Friday, January 29, 2010

Cash From Passive and Residual Source

Earning Passive Income is the dream of millions of people on this earth. Many of us have experienced the sheer grind and routine of 9 to 5 job and most of us realise that this is not what we want to be doing for the rest of our lives. The officedrudgery and prison like existence that this affords us fulfills a basic need, it is a way of earning money to exist and nothing more. There are very few people who can actually admit hand on heart that they truly love what they do most people would love to quit 9 to 5. Life should be about having the time and choices to do what we want when we want and with whom we want. Most people dream of earning a very good living passively whilst spending their time doing other things.

Due to its global nature, the internet is not experiencing a recession, in fact counting month on month, it is growing as millions of people are realising the true potential of working online from home. In the world of 'old fashioned' business the daily stories of redundancy, bankruptcy, cash flow problems dominate the news. Employees face a very uncertain and stressful future often not knowing from one month to the next if they have a secure future or not. This is not a satisfactory way to live it is an existence and a very stressful and poor one at that.

Passive income breaks down into 2 main categories and Internet businesses often combine both these categories so that you earn some income from your own efforts and also leverage the efforts of your team.

Residual income model - This can be generated by selling to the same group of customers for instance as with monthly sales of vitamins, or commissions generated on a regular insurance policy. It is where the 1 action creates more income over time. This income is dependent on still making that same sale month after month and requires effort on your part to generate more similar sales.

Leveraged Income - This relies on using the work of others to make income so for instance you may have a web site promoting an ebook that was written by someone else, you sell a copy and you get a commission. In network marketing you work hard to build a team they make sales and you get commissions. The key to this is that you generate an income from other people's efforts. You teach 1 person how to run their business then they go out and teach others.

It is now possible to have web sites that qualify your visitors, where they then get led down an automated sales funnel which qualifies them further and automatically gives them more information & they can then go on to make a sale online. All of this without the need for human input at all. This is the sheer power of being able to automate your efforts as the automation aspect frees up your time. Ask yourself where would you rather be, working or out having fun?

You can then go on to create multiple streams of income for example, if your business creates income from a small initial sale then creates a larger income from bigger secondary sales and also generates income from regular subscriptions and then generates income from the sales of others ie your team. This is true leverage and passive income at its best. The better your skills at branding particularly branding yourself the more successful you will become. The only input required by you is the initial setting up and regular monitoring and some regular input of valuable content. The day to day drudgery of sending out mails and following up is taken care of automatically. Income generated in this way can be to 6 or 7 figures yearly.

With the right mentor (make sure they are successful themselves), with good education, with the right business model and with the right automation in place your income can be pretty much whatever you want it to be. So, take action and do your due diligence and make those dreams come true. Remember there is NO recession here out on the world wide web and creating a 6 figure income passively is already a reality for thousands!

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Wednesday, January 27, 2010

Why Plan Ahead For Being Out Of Work

If you in the brink of losing your full-time job or in the danger of becoming unemployed, then what options do you have?

Do you have another alternative solution for income?

Well, the majority of people do not plan ahead and think about the worst case scenario and when you get fired then you are in trouble and finding a way out is difficult but not impossible.

Most people get depressed very quickly and lose the hope of finding any opportunities to make money. But there are so many people, who did not lose hope and decided to find a way to earn an income no matter what and some of them succeeding incredible well.

For example starting a home based business online is a chance for everyone to make money. All you need is a computer and an internet connection. Please note that I am not saying this is an easy way out and you will make money overnight but it is a way out and if you have no job and have trouble paying the bills, then such opportunities have to be taken, don`t you think?

The reason why internet marketing is so lucrative is because there are such a wide variety of ways to make money. Best of all, you don`t even need incredible talents or computer skills, just plenty of patience and desire.

Unfortunately starting your online home based business for free is almost impossible and it takes much longer, even if you do happen to make it. In my experience you do need around $100-$200 per year for a domain name and hosting which to really get started, which in reality is not that much at all. I seriously hope you will use this opportunity to turn your life around and earn a passive salary for life.

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Friday, January 22, 2010

Why There Are No Top Business In Home

Many people are searching for the top businesses to start in thier own house. It can be really hard to determine what the top one really is. There are some important things that you need to understand and do.

Understand these points before you decide for yourself what the top home based business really is.

1. Actually, no one can tell you what the top business is for you. This is because they don't know anything about you or what you like which is very important to finding the right business. You need to be sure that you choose one that you will enjoy building when searching for the top business. By enjoying building it each day you will have a much better chance of being successful with it.

