We’re all here together on the journey to learn how to build passive income business whether through online or offline opportunities. I know that many people (myself included) spend way too many hours everyday surfing blogs and reading interesting articles about building wealth, attaining success, and earning income through the Internet. That’s a great thing and don’t get me wrong I love learning online but today I want to briefly talk about good old fashioned books.
I must say in the last year or so since I started really becoming interested, even obsessed with learning all that I could about setting up residual income streams, I can’t seem to get enough books in my hands. I go through at least 2 books a month now. The books I have been buying have focused on wealth, passive income strategies, business, marketing, sales, and of course how the Internet ties into all of this. If you’re not into reading books I can tell you then you’re not reading the right books or authors.
Today I just wanted to give you a small list of books that I’ve read over the past few months to a year that I really would recommend you to try out. Remember they won’t bring you instant success or teach you how to earn money in 24hours but they will definitely motivate, educate, and teach you success strategies that if you actually apply will pay off in your business and personal life.
- Cash Flow Quadrant by Robert Kiyosaki
- The 4-Hour Workweek by Timothy Ferriss
- The Science of Influence by Kevin Hogan
- Moonlighting on the Internet by Yanik Silver
- Secrets of the Millionaire Mind by T. Harv Eker
The above books are all related to business, successful thinking, and methods on creating wealth. I have learned and become very motivated in different ways from each of these and some I’ve even re-read. Any readers out there who’d like to add to this list leave a comment, I’d love to hear about what you folks are reading and get further suggestions about what I should add to my Amazon wish list!
You all want to find an online income opportunity quickly right? Yeah I know. So do I, and so do thousands of other internet and web entrepreneurs or get rich quick opportunity seekers. Well as I’ve spoke about before in the past if you want to make some green backs on the web then develop a real business!
Think about it this way if you were opening up a shop in your city or town would you start selling useless items to people? Hopefully your answer is no. What does this mean? Well it means that if you get in the success mindset of setting up websites, blogs, and product sites that are useful to your visitors you’ll set up a long term income and business opportunity.
On the web right now there are so many people setting up “niche sites” and blogs about things they really are not interested in order to generate some quick wealth. Well I can tell you that it’s a waste of time and even if you start to make some money from your site it will die off shortly and you won’t have set up a long term passive business.
So if you want to actually leave your day job then don’t buy into all these niche products and get rich quick schemes that people are selling. Are you really going to set up business opportunities selling ebooks on scrapbook making and duck hunting when you really have no interest in knowledge in these subjects? Remember to ask yourself these questions before you buy products to make online income or wealth.
- Am I interested in this niche?
- Does it have income and revenue potential?
- Is it a long term or short term business?
- Is it unique or is it something that thousands of other people are doing?
- Is the website or blog something that people will find value in?
So if you are serious about developing a legitimate online income opportunity then start developing an actual business model from day one. The days of building up low quality sites on the Internet are slowly coming to a close. The web is still fairly new and has lots of great potential for those who take the time, think strategically, and set up solid long term businesses – Good luck!
When it comes to earning income on your blog it’s not something that you want to rush into. This is a big misconception that so many people that are new to this game on the web are failing to see. Today I just want to speak to you about a few money making tips that I’ve learned if you want to set up your blog or website.
First off don’t only choose a topic that you enjoy which is what most people will tell you to do but also select a topic to write about that has some profit potential. If you’re developing a blog with no hope of income or monetization then just write about anything that you love. But if you do want to make income with your blog then there is some research that you’ll need to do.
There are a few things that you can do in order to tell if the topic you have chosen has any revenue potential. First off is go to the Google Adwords tool at https://adwords.google.com/select/KeywordToolExternal and type your keywords or blogging topic into here. You’ll be able to find out what kind of money advertisers are paying for each click. I like to go after niches with keywords that charge at least $2.50 and up. Remember to also check what kind of competition you are up against. I’ll talk about competition analysis in a future post.
Another great way to find out if your chosen field has potential is to go to some of the top search results in Google especially the other successful blogs in that area. If they have lots of advertising from big names and they look like pretty high end sites that is usually a good indicator that there is cash to be made in that area.
Also remember one other thing if you want to create wealth online or any money for that matter have patience and don’t start to monetize your blog or website until you have some steady flows of traffic. I know at the beginning when you’re getting a few visitors a day it’s tempting but I would hold up for a while. Have patience and the income will follow!
