Residual Income Opportunity Blog

A question that many people continue to search for is how to create wealth. Well wouldn’t it be nice if there was some easy method for creating wealth and passive income streams. Well there isn’t any that I know of. If you do give me a quick call or email and fill me in on it.

If you truly do want to create passive income businesses then you need to not spread yourself thin and concentrate on them one at a time. You see once you get into the swing of doing business whether it is online of offline you will notice lots of different income opportunities start to pop up that you feel you want to focus on. Now this is a great thing so why am I writing about it like it’s a problem you may ask?

Well it is a bit of a problem in the sense that if you want to create a true residual income opportunity business that actually makes cash for the long term then you need to put all of your energy into it for it to succeed.

The reason I decided to write this is because I’m a perfect example. When I got into making income online I started to do too many things at once. Some made money some didn’t. But you see the problem was that I was spreading myself thin. Meaning that I didn’t concentrate fully on any of the projects. I just gave each one maybe a day per week. Now think about it. I said some made money right. Well what would happen if I had spend a few solid weeks on each project? You guessed it the ones that now make passive income each and everyday would probably be making a lot more wouldn’t they.

So what I suggest if you are serious about setting up some real passive income projects and learning exactly how to create wealth then choose a maximum of 3 projects to work on at a time. Develop those projects to the point that you’re able to see if they are profitable or not. At that time move on to new projects.

Remember the above doesn’t mean stick to projects if they aren’t making money for you. You still should be doing market research before you get into a project and then dropping it quickly if it doesn’t make you money. For example I have some Adsense sites that only make me a few bucks a week. Do you think I keep working on those? No I leave them alone and move onto new passive income generating blogs and projects!

Most of the readers that come by this blog are trying to earn online income or passive streams in some form or another. The hard part about developing solid and long term income generators is that we often don’t know where to get started and also how to learn how to go about getting that cash flowing in.

Some people may not like me for this post but what the hell let me speak about it a bit. If you want to learn how to become a consultant or build residual income online or offline I recommend that you try out a bunch of online courses and services. Sounds great right but it gets expensive doesn’t it? No, actually it can be free.

That’s what I’d like to talk to you about. It can actually be free and I have learned picked up lots of great information and knowledge about earning passive income online for free in the last year or so.

You see most good courses and services online will offer you a 30 or 60 day money back guarantee when you sign up for their course or service. If you are not satisfied just return it or cancel your membership and you’ll get a full refund.

Of course the people who are selling these courses are hoping that most people are too lazy to cancel or just forget about the 30 day time limit. In my case what I do is mark down the day I should cancel the subscription or return the product and I have never had a problem.

Remember if you ever really enjoy a product and can truly see yourself earning income from it, like most of these courses usually claim then go ahead and keep it because it’s worth it. I believe in paying for products that actually follow through on their promise. The problem is most don’t. True they can teach you some valuable information about making residual income but they often are not comprehensive enough and that is why I recommend the “try and return” strategy of learning online.

Today I’d like to talk about the idea of putting some of our extra “disposable” income into a passive income generator opportunity instead of just throwing our money away purchasing unnecessary items. So what exactly am I talking about right now? Well I want to discuss an attitude that we should take on when actively pursuing residual income opportunities and a wealthy mind state.

On a daily basis what do you usually spend your money on? Take a second to actually think about this. When I asked myself this question before I changed my success and wealth mindset I had been spending a lot of extra income on food related items like coffee, baking, drinks, etc. I would easily drop my hard earned income without thinking too deeply about it. I can happily say that where I now put my money is much different then before.

What we need to actually do is consider every dollar we are spending. This doesn’t mean not enjoying life, but it means trying to cut down on extras that we don’t really need. For example if you buy a $2 coffee at a shop everyday, cut it down to 1 or 2 times a week, go buy a coffee maker and start drinking it at home. You’ll start to save lots of cash. Now with that extra $50-60 a month, take it and invest it in a passive income business, investment, or educational opportunity.

Let me give you an example. Say you want to set up a blog or website with the sole purpose of earning you and online income but you have no knowledge or interest in that area. What can you do? Well you can take that $50-60 that you saved and get a decent writer to research and then produce 1-2 articles a week to put up on this new site.

