<blockquote>
Building A Profitable Online Income Stream Is An Expensive Dream!</blockquote>
I can understand what you mean if this has come across your mind. Be it in the form of investing on advertising or just time and effort it still costs you a large chunk of your "life". The truth is being able to boost your online income stream to a really insane level first comes from doing the right things. Then, get ready to be blasted with the tips below.
Secret #1: What Is Your End Goal.. In Numbers?
You definitely must be able to see what you want to achieve at the end of say 3 months or 6 months down the road. No one is going to tell you how much you can earn. See the difference? If its $3000 in 3 months then write this down and pin it to your sketch board.
Secret #2: Family And Business Don't Mix
Imagine blending orange and sushi together! Thats a pretty strange concoction for a snack. Its the same when you want to build a good online income stream around the house. Make sure you really
dedicate work for work and family for family time. Stay focused on each task.
Secret #3: Money Is The Result Of Providing Value
Many times you will come face to face with doubts. Doubts like, "is this online income stream based website really working?". Yes, you poured your heart and soul. Your real job as an income generator is to know if the market you are looking into sees what you're doing as a valuable resource.
Secret #4: Sow Nothing, Reap Nothing
Like I said earlier. You need a good combination of time, energy and money to grow your online income stream. Nothing comes so instantly apart from your instant noodles (by the way, instant noodles is cheap food). Be prepared to put in a big chuck of blood, sweat and tears for your 'great harvest'.
Secret #5: The End Of Hype On The Internet
One fine day everyone suddenly turned to blogging and they cut off sales pages. Why so? The age of web 2.0 as they say has begun. Before you join this train of madness remember that this is nothing more than just "a trend". Always keep all your contents or websites with a generous serving of honesty!
Not everyone will be able to keep up with you if you are really passionate about your business. Remember your online income stream is directly influenced by the way you run your life. Standing out from among your competitors does take some effort, but you can shortcut this route by employing a good marketing system.
Thursday, February 9, 2012
The Secret to Creating Wealth Through Affiliate Marketing
If you, like many online marketers, are looking for a way to increase your affiliate sales you may want to consider residual affiliate programs. What is the secret to creating wealth?
Affiliate marketing, if you don't already know, is a risk-free form of advertising in which a company pays its affiliate partners a commission for sales and/or leads generated through the affiliates marketing activities.
Most affiliate programs reward their affiliates once for a sale, but some reward their affiliates over and over again. This is called a residual income and this, my friend, is what I call earning smart money.
Residual income, also known as passive income, is income that continues to be generated after the sales effort has been expended, this compared to a linear income ( a wage or one time commission) is a more effective way to make money online and the true secret to creating wealth. When you earn a linear income you are being rewarded directly for your efforts. But when you earn a residual income your efforts don't expire, you continue to earn money from your initial efforts and you have time to devote to other things, including learning how to improve your marketing techniques.
Here's an example: merchant A and merchant B both offer web hosting services. The first merchant offers a one-time commission type of affiliate program that pays $80 for every sale you make as an affiliate. The other offers and a residual affiliate program that pays only $10 for every single affiliate initiated sale. Now, initially you will want to work with merchant A since $80 is a larger offer. However, consider what making a lifetime commission on an initial sale is worth and suddenly $80 isn't such an attract offer.
If you direct traffic to merchant A and it is converted into a sale you will only get paid once. But merchant B will reward you monthly for as long as the customer you have referred to the merchant continues to use the web hosting service. This means that without working any harder you are actually increasing your income.
What would you rather do-work hard to get paid once or work hard and get paid several times over.
Residual affiliate programs are not always easy to find, but they are worth the hunt if you want to find the secret of creating wealth. Many companies prefer to operate linear income opportunities. However, you can usually find passive income opportunities tied with weight loss programs, web hosting sites, and music/video download sites. In other words sites that work on a subscription basis are great places to look for residual income opportunities. Each time the customer renews his or her subscription or policy you earn a commission.
Note however, that just because you are earning a residual income does not mean that you can cut yourself from your customer. In order to get the customer to renew their subscription or continue to purchase products from the merchant's site, you have to keep in touch with them. So while you do not have to throw your marketing efforts into gaining a new customer, in order to gain financial stability, you do have to put time and effort into making sure the customers you do have are satisfied. Often it can just be contacting your customer to remind them of the renewal date. But some communication is required otherwise you could lose potential profits.
But merely calling to remind a customer of their renewal date is no way as much work as working 50 hours a week for a set linear wage.
Most people who have made a significant amount of money online will attest to undertaking a residual income strategy. And if you are serious about finding the secret to creating wealth and financial freedom for yourself online then it is definitely something to consider.
Affiliate marketing, if you don't already know, is a risk-free form of advertising in which a company pays its affiliate partners a commission for sales and/or leads generated through the affiliates marketing activities.
Most affiliate programs reward their affiliates once for a sale, but some reward their affiliates over and over again. This is called a residual income and this, my friend, is what I call earning smart money.
Residual income, also known as passive income, is income that continues to be generated after the sales effort has been expended, this compared to a linear income ( a wage or one time commission) is a more effective way to make money online and the true secret to creating wealth. When you earn a linear income you are being rewarded directly for your efforts. But when you earn a residual income your efforts don't expire, you continue to earn money from your initial efforts and you have time to devote to other things, including learning how to improve your marketing techniques.