If you’re online and working on creating web wealth then today I want to share a little story with you that recently inspired me. It’s about perseverance and some of the true characteristics that you need to actually achieve success online or offline. This post kind of relates to one of my previous posts called “Residual Income Streams by Making Your Problems Small” basically what I talked about is that if you are a true entrepreneur and want to reach success you can’t let problems get in your way.
Well I’m not sure if any of you have heard about the website http://moneymakerinfo.blogspot.com but it’s found at the top of Google for the search term “make money online”. If you don’t know already, I can tell you that this is a very competitive term on the Internet and the owner of that blog is seeing some heavy traffic and was making some good money from Google Adsense.
So when am I going to talk about the lesson of perseverance? Right now. Did you notice I said “was making some good money from Google Adsense”? Well about a week ago the owner of this blog got banned from using Adsense on his site due to having his ads blend in to well with his content. To be fair, he did get a warning from Google a few days before but apparently he wasn’t aware of what to change and three days later he was banned.
Well the reason I wanted to tell you about this story was because although Alan Liew (owner of the blog) lost his main residual income stream he has not given up at all and is already trying to monetize his blog differently and continues to post everyday. If you suddenly lost most of your revenue what would you do? Think about that question for a minute.
So I guess what I’m trying to say today is a few things about building web wealth. You need to have perseverance and not give up. Not matter what is thrown at you if you are sure you want success in your business keep going at it until you get what you want. Another lesson may be not to put all your eggs in one basket. If all your income comes from something like Adsense what would you do if you suddenly got banned like Alan?
As you folks build up your passive income internet sites you are going to want to have as many links coming into your blog or website as possible. As you all know by now the more quality and related links you can round up the better. You’ll end up being positioned higher on the search engines and the more business and web traffic your residual income website will get.
So what’s all this talk about link exchanges? Well as some of you savvy SEO bloggers may have already picked up on it’s a good idea to try and get your link into other peoples “blogrolls” or “links” categories. Especially if the websites are of good quality and they are related to your own blog or website this will be a great opportunity for your business website to rank much higher in the search engines.
Now because Google and the other engines are smart companies they have already picked up on the fact that people are doing link exchanges and have now discounted some of the “juice” from blogrolls. But there is an option you can do that will work wonders and I’ll explain it to you now.
What you’re going to want to do is once you have built up a relationship with another website owner you should ask them to have a link pointing to your site or blog in one of their articles. As of this time links that are found within content are still very valuable. You could do an exchange and ask for them to put a link to your site into one of their articles and then you can do the same for them. Remember to get them to try and use your desired anchor text or at least something related to what you are trying to rank for in the search engines.
So remember as you work towards getting higher rankings and earning more residual income online you need to start getting really up to date with SEO strategies that work today and not just the ones that worked yesterday. Good luck and stay savvy!
Are you really serious about learning how to create residual income and set up opportunities and businesses? I thought you would be. So if you want to be in a position where you are making this kind of money then I recommend that you study business models that are already succeeding at this.
It’s true that we often can’t see exactly how a business is making its money but if you take some time and try to break down a company that is succeeding you’ll be surprised at how much you can actually understand. Large businesses are even easier to understand because they often publish books about how they achieved success and break down the steps on exactly what actions they took to get there.
So what do I mean when I say to study them? Well basically what I mean is reviewing their business model as thoroughly as possible and taking notes on how their business is being run. So in the case of passive income generation you’ll want to find some models that fall into this category and learn as much about what they are doing as possible.
Now once you have found a business that you want to tear apart a bit and learn about what do you do next?
I generate most of my residual income through the Internet so let’s talk about that for a minute. Say you want to develop a money making blog about “Stock Investments”. What do you do then? Start by making a list of the top “Stock Investments” websites that you can find on the Internet. Make lists of what they are doing right and also take time to find out how they have set up their cash flows.
At this point you should have a comprehensive list of what successful residual income opportunities look like. This list will help guide you towards what you should be thinking of setting up. Remember the models you’re studying took time, effort, and innovative thinking to get where they are. It’s also going to take you some time as well. Don’t get overwhelmed and think that you can’t do it – you can and will if you make your plan and take daily action!
If you want to start setting up some residual income streams and thinking and acting like the rich do then you are going to need to develop a mentality of being a bit unbreakable. You see what happens to many people that try and get into the money making game is when a problem comes up it’s a bit overwhelming to them and often causes them to give up. What you’re going to need to do if you want to build passive income is start thinking of problems not as problems but more as opportunities.
Ok I admit that last line might not sound to full proof to you so let me clarify it for you. What I mean is when you are studying and applying new things that you have learned about earning money don’t give up easily when things don’t go the way you’d like them to.