The above was just one of hundreds of possible examples. Do you see what I’m getting at? This might be a simplified example but I’m sure you can find something in your life you can cut down on and then use that money towards getting a passive income generator moving!

As people interested in earning residual income you need to get into certain habits as I’ve said many times and then start following them through. As the year winds down, for many of us it’s time for a bit of reflection on the past year. If your goal from 2008 was to make more passive income online or offline then where are you at in your goal? If you’re like many people you aren’t exactly at the exact level of financial success that you’d like to be. Well today let’s talk about one thing you should do for 2009 and beyond – set income and attainable wealth goals that you want to reach.

You see one of the reasons that many people aren’t able to achieve the passive income level that they’d like to is because they don’t have a clear idea of what it is they are going after and then the time frame that they would like to achieve that goal within.

What I’d like to recommend today is that you set a 6month, 1 year, 2 year, and then 5 year residual income figure that you’d like to be hitting by those set dates. The reason it’s great to start the process of writing down these goals is just for the fact that the numbers you write down will start to take meaning and shape. They will be figures that you feel some pressure to work towards – and hopefully you will.

Set reasonable goals financial success goals that you can envision yourself hitting. Go big but don’t be too crazy. For example if your goal is to earn income online and you aren’t yet making any money you might want to be a bit conservative starting out.

Your figures also may differ if you are already on a path and earning some income of if you are completely starting from scratch and you have no idea which direction you are heading in. In the case that you are already earning money then you might understand the steps you need to take to hit your residual income goals. In the case of starting from scratch you’ll have to factor some learning time into the equation and understand it will take some time before you start seeing the results you want.

The bottom line is when embarking on this financial success path make sure that you are writing down the numbers that you want to hit. If you are already doing this then great, if not then start by setting a figure for June 2009 and go from there. Good luck and start writing your desired wealth figures down!

Can you folks agree with me that one of the keys to success and setting up residual income streams is time? I don’t know if that is accurate to say because for some people depending on what kind of investments they make or online opportunities they get involved in they can make some good money pretty quickly. What I think it really comes down to though, more precisely, is patience and setting a long term goal that you stick to.

As I’ve mentioned many times before I truly believe that in order to learn how to earn passive income one of the shortcuts is through coaching. Well today I finished a session with a new internet business coach that I’m working with and I must say I felt a bit discouraged. It’s usually the opposite but after speaking with him I could see clearly in front of me that goals I’m trying to achieve in terms of business opportunities, income, and success are most likely going to take time and patience.

One of the reasons I clearly realized this is just because the content he was teaching me was not exactly what I want to do to make money. It is a web model of generating passive income that definitely works but to tell you the truth I don’t see it as a long term income generator. After I hung up the phone I started contemplating about why I felt down but couldn’t figure it out exactly yet.

Later today I was reading a book by Robert Kiyosaki and he was speaking about how successful people are the ones that usually set and then follow long term success and wealth goals and don’t rush to achieve them. They know it will all come with a matter of time. Unsuccessful people chase faster results. I think that happened to me a bit today. I spoke to my coach hoping to hear some magic words but didn’t. Instead I heard about making money in a way that I wasn’t comfortable with so in some ways I was placed back at square one.

Anyway the wealth and success lesson for me out of this is that this whole process is going to take time and that I don’t need to rush it. I’m making at least $10 a day in passive income off the Internet and I’m going to keep working steadily towards my goal of $200 a day off the Internet. I have a long way to go to hit that passive income level but I’ll make it happen because I know success and good opportunities take time to develop.

If you want to set up online success and passive income opportunities on the Internet then you’re going to need to have a solid understanding of how to go about doing keyword research in relation to the competition that is out there.

So today I wanted just to give you some quick tips on how you can go about assessing your competition for keywords that you are wanting to target and rank well for in Google or other search engines. First of all if you’re serious about making income online then make sure you are using the browser Mozilla Firefox. It has great SEO plugins that you can use to do your research.