Here's an example: merchant A and merchant B both offer web hosting services. The first merchant offers a one-time commission type of affiliate program that pays $80 for every sale you make as an affiliate. The other offers and a residual affiliate program that pays only $10 for every single affiliate initiated sale. Now, initially you will want to work with merchant A since $80 is a larger offer. However, consider what making a lifetime commission on an initial sale is worth and suddenly $80 isn't such an attract offer.
If you direct traffic to merchant A and it is converted into a sale you will only get paid once. But merchant B will reward you monthly for as long as the customer you have referred to the merchant continues to use the web hosting service. This means that without working any harder you are actually increasing your income.
What would you rather do-work hard to get paid once or work hard and get paid several times over.
Residual affiliate programs are not always easy to find, but they are worth the hunt if you want to find the secret of creating wealth. Many companies prefer to operate linear income opportunities. However, you can usually find passive income opportunities tied with weight loss programs, web hosting sites, and music/video download sites. In other words sites that work on a subscription basis are great places to look for residual income opportunities. Each time the customer renews his or her subscription or policy you earn a commission.
Note however, that just because you are earning a residual income does not mean that you can cut yourself from your customer. In order to get the customer to renew their subscription or continue to purchase products from the merchant's site, you have to keep in touch with them. So while you do not have to throw your marketing efforts into gaining a new customer, in order to gain financial stability, you do have to put time and effort into making sure the customers you do have are satisfied. Often it can just be contacting your customer to remind them of the renewal date. But some communication is required otherwise you could lose potential profits.
But merely calling to remind a customer of their renewal date is no way as much work as working 50 hours a week for a set linear wage.
Most people who have made a significant amount of money online will attest to undertaking a residual income strategy. And if you are serious about finding the secret to creating wealth and financial freedom for yourself online then it is definitely something to consider.
Home Based Business Residual Income - The Joy Of Success In Home Based Business Opportunity Program
It seems that millions of people have dabbled into various home based business programs and spent money and time for a couple of years working themselves to death to succeed but have failed miserably and are frustrated and may have given up on their dreams of creating true wealth and financial security from a home based business.
Are you one of these people?
If yes, read on to discover an eye-opening "SECRET" which may rock your world and finally give you the little known "SECRET GOLDEN KEY" to unlock vast internet wealth and make all your dreams to come true.
Most people got fade up from doing 9-5 jobs and all the stress and hassles involved and decided to try their luck in doing home based business opportunity programs which they operate from home to generate auto-pilot cash flow.
However, most of these people are ordinary folks who have no computer programming or business marketing or webmaster or web designing or website promotion skills.
Therefore to get their home based business programs off the ground, they had to spend a lot of time and money to seek and find website designers, web hosting companies, website marketing information and had to read hundreds of e-zines, e-books as well as attend $5000 hot seminars conducted by snake oil internet marketing wannabe gurus.
Yes, there are millions of people who are making large amounts of money doing home based business programs and even affiliate programs.
Ironically, they include these so-called internet-marketing gurus.
However, the problem is these so called internet marketing gurus are slick because they do not tell you the whole truth about the "secret" to get rich doing home based business program, because they don't want you to know the WHOLE "SECRET" and become their competitors!
They do not tell you the WHOLE TRUTH about how to generate website traffics.
If you cannot generate massive website traffics, you will not get website visitors or sales and you will fail.
There are very powerful little known secrets on how to generate massive website traffics for any home based business program.
However, the so-called gurus and webmasters do not share all the secrets.
They sell only half-truths to you for $39.99.
Half-truths are very dangerous because they complicate matters and waste your valuable time and resources.
The so-called internet-marketing gurus have told some home business owners to buy traffics from traffic companies, to do banner advertising, to do opt-in e-mail marketing or joint ventures.
Most of these internet-marketing strategies have been dead and invalid for a few years now. They do not work anymore.
There are millions of fake traffic companies selling 1000 traffics for $10, 50,000 traffics for $50 and 1,000,000 traffics for $500.
So, you spent your hard-earned money to buy their website traffics services.
They told you it would take about a month for them to deliver all the website traffics and that a report and proof will be sent to you after the website traffics were sent to your website.
So you waited for a month, but at the end, you did not get even one sale, even though the traffic company claimed they had sent 1,000,000 website traffics to your website and also gave you a proof for it.
What you did not realize was that, yes, they sent 1,000,000 hits to your website, but they were computer generated (using a script). They are not real human beings!
That was the reason why you did not generate even one sale.
You had been conned and ripped off!
So, you felt angry, scammed and frustrated.
Therefore, you decided to try to get website traffics from the search engines.
So, you squandered $5000 to attend seminars by the so-called internet- marketing gurus and spent a lot of time reading all their hare-brained silly e-books and listening to their audio tapes and watching their videos.
From all these you probably learned how to optimize your website, do link exchange and submit your website to search engines.
But what happened after you did all these as they instructed you to do?
To your horror, you discovered that the major search engines would not even index your website for at least 6 months!
That is what is called being sandboxed.
They placed your website on probation for at least 6 months.
So, there was no way for you to get any website traffics for at lest 6 months.
Your website had not been included in the databases of the major search engines.
So, since there was nothing you could do about that, you decided to wait.
You waited and waited for 6 months.
