For many entrepreneurs, passive income is the holy grail of online and internet marketing. I must say that making money day and night without much effort sure sounds sweet. Unfortunately, there are so many misconceptions around passive income that entrepreneurs often have unrealistic expectations that keep them from having real passive income.
How does passive income work, really? What can you really expect if you want to embark on the journey of creating streams of passive income?
Passive Income Requires Upfront Work to Create and Aggressive Actions
Passive income is a bit like a rocket. It takes a lot of energy to get it off the ground. Once it’s off the ground however, it requires far less energy. The expenditure is no longer on getting the rocket moving, but on steering the rocket.
There are two ways to create passive income: To buy it or to create it. And to create it is a lot of work. There’s no such thing as passive income for nothing.
Passive Income Vehicles Online
- AdSense websites. If you have a site with good search engine rankings and you’re monetizing with AdSense, then as long as your rankings increase, your income will be 100% passive.
- Info Product. If you own an info product and have a sales funnel setup that includes driving traffic and converting that traffic, then the sales will keep coming in even while you sleep.
- Affiliate Marketing. Again, if you’re bringing in consistent traffic, whether it’s through organic SEO or through PPC traffic, so long as the traffic remains constant you’ll keep collecting a paycheck whether or not you put in any work.
Keep in mind these are just a few of the many options available to you. New ways of making money online are being invented every single day.
However, it’s important to remember…
Nothing is 100% passive. Robert Kiyosaki, author of Rich Dad Poor Dad, once said: “Never get involved with a passive income vehicle you don’t love. If you do, you won’t maintain it.” That’s more true than ever online.
If you’re committed to creating this level of success for yourself, then go out there and start building passive income for yourself – Starting today. Implement an aggressive marketing strategy for each vehicle and watch the over flow.
The new book, Corporate Mom Dropouts, has just been released and is now available at Barnes and Noble, Amazon.com, Borders and other major distribution stores Nationwide. I will be doing a book tour locally and looking to reach NC, ATL and Chicago early 2010 to help spread the word and give away free copies, t-shirts, bags and journals.
The book, in short: Published in October 2009, Cross’ new book Corporate Mom Drop Outs – Women who have traded in the life sentence for a profitable lifestyle will help “wanna-be” mompreneurs everywhere turn their dream of owning their own business into a reality. Written in trimesters, the book mimics the birthing process from inception to a healthy full-term business.
Whether you are tired of making money for someone else, or missing out on your child’s soccer games or music recitals, feel like you are worth more than what your are being paid, or feeling anxiety over leaving your newborn at home 40+ hours a week – this book will give you the tools you need to lead you down the entrepreneurial path to success!
Throughout 2009, Cross-interviewed hundreds of mompreneurs around the country who shared their personal stories of how they found the courage to leave their jobs and forge ahead into greatness. These women “bare” their souls by telling readers how to understand their own value, about the challenges they faced along the way, how they turned their dreams from idea to conception, how they overcame their fears, how they got out of the “start up phase,” and, perhaps more importantly, how they achieved a work/life balance.
I need help finding venues. Here are my criteria
- An audience of women and mothers
- Non-profit organizations, sororities, direct sales business, MLM companies, book clubs, associations are ideal
- Speaker series
- Women business events
If you are interested in helping, here is what you can do:
- Scan your connections and your network. If you have, contacts that might want me to give a free presentation or interview, let me know who the contact is and I can forward my media kit.
- If you’re asked for more information, you can send them to www.corporatemomdropouts.com to learn more about the book and my bio.
I look forward to scheduling as many presentations as I can in the month of November and December for the Tri-State area. A book is like a new record that hit the billboards you have to get it while it is hot. So help me to schedule at least 10 presentations for the month of December.
News Flash: I am set to do several appearances and book signings in November so please let me know if you have some exciting, projects that you know of.
Thanks for your support and assistance Please leave a comment or contact me directly lucinda@corporatemomdropouts.com
I am sure most of people have dreamed of working from home but don’t know where to begin or are not aware of what to expect while working as a work at home mom. If you are one of them, I am here to help you to understand it.
Here are some of things you should expect as a work at home mom:
Traveling is a thing of the past: Working as a work at home mom, you do not need to travel any longer in the mornings and in the evenings to and from your employer’s offices. What you need to do is just be organized and can create a favorable work schedule for the projects you are working on just from your home office.
You are your own boss: A work at home mom? Thank God for there is no longer a boss to push you around with burdens of work with stringent deadlines! What you only need is self discipline and your days through out the week will run smoothly without being harassed by anybody.
