2 Ways To Evaluate A Passive Income Opportunity

Is your money working for you? Or are you working for money? One important reason why people struggle financially is because throughout their schooling life they are drilled into thinking taking a job is the best way to earn money. This results in people working for money, trading their precious time to money. Most are so caught up in this paradigm that some never consider a passive income opportunity.

And what is a passive income opportunity? They are simply ways for you to earn money even when you are not doing anything, even when you're asleep. You put in the effort once and you continue to get paid again and again without you having to put in more effort on your part.

An example of a passive income opportunity is you putting in the effort to build a successful online business. It continues to generate income for you as long as your business is running, whether you are there or not.

As Robert Kiyosaki said, passive income is your money working hard FOR more money FOR you.

Taking on a passive income opportunity is the key to financial freedom, but it's important to evaluate them. As we all know "get rich quick" scams are all so common these days, and there are so many out there. It's important to know what to consider so that our time is well spent on a passive income opportunity which will bring us real results in the long run.

Here are the 2 criteria's to evaluate a passive income opportunity.

1. Right Market

One important point to evaluate a passive income opportunity is to make sure that the market is of considerable size and has lots of growth potential. When you have a huge market, there is enough of everyone, and you don't face breakneck competition.

For example, the personal development market is an US$64 billion market. And just how big is 64 billion?

Let's say you have 1 million seconds of free talktime for your mobile phone plan.

Assuming you use the phone 24 hours a day everyday, you will use up your 1 million free second talktime in 11.5 days.

What if your plan gives you 1 billion seconds of free talktime?

You will need 33 YEARS to finish using the talktime!

If it's 64 billion, generations after generations from your family will be able to use your free talktime.

The personal development is one example of a very large piece of cake. You take a knife and make a cut, the residual on the knife itself is A LOT. You do not even have to make a slice! Taking on a passive income opportunity in this market is an excellent way to go.

2. Right Guidance

To make full use of a passive income opportunity and to achieve results quickly, it's imperative to receive the right guidance from people who have already achieve success in building streams of passive income.

If Robert Kiyosaki did not have "Rich Dad" guiding him, do you think he would be able to achieve his current standing today?

I have spent a year and a half trying out passive income opportunities on my own. My first attempt is opening up an online retail store selling wooden toys, but I have no mentor to tell me that wooden toys is a highly competitive arena and my small little online store will be competing against giant online wooden toy malls which buy their supplies in bulk and sell them at prices which I couldn't compete in. I wasted an entire year's worth of effort and money.

Mentors are VERY important in helping you take the right directions and the mistakes to avoid when you take up a passive income opportunity. You will save SO MUCH time and effort when you leverage on your mentor's experience.

Conclusion

From this article, I hope you realize the importance of these 2 criteria's when evaluating a passive income opportunity. Make the right choice, don't waste time and leverage whenever you can. All of us have only 24 hours a day, so spend them wisely.

Kai Wei has found the right Internet-based passive income opportunity. Competing in the $64 billion industry of personal development and having the right mentors and resources to guide him, Kai Wei is very well on the way to building a sustainable stream of passive income.

Kai Wei is also actively looking for team members to take advantage of this passive income opportunity. If you think you are up to it, please visit OnlineSuccessBiz.com [http://www.onlinesuccessbiz.com].

Pick A Winning Product To Earn Passive Income

Did you know that there are over 1 billion people with Internet access around the world?

The online business has such huge potential and is a opportunity not to be missed.

If you are not making good money with your affiliate marketing campaigns then you are not doing some things right. One the things you might be doing wrong is promoting bad products. If you promote products that do not sell well, you will not have a chance of succeeding with it no matter how much you pre-sell or how much traffic you send there.

Picking a winning product is however a problem for many affiliate marketers. They pick products to promote just because some people they know are promoting it.

Here are some tips to pick a winning product that can earn you passive income.

1. Does it give you recurring income?

There are some programs that give you recurring income. Such programs are good for building long term passive income. You only need to put in the effort to sell it once and you get to earn recurring income thereafter. Usually membership sites will provide recurring income.

