finding an opportunity
Teach a Man to be Duplicatable and his efforts are Multiplied.
Residual income has become a very common topic for people in the world today but what really is the best residual income opportunity out there? That’s a little bit of a tough question to answer because there are so many different types of residual income. If we define residual income this should help us find the best residual income opportunity. Simply put, residual income is defined as making some sort of a sale once and you continually get paid from that sale in regular intervals afterwards.
By taking that residual income definition, we can look around and see thousands of different types of residual income. So what is the best residual income opportunity? The best would have to be the network marketing industry.
With all the different types of residual income out there, network marketing gives the average person the greatest chance to create a residual income business that spits off lots of cash. In the network marketing industry, you end up getting residual income in 2 ways.
One way to get residual income is when you make a sale of your product. Typically, the products are consumable, meaning they run out, and then the person comes back and buys more. You sold them on the benefits once and they automatically come back for more. The second way is when you train someone to do what you just did and they make a sale, you taught and helped them make that sale so you get a cut too.
To get the easy residual income from network marketing, it takes setting up your system correctly and some time. After that, the cheques just keep rolling in and they get bigger and bigger. Just as your business duplicates it’s income – if you to become like your business and teach your business partners to do the same – all your efforts and income are then Multiplied!
Because of the nature of how network marketing is designed, it’s clearly the best residual income opportunity in the world.
Are you looking for the Holy Grail? Then you Want Passive Income!
What are some examples of passive income? Well many people argue that there is no such thing, that in order for you to make money then real wealth must be generated in the form of work or labor at some point. While this might be true, we can still put things on a continuum of passive income on one end, and active work on the other end.
For example, earning interest on a big pile of savings is pretty much 100 percent passive. Likewise, if you own a business and you pay someone a salary to manage and handle all aspects of that business, then the money earned from that business is pretty much passive. The only thing you have to do is “manage the manager.” It’s entirely hands off for you and for the most part you don’t have to lift a finger.
And of course there is the other end of the spectrum where you are slaving away for 40 hours plus each week at your day job, trading away the hours of your life for dollars so that you can continue to live in comfort. That is the ugly end of the spectrum, the one that all of you probably know too well.
So how can we shift towards more passive income? How can we get off the slave labor merry-go-round?
What are some of these coveted passive income opportunities?
In order to uncover those and pursue them, you will have to do some upfront work. Yes this goes against the idea of “passive” but essentially we want to build a money making system that continues to pay us over and over again.
One way to do that is with vending machines. Buy some vending machines, fill them with stock, secure a location for them, and let the money roll in. Yes there are some steps involved there, as well as some up front investment, but there are people out there who make a good living with this. There is also maintenance involved as you either have to stock the machines and collect the money yourself or pay someone else to do it. But it’s an idea; a system that can be scaled out to generate alternate income.
The internet provides systems like this that are ripe for passive income. Anyone can start a blog for free and then monetize it with advertisements. If you can build traffic to such a website then you can make money from the advertising. The beauty of a system like this is that there is almost infinite scale and an infinite amount of topics with which to target. Not only that but you can certainly learn how to do all this for free simply by browsing the web.
It is true that such a system is not passive but it is quite a ways down the scale towards being passive. If you can build up a network of money making websites then eventually you can pay someone else to manage them for you and the income will be truly passive at that point. As it is now I have a very respectable part time income coming in from only three and half hours of work per week using these ideas.
Earning Residual Income – is easier than you think….
Signing up for an affiliate program usually only takes a few minutes and once you have an affiliate link you can start earning commissions immediately. Many people think that residual income takes a long time for results but in fact can be very fast because you earn commissions on the first sale as well and not just the re-orders and re-bills.
Earning residual income is as easy as getting people to click your link and place an order or start a subscription with the merchant. You can include affiliate links and product recommendations in newsletters, forum posts, directories, articles, and email marketing.
You’ve probably seen the pyramid schemes and MLM programs advertising fast residual income but that also requires you to pay each month to stay in the program as well as actively recruit new members. Each time a new member joins, you earn residual income from the fees they pay. The idea is that people under you earn you money which is great if you are at the top of the pyramid but terrible if you are lower down where there’s nobody else to recruit. Not only are these programs usually illegal because no product is being interchanged, they can be a losing venture if you don’t recruit enough people to the program. True residual income earns you future money for your past effort. Instead, all money stops as soon as you stop paying your monthly fee.
Earning reliable and free residual income stream from home is totally possible. Lots of businesses offer residual income affiliate programs that anyone can join. Products with monthly subscriptions and re-billing are good examples where businesses are willing to compensate affiliates with residual income commissions for as long as a customer you sent to them continues to subscribe. For example, gambling, web hosting, adult website, and Internet dating merchants are good candidates for offering monthly residual income. But this is just the start. Lots of merchants that don’t have monthly re-billing still offer residual income for returning customers who place re-orders. So a customer who purchases a product today and then returns three months down the road to order again will earn you commissions on both orders. Examples of this type of residual income are jewelers, herbal supplement companies, and clothing stores but the list of merchants is extensive. I recommend you search Google or visit a free residual income directory dedicated to residual income opportunities. I am involved with and use Global Resorts Network as my primary business and for my vacations. It is the best of both worlds; an income generating business and a discount travel repository of 5 Star resorts, cruises, exclusive resorts all for substantial savings.
