Robert Allen discusses building an Internet marketing business in his book Multiple Streams of Internet Income. The Second Edition of this book is well worth reading.
While Allen does not put it in these terms, my description of this process below is based on his ideas.
You see, depending on your job as your sole source of income is asking for trouble. Gone are the days of lifetime employment, or pensions that make retirement worthwhile. To succeed in today’s financial market you must accept that depending on your job for a living is simply begging for a life of poverty.
In my Work Sucks blog series, I discuss the need for each of us to develop multiple streams of income. Imagine a trickle of water rolling off the rocks at the tops of a mountain. This trickle joins other trickles of water to become a stream. As the water flows off the mountain the streams join forces to create a river, and then flow out to sea.
Your income streams are like those trickles. You don’t need to look for a river of income from one source to create wealth. Instead, focus on finding a way to create a small trickle of income. For example, selling $100 worth of household items on Ebay every month. Add to that a trickle of income from selling $100 worth of used books on Amazon, perhaps $50 monthly from completing online paid surveys, and perhaps $200 worth of commissions from affiliate marketing sales. These four trickles of income have suddenly grown to a stream of $450 per month in income.
How many times could you repeat this process? And, how many streams of income would it take to equal your job income?
Look for the opportunity to create multiple streams of income on the Internet. Once you have reached a level that is equal to your job income you can either decide to quit your job or use this extra income to build a capital base for investing in appreciable assets such as real estate and stocks. The positive cash flow from these investments can then become a source of passive and portfolio income, as described by Robert Kiyosaki in his book Rich Dad, Poor Dad.
Opportunities to start creating multiple streams of income are everywhere. You just have to look, and then apply yourself to learning how to make them work for you.
Ron Taylor
Your Work Sucks! Super Hero
Showing posts with label making money at home. Show all posts
Showing posts with label making money at home. Show all posts
Wednesday
This Is My Formula for Online Success
Using the Internet to build a successful home-based business is all about directing traffic to your website.
Check Out Over 1,000 Money Making Opportunities In One Spot
During the past two years I have learned that success in online marketing of any opportunity comes from adhering to a simple formula.
Your Passion + A Niche Market + Valuable Products = Success
Let’s break the formula down into bite size chunks.
First, your passion is what you love to do; what you love to talk about; and, what you may consider your expertise.
Second, a niche market is a small portion of the total population of Internet users that may share your passion. For example, if you have a love for tropical fish, your niche market would be other Internet users who love tropical fish.
Third, a valuable product is something your readers would benefit from having. Consider your tropical fish passion and niche market. A valuable product for this crowd may be something like a guidebook on how to prevent diseases, or perhaps a directory of wholesale fish providers. Whatever the product or service you suggest to your customer, you would be wise to focus on products deemed valuable by your niche market.
You see, Internet marketing fortunes are being built every day on this simple formula. Find your passion, tie that passion to a niche market, and offer that niche market valuable products.
One of the best ways to communicate your passion is to use a blog. There are hundreds of free blogging opportunities available on the Internet, and you can start with places like www.myspace.com, www.wordpress.com, and www.blogger.com. Another free source for sharing your passion with other Internet users is to write articles. The best place to do this, in my opinion, is with www.ezinearticles.com.
Creating a blog is not nearly as complicated as you may think, and can be as simple as a daily diary type entry, or as complicated as a news clearinghouse, like The Drudge Report.
The great thing about blogs is that you do not have to be an Internet guru or computer programmer to make them work. And you don’t have to write like J.K. Rowling to gain a following. As long as you are blogging about your passion, you will be fine.
People are hungry for information. Be true to your readers. Stay focused on your blog topic, and you will find success.
Over the past few years I have tried and failed in a boat load of Internet income opportunity programs. By following my formula for success you can avoid my years of trial and error and shortcut your way to quality traffic to your product and opportunity offers.
Click Here To Watch A 17 Minute Video Showing How One Man Makes Over $100k Monthly!
Ron Taylor mentors home business entrepreneurs who are serious about building successful Internet Marketing businesses.
Check Out Over 1,000 Money Making Opportunities In One Spot
During the past two years I have learned that success in online marketing of any opportunity comes from adhering to a simple formula.
Your Passion + A Niche Market + Valuable Products = Success
Let’s break the formula down into bite size chunks.
First, your passion is what you love to do; what you love to talk about; and, what you may consider your expertise.
Second, a niche market is a small portion of the total population of Internet users that may share your passion. For example, if you have a love for tropical fish, your niche market would be other Internet users who love tropical fish.
Third, a valuable product is something your readers would benefit from having. Consider your tropical fish passion and niche market. A valuable product for this crowd may be something like a guidebook on how to prevent diseases, or perhaps a directory of wholesale fish providers. Whatever the product or service you suggest to your customer, you would be wise to focus on products deemed valuable by your niche market.
You see, Internet marketing fortunes are being built every day on this simple formula. Find your passion, tie that passion to a niche market, and offer that niche market valuable products.
One of the best ways to communicate your passion is to use a blog. There are hundreds of free blogging opportunities available on the Internet, and you can start with places like www.myspace.com, www.wordpress.com, and www.blogger.com. Another free source for sharing your passion with other Internet users is to write articles. The best place to do this, in my opinion, is with www.ezinearticles.com.
Creating a blog is not nearly as complicated as you may think, and can be as simple as a daily diary type entry, or as complicated as a news clearinghouse, like The Drudge Report.
The great thing about blogs is that you do not have to be an Internet guru or computer programmer to make them work. And you don’t have to write like J.K. Rowling to gain a following. As long as you are blogging about your passion, you will be fine.
People are hungry for information. Be true to your readers. Stay focused on your blog topic, and you will find success.
