Tips To Transition From 1-on-1 To Membership Income

When I first started my coaching business my goal was to get as many 1-on-1 clients as possible. At first I loved working 1-on-1, but it didn’t take long before I found myself feeling drained and dreading my clients’ calls.

Which is when I started to experiment with re-designing my business and discovered how to create both “passive” and “leveraged” income streams. Passive income is money that flows in from the sale of products or programs that have already been created. Leveraged income is large amounts of income created from very little time spent, such as with a membership program.

It didn’t take me long to see that EVERY business has the opportunity to create both kinds of income. But, creating passive revenue can take some time. Which is why I recommend focusing first on creating leveraged income streams such as membership programs.

Now, maybe you’re thinking, “Sounds great Kendall, but I’m not sure how a membership program fits in with MY business.”

Keep in mind that a membership (or “continuity”) program does not always look like the typical “coaching club.” There are MANY varieties of membership-style programs you can offer to achieve your goal of creating leveraged income.

So let me share an example that will help you see how adding a membership program is totally possible for you, plus I’ll give you THREE quick tips to help you design your own membership offer, okay?

Let’s start first with an example. Initially, my Platinum client, Sandra Martini, didn’t see where she had an opportunity to offer a membership program. Sandy’s business focuses on coaching entrepreneurs on how to get their Internet marketing — tasks such as article submissions, social networking, and sending out an ezine — done.

Instead of trying to create the typical “pay for information” coaching club, we designed a membership model based on Sandy doing the work FOR her clients.

BINGO! Within a few short months she had picked up several new clients for her “done for you” service. Since then, she’s launched two more popular done-for-you services. (You can hear more about how Sandy re-designed her business in a special, exclusive interview series I recently recorded, called “Success Stories: How Did She DO It?” (Click here to access this interview recording.)

Here are three more quick tips you can use to creatively add membership in-come to your business.

Tip #1 Consider “Done For You” Services Instead Of Just Supplying Information

People are so busy these days that they’ll happily pay to have YOU do a task for them. With the right team in place, this can be a powerful source of income for you because your clients quickly become “hooked” and never want to leave you.

Tip #2 Take A Look At Repackaging What You Already Do

Often there’s a way you can take the information you provide your 1-on-1 clients and re-purpose it into a membership program. For example, with a little imagination and creativity you can create ecourses, and teleseminars set up on replay schedules, each delivering information in bite sized pieces.

Tip #3 Create Specialty “Mini” Membership Income Streams

My Platinum client, Sandy, created three different membership-style offers by focusing each one on a specialized topic. For example, one “mini” membership service she offers is her “Social Networking Done For You” which focuses exclusively on providing daily and weekly social networking tasks for her clients, thus saving them tons of time and energy.

Keep It Simple So You Can Implement Your First — Or Your Next — Membership Income Stream Quickly

My advice is to start by offering something that reuses your existing content, or is a natural extension of what you already coach or consult your clients on. Remember, simple means speed, and speed means a quicker path to cash!

Source by Kendall Summerhawk

Investing for Dividends

When most people think about stocks and shares, they tend start out with the idea that you try and buy stocks that are cheap, and then sell them later on when they are more expensive. However, this isn’t the only way to invest and make money from stocks. Today, more and more people are starting to focus on dividends, both as an investment strategy, and also a way of obtaining a steady Clickbank.

Up until its climax in the dot-com crash of 2001, the prevailing strategy for most stock market funds and individual investors has been to target “growth”, that is, to buy companies that are predicted to grow their earnings faster than the market average. The alterative was “value” investing, where shares are bought based on the idea that companies are “undervalued” due, perhaps to short-term problems or modest growth prospects. Both of these strategies, however, depend on selling a stock at some later date for more than was initially paid for it.

Contrast this to the position of a small business owner, perhaps of a flower shop or restaurant. They will receive money regularly in the form of profits and perhaps be able to live very well off this income alone for most of their lives. In principal, an investor who owns shares in a profitable company is no different than the owner of a profitable shop. True, there are many shareholders to divide the profits amongst, but then McDonalds has a lot more than 1 store!

