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the_3_co_e_p_inciples_of_a_passive_income_business [2017/02/12 03:35] heathcoughlan2 created |
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- | Also, financial security. Just how secure is your job? Be honest now, will they not fire you in a second if you make a costly mistake? I am sure they will and that is why making a residual income is one of the most smartest things you can do not only for yourself but for your family as well. | + | First, there is the cost of your time. You will likely spend considerable time marketing to get your concept or idea across to people. A few will get it right away, but most potential clients will take much longer to come around. |
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- | There are plenty of small businesses around. If you are considering starting to work for yourself, think carefully about the future. Starting a business is not a short term task. To create a successful one, you need to be in it for the long haul. | + | A good place to start is to do something that you are interested in. This way, you will enjoy what you are doing and it won't feel like work. Also, you are more likely to put everything into it to make sure it works. |
- | Affiliate marketing. One of the most enticing methods at first glance. You need no product, no website (although it really does help), no list (although it really does help), and very little outlay. Basically, you are promoting other peoples' products and driving traffic to their site using an affiliate link where you are credited with commissions for each sale you drive. Commissions vary between 3% for some physical products such as telescopes, to 75% for many of the information products available on Clickbank. | + | You would think, "My gosh, how do you make sense of it all? How does it all fit in to one package?" This is the trick. The trick is you can do lots and lots of different things and teach those different things if that's your type of business, but ask yourself, "What is the umbrella that captures it all?" In my case the umbrella is client attraction. It's about getting more clients, making more money and having systems for it all to run so smoothly together. |
- | Classifieds are yet another great free way to market your business. The nice thing about classifieds is that they target the market you are looking for: people in search of a home business opportunity. There are plenty of free classified sites you can post on to attract sign ups. Try to keep your classified short and sweet, and give just enough information to intrigue them and drive them to your website, but not enough to bore them. Remember to research the keywords and title you include, as this is an important step in any free marketing opportunity. | + | So if you move from your original house (let's call it house #1,) house #1 becomes an investment property. You rent out house #1. You want the rental income to cover your mortgage payment, property taxes, insurance, and maintenance. The goal is to have the rental income pay all of the expenses on house #1. |
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- | Second, there's the cost of needing to own the category. In the early days, someone else - an imitator - may try to jump on your bandwagon and upset it. People who don't really 'get it' but try to pinch your idea can do irreparable damage. | + | Well. Anyway, so now I only have to do my every move based on signals that I get from him and his associates. Making money in Forex market couldn't really be much easier than this, at least I can't think of any easier way. |
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