2. Make a list of your hobbies and interests or anything else that you have always enjoyed. This will give you a goodstarting place to start your search.

3. Start searching using any major search engine like google, yahoo or bing. Gather as many home business ideas or opportunities as you can. Make a list of them to go over later.

4. Take all the ideas of opportunities that you found and go over each one thoroughly. Be sure when going through them to make sure you like the product and can feel good about promoting the business. If you can't then this is definitely not the top business for you. Feeling good about what you are promoting will make it so much easier for you to make money with it. Plus you will feel good about giving people a good quality product or service.

5. Do research online using forums or by reading reviews to help you learn what other people are saying about a particular business. This can really give you a lot of useful information about whether an opportunity is a good one and whether it could be the top one for you.

6. Get everything you have done so far together in one place so you can go over everything thoroughly. It is time to make that final decision about the top business for you. Go over everything and narrow down your choices to two. Then really take time to decide between those two until you are happy with your number one top choice.

7. The last thing to do is to get started. Now it is important to understand that many people with their home business because they never take action. It is vital that you start learning to market right away once you get started. Marketing is the key to making any business successful.

By doing these things and understanding them, anyone can easily find the top home business. Don't always depend on what others on the internet are saying is the top one because you have to be sure that it is the right one for you before being able to build a successful business.

Wednesday, January 20, 2010

Making Money From Associate Programs

You could have often heard of the buzz terms, ‘affiliate programs’ or ‘associate programs’. Are you thinking of them in one of two ways, either – it’s got to be another one of those Internet ‘work from home’ scams. Or, “That’s just out of my league.”

Promoting affiliate programs is in fact a very attractive and viable way to initiate multiple residual income streams. It’s not a get rich quick scheme. In fact, to be successful it takes a great deal of work and persistence. It also requires flexibility and an inquisitive nature that embraces trying new ways of marketing until you find something that works for your target audience.

What is an affiliate program? Thousands of established businesses set up affiliate programs in order to have people like you promote their products or services. When you sign up for an affiliate program you are given a link with your own unique id embedded into it.

With your own unique link it then becomes your job to promote the affiliate program and drive traffic to the businesses website. You never handle sales or products, but each time an interested prospect visits the website through your link and actually purchases something you earn a commission.

One of the most effective ways to promote affiliate programs is to find a subject that you are passionate about. Something that (humility aside), you may even consider yourself an expert of. Take that subject and develop a website that is devoted to it.

Building a website does not have to be intimidating. There are a tremendous amount of resources available to you to help you build one. You could also have the template of a website designed for you, or you could purchase a website at a price that may surprise you.

Choosing and working with a subject you love insures that you won’t become bored with the website. The more content that you add to your site and the more you promote it, the more traffic you will get. It could take a good year to get the site to the point where you are actually surprised at how well it is doing. At that point, it seems to almost effortlessly improve itself.

The key is to draw your visitors to the website because you have terrific content. It is even more effective to offer a newsletter that your visitors can opt-in to. This way you can send them monthly newsletters with articles that will interest them, convincing them to frequent your site over and over again. You can also include the affiliate program links in your newsletters as well.

The final result is that you have indulged in promoting a topic that you are knowledgeable and passionate about; while at the same time have initiated a residual income from.

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Friday, January 15, 2010

Harness Your Emotion For Business Success

Human emotions are a part of your work life. Whether it is positive or negative, it's important to not only feel your emotions but pay attention to them. When your emotions are a flashing red light, warning you that it's time to take your life to the next level.

Here are some steps that can help you harness your emotional power:

Be aware of and identify your emotions.

So many of us were taught that certain emotions were good and certain ones were bad so we try to ignore the “bad” emotions. In response we learned all sorts of ways to ignore or bury the emotions we didn't want to feel, ways like overeating, smoking, drinking, becoming a workhaholic, and so on. The truth is that there are no “good” or “bad” emotions. All emotions have something to teach us. So the first step is to get in touch with what you're feeling. Are you angry, frustrated, happy, or sad? Give it a label. Notice, too, how the feeling manifests in your body. Are your shoulders tense, your teeth clenched, or your stomach jittery? These physical symptoms are proof positive that emotions impact our physical lives. They teach us also, that it really is important to take charge of our emotions, instead of letting them take charge of us.

Set a realistic deadline.

Time frames and deadlines make plans come alive. Once you have a plan for changing, set yourself a realistic deadline. Then, based on the deadline, work backwards and set short-term goals for yourself.

Take on the challenge and start moving.