Then luckily, finally in about 8 months they indexed it.
Therefore, you started expecting website traffics and hits from the search engines so you could finally start making sales and earning income.
But what happened when you checked your keywords positions in the major search engines?
You became shocked to discover that the largest corporations dominated all your keywords and your website could not be found in the top 100 websites in the search results!
Holy mackerel, you moaned.
No wonder you were not getting any website traffics, hits or making any sales!
Ouch. That hurts.
It was then about 1 yr since you started making efforts to earn income from a home based business program.
At that point, you were angry, frustrated and disappointed.
Who would blame you?
Nobody enjoys failure.
So you decided to fight on by hiring a website search engine optimization company (SEO or SEM) to do all the work for you so you could get to the top 10 positions in your keywords and begin to generate traffics and sales.
You plunked down $2,500 for the SEO company to work their SEO "magic" for you, in addition to agreeing to pay another $100-$250 monthly for them to maintain your keyword positions.
They told you that you should not expect any result for at least 3 months-6 months and you had to agree because you had no choice.
If the SEO company you hired was a genuine one and they did their work right, yes, in 3-6 months, you would finally start getting website traffics and sales.
Yahoo! You exclaimed out of excitement.
At last, you finally made it.
You felt happy and wanted to scream and tell the whole world.
Sales were coming in.
You were then able to start paying some of your bills, especially your rent or mortgage, insurance, medical and car loan as well as other payments.
But after 3 months when the major search engines updated their databases, your keyword positions disappeared and suddenly your website traffics as well as your sales screeched to zero!
You were back to where you began a year ago! Zero!
No traffic and no sales, in addition to having spent $2,500 and additional maintenance fee of $100-$200 monthly for about 3 months.
When you phoned the SEO company, they told you that it was not their fault and they would keep charging you $100-$200 monthly as you agreed and that you must have patience because after the next search engine update, your website keyword positions could go back up to the top 10 positions again.
You do not have to go through this. Enough is enough.
This is not how those who are getting rich online are making it.
There is a better way to get rich online without selling your soul to the devil and having a heart attack.
And what is great about it is that there is no website required, no product/services to promote, no search engine optimization needed because there is nothing to sell.
So, you do not need any website traffics or to squander your hard earned money paying website search engine optimization companies $2,500 plus $100-$200 monthly.
This little known but extremely potent and powerful millionaire's secret of creating, preserving and propagating wealth is 100% legal, easy and fun to do.
All you will be required to do will be to open a special "INTERNET FINANCIAL ACCOUNT", click your mouse and enter a "SPECIAL CODE NUMBER", then click your mouse a second time and you make money.
The amount of money you make may vary from $100 every hr to $2,500 daily and even $100,000 monthly.
And you can make fast cash all day, 7 days and 365 days from the comfort of your home or office and from any country in the world.
There is no limitation on how much money that you can make.
It is the fastest and greatest "SECRET" to creating infinite wealth on the internet without doing any work.
Read my lips: no work. Nada. Zip.
This is hot stuff and that may be the reason why you might not have heard about it because the millionaires and the "power elites" who have been using it to create vast wealth without doing any work have hushed it up and jealously hidden it and kept it away from the public.
Can you blame them?
If you wake up tomorrow and discover that there is a goldmine or treasure in the ground under your home, will you place a full-page ad in New York Times newspaper to tell the whole world?
With the millions of dollars which you could potentially make from this $100,000 monthly for life, millionaire's "SECRET", you'll be free like a bird to buy a mansion, with the most lavish and expensive furnishings, jewelry, antiques, electronics, a 50ft yacht, dream luxury cars, pick your choice: Lexus X470, $44,000 Jaguar 2007 S type, Silver Porsche Carrera, $180,000 Ferrari Testarossa, Mercedes 2007 Model S Class, 2007 Rolls Royce Silver Seraph, Bentley Mulsanne S, $220,000 Bentley Arnage Silver Tempest or a flaming red Lamborghini Jalpa!
You can make all your dreams in life to come true, without any hard work!
May these insights into home based business opportunity, online income opportunity, internet wealth secret, internet millionaire secret, shortcut to online wealth, home business internet money making, earn income online, residual auto-pilot cash flow program, website traffics, website sales, affiliate program, website marketing, website search engine optimization, SEO, SEM major search engines, website internet-marketing gurus, help you make millions of dollars and to achieve your life's ambitions and dreams.
Copyright Info:
This article is copyrighted and you may publish this article at your website, in your e-zine (newsletter, blogs) or send it to a friend as long as you retain the author's resource box, including the website address, and refrain from altering the content or using it in any re-direction manipulation scheme.
If you do not agree to these conditions, please do not copy and use this article.
Anyone who violates this condition will be subject to legal action and payment of damages for violation of our copyrights. Thank you.
Ikey Benney
Are you one of these people?
If yes, read on to discover an eye-opening "SECRET" which may rock your world and finally give you the little known "SECRET GOLDEN KEY" to unlock vast internet wealth and make all your dreams to come true.
Most people got fade up from doing 9-5 jobs and all the stress and hassles involved and decided to try their luck in doing home based business opportunity programs which they operate from home to generate auto-pilot cash flow.
However, most of these people are ordinary folks who have no computer programming or business marketing or webmaster or web designing or website promotion skills.
