There are many proverbs and old sayings suggesting that it is wise to be diversified. My favorite one is Ecclesiastes 11:2, "Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth."
This ancient proverb has served as my business model for the past quarter-century.
After I opened a modeling school twenty-four years ago, I looked for other avenues of business and income that would complement and take the financial pressure off that business. Soon I opened Advantage Models & Talent Agency to help the models obtain paying jobs—and so that I could make the commission instead of sending my customers to another agent who would reap the benefits of all of my hard work.
When I realized these models were missing jobs because they needed better acting skills, I diversified again, and began to offer acting classes. Soon we expanded the agency to include an acting division.
All these expansions complemented each other, but they also meant increased overhead, payroll and stress. I loved working in the entertainment industry but needed to increase my income without increasing my overhead and stress level.
The absolute best business decision I ever made was to become involved with a network marketing company that complemented Advantage Models & Talent.
After becoming frustrated with lost bookings because a model had acne, puffy eyes or too many lines and wrinkles, I decided it was time to find my clients the best skin care line in the world.
I was just looking for a way to help my models and actors look better, so my agency could make more money. I didn't realize I could actually make an amazing additional income.
After months of research, I decided on a line of products that were better than what most plastic surgeons and dermatologists were pushing, better than the most expensive department store brands. I was thrilled that I could now help my clients look better, be healthier, and book more jobs—and I was even more thrilled when I saw that these products could create a strong, lasting income stream.
In time, my network marketing income equaled and then surpassed the income produced by my other businesses—without adding to my overhead.
Any smart business owner should consider creating an additional income stream with a great network marketing company. Pick a stable company with consumable products that your existing customers already need. The residual income from my network marketing business has given me financial peace through every economic turn. It can do the same for you!
NISE' DAVIES is founder of Advantage
Models & Talent, and agency that has discovered,
developed and booked movie stars, top recording
artists and models including Miley Cyrus, Chris Young
and two Vogue cover models. Nise' is also a radio and
TV show host, and a casting director for feature films.
Married for 25 years, she is a mother of three.