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The Five Golden Keys To Massive Passive Income
You can earn a large monthly passive income with a minimum knowledge of the Internet, sales or marketing. In fact, you don't even have to have a website to be successful.
Before I discuss the three important keys to massive passive income and how NOT to lose money, I would like to begin by defining passive income. Like many people I had read lots of articles and listened to several speakers talk about Passive Income. Whether you work a regular 9-to-5 job or are self-employed, you earn a salary based on the hours you work. For most people, if you take-off on a 30-day vacation, chances are you will not be paid. Passive income is an income revenue stream that you have created that operates 24/7 - it operates without you and is an automatic cash machine. One example of an income stream is affiliate programs.
The first step for creating your income stream is finding an affiliate program. You can find affiliate programs online by searching the Internet or by reading articles like this. With affiliate programs you have no employees, no inventory, no stock to ship and very little expenses. Now imagine flying to beautiful Hawaii and enjoying golden sunsets. You stretch out at the beach, soaking in the warmth of the sun and the days slip by and there are no thoughts or cares in the world to disturb your private oasis. Eventually, two-weeks later, you return home and sort through the mail. To your delight you have several checks from your affiliate programs. With gladness and excitement you go to the bank and deposit your weekly income. This is the fun and joy of working with affiliate programs.
Most affiliate programs are free and cost nothing to sign-up. If you find an affiliate program that charges a fee to start-up, then I would suggest holding-off with that program into you learn more about affiliate programs. Do not confuse this with MLM (multi-level-marketing) programs. MLM programs are not passive income streams. These programs require more marketing and having inventory or buying product monthly.
The second important key is "Help People Get Healthy and the Income Will Follow". Or in other words, create a win-win for the customer and for you. Provide a product or service that people want and the income will follow. If you focus only on the money and not your customer, then your financial gains will be short term.
Affiliate programs offer a variety of products or services. Programs can include health products, satellite TV service, movie rentals, hosting services, e-books and the list goes on. Pick a program that is of interest to you and has a broad appeal for men or women.
The third key to success is creating two or more passive income streams. With multiple income streams you can better manage the fluctuation of your income. Stockbrokers will tell you the same ? diversify your income. Back in 2002 I had only ONE program and it was generating over $5,000 per month. Life was grand and I was just starting to build my nest egg. Then, the FDA stepped in and shut the company down. In 2002 this was my main income. My income went from $5,000 to $200 per month. Needless to say, my lifestyle changed very dramatically. You don't have to make this same mistake to learn how important it is to diversify with two or more programs.
Once you have selected an affiliate program you'll want to do a little bit of marketing to get the income flowing. There are a variety of methods to market an affiliate program. I'll discuss only one method in this article because it is the least used and easiest to do. I have one affiliate program that is a natural, organic skin care and cosmetic line. In addition, this company provides each affiliate with their own unique web link to advertise. NOTE: This unique web address is the company's affiliate program website - this is not my website. To promote this program I printed up 1,000 business cards with the description of the product, my unique web address, my phone number and email address. I hand out these cards to EVERYONE I meet. With this kind of marketing you can hand cards to your mechanic, grocery clerk, florist, dry cleaner, dentist, church members and more people. Imagine handing out one thousand cards per month and how much income that will generate.
Anybody can earn a passive income. You, on the other hand, have the three important keys to massive passive income. One, find an affiliate program; two, provide a product or service that customers want and create a win-win, and three, add a second program, then another. Oh yeah, step four is deposit your checks and step five is take a vacation to Hawaii.
Copyright 2005 Wayne McDonald
Wayne McDonald is a Life Practitioner and Public Speaker with tips and ideas to expand your money consciousness. Subscribe today to Insider Secrets - Winning The "Money" Game at http://www.OurFamilysHealth.com/moneynews
Manipulate Your Visitors With Reverse Psychology
Many people say that it is easy to write a sales copy and that there is really nothing to it. Well, all I can say is they are wrong! For many, writing your sales copy is difficult. Having the ability to write sales copy is an attribute that not many people have. When writing a sales copy you need to realize that there are a lot of psychological principles that are involved in the process. Reverse psychology on the other hand, is even more powerful when it is used properly.
Book Yourself Solid Tip: Cash In On The Brilliant, Creative And Quirky You!