Therefore to get their home based business programs off the ground, they had to spend a lot of time and money to seek and find website designers, web hosting companies, website marketing information and had to read hundreds of e-zines, e-books as well as attend $5000 hot seminars conducted by snake oil internet marketing wannabe gurus.
Yes, there are millions of people who are making large amounts of money doing home based business programs and even affiliate programs.
Ironically, they include these so-called internet-marketing gurus.
However, the problem is these so called internet marketing gurus are slick because they do not tell you the whole truth about the "secret" to get rich doing home based business program, because they don't want you to know the WHOLE "SECRET" and become their competitors!
They do not tell you the WHOLE TRUTH about how to generate website traffics.
If you cannot generate massive website traffics, you will not get website visitors or sales and you will fail.
There are very powerful little known secrets on how to generate massive website traffics for any home based business program.
However, the so-called gurus and webmasters do not share all the secrets.
They sell only half-truths to you for $39.99.
Half-truths are very dangerous because they complicate matters and waste your valuable time and resources.
The so-called internet-marketing gurus have told some home business owners to buy traffics from traffic companies, to do banner advertising, to do opt-in e-mail marketing or joint ventures.
Most of these internet-marketing strategies have been dead and invalid for a few years now. They do not work anymore.
There are millions of fake traffic companies selling 1000 traffics for $10, 50,000 traffics for $50 and 1,000,000 traffics for $500.
So, you spent your hard-earned money to buy their website traffics services.
They told you it would take about a month for them to deliver all the website traffics and that a report and proof will be sent to you after the website traffics were sent to your website.
So you waited for a month, but at the end, you did not get even one sale, even though the traffic company claimed they had sent 1,000,000 website traffics to your website and also gave you a proof for it.
What you did not realize was that, yes, they sent 1,000,000 hits to your website, but they were computer generated (using a script). They are not real human beings!
That was the reason why you did not generate even one sale.
You had been conned and ripped off!
So, you felt angry, scammed and frustrated.
Therefore, you decided to try to get website traffics from the search engines.
So, you squandered $5000 to attend seminars by the so-called internet- marketing gurus and spent a lot of time reading all their hare-brained silly e-books and listening to their audio tapes and watching their videos.
From all these you probably learned how to optimize your website, do link exchange and submit your website to search engines.
But what happened after you did all these as they instructed you to do?
To your horror, you discovered that the major search engines would not even index your website for at least 6 months!
That is what is called being sandboxed.
They placed your website on probation for at least 6 months.
So, there was no way for you to get any website traffics for at lest 6 months.
Your website had not been included in the databases of the major search engines.
So, since there was nothing you could do about that, you decided to wait.
You waited and waited for 6 months.
Then luckily, finally in about 8 months they indexed it.
Therefore, you started expecting website traffics and hits from the search engines so you could finally start making sales and earning income.
But what happened when you checked your keywords positions in the major search engines?
You became shocked to discover that the largest corporations dominated all your keywords and your website could not be found in the top 100 websites in the search results!
Holy mackerel, you moaned.
No wonder you were not getting any website traffics, hits or making any sales!
Ouch. That hurts.
It was then about 1 yr since you started making efforts to earn income from a home based business program.
At that point, you were angry, frustrated and disappointed.
Who would blame you?
Nobody enjoys failure.
So you decided to fight on by hiring a website search engine optimization company (SEO or SEM) to do all the work for you so you could get to the top 10 positions in your keywords and begin to generate traffics and sales.
You plunked down $2,500 for the SEO company to work their SEO "magic" for you, in addition to agreeing to pay another $100-$250 monthly for them to maintain your keyword positions.
They told you that you should not expect any result for at least 3 months-6 months and you had to agree because you had no choice.
If the SEO company you hired was a genuine one and they did their work right, yes, in 3-6 months, you would finally start getting website traffics and sales.
Yahoo! You exclaimed out of excitement.
At last, you finally made it.
You felt happy and wanted to scream and tell the whole world.
Sales were coming in.
You were then able to start paying some of your bills, especially your rent or mortgage, insurance, medical and car loan as well as other payments.
But after 3 months when the major search engines updated their databases, your keyword positions disappeared and suddenly your website traffics as well as your sales screeched to zero!
You were back to where you began a year ago! Zero!
No traffic and no sales, in addition to having spent $2,500 and additional maintenance fee of $100-$200 monthly for about 3 months.
When you phoned the SEO company, they told you that it was not their fault and they would keep charging you $100-$200 monthly as you agreed and that you must have patience because after the next search engine update, your website keyword positions could go back up to the top 10 positions again.
You do not have to go through this. Enough is enough.
This is not how those who are getting rich online are making it.
There is a better way to get rich online without selling your soul to the devil and having a heart attack.
And what is great about it is that there is no website required, no product/services to promote, no search engine optimization needed because there is nothing to sell.
So, you do not need any website traffics or to squander your hard earned money paying website search engine optimization companies $2,500 plus $100-$200 monthly.
This little known but extremely potent and powerful millionaire's secret of creating, preserving and propagating wealth is 100% legal, easy and fun to do.
All you will be required to do will be to open a special "INTERNET FINANCIAL ACCOUNT", click your mouse and enter a "SPECIAL CODE NUMBER", then click your mouse a second time and you make money.
The amount of money you make may vary from $100 every hr to $2,500 daily and even $100,000 monthly.
And you can make fast cash all day, 7 days and 365 days from the comfort of your home or office and from any country in the world.
There is no limitation on how much money that you can make.
It is the fastest and greatest "SECRET" to creating infinite wealth on the internet without doing any work.
Read my lips: no work. Nada. Zip.
This is hot stuff and that may be the reason why you might not have heard about it because the millionaires and the "power elites" who have been using it to create vast wealth without doing any work have hushed it up and jealously hidden it and kept it away from the public.
Can you blame them?
If you wake up tomorrow and discover that there is a goldmine or treasure in the ground under your home, will you place a full-page ad in New York Times newspaper to tell the whole world?
With the millions of dollars which you could potentially make from this $100,000 monthly for life, millionaire's "SECRET", you'll be free like a bird to buy a mansion, with the most lavish and expensive furnishings, jewelry, antiques, electronics, a 50ft yacht, dream luxury cars, pick your choice: Lexus X470, $44,000 Jaguar 2007 S type, Silver Porsche Carrera, $180,000 Ferrari Testarossa, Mercedes 2007 Model S Class, 2007 Rolls Royce Silver Seraph, Bentley Mulsanne S, $220,000 Bentley Arnage Silver Tempest or a flaming red Lamborghini Jalpa!
You can make all your dreams in life to come true, without any hard work!
May these insights into home based business opportunity, online income opportunity, internet wealth secret, internet millionaire secret, shortcut to online wealth, home business internet money making, earn income online, residual auto-pilot cash flow program, website traffics, website sales, affiliate program, website marketing, website search engine optimization, SEO, SEM major search engines, website internet-marketing gurus, help you make millions of dollars and to achieve your life's ambitions and dreams.
Copyright Info:
This article is copyrighted and you may publish this article at your website, in your e-zine (newsletter, blogs) or send it to a friend as long as you retain the author's resource box, including the website address, and refrain from altering the content or using it in any re-direction manipulation scheme.
If you do not agree to these conditions, please do not copy and use this article.
Anyone who violates this condition will be subject to legal action and payment of damages for violation of our copyrights. Thank you.
Ikey Benney
Time Leverage - The Secret of Passive Income
The choice to go into business for yourself is usually made because you're sick of working for everyone else. You realize that you can make more money without the headaches if you take advantage of a few passive income opportunities. Yet, you're a bit skeptical about how to fully benefit from passive income and how to make it work for you. Well, time leverage is the secret of passive income.
For you to get the best out of the passive income experience, you have to fully understand what passive income is. This type of income is generated from work that you only put a small amount of time into or only perform one time. Passive income should also be called "smart income". It's designed for maximum income on minimum effort. Using its secret will ensure your success.
Online Advertising Since time leverage is the secret of passive income, a way to save time and generate money is take advantage of the need of others to advertise their own business or products. Or you can take the time to advertise someone else's. If you have a website, you can rent space to others that they can use to advertise their sites for a small fee. Or, you can spend a few hours placing someone else's links and collect commissions from every sale made via your personal links.
Multilevel Marketing Starting a business that is structured in tiers is another example of time leverage. In this instance, this is the secret being used to its fullest capacity. A multilevel marketing business is designed so that a leader, who is contracted to sell a company's goods or services; builds a team of people to work beneath them. The leader will then reap the rewards of their own sales and the sales of the people on their team. With the right size team, the leader won't really have to continue to make high sales if they don't want to. They can supplement their income through the sales of others.
Real Estate Another key example of time leverage being used in regards to passive income is real estate investments. When you buy real estate to use as rental property, how much work do you really have to do to collect your rent? You sign a lease agreement with a tenant and collect your rent every month. Of course, maintenance of the rental property is mandatory; but are you really going to do that work yourself. No! You'll hire someone else to do it.
eBooks eBooks sell themselves. All you have to do is write it. Truth be told, it doesn't have to be a novel. Putting a "How To" on the market will generate income if you choose the right topic. All of the work is done in creating the actual book. The eBook will sell as long as it's live on the market. As long as it's selling, you'll be collecting.
If working hard isn't paying off, creating passive income streams can work for you. Researching the thousands of opportunities will help you find options to take advantage of. Keep in mind that the goal is to get paid well, for a little bit of good work. You're not supposed to do any more here, than you are already doing on your job. You should be doing less.
Time leverage is the secret of passive income. When you use your time wisely and to your advantage, you can build a massive stream of passive income that will continue long after your part is finished. So, stop using your time killing yourself, doing a bunch of work for nothing. Use it to do a little bit of work, for everything.
For you to get the best out of the passive income experience, you have to fully understand what passive income is. This type of income is generated from work that you only put a small amount of time into or only perform one time. Passive income should also be called "smart income". It's designed for maximum income on minimum effort. Using its secret will ensure your success.
Online Advertising Since time leverage is the secret of passive income, a way to save time and generate money is take advantage of the need of others to advertise their own business or products. Or you can take the time to advertise someone else's. If you have a website, you can rent space to others that they can use to advertise their sites for a small fee. Or, you can spend a few hours placing someone else's links and collect commissions from every sale made via your personal links.
Multilevel Marketing Starting a business that is structured in tiers is another example of time leverage. In this instance, this is the secret being used to its fullest capacity. A multilevel marketing business is designed so that a leader, who is contracted to sell a company's goods or services; builds a team of people to work beneath them. The leader will then reap the rewards of their own sales and the sales of the people on their team. With the right size team, the leader won't really have to continue to make high sales if they don't want to. They can supplement their income through the sales of others.