2.Does the sales page make you want to buy

Take a look at the sales page. Determine if you are tempted to buy the products for yourself. If you are not convinced, there is no way you can convince others to buy. Make sure the sales page look professional and genuine testimonials are given on the website. A professional sales page gives visitors the confidence to buy the products.

3. Do you have knowledge and interest in the product

Trust me, I have tried this before. If you have absolute no clue to what the product is and you have no interest in it, it is difficult to develop a passion to sell this product. Not only will you have no passion, you will not have the confident to sell as well. So choose one product that you are comfortable with.

Once you have a winning product, be determined to make it work for you. Do not give up and keep upgrading your skills. Most importantly, you have to keep trying and you will be well on your way to earning a substantial passive income!

Jean Phyllis started earning on the web with no experience and little internet knowledge. Since then, she has created multiple recurring stream of income online. She knows the difficulties that newbies are facing and would greatly recommend affiliate marketing as the best way to start earning money online. http://huge-passiveincome.blogspot.com

4 Trends You Need to Know About The Passive Income Super Highway!

The Internet has created financial freedom for millions of individuals who see the opportunities and were willing to take action.

Here are 4 Trends that will greatly benefit Online Network Marketers:

Trend #1: The Exponential Growth of the Internet.

These are some of the results from a research report by eTForecasts: The number of Internet users surpassed 530 million in 2001 and will continue to grow STRONGLY in the next five years.

By the end of 2005 the number of worldwide Internet users will double to 1.12 BILLION. This is staggering! This means 1.12 Billion people (and growing) who will be searching for information, products, and opportunities online. This means 1.12 billion people that you can reach by the internet.

Market Reach: If only 0.1% of them want to "escape the rat race", and you offer them the opportunity to , you'll have 1.12 MILLION potential customers.

Trend #2: The Growth of Home-Based Businesses.

"It is anticipated that by the year 2005, 50% of the households in the United States will be involved in a home-based business."

- Newsweek Magazine

Home-based business is a $427 Billion a year industry. That's more than the pharmaceutical industry, food industry, and consumer goods industry - combined! How? Because of the sheer numbers of people in business for themselves who are now working from home. The extremely low start-up costs, flexible hours, and the Internet are fueling the growth of the home business segment. By 2005 as many as 150 Million people (in North America alone!) will be enjoying the freedom and benefits of owning their own Internet business.

Trend #3: Better Systems Make Internet Businesses Easier to Setup and Run.

With the growth and improvement of technology, business systems are getting better and better at producing turnkey, effective solutions for people to become successful at a faster rate.

Systems are key for business duplication, allowing even those with basic computer skills the ability to achieve success AND MORE IMPORTANTLY, for their recruits to duplicate that success.

Trend #4: The Growth of Network Marketing as a Way to Generate Passive Income.

"If I had to do it all over again, rather than build an old style type of business, I would have started building a Network Marketing business."

- Robert T. Kiyosaki, Author of "Rich Dad Poor Dad".

Robert Kiyosaki recognized network marketing is an effective, powerful way to move products and services. Network marketing greatly utilizes LEVERAGE, which is the what makes network marketing such an effective business model. People can now make more money in a shorter time, not relying solely on their own efforts. Network Marketing has the BEST leverage power in generating passive income.

Conclusion: The growth of the Internet coupled with powerful network marketing systems allows individuals with even basic skills the ability to acquire financial freedom through an Internet-based home business!

Make the right choice!

(C) 2005 RadiusEnterprises.com. All Rights Reserved.

Jim Young is a published author, successful real estate investor, web developer, and internet marketer. He shows people how to actually generate substantial income on-line using very simple, easily modeled systems. An example of such a system that you can study and duplicate is at:

RadiusEnterprises.com [http://www.RadiusEnterprises.com]

Passive Income and 13 Ways to Achieve It

Active income is income generated from your continuous action, meaning that there is income as long as you work. Stop working and there is no income. Passive income is continuous income generated from one time action. That means (in theory) that there is income without your active work. Sometimes passive income is called residual income.

Term residual income is ambiguous because its main meaning is "an income reduced by all debts payments". It is used by banks to calculate how much money do you have to payout future debts. As you can see, this meaning of residual income has nothing to do with its other meaning (passive income). To avoid confusion we will use the term passive income.

