Posts Tagged ‘WORKING FROM HOME’

PASSIVE INCOME AND MULTIPLE INCOME STREAMS

August 14th, 2009

You may have read my most recent post when I answered the question WHAT IS PASSIVE INCOME.?

Well, as a postscript to that, someone who saw it has asked whether, or how, that applies to Multiple Income Streams, and I thought I would put some meat on that particular bone so to speak.

As regards the “whether”, the answer is most definitely in the affirmative, and as to the “how”, let me try and explain that.

In the same context that having a job, and absolutely no other source of income, can be very precarious in today’s economic climate, so is it prudent to have more than one alternative income stream if considering a passive income business.

It’s the “all eggs in one basket syndrome” to put it in simple terms. I think most would agree that whereas on the one hand it is not very sensible these days just to rely on your job for financial security, on the other it is most definitely financially sensible to increase your income potential by having more than one source of alternative income.

As already mentioned, these multiple streams can of course all be passive income,  which is ideal. They can even come from the same core business, which again I guess is the ideal for most of us.

The classic business of this type is one which sells multiple products and/or services to multiple markets, and which is “hands-off” as far as you are concerned once your marketing  has been set up. Being “hands-off” means the business will operate in a “passive” mode, whether you are working on it or not, and thus it will produce for you “passive income”.

So, you find yourself not only a business which will give you “passive income”, but also one which ideally will provide you will multiple income streams and which will, as a consequence, increase your earnings potential many times over.

This may prove to be more than another multiple income stream, so you should go check it out -You can access it via this link – all the best!

And What Is Passive Income?

August 11th, 2009

It was our wedding anniversary yesterday, and the whole family went out for a meal last evening.

I think it’s great when a family can get together like that. I truly believe the real joy to be gained from everyone sitting around the same table, talking, catching-up, eating and laughing, has been lost to society today.

But enough of that – let me get to the point.

My son-in-law asked me a question at the dinner table, which at the time did not really strike a chord with me, but it has on reflection, hence this post.

He asked me, when enquiring what my business was about, the direct question – “And what is Passive Income?”

Before I give you my answer to his question, let me go off at something of a tangent just for a moment.

My son-in-law is a very successful guy; works for a military communications supplier and travels the world visiting customers and attending trade fairs etc.  I asked him how prepared he is if the worst happened, and he were to lose his job. We will keep his reply secret, but suffice to say that like most people who work hard, he believes he has very little, if any, time to invest in his financial future, and the thought of him having to set up another business of any kind, is so daunting to him that it simply is not on his immediate radar.

And yet he is the very guy who NEEDS to have some sort of passive income - and let me explain that by giving you my answer to his question.

I told him that PASSIVE INCOME is income which is earned while you are not working at earning it. For example, you could be earning money whilst away, or whilst sleeping, or doing anything else you can imagine.

Let’s stop for a moment here, as if you think I am the sort of guy who suggests you work for 5 minutes and then you can earn while you are sleeping, then you are literally on the wrong page. If that is your belief, then this post is not for you.

I went on to tell him that by building a business, whether you took an already proof-positive turn-key model, or you built one yourself, it needed working on. Free lunches, particularly of the financial variety, are just not on my menu – if you will forgive the awful pun!!

Now whether you spend an hour a day – and we all have that no matter what anyone says – or more time than that, you can be building your passive income business so that eventually it literally WILL start paying you whilst you are sleeping, But work at it you most certainly have to. Although when I say eventually, that timescale is something YOU control, and it can actually be immediate if you decide on the already set-up turn-key business.

One point to finish on. It occurred to me whilst talking with him, that people in general will invest more time and money in their leisure and their recreation, than they will in their futures – and let’s face it, the one certainty about ANY job is that one day you WILL either leave it, or lose it.

A passive income business can be your parachute, your life-saver, should the worst happen. And in the event it really starts to produce that golden passive income you set out to develop, well you now have a nice decision to make i.e. Do I now work at this full-time and pack my job in?. But it will be at a time of YOUR choosing, not of someone else. Nice situation to be in.

And that is why I say above that my son-in-law is the VERY person who NEEDS that passive income business.

One day he will leave or lose his lucrative job. Much better that he decides “the when”.

This is too good for me not to suggest you go have a look at it – it may just fit what you seek today – you can see it via this link!

PASSIVE INCOME COMMON SENSE

August 9th, 2009

 I have had this short article published and I thought it may give you another perspective on the right way to go about getting a proof postiive passive income business.

I hope it stirs the grey matter for you!!

PASSIVE INCOME  – Does It Make Sense To Purchase A Car Part By Part!!?

 
by John J Patterson

 

Why would you buy just an engine when you actually need a car?. What use is just an engine going to be?.

“Not much use at all” would be the sensible reply!.

It is a fact that those seeking to set up an online business will take this approach, buying “bit” products whilst still unable to fit them into an online business model.

Knowing what to do, when to do it and how to do it can take even the smartest person quite a while to grasp.

So if people do not understand the bigger internet picture, why do they keep buying bits of that and bits of this?.

I guess its the continual search for knowledge which drives all of us to want to know, to want to succeed. But the cost to the wallet can be huge, and a lot of times each new program just adds to the confusion.

People will then give up, thoroughly confused and disillusioned with the only winners being those who sell the various programs.

Is there an answer?. Yes, absolutely.

Let’s face it, very few people will buy a car in parts and then fit it all together themselves. But internet marketers do with their business!. However, yes, there is an answer.

