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!
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!
Welcome to part three in my SEO tips series today on how to make residual income online through the knowledge of SEO and search engine strategies. I got inspired to write this short post after going through hundreds of high powered investment and financial blogs and reviewing their content. Something hit me, although many bloggers have great blogs and I really respect them for that, they don’t seem to have basic knowledge of SEO and how to turn their blog into a passive income generator.
I’ve talked a bit on this blog about how important it is to have the keywords you’re trying to rank for in your title tags. I’ve also mentioned how important it is to try and include your keywords in the titles of your posts as well. Today I want to talk to you about the importance of having your main keywords in your anchor text that you’re putting out all over the internet.
Many of you have done a great job of building up your page rank through posting on your blog, commenting on related blogs, and doing link exchanges with other bloggers. This is great and you should continue to do this but one thing you need to try and do is when you do blogroll exchange links with other bloggers try to get keyword phrases into these links.
For example if you have a blog about online investing then make sure you try and include that in the links you get to your site. Have links to your blog like Online Investing, Online Money Investments, etc. Don’t have something like “Pete’s EZ Investment Blog”. The reason I recommend this is because Google and other search engines will start to recognize what your blog is related to and then rank you high when users search for related terms. Remember no one is typing in “Pete’s EZ Investment Blog” but they are typing in all sorts of phrases like “Online Investing Blogs”.
Having a great blog that readers love is perfect. What I’m saying today is go about it strategically. Build it into a residual income opportunity the wise way. When you get a new link to your site from another blog think about what you want them to put as the anchor text – Search engines will love you for it and you’ll get more traffic and also more cash flow.
If you want to start a business and are looking for passive investment income then you might want to try and go about it with the help of others. You see, many of the things we talk about on this blog related to getting into and starting your first residual income business opportunity may take a bit of cash to get going. That could include hiring a coach, putting a down payment on a business or piece of real estate, whatever. The truth is you may need some cash flow to get into this game.
If you don’t have the income needed to start right away this doesn’t mean that you should just sit around and wait. You need to be creative and think of ways to go about getting it. This could mean borrowing the income from others or earning it yourself and then investing it into you new business opportunities.
The only problem is that earning it yourself can sometimes take lots of time before you are able to get together enough money to get any residual income business idea going. Let’s take for example real estate – if you want to buy a place, then you’re obviously going to need a pretty big down payment in order to secure the purchase. Don’t let that initial cash slow you down think about friends, family members, relatives, business associates, or whoever might be interested in building up a money stream together with you.
Let me be clear now that this form of raising capital may not be that easy but it is doable. You will soon see that after you start studying more about the importance of learning all about money and how to make it your talk will become contagious to others around you. If you know what you are actually talking about and have valid ideas of how you will put what you know into an action plan then people will become interested an actually take you seriously.
Use your mind and try to come up with business opportunities to present to others that are already generating a good income. If you show to them that you are knowledgeable in this area and you have valid residual income business ideas to pursue there is a good chance that they may be able to or interested in getting involved in with you.
I would say that if you have no experience in creating passive income streams then you might need a bit of time before you can expect to gather money from others. For now just study this subject thoroughly and start applying some ideas that you have studied about. I would say online is the best place to start just because it takes time and knowledge but not much money before you can set up an income stream.
If you are serious about learning how to earn residual income then there are tons of tips and tricks you can learn but there is one that you should really put into practice and it’s a lot easier then you might think – copy or mimic what other rich and successful people do. So for example if you really want to learn how to make residual income online and there is someone that you know who is doing it well then hey try and mimic their actions and see where it gets you.
Just think about it for a moment. If your goal is to start your own online residual income business opportunity and your current job is a sales man a brick and mortar company then how are you going to start to learn or begin to develop an online opportunity? The answer is you probably won’t because you’re not surrounded by people doing the same thing as you want to be doing. You are basically learning how to make money in the brick and mortar field. I’m not saying there is anything wrong with making your money this way but it definitely isn’t a residual way of earning money so it’s not going to get you any closer to your goals.
You need to start surrounding yourself with people that are already running a successful residual income business. It makes sense doesn’t it? You might ask how do you do this if you already have a day job that is unrelated? Well you need to start to make some sacrifices to your personal life and “relaxing time”. You need to come home from work and then after dinner start reading and interacting on blogs that are related to creating income online. You’ll be surprised how fast you will start to meet people that are already doing what you are dreaming of.
Once you start to meet these people keep in touch with them, be polite, and ask as many questions as you possibly can to them about how they were able to start to build up their residual income business. You’d be surprised at how happy many people to talk to you and try and help you do the same thing. Just take a genuine interest in learning from them and they will feel that energy and give back to you in the form of teaching.
As you get more and more into these communities of other like minded people that are already have residual income streams set up that work you can start to copy what those people are doing in terms of actions. Trust me you’ll soon know who is actually making a passive income and who is just talking about it. So for example if someone you trust continues to talk about a certain method of how they are making money through affiliate marketing programs think about trying to do the same thing as him and see if it can’t work for you as well. I can tell you that copying successful people is one tip that many people have used to reach success!
Yes a key question – How do you start to build a residual income business opportunity? That’s a question that so many people want to know but not many people understand how to go about earning it. In order to earn residual income you are going to need to understand how it works first. Some people that claim to teach how to earn passive income actually just teach you how to set up your own business that consumes you ever hour of the day and without you around it would actually go down the tube. That is not true residual income that is just considered creating your own job.
So first let’s define passive or residual income. Basically it is income that you receive from businesses, investments, real estate, etc that you are not actually involved in at the moment. Now let’s get this part clear, just because you’re not actually doing much at the moment to earn money doesn’t mean that at the beginning that when you were setting up these residual income streams that you didn’t put some heavy effort and learning in. For most people and I can attest to this, when you start out building a your business it will take you some time. The great thing about it is that you put the time in build it or buy it once and then make income off of it month after month and year after year.
A few of the proven ways that successful individuals or companies have used to build a residual income business are through real estate, franchises, the Internet, and also many other opportunities. The first step though that I recommend is reading websites like this one on the Internet and also buying some good books like multiple streams of income by the famous author Robert G Allen. This way you will become educated on exactly what kind of business opportunity is good for you and you will also understand more about what you are getting into before you just dive in with no direction. If you do just start to try and build passive money streams without knowing what way you are heading you will feel discouraged like I did at first and may even give up. Take your time with this and enjoy the business model learning process.
Today I want to talk to you about building residual income businesses in the sense of time and how long it will take. I know you have read it all over the Internet and probably in other passive income books that you can make $10, 000 a week from a beach in Tahiti. Well it is true once your income stream is set up and successful but for many people to get to that stage it takes hard work, determination, and yes lots of time. There is no such thing as instant cash so get that out of your head right now!
If you are truly serious about earning money through residual and passive income streams whether it be online, through real estate, stocks, or whatever decide right from the beginning that you will give it some time and effort and not give up until you are actually earning income.
Too many people out there think that all they need to do is buy one or two books or courses and within weeks they will have a residual income online or through some other source flowing into their bank account and pockets like water. If it was that easy and people could make instant cash don’t you think everyone would be doing it? You need to really consider that question before you get into the residual income game. It’s going to take time and effort but in the long run it will pay off!
