Money Making Ideas · Recommendations

The Importance of Passive Income

Passive income is exactly that. It’s passive . It requires very little effort or attention but produces revenue on an ongoing basis.

Being in the internet marketing business, I have seen a lot of people pass off direct sales and affiliate marketing as a “passive” and while it could be to a certain degree, it is not really passive.

Think about it, in a traditional network marketing or direct sales company, you have the capability of building a team, leveraging the efforts of the team and your customers to create an ongoing residual income … but is that really Passive. It’s an amazing model but requires a lot of time and effort initially to build and consistent effort to keep that residual income going. For the most part, it can continue for a while but if you ignore your team and don’t pay attention to what’s going on in the company or the industry, it could slowly slip away.

Why is Passive Income So Important?

True passive income is the path of the wealthy and a vital part of true financial freedom.

Passive income is not linked to the amount of hours you work. It is independent of time and location. – Now, that doesn’t simply mean that it allows you to sip margarita’s on the beach while the cash rolls in (although there’s nothing wrong with that!). What it does is free up your time, while producing revenue so that you can invest in other passive income endeavors. Now, that’s true leverage.

Passive income may involve an initial monetary investment, or some effort on your part but results in a long term ongoing income based on those initial actions.

Passive income has saved many from financial catastrophe when they are no longer able to trade hours for dollars. It has helped many tide over difficult times.

Some examples of passive include:

Buying real estate that results in cash flow

Investing in stocks that yield dividends

Creating something that pays royalties

Creating a business or product where others sell for you and produce ongoing income for you.

…And the newest, and a personal favorite of mine,  here .

Having personally been in the Financial industry for years, passive income has always been something to strive for.  I just couldn’t ignore it.

Not all of us have the money required to invest in real estate to create cash flow, nor have many created books, products, or become rock-stars to receive royalties from our creations.

But in today’s changing economy, what if there were something that existed that involves a relatively small monetary investment, a few minutes of your time per week, to see an income stream coming back to you fairly quickly.

It does actually exist, and doesn’t require any huge risks or involve any special skills or knowledge.

Bottom line is, true financial freedom and peace of mind can be created in the form of Passive Income and is easier than you think.

To learn more about this, go here.

To your success and outrageous goals,

Signature Tereza

21 Day Blogging Challenge · Network Marketing Business Tips · Recommendations · Small business tips

The key to earning automated income online and it’s not what you think

I believe in people and I believe in people doing amazing wonderful things with their talents, their perseverance and their hard work. If you read my past blogs, you know that I am all about outrageous goals . I am about taking the steps necessary to achieve those outrageous goals. I LOVE people and I love personal development.

…so it might seem a little odd that here I am writing about automated income online.

…but bear with me.

There’s a slight misconception about what an automated internet business really looks like.

First off, there’s a picture in my head that I get (because I have been there) of someone either searching Google for an “automated business” , “ turnkey internet business”, “automated income online” after hearing about success story after success story of people who made it big on the internet by just “clicking on the link”.

the keyI personally couldn’t help but wonder if there was some truth to it and so, yes, I have often “Clicked on the link” in search of freedom. Isn’t that what most of us want when we get into business..  freedom?

The truth is, most of the time, when someone goes to click on a link and buy an automated online business, they are given another link and told to promote and left hung out to dry. And even if you are a go-getter, and try your best there are some missing elements that were implied or promised that just aren’t there. Without those elements it is near impossible to succeed. No personal contact. No training. No real business.

Yet, I personally kept looking and through my failures, my training, my perseverance and belief, I realized some key elements in a home business in the online business area. There are some essential criteria in creating the freedom you are looking for:

Systems

Grasp the importance of this and you will achieve amazing results in your business:

I will never forget when I was at an important family event last summer, outdoors, all day without a computer. I remember coming home that evening to an inbox full of new leads and sales.

I wasn’t working but I still had prospects interested in my business and product offerings. I had the ability to make sales even though I was outside away from my desk all day. I had a system in place to take care of the interested prospects for me.

I was collecting emails

The system was presenting the product, making sales and accepting credit cards.

There was a follow up system in place to aid them in the buying decision.

Step by Step Training

While this may not be necessary for the seasoned pro, someone just starting online and checking out an opportunity does not want to have to figure everything out from scratch.

… and they shouldn’t have to. Not in this type of business.

And most importantly… (at least in my mind)……is  the personal touch.

The Personal Touch

What good would McDonald’s, Subway, Tim Hortons etc be to a business owner if the business owner couldn’t contact Customer support or if the franchise was provided with no training?

I truly believe that this is the secret sauce.

I have seen a lot of great systems out there. You can automate your lead capture page, your email follow up, your website presentation. There can be a wonderful, flawless payment system in place for your customers and an automated way of you getting paid too but if you have no one to contact when you are stuck, when you need a hand or perhaps just a little nudge in the right direction… then you can end up right back where you started.

This personal touch goes beyond technical issues and support calls. It’s the live trainings, the live events, the teams that you get to know both online and offline that help you with your outrageous goals.

I remember hearing once that in order for a product or business to be super successful, it needed to either be 1)First of its kind 2) the only one of its kind or 3) have the WOW factor. I believe I have found all three and more.

The online system I plugged into is as automated as it gets without leaving you high and dry. Average people are making their first money online after clicking link after link in other opportunities only to be disappointed.

It has all the elements above and more,  to get you on the right track as well as ongoing training and support in business and personal development. (my kind of company). The WOW factor for me is the personal coaches, available to help you build your business.

They are aligned with my beliefs and have my seal of approval. You can check them out here.

To your success,

Signature Tereza

 

 

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