If you have this browser set up I would download the useful plugin tool SEO Quake. This plugin will tell us some important information when looking at the top few results in Google. The results we’ll be concerned with here are the domains age and also the PR (page rank). I won’t go into how to set it up but this lovely little plug in will display all of that crucial information.

The next step is to take the keyword you are thinking about targeting and type it into good old Google. After we get our results back underneath the top domains the information we need will pop up. Below is the list of factors you should be checking for to see if your chosen keyword is heavy competition and if you have a chance of ranking and making any income with it.

• Domain age (The older the name the more authority they will have)
• Page rank (If page rank is 4 or higher it’s going to be pretty tough to beat quickly and will take more work)
• Is the keyword in the URL (If the keyword is in the url they will get more credit for that keyword too)
• Is the keyword in the website title displayed in Google (If the keyword is in the title means their title is optimized for that keyword)

Basically if a site has all of the four factors above mentioned then they will be fairly tough competition. That being said it doesn’t mean you should be giving up on the keyword that you had chosen and your online success towards making residual income. What it does mean is that you’ll have to work a bit harder. Good luck and more on SEO tips and tricks from me soon!

Have a story for you today about my online income opportunities quest and a big mistake I made today. Yes I learned from the mistake but it definitely cost me some of my hard earned income. Of course I’m really upset about it but as I’ve preached to you before I can’t let problems that pop up slow me down on my road to web wealth and generating a solid passive income.

Now I’ve talked to you folks before that when wanting to get ranked in Google if you have a new domain name it can take a long time because of the “Sandbox”. I’ve spoken about it before but just to review the Google sandbox can go into effect on all new domains under 1 year old. What happens is even if your website is SEO optimized perfectly and you have some links pointing towards your site you may not get found for keyword searches until your site matures a bit and is permitted out of the infamous sandbox.

So as I’ve told you if you are in a rush to be found and start making online passive income with your website businesses and opportunities then you need to seek out pre-owned domains at the website FreshDrop.com. Now if you buy a closeout or expired domain from this site you are fine and your purchased domain name will keep its age.

But what I learned is that if you buy a pre-owned domain off any of the other websites like Afternic, Network Solutions, etc then your new URL’s creation date will get re-set. What this means is that even though it was old it is treated by Google as new and therefore you can still hit the dreaded sandbox.

Well guys today I blew it. I have a business related niche that I want work on related to making residual income and I paid $200 for it. It was great. Keywords in domain, short, nicely aged (6 years), and the list goes on. Today I went to check out the WHOIS info and I saw it says it was created in November 2008. My heart jumped a beat. I thought I had it all figured out and was about to rank well and therefore make some good online income off of this puppy. Well I was wrong and learned a valuable lesson about online business success.

After I saw this I called a friend of mine (an experience Internet marketer) and he told me “yeah if you buy an expired or closeout domain you are fine, but any other aged domain will get re-set”. I’m upset about my $200. Hopefully I can sell this domain since it’s a nice one but I won’t be able to use it for the online income opportunity that I was imagining unless I want to sit around for months waiting in the sandbox. Lessons learned folks. Wanted to share this with you so you don’t do the same thing.

For those of you who want to learn about how to build wealth I recommend you work with wealth advisors. Now when I use the word advisor I’m not talking about a guy that works at a bank or a firm necessarily but more referring to finding yourself either a mentor or a coach of some sort that is willing to work with you on your passive and residual income goals.

I know from experience that when starting out in this field it’s so easy to feel lost and have no sense of direction on how to even get started. Especially if you are concentrating on making income on the internet and getting into business opportunities online you will know exactly what I mean. Anyone just starting out spends countless days and nights wondering if they will ever make any sort of income at all on the web.

Well then I recommend you seek and find yourself a wealth advisor, mentor, or coach that is willing to help you out and work with your towards your goals. Now you might be saying “who would be willing to spend their time with me?” That is a valid question but you’d be surprised how many people out there are willing to actually help out if offered a small sum of money for their time.

I have really succeeded in this area and through persistence and dedication I have found a small number of coaches to work with over the last year or so. Some of them I worked with for only three or four sessions and others more than 10. I must admit to learn some of the methods and receive the support I did have to pay some money and spend lots of time finding the right wealth advisors but it was really worth that effort.