Another tip I’d like to offer is break everything into bite sized bits. Take this blog Income-King for example. I’ve decided that in the next 1-2 years that this will become one of the biggest resources on the Internet for people to learn about how to earn passive income online, through real estate, stock investing, and more.
Now that is a major task and if I look at what I actually have to do to get it to the point that I just mentioned then I should just give up right now. But you know what? I won’t and I figure I can do it. Why? Because I’m looking at it day by day. Of course I won’t make money off it any time soon but if I keep building day by day then down the road money is going to come in. If it doesn’t, well then I’ll just move on to another idea.
If you really want to set up a stream of residual income in terms of business chances or opportunities then you can’t let obstacles or problems slow you down. Once you decide on something don’t let anything get in your way. If a small problem comes up, crush it and move on. If a big problem comes up find a way to deal with it. There are lots of forces out there that will try to stop you from reaching financial freedom. There is one simple remedy to stop those forces – don’t let them stop you, remember that!
Making money with Adsense is a great online residual income opportunity. Especially for anyone interested in making some money off a website that they are running that gets some steady traffic. You see the problem is that most people actually don’t understand how to properly build an Adsense website that will trigger the correct advertisements and that’s what I’d like to talk to you briefly about today.
As I’ve discussed before in some of my other posts on earning online income with Adsense is that doing well is all about selecting the correct keywords to work and also how to use them throughout your website properly. What I want to talk to you about today is how you should be using them in the titles of your post. If you stick to this rule as you work on your blog you’ll start to notice that your website will be triggering the correct advertisements.
So let me give you a little example here. If your website is all about stock investing then what you’re going to want to do is take that list and make sure that all the posts you write are using keywords from that list.
So for example if one of your keywords is “Making Money with Stocks” your article or post on your Adsense website would be something like this “Making Money with Stocks on the Internet”. This should trigger the correct Adsense advertisements that you are looking for.
The mistake that most bloggers or webmasters make when trying to build residual income online with Adsense is they don’t use their keywords in their title or much in their text for that matter. Remember this, Google is a computer and the way it understand what ads to trigger on your website is through certain elements and having keywords in the titles of your posts is one of them!
One of the most powerful ways to get into setting up your own residual income business is by doing it with a partner or the help of others. If you start developing your ideas and opportunities with people that you trust and respect, can work with, and have something to offer you then you’ll really start to see your efforts paying off and you’ll actually get a lot of work done.
There are many reasons why I recommend linking up and working with partners or other talented people. Many entrepreneurs that start out trying to learn how to build passive income businesses and opportunities work really hard but try and do everything themselves. This is fine and if you work very hard you will see success but if you work in a team you may see much quicker results and also the work may be achieved with more ease.
Let’s take a small example. If you want to start to make income online and set up a new blog or affiliate program website what are some of the things you’ll need? Writing, design, coding, promotion, marketing, branding, etc. You need to look at the list that you come up with and ask yourself what do you enjoy doing and also what are you good at. For the areas you are not so good at ideally you’ll try and find a partner to do it or at least hire someone out for some outsourcing. I can tell you that recently I’ve been getting into outsourcing some of my business research and writing for some of my money making websites and it works great!
Sure, if you’re just starting to get into making a residual income business work for you then trying to do many of the tasks alone is a great way to learn and I recommend it for sure. What I would like you to think about after you start to earn some money or feel that you are getting too busy with your current project is ask yourself “how you can I enlist in the help of others in a way that will benefit my business?”
If you’re really going to start to financial freedom online then you need to set up some kind of working patterns and flows. It’s really hard for some people to get into certain work habits but if you want to succeed in this game then you’re really going to need to set a working style up and then stick to it.
You see the problem with most people that just start out getting into this passive income game is they end up getting overwhelmed or since they already have a day job that they are doing they don’t put the required time in to this business that it requires. Remember it does take time to succeed and make things happen for you.
What I recommend is that you make sure to do at least one thing per day that relates to your online business opportunity that you are working towards. Of course if you have more time you put in way more time but I’m saying that even if you had a long day at work you still do at least one thing that is working towards you overall goal.
This can mean writing a new article to put up on your website, emailing some people to promote your business, registering a new domain name, and many other things. I’m not referring to reading. If you have time to read of course do that but make sure to get at least 1 thing done per day that relates to your current business. On weekends and other days put much more time into it of course but if you follow this advice not only will you feel good but slowly but surely you will actually get a lot of things done!
So from now on don’t let another day slip by you where you haven’t completed at least one task on your residual income business!
