Franchising?? Or Multiple Online Income Streams..
My Situation
Like a lot of people searching around for supplement income opportunities, it wasn’t that I really disliked the day-job, but I wanted to be able to boost my earnings and have a crack at being a business owner on the side.
(And who knows, if I really liked it, maybe one day there would be a transition to working the business full time).
This searching took me down a number of avenues, for example:
Traditional business and sales – fine, but I wanted to be able to better support my family, see more of my friends and travel when I wanted.
Network Marketing and MLM – some success, great products and personal development but I found trying to convince friends and family to attend meetings.. frankly awful.
ebay sales – Ok and a bit of fun but small profit margins and too many annoying visits to the post office.
Then I looked at franchising opportunities – The potential to not only supplement your income but grow a serious business, look after family and have loads more resources to travel and pursue hobbies.
The problem I saw with franchising though, is that you are basically buying yourself another full time job. Worse than that, a really stressful business, where you are likely to work crazy hours and have multiple headaches.
Fast forward a little bit and after more searching around.. A Digital Business System was revealed to me that gives you the opportunity to profit from multiple streams of income straight away, and unlike a franchise, without the need for premises, inventory or staff!
Having said the above about franchising, there are of course many benefits to the business model. To help you understand how a Digital Business System works, we can use the franchising example as it has many similarities:
