Over the years we've heard a lot about how to give your web site more value. At first everyone said to put lots of interesting information on your site and you would see a stampede of visitors come your way.
Then we were told to dress our sites and blogs up with logos, graphics, and photos. That helped to bring traffic, too.
Finally we were told to give your sites all the right keywords to bring in the utmost in search engine traffic. By now, that technique has been used just about everywhere it can be.
Now, the Internet is moving to a different phase. Increasingly, top sites are using video to increase their value and bring in lots of traffic. Think about the last time you logged into Amazon or CNN. You very likely were greeted with a professional-looking video that started up on the page and relayed a movie preview or news report.
In the past, you would have to hire a video production house to create, process, host, and post your video, all at a cost of thousands of dollars. But not any more.
Now you can have that same kind of professional video on your site or blog for a price that fits any budget. It's relatively easy to create using low-cost equipment commonly sold for home use.
In the course I teach, I show students how to use Hollywood tricks to transform any space in your house into what looks like a National TV studio. You can do this for under $97, camera not inlcuded. Now that's an advantage for your site or blog that you shouldn't pass up.
What should your site or blog video be?
* Interview yourself or an expert, giving information that your visitors would find interesting.
* A demonstration of how to use your product or service.
* A high-tech, entertaining addition to your ebook or instructional CD.
We live in the television age, when just about everybody would rather look at a video that SHOWS them how to do something rather than have to read about it or listen to someone tell them about
it.
A video gives you much higher response and a far better informed customer base. When people really understand what you are offering and what you can do for them, making sales (often at a higher price) is far easier.
Minggu, 07 Maret 2010
Sabtu, 06 Maret 2010
Achieve Indepencence Through Web Lead Generation
Before setting up anything, it is important that you understand the high relevance of lead generation to your business' success. It is highly important for you to be able to find ways for lead generation because without lead generation, your business will really suffer. Leads potentially lead to shoppers, and shoppers potentially lead to sales and profits. Thus, with no leads, you can have no shoppers, and so forth.
1. Business Breeds Business
A poor quality of lead generation will end up costing you a lot of wasted time and money. The initial impression people have about your business is very important. And if people hear that many of their friends are shopping somewhere, they are likely to try shopping there also. Take command of your company's lead generation - never leave the sales of your business as well as its growth, efficiency, and image, to fate.
2. Growth Is More Important Than Profits
You always need to supervise your company's lead generation so that you won't be left in the dark when it comes to your company's growth (or lack of it). If you are now interested in taking command of your company's lead generation, here are some simple tricks of the trade.
3. Use The Internet
Since hundreds of millions of people are logged on to the internet every single day, whether they are looking for something specific or just browsing around, it is highly important that you are able to bypass all the lead brokers as well as the other competition on the internet and just directly connect to your desired customers straight to a company's web site. You MUST have a website. In this day and age, your customers not only expect it, they demand it.
4. Lead Generation
Choose a lead generation that you can efficiently control and which is highly dependable. Make sure that your lead generation system is cost effective and specifically targeted to internet lead generation. Start getting off the lead generation habit of merely doing internet sales leads. It is advisable for your company to be able to develop a type of lead generation program where you will be able to cut out the middleman. You will not only be able to increase your company's lead generation but it can also improve the quality of your company's internet lead generation wherein you will be able to cut your costs per lead.
It is important to note that being able to create an effective internet sales lead generation system or program comprises of being highly sensitive of what you prospective clients want such as the right keywords or phrases that prospective clients usually use in the internet search engines. It is to the client's advantage that he or she will be able to choose the right keyword or key phrase (the ones that are most likely to be used by their prospective clients) because the whole point of lead generation is to basically be able to gain as much exposure over the net as possible as well as being able to provide all relevant information to their prospective clients.
1. Business Breeds Business
A poor quality of lead generation will end up costing you a lot of wasted time and money. The initial impression people have about your business is very important. And if people hear that many of their friends are shopping somewhere, they are likely to try shopping there also. Take command of your company's lead generation - never leave the sales of your business as well as its growth, efficiency, and image, to fate.