Not only will you save lots of valuable time on your quest for online residual income and passive wealth but you will also start to feel more self confidence if you are working with the right coach. He or she will really be able to help guide you, give you tips on what worked for them and what didn’t. One important thing to remember, although an advisor can give you great tips and give you priceless advice you still need to actually take action and do the work for yourself to see success and results!

Today I want to talk about how your actions whether big or small directly reflect your business success levels and as well as your ability to make residual income or not. A while back I was doing a small online free course developed by the legendary Mark Joyner called Simpleology. Although I never completed the full course and online videos there was one point that I took from the part of the course I did complete that has really stood out in my mind and has worked wonders in my life and path towards earning passive income online.

At one point Mr. Joyner is talking about the results of “actions” and “inactions”. From what I understood of this principle every waking minute of our lives we choose how to spend our time. How we spend our time will directly affect our success levels, the businesses we set up, and in the case of this blog the residual income that you make or don’t make.

Now I know you might be saying of course if I spend my time wisely I can do great things. Yes I agree but the cool thing that I took and have applied to my life and income opportunities is now I’m always considering every minute as wasted time if I don’t do something towards my actual wealth and success goals.

Let me give you an example. I’m currently doing some business and living out in Japan and in this country you spend a lot of time taking trains. Until I really understood this point of action and inaction I would often just sit on the trains and zone out or just listen to music. Neither of those will do wonders for my income and success efforts will they?

What I do now almost every time I’m on the train is spend time getting through the countless books on passive income, online marketing, business opportunities, and so on. So I have turned what was before wasted time into “study” time that I need to be doing anyway in order to reach the goals I have set for myself.

So today’s post can be applied to your residual income success or failure the way I see it. Why don’t you take some time over the next week or so and carefully consider how you are spending your waking hours. For example if you’re sitting at a bus stop are you just watching cars pass by or could you be reading or using your laptop? Or when you’re watching TV after dinner tonight could that TV possibly be a DVD on how to make web wealth or live positively?

Anyway just some food for thought and I’d love to hear what you guys think about this concept. Also let me know if you have applied this kind of thinking to your lives in anyway and if so, has it helped you become more successful in the offline or online opportunities that you’re working on what you’re currently working on?

Side Note:
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If you want to build residual income into your lifestyle then don’t go about it blindly. You’re going to want to study, research, and spend some time on learning all about the various opportunities, and businesses models out there, and find out what people are actually making cash from.

You see the problem is that most people when it comes to decisions regarding things like investing in stocks, starting a new website business, or buying real estate are just making their decisions based on what they have heard. What I want you to think about today is when you hear this information consider it carefully and don’t just adopt that opinion until you know it to be true.

In my case I have experience in earning residual income online so let me talk about that for a minute here. Some of the things I’ve heard floating around online are, “You can’t make money from Adsense”, “Build a site with great content and the traffic will flow in”, “Buy a pre-built site in an expensive niche and you’ll make a killing”. For some people the preceding statements have been true but for others not at all.

Let’s take one example. Recently lot of “web gurus” say “buy websites that have traffic and are already live and you’ll make lots of income”. Therefore lots of new online business entrepreneurs have been buying websites at places like www.sitepoint.com and also www.ebay.com . Now if you do not know what you are looking for and what is actually a good money making opportunity then you will be wasting a lot of money and time.

On the other hand if your goal is to earn residual income off a website and you know exactly which sites up for sale have the potential to do that you can sometimes find some great deals.

Let me give you an example. I recently saw a website that I passed on (due to the price tag - $1200). It was ranking on the second page of Google for a keyword and making about 6$ a day from Google Adsense. Now I analyzed this website and potential traffic and I know that if I bought it I would be able to have taken it to the first page with some simple SEO strategies. The owner of that site had done a great job to get it to the second page but wasn’t too SEO savvy. If I bought it and took it to the first page it probably would have started making well over $10 a day within a month or two.

That is just one example of making sure that if you are serious and want to be building residual income and invest in good quality investments that will actually put money back in your pocket then you need to understand and learn about what it is you want to invest in so you can spot a good opportunity before you buy.