The fact is that most companies do pay their profits out to shareholders, but few investors pay much attention to them, instead focusing only on the share price. In part this is because most popular growth stocks have low or even no dividends, their price based on future predicted earnings. It doesn’t have to be this way though, there are plenty of large companies available that have long histories of paying out a steadily rising divided to shareholders. Dividend yields (the yearly dividend payout as a percentage of the cost of the share) are available for many large, stable companies at more than 5%, far more than you can make from most savings accounts.

Investing for dividends is a strategy with numerous advantages. The most obvious is that a portfolio full of high-yield companies will be paying you money every year, money that you can either re-invest in more shares, or use to cover unforeseen expenses. This has the additional advantage of reducing the need to sell shares if you require cash, which can be very helpful if current market prices are depressed, as they are currently.

Also, in most countries, dividends are treated more favourably than other forms of income, often because a company will have already paid tax on its profits before it distributes the remaining money to shareholders. Finally, it’s possible to never actually have to sell your shares, after all, why sell something that pays you a steady amount of money every year? Certainly you will often be able to get away with less buying and selling than other investment strategies, which can significantly reduce brokerage costs.

For some investors, the income from dividends can be all the income they need, allowing them to retire early, or work part time, and even if your portfolio never becomes quite that large, the regular dividend payments can act as a powerful incentive to keep investing whatever the economic conditions.

Source by Steve Salt

Forex Pips and Profits. How Does it Work?

As more automated forex robots are released on to the market we are seeing people who are not familiar with trading looking at buying them as a way to earn Source.
Yes I agree that this can happen however you will not always make the profits that are advertised. Why, because you will be trading in different Lot sizes and this will affect the value of the pips gained and or lost. You will also set your account up differently, be comfortable with different leverages and obviously have a different margin with your broker. I believe the more you know about trading the more success you will have using automated robots.

First of all let me explain pips. Pip is an acronym for Price Interest Points. In the wholesale market, all currencies are quoted to four decimal places, with the last placeholder called a point or a pip. The pip is 0.0001 ( one /10,000th)of the currency rate, with the exception to the rule being the Japanese Yen, in this case one pip is 0.01 ( 1 /10 ). If the currency pair EUR/USD was trading at 1.3525 and then moved to 1.3575, the movement is said to be 50 pips. The pip is the smallest measure of price movement used in Forex trading and when Traders refer to their wins or loses they usually refer to the number of pips gained or lost.

The other very important point is the actual value of the pip. This relates to the Lot size you are trading (the value of your transaction).
If you start with a full Lot($100,000) the pip will be worth around $10 USD, depending on the currency pairing, however if you trade with mini lots ($10,000)the value of a pip goes from $10.00 value to $1 or 0.10c in a micro lot ($1000).
The point to remember is the value of the pip affects both your profits and losses. When the trade goes against you and the pip is $10.00 if you have high leverage it does not take long to build up hugh losses.

One other thing to remember is the brokers are there to make money from your trading, Brokers realized that they can offer very high leverage as this will draw investors from other markets, but as traders you do not have to use it.

New traders all want to know how much capital (margin) do I need to start trading. Brokers will offer 100:1, 200:1, 400:1 and this means you need 1%, 0.5% or 0.25% of the transaction value as your margin (capital).
That is what is available, but when you are working out the leverage you feel comfortable with it might be you only want 5:1

Example. You have $2000.00 capital, broker offers 200:1 (which means you will be able to trade with a transaction value of $400,000) but you only want to trade a mini lot ($10,000) your real leverage for that trade is 10,000 divided by 2000 = 5 or 5:1. That is no problem you can do that.

“Leverage is measured by dividing the value of the transaction by your own capital”

When you first start trading high leverage is very risky(actually it is always risky) and is the number one reason most people fail. Using a robot that is basically scalping (small pip gains over a very short period) is one of the safest ways to trade. However it will lose trades and a slower approach , quietly building up your margin using small leverage is the way I would recommend.

Source by Lyndsay Wilkinson

The Four Levels of Wealth

There are basically four levels of wealth you must aim to attain.

Level 1: Financial Stability

The first level of wealth is known as financial stability. This is the most basic level of wealth that you must first attain.