At the first look, passive income sounds great. You are sitting and dollars are flowing into your pockets. Unfortunately, you will always have to do something for your income. The question is how much time you will spend to achieve that. Let's look at the following example. You own one apartment and you rent it. You might say that renting it is a perfect example of a passive income without work on your side. However this is not entirely true. What if your tenants decide to go to Alaska? You will have to find another one. Therefore you should put some advertising. Also, you should talk with the potential tenants. What if your apartment needs some painting and fixing before renting? As you see, you will always work for your money but that work might not require 50 hours per week.

The benefit of passive income is in fact that after initial effort you will have to invest a little time occasionally. That means that you could try several passive income operations. Some of them may bring you a great success. Also, it is possible to run passive income operation, while working on your current job. On the other hand, you cannot work on two full time jobs at the same time. That means that you can try with only a limited number of full time jobs in your life time in order to achieve a financial success. Therefore, you can try much more passive income operations than full time jobs. Some of them might be a big success.

At the end, it is important to ask yourself "What will I do when I create a solid passive income?" Why is that answer important? Your motive to create a passive income might be to start doing something else. Then a logical questions arises "What stops me from doing that right now?". After all we all seek happiness, and work is one third of our lives (or one half of our wakeful life). Why not doing for work things we like the most?

Basic types of passive income

1. Buy and rent a property

The idea is to buy a real estate and rent it. If you pay it with cash then afterwards you will only have to maintain the property and collect the money from renting. Apart from the rent, the profit is generated through the appreciation of the property. Be aware that it is also possible for real estate prices to go down. In that case you might have a loss. Also, it is possible to use a mortgage. Then you have to balance a rent and a monthly mortgage payment. In ideal situation you might have a monthly positive income stream.

2. Vending machine

The idea behind this kind of income is to install a vending machine somewhere. This is not entirely passive, because you will have to "feed" your machines with stuff, but you will have to do this only occasionally (for example once a month). Of course, you will have to make a deal with the property owner where you install candy machines.

3. Create a web content and sell ads

If you have something to write about, and that appears to be popular, you could put it on the Internet and earn revenue through the ads. Topics could be cats, sports, movies, education, science, leisure ....

4. Sell on eBay

Find a reliable source of some cheap goods and sell it through the eBay. Your source could even do the delivery to your customers.

5. Write an ebook

Write an ebook about something in your area of expertise and sell it.

6. Write a book

Remember Harry Potter? J.K.Rowling was once a single mother living on welfare, and now she has one billion. It is unlikely that you can earn one billion, but the idea is to write a good book once, and earn a steady cash inflow afterwards.

7. Create a software product

This is quite similar to writing a book. Write a good software that people wants to use, and here is the steady income. You should probably maintain that software, but that is an excellent opportunity for selling even more of new versions of your software. That probably means that you should work, but you could also hire someone to do it for you.

8. Dividends and capital gains

Invest in a good company that pays it's dividends. If you invest 100$ in a stock today, and after a year its worth is 110$ then you have earned 10$ doing nothing. That is a capital gain and it is completely passive income. Warren Buffet has been doing this for more than 50 years.

9. Interest income

You could put your money into savings account or you could buy some CDs and earn an interest. For more options visit your bank. Visit other banks as well.

10. Royalties & patents, inventions, songs, photos

This is similar to the book writing. Being a good inventor, singer or photographer means that you could earn a little whenever someone use your inventions, songs or photos. Let's mention some examples: Edison, Madonna, Pitt.

11. Delegate your work to others and pay them less than you are payed.

Imagine that you work for 2000$ per month. If you find someone to do your job for 1500$, then you will earn 500$ doing nothing. Of course, your employer might dislike this approach so be aware.

12. Create a product and sell it

A product could be anything from candies to the space shuttle. For the beginning I propose you to stay closer to the candies. It is not necessary to manage production by yourself. There is a lot of companies that could do that for you.

13. Create a business and employ a manager

Of course that would require time. Creating a business that is profitable will take several years. But after that you are in the zone of possible passive income. Employ a manager to replace your role and here you are with a passive income.

Zoran Maksimovic is an author focused on investing for beginners. To see more articles about fundamentals of investing visit his site Investing made easy.