Well today’s lesson in wealth building is all about analyzing our lifestyles and making sure that we are living properly, enjoying, but with the goal of earning income and making sure we are using that money effectively – to build more wealth. Many people actually think that if they see people with nice cars, expensive clothes, jewelry, etc that it automatically means that they are wealthy people. This is actually not the case and many times the wealthiest people and the ones that are earning the most residual income are the people that you would never even expect to have money.
You see what most people do is as soon as they start to earn a bit more income from their job or investments they start to spend that money on liabilities instead of assets. Ask yourself the question. Last time you got some extra money as a gift or maybe a pay raise what did you do with it? Did you invest it into something that will make you money down the road or did you spend it on something with instant gratification like a watch, a trip, car, more expensive apartment to rent, etc? Most people do fall into this column and that is why most people are not very successful.
What I’ve been studying and trying to apply recently is to live a bit below my means. I rent a decent apartment in Osaka for just under $600 a month. I could easily spend double this and live in a much nicer place but recently I take any extra money and put it into a recently purchased real estate investment as well as towards a few online businesses that I’m working on.
What I’m trying to say here is that if you are serious about wealth building and creating residual income then you need to stop spending extra money on things that won’t put more money in your pocket in the future. Instead of going out for lunch today make something at home and buy yourself a new domain name. Next time you get a raise at your job don’t automatically think about how you can upgrade your living, start thinking about what kind of businesses and investments you can get involved in.
Many people talk about making residual income online like it’s something that is easy and does not take time. Well to be honest to some extent that is true. Once you learn the fundamentals of online marketing and business and have everything set up and going then making residual income on the internet is not that hard. The question is how you get to that point.
Well today I want to introduce to you some fundamental concepts of SEO. For anyone who does not understand what SEO is it stands for search engine optimization. SEO may sound tricky but after you learn some of the basics it’s not actually that hard. To do it properly it will take time and patience just like it will for you to set up your residual income business.
First off just to make things clear as to why SEO is key, you need to understand it because in order to draw traffic to your website to actually make an income you need to have visitors coming to your website. The more targeted visitors you have at your website the more chances you have to make passive income off of their time spent with your at your website.
So enough chatting let’s get into a few simple SEO techniques. Once you have selected the proper keywords for your website you are going to need to use them strategically within your website in order to get the search engines to notice your website in the first place. A few key places that you are going to want to use your keywords are in the title tag, in the H1 (header) tags, and also if you can in your links. There are tons of tutorials on the internet that will teach you all about HTML but that is a bit beyond the scope of this article.
Another SEO technique that not many people talk about but it really helps out a lot is if you have your keywords in your domain name or URL. So for example my website is all about how to build residual income into your lifestyle. Did you notice something about my domain name? Bingo take a close look and if you have been reading this article carefully you will know what I’m referring to. I can tell you that if you want to rank well in search engines then try and get domain names with your keyword in the name – it will help you a lot!
So there you have it, just a few tips to get you going on your path toward making a stream of residual income through SEO tricks and the Internet. I will be writing many other articles on this subject to get you more and more advanced but just remember to make income online you need to rank high in search engines or end up spending a lot on paid ad’s. Either way understanding basic and even advanced optimization trick will help you a lot build up your online business website.
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.