Realizing multiple income streams will help you meet your financial goals | Michael Sparks

Michael Sparks

Igniting the “Spark” within – Sharing thoughts and ideas on success

Today’s blog post is from an article in our monthly AMSOIL Dealer magazine. I’m posting it on my entrepreneur site because I think it stresses the importance of having multiple income streams. Alan Amatuzio is the current President and CEO of AMSOIL Inc. AMSOIL is an international manufacture of Synthetic Lubricants, Filters, fuel additives and associated mechanical products. Since 1972, AMSOIL Inc developed the first API rated synthetic motor oil for automotive use. 

There I was, 1999 and looking for some quality products for my 1997 Ford F150 pickup truck, I run across this guy talking about 25,000 mile oil synthetic oil changes…If you know me, you know I’m very skeptical, but I am an avid self educator as well as an open minded person. At first I thought no way, but then after extensive research I decided to give the products a try. After experience gains in fuel economy as well as increased performance I knew that I was on to something. Then I found out that AMSOIL offered a business opportunity to allow someone to become an independent distributor. It didn’t take me long to decide, “This is what I want to do when I grow up” I jumped in and signed up.

Now that I’ve been involved as a distributor since 2000, I am even more excited about the prospects of the AMSOIL Business Opportunity. As a matter of fact we have taken our AMSOIL Business to a full time-plus income. We consider ourselves financiall free, meaning that we don’t trade time for money and we can do what we want, when we want for however long we want. On top of that our business grows each year and the income potential is unlimited! The company and products are top notch and I get to associate with ethical and moral people. Below is the reposted article from the May 2019 AMSOIL Dealer Magazine.

Alan Amatuzio on financial freedom and Multiple Income Streams:

Finance and investment intrigue me, so I read investment letters and other financial publications. It’s a hobby. Some people like bird watching, others like to golf. I like to figure out how to make money. It’s really a great way for anyone to spend their time; it’s challenging, it benefits your family and when things start to click for you, it’s fun. The finance and investment publications I read typically share sound lifestyle advice. One piece of advice I read made a lot of sense and directly related to AMSOIL: If you want to get ahead, develop multiple sources of income. Seems obvious, right? It’s so obvious that it’s often overlooked.

Realizing multiple income streams will help you meet your financial goals is one thing but figuring out how to develop a second source of income is another. What options do you have? There’s only so much time in a day. Bonds? Real estate? I read about a man who put himself through college
by sharpening knives and scissors. He then assembled and sold a knife sharpening kit. How simple. Everyone likes sharp knives and few people know how to sharpen them. When one of my sons turned 18 I bought the kit for him and told him to watch the tutorial. I thought it would be a great way for him to earn extra money.

A side job like that requires a certain amount of entrepreneurial spirit, much like an AMSOIL business does, but it doesn’t come with instructions. Someone has to have the vision to realize there is money to be made and the drive to go out and make it. Who is a good prospective customer for a sharpening business like that? Where can you find those people and what are they interested in? How do you get the word out?

Your AMSOIL business doesn’t have hard-and-fast instructions because it is an independent business, but we do our best to put you on the right path. We perform extensive research to identify target buyers of AMSOIL products and determine their main concerns and where best to advertise, then we share that information with you. Your Dealership offers something else that doesn’t come easily: security. If you get sick or lose your job, your AMSOIL Dealership is a great source of help. It is an excellent secondary source of income. Plus, you can use the funds earned from your AMSOIL business to invest in other income sources like bonds or real estate. Or you can use the money to save for vacation or send your kids to college. It can help you pay cash for boats, motorcycles or cars. It can help you eliminate debt or prevent it altogether.

We like to say an AMSOIL Dealership can help you fund your passion. One of the best examples of this in action is given by Executive Direct Jobber Kevin Arlotti. Kevin tells the story of how he learned about AMSOIL through his dirt bike racing hobby. He became a Dealer and started selling AMSOIL products at the track. Next thing you know, he was making enough to pay for his weekends of racing and buy a new bike every year. Isn’t that great? AMSOIL truly funds his passion – dirt bikes and racing.

An AMSOIL Dealership is a great resource for anyone who has the drive to use it. It doesn’t have to be a full-time commitment – in fact, for most people it’s not. It’s a perfect opportunity to develop a secondary income source to achieve your goals. But you have to work it, and you have to stay at it. Waiting until your time of need won’t do you any good. Keep those points in mind in your daily routine and maybe you’ll spot some good candidates to join the team.

Alan Amatuzio, President & CEO AMSOIL Inc

If you are looking at starting something to create an additional income stream look no further than the AMSOIL Business Opportunity. With AMSOIL you get to choose how you want to build a business. With Michael and Alecia Sparks as your sponsor you can be confident that we are here to help you, and guide you to build a business that works for you. We don’t ask you to do our way, but we will help you through our own experiences and those that we work with on the best avenues to approach that make sense for you. We are here for you!

If you are considering becoming an AMSOIL Independent Dealer I would suggest to check out our AMSOIL website, from there you can check out our AMSOIL products website, our AMSOIL Dealer training website and our AMSOIL Buy Local Dealer Directory.

Best of Success on your journey to financial freedom!

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