The Five Golden Keys To Massive Passive Income

You can earn a large monthly passive income with a minimum knowledge of the Internet, sales or marketing. In fact, you don't even have to have a website to be successful.

Before I discuss the three important keys to massive passive income and how NOT to lose money, I would like to begin by defining passive income. Like many people I had read lots of articles and listened to several speakers talk about Passive Income. Whether you work a regular 9-to-5 job or are self-employed, you earn a salary based on the hours you work. For most people, if you take-off on a 30-day vacation, chances are you will not be paid. Passive income is an income revenue stream that you have created that operates 24/7 - it operates without you and is an automatic cash machine. One example of an income stream is affiliate programs.

The first step for creating your income stream is finding an affiliate program. You can find affiliate programs online by searching the Internet or by reading articles like this. With affiliate programs you have no employees, no inventory, no stock to ship and very little expenses. Now imagine flying to beautiful Hawaii and enjoying golden sunsets. You stretch out at the beach, soaking in the warmth of the sun and the days slip by and there are no thoughts or cares in the world to disturb your private oasis. Eventually, two-weeks later, you return home and sort through the mail. To your delight you have several checks from your affiliate programs. With gladness and excitement you go to the bank and deposit your weekly income. This is the fun and joy of working with affiliate programs.

Most affiliate programs are free and cost nothing to sign-up. If you find an affiliate program that charges a fee to start-up, then I would suggest holding-off with that program into you learn more about affiliate programs. Do not confuse this with MLM (multi-level-marketing) programs. MLM programs are not passive income streams. These programs require more marketing and having inventory or buying product monthly.

The second important key is "Help People Get Healthy and the Income Will Follow". Or in other words, create a win-win for the customer and for you. Provide a product or service that people want and the income will follow. If you focus only on the money and not your customer, then your financial gains will be short term.

Affiliate programs offer a variety of products or services. Programs can include health products, satellite TV service, movie rentals, hosting services, e-books and the list goes on. Pick a program that is of interest to you and has a broad appeal for men or women.

The third key to success is creating two or more passive income streams. With multiple income streams you can better manage the fluctuation of your income. Stockbrokers will tell you the same ? diversify your income. Back in 2002 I had only ONE program and it was generating over $5,000 per month. Life was grand and I was just starting to build my nest egg. Then, the FDA stepped in and shut the company down. In 2002 this was my main income. My income went from $5,000 to $200 per month. Needless to say, my lifestyle changed very dramatically. You don't have to make this same mistake to learn how important it is to diversify with two or more programs.

Once you have selected an affiliate program you'll want to do a little bit of marketing to get the income flowing. There are a variety of methods to market an affiliate program. I'll discuss only one method in this article because it is the least used and easiest to do. I have one affiliate program that is a natural, organic skin care and cosmetic line. In addition, this company provides each affiliate with their own unique web link to advertise. NOTE: This unique web address is the company's affiliate program website - this is not my website. To promote this program I printed up 1,000 business cards with the description of the product, my unique web address, my phone number and email address. I hand out these cards to EVERYONE I meet. With this kind of marketing you can hand cards to your mechanic, grocery clerk, florist, dry cleaner, dentist, church members and more people. Imagine handing out one thousand cards per month and how much income that will generate.

Anybody can earn a passive income. You, on the other hand, have the three important keys to massive passive income. One, find an affiliate program; two, provide a product or service that customers want and create a win-win, and three, add a second program, then another. Oh yeah, step four is deposit your checks and step five is take a vacation to Hawaii.

Copyright 2005 Wayne McDonald

Wayne McDonald is a Life Practitioner and Public Speaker with tips and ideas to expand your money consciousness. Subscribe today to Insider Secrets - Winning The "Money" Game at http://www.OurFamilysHealth.com/moneynews