You have achieved Financial Stability when:

1. You have accumulated enough liquid assets to cover your current expenses for a minimum of six months.

2. In addition, you have life and hospitalization insurance to protect you and/or your family’s lifestyle should you be permanently disabled, unable to work or if you pass away suddenly.

When you have attained this first level, you will have the peace of mind that should any unexpected challenges befall you (like retrenchment, business failure, pay cut, death or disability), you and your family’s lifestyle will not be compromised. Or worse, you or your family will not slide into debt.

Once you have achieved this, you must then aim to achieve:

Level 2: Financial Security

You have achieved Financial Security when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough make money online to cover your MOST BASIC expenses.

In other words, when you reach this level, you can stop working and maintain a very basic lifestyle. It also means that if you continue working, all your active income can be channeled towards your investments and this will further compound your assets and increase your income streams.

Of course, we shouldn’t be satisfied at being at this level. Once accomplished, you must then aim to go for:

Level 3: Financial Freedom

Many of us have heard of the dream of achieving financial freedom but what does it really mean? Well, Financial Freedom is when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough make money online to sustain your CURRENT LIFESTYLE. When you reach this level of Financial Freedom, you can choose to stop working and still maintain your current standard of living indefinitely! In reality, most people who achieve financial freedom love their work so much that they continue working not because they have to, but because they choose to. I can tell you from personal experience that it is a great feeling to have, being free of financial pressure & worries and working purely out of passion!

Obviously, the more expenses you have now, the more luxurious and indulgent your standard of living, the longer it will take for you to achieve financial freedom. So besides increasing your make money online, reducing your unnecessary/frivolous expenses will accelerate your way towards this fourth level. Finally, you must aim to achieve:

Level 4: Financial Abundance

So what is the ultimate level of wealth you can achieve? Financial Abundance is when you have through the investment of time, money and ideas, accumulated a critical amount of Positive Cash Flow Assets that generate enough make money online to sustain your DESIRED LIFESTYLE.

Your desired lifestyle is the amount of monthly expenses it will take for you to live the life of your dreams. This is totally subjective depending on the lifestyle that you desire.

If your desired lifestyle is to live in a 20,000 square-feet bungalow with a swimming pool, send your kids to the best schools and drive a Mercedes Benz S-Class, then you could be looking at a monthly lifestyle that’ll cost a cool $50,000. Of course the more luxurious your desired lifestyle, the longer it will take for you to achieve financial abundance.

The moment you reach the level of Financial Abundance, you will be able to choose to stop working and live your dream lifestyle indefinitely.

Again, most people who do reach this level usually love what they do so much that they keep on working for fun, channeling 100% of their active income towards charitable causes and further compounding their wealth.

With the right strategies and plans in place, you too will be able to achieve this ultimate level of wealth.

Source by Adam Khoo

Automate Your Income with Online Business Systems

Online business systems allow you to get an online business up and running, quickly and efficiently. Establishing systems can also allow you to earn money 24/7, while you sleep, while you’re on vacation or while you’re working on other money generating projects. Learning the types of business systems available online can help you create a  plan that earns you and more income in general.

Turnkey Businesses Can Earn You Money

Turnkey online businesses are similar to brick-and-mortar franchise operations. If you purchase a turnkey business, you typically receive a custom website built for you. The website includes all of the products uploaded onto the site, the shopping cart system is put in place and you’re ready to open your online business.

With a turnkey business, the foundation is set for you, but you are responsible for marketing and driving traffic to the website. Some turnkey online business systems process the orders for you by drop shipping the items ordered. Other systems require you to process the customer’s credit card, but still drop ship the order on your behalf so you don’t have to worry about product inventory.

Information Product Sales are also Successful

If you’re selling a service, then you’re selling information. Producing and selling information products is one online system you can put into place to generate ongoing income. Some examples of information products include teleseminars, webinars, CDs and ebooks.

Teleseminars and webinars are recorded during the live session and then the recordings and any supplemental handouts that go along with the program can be sold repeatedly from your own business website and through other business websites. CDs and ebooks also require you to create the content one time and then you have the opportunity to sell it over and over again, which is all .

Affiliate-type websites such as Clickbank and Amazon allow you to upload your information products to sell to the visitors of their websites. These websites also allow you to attract related business and website owners willing to sell your product through their own marketing efforts in exchange for a commission for each sale.

Extending Your Sales Force is Key

Setting up your own affiliate program is another online business system that allows you to extend your sales force with little to no effort on your part. Most online shopping cart software programs have the ability for you to establish an affiliate program. An affiliate sells your products and services, typically from their own online presence and using their own marketing efforts.

You agree to pay each affiliate a set percentage of each sale of your product. A payment schedule is typically monthly and can include a minimum amount be reached before the payment is sent.

Affiliate program marketing can be put on autopilot if the shopping cart system includes an affiliate feature. This allows affiliates to register for the program and obtain necessary affiliate links and banner codes automatically.

Some shopping carts take the automation process a step further by tracking affiliate sales, calculating affiliate payments and automatically generating payments and payment reports without you having to manually perform any of these functions.

Source by Morgan Leblanc

How to Make Money by Submitting Articles Thru Revenue Sharing

Article sites that share profits with authors are known as article revenue sharing sites. How it works is simple; An Author submits an article and every time that article earns money through adsense or any other advertising network, the site pays the author a percentage of the earning. This setup can be very lucrative for anyone committed to making money from submitting articles. It is not uncommon at all to expect upwards of $1,000 per month in author_link from revenue sharing. The income generated is passive because once an article is submitted there is little else an author must do other than sit back and collect a percentage of any earnings made. Articles may earn money as long as they remained published.

To get started with revenue sharing and article submission, follow these basic steps to maximize your profits:

  1. Write Unique Articles: This is the most important part. Search engines love unique content. Duplicate content is most likely to get buried and will be a needle in the haystack for potential readers to find. People can’t read it if they can’t find it. A uniquely written article will stand apart from other similar articles and will become more valuable in the long run. If you hope to become successful with article revenue sharing sites, avoid submitting exact content that is already available on the internet from other web sites.
  2. Keep it Short: Effective articles are between 250-600 words. Don’t write a book. Follow this advice for two reasons. Firstly, people read articles for quick information. Long and drawn out articles are not likely to be read to the end. Secondly, you do not want to provide too much information. Your objective should be to write just enough information to leave the reader needing more. Hopefully, if the reader isn’t completely satisfied, the reader will follow the ads within the article looking for even more information which will earn the author some money.
  3. Write Effective Titles: It’s important to keep the title relatively short, yet as descriptive as possible. Try to combine keywords from the article within the title. That practice can propel an article to the first pages of search results.
  4. Research Topics: It’s true that some topics are more competitive than others.  High competition will often drive the cost of ad clicks up which can be more profitable for authors. There is a downside to that though. The downside is that topics with a lot of competition may make it more difficult for an article to be found through search engines. To find a compromise, seek niches with reasonable competition and searches and use relevant keywords to stand out from the crowd.
  5. Write a Great Article: An article that is properly written and is interesting is likely to experience a lot of views over time. Great articles are also likely to get linked to and/or quoted which will result in increased readership thus earning the author even more money.
  6. Promote Articles: To really maximize profits, share and use social web site services to generate interest in articles and to drive additional traffic to them. If you own a web site or a blog, consider linking to your revenue sharing articles to further take advantage of passing web traffic.
  7. Write Often: A typical article with reasonable web traffic is likely to earn anywhere from $0.50 to $3.00 per month. In and of itself that is not a lot of money. The real money is made by compounding profits. That may mean writing and managing 100’s of articles. If an author were to average $3.00 per article each month from 100 articles, that would translate into $300 per month in revenue earnings. So just keep writing. The more articles in circulation the higher the income.
  8. Be Patient: Even if you write the best article anyone has ever read, it will take time for it to proliferate throughout the web. Don’t get discouraged if it seems you are not immediately earning money. That’s normal and a reason many people give up way too early before they get the chance to peek. Just keep writing and it will come.
  9. Take Credit: Always use your name or pen name within articles and build an online reputation for the articles written. You never know, it could lead to something else as well as establishing trust with readers.

The ultimate goal in article revenue sharing is to attract as many readers as possible on a consistent basis. The more people that visit an article, the more that can be earned. Successful articles will work on auto pilot and will experience routine page views for years and that is where the author_link really comes into play.

Source by Matt Rogers

How Can Passive Residual Income Give You a Better Life?

Someone once explained to me that he was taking a month or two vacation away from work. Naturally I asked how that was possible. Certainly no normal employer would allow someone to just randomly take a few months off. He went on to tell me about how he was making passive residual income and I was immediately hooked and had to have it.

First, let me explain exactly what passive residual income is. Passive income and residual income have slightly different definitions.

Passive income is income that is derived from business happenings that took place in the past. It means that the income comes even if you are inactive. It is income that comes without the persistent work.

Residual income is income that comes in intervals usually every month or year after the initial sale is made.

They are similar in definition except that make money online may not always be the same amount. For example, if you were to sell an information product, the sales from that product will differ every month. You could be paid consistently year after year for one time effort or work(make money online) but the income won’t be consistently the same. (residual)

In this day and age passive residual income can be a huge comfort zone for you and your family. What income would you rely on if you were to get laid off or got fired? You could always look for a new job, but lets face it, the economy has seen better days.

Not only will it provide you with a piece of mind but it will also allow you to spend more time with your family and friends. Time is money right? So if your passive residual income starts exceeding what you make at your day job, you can begin to cut back on hours or even quit!

Be careful not to do anything stupid and get carried away. It’s always better to be safe than sorry and that’s why I believe passive residual income to be a necessity for my lifestyle. Some people just aren’t made to live a worry free no time constraints life. In fact, many people have to have the 8-5 M-F job because that’s the way it is, that’s the way it always has been, and that’s the way it’s gonna be.

I say too bad for you. Passive residual income will allow me to set my own schedule. I have the opportunity to sleep in whenever I want. Heck, I can even take a few months off without skipping a beat!

There’s also no limit to the amount of passive residual income I can make. The more projects I complete, the more passive residual income I will make. Many jobs have an income ceiling.

To sum it all up, passive residual income will give me more freedoms than a normal job. Freedom is a good thing. Not for everyone but certainly for me. Life with passive residual income is good.

Source by Matt Helphrey

What are the best ways to create recurring or passive income streams for my practice?

Passive income is one of the most talked about concepts in wealth-creation. In networking marketing circles it’s known as ‘residual income’.

Passive income is money generated from passive investments such as real-estate, or dividends paid out from your share portfolio. Or, if you are an insurance agent or a mortgage broker, it is the residual income that you continue to earn long after the original sale has been made.

As a coach or consultant, you can take advantage of learning opportunities as well.

Time and Money

As a practitioner you probably generate most of your income exchanging time for money. You know a lot about your area of expertise, you know how to deliver it a valuable service. But you are still in the grips of ‘time-money’ problem. You can earn more by working longer hours, but you won’t be tapping into the icing on the cake: learning.

Have you ever heard this advice; ‘Go to school, get good grades, get a good job, get a steady salary, be on time, work hard – and you?ll live happily ever after?’ I don?t know about you, but I?d sure love to see the written guarantee on that one. Unfortunately, this advice comes from Tales from Fairyland, right after the tooth fairy story.

There’s nothing wrong with getting a steady fee-based income, unless it interferes with your ability to earn what you’re worth. Therein lies the catch, it usually does.

This line of thinking includes considering websites that generate membership income; it will also look at all the opportunities that you have to package your content (knowledge; specific subject expertise) into discrete marketable commodities: for example e-books that sell off a website.

Generating learning on the Internet is possible, but not without some investment in time and money.

It’s easy – deceptively easy – to create a Web site, but it’s another thing altogether to create an effective learning Web site.

The key lies in the value that you can develop in the information products for your website. In the personal development field the value of information lies in its ability to get people to buy the product on line. You can know for example that an E-book you produce is good but will somebody actually pay real dollars and buy it?

As noted earlier, sales won’t magically happen: it requires a marketing effort. In this highly populated world of the Internet, information products are produced in the millions – daily.

Add to that all the free information available on the Web and all the time people spend on social networking sites and networking sites such as LinkedIn & Facebook, some savvy marketing is required to create a as successful learning stream based on information products. It is possible.

Passive income strategy

Your website givs you the potential to reach a target market. What’s required to market such products?

Here are some practical steps that can help you create a passive (although not so passive in terms of the upfront marketing that is the investment side of this equation).

* Create your Unique Selling Proposition, then test it in the marketplace with different keywords to see what sort of response you get.
* $500 will let you run a solid Google Adwords campaign to generate market research data.
* Analyse who bought? How many bought? This can then form the basis of your more automated campaign that operates while you sleep. Tweak continuously and keep trying new groups with key words.

On the Internet, the best marketer wins. Not the best practitioner or therapist. You can win at this because most therapists and practitioners are not great marketers and few would invest the sort of time and effort it takes to succeed in generating a learning from information products.

Tip: Get used to testing different group targets with different key words. Don’t be surprised if you obtain quite low response rates. It’s not unusual for online response rates to be as low as 0.5 percent. For a targeted AdWord campaign, you may get a few hundred responses and only get two or three books sales. You need to get creative and experiment.

The results will, if you persevere, offer learning possibilities. Although you may not be able to sit on the beach all day doing nothing, we are talking about additional income over and above your money-for-time exchange.

Source by Anton Pearce

The most effective technique to Earn Residual Income Online

Residual Income, also known as Passive Income is the income you continue to receive through efforts that were made initially in which you then profit from through indirect involvements later on.

A good example of this would be Real Estate. The owner buys a house and continues to make residual income through rental payments on a monthly basis (these would be houses he/she purchased). Realizing this I began searching for residual income opportunities but through research realized that without a wealth of money, I would not be able to invest in any ventures such as Real Estate.

Knowing this I went on the internet and started searching for another residual income model. One that required hardly any starting capital and had a high earning potential. Through hours of searching (I must have been searching for a good 5-6 hours) I came across a business model called MLM (short for Multi-level Marketing) and looked to be the answer to my problem. Only a small investment required, boasted a great compensation plan and the products that most sold werent too shabby either.

So I began my research and to my fortune came across several training articles explaining that 97% of Network Marketers (that is people who work within an MLM) failed in this industry and the reason for it was the out-dated marketing methods being taught by uplines and businesses. meetings and prospecting in highly populated public areas such as the Mall (what’s funny is I read a few stories where people had been ejected from public areas for bugging the public about their business opportunity). Obviously i was irritated, thinking “well, if the succession rate is only 3%, how in the hell do I stand a chance of succeeding”. Knowing that, for some bizarre reason I continued my research of a good business model to promote and join. Through research and common sence it had come to my attention that Social Media was a must for Network Marketers nowadays due to its increasing potential for people to promote their business on these Social Mediums. Knowing that I created accounts at Twitter, Facebook, Youtube and Myspace.

Close to a day later I received a message from a Network Marketer called Kevin thomas telling me “tired of being the 97% that fail? Learn what your upline wont teach you and use these secret marketing techniques to become the 3% that succeed”. Obviously I was stoked and excited. Long story short, I clicked on his link, taking me to his website where I began to learn the secrets of marketing online, prospecting the right way and producing several residual income streams. If you havn’t yet worked out what business model I’m taking sides with and recommend to you, it’s the MLM business model, as it has a high earning potential with low start up costs (In my humble opinion) So without any further explanation, following these 6 simples steps will help creating unlimited residual income and success:

1. Choose the right Business Model/MLM Company

Now this may not be the most important part to creating residual income online, partly due to the fact that among the best MLM companies the product should be of good standard and the main factor for success is not what you sell but how you go about selling it (In most cases). With that said, I would recommend seeking out a Company that has been about for a while and preferably has a product which you are more inclined towards or can relate to. The reason for this is 9/10 pre-launches fail, and getting yourself involved in this will only have you looking for another Company a few month down the line.

2. Brand Yourself, not your business opportunity

You may be thinking, “what are you talking about? You’re supposed to promote your product or opportunity”. WRONG! Studies have found that using something called Attraction Marketing (The Law of Attraction, I highly recommend you read up on this) is a far more effective method. This method includes positioning yourself as an Industry leader by providing real value (this could be training, free reports, consultations or newsletters). What this does is put you in the lime light, financial freedom. Learning to market and brand yourself will have prospects poring from the tips of your fingers wanting to join you. I want you to ingrave this into your brain as it is crucial to success “People do business with people, they don’t join companies, they join people”. Provide value and you will become that sought after leader.

3. Use the Internet

Plain and simple the reason most at fault for creating such a high fail rate in the MLM industry is the old-school methods being taught to prospects, which forces them forget the recruiting potential of the internet, focusing only on recruiting offline which inevitably leads them to failure. Not knowing that only around 15% of people have a Type A personality that allows them to thrive with offline marketing. The same people who will call 150 leads only to receive 1 yes and 149 no’s, knowing that the next set of 149 leads may be no’s before he reaches another yes, do you want to waste your time doing that?. The internet has made this industry far more accessible to your average joe and if you aren’t using it, your missing out on a lot of profit.

4. Duplicable System

In order to become successful in this industry, you need a marketing and lead generation system in place. There are 2 ways to go about this, you could spend a lot of time and money in either creating or outsourcing your own system which has no guarantee of working, or you can plug-in to an existing proven system that has all the proper marketing and lead generation materials already. The key here is to be able to recruit your prospects into a Duplicable system where they can immediately plug-in and start learning without you having to be there. Lets be honest, if you had to stop and teach every person you recruited into your business and how to create their own system, they’d either quit or you’d lose too much time. By plug-in them into an already proven marketing and lead generation system, your downline can begin to learn and funnel their own leads into the system and business while you spend time on more productive tasks. Remember, your success is only as good as your downlines success, the above does not mean you should neglect them when they require help.

5. Other Multiple Streams of Income

Another reason for the majority crashing out of this industry within the first few months is the lack of money available. With an MLM company you have to purchase an auto ship on a monthly basis, but most are not able to recruit enough people into their company to cover those costs and are forced to quit and find a job to supplement that loss. By learning a method that will allow you to profit from 95% of those who say no to your primary business opportunity you can produce enough income to cover costs and some even make a living from these income streams alone, sounds good right?

6. Focus, and stick with it

Statistics say that 95% of those who stick with their MLM Company eventually make 6 or 7 figure incomes yearly, instead of going from opportunity to opportunity on a monthly basis, stay focused, stick with one and you will succeed. There is no quick and easy route to make money, no corners you can cut or no special magic potion, this industry does take some effort but if done right the income potential can be limitless!

To Your Success,

Jason Perez O’Connor, Attraction Marketing Coach.

Source by Jason Perez OConnor

How to Create an Inflation Proof Passive Income on Autopilot

Would you like to build a web based business that will continue to pay you over and over regardless of the market conditions? With the number of people getting laid off in their jobs this should be an appealing idea.

In this article let’s talk about how to create an inflation proof residual income stream that you can run on autopilot.

1. One of the first points we want make is that your business should be done on the Internet. The Internet allows you to take advantage of a worldwide economy, as opposed to being tied to a local market. Because of this, you will always have the ability to sell products or services somewhere that is not in a recession.

2. Create information products to sell, whenever possible. These tie in well with the worldwide Internet theme because information products can be delivered instantly online.

All you need is a website, a sales page that converts, and a payment processor to collect the money. Then you spend the majority of your time driving traffic to this page.

3. If you do not get enough targeted traffic to your money making site, you will never make any money. One of the nice things about using the Internet for traffic is you can set it up on autopilot to run 24 hours a day.

There are multiple ways to do this, but Google Adwords is a pay per click advertising program that can generate a lot of traffic for you on an ongoing basis. As a matter of fact any form of paid advertising can generate new traffic 24 hours a day.

4. Another important thing to consider is creating a system for selling back end products. A back end product is something that ties in with your original product and is easier to sell once you have a person’s credit card information.

This is a great way to create a make money online because you can go back to that person and sell products or services on ongoing basis.

5. One last point we want to make is consider setting up an affiliate program of your own to make money from home on an ongoing basis. This works wonderful because you have affiliates working for you 24 hours a day to create more sales. This can be an excellent way to make residual income because even when you are not working they are.

These are five ideas on how to create an inflation proof residual income stream and run it on autopilot.

Source by Elmar Sandyck