TODAY INDIA

What Exactly Is Passive Income?

Any income where the individual does not have to physically earn is called passive income. This of course is a very attractive way of earning an income and indeed those who are lucky enough to make a decent living this way are quite happy.

Ways To Generate Loads Of Passive Income-

There are currently some very popular and common ways to earn a passive income. Writing a new melody or song or even a jingle and then selling it as a commercial property will earn some very lucrative passive income. Opening a bank savings account, is another way which just by saving money can get the individual some interest residual income though it is not that much and fluctuates often at the whim and fancy of the banking systems.

Staring a multi level business is another way to generate passive income. There are some multi level companies that don’t require the standard work of recruiting and selling product but just to use their products. Becoming a financial product consultant is not only a good passive income source it is also a way to expand the client base.

For those with a little more money to spare, they can consider other type of investments which are likely to bring in the returns. Buying property and renting it out helps the individual to pay for the loan thus not requiring any immediate financial commitment.

There are a lot of innovative ways to make money of the internet engine. All it takes is a little time spent to look for the legitimate business tools. One of the more popular tools include the creation of one’s own information for e books and other sell on line tools that require perhaps language changes.

On the more risky way of getting passive income would be to invest in various stocks and bonds. However, the risks levels are quite high and often not worth the risks.

Residual Income-

After paying off all monthly commitments the money left over is known as residual income. This income can be of great help to an individual and is normally linked to the older more established income group. This is also the way the banking industry calculates the probability of giving out a loan commitment to their clients. This is an income that also continues to give well past the time frame of the first initial payment.

There are many ways to try and earn residual income. Writing for instance is one way of adventuring into this realm of gaining residual income.

If the writing material is good there would be a chance to sell the rights, and so it is with other avenues like writing a workable software program, composing a song, inventing a gadget and many more.

Becoming famous like perhaps as an actor or singer, where there are still payments coming in every time the work previously done is reused. When this is done for further entertainment modes, the said entertainer gets a residual income in the form of certain percentages form the original initial performance.

Earning residual income from real estate is perhaps one of the more popular styles of investment with this intention in mind. If done well this type of residual income in the most ideal and profitable.

Other much simpler ways of getting residual income would include starting a savings plan early on in age. Keeping to this diligently would help to ensure the comfortable retirement where residual income would be a great help.

The best types of residual income plans are normally where the individual had total autonomy over how, where and when the product is used. In being able to dictate the using methods the individual also has the end say over how the general promotion and other aspects of the invention goes.

Leveraged Income-

Possibility of having a continuous income in a long term scenario. Using the leverage income style, the individual ears more money with much less This is perhaps among the most beneficial ways of creating the effort simply because the profits made don’t only come as a direct result of one’s own efforts but also from the added sources of other people’s efforts.

Ideally most people work towards trying to earn this style of income both in the short term and long term scenario. In its most basic terms, leverage income allows the individual to concentrate on other endeavors once the initial stages of setting up and getting a particular project started. This said project is then left to generate income with no need for anymore particular daily involvements on the part of the investor or inventor.

Most people who are financially comfortable have ventured into this type of investment, with the intentions of generating some sort of leveraged income. Using a little time and effort to realize a project and then stepping back as the project eventually runs itself is indeed the perfect scenario. This leverage style of earning power gives the individual the option to retire early and enjoy the fruits of his or her labor without the hassle of having to oversee the foray or having to be physically involved.

Besides the various investment arms that can be used to generate leveraged income, starting up a network marketing company or business venture is also another one of the more popular ways of generating this style of income. This of course requires a little hard work in the beginning but once the business is established then there will no longer be a need to be as completely involved as in the initial stages.

Active Leveraged Income-

Active leveraged income works on more or less the same principals of the normal leverage income format with one significant distinction. In this style the individual will be required to be more hands on and have a higher percentage of involvement in the initial stage and at some stagnated stage throughout the foray.

Being able to provide a service or product that “keeps on giving” on a large scale would be of course quite ideal, thus making a study of such a product or service may bring about some rather interesting and viable options.

Some of the simple options of active leveraged income would include providing one’s services at workshop conferences and seminars. Also conducting training session for corporations is also beneficial as the material used would have already been designed as a basic format to be used over and over again with only a few adjustments being made every so often.

Designing good home study modules are also another very profitable way of garnering the leveraged income style of earning a comfortable living. This also requires an initial investment of time and effort which usually create the platform for continuous and profitable sources of income. Thus by doing so, it allows the individual to then be able to focus on other possible forays to further enhance the income base.

The more successful formulas used in the past just required the individual to focus on designing a product or service that would be continuously and consistently used and reused, thus creating the desired revenue that would eventually evolve into leveraged income.

There are basically three types of leveraged income styles. The active leverage style, the passive leverage style and the basic leverage style. All there style require some degree of initial work but if well designed and executed the long term hand on participation can be kept to a minimal level.

Internet Marketing-

Internet marketing is also referred to by several other terms such as digital marketing, web marketing, online marketing, search marketing, and e marketing. All these have the similar marketing style with only a few minor difference but all have the main intention of making money.

This style of marketing is considered to be fairly broad and lucrative. This style may include services like creative and technical assistance, designing, development, advertising and sales. The various possible services the internet marketing tool can provide include the interactive customer engagement, a search engine provider for marketing purposes, a platform for ads, and many other possible earning tools.

The use of the internet marketing tool can provide for the one to one approach which is not always possible in the “real” world scenario. This approach though fairly broad and with no particular direction can be reached through the use of key words which are entered by the user in order to garner the required information or service.

Designing marketing tools which are supposed to appeal to specific interest groups is also done through the internet marketing route. This style created the platform for the connections to be made between a typical segment group and the product touted.

Niche marketing done through the internet marketing tool has its merits. The success of the style is very successful indeed and is certainly popular with those people who have limited time and interest to browse the internet. Thus this service provided is very beneficial to them and wide used too.

The advantages of creating an internet marketing business has it many advantages, ranging from the possible huge incomes derived to the leisure pace one can dictate. However nothing of course comes without some level of effort put in to see the success desired and being the most common tool of business now, it is well worth the effort to look into.

The individual who chooses to provide residual incomes for themselves through the passive income style are people who are very focused and with a positive mindset. The strong positive mind set is almost a prerequisite in keeping the individual in track toward success.

Being hopeful is also another attribute that is needed for this kind of endeavor. Because this style of residual income does not have the pressure on having to answer to superiors for not achieving a certain amount of business the individual has got to have all the necessary positive attributes to be able to push themselves to the next level.

This is especially necessary when the energy levels are low and coupled with the fact that the perhaps there is a lack of visible achievements being evident.

There are many self driven people that have chosen to venture into this type of earning arrears. Most of them already have the drive and the goal of being a success firmly in place and all they require is to be able to identify the relevant endeavor which will provide for what they desire. They are always alert to any possible avenues that will allow them to create a healthy residual income scenario. Being always in the know will also ensure they are very aware of the possibilities available to them.

So hopefuly I have gave you a pretty good idea as to what passive income is all about, and how you can start thinking of how you can start earning passive income.

To your great success on your passive income journey

Make Money Online Easily With This Method Working From Home

Do you want to learn how easily it is to make money online? If you are a newbie or even experience and actually looking for a real method to make some serious money online everyday 7 days a week working only 15 minutes a day then keep reading…

With this method I am about to reveal to you if you do the work and put in the effort you could reach a significant amount of daily income. The potential how much income can be limitless!

I’d recommend you do this and work at least 15 minutes twice a week on it just to be consistence and will see the money roll in.

This method includes having your own website that will get super targeted traffic that will come from all over the internet. Mostly traffic from Facebook, Instagram and YouTube. That’s the trick… to use all the popular sites that the masses hangout on.

Anyways.. here it for those who want to actually make their first dollar with something that is guarantee to work. You will need the FOLLOWING:

1-You need a domain name,

2-You need a Hosting provider

3-You need to do keyword research

4-You need to create a website

5-You need to monetize pages with plugins and widgets

6-You need to add content with value

7-You need to add display advertisement and affiliate offer to pages

8-You need to generate free traffic

9-And last but not least, send PPC advertising (Optional, you will bank on free traffic either way)

Now I know what you are thinking.. seems like a lot! Not really… Most of the 9 steps takes less than 5-10 minutes the most to setup and once you’re done.. the only thing that matters is to keep sending traffic which is the easy part.

Most of you here will be able to understand the steps im sure. There is really detailed guide with step by step how to set everything up complete with illustrations and screen captures and tutorials showing you from scratch how to do it. It is available on the amazon kindle store which I will share at the end of this article so make sure you pick that up.

So basically, one you create your website all you have to do is use the traffic sources to get the visitors. Your site will be a blog basically. Each post you make should have an eye catching headline and well structured for search engines to pick it up.

I’ll start by beginning with step 5 since most people don’t need help with the domain and hosting part but if you do I highly suggest you get the full guide so you get the full tutorial from beginning to end.

SO here we go.. Step 5 is you need to monetize pages with plugins and widgets. The following plugins is what you’ll be using on your blog site.

A- Yoast SEO – lets you know if your SEO is good for posts

B- Popup Sync Facebook Page – Locks your homepage forcing visitors to click the “LIKE” button on your FB Page

C- Floating Social bar – Easy for your visitors to like and share your content

D- Social Comments – Makes it easy for visitors to comment under your comment from their Fb account

Now you need to do the following once you have a functioning website/blog.

1- You need to add display advertisement and affiliate offer to pages

2- Signup for networks that pay. I use AdSense and Amazon affiliate

Once you setup your display advertisement on pages play around with your ad placement to get the best CTR (click through rate)

Every post you use should sell something from amazon, in my case I sell mostly books related to my content. Amazon is great because most people have an amazon account with the credit card information already stored to make quick purchases so it’s a friendly experience to get people to buy easy. Plus it’s one of the most trusted marketplaces online.

Now here are ways to get free targeted traffic to your website.

Facebook – You will join popular FB groups only related to your niche and will share your post at least twice a week. Don’t share it everyday it will get remove and people will think you are a spammer and report you to the mods.

Instagram – You will also have an Instagram page for your niche market. You will be uploading images depending on the niche and using the correct hashtags to drive visitors to like them. I use “quotes” in my pictures I share and watermark each image with a link back to the post I wrote about.

YouTube – Use a video editing software and splice clips together based on my niche and the subject your blog posts are about. Without sharing the full information in the videos just make a little video teaser that way your visitors will check your site out after to get more information what they just watched. Redirect them with a link is in the description of every video.

Facebook Page – Yeah you need a Facebook page and group also based on your niche – This will eventually built up and when it does your traffic will increase dramatically. When a FB page has a lot of “LIKES” you are recognized as an authority in what you post.

CONCLUSION

To understand how this works you will need to set it up. It may look like a basic method but it’s really not once you see how effective it is when put to work. There are a lot of factors that makes this work as you will see in the full guide. Get the full guide today on your kindle which will only be available for a limited time only. This is value you won’t find anywhere else it’s a priceless method revealed in full.

Profile of a Traveling Balut Vendor

Living in the city of Manila, I would often see the sidewalks lined up with vendors offering inexpensive items from clothing to food. Some vendors would even pound the streets peddling their goods to keep up with the competition. One of the iconic traveling vendors in the country is the balut vendor. He is the pioneer of night shifting even before the call center industry boom hit the Philippines shore. His usual work schedule starts at 7PM up until the wee small hours of the morning.

In my early teens, whenever my siblings and I would hear after dinnertime the call, “Baluuuut”, we would scramble to our feet and run to our gate and shout back, “Balut! Balut!”. The balut vendor would instantly know that we are interested to buy; he would stop in his track and drop his basket on the ground right near us. What we are craving for is balut, a fertilized duck egg that is boiled to perfection and eaten with salt.

As my older siblings are huddling with him to peek at the pile of balut eggs warming up in his basket, I am left on the sideline to stare at the balut vendor whom we respectfully call as ‘Manong’.

Here is a glimpse at some of the characteristics of a typical traveling balut vendor in the Philippines.

1. Carrying a round woven basket

If you see someone carrying a round woven basket in his arms and there is a bottle of spiced vinegar and a bunch of clear plastic bags filled with chicharon (fried pork rinds) hanging at the side of the basket, your brain would easily identify that man to be a balut vendor. His woven basket has a single handle, lined inside with cloth, and has a circular cover made of foam at the top. Some has swapped the basket with the Styrofoam cooler box but this is seldom seen.

The bicycle is now used by the traveling balut vendor as a new leverage in his business. For a small fee, he would rent the bicycle each day to increase his mobility and enable him to offer more types of nightly snack to his customers. Although his basket is not easily seen from afar, the balut vendor can still be recognized by the chicharon or quail eggs or roasted peanuts in clear plastic bags tightly tied in a bunch in front of his bicycle.

2. With lean physique

It is very unusual to see a traveling balut vendor to be overweight. The daily walking or cycling over long distances creates for him a lean body with toned arm muscles. His legs are shaped similarly to the firm legs of a walkathon or cycling enthusiast. Given the heavy weight of the egg basket and the bulk of his other snack offerings, he must also have a good sense of balance.

3. Undergraduate

Selling balut in the street can generate a profit between 3-4 pesos per balut to the traveling balut vendor. If he gets to sell 40 balut eggs daily, it would be an income of 120-160 pesos. Coupled with his profit from the other goods such as penoy egg, chicharon, etc, his nightly net income is between 250-300 pesos. This is less than the daily minimum wage of a worker if you are living in the national capital region (NCR) of the Philippines.

Thus, the traveling balut vendor could be an individual who is still studying and just doing this activity part-time or someone who is unable to find a more lucrative source of income because he has not finished his high school or college education. One traveling balut vendor that I talked to admitted that he was an overseas Filipino worker (OFW) whose employment contract has ended.

4. Street smart

Although not well-educated academically, the traveling balut vendor has an advanced knowledge of what streets are safe to pass by at night and is on alert for the modus operandi of muggers. He would hang out near bakery shops and/or entertainment bars to catch the attention of the customers craving for late snacks and balut.

5. With a touch of charm

It is common to have the nighttime street scenery of the Philippines dotted with small group of buddies having drinks especially during weekends. Balut is a nice pulutan or finger food with alcohol. The traveling balut vendor would sometimes be made fun though by these intoxicated customers during the sale process. He knows how to manipulate them with charm and brush off their teasing to complete the sale safely and quickly.

6. Has the ability to modulate his voice

A traveling balut vendor would alert his customers of his approach by calling out aloud, ‘Baluuut’, over and over again as he passes by the streets.

7. Systematic

For a typical balut vendor, he would say that ‘foam is king’. The balut and penoy eggs are systematically stacked in the basket on two levels separated by foam. The cloth and foam lining and top foam cover also serve as insulator to maintain a warm temperature inside the basket. They also cushion the eggs from the constant jarring.

If there are balut eggs that are not sold at the end of his shift, the traveling balut vendor would sell these leftover eggs first the next day. He would separate it from the other eggs by placing it in a special section of his basket.

Bookkeeping For Your Catering Business

Bookkeeping for your catering business involves using an accounting program like quick book, profit and loss statement etc that shows your business transactions up-to-date. There are many types of bookkeeping records. You need to select the type that is most suitable for you. It is also essential to gain knowledge about sales tax and payrolls in order to maintain proper bookkeeping.

Bookkeeping for your catering business consists of recording prime business transactions of income, purchases and sales. If your business is small and just growing, then you need to make entries for day today financial transactions and turnover. It is essential to appoint an accountant or bookkeeper to make these entries. If your catering business is a large one, then you need to use separate accounting software. It is also essential to maintain proper bookkeeping for the value of services sold to the customers and the value of stocks bought from the suppliers.

If you are a small owner running a business and want to maintain proper bookkeeping for your catering business, then bookkeeping software tool is an excellent option to record your daily financial activity. You need to just enter your daily cash or bank payment and receipt transactions in the software. This is simple and affordable. This also enables you to view transaction report, sales report, income and expenses statement and so on. This software provides you bar chart of your net income and expenses every month. This helps you to track your catering business progress frequently.

If you want to earn more profit in your catering business, then you need to control food cost. The best way to control cost for your catering business is to keep exquisite bookkeeping records. The bookkeeping for your catering business helps to track inventory, identify shrinkage problems, track your receiving and audit your pricing. A food-costing program based on these bookkeeping records can help you save lot of money and to run the business successfully.

Bookkeeping for your catering business is not difficult but may be time consuming. In fact, bookkeeping helps you to fix the correct price. You need to fix the price of your food item after considering material expenses, overhead, labor expenses plus certain percentage of profit. Materials include the raw materials like vegetables, fish, and chicken and so on. Overhead expenses include gas expenses, utility bills, rent etc. Labor expenses include salary to chef, other staffs etc.

Fixing the price for your food product is not easy. It is an art that requires a certain amount of skill and knowledge. Proper bookkeeping helps you track fluctuations in price levels and to fix correct price. One of the factors that lead to the success of catering business is proper record keeping.

If bookkeeping for your catering business is excellent, then you will not face any problems during tax payment. Again, records in bookkeeping help you track seasonal trends. This helps you to make better decisions and pre-organize events properly. In short, a good bookkeeping can save lot of time, money and effort and increase your profit. It also makes your business better organized.

Creating Wealth by Gearing Up

Gearing is where you borrow money to invest. As already mentioned, it is best to clear all your debt before looking at investment. However, there will arise situations where the investment is a good one and it is necessary to borrow a small amount to make the deal work. The borrowing may be for property or shares.

Gearing allows you to increase your investment and potentially obtain a higher return. On the downside, however, if the investment does not pay off you stand to lose a lot more. Negative gearing comes about when the interest you are paying on your borrowing is greater than the income from your investment (for example, from a rental property). You can claim the loss or difference against your taxation and write it off as a deduction against other income.

Negative gearing is not necessarily the best investment strategy. Even though you get a tax break it is still costing you money. That is, you may be saving yourself 25 cents in the dollar, but you have to spend one dollar to achieve that.

People look at negative gearing because they calculate that they will be able to sell the investment for more than they bought it and in the meantime their losses are deductible off other income they earn. They conclude that the Commissioner of Inland Revenue is in reality helping them fund the growth of the value of their property.

If it can be avoided, don’t borrow against your home for investment. This applies particularly when the investment is speculative. Things do go wrong and you wouldn’t want to find yourself (and your family) out on the street without a roof over your head.

If you borrow money to invest, this is known as margin lending. The extra funds raised allow you to invest more, increasing the potential returns, compared to what you would get from your standard savings. It allows you to use other people’s money so you can get a significant increase in your wealth from a small deposit.

The negative side is when share prices fall below a level and a margin call is made. When this happens you will have 24 hours to respond in one of three ways. You have to come up with the cash, you have to sell assets, or you have to provide additional assets to top up the equity.

If you have a margin loan, make sure you fully understand the terms of your loan and also put in place survival strategies in case things don’t work out.

The Ultimate Google AdSense Tip

Imagine searching for the ultimate Google AdSense tip and have it generate to a level which leads to your own personal Swiss bank account. The thought of having a web page that could produce an income stream of untold riches is the dream of every internet marketer. The ideal scenario for any web site owner is to have the kind of virtual real estate presence that will not only produce countless riches, but it would be easy to service and maintain. However, it isn’t that simple and the truly successful online business owners understand the nuances of a profitable web site. So, what exactly is this tip and how can it bring in the kind of money that expands a bank account to gratifying levels?

The most significant aspect of growing a business through AdSense income is to realize that it is not a get rich quick scheme. Shortly after an AdSense site is produced, many online business owners expect the cash flow to commence immediately and liberally. When the opposite occurs, frustrated web site owners are usually quick to blame Google with some nascent conspiracy that deprives them of rankings and income. How to make money with Google AdSense begins with patience and continues with the right measure of planning, targeted research, updating, choosing the right keywords, and using relevant content. The propensity to embrace a long term strategy with Google AdSense requires a mindset that is visionary and insightful. Such patience will be rewarded with a stout bank account.

How long does it take to reach these pinnacles? Yes, it is true that some Google AdSense marketers are bringing in princely sums of money while others are breeding an income which is more than generous. With the proper tools and appropriate designs, the process should take only a few weeks. As the process continues and the web site grows, your income could rise to exciting, substantial levels. Maintaining the site and building more AdSense is certainly an attractive option and should be seriously considered as your online business empire expands. However, some sites will not be profitable and need to be updated or replaced. Constant monitoring, producing a periodic web site traffic report, and daily updates are necessary to ensure a continuous flow of traffic.

When searching for the Google AdSense tip that will place your site at the apex of success, be sure to incorporate a reasonable measure of patience and plan accordingly.

How to Create Focused Strategy Goals

It’s hard to achieve anything without a goal. Whether you’re coaching a football team or running a business, you need a strategic plan.

A strategic plan helps to look at all the things your business can achieve and narrows them down to what your business is good at. Strategy goals also help business owners determine where to spend money, human capital and time.

But, how can you create focused strategy goals?

1. Remember Your Vision/Mission

Your vision explains where you want to be in the future and it’s how you want others to view your organization in the future.

A mission statement describes how your company will achieve its vision. It describes the “what.” So, as you develop a mission, it’s vital to ask yourself, “What am I passionate about? What do I value?“

Every business should have written vision and mission statements. These statements help you to make decisions based on what’s important for your business.

Focusing on your vision/mission statements will help you and your employees remember what’s important as you go about doing your daily tasks. Remembering your vision/mission helps you and your employees to remain focused and bound in common purpose.

2. Focus on the Big Picture

When creating strategic goals, remember the reason you started your business.

Who do you want to serve?
What products/services will you offer?
What is your mission?

These are the primary reasons you’re in business and they should always be at the forefront when you’re making decisions. Seeing the big picture will help you stay focused on your goals, and the daily hassles of running a business won’t distract you.

3. Concentrate on Your Big Goals

To create focused strategy goals, it’s important to focus on your big goals.

Do you have a specific amount of income you want to make during the year?
Do you want to launch multiple products?
Is there a lifestyle goal you want your company to support?

Every business owner’s goals will be different, but remember to include yours as part of your strategic plan. Always keep it simple, high-level, and targeted.

4. Stay True to Your Target Market

You’re in business to serve your customers. Ask them what they want and what they like most. Getting feedback can eliminate the stress and hassle of trying to predict what your customers like.

Surveys are simple to create and they add value to the customer experience. Getting feedback might even help you set a few priorities you’d never have considered.

5. Reflect on Successes and Failures

Many successful entrepreneurs not only reflect on what worked but also on what didn’t. Explore why things worked or didn’t. This will help you know what to avoid in the future.