Earning fast free residual income is as easy as finding a business that offers residual income and having receptive people click your affiliate link. The link works immediately and costs you nothing to use. There are thousands of companies that offer free residual income affiliate programs for a multitude of different products. Once you find one that you’re comfortable with and that’s relevant, all you have to do is get customers from your emails, website, or newsletters to follow your recommendations and purchase from the merchant. Before you know it, you’ll be generating fast free monthly residual income from a home-based business.
The Illusion of Wealth.
Wealth, prosperity, abundance or the illusion thereof that our debt laden society provides, has not led us to have more leisure time, as was forecast a generation ago, nor has it helped us live better lives, build better relationships, or build better businesses and organizations. The average American CEO has a tenure of two years, and one in five North Americans suffers from the physical or emotional ravages of stress.
After our survival needs have been met, success cannot be realized by the simple financial bottom line but is the derivative of the purpose, passion and potential we express in our personal lives and in our jobs.
The fundamental basis for human success can be addressed to the basic human desire to validate our existence not by what we get, but rather by what we can give. Our greatest pain does not come from what we cannot have, but rather from the invalidation that we feel, at not expressing our potential in our lives and our work. Potential that can only be expunged and expressed when we go back to the simple truth that the values that are most near and dear to us are the fabric that builds gratification and significant success. Values that remain more important than ever in a society where stress and discontent fill our lives, our workplaces and our communities. Values that can lead us to create a better bridge between our heads and our hearts, between the power that exists when we align our best self with our best work and focus on our power to create our best world.
Often we are too busy, too pressured or too distracted to think about the basic simple fact that the values that we hold close to heart will EITHER conflict with the way we are living and working and cause us undue stress and inner conflict OR alternatively, we can nurture and grow those values to help us decrease stress and increase success in our lives and our businesses.
It is time to begin again to build our lives, businesses and organizations that mirror the universal values that speak to a evolution of self, an evolution of leadership, and an organic evolution of business organizations — we can do this by creating a values bridge between what is and what can be: a better self, a better life, a better business and a better world.
How much stronger would you feel if you took your best self to work and to play each day, by living the values that you set and that you believe in?
How much more streamlined and efficient would your organization be if you could live and work by your convictions and standards in real life and real time?
Here are five questions to ponder.
Five questions that can help you plant the seeds for more success and less stress:
A. What is your intent/vision and how is this intent channeled in your personal life and your work?
B. What is your greatest fear/stressor and how does this fear/stressor limit your personal and professional vision and your potential?
C. What are your three most important values?
D. What can you do today to eliminate the fear/stress by bringing your three most important values to life in your personal and professional surroundings?
E. When are you going to take action? Today? Tomorrow? Next Week?….
Answer those truthfully and you have taken the first step on your journey to Success.
You will soon be paving your own pathway to enrichment in both your personal and business surroundings.
Remember that it is not so much the goal at the end – but the journey in getting there.
Brand yourself with Passion!
You may wonder what this “personal branding” talk is all about and how it affects you. It actually affects everyone who is running their own business because it is an integral part of the overall marketing effort. What every marketer aims for is mindshare on the part of their targeted market, and mindshare is created with repetition and with presenting oneself in a unique fashion. The ultimate goal is to become well-known and trusted among your customers and potential customers so that it creates viral marketing momentum.
Consumer products companies have known this for more than 100 years, and the best of them are still around today – Ford, General Electric, RCA, Coca-Cola, John Deere, Johnson & Johnson, 3M, to name just a few. There is great brand loyalty, especially among the lower socio-economic classes, and internet marketers know how valuable their brands are to their bottom line.
Just like everything else in marketing that is connected with building trust, it’s a long-term process. You must prove over and over again that you deserve your customers’ trust. Personal honesty is the best way to build a brand. When you decide on a business that resonates with your inner needs – a business that you feel truly passionate about – building your personal brand will be much easier. Consumers are swamped with hype these days, and they are sick and tired of it. Above everything else, your brand must be believable in order to convince. So make sure that your messages come from the heart, show your passion, and truly connect with your market.
Think carefully about what type of business you start. If you have professional expertise that you gained as an employee, and you are considering marketing your expertise as a consultant, make sure that it is something that you have always enjoyed doing. If not, look for something else that resonates with who you are as a person and will give you plenty of personal satisfaction. You will be working very hard as an entrepreneur – probably harder and longer than you ever did – make it something enjoyable!
Change your Life/Business with these 4 statements.
‘We all have ways of testing opportunities that enter our lives. Some of us dive right in based on feeling, others walk straight in to what we know is right by a gut feeling or intuition. And if it’s not gut feelings or emotions that are the tests of opportunities, it is the logical mind persuading us to ignore those feelings and emotions and test it with our reality of reason.