2. Growth Is More Important Than Profits
You always need to supervise your company's lead generation so that you won't be left in the dark when it comes to your company's growth (or lack of it). If you are now interested in taking command of your company's lead generation, here are some simple tricks of the trade.
3. Use The Internet
Since hundreds of millions of people are logged on to the internet every single day, whether they are looking for something specific or just browsing around, it is highly important that you are able to bypass all the lead brokers as well as the other competition on the internet and just directly connect to your desired customers straight to a company's web site. You MUST have a website. In this day and age, your customers not only expect it, they demand it.
4. Lead Generation
Choose a lead generation that you can efficiently control and which is highly dependable. Make sure that your lead generation system is cost effective and specifically targeted to internet lead generation. Start getting off the lead generation habit of merely doing internet sales leads. It is advisable for your company to be able to develop a type of lead generation program where you will be able to cut out the middleman. You will not only be able to increase your company's lead generation but it can also improve the quality of your company's internet lead generation wherein you will be able to cut your costs per lead.
It is important to note that being able to create an effective internet sales lead generation system or program comprises of being highly sensitive of what you prospective clients want such as the right keywords or phrases that prospective clients usually use in the internet search engines. It is to the client's advantage that he or she will be able to choose the right keyword or key phrase (the ones that are most likely to be used by their prospective clients) because the whole point of lead generation is to basically be able to gain as much exposure over the net as possible as well as being able to provide all relevant information to their prospective clients.
Jumat, 05 Maret 2010
About Dead Websites
Have you ever heard about ‘dead websites’? It is about the websites which end their life on internet after a while. What happens to these after their death? Is there an archive where you can trace them? Does anyone keep statistics how many websites are dying daily or monthly? Which country or which category has actually the biggest cementry of websites? Is there a study about the reasons of their death? The questions could go on.
The idea about this dark part of internet came up when I was surfing on a shortwave radio in the middle of the night. Suddenly, I caught the words ‘Tod und Sterben im Internet’ from a German channel. The program was almost ending. ‘Tod und Sterben im Internet’ means ‘death and dying on internet’. How sad it sounds! But what does it actually mean? I can’t give a better description than the next I found on the internet:
‘They are born, they grow, they are loved by a few, they communicate a few things, and then they go on to die. The death of a website generally goes unmarked, unnoticed, and unrecognized. A dead website is no longer a valuable enterprise but a historical record, a fiercely marked arena of time. A website that has died gets no funeral, no sendoff, no eulogy, and often gets no final words. Websites seem to die a strange death - they are both very public and very private organisms, created by a living few for a living audience and when they pass, the act of viewing them or reflecting on them is inherently solitary. (see: www.deckchairs.net/blogs/main/archives/000721.html)
You would think that the Google Robot which spiders every online information and transfers it to earning would also have an answer to this interesting problem. Unfortunatly, after searching for a week I was not able to find any answer at Google or Google Lab.
On the contrary, I found that search engines in general do not like dead sites. One of their princpiles is to deliver more actual and content dynamic sites in their results. Therefore they don’t like dead sites, dead links and every website which has any smell of death. They even don’t like what we might call exhausted sites, sites which are build up ones and never changed or worked on later. These can also be interpreted as potantially dead or close to dead and are therefore placed at the bottom of the search results.
The searchengines might not be interested in them but that does not decrease their importance for the history of the internet or social-economic sciences. The questions mentioned at the top are worth studying this problem in depth. Still, it should be mentioned that the general interest in the topic is still waiting. This might come in the near future.
In fact the few information that are available on the internet already give a hint to the coming up. The website www.archive.org gives for example an insight into the history of many websites. If you type an URL in their ‘waybackmaschine’, you might get screenshot results from 1996 on. It is interesting to follow the development of the design of some nowadays very popular sites. Archive.org is connected to Alexa and therefore shows only the sites which are ‘caught’ by Alexa. Neverthless, it is a very important and highly valuable contribution to this field.