Companies that survive the long term are those that identify where they hit the mark and also where may have failed. Take time from the daily activities to reflect and reposition based on what you see.

By staying focused on your vision, focusing on the big picture, and reflecting on your successes and failures, your business can weather the storm of distractions, daily unpredictable moments, and market challenges. Staying focused on your goals in a structured way can help any business owner succeed.

Business Blogging – How to Increase Visibility & Credibility by Blogging About Your Online Business

Marketing your online business by blogging on a daily basis will enable you to increase your visibility and gain credibility very quickly on the internet. Blogging is the very best way to let people know who you are and what you by giving them this information in your blog posts.

Blogging has come a long way since it was first around five years ago. People were blogging back then to keep an online diary of what they were doing. Blogs were more of a personal account of what someone was thinking and planning in their personal life. Blogs became known as ways to write on the internet without having any real use for business.

Very quickly the savvy marketers online saw the possibilities for having a blog. Overnight during these first few years, blogs sprang up everywhere, becoming more business in nature and offering a variety of products and services for sale. New blogging platforms were also available, giving people the option to own their own blog by using the Typepad or hosted WordPress option. No longer were people held hostage by the free blogging services, which could shut down your blog on a whim.

These days many people are using a blog instead of a website. The ease of posting and making changes to a blog versus having to write html code and upload all changes to a server make blogs the logical choice for business use.

It is important to post every day for the first four to six weeks of starting your blog. I refer to this as power blogging, and teach the concept to my students. This enables you to quickly gain ranking in the search engines, allowing more people to find you easily. You must also determine the keywords that you will be focusing on. By using these keywords in your blog post titles, it is much more likely that your blog will rank highly for those terms.

Also, make sure that you have a way to capture the name and email address of anyone who visits your site. The way to do this is to install an opt in box in the upper right hand corner, and offering a free gift to anyone who signs up. This free gift can be a short report, an audio recording, a consultation with you, or anything else that people in your market would consider to be valuable. This will help you to begin building your list so that you can offer these prospects more products and services over a period of time.

I also include a resource page on my blog, where I can recommend products and services that I endorse. These are all listed with my affiliate link, allowing me to earn money each time someone makes a purchase. I do this in my posts as well, but only about once a week. The remainder of my posts are filled with useful and helpful information on my topic. I encourage you to do the same thing so that your readers will come to know and trust you as you grow your online business.

Make Money on Autopilot Mode

Personal level Income Streams

Income can be broken down into essentially three types:

Earned income (1:1)

Portfolio income (Investment)

Passive income

Online profit streams

Regardless of whether you are beginning to develop your own business model or simply analyzing an existing business, the key focus is to decide on how are you going to generate that extra income. From my point of view, the best source of income is passive income whereby you do not have to physically there as it is created on an auto- pilot system.

If you’re familiar with flying, you know that an automatic pilot is an instrument the pilot uses to make flying a lot easier. It is not used during takeoff, when the pilot must concentrate on every detail. However, once at cruising altitude, the pilot can set his course, speed and altitude, turn on the automatic pilot, and presto- the plane takes over! The pilot is now free to do other things. This does not mean he can forget his job. However,this means he only need to check his gauges and instruments occasionally. The pressure of flying has been significantly reduced. Your goal, as a creative investor, is to launch your ship into financial orbit, and then put it on auto- pilot mode!

Take a look at the 2 scenarios below which will exemplify the point on scalability.

Scenario A: David is an accountant in a firm and has been offering one-to- one professional service to small and medium- tier businesses for the last fifteen years. Although he charges $200 an hour, his revenue potential is limited as he only has 24 hours a day. He rants at the accounting software which only caters to the big companies and is not user- friendly for the small firm.He ends up slogging day and night for 10 hours daily. His wife threatens to file for a divorce with him as he hardly has time for his family.

Now, consider the following scenario B.

Scenario B: David leverages on his capability of offering sound accounting advice and develops a new software with templates that aids the accounting function of these businesses. His software is well- received as he understands the common accounting difficulties small and medium- tier business faces. He is able to provide a solution for their businesses needs. David is now able to enjoy more time with his family as he earns from the royalties from the sales of the software. He no longer have to be physically present to earn an income as he is able to create a system that runs on auto- pilot mode.

The above scenario is a tad simplistic, yet this point highlights the fact that as we develop from an Industrial Age to an Information Age, there can be boundless opportunities and the ability to reach out to the mass in a much shorter time. In your course of life, do think about making use of technology to aid you to work smarter, not harder.

