in the mail from the local health food stor when I buy something. The checks from TriVita come regular. This is a win - win and the chances of getting me into another company in this market is slim to none.


I say evaluate your abilities based on the 3 factors above before falling for a slick sales pitch of Great Riches with no work, no money down and nothing a month.


zzscott

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