Over the past few years I have tried and failed in a boat load of Internet income opportunity programs. By following my formula for success you can avoid my years of trial and error and shortcut your way to quality traffic to your product and opportunity offers.
Click Here To Watch A 17 Minute Video Showing How One Man Makes Over $100k Monthly!
Ron Taylor mentors home business entrepreneurs who are serious about building successful Internet Marketing businesses.
Saturday
Fired Temp Worker Gets Revenge!
Make Money Online, Starting Today: Click Here!
Fired Temp Worker Gets Revenge!
Temping ain’t easy.
You work for minimum wage. Get the worse job assignments in the company. And, you can be replaced without justification at a moment’s notice.
In three years of temping, I did not accrue a minute of vacation time, or a dime’s worth of medical insurance. I shoveled cattle feed in the morning and its inevitable by-product in the evening, cleaned toxic waste filters the full-time employees wouldn’t touch, and chased bats from an attic that I honestly believe was haunted by a betrayed mistress. Like I said, temping ain’t easy.
But it was work. Honest work that put food on the table and paid the rent. And that’s about all it did.
Have you ever heard the expression, “living paycheck to paycheck?” During those three years I was the poster boy for living paycheck to paycheck. I don’t mean to bad mouth the entire temp industry. Temporary service agencies provide a valuable service for both employers and job hunters, and I’ve heard that some even offer bennies. But I don’t believe it was meant to serve as a long-term solution for anybody with an ounce of ambition.
To make a dreadfully long story short, I eventually got fed up with the nonsense and told one of my temp bosses what I thought of him and his haunted attic. Two minutes later I was being escorted off the property by a security guard—a temp worker himself if I remember correctly.
So after six years in fast food and three years in the temp business, it finally began to dawn on me that making the same mistakes over and over was not only proof of my thick skulled mentality, it was also proof that you cannot get ahead working to help somebody else achieve his or her goals.
Lately I have learned three important lessons from people like Robert Kiyosaki, Suze Orman, and David Bach. While each of these writers is unique, they all basically say the same thing:
1. Learn to spend less than you earn.
2. Buy appreciable assets that produce a positive cash flow.
3. And, find a way to create multiple streams of income.
One of the best ways I know of to achieve these three points is to own and operate your own business. Now this isn’t rocket science, and it doesn’t take the Bank of Switzerland, or an SBA loan for that matter, to get started. All it takes is a little initiative, sprinkled with a healthy dose of persistence, patience, and promotion. Take it from me, a small business gives you the ability to make money, build a residual income, and perhaps create wealth.
So, what was my revenge? Success. I left the temp business and started my own home-based business. Now I do the hiring and firing. Su-weet.
Ron Taylor
http://www.5grandmonthly.com
Iroquois@getresponse.com
Fired Temp Worker Gets Revenge!
Temping ain’t easy.
You work for minimum wage. Get the worse job assignments in the company. And, you can be replaced without justification at a moment’s notice.
In three years of temping, I did not accrue a minute of vacation time, or a dime’s worth of medical insurance. I shoveled cattle feed in the morning and its inevitable by-product in the evening, cleaned toxic waste filters the full-time employees wouldn’t touch, and chased bats from an attic that I honestly believe was haunted by a betrayed mistress. Like I said, temping ain’t easy.
But it was work. Honest work that put food on the table and paid the rent. And that’s about all it did.
Have you ever heard the expression, “living paycheck to paycheck?” During those three years I was the poster boy for living paycheck to paycheck. I don’t mean to bad mouth the entire temp industry. Temporary service agencies provide a valuable service for both employers and job hunters, and I’ve heard that some even offer bennies. But I don’t believe it was meant to serve as a long-term solution for anybody with an ounce of ambition.
To make a dreadfully long story short, I eventually got fed up with the nonsense and told one of my temp bosses what I thought of him and his haunted attic. Two minutes later I was being escorted off the property by a security guard—a temp worker himself if I remember correctly.
So after six years in fast food and three years in the temp business, it finally began to dawn on me that making the same mistakes over and over was not only proof of my thick skulled mentality, it was also proof that you cannot get ahead working to help somebody else achieve his or her goals.
Lately I have learned three important lessons from people like Robert Kiyosaki, Suze Orman, and David Bach. While each of these writers is unique, they all basically say the same thing:
1. Learn to spend less than you earn.
2. Buy appreciable assets that produce a positive cash flow.
3. And, find a way to create multiple streams of income.
One of the best ways I know of to achieve these three points is to own and operate your own business. Now this isn’t rocket science, and it doesn’t take the Bank of Switzerland, or an SBA loan for that matter, to get started. All it takes is a little initiative, sprinkled with a healthy dose of persistence, patience, and promotion. Take it from me, a small business gives you the ability to make money, build a residual income, and perhaps create wealth.
So, what was my revenge? Success. I left the temp business and started my own home-based business. Now I do the hiring and firing. Su-weet.
Ron Taylor
http://www.5grandmonthly.com
Iroquois@getresponse.com
Monday
Social Networking Builds Success
For the home business entrepreneur networking is vital to your success. Liz Ryan hit the nail on the head with her latest update to her Young Entrepreneur series of articles.
While small business owners recognize the importance of social networking, the bigger corporate stiffs just don’t seem to get it. Liz’s article covers the kind of info you can use to get ahead, so check her out.
Read her complete article here:
http://finance.yahoo.com/career-work/article/102692/Network-Like-an-Entrepreneur
Ron Taylor
http://www.wealthsearch.org
While small business owners recognize the importance of social networking, the bigger corporate stiffs just don’t seem to get it. Liz’s article covers the kind of info you can use to get ahead, so check her out.
Read her complete article here:
http://finance.yahoo.com/career-work/article/102692/Network-Like-an-Entrepreneur
Ron Taylor
http://www.wealthsearch.org
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