Elininating Parent Stress (Part 3-4 ) Simplify Your Daily Shedule

One way to make a lot more time in your day is to simplify your daily schedule. Sounds easier than it is right? Not necessarily. Here are some easy ways that you can free up some time in your schedule every day. Make technology your friend – Does that meeting really have to be in person? Don’t add a 45 minute commute to a meeting to your day. Use Netmeeting or another Internet conferencing service to hold the meeting on the Internet, or on the phone, perhaps even using streaming video. Cutting out that commute time and all the time that is wasted waiting for everyone to show up and waiting for a meeting to begin, parking, and all the other hassles that go with in person meetings can give you hours day. If you can’t avoid going to a meeting then use the computer to plan out a traffic free route to get there, find nearby parking with an online search, and pay for your parking online before you even get there. These days, nearly everything can be done online. Use the Internet to help you conduct your business more efficiently. Take the train – You may not be able to avoid a commute to the office but if public transportation is available, take it instead of driving. Use your commute time to take care of personal business, or even get started on things like reading your business emails to cut down on the amount of work you will need to do when you get to the office. Combine activities – Instead of trying to schedule time at the gym and family time on the same night, take a walk or a bike ride as a family after dinner and combine those things. The more activities you can combine the more time you will have to spend on other things. Focus on the task at hand – If you are trying to think ahead to the next task on your list you will rush through the one you are doing without paying attention to it. If you do this task poorly, you may need to redo it and end up with less time. Don’t worry about the next item on your schedule; focus on the one that you are working on at the moment and really concentrate on getting it done. You’ll be amazed at how quickly you can accomplish a task if you are really concentrating on it and giving it all of your attention. When that task or meeting is done go on to the next but still concentrate on just one thing at a time. Working efficiently is a great way to get the most free time possible.

WORKING FROM HOME
Sometimes it seems like you should have more time working at home than someone who doesn’t work from home, but, in fact, you may find that you have less. That’s because there are so many distractions at home and so many ways to get sidetracked from your work, which makes you go off schedule and eats up your time. If you work from home, here are some ways to minimize your at home disruptions so that you can get your work done as quickly and efficiently as possible. De-clutter your workspace – It’s amazing how fast clutter can clog up your workspace, especially in a home office that may end up crowded with kids toys, pets, or other distractions. But it’s important to keep your office, a place of business where things are orderly and tidy and you can find everything you need easily without digging through files or stacks of paper. It’s easy to get off track when you have to go digging for an item that you really need. The time that gets wasted digging for a particular paper or CD or other item can really add up through the course of a day so make your home office a clutter free zone!

Only check your email at scheduled times – One of the biggest time wasters for work at home parents is email. Make sure you have separate business and personal emails and don’t check your personal email at all while you’re working. Check your business email twice a day, maybe when you start work and just before you are ready to quit for the day. Don’t become a slave to email and sit there reading and answering emails all day long. The same rule applies for web surfing. You might only intend to look up one thing or check that eBay auction you want to bid on but, before you know it you’ve spent an hour surfing online. Remember that the faster you get the work done the faster you can spend time with your family so when you are in your office really focus on getting that work done.

Get the kids out of the house- It’s really difficult to work when your kids are interrupting every few minutes needing something, wanting something, or doing things they shouldn’t be doing. If your kids are still so young that they can’t be left unsupervised then either hire a babysitter to come in and watch them during your work hours or get them out of the house. Send them on play dates, send them to a neighbor’s, schedule lessons or sports activities during your work hours or wait to do your work while they are in school or at after school activities. You will be able to work much faster and more efficiently if there is no one around interrupting you every five minutes.Schedule time for errands -Instead of running to the store, the post office, the dry cleaner, or other errands every day, pick one or two days a week that are your errand days and only do errands on those days. Gas up the car, pick up the groceries, mail out the bills, do any and all errands that need to be done for the week ahead on those specified days. It will take some planning at first to get in the habit of getting all of your weekly errands done on those specified days, but once you get the hang of it you’ll be amazed at how much time you can save. Set scheduled work hours – It’s really nice to be able to work from home and keep a flexible schedule, but parents who are trying to balance a family and a business should set regular business hours and stick to them. Having regular business hours will make it easier to manage stress and give you more time for your family. It doesn’t matter what hours you decide to work but set a regular work time period and stick to it. Turn off the business phone at night – Work hard and focus on your work during your normal work hours but once those hours are up for the day turn off the business computer and the business phone and don’t think about business. Once work hours are up then it’s time for family and time to focus on being a parent. If you let yourself get distracted late at night or early in the morning by work phone messages or work emails, that’s taking time away from your family

