How to Create Wealth In 2020

3 No B.S. Passive Online Income Methods

3 No B.S. Passive

Online Income Methods

There are several different ways to generate passive income and make money online.

What is passive income?

It's building online businesses that allow you to generate income and grow and scale without a real-time presence.

In other words, you’re not trading your time for money.

Instead, you build something up front that can continue to work for you over time. It’s like when someone writes a hit song and collects royalties on it for the rest of their lives. They wrote the song once and they get paid as long as someone is singing that song.

You can build a passive income without investing a lot of money. Just remember, if it doesn’t take much money, then it’s probably going to take much work. Passive income isn’t ‘get rich easy,’ but it is ‘get rich smart.’

If you have the mindset that you are building assets that will continue to work for you later, then you’ll do just fine.

You’re doing work now to have flexibility and freedom (and money) later.

Here are three completely different legitimate strategies that you could choose from to build a passive income business of your own.

1: Freelancing to Problem Acquisition to Solution

Stick with me on this…

You’re going to freelance by working for different companies or individuals and getting paid for your skills.

Yes, I know, this is indeed trading time for money, and it is NOT passive income.

Freelancing can be an AWESOME way to get started in building a business of your own.

You're going to acquire skills and discipline when you’re running your own business as a freelancer. And you’re going to get paid quickly, too.

If you start out trying to make passive income, you’re going to have a very steep learning curve that will involve spending money without making money, sometimes for months. Freelancing brings the money in and gives you an education at the same time.

As you’re freelancing, you'll get to know the industry that you're in, and you can be on the lookout for the problems.

These are opportunities for you to create product-based passive income businesses.

You’re freelancing in a niche that interests you, making money and observing what’s missing, what people need and want, and where the money is made.

There’s two basic ways this might work for you.

The first is you find a way to do what you’re doing as a freelancer, only in a way where you do the work once and continue to sell it over and over again.

Let’s say you build WordPress sites. Maybe you create a WordPress theme and software or videos that anyone can use to customize that theme to their particular business. You might even tailor it to a specific niche, like chiropractors, dentists, contractors, etc.

You might give customers the option of setting up the site themselves or paying extra to have it done for them. In that case, you would have an outsourcer do the actual work for you.

If you can create products that can be used out of the box by customers or businesses, then you’ve got a passive income business.

The second method is finding out what a niche needs as far as information and training. Perhaps you’ve worked in a niche long enough, you can now teach about it, and so you hold a live webinar series, record the calls and make a product you sell over and over again.

In the first case you’re providing the businesses or customers with something they can use, such as a website, templates, private label rights items, etc. Essentially, you’re turning your service-based business into a productized business.

In the second case you’re providing recorded trainings, whether it’s a course, video series, audio series, books, etc.

It can even be a case where you’ve ghostwritten so much material in a certain niche, you now know it front ways and back ways. You can now step out of the limelight and very easily create your own products in that niche.

Freelancing is very much tied to your time, but it gives you an income and the opportunity to find out what you can create that people need or want.

An active business can be shifted and turned into a more passive business by either having products that are already made,by having software do a lot of legwork for you,or even other human beings doing that work, too.

2:  Audience to Advertising

This is one of the most popular forms of building a somewhat passive income online.

I say somewhat, because in most cases you will continue to do some work, or at least outsource some work to keep this going.

Essentially, you are building an audience and then generating income through advertising to that audience you built.

Someone on YouTube making money through AdSense, or a blogger with sponsors or ads, or a podcast with sponsors… you get the idea.

You generate content to bring in the audience, and businesses who want to reach that audience pay you (either directly or indirectly) to advertise.

Things you need to know:

·         It can take months to build up your audience to a point where advertisers will pay you.

·         You can go through a service such as Google AdSense, or deal with sponsors directly.

·         You likely won’t get rich off Google AdSense from your blog. But you might on YouTube – it just depends on how well you can generate an audience.

·         This is not entirely passive. You usually have to keep creating content or pay someone else to create content for you.

·         If you can become famous in your niche, you will do well at this.

·         If you create super popular videos on YouTube, you can make a fortune through the advertising.

·         Whether you’re selling advertising or not, remember to build an email list. There are times when one email to your list will earn you as much as an entire month of paid advertising.

·         If you hire people to create content for you, you can have several sites at once in several different niches, all selling advertising.

·         If you’re going to sell the ads yourself, first give away ads to some big names in your niche on a trial basis. Then let other potential advertisers know that these big names are advertising on your site (works wonders!)

3: Become an Expert to Sell Stuff

Okay, first things first.

You don’t have to be a WORLD CLASS expert.

Heck, you don’t even have to be an expert – you can use the reporter model where you report on things in your niche.

And if you’re going to be an expert, you just have to be enough of an expert to know a little bit more than your audience. It’s like new teachers – they read ahead in the book by one chapter, and that way they always know more than their students.

Your goal is to become just expert enough to earn the trust from others, so they want to learn even more from you.

What do you know that others want to learn?

What can you learn that others want to know?

Create your own product, book, course, webinar, etc. Solve a problem for your audience, a problem they will PAY to make go away.

Promote that product through any and all means possible (there’s enough there to write an entire book.)

This is just like writing a song, in that you do it once and get paid for it over and over again.

You wake up in the morning and there is more money in your bank account because people bought your book overnight.

By using tools and software and systems, you can automate the delivery process so that you literally don't have to do anything to serve your audience.

And if you get the sales funnel set up right, you can BUY traffic to send to the funnel that makes you money like clockwork.

Spend $1, make $1.50, or whatever. When you’re able to profitably BUY traffic, the sky is the limit and you are making a truly passive income.

Now, here is my favorite way to make passive income: Promote other people’s continuity programs.

Yes, I’m talking affiliate marketing. You are still selling products to your audience, but now you’re selling memberships and software as a service, and you are receiving income for months and sometimes YEARS for a sale you made once. 

You’re the expert. You’re recommending THIS software or THAT membership to your audience because you KNOW (for real, no joke) that it can help to solve their problem.

You are helping your audience to solve problems and get what they want. And in return, the membership or software as a service pays you for as long as your customer continues to subscribe.

And it gets even better, because you did not create the software or membership, which means you have nothing to maintain and no customer service issues to deal with.

All you have to do is figure out what to do with the money.

One caveat: Memberships and software as a service are generally things people don’t subscribe to forever. Yes, they might stay with the hosting company you recommend, or the autoresponder you recommend, for years. But in most other cases, they will drop out after a month, a few months or a year.

But again, if you have a funnel that allows you to BUY advertising at a profit, then you’re golden. You just keep filling the funnel, making the sales and watching your monthly income grow and grow.

A funnel that is tested and proven takes maybe a few minutes a day to care for, if that. You can train your virtual assistant to care for it for you, as well as answering any emails that might come in.

So, how do you get started?

Well first, you have to be an expert in the eyes of those who you are looking to serve.

And remember, you do not need all those qualifications and credibility.

Some people gain expertise and credibility just through sharing their experience.

And you can go out and start talking to people, asking them questions like, ‘What are struggling with right now?What are your biggest pains?What's something that you wish existed, that doesn’t?’

That will give you some ideas about where to start and what positions you might be able to take.

Remember, a successful business solves people's problems.

To earn passive income, you’re going to have to do the work and put in the time. It’s about building something now so you can reap the benefits later.

By using software, using tools, using automation,using other people that you hire,you can actually turn this business that helps solve people's problems to something that can be automated for you, for truly passive income.

To Your Online Success

Steven Morton

Founder-Marketing Mastermind Tips

https://www.facebook.com/stevenmorton1964/

https://twitter.com/Marketing_Tips2

10 Websites To Make Money Online For FREE In 2020

Post Simple Videos & Make $30,000/Month On YouTube - FULL TUTORIAL (Make Money Online)

How To Trigger A Positive Response To Your Offers

One way to know if you're reaching your audience is via their emotions. If you can identify your audience's emotions, you'll be able to use those emotions to trigger a positive response to your offers.https://ezinearticles.com/?How-To-Trigger-A-Positive-Response-To-Your-Offers&id=10187749

One of the ways in which most humans make decisions is with their emotions. That's the reason so many people buy one of their most expensive purchases after having seen it only a couple times. A house. They fall in love with it. The house brings out the emotion that they're comfortable to be themselves and feel at home. If you can guide and control these feelings, you'll boost your sales exponentially.

Know Your Audience

It's so important to conduct plenty of audience research on a regular basis. Remember that in some cases, while an audience's demographics stay the same, they change as each generation changes.

Establish a Connection

The more you can connect with your audience, the better. Reach out to them via email, on social media, even one-on-one. If you notice someone needing extra help, it can help you establish a connection with them. When they feel connected to you, they will reveal more.

Get Their Attention

Don't be quiet about how you feel about them and what you plan to bring to their lives. You want them to think of your brand when they get up, during the day and before bed. How can you ensure that you touch them in some way through the day, no matter where they are?

Engage with Them

Talk to them, like their shares, and share their content. Be part of the community they're in without always promoting your products. Sometimes just be yourself and let your guard down because if you want them to, you're going to have to.

State Your Company's Values

One way to ensure that you instinctively know how to pull on their emotional triggers is to state your brand's values very clearly. Then you can be assured your audience will almost always have those same core values.

Incorporate Stories into Your Content

Use customer stories to weave into your content to talk about how your product has helped them, either directly or indirectly. When you share what other people are saying, more of your customers will also want to share.

Keep Your Branding Consistent

Your branding is also important because it helps elicit trust. Keep your branding consistent through all social media channels, online collateral, and offline materials too. You want them to know your brand if they see it anyplace.

Ask Them Questions

Come right out and ask them how something made them feel. Send an article via email along with a survey to see how it affects them. Read their comments to find out how things affect them too, and comment to them to get to the bottom of their feelings.

When you write and manage your content correctly, it will make your life easier and your business grow. To discover how the most successful online entrepreneurs plan, create and deliver great content, download my free checklist, The 5 Step Content Strategy, at https://jonallo.com/contentplan

Article Source: https://EzineArticles.com/expert/Jon_Allo/1079948

Article Source: http://EzineArticles.com/10187749

How to Create Your Own Product 2 - Setup and Marketing Approaches

How to Create Your Own Product 2

- Setup and Marketing Approaches

1.0 Introduction

2.0 Objectives

3.0 Main Content

3.1 Definition of Business Model

3.1.1. Types of Business Model

3.1.2 Email Marketing (Freemium Mixed Model)

3.2 Experts and Friends Appraisals

3.3 Payment Processor

3.4 Traffic, Traffic, Traffic

3.5 Launching Your Product

3.6 Two Important Decisions

3.7.0 Selling on Your Own Personal Website

3.7.1 Benefits

3.7.1.1 Be Your Own Boss

3.7.1.2 Cashing in on Your Virtual Authority

3.7.1.3 Ever-flowing Streams of Residual Income

3.7.1.4 More Opportunities

3.7.1.5 Top Secret Reason Why You Should Create Your Own Product

3.7.1.6 Expert-In-The-Making

3.8 Challenges

3.9 Selling Your Products on Third Party Websites

3.10 You Are In For the Long Haul

3.11 Rinse and Repeat

4.0 Conclusion

5.0 Summary

6.0 Assignment

1.0 Introduction

I covered most parts of this process in the preceding chapter. I purposely did that so I can have enough time and space to discussed other critical factors that may affect the profitability of your digital product(s).

The area so far covered include:

• The Process
• The Act and the Art, etc.

The following areas are to be covered here in details:

• Your Business Model
• Your Long-term Strategy
• Friends and Expert Appraisals
• Payment Processor
• Product Launch
• Traffic, Traffic, Traffic
• Two Important Decisions
• Among Others.

2.0 Objectives

At the end of this ecourse, you will be able to:

• Know the different methods you can use to market your information product in online marketplace
• Choose the best method to market your information product for higher profits
• Choose the best method to market your information product for better control

3.0 Main Content

3.1 Definition of Business Model

Business model is the approach you are using to run your own business, in this case selling your own information product.

There are many definitions of the phrase 'business model'.

It is only one of them that I am going to use here because, it is not too academic for our practical use.

That one is the definition provided by Investopedia which states inter alia:

'A business model is the way in which a company generates revenue and makes a profit from company operations'.

3.1.1 Types of Business Model

In this case I want you to decide ab initio on which of the following models you are going to use to do your business:

• Information Marketing (Mixed Soft/Hard Selling)
• Email Marketing (Freemium Mixed Model)
• Blogging (Mixed Soft/Hard Selling)
• Guest Blogging (Mixed Soft Selling)
• Forum Marketing (Soft Selling)
• Niche Site Model
• Review Site Model
• There are many more models that could be listed...

You need to get used to one model and stick to it for a while, when you have become conversant with it then you add another one and so on and so forth.

For this reason I will only review only one model here.

3.1.2 Email Marketing (Freemium Mixed Model)

This is the best, simplest and possibly the fastest model to set up your online business and run it into 6 or even 7 figure in the shortest possible time, initially using free and later even paid resources to scale it up for higher profitability.

Running your business on this model involves 5 simple steps namely:

1. Traffic
2. One-page website
3. Autoresponder
4. Thank You Page
5. Broadcasting (to email or phone sms)

You can find details of these steps here.

3.2 Experts and Friends Appraisals

Whichever model you choose to run your business on, do not forget to test-run it by yourself as well as using some experts and your friends, before opening it up to the public.

The experts are people with impeccable experiences in your chosen field who are willing to mentor you for success. They will later become your business associates (Joint Ventures) or provide some revered testimonials that will positively impact on your profitability.

On the other hand, you are going to sell to ordinary people like your friends and relations, thus their own side of views can give you some insights that will make your product to be readily absorbed in the market.

So give a sample copy of your own newly created product to them and request for their assessment and testimonials.

3.3 Payment Processor

The next thing to consider is how you intend to collect your money from the sales you make for your information product.

Today in most parts of the world, you can use online payment processor to sale any kind of product on the internet. This was not the case ten years ago when I first began this business.

Just Google for payment processor and you will have enough to choose from, ranging from PayPal, Shopify, WooCommerce, 2CheckOut, Stripe, AuthourizeNet, Amazon Payment, to Google Wallet.

The setting up process is getting easier by the day. Also the instructions on how to integrate them to your website are available on each site. Go there.

3.4 Traffic, Traffic, Traffic

Even when you plan to use other marketers to sell your products as affiliates, you will still need to do marketing by yourself to some extent. This is advisable so that you can get some proves to convince your affiliates on the marketability of your product.

For most beginners with little or no budget, using social media is the preferred way to go. This should be combined with other methods of free or inexpensive traffic like EzineArticles.

I will write more on this in another chapter of this ecourse.

3.5 Launching Your Product

The most important thing to do before your product launch is: planning.

Make a detailed plans of how you are going to swing the market momentum to your side to ensure the profitability from your product sales.

Such plan may include but not limited to:

a) Plan your launch date to start as early as possible, i.e. early planning

b) Get the Big Wigs of the Industry involved - possible make them joint venture partners, give certain percent of your profit.

3. Make it easy for many people to learn about your product - Social Media
4. Make Your Product Mobile-Friendly - today the mobile web holds the market sway, it will be foolhardy to ignore it
5. Make it an Event
6. Create a Suspense towards the launch date to heighten desire and expectation. This has been proven to increase sales on the launch date.
7. Take beta pre-dated orders at a reduced price
8. Use a Press Release
9. Focus on your Avatar/Persona and not your product
10. Create Your Universal Selling Point (USP)

There are other details on product launches here.

3.6 Two Important Decisions

There are 2 important decisions that you have to make after your new product is ready for sell. These are:

1. To sale it on your own personal website or
2. To sale it on a Third Party Website

3.7.0 Selling on Your Own Personal Website

If you are selling on 3rd party websites, most of the steps discussed above will be a walkover for you, as the company will do them on your behalf.

However there are some benefits that you will also miss for doing so.

3.7.1. Benefits

Such benefits include those listed below among others.

3.7.1.1 Be Your Own Boss

Selling on your own website controlled (managed, hosted) by yourself is the best way to become your own boss. You set your prices, you set your targets, you set your commissions, you set your own time of work, and you set and plan for the level of profits that you want to make.

Have you seen any other business that is sweeter than this?

You are really your own boss in the truest sense of the word! You are in full control and it is you that determines all of your monetization methods.

Building your information product is actually the easiest way to achieve everything that you want in life as well as helping others to realise their destinies and their dreams.

But you will miss all these and subsequent ones if you are selling on third party sites.

3.7.1.2 Cashing in on Your Virtual Authority

As a product owner you gradually build up your Goodwill over time. Of course I suppose that you and everyone else know the importance of a Goodwill. If you want to know more, ask the corporate giants and they will tell you that their Goodwill is worth Billions of Dollars.

And that is worth relying on over time as a product owner. To develop a high-value Goodwill, you need to develop a good product and not a scrap, as well as use your blog, vlog and social media skilfully.

3.7.1.3 Ever-flowing Streams of Residual Income

Residual income is type of income that you don't regularly and actively work for it to provide a continuous cashflow. You only set up and forget, and the money keep flow ceaselessly to your bank account.

This is different from employment income that you have to work for it on a daily basis.

For your own information product, the initial work may be intensive, but subsequently, you only update it once in a while to keep up with trends in your industry.

The work is decrementally negligible while the product is incrementally profitable.

This means if you have 2 or more products, you can quickly attain a special status: unemployable.

3.7.1.4 More Opportunities

At this level of success you will be open to opportunities to joint venture with the captains of the Industry. And do not be surprise if you thenceforth experience not just success, but astronomical success: unlimited income.

Deals website like Groupon, Bloggers and other marketers with large Lists when properly targeted will open up a whole new world of internet marketing for you full of unlimited pleasant surprises.

3.7.1.5 Top Secret Reason Why You Should Create Your Own Information Product

- Affiliate Program. This is one main reason why you should own some information products online. When many people are selling your products for you, you will surely experience income explosion in your own business.

I have already noted elsewhere that affiliates bring to your business their own expertise as well as their large lists of free and targeted traffic. These are great assets that will have great impact on your business.

Setting up an affiliate program is getting easier by the day. Software like iDevAffiliate and Post Affiliate Pro are almost turning the process of selling your own products through affiliates to an all comers' affairs.

3.7.1.6 Expert-In-The-Making

Everyone see you as an expert when you write a book. Even if you are just beginning, it is only you and your spouse that know that secret - that you are only a beginner.

If your info product is professionally written (even by a Ghostwriter or Ghostworker as they are often referred to) it opens up several windows of opportunities for you. These include but not limited to Conference Speaking, Guest Blogging, Joint Venturing, etc.

Purse for a while and think on these avenues, it is only expert that are invited to participate at such meetings. But even one product owned by you can open up those opportunities for you. As a newbie when they begin to come, do not be afraid to accept those invitations and confidently perform your work.

The basic truth is that even with this ecourse alone, you know more that 95% of your audience, you are already an expert (at least in the making).

3.8 Challenges

But there are some challenge along the way such as:

- having to deal with Customer Service and

- the Learning Curve involved, etc.

It is for these very reasons that some people prefer using third party websites.

3.9 Selling Your Products on Third Party Websites

There are so many third party websites that are waiting and ready to sell your own product for you. They include but not limited to ClickBank, Send Owl, JVZoo, Payspree, Commission Junction, DPD, Post Affiliate Pro, iDevAffiliate, and others.

You can also sell at Amazon by creating your product in their special format known as Kindle Book to be downloadable and readable in their special device known as the Amazon Kindle Device.

The main advantage all of them have are:

• the setup speed (some are free, others one-time payment)
• their wide array of experienced affiliate marketers,
• payment processor
• professional customer service and
• free promo

But they will take the control of most aspect of your business from you. They can also de-list you at will and without any specified reason(s).

I want to state here that for obvious reason, it is better to learn and use both systems to maximize your profits over time.

3.10 You Are In For the Long Haul

When you have a product in the market, you are in this business for the long-term benefits.

What you do now will surely hunt you in the future for good or bad. So be a man of your own word, deliver on your promises and when not possible give cogent reason(s) as soon as possible and make refunds where applicable.

That is: - Transparency.

Over time this will result in positive reputation and a good public image for your business. These are the souls of Internet business.

Notice that most people that you deal with in this business do not know you in person. They only act on trust, please do everything possible on your side to preserve that trust.

Once beaten, twice ashamed, I think that's a valid saying here.

As you might have suspected this is not a get-rich-quick kind of business. So if you were looking for such type of business, please dumb this one and look elsewhere.

However if you can pull yourself through the learning curve, I can assure you that there is no other business that can pay you returns on your investment that is as high as this one.

You will be unemployable!

3.11 Rinse and Repeat

The process of creating a digital product is as simple as that. Well, as you become more experienced, you can go on to add the fancies and jingles, but for someone who wants to make money as soon as possible, this is all that you will need to set up a successful business.

As the profits roll in, you can then think of other ways to upgrade your product for greater profits. You can also expand to create products in others niches with the sound reputation you built from your initial market niche.

Never be discouraged if you don't make much money with your first info product. You only need to make sure that it is as solid as gold in terms of quality.

Down the road you will discover that it was the launchpad to your newfound success, a major milestone that shot you to limelight.

4.0 Conclusionhttps://ezinearticles.com/?How-to-Create-Your-Own-Product-2---Setup-and-Marketing-Approaches&id=9631137

With a good product to sell, you need a little knowledge of market research, SEO and copywriting to launch out profitably. Some of them have been covered while others will soon be covered in other parts of this ecourse.

5.0 Summary

This is the concluding part of what you need to do to set up the information product you created and sell profitably.

Two powerful software (websites shown as images) were also introduced to simplify the process for you.

Next, you will need to create and set up a salespage and that is what we will discuss in the immediate chapter of this ecourse

6.0 Assignment

By now you might have started this business using Affiliate Product. This is important so that you can be making money along the way while working on your new product.

Please go over the last two chapters again and start experimenting on those ideas in your mind.

Yes, you can!

David Udofort has been doing Internet Business for over 10 years now. He wants to share his experience and possibly help you on your way to Online Business success. That is why this course is offered for free. You can check on one of his blog here for useful online business resources: http://makemoneynowwithoutpayinganything.blogspot.com.ng/2016/03/no-cost-income-stream-ncis-good-and-bad.html

Article Source: https://EzineArticles.com/expert/David_Udofort/546753

Article Source: http://EzineArticles.com/9631137

"How to Be Your Own Marketing Guru"

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