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 youre 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: Rent space for banners or links
5.- Include Google Campaigns (AdWords, AdSense): the number of visitors that click on the advertising says how much you earn.
6.- If you are an expert in your field, create a membership site, and charge for your services.
7.- 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.
Chen ZarzaWebmaster and Project leader,20+ experience in the information technology world.He has developed financial systems for several years.Background: Databases, Web , Finances
Be a Winner! Answer the Challenge! An e-course is a sequence of emails set up to be delivered automatically without any effort on your part after the initial set up. Just set it and forget it. Setting up a free e-course is a great way to keep your services on top of mind and educate people about what you can do for them.
I highly suggest you subscribe to other peoples e-courses in your field and study what information they offer too. Psst! To make this e-course work, youll need a sequential autoresponder service. I use http://www.clickstartcart.com. (Its an entire shopping cart system, but I actually signed up with them initially because of the sequential autoresponders. They have a free 30 day trial).
HERES HOW TO GET STARTED
STEP ONE: Outline your topics. First you have to figure out what you think people would want to know about. Do a brainstorm exercise where you limit yourself to 5 minutes (use a timer). Write down all the topics you can think of on your area of expertise. Then edit down what you think is most relevant. For example, heres the basic outline of my free e-course on copywriting.
STEP TWO: Go deeper in each subject. Really provide some content here.
Make 2-3 points about each topic. Dont be afraid to do some hardcore research. Find statistics and trends and use them. Two of my favorite resources for current info are http://answers.google.com/answers/ and http://www.ceoexpress.com. Your message doesnt have to be long, just information-packed. You have the attention of people who asked to learn from you. So give them something valuable.
STEP THREE: Tease them till next time. After youve educated them, let them know that the next lesson will have something even more mouthwatering. The less specific you are, the more tantalizing the copy. Here are some teaser phrases I used in my e-course. Feel free to swipe versions of them for your own use:
STEP FOUR: Sign off. End your email like a real letter with a closing like sincerely, your name, business and some ways to get a hold of you. Add your website and any tagline you use too.
STEP FIVE: P.S. Alert them to your other products or services. You have something to sell, right But the purpose of your e-course is to educate and develop a relationship, isnt it Dont worry. You can do both. As long as youre giving good content, people often like to know if you have something else to buy they would be interested in. For a gentle call to action, I recommend putting a product link with very little text in the P.S. (Studies show that people read the headline first THEN the PS. Weird, huh But its true.)
So to recap. Follow up is one of the biggest problems in doing business. Autoresponders do it effortlessly.
THE CHALLENGE Write your 7 day e-course and have it ready to go in 7 days. For sequential autoresponders, again, I recommend http://www.clickstartcart.com. Writing a free e-course is a great way to get business. And youll use it for years with only minor tweaks. It gives people a reason to go to your page. Best of all, they get to test drive your material at no risk. Autoresponders save you time and make you look professional. I cant wait to read YOUR free e-course!
Author Blog: http://www.red-hot-copy.com/blog.htm
World class copywriter, Lorrie Morgan-Ferrero is the author of the highly acclaimed home study course, Red Hot Copy to Woo Your Target Market and founder of the online copywriting school Red Hot Copywriting Bootcamp, ( ). Learn insider secrets to great copywriting from a pro whos been in the trenches with Lorries f^ree ezine, Copywriting TNT. Sign up at