Real Estate Another key example of time leverage being used in regards to passive income is real estate investments. When you buy real estate to use as rental property, how much work do you really have to do to collect your rent? You sign a lease agreement with a tenant and collect your rent every month. Of course, maintenance of the rental property is mandatory; but are you really going to do that work yourself. No! You'll hire someone else to do it.
eBooks eBooks sell themselves. All you have to do is write it. Truth be told, it doesn't have to be a novel. Putting a "How To" on the market will generate income if you choose the right topic. All of the work is done in creating the actual book. The eBook will sell as long as it's live on the market. As long as it's selling, you'll be collecting.
If working hard isn't paying off, creating passive income streams can work for you. Researching the thousands of opportunities will help you find options to take advantage of. Keep in mind that the goal is to get paid well, for a little bit of good work. You're not supposed to do any more here, than you are already doing on your job. You should be doing less.
Time leverage is the secret of passive income. When you use your time wisely and to your advantage, you can build a massive stream of passive income that will continue long after your part is finished. So, stop using your time killing yourself, doing a bunch of work for nothing. Use it to do a little bit of work, for everything.
Disability Income Insurance - Three Underwriting Secrets
You successfully secured an appointment, made the case for disability income insurance, overcame the price objections and submitted the application. Now all that's left to do is sit back and wait for the commission, right? Hopefully. Unfortunately, many agents find that submitting the application is the first in a series of grueling underwriting steps that end with long and confusing client conversations about disability income insurance exclusions, class changes and premium hikes. What's a hard-working agent to do? In five words: Give underwriters what they want.
So, what DO disability underwriters want? It is really quite simple. They want accurate information in three critical areas: 1. Current income 2. Occupational class 3. Medical history
Secret #1: Ask the right income questions and then carefully manage disability income expectations. A good rule of thumb for determining a disability income benefit amount is to calculate 60 percent of a client's gross income. However, the gross income level may not be what it seems. The key is to ask your client to come to the appointment with answers to these crucial questions:
1. Are you self-employed or do you work for someone else? 2. If you work for someone else: What percentage of your income is from base pay? What percentage is from commissions or bonuses? a. If 100 percent base pay: What are your documented gross earnings for the past six months? Get one pay stub that shows six months of history or the multiple paychecks needed to document six months. Last year's 1040 form and supporting W-2s may also be used. b. If mixture of base pay, commissions and bonuses: At the end of last year, what did your 1040 tax form show for your annual earnings? This is normally reported on page one as W-2 earnings. 3. If self-employed: At the end of last year, what did your 1040 tax form show for your NET annual earnings as reported on Schedules C or E plus W-2, if applicable? How about the year before?
Use the last year's W-2 figure as the gross pay to estimate the disability income benefit amount. So, if the client earns $75,000 per year, the monthly gross income is $6,250 and the 60 percent ballpark would be $3,750. From there, explain that each carrier applies maximum disability income benefit levels, based upon the client's occupational class and medical history. In this example, most disability income insurance carriers would provide a maximum base benefit amount of $2,780 and a SSI rider of $1,170 resulting in a total disability income benefit amount of $3,950 - pretty close to the 60 percent ballpark. However, that's assuming a typical occupational class and medical history. When meeting with your client, it's best to stay general until you have been informed of his/her actual earned income.
Secret #2: Obtain a clear understanding of the client's occupational duties. Many disability producers write down the client's job title without asking questions about the duties performed. The duties performed (not the job title) determine the occupational class and the premium charged. For example, one agent submitted an application for an Oil Company Owner. Initially, that would suggest a 5A class with the most favorable rates. However, after learning the job duties, the underwriters determined that the applicant was really an Owner-Operator of a gas station, with an A classification. This occupational class change more than doubled the price of the disability income insurance plan!
Lesson learned: Always look at the duties - not the title!
Secret #3: Be thorough with medical information. This is no time to be shy. Tell your client that it's important to be forthcoming about any and all medical conditions. The client can either give you the information directly, or, use the telephone application option to provide his/her medical information to the carrier. It's best to know about medical impairments up front so we can shop for coverage from carriers that accept medically impaired risks.
Not Recommended: • Copying medical information off old medical exams from prior files. • Assuming no change in medical history without specifically asking the questions. • Providing only the last name of doctors consulted without phone and address. • Providing only sketchy info about treatment, dates, prescriptions, recovery/resolution.
Strongly Recommended: • Tell your client that taking five minutes to carefully record up-to-date medical information today will save weeks in the underwriting process. • Ask every question on the medical section of the application, even if the client is being examined. • Allow us to cut down on the time it takes to get an APS by providing the info needed up front without waiting for the exam. • When a question is answered "yes," get the dates treatment was provided, medicines prescribed and the issue resolution. Also include the name and contact information for the practitioner consulted.
Three Secrets Add up to Disability Income Insurance Underwriting Success When it comes to making friends with underwriting, there truly are no shortcuts. Each of the three secrets has one common ingredient: Thorough and accurate information. Increased preparation leads to increased disability income insurance approval rates every time. Don't be afraid to ask your clients for the necessary documentation. Yes, it can be uncomfortable. But remember, they provide a lot more information than that every time they apply for a home loan. Considering the potential risks and the potential benefits, it's well worth the time.
So, what DO disability underwriters want? It is really quite simple. They want accurate information in three critical areas: 1. Current income 2. Occupational class 3. Medical history
Secret #1: Ask the right income questions and then carefully manage disability income expectations. A good rule of thumb for determining a disability income benefit amount is to calculate 60 percent of a client's gross income. However, the gross income level may not be what it seems. The key is to ask your client to come to the appointment with answers to these crucial questions:
1. Are you self-employed or do you work for someone else? 2. If you work for someone else: What percentage of your income is from base pay? What percentage is from commissions or bonuses? a. If 100 percent base pay: What are your documented gross earnings for the past six months? Get one pay stub that shows six months of history or the multiple paychecks needed to document six months. Last year's 1040 form and supporting W-2s may also be used. b. If mixture of base pay, commissions and bonuses: At the end of last year, what did your 1040 tax form show for your annual earnings? This is normally reported on page one as W-2 earnings. 3. If self-employed: At the end of last year, what did your 1040 tax form show for your NET annual earnings as reported on Schedules C or E plus W-2, if applicable? How about the year before?
Use the last year's W-2 figure as the gross pay to estimate the disability income benefit amount. So, if the client earns $75,000 per year, the monthly gross income is $6,250 and the 60 percent ballpark would be $3,750. From there, explain that each carrier applies maximum disability income benefit levels, based upon the client's occupational class and medical history. In this example, most disability income insurance carriers would provide a maximum base benefit amount of $2,780 and a SSI rider of $1,170 resulting in a total disability income benefit amount of $3,950 - pretty close to the 60 percent ballpark. However, that's assuming a typical occupational class and medical history. When meeting with your client, it's best to stay general until you have been informed of his/her actual earned income.
Secret #2: Obtain a clear understanding of the client's occupational duties. Many disability producers write down the client's job title without asking questions about the duties performed. The duties performed (not the job title) determine the occupational class and the premium charged. For example, one agent submitted an application for an Oil Company Owner. Initially, that would suggest a 5A class with the most favorable rates. However, after learning the job duties, the underwriters determined that the applicant was really an Owner-Operator of a gas station, with an A classification. This occupational class change more than doubled the price of the disability income insurance plan!
Lesson learned: Always look at the duties - not the title!
Secret #3: Be thorough with medical information. This is no time to be shy. Tell your client that it's important to be forthcoming about any and all medical conditions. The client can either give you the information directly, or, use the telephone application option to provide his/her medical information to the carrier. It's best to know about medical impairments up front so we can shop for coverage from carriers that accept medically impaired risks.
Not Recommended: • Copying medical information off old medical exams from prior files. • Assuming no change in medical history without specifically asking the questions. • Providing only the last name of doctors consulted without phone and address. • Providing only sketchy info about treatment, dates, prescriptions, recovery/resolution.
Strongly Recommended: • Tell your client that taking five minutes to carefully record up-to-date medical information today will save weeks in the underwriting process. • Ask every question on the medical section of the application, even if the client is being examined. • Allow us to cut down on the time it takes to get an APS by providing the info needed up front without waiting for the exam. • When a question is answered "yes," get the dates treatment was provided, medicines prescribed and the issue resolution. Also include the name and contact information for the practitioner consulted.
Three Secrets Add up to Disability Income Insurance Underwriting Success When it comes to making friends with underwriting, there truly are no shortcuts. Each of the three secrets has one common ingredient: Thorough and accurate information. Increased preparation leads to increased disability income insurance approval rates every time. Don't be afraid to ask your clients for the necessary documentation. Yes, it can be uncomfortable. But remember, they provide a lot more information than that every time they apply for a home loan. Considering the potential risks and the potential benefits, it's well worth the time.
How to Be a Millionaire by 30 - Millionaire Secret Revealed
Congratulations! You have set yourself a goal to achieve $1,000,000 by age 30. You know what? Having a clear financial goal already gives you a good head start compared to your peers. The next thing you must know is how to achieve your goal. So now I am going help you by revealing the most powerful millionaire secret. Once you understand it, you will realize that becoming a millionaire by age 30 is not as difficult as what many people think.
There is only one formula to the millionaire secret. Yes, just one but it is the most important principle that every wealth and abundance creator must know in order to succeed. If you are ready, here it is:
Income = Time x Value x Scalability
What the formula says is, your income depends on how much value you create, how much time you spend creating that value and how much you can scale up your success. Quite simple, isn't it? However, it is so powerful that anyone who applies it will see immediate increase in income. To show you how it works, we will use an example.
How it Works
For the moment, let's just pretend that you want to earn some extra income by giving one-to-one tuition. You are willing to teach for 2 hours every day at $20 per hour. In a month of 30 days, you will have an additional income of $1,200.
Time
You want to be a millionaire by 30. You know that in order to increase your income you have to take more tuition jobs. So instead of teaching only 2 hours per day, you teach 4 hours everyday. Your income increases accordingly to $2,400.
This is what most people will do to increase their income. They take on more jobs and work longer hours. However, there is a limit to how far this can go. Everybody has only 24 hours a day.
Value
Value is what separates the rich from the poor. When you become an expert in an area, your value increases, so will your income. Let's go back to our tuition teacher example.
Say, one day you discover a brilliant method that can help your students to score straight As in their exams. Your students and their parents are more than willing to pay you $50 per hour for your tuition session. By increasing your value, your extra income jumped to $6,000 per month. Rejoice!
Scalability
Scalability is the most important factor that will turbo-charge your income. It is also what separates the rich from the super-rich. Using the same example, instead of one-to-one session, you decide to teach in small groups. If there are 5 students in a group, your monthly income will explode to $30,000. This is what many people are earning in one entire year!
Can you imagine what if the tuition teacher increases the class size to 10, or even 20, students? Let me do the maths for you. With 20 students, each paying you $50 per hour and you work 4 hours every day for 30 days in a month... your income is a hefty $120,000 per month! You go figure out how much that will be for one year.
In fact, this formula does not only apply to tuition teachers. You can use it in any job, any career and any business. Just spend a minute to think how you can apply it in your life now. Can you begin to see how becoming a millionaire by 30 is going to be a reality for you?
There is only one formula to the millionaire secret. Yes, just one but it is the most important principle that every wealth and abundance creator must know in order to succeed. If you are ready, here it is:
Income = Time x Value x Scalability
What the formula says is, your income depends on how much value you create, how much time you spend creating that value and how much you can scale up your success. Quite simple, isn't it? However, it is so powerful that anyone who applies it will see immediate increase in income. To show you how it works, we will use an example.
How it Works
For the moment, let's just pretend that you want to earn some extra income by giving one-to-one tuition. You are willing to teach for 2 hours every day at $20 per hour. In a month of 30 days, you will have an additional income of $1,200.
Time
You want to be a millionaire by 30. You know that in order to increase your income you have to take more tuition jobs. So instead of teaching only 2 hours per day, you teach 4 hours everyday. Your income increases accordingly to $2,400.
This is what most people will do to increase their income. They take on more jobs and work longer hours. However, there is a limit to how far this can go. Everybody has only 24 hours a day.
Value
Value is what separates the rich from the poor. When you become an expert in an area, your value increases, so will your income. Let's go back to our tuition teacher example.
Say, one day you discover a brilliant method that can help your students to score straight As in their exams. Your students and their parents are more than willing to pay you $50 per hour for your tuition session. By increasing your value, your extra income jumped to $6,000 per month. Rejoice!
Scalability
Scalability is the most important factor that will turbo-charge your income. It is also what separates the rich from the super-rich. Using the same example, instead of one-to-one session, you decide to teach in small groups. If there are 5 students in a group, your monthly income will explode to $30,000. This is what many people are earning in one entire year!
Can you imagine what if the tuition teacher increases the class size to 10, or even 20, students? Let me do the maths for you. With 20 students, each paying you $50 per hour and you work 4 hours every day for 30 days in a month... your income is a hefty $120,000 per month! You go figure out how much that will be for one year.
In fact, this formula does not only apply to tuition teachers. You can use it in any job, any career and any business. Just spend a minute to think how you can apply it in your life now. Can you begin to see how becoming a millionaire by 30 is going to be a reality for you?
Make Residual Income Online - Free MLM Secrets Revealed
How easy can you make residual income online? Better yet is it even possible to create a residual income that actually grows with time?
The answer to both these questions, is YES, if you have the right tools that work for you.
You have the power to make residual income online, with my free MLM secrets revealed to you in just a few sentences ahead.
The key thing to understand before you start doing anything to make a residual income online is that you have to drive traffic to whatever it is that you are marketing.
For example if you are just marketing your company's products, and you want to make a residual income online off of them, then you have to make sure that your customers are signing up for the auto ship and continue to stay on it, so that month after month your residual income online keeps growing.
Some of my other free mlm secrets revealed to you are, don't just focus on selling your company's products, but also build teams of business builders who also do the say as you are doing.
Teach your team everything you know and help them improve, better yet master these skills, because when you think about it, there are people out there who are naturally good and better at certain things than you are. So use them to your advantage, especially when they are a part of your team. If they perform better, that will only make you look good and increase your residual income online over time that much faster.
If you leave with only one thing, I want that to be, to not be afraid to teach and share your secrets with others, because as you reap you will sow. Besides its a lot better to give and be praised for your unlimited giving to others, and personally see the results in others.
The answer to both these questions, is YES, if you have the right tools that work for you.
You have the power to make residual income online, with my free MLM secrets revealed to you in just a few sentences ahead.
The key thing to understand before you start doing anything to make a residual income online is that you have to drive traffic to whatever it is that you are marketing.
For example if you are just marketing your company's products, and you want to make a residual income online off of them, then you have to make sure that your customers are signing up for the auto ship and continue to stay on it, so that month after month your residual income online keeps growing.
Some of my other free mlm secrets revealed to you are, don't just focus on selling your company's products, but also build teams of business builders who also do the say as you are doing.
Teach your team everything you know and help them improve, better yet master these skills, because when you think about it, there are people out there who are naturally good and better at certain things than you are. So use them to your advantage, especially when they are a part of your team. If they perform better, that will only make you look good and increase your residual income online over time that much faster.
If you leave with only one thing, I want that to be, to not be afraid to teach and share your secrets with others, because as you reap you will sow. Besides its a lot better to give and be praised for your unlimited giving to others, and personally see the results in others.
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