A variety of work to do: If you are individual who has a wealth of skills in varying fields, then you have plenty of work for you to do. A work at home mom can do all the work that does not need one to be in the client’s office to be done. Therefore, it depends on you on whether to specialize in one or several services.
No sick pay, holiday pay or retirement benefits: This is the point where a work at home mom differs from an onsite employee. As a work at home mom, what you earn is based on the work you have done. Therefore, planning, spending and saving is crucial especially for the unforeseen misfortunes and time when you are no longer working. This is the main point of attraction for majority of employers to utilize work at home moms in that they will be able to cut down on costs.
Can you work for more than one client: As a work at home mom, you can work for several clients at any one time depending on the kind of projects or services you are providing. This means that you will not be depending on one source for your earnings thus making you more stable financially because of the various sources of income.
As a living testimony, I am personally a work at home mom for many years now and I have never regretted for joining this noble field. I enjoy creating my wealth while working on the projects for my clients from conducive home environment as my own boss. You can also be one as long as you have self discipline, determination and focus on what you need to achieve in your life.
For you to stay on the “cutting edge” as a business mom, you have no option but to research your competition on an ongoing basis, and look for new and innovative ways. Some of the ideas in which you can go about this matter are as given to you below:
Keep a close monitoring on your competitors: Some of the ways in which you can go about this is by setting up google alerts on the internet. This will enable you not to be caught off-guard by updating you with whatever is going on in your competitor’s side on a daily basis. The other way is also by reading your industry’s magazines, news papers and journals. A close following on what is being broadcasted through television and radio will also facilitate your updating on knowledge concerning your competitors. So in short, you have to continually research your competition.
Continually improve you products and services: This can be best done through utilization of the latest technology. You should always know that whoever utilizes this facility first between you and your competitors is the one who will reap most from it. The best way to access such information concerning the new technology is through close monitoring using the above mentioned means of communication depending on a particular industry.
Get frequent updates on your customers’ tastes and preferences: This is so vital considering the fact that the customers’ tastes and preferences keep changing with time. You should keep track with the changing trends and strive to produce what will meet the customers’ needs at any particular point of time. By doing this, you will definitely be able to win the loyalty of the existing customers and win new customers who are after quality and satisfaction of their tastes and preferences.
Promise what you can deliver: It would be suicidal to your survival in business if you mislead your customers by promising them what you can not deliver. The act of promising what you cannot deliver could give so much detrimental results in cases whereby your clients’ contacts or leads are through the word of mouth. As a business mom, you have to establish a good reputation to be able to attract new clients and maintain the existing ones.
In conclusion, you have to be organized and carefully plan on how you will be monitoring competition, capitalize on the new and noble ideas as this is so vital towards meeting the ever changing customers’ tastes and preferences and go a head of your competitors. In any case, it is the duty of the virtual assistant to help his clients thrive in their businesses. This can only be achieved if you as a Corporate Mom Dropout is organized, competent, self disciplined and focused.
Most business moms run of time and they always wish they could get more time in a day which is impossible. However, a busy mother can learn some ways of creating time for the things that need to be done. Briefly, the steps that one can take include:
1. Set the priorities. It is advisable that at the start of the day, begin by listing all that need to be done in the order of priorities. You need strategize what to do the following day before going to bed; orally or written though the later is advisable so as to avoid forgetting any of them.
2. Avoid anything that can waste your time. Such things include frequent checking of emails, watching TV or chatting with friends and other online programs. These are known to take a lot of time and energy which would otherwise be better channeled towards productive activities.
3. Do not hesitate to ask for assistance if need arises. The notion that women should do everything by themselves is very wrong. You should not hesitate to ask for help from any one willing to help for that is the reason we are not in the this world alone. This can be done temporarily hiring some one at times when the work is at the peak or someone on a long term basis if there is a continuous flow of substantial work load.
4. You do not need to do everything. You do not have to accept all invitations to participate in many things as this will wear you down. So do not be afraid to say no as taking too much will prevent you from achieving the best in what you do. The best way of deciding what you need to turn down is by maintaining a list of the list of what you would like to do during your free time.
5. Take breaks. Taking rests is important as this enables one to renew energy. This will enable you to work at a faster rate than just working continuously with no breaks. You can utilize the breaks to do some physical exercises as this will refresh your mind. Other helpful activities include meditating and yoga.
As said, where there is a will, there is a way. So business moms can in no doubt succeed if they organize themselves, plan their time well and be self disciplined. Many have been successful thus you can also succeed as long as you take into consideration the above information.
