Make passive income by building making a “Groupon – like” website

Posted by on Feb 26, 2012 in Make money online, Small Business

Group buying

group buying

There are many websites which clone groupon.com for making a group-buy business. You can join this industry by buying a clone source of Groupon.com, then follow these steps:

- Prepare for a marketing budget. Buy google adwords or facebook ads to attract buyer for your website
- Sales person: seeking for merchants
- Logistic: Hire people for delivery voucher

This business may cost you a lot at begining. When it’s on the way, you can earn a lot.

To overcome your competitors, you can choose 1 of these business trategies:

- Build your group-buy website as a super market
- Build your group-buy website as an online ecommerce portal

Good luck!

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Make passive income by becoming a reseller for hosting provider

Posted by on Dec 19, 2011 in Small Business

Host is where people store their website. People must rent a host to maintain their website yearly.

You can become a reseller for a hosting provider to get commission from buyers you referee.

For an example: You introduce a buyer to rent a host. It’s cost $84/year. You get $25 commission a year. If you find 12 customers, you get $25 a month.

I call this “Passive income” because you will cost 1 time to introduce a buyer to rent a host. Then you get commission from them every year.

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What is cashflow quadrant?

Posted by on Apr 16, 2011 in Concept

Cashflow quadrant

Cashflow quadrant

A large part of Kiyosaki’s teachings focus on generating passive income by means of investment opportunities, such as real estate and businesses, with the ultimate goal of being able to support oneself by such investments alone. In tandem with this, Kiyosaki defines “assets” as things that generate cash inflow, such as rental properties or businesses—and “liabilities” as things that use cash, such as houses, cars, and so on. Kiyosaki also argues that financial leverage is critically important in becoming rich.

Kiyosaki stresses financial literacy as the means to obtaining wealth. He says that life skills are often best learned through experience and that there are important lessons not taught in school. He says that formal education is primarily for those seeking to be employees or self-employed individuals, and that this is an “Industrial Age idea.” And according to Kiyosaki, in order to obtain financial freedom, one must be either a business owner or an investor, generating passive income.

Kiyosaki often refers to “The Cashflow Quadrant,” a conceptual tool which he developed to categorize the four major ways income is earned. Depicted in a diagram, this concept entails four groupings, split with two lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows.

  • E: Employee — Working for someone else.
  • S: Self-employed or Small business owner — Where a person owns his own job and is his own boss.
  • B: Business owner — A person owns a business to make money; typically where the owner’s physical presence is not required.
  • I: Investor — Investing money in order to receive a larger payout in the future.

(Wikipedia.org)

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What type of business system give you passive income?

Posted by on Nov 24, 2010 in Featured Articles

Not any business can give you passive income. Some business can bring you money. But when you leave it for a month, all thing will be broken.

So what does a good passive-income-generating business look like?

There are three main characteristic a good business should have:

1. Managable

If you can’t manage your business, it can also give you passive income for a while. But it will be out of your control somedays and you may lose all.

2. Extendable

If your business can not be extended. Your passive income can’t grow. It’s mean your life can not be ensure by that such static income.

3. Inheritable

If you can’t let someone handle this business for you. Your income from that business won’t be considered as passive income. If you want to be free, you should learn to teach the other how to manage that business for you.

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What is Top Level Position

Posted by on Oct 27, 2010 in Multilevel Marketing

The world of MLM is now abuzz with the coming of a new multilevel marketing hotshot, Top Level Position. Even before its much awaited launch, the program is already creating strong hype online and steady following on social networking sites. In fact, even world renowned marketing experts and leaders have their eyes fixed on the launch of TLP. So what is the hype all about? Let’s take a closer look.

Just like all other MLM companies, Top Level Position promises income generation online. But what makes TPL different is that it offers a unique opportunity to secure a spot in the whole system of the compensation plan and provides enrollees with resources they need to promote the business all for free. Enrolling and participating in this powerful marketing system is simple. Simply sign up using your name and email address without having to pay for registration or other upfront fees that other companies require. Income will be generated for every person who enrolled through your efforts. The marketing system claims that signing up brings no risk to enrollees and it requires no credit card, as well. Just like all moneymaking businesses online, earnings and commissions members get depend on the number of people members are able to enroll. The more people you herd to TLP, the more commissions you will reap.

Because of the quick and convenient process of signing up plus the fact that it is free of charge and doesn’t come with risk other MLM companies are associated with, it is expected that people, both novice and experts in MLM, are interested to secure a position and share in profits and commissions generated from this marketing system.

TLP is still awaiting its release; its website is not yet live at the moment. They constantly update their Facebook fanpage about new tie-ups with top industry leaders and organizations, and teasers on their launch date. They also use this fanpage to interact with prospective members and enrollees. This fanpage has been liked by 1, 288 FB users as of writing. Aside from FB, they also have a Twitter account where interested people can get updates.

No MLM company has ever engaged in this kind of comprehensive social media marketing even before their site goes live. Top Level Position is the first in the industry to harness the power of social networking sites and online press release sites to funnel support, traffic, and exposure during the pre-launch. They are slowly building hype, traffic, interest, and curiosity of MLM enthusiasts and industry experts before their site goes live on the Internet. This is, as they claim, the biggest marketing system on the Internet, built by people, marketed by people, and expanded by people. TLP itself is showing prospective members how marketing should be done. This is multilevel marketing at its best.

Click here to know more about Top Level Position.

Article Source: http://EzineArticles.com/?expert=Matt_Wall

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Earn passive income by joining a mlm cosmetic company

Posted by on Oct 23, 2010 in Multilevel Marketing

I know Mr Vinh Anh by an introduction of my friends. He’s now working for FNC, a company that selling stem cell cosmetic. Their business plan is Stairpstep Compensation Plans. At this time, his passive income is 60,000,000 VND (10 times compared to the salary of a normal employee)

The problem is that, he is very busy with his business. He stay in the office 8 hours a day, train his group all of the week. If he doesn’t do that, his downline people will be “cold” soon.

He should sell 2,500,000 VND retails sales a month to get that passive income. Is it true “Passive income”?

I think those plans which we must sell a lot of products, higher than our demand monthly are not good. Our passive income from those plan is not stable.

Hope to see better MLM companies with better compensation plan.

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