Another site called www.disobey.com shows in the category ‘ghostsites’ a list of dead sites or ghost sites like they call them. There are also comments added to some dead websites; about their development and the reason of their death. The site and its list are a product of personal input of the editor of the site, Mr. Steve Baldin.
Of course, also in this field the smart ones are first. A website already promotes itself with ‘How to bring your site to life again’. Like their co-operators in the company world, they promise to bring life in a dead website. Within three months your dead website will have the best position at searchengines. Another website explains how you gain benefit from a dead website. Imagine website x was working in the travel business. You also have a travel website and know that x is out of life. So trace the backward links to x, explain the situation to the webmasters of these given links and tell them that your website could be a subsitute for the dead x. Your site will have, so the website confirms, in no time 10-20% more quality linkpartners.
Unfortunatly, the social rule seems to be valid also over here. Like the Dutch expression says: ‘For the one it is his death, for the other his bread.’
Not to be a bread for others, don’t forget to say when you open your browser each morning and see your homepage:
Still Alive!
(published at: http://www.tobook.com/newsletter/newsletter.asp)
The idea about this dark part of internet came up when I was surfing on a shortwave radio in the middle of the night. Suddenly, I caught the words ‘Tod und Sterben im Internet’ from a German channel. The program was almost ending. ‘Tod und Sterben im Internet’ means ‘death and dying on internet’. How sad it sounds! But what does it actually mean? I can’t give a better description than the next I found on the internet:
‘They are born, they grow, they are loved by a few, they communicate a few things, and then they go on to die. The death of a website generally goes unmarked, unnoticed, and unrecognized. A dead website is no longer a valuable enterprise but a historical record, a fiercely marked arena of time. A website that has died gets no funeral, no sendoff, no eulogy, and often gets no final words. Websites seem to die a strange death - they are both very public and very private organisms, created by a living few for a living audience and when they pass, the act of viewing them or reflecting on them is inherently solitary. (see: www.deckchairs.net/blogs/main/archives/000721.html)
You would think that the Google Robot which spiders every online information and transfers it to earning would also have an answer to this interesting problem. Unfortunatly, after searching for a week I was not able to find any answer at Google or Google Lab.
On the contrary, I found that search engines in general do not like dead sites. One of their princpiles is to deliver more actual and content dynamic sites in their results. Therefore they don’t like dead sites, dead links and every website which has any smell of death. They even don’t like what we might call exhausted sites, sites which are build up ones and never changed or worked on later. These can also be interpreted as potantially dead or close to dead and are therefore placed at the bottom of the search results.
The searchengines might not be interested in them but that does not decrease their importance for the history of the internet or social-economic sciences. The questions mentioned at the top are worth studying this problem in depth. Still, it should be mentioned that the general interest in the topic is still waiting. This might come in the near future.
In fact the few information that are available on the internet already give a hint to the coming up. The website www.archive.org gives for example an insight into the history of many websites. If you type an URL in their ‘waybackmaschine’, you might get screenshot results from 1996 on. It is interesting to follow the development of the design of some nowadays very popular sites. Archive.org is connected to Alexa and therefore shows only the sites which are ‘caught’ by Alexa. Neverthless, it is a very important and highly valuable contribution to this field.
Another site called www.disobey.com shows in the category ‘ghostsites’ a list of dead sites or ghost sites like they call them. There are also comments added to some dead websites; about their development and the reason of their death. The site and its list are a product of personal input of the editor of the site, Mr. Steve Baldin.
Of course, also in this field the smart ones are first. A website already promotes itself with ‘How to bring your site to life again’. Like their co-operators in the company world, they promise to bring life in a dead website. Within three months your dead website will have the best position at searchengines. Another website explains how you gain benefit from a dead website. Imagine website x was working in the travel business. You also have a travel website and know that x is out of life. So trace the backward links to x, explain the situation to the webmasters of these given links and tell them that your website could be a subsitute for the dead x. Your site will have, so the website confirms, in no time 10-20% more quality linkpartners.
Unfortunatly, the social rule seems to be valid also over here. Like the Dutch expression says: ‘For the one it is his death, for the other his bread.’
