residual income
TVI Express vs. Global Resorts Network – I like both!
I just came across a couple of business opportunities that are literally sweeping the web. Both are direct marketing / network marketing based businesses involved with the travel industry.
The first is GRN or Global Resorts Network and it has been around the longest – offering it’s memberships starting way back in 1986. It also has the highest entry cost to get started. At $3000 it is a large sum to pay to get started in a network marketing business. That $3000 also gets you a lifetime membership with GRN and it is transferable. That being said – the pay off is high as well – with the top end commissions being $1000 /sale. There are also commissions on sales made by team members whom are in your organization. Some affiliates with this company are earning high 6 figure incomes. Wtih your membership you have access to discount travel vacations at 3-5 star resorts around the world. There are also tools and resources available to the affiliate to help promote their business.
The other is called TVI Express – Travel Ventures International. TVI is very similar to GRN as they offer discount travel vacations as well – along with other perks and deals through many third party channels. TVI Express is relitively new, opening it’s doors in January 2009. TVI also costs less money to get involved with as well with a one time cost of about $250. TVI uses a different compensation plan where each member is part of a Travel Board and an Express Board which as more people join – cycles and moves you up the board. Once you reach the top or cycle you get paid. Commissions range from $500 to over $10000 depending on which board you are on. TVI is popular due to low cost entry point.
With these types of business plans, marketers can be part of a community that travels the globe, offers a business opportunity and provides a vehicle to supplement one’s income or even replace it. The neat things about these businesses is the travel aspect offered with their membership. Everyone travels and almost everyone would like a discount on their vacations whether it be a flight, all inclusive resort, cruise or hotel. This may or may not be for everyone as there is risk with anything offered on the web.
These days especially with the downturn in the economy, job loss and insecurity in the business sector – people are looking to supplement their incomes. Some part time while keeping their jobs and others are doing it FULL TIME – either by choice or by necessity. You cannot rely on the government or your job to provide you a pension as many have disappeared or been mismanaged; by developing multiple streams of income from a variety of online sources you can not only supplement your income but you can also become financially independent. Online marketers are making high 5 figure incomes and some are into the 6 figures not only with the two businesses discussed above but with many other opportunities that are offered on the web.
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.
Residual Income Programs – Tips on Choosing One!
As in any other area of life, Internet marketing has good and not-so-good aspects. The good aspects are residual income programs that perform what they promise. The not so good are programs that say one thing and do another. There are unreliable enterprises in any business environment, whether online or offline. That’s why it’s important to choose the right residual income program.
What are residual income programs? They are usually affiliate programs where you promote and sell different products and services. These products and services are the brainchild of someone else, not your own creation. You earn commissions for sales performance.
In an affiliate program, you receive a tracking identification code. When someone links from your website, blog, banner or text ad to the affiliate parent site, you earn money. It’s actually simple because the tracking code tells the affiliate parent that you were the one who sent the customer their way. Affiliate programs are residual income programs. They are attractive home-based business options.
Not all residual income programs are alike. What should you consider before you sign up with an affiliate to earn residual income? The following are five things to look for in a residual income program:
Choose a Reputable Residual Income Program
Choose a program that subscribes to the same high standards you have for your own business. Your chances for earning significant residual income are greater when you choose an affiliate partner that has quality products. You also want to choose a company that gives top-notch customer service. They must offer quality service to you and any customers you send to them. You want a company that offers guarantees and warranties. The company must stand behind their product. They must also support their affiliate team who goes into business with them.
Choose a Residual Income Program that Innovates
We’re looking at products and customer service again, from a different angle. You want to choose a residual income program that sells relevant, current products. You do not want to be part of a program that never upgrades their product line. Check to make sure the affiliate program markets products that are not yesterday’s that no one wants, unless you’re dealing in antiques and collectibles.
Concerning customer service, choose an affiliate program that strives to find new ways to serve you. Do they offer excellent resources to help you market better? Are they readily available when you need them? Is their staff knowledgeable to answer questions and concerns you may have about the residual income program?
Choose a Residual Income Program Based on Price
By price here, we’re talking product price. Does the program offer products priced fairly. It doesn’t mean you need bargain-basement product offerings. It does mean the price structure should not gouge consumers. Even if the product is the next best thing to whatever the latest best thing is these days, it should not be over-priced.
Consumers know when someone is taking advantage of them. They will click away from your website quickly once they sense your price is out-of-whack with similar offerings elsewhere. A good residual income program prices appropriately.
Choose a Residual Income Program That Pays Fair Commissions Monthly
You will expend time and effort to promote affiliate products. You will also expend time and energy to mentor your downline placed under you. It’s imperative that your residual income program pay you a fair commission. Twenty-five percent commission and upwards is healthy profit territory. Many programs pay these types of commissions. Look carefully at those who do not pay these levels of commission. They may not be worth your while.
Choose a Residual Income Program with a Proactive Manager
You want a program manager who is interested in your success. When considering a program choose one where the affiliate manager takes the time to connect with you regularly. You want a program manager who keeps in touch offering you marketing tools and resources. You want a manager who organizes affiliate-marketing training sessions. You also want a manager who is there to offer advice when you’re having trouble building your business.
Consider the above when deciding on a program that’s right for you. You will save yourself much grief when you choose a good program right from the start. A residual income program with the above qualities will set you on the right course to Internet marketing success.
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.