Do you have a predetermined strategy for testing opportunities, or even more generally to test the actions you take and the choices you make in your lives.
Consider the statement below:
“Of the things we say, think or do:
1. Is it the TRUTH?
2. Is it FAIR to all concerned?
3. Will it build GOODWILL and BETTER FRIENDSHIPS?
4. Will it be BENEFICIAL to all concerned?”
There is an easier way to determine if our choices we make and the opportunities we receive ‘pass the test’. The above statement of business ethics was first created in the 1930s and used to turn around a failing company. These four questions were applied by each employee to each and to every minute detail of the company’s workings. This little list of four questions from Rotary International, a humanitarian business organization, is the most widely printed, translated and reproduced piece of business ethics today:
Because of our societal influences, we most often are inclined to make choices and act based on a competitive mind. This comes from the perspective of lack, scarcity, and ultimately greed.
If we built businesses and our lives based on these simple 4 questions we would be coming from a place the opposite of the competitive mind and the lack mentality. As you can see, these questions prompt you to pick what is true, fair, and nice, making choices that can build friendships and goodwill. It helps us to see how the choices we make can be beneficial to all concerned.
The competitive model encourages people to rely on a source outside of themselves to give them what we require. This denies the power of their own ability to generate what we need. This narrow focus shows we are choosing to ignore the possibility of generating this opportunity in their own lives, instead of trying to win the spot from millions of others.
Any opportunity based on the model of competition will simply not pass the test. Competition promotes strife. It embodies winning. taking it away from all the other people who need it. It misleads people to believing there is only one chance for success, when in reality there is plenty for all. Do you want the whole pie or just a slice of it? Do you share or are you selfish?
I invite you to use these questions to test your actions and opportunities in your life. If you are seeking opportunity, these questions may help you see things in a different way. In doing this, perhaps you might find an opportunity in your life which truly allows you to benefit the world, while simultaneously reaching whatever your dreams, goals, and desires are.
This simple testing technique takes us out of the competitive mind of greed, scarcity and lack. It turns our thoughts and choices toward the positive, realizing there are opportunities we can take that can provide increase for all concerned.’
Wealth Systems – Choosing a Business
Back in the day, when I first decided to have a Home Based Business; I spent a lot of money, I purchased a lot of programs, and wasted time pursuing and working at programs that didn’t work. Now here in the present I know that if I wouldn’t have tried all the stuff that didn’t work then I wouldn’t have the knowledge and fore site to know what will work now. If you have been trying to figure out what to do from home as a home based business you need to read this page. Wealth systems, money making businesses, internet opportunities abound and selecting one takes some vision.
How do you choose a business to work online? Automated wealth systems, money making clubs, ebooks, Clickbank products, reselling other peoples products…..do a search on the web and you will see a plethora of these opportunities. Follow me here and I will provide some tips on how to pick one that you can be proud of and will work for you.
Strong work ethic – Tangible Product – Keeping current with the market:
Do you have a work ethic – is it efficient and productive? Do you get things done? No one knows your work ethic like you. You need to have a consistent and effective process in place. If you don’t then you need to change it so it is. Realize this as well, that you can never know how much money you will make online or the amount of time it will take to make money period. Stay clear of a company that tells you that its possible to become rich with little or no work at all. Your business has to offer something that the people want or need. Something tangible. It needs to scalable and adaptable with the changing times ahead.
Passion – Dedication – Perseverance:
Passion is key to any business – you have to like what you are doing and be able to dedicate yourself to it on a daily basis. Don’t pick a business that you don’t understand or that is not ethical. Even if your passion is making money – you still have to have a product to offer that will make you that money. Might as well make it something that you enjoy. (ie: gardening, sports, travel, health, investments ). You also have to be persistent with your business. Don’t jump in and after one week or one month give up because you haven’t made millions. You have to start with the first sale – your first online dollar. Then progress into making more. Take your time to research the business or opportunity that you are considering. Pick two or three that are suitable to you and compare them – Cost, product, reoccurring costs, is it ethical, and how about long term success. Does the product have longevity in the market. Can it be sold for years to come? Don’t get in because it has a good sales pitch or offers quick results? Any business will take time to get off the ground.
Viewpoints – Belief:
Once you have narrowed down the businesses opportunities that you think you would enjoy doing – picture yourself in this business as a business owner, promoting it, marketing it, becomes wealthy from it. See yourself working from home with no commute and no boss being accountable only to yourself. Then see if others have that same viewpoint. Friends can sometimes be dream-breakers – but they can also offer good insight. ‘Yeah Val – I can see you doing that!’
or ‘Man you would be awesome at that.’ If you believe in yourself – others will believe in you as well.
To Be or Not to be in Business. Working for yourself have many benefits. Tax write offs, unlimited income, time freedom, no boss, no commute and the ability to work from anywhere in the world if you like. Make a list of pro’s and con’s of the business you are considering. Write down what is important to YOU. Also make sure that you are choosing a wealth system or internet marketing opportunity that is ethical, profitable and something that you can be passionate about. Everyone is an individual and unique. So are the many home based businesses out there. Choose wisely.