Not to be a bread for others, don’t forget to say when you open your browser each morning and see your homepage:
Still Alive!
(published at: http://www.tobook.com/newsletter/newsletter.asp)
Kamis, 04 Maret 2010
A Search Engine that PAYS YOU to make a Search?
As editor of a large Article Directory, that currently has over 20,000 Articles, we receive hundreds of new ideas that arrive daily….but in this past week I have received two new articles, that have both made me sit up and take notice. This is the first of those, the other I will leave for a second article.
Every day many millions of searches are performed, admittedly over 80% of those searches are currently made by internet users that go through either Google, MSN or Yahoo, but then like this new Search Engine, they too had to start somewhere. After all it was only a few years ago that Google started, now look at how big they are.
This is how the new Search Engine works:
You have your own Search Portal, in the same way that you would Search though any of the big three. Although instead of using say Google, you Search via your own personal Search Portal. The results that they supply, are both quick, and also very good, and supplied in the same way that they would be with any other Search Engine, but here is the difference!
1/. They will give you $50 just for joining, no catch, your account is credit as soon as you join up with them.
2/. You then get the personal link to your very own Search Portal when you join, which you then use whenever you want to make a Search of the internet.
3/. They CREDIT your account every time you make a Search, using your own Search Portal.
Now the potential!
The Search Portal link is specific to YOU, so the idea is for you to get your friends, and maybe even business colleagues to also use YOUR Search Portal, after all it will cost them nothing, and they will get good results. The more people you can get to use your Search Portal the better….BECAUSE every time that it is used to make a Search by anyone using YOUR Search Engine Portal link, the Search company pays YOU!!
It progresses even further, it is completely Free to you, and you get the $50 sign up bonus mentioned above, but if your friends also sign up, they get the $50 bonus too, as do their friends, and their friend’s friends!
So there must be a catch?
I have NOT found one, and I have looked at it VERY closely. In fact I think it is a great idea, I have actually tried it, and as promised my account credit increased as they said it would. I believe that it is a very novel idea and one that could really take off. It is totally free to use, it does not cost the users anything, and so as far as I can see it really is a win win situation.
The Search Engine I am talking about, is also a Pay Per Click Search Engine, so they DO want you to use the money you earn to buy Pay Per Click listings, but then if you have your own website, and you are accumulating money for Free just by making Searches, then it also means that you are getting your “clicks” for Free too. They also have paid Membership, which I understand allows you to take the money you earn in the form of Cash Commissions, paid twice monthly via PayPal.
From my point of view, it looks like a new way of getting free traffic to my website.
So finally if you do have a web site, or maybe plan to have one in the future, would like to promote it for Free, then this is something that you should really take a look at.
After all they could be the internet’s next big player, and you are getting in on the ground floor!
Every day many millions of searches are performed, admittedly over 80% of those searches are currently made by internet users that go through either Google, MSN or Yahoo, but then like this new Search Engine, they too had to start somewhere. After all it was only a few years ago that Google started, now look at how big they are.
This is how the new Search Engine works:
You have your own Search Portal, in the same way that you would Search though any of the big three. Although instead of using say Google, you Search via your own personal Search Portal. The results that they supply, are both quick, and also very good, and supplied in the same way that they would be with any other Search Engine, but here is the difference!
1/. They will give you $50 just for joining, no catch, your account is credit as soon as you join up with them.
2/. You then get the personal link to your very own Search Portal when you join, which you then use whenever you want to make a Search of the internet.
3/. They CREDIT your account every time you make a Search, using your own Search Portal.
Now the potential!
The Search Portal link is specific to YOU, so the idea is for you to get your friends, and maybe even business colleagues to also use YOUR Search Portal, after all it will cost them nothing, and they will get good results. The more people you can get to use your Search Portal the better….BECAUSE every time that it is used to make a Search by anyone using YOUR Search Engine Portal link, the Search company pays YOU!!
It progresses even further, it is completely Free to you, and you get the $50 sign up bonus mentioned above, but if your friends also sign up, they get the $50 bonus too, as do their friends, and