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Making Money out of your First Effort
by: Chen Zarza
Have this phrase broken through your life at least once? I think so, most of us want to be paid when we are sleeping, resting or on vacations. Is there a way to turn your dream into a reality? As a matter of fact, it is possible…

Here is the answer you are waiting for: Passive income. You get money for your previous efforts. "You earn money while you sleep".

Let me explain what I mean; in general we have two categories of income:

- Active income
- Passive income

Active income means: You get money from business participation (salary, dividends, interest, capital, bonuses…)
Passive income means: You get revenue that does not demand your direct involvement, at least after your first work.

Would you like to have more time to do the things you love? Passive income comes and rescues you, giving you the chance to begin a quality life. It offers you economic freedom, and much, much more. What are the benefits?

1.- Requires from you only a first effort
2.- After starting, it works in auto pilot
3.- Decide when, and where you work
4.- Multiple income streams
5.- Free time, used it as you want
6.- Secure your life...

Some sources of passive income include:

- Royalties (from patents…)
- Network Marketing
- Income from a standalone business
- Property rentals
- Investments
- Creative Work
- Insurance renews
- CD (Audio, Video) Sales
- E-book Sales
- Software Products...

Whether you're just starting a business, or running it from time now, start shifting your model to create more passive income, and soon, you can achieve personal and financial freedom.

Passive income is more common in the off-line world; people says “around 80% of passive income scenarios stem from real estate investments”. Despite this fact, there are interesting alternatives if you are running an online business.

1.- Affiliate Programs – Look for companies that offer large commissions, and track clients for multiple sales over a long period of time, preferable lifetime commissions .
2.- Your own informational product - You can create an e-book and sell it on the Web. It is a fact; People needs and wants information.
3.- Software products – Are you a software developer, or have a developer team, or have a good idea and hire someone else to carry out it? This is your golden chance.
4.- Do You have a site that attract visitors? You have some advantages:
a.-Rent space for banners or links
b.-Include Google Campaigns (AdWords, AdSense): the number of visitors that click on the advertising says how much you earn.
5.- If you are an expert in your field, create a membership site, and charge for your services.
6.- Resell services: such as hosting, domains…

You have different choices to create passive income across a diversified amount of opportunities. It may be income coming from the same customers, or revenew from new customers. It may require no personal involvement whatsoever, such as an e-book, or software sold on a web site.

Building multiple passive income streams is the best way to secure yourself for the future. Protect yourself against eventualities, plan for the coming events.

About the author:
Chen Zarza
Webmaster and Project leader,
20+ experience in the information technology world.
He has developed financial systems for several years.
Background: Databases, Web , Finances
http://www.kaizensoft.com


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 Network Marketing Do's and Don'ts
 by: Nial Robbins

Why did you become a network marketer? Most people immediately respond, “for the money!” However, this is not the real reason.

No one subjects them to the hard work of building a business just for little pieces of paper with the faces of dead presidents. The truth is you work in order to obtain what those little pieces of paper can bring you.

The first thing you need to do is to find the reason WHY you are a network marketer. Is it the freedom to choose whatever you want to do whenever you want to do it? Maybe you are looking for a different lifestyle. If there is one thing that is critical to your network marketing success, this is it. If you don’t have a reason, there is no motivation to succeed.

A network marketing business is a teaching and coaching business. If you don’t like interaction with other people, a network marketing business probably is not for you. There’s a concept that most network marketers just can’t seem to get a handle on. You do not sponsor “reps,” you sponsor “people!”

If you have to find a reason why you are building your business, then doesn’t it stand to reason that other people will have to do the same thing? If that’s the case, then why is it that network marketers continually focus on how much money your prospect can earn?

There’s no way you are going to convince “Joe Sixpack,” to get out of his Lazyboy recliner unless you find out what his motivation is. Most network marketers literally pound in the amount of money Joe can earn. They bombard him with message after message about how “Successful Sam” has just purchased his 10th Porsche, refurnished his 25,000 square foot cottage and promise Joe that he can do the same!

Just how realistic is this approach? Joe isn’t stupid. He works long, hard hours at his job in order to provide for his family and truly believes that the best thing he can hope for is saving enough money by summer to pay for a camping trip. Then here you come, promising Joe that he can have everything that Sam has and he can have it if he will just sign that piece of paper making you his sponsor!

You will probably sponsor a few people that way, but if you are in business for the long haul you need to change your approach and do it fast.

The proper approach is so simple, but in your rush to sponsor another “rep” instead of helping another person, all too often you talk yourself into and straight out of sponsoring the Joes of the world.

God gave you two ears and one mouth and he did it for a reason. We are supposed to “listen” twice as much as we “speak.”

Instead of pouncing on Joe with the latest and greatest network marketing program of all time, find out what Joe wants and needs. Ask him questions, lots of questions. In fact, in your first meeting with Joe, don’t even mention your business! Yes, that’s what I said. Don’t even bring it up. Remove yourself from the super duper network marketing persona and spend time making a new friend.

Follow these recommendations and you are set to grow your business exponentially.

NOTE: You have full permission to reprint this article within your website or newsletter as long as you leave the article fully intact and include the "About The Author" resource box. Thanks! :-


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