Using flex time If you don’t work from home, and your job isn’t willing to let you work from home all the time, you should consider asking for Flex Time. Flex Time allows you to work at home for a pre-set number of hours per week. Usually employers will allow Flex Time for up to 20 hours of a 40 hour work week. Flex Time can be a great way to get a little more flexibility in your daily schedule but still keep your boss happy and get all your tasks done at the office. When you are working at home using Flex Time, though, you need to make sure that you don’t end up wasting the time you are supposed to be working. Here are a few ways you can make sure that you can work just as well at home as you can at the office. Make copies of everything – If you work with files or reports or any kind of paperwork, make two copies of every single piece and keep one at the office and one at home. That way you don’t have to stop working if you leave a file or a paper at the place where you are not. No matter how organized you are, eventually you will leave an important file in the office or on your desk at home and you won’t have it when you really need it. Plan ahead and make copies so that there is always a copy of whatever paperwork you need wherever you are working. Use a laptop – Instead of having one computer in your office and one at home, invest in one high quality laptop computer that you can use in the office or at home. If you have a laptop then you won’t have to worry about files you need being on your computer, or work or an email you need to answer being on the computer at home. Keep everything organized on a laptop and save yourself the hassle of constantly hunting for the information you need to do your job. Use your time wisely – If you can work at home on Flex Time two days a week then get up at the same time that you would if you were going into the office and use the time you would have spent commuting to exercise, read, plan your to do lists, return phone calls, pick up the dry cleaning, or do other errands that you didn’t have time for during the rest of the week. If you have a half hour or longer commute like most people do, then using that time productively for other things on your Flex days can give you a lot more free time to spend with your family.
STARTING YOUR OWN HOME BUSINESS

If you really want to make more time to spend with your family but still need some kind of extra income, you should consider starting your own home business. There are lots of ways that you can work at home and earn money. Parents with small children love home based businesses because they have the flexibility to work around their children’s schedules, save money on daycare, and still bring in some income. It’s easy to find resources on the Internet that will help you start your own home based business, but what type of business should you start? Here are some home based businesses that are really popular with parents.

Administrative work – If you have a background in office clerical work you can easily start to do administrative work for businesses as a freelance business. There are lots of resources online to help you find clients and beef up your resume to help attract clients. You can spend a few hours a day doing basic administrative work while the kids are at school or at night after the kids are in bed.
Online support – If you are comfortable on the computer and have a background in customer service, you can find work as an online
support specialist. Many businesses these days have live help available for their customers through chat applications and email.
These companies need trained customer service reps to help their online customers. Since online businesses run all over the world, it’s
easy to pick a shift that fits into your schedule.
Virtual assistant – Do you have extensive corporate training? Then you can work as a virtual assistant for a busy business executive.
There are executives all over the world who don’t work out of an office but need someone to answer their phone through the Internet, screen their email, and make travel arrangements.
Accounting – Many businesses need reliable people to do their books. If you have experience in accounts payable and accounts receivable, you could start a freelance business doing accounting for businesses.

Child Care – Opening your own child care business can be a great way to stay at home with your kids and earn money, especially if you have small kids who still need a lot of supervision and may not attend school yet. Be sure to check out the local and state licensing regulations for child care businesses where you live and make sure that you fulfill all the regulations before you officially open for business though.

Online Tutoring – If you have a high degree of education in one area, like a college degree in English or Math or a fluency in another language, then you can become on online tutor. The trend of parents hiring online tutors to help their kids with school work through chat applications and instant messaging is growing since many parents don’t have the time or money to take their kids to a highly specialized tutoring center.

Personal Shopper – You can make some extra income while you run your errands as a personal shopper. Busy professionals will pay good money for reliable people to handle errands like going to the post office, picking up groceries, picking up the dry cleaning, and other errands.

Catering -If you love to cook and entertain then consider starting your own catering business. Pick an area you really enjoy or have a lot of experience in to specialize. For example, you could specialize in catering kids’ birthday parties or holiday dinners or even seasonal items like holiday cookies and cakes. Many stay at home moms make extra income baking holiday cookies for people who love homemade cookies but are too busy to bake. Any time you want to open a business dealing with food be sure to check out the regulations about selling food where you live. You may need a permit or you may need to get your kitchen certified.

Pet sitting/Walking – Pet care is one of the hottest growing fields and it’s the perfect job for parents who want to stay at home. If you are used to being around pets, there are many professionals who pay people to walk their dogs or spend time with their pets during the day. Before beginning a business like this, check to see if there are any regulations about starting a pet business in your area. You should also consider getting bonded, since you will be given access to people’s homes and many times people prefer to hire people who are bonded when the job involves being in their homes when they aren’t there. Our series will cover all the above aspects with ideas and solutions so please don’t forget to look out for the next part of this series If you would like to purchase the book this article is from go to http://quickinfoebooks.com/pregnancy-baby/eliminate-stress/#ordernow