What do Donald Trump, Oprah Winfrey and Robin Williams have in common? These successful icons never present a watered down version of themselves to the world. So why then do most professionals play it safe and hide their creativity, quirkiness, spirit, spark and passion?
How Old is Too Old?
How does a 74-year-old newbie break into the world of Internet marketing?
Internet Marketing - Advantages and Disadvantages
Everyone seems to be jumping on the internet marketing bandwagon lately. In the race to get their business online, many successful businesses forget to ask themselves some tough questions about what they are doing, what their expectations are and what their plan is to meet those expectations.
Internet Marketing, Fact Or Fiction?
I'm sure you've seen it before, your inbox overflowing with promises of making millions in the span of a few weeks. If your like me you have these "opportunities" safely tucked away in your recycle bin faster than you can say "Spam",
Internet Promotion - Advantages and Disadvantages
The emergence of globalise trade, increase in foreign investment and cross-border transactions have put many small businesses under pressure to find innovative ways to continue to market their products and services. This is especially difficult given that they often operate on tight marketing budgets.
The 3 Keys To Business Victories
No matter what business you are in there is a high chance of failure. Why? Because most people don't do the research and keep the right focus needed to succeed.
The Worst Internet Marketing Strategy Ever?
Many people are downright frustrated.
Setting Your Online Business Up for Success!
There is a common misconception that an "online business" requires no investment...that you can make money online without spending any.
10 Sure-Fire Viral Marketing Strategies To Increase Traffic To Your Website
"Viral Marketing" is giving something away for free and allowing people to pass it on to others. The main purpose of viral marketing is to spread your message to as many people as possible without having to spend any money for advertising.
Developing Your Export Import Business Using Internet - Part I
Since most of the businesses throughout the world have access to the Internet, many astute entrepreneurs and trading companies are using the Internet as one of the primary means for developing their import and export businesses.
The Google Toolbar & Search Engine Optimization
Like many other useful toolbars out there so is the Google Toolbar. I consider this toolbar a must have for any serious search engine optimizer and anyone who searches the internet on a regular basis. Here's why? The Google Toolbar has grown significantly in features since inception. It now features several new useful features but the main focus of this article is on those that aid in search engine optimization. So without further ado here's the Google Toolbar unfolded.
I Hate Asking for Referrals! ? 6 Proven Methods for Getting a Flood of Referrals Without Asking
Yes, I admit it - I hate asking for referrals - don't you? Be honest. Doesn't your heart start to pump faster and hands start to sweat even thinking about asking a customer for a referral?
Sending A Joint Venture Proposal
When forming a joint venture with another business, your most important step is the approach you use when contacting your potential business partner.
How To Top The Medal Tables With Your Website
The Olympic motto is "Citius, Altius, Fortius" meaning "Swifter, Higher, Stronger" so let's talk about how you can improve your website in each of these ways..
5 Secrets to Building a Successful Internet Business
Everyday I talk with people who want to get started on the internet with their own business. But the whole process seems a mystery to them whether they have an affiliate marketing program, a real estate course or they sell health and fitness products. The easiest way I found to walk people through the basic building blocks is to use a real life example of building a brick and mortar business. Success on the internet is possible when you know how to build it and drive targeted traffic to your website.
You Know Youre an Internet Marketer When...
Did you make the switch from corporate slave to independent consultant? If so, you may be part of the subculture known as "The Internet Marketer's Club." Out here on the Web, things are done a little differently. Nine to Five is a forgotten phrase. "Corporate casual" means tossing on a pair of lounge pants before booting up your laptop. Business meetings are held in the upper right-hand corner of your computer screen!
Viral Marketing! Are You Missing Out?
Many of you are reading this article because you would like to further promote your Internet business and are looking for new ways in which to do this. You have read lots of articles covering various Internet Marketing techniques and are still looking for the "Holy Grail" strategy that will take your website to a higher level. After all, others are achieving this so why shouldn't you.
HOLY TRINITY: The Three Focal Points Of A Successful Online Venture
"For which one of you, when he wants to build a tower, does not first sit down and calculate the cost, to see if he has enough to complete it?" - Luke 14:28
How to Succeed and Stay on Task with Your Internet Marketing Promotion Strategies. A.C.T.I.O.N..
How to Succeed and Stay on Task with Your Internet Marketing Promotion Strategies. One Simple Word. A.C.T.I.O.N.
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