Too often, we spend all our time in the analysis of the what's and the why’s and the design of the how’s. While important, these are just the beginning of the whole process. Real change happens when you are determined to make it happen. So make the commitment to change and go for it. No more talking. Just do it!!!

Get support.

If you are serious about making big and important behavioral changes, don’t do it alone. Get whatever kind of support you need from a friend, a family member, a coach or a mentor. Then help your support team to help you by communicating your plan as clearly as possible. Communicate what you are doing, describe your desired outcome, and ask your supporters to help you achieve your goals.

Stay focused.

Many times, it takes a season for a change to happen. Especially, when you are feeling negative emotions and when circumstances aren’t changing, it is easy to loose sight, get discouraged and give up. Stay focused. Be patient and persistent. Picture in your mind the feeling you will get when your outcome is fulfilled. It takes a while for a seed to germinate and grow into a plant. You don’t stop watering the seed after a week just because you have not seen any leaves. You keep the faith and you keep watering. In the same way, be patient. Don't get discouraged. Stay focused on your outcome. Keep taking actions. Most people fail in this step. If you are can visualize your goal, make it real, and keep moving towards it, you will win the race.

Reward yourself.

Don't forget to reward yourself along the way. You are mastering the use of your emotions as a tool of empowerment. Give yourself a lot of credit for that. Write down your successes. Share them with friends. These will serve as your fuel the next time you need to face another emotion and turn it to your advantage. You will remember that since you successfully used this process the last time to create a better life, you can surely do it again and again. You will have a positive outlook on what comes to you, knowing that you will come out of it stronger and more powerful. You will become more and more confident that you are capable of becoming Emotional Intelligent and shaping your own life for better.

Wednesday, January 13, 2010

Don't Let Lose Your Family

I am sure that most of us have either heard, or even personally known a family that has been damaged because the husband/father pours all of his time and efforts into a job or career. His wife and children never sees him and don’t know him. He may try to make up for it with all kinds of “worldly” gifts, when all the while what is really needed is him to be there.

I know what you are thinking. This couldn’t, or shouldn’t, happen for dad working from home with their laptop. I am here to tell you that it not only can, but also it does. It doesn’t matter if the husband/father is devoting all his time to his career away from the home or tucked away in his cozy office at home. The outcome is going to be the same.

The question that needs to asked is “How can a father/husband run a home based business, at times while still working full-time outside the home, without causing irreparable damage to his marriage and family?” Hopefully, the following things will help him keep his priorities in line and not be “sucked in” to the “succeed at all costs” mentality that is so prevalent in this day and age.

1) The most important recommendation I can offer, the reason it is at the top of my list, is to trust in God to provide. If we learn to trust HIM rather than feeling that is all up to us, the better off we will be (I used to struggle with this BIG time)..

2) If you are building a home business while working outside the home, you MUST understand that your family needs you. I’m not talking about being able to purchase the newest home video center to keep everyone busy either. Set aside some time to spend with the family. Make your wife feel special (surprise her with a rose) and remember that you kids are only kids FOR A SHORT WHILE.

3) Set your goals according to the items listed in #2 above. Don’t let your goals run your life. Goals are important, but they are worthless if you lose your family in the pursuit of them.

4) Try to get your wife and/or children involved in your business. The home should be a place of commerce. Children are a blessing, not a curse. Let them bless your business. Let your children do things for you, even if it is just filing papers or searching a topic on the Internet that you may need. Make them feel like they are a part of the business and it will go a long way to keeping your family together.

There are many other things that can be done to keep your home business from adversely affecting your marriage and family life. Some of them are OBVIOUS while others are not. A good rule of thumb is to remember that your family should be the most important thing in your life next to your relationship with God. If you keep this in mind, and work your business with this as your primary “goal”, not only will you not cause damage, but I truly believe you will be blessed in whatever endeavor you are undertaking.

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Friday, January 8, 2010

Suggestions To Improve Your Home Online Business

It's always a good time to take stock of what's working for you, and what needs some attention - including your Web site!

Here are some suggestions for a great tune-up audit:

Does your content engage your visitors?

Your site should be written from your visitors' point of view, not yours. Does your home page clearly recognize why the reader might be there - what's in it for them, and why they should care? What are the problems or issues that they might have, and how will you solve them?

Can you make your case?

If you claim that your products or services achieve results, do you have clear content on your site that substantiates this? Do you have case studies, sample client lists, and testimonials from happy customers? Third party endorsements are worth far more than your own promotional text, and they should be spread throughout your site, not relegated to a separate page that few visitors will go to.

Do you position yourself as an expert?

One of the most effective ways to get exposure is to publish articles, and white papers around your area of expertise. Even if you sell widgets, you can help people get the most out of using them! Articles on your site will be picked up by the search engines, and you can also offer them to publications that your target markets read - always with a link back, or reference to your site, of course.

Do you ask for the business?

Whatever the outcomes that you want from your site, you need to ask for it. Too many Web pages end weakly, with no clear calls to action. Don't make your visitors have to work to decide what to do next - they won't! Every page on your site should have a strategy - invite the visitor to interact with you, or go to the next page, but make it easy and obvious.

Do you have a diversified promotional strategy?

Don't depend on free search engines to get you traffic. Are you exploring other ways of promoting your site - such as using your content and articles, advertising in e-zines, appending a signature file to your e-mail, regularly sending updates to your database, and ensuring that your traditional marketing is integrated with your online activities?

Are you reviewing your traffic analysis?

Last, but really key - your Website traffic reports will tell you what's working and what isn't. Without this information, you're really shooting in the dark - what if you were to find that the majority of your hard-earned visitors never go beyond your home page?

All the best.

Wednesday, January 6, 2010

People With Home Biz Goals Will Succeed

Those who try and start a business without goals could be compared to throwing a baseball pitch, blindfolded in the dark. What would be your chance of getting your pitch on target? Never mind getting a strike-out. Unless you are very lucky it is unlikely that you will have any success without properly setting out goals.

If when you start your home business, in what ever field it maybe, if you have no goals and aim at nothing, is it not unlikely that you will hit nothing and achieve nothing?

When you set your goals you need to decide what you want and when you want to achieve each goal. You should spend time writing down your goals and display them in a prominent position where you will see them daily to remind yourself to stay motivated and focused. Cross off your goals once they’ve been achieved, adding new ones to ensure your business keeps growing.

I’m sure you will have come across the SMART analogy, with regards to goal setting. It contains the most important concepts to consider and adhere to when setting your goals.

Goals should be; Specific, Measurable, Achievable, Realistic and Time related.

For example it would be unwise to set a goal of making $10,000 in a week, it’s just not a realistic goal for the average person, unless you have a lot of experience and knowledge in your field or receive help from someone who has these attributes. When you failed to reach this goal your motivation would suffer and you might start doubting your decision to start your home business.

Before you start setting your goals I want you to write a list of all the things you want; whether it is a new car, watch, house, to send your kids through college or a successful home business, write them all down and say why you want them. When I did this I had a list the length of my arm and I’m still working through it 3 years on. By doing this it will help focus your mind and motivate yourself to succeed.

Now set your goals, they need to be SMART and you need to set both short term and long term goals, and also daily goals. One of the best techniques I use is to set 6 goals before I go to bed for the next day and prioritise them so I know clearly in my mind what I have to do the next day.

All successful people set goals and prioritise them in order of importance. Remember your time is your most important asset; you simply cannot afford to waste it.

When you are in business for yourself, you are the primary motivating factor, if your truly want your home business to succeed you will do whatever it takes to make it happen.

By making goal setting a habit there is no reason why you cannot achieve excellence.

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Friday, January 1, 2010

Real Affiliate Program That You Earn The Most

Ask any affiliate marketeer and the answers you got out there who will tell you that the affiliate program they promote is going to be the best one for you.

Have you ever give some thoughts to who is really making the money and who gains the most out of affiliate programs.

Just take a step back and look at the AFFILIATE.

What exactly is the role of the affilate?

The sole purpose of the affiliate is to PROMOTE the product and/or service.

What are the benefits of being an affiliate?

They get paid a minimal commission that is regulated by the owner of the product/service.

In simple terms, as an affiliate, it is your responsibility to make someone else rich whilst doing all the hard work. You take on the expenses of advertising, you are the one who usually misses out on subscribers if you haven't first made them your client before they buy the product/service you are promoting.

And all this for what? Maybe $20 per sale if you are really, really lucky.

You also need to remember that when you are an affiliate, YOU are not the only person promoting that very same product/service.

So what will make your offer any different to someone else who is promoting the exact same product, usually using the same sales technique, offering it at the same price.

Getting to the top 5%, which is the amount of affiliates who make more than $100.00 per month, you need to first have a really good, clean, targeted subscribers list of more than 50,000 subscribers, know exactly how to gain targeted traffic, and have a huge advertising budget.

For the other 95%, the only way you are going to make alot of money from and affiliate program is to OWN YOUR OWN.

It really isn't as hard as you might think to set up.

Therefore, the best AFFILIATE PROGRAM obviously is the one you OWN.

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