We are NOT talking Multi-Level Marketing here by the way, but the answer is to find an already successful, financially proven business which literally can be YOURS, all primed and ready to go,.

All you have to do is just turn the key!.

A successful business, with products people want, websites all set up, autoresponders all set up, all the legals taken care of, merchant system tailored to your requirements, on a domain of your choosing, which YOU own – YOUR own business.

And to put the icing on the cake, all the built in training and mentoring you could possibly want to ensure YOUR business succeeds for YOU.

Just remember that by continually buying program after program, you may end up confusing yourself more and more. And at the end of the day all you will have is a lighter wallet and, to continue the car analogy, a car which still is unable to go anywhere but keeps on eating up your cash.

The author has been growing businesses Internationally most of his working life and has been working online for some years. His total focus now is working with others to help them build their own passive income turnkey businesses.

You too can achieve YOUR own passive business – just let good natural common sense be your guide in deciding how to get started.

The One Thing Which Could Ensure Your On-Line Success

August 5th, 2009

This is an article which I have recently published – hope you find it of interest.

You Will Find Here The One Thing Which Could Ensure Your On-Line Success
by John J Patterson

So what is this one ingredient which supposedly will bring success on-line?.

Imagine if you will what someone goes through when seeking a business on-line.

They scour the internet, get on the mailing lists of the top internet marketers, read all about their products and the promises of what they will do for their own personal wealth, and eventually they will buy one of the programs, and another, and another, and so on it goes.

The programs on sale will most times show what one individual has done, with the suggestion that by simply following this or that video series, you too can enjoy the same success.

It is then regrettable that people find out to their personal cost that the reality of business life on-line is somewhat different to that being portrayed.

A while back, at the request of a friend, I saw a video of a guy who had, in past years, hacked into financial and government agency computers in U.S. and as a result had naturally fallen foul of the authorities.

This guy was literally a computer genius, but he was at least openly admitting what he had done. However, he was by implication suggesting that anyone could earn what he was earning simply by following the program he had put together. At that point, I ceased watching. I will not have my intelligence insulted in that way.

The opposite of this is a year or so back I saw another video of a very reputable internet marketer talking about how he had trained and mentored his cousin and explaining how much money the cousin was now earning as a result.

Now this got my attention. Here was the possible answer I personally had been seeking. This cousin was successful because he had been trained and mentored by someone who was also successful. Personally trained and mentored. One to one training. The light which had gone on in my brain now got brighter and brighter.

I guess by now anyone reading this is with me.

The highly successful Donald Trump is quoted as saying that he found success in life through the mentors he had at various times, and he was further quoted as saying that everyone who seeks success should do the same thing i.e. find their own mentor or mentors.

Experience has told me that it matters not one bit how long anyone has been on-line, or how experienced they are, EVERYONE needs a mentor of some sort if they want to succeed.

Get yourself the business which suits you personally and financially, and then seek a personal mentor, one who will work personally with you. Put those two things together and success can be yours for the asking.

The author has been growing businesses for over 25 years and has been online many years. His focus now is mentoring other people so ANYONE CAN achieve their income targets.

And don’t forget, your experience or inexperience is irrelevant: personal mentoring will ensure your online success – so you can build your home based empire.

This mentoring and coaching can come in many shapes and sizes – for example you may want to check this out – This link will let you have a look at it – it may just fit what you seek today – good luck!

THE 2 ESSENTIAL SECRETS NECESSARY TO CREATE A PASSIVE INCOME WORKING FROM HOME

July 25th, 2009

For reasons which need no explanation in today’s economic
climate, lots of people want to secure their own, and their
family’s future, by having an on-line business, or
businesses, which produce for them a passive income.

The creation of a Passive Income business, and then making
it succeed, is not an insignificant undertaking, and is
generally out of the reach of most people, with many hurdles
which need to be overcome. How to overcome these hurdles is
at the basis of understanding the 2 Essential Secrets.

The first Essential Secret is that you need an Automated
Business, without which any passive income is impossible.

Any online Automated Business needs to include a lot of
important elements, already set up and operational. These
will include everything from websites and products, to a
fully functional online merchant payment system. In essence,
it MUST be a well proven success model.

This is a major task for anyone to set up and, as has
already been mentioned, is beyond the ability of probably
the majority, even if they had the time to invest in doing
it.

Now to the second Essential Secret.

Let us imagine that we do actually have all of the above
set up and our Automated Business is on the internet, just
waiting for the first customer to come along and pay us.

The reality of any Internet Business, and our automated
model is no different, is that it has to be marketed to a
target audience. In order to be able to do that,
personalised training and mentoring is required, and that is
the second Essential Secret.

A lot of information on the Internet would have us believe
that this is as easy as ABC, with the implied suggestion
that if you buy this or that program and just follow a
particular PDF, or video training series, then success will
surely follow.

Reality is a mite different.

What is factual, borne out by extensive personal
experience, is that everyone, irrespective of their
competence on-line, needs a lot of help and personal
training. Even the most successful people will admit to
having had a mentor.

This mentoring should, to have best results, be carried out
by experienced trainers, and be done in one-to-one
situations, each tailored to the specific needs and
requirements of the trainee.

And so these 2 elements are the Essential Secrets for the
successful setting up of a passive income business online
i.e. Personalised Mentoring and Training, allied to a proven
Automated Business.

You may want to check this out as so many people seek the sort of lifestyle which it provides – Just Click Here so you can see it for yourself – and good luck!