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Google News Updated : Mon, 13 Oct 2008 05:51:32 GMT Manatee dies before reaching Florida - South Coast Today WHDH-TV Manatee dies before reaching Florida South Coast Today - 36 minutes ago By AARON GOUVEIA and KC MYERS EAST DENNIS - After a dramatic rescue Saturday morning, a wayward manatee known affectionately as Dennis died Sunday with just one hour before he reached SeaWorld in Florida. Manatee almost gave them the slip Boston Globe Cape Cod Manatee Dies on Way Back to Florida WLNE-TV (ABC6) My Fox Boston - The Associated Press - Cape Cod Times - SouthCoastToday.com all 542 news articles Publ.Date : Mon, 13 Oct 2008 05:14:57 GMT UPDATE 1-Tropical Storm Nana forms in Atlantic - Reuters Javno.hr UPDATE 1-Tropical Storm Nana forms in Atlantic Reuters - 8 hours ago MIAMI, Oct 12 (Reuters) - Tropical Storm Nana, the 14th of the Atlantic hurricane season, formed on Sunday in the Atlantic Ocean east of the Caribbean islands, the US National Hurricane Center said. Tropical Storm Nana forms in Atlantic eTaiwan News Tropical Storm Nana Forms Over Eastern Atlantic RTT News CNN - The Associated Press - eFluxMedia - Central Florida News 13| all 199 news articles Publ.Date : Sun, 12 Oct 2008 21:29:57 GMT Worth the trouble - Boston Herald Worth the trouble Boston Herald - 39 minutes ago By Dan Duggan As Red Sox [team stats] fans shook out the cobwebs yesterday morning after yet another marathon postseason game, it would have been easy to forget some of the positive developments from the Sox’ 9-8, 11-inning loss to Tampa Bay in Game 2 ... Video: Tampa Bay Wins Slugfest on Sacrifice Fly AssociatedPress Rays win respect, too Washington Times USA Today - Sarasota Herald-Tribune - Wilkes Barre Times-Leader - SouthCoastToday.com all 3,671 news articles Publ.Date : Mon, 13 Oct 2008 05:12:18 GMT Television Review | 'My Own Worst Enemy' - New York Times New York Times Television Review | 'My Own Worst Enemy' New York Times - 56 minutes ago By ALESSANDRA STANLEY Most people sometimes wake up on the wrong side of bed. The hero of “My Own Worst Enemy” on NBC wakes up on the wrong side of his brain. 'Worst Enemy' Just Isn't Bourne-Again Bond Washington Post Spy-vs.-normal-guy premise of 'Worst Enemy' doesn't work USA Today San Francisco Chronicle - Los Angeles Times - Boston Herald - Fort Worth Star Telegram all 101 news articles Publ.Date : Mon, 13 Oct 2008 04:54:37 GMT Doubling of Vitamin D for Children Is Urged - New York Times The Plain Dealer - cleveland.com Doubling of Vitamin D for Children Is Urged New York Times - 3 hours ago By AP CHICAGO (AP) - The country’s leading group of pediatricians is recommending that children receive double the usually suggested amount of vitamin D because of evidence that it might help prevent serious diseases. Pediatricians double vitamin D recommendations The Associated Press Pediatricians double vitamin D recommendations WLOS The Plain Dealer - cleveland.com - Examiner.com all 90 news articles Publ.Date : Mon, 13 Oct 2008 02:45:16 GMT Jennifer Lopez, Marc Anthony renew vows along with Carlos Beltran ... - New York Daily News New York Daily News Jennifer Lopez, Marc Anthony renew vows along with Carlos Beltran ... New York Daily News - 1 hour ago BY DAVE GOLDINER Just four years after saying "I do," Jennifer Lopez and Marc Anthony reportedly secretly renewed their vows in Las Vegas Sunday - and they had company at the altar. Inside Jennifer Lopez & Marc Anthony's Renewal Ceremony People Magazine J.Lo’s vows not staying in Vegas Boston Herald Singersroom News - AceShowbiz - United Press International - Actress Archives all 37 news articles Publ.Date : Mon, 13 Oct 2008 04:39:55 GMT Alaska ethics probe says Palin abused her power - Reuters BBC News Alaska ethics probe says Palin abused her power Reuters - 40 minutes ago By Caren Bohan CHILLICOTHE, Ohio (Reuters) - An Alaska ethics inquiry found on Friday that Gov. Sarah Palin, the US Republican vice presidential candidate, abused her authority by pressuring subordinates to fire a state trooper involved in a feud with ... Palin: Bad Guys vs. Good Guys FOXNews Palin talks economic worries in Appalachian Ohio The Associated Press International Herald Tribune - CNN Political Ticker - Columbus Dispatch all 1,431 news articles Publ.Date : Mon, 13 Oct 2008 05:10:53 GMT RSStoBlog RSS to HTML

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