Friday, July 27, 2012

Residual Passive Income Is Necessary If You Desire Financial & Time Freedom

Residual passive income is necessary if you desire financial and time freedom. If you currently are an employee working for someone, you must exchange your time for an income. Without a residual passive income your wealth and ability to have time freedom has a cap on it. In corporate America the freedom of choice concerning your lifestyle of doing what you want to do, when you want to do it and where you want to do it is nonexistent unless the residual passive income is there.

Most of us work at a job and as mentioned must trade our time for money. The time paradox can be broken down into to types of time. Indentured time which is the time we must spend working on our job, the time we spend eating, the time we spend sleeping and any other time that we must spend meeting our financial liabilities. Free time is the time we all seem to be wanting; however unable to obtain for various reasons.

Once we have an understanding as to the only solution to the situation concerning little time freedom, no financial freedom and how to acquire it. We can then begin to live a lifestyle most people dream about. This is both financial and time freedom. So to sum up there are only two types of time. Passive time and trading time for dollars time. The wealthy build legacies through passive income. So this is the answer. Residual passive income is essential for financial and time freedom.

My question to you is this: Are you currently stressed out over money? Are you and your spouse arguing over finances? Will you be arguing over money next week, next month and next year? Well a residual passive income eliminates those stresses. Is your residual passive income lower than your expenses? And let me add this money does not equal lifestyle. Time does not equal lifestyle. Only residual passive income equals lifestyle.

Would you like to find that magic number needed to begin living that lifestyle you deserve? If you answered yes then do this. List all your expenses and add them up. Calculate your expenses on the mortgage or rent, groceries, heating or air conditioning, health insurance, car payments, car maintenance, credit card debt, internet, cable TV, cell phone and any other expenses you have. Once totaled, this is your magic number.

Now here is your residual passive income goal. You must have a highly automated, low-maintenance business designed to generate income, free up time, and generate a high return on investment for it's owner. So in summation your residual income must be at least your expense magic number.

Robert Kiyosaki shares what he calls the cashflow quadrant in several of his books. If you draw a large positive sign on a piece of paper ( eg. + ) Then write a capital E on the top left, a capital B on the top right, a capital S on the bottom left and a capital I on the bottom right you will now see where you need to be in order to have that lifestyle you dream of.

The E stands for employee - you don't want there. Here you are trading time for dollars, no time freedom, paying high amount of taxes to name just a few negatives. The S on the bottom left is almost as bad. It stands for self-employed and again no time freedom with many negatives. So the bottom line is you do not want to be on the left side of the quadrant.

Now on the top right is a B. This is a business owner with many negatives. One of which is again time freedom. Now here is where you want to be. On the bottom right of the quadrant. This is where you placed the I. The Inventor or investor is where now you create the residual passive income. This is where your money goes to work for you without you being active with it, thus giving you time freedom while your money grows exponentially.

So you might be asking, what is residual passive income? It is any kind of income where you do not have to actively work for that income while you earn money from it. The 3 ways to accomplish this is through royalties, inventions and home-based businesses.

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Wednesday, July 18, 2012

How To Advertise Online Free With Backpage

Advertising free with Backpage online is a great way to position your business on the web. This shares with you that it is possible to get something for nothing. When you are operating your business on a budget, this site is a great place to generate traffic. Free classified ad sites like Backpage can really help promote your online business. This site is international as well as the United States.

If you are an entrepreneur looking to advertise your business online for free, this website allows you to expose your business with ease. There are hundreds of free classified ad sites available and Backpage is one such site. Many times it is considered as Craigslist's cousin. One of the pieces of information to consider is what your competition is advertising such as what type of business, what are their texts, their titles, their images and how often they run their ads. Another thing you might consider is on what other sites are they advertising.

When advertising in Backpage you want to place your ads under services and then the category biz ops. Don't be alarmed when you see hundreds of ads under this category. This site gets millions of viewers each and every day. This means your ads will get great exposure. Keep in mind that it is a numbers game; therefore for best results you must place hundreds of ads each day and you must be consistent with your efforts. Backpage allows you to place ads in multiple cities; although I highly recommend that you do not place more than 5 ads per email address each day.

This strategy can be accomplished by obtaining several gmail addresses and then you will have the ability to place many ads each day. An example: Let's say that you have gmail #1 and place ads with that email in 5 different cities. Now on number 6 city change to gmail #2 and then on city number 11 change to gmail #3. You can obtain these gmails and forward them to one main email. The reason for forwarding is Backpage will send an email you to confirm your ad before it is published. This will eliminate you from going to different gmail addresses.

Through all this process, you must be persistent and diligent on taking advantage of how to avail low cost advertisements. You would be amazed that there are lots of free online publications and classified sites like Backpage which you can utilize along with the application of proper internet strategies to make everything a huge success. Backpage can effectively help you develop massive amounts of leads.

To generate good and effective leads with this free classified ad site, you have to place good relevant ad copy. That means the inclusion of high impact words of action that would move potential clients to a desire to purchase what you are offering. Also, it would help a lot if you would use a system that will track the performance of your placed ad so that you will know which ones are acting effective for the benefit of your business.

One of the ways you could do this is the use of landing pages that direct them into an auto responder to capture your prospect's name and email address. This can be accomplished by going to this website:CLICK HERE NOW

Wednesday, July 4, 2012

It Is Easy To Get Better With Your MLM Prospecting

It is easy to get better with your MLM prospecting. If you are struggling, maybe this post will shine some light on how to get better. This post will help you avoid ridiculous MLM prospecting blunders that never work. When you are prospecting, know where your prospect is.

One of the most common MLM prospecting blunder has something to do with not understanding how receptive your prospect is to the industry. Most network marketers display desperation in their body language and voice. Desperation comes across when you attempt to sell something or get someone to join or do something that is not ready for that step or anywhere close to it for that matter. People are looking for a WHIFM (What's In It For Me).

It is like asking the stranger at the bar to sleep with you, network marketers that send their company links or “join now” lingo to people they do not actually know and have no idea where they are temperature wise is one of the biggest ways this industry is viewed at by many with skepticism. Network marketing is a better, leveraged way to make a living so why do we have to devalue it by being such crap sales people, throwing up on people and blasting our links to anyone and everyone whether they have a pulse or not?

Here is an unfortunate story of MLM prospecting and how to avoid them.

The other day a lady sent me a message on the wall of my Facebook profile page a very short message and in a nut shell said said “Lloyd, join me! Click here!” of which I replied in a private message back to her, is that really your pitch my friend? You might consider a different approach. She replied how she desperately needed me to join and it was not nice that I was so rude to her…then five minutes later sent me a bible verse.

This is what I am talking about. YOU do not DESPERATELY need ANYONE. In fact, this was my actual response to her:

“Here’s the thing you have to understand, you don’t desperately need anyone, you have the power to become one of the greatest networkers in the world but you have to choose to be. Stop being someone of desperation. BE someone of power and being someone that gets offended easily will prevent you from receiving coaching aimed at helping you, which, was the only way I got out of my financial and mental woes.”

NOTE: If you are the person that wrote this to me, I won’t share who you are, but I hope you see that I was only trying to help. So, how do you prevent these MLM prospecting follies?

Here are a few of Lloyd's - Rules of MLM Prospecting

1). You don’t need anyone. Never get caught up on one prospect no matter their potential. Lots of times the ones with the most potential also tend to do the least.

2). Never send an unsolicited link. Stop throwing hail mary’s into the end zone and hoping for a touchdown and instead work your prospect until they are ready to see a link. Instead start sending ONLY value to help someone become a better human being or to help them with their prospecting and growth of their business. The value you offer is in a direct result of the income you will make. If you desire a 6 figure income, then you must deliver value worth 6 figures.

3). Find out why someone would be possibly interested in your opportunity BEFORE you suggest they join. One of my favorite questions is Why? Asking why has allowed me to recruit hundreds of people into my network marketing business AND it was their idea.

4). NEVER CONVINCE. I repeat, NEVER CONVINCE. If someone is negative, I say, “Cool, not a fit for you, it is no biggie, let me ask you this, do you know anyone that has been affected by the economy that actually MIGHT want to make some extra money?”

Raising the conversation level within network marketing is important, if you desire it to reward you. We DO NOT need to go begging people to get in or thinking we are lesser human beings for being in this amazing industry. Go out and make it your best day ever!

Oh yes, do you have any other rules of MLM prospecting? If you do, please share them below in the comments section. Also if you enjoyed this post please comment and share the post. And a big thank you to Ray Higdon for sharing some of this content. He is a true leader in this industry.

You may go here to learn how to market your MLM business: JOIN FREE HERE

Have a fantastic day!
Lloyd Dobson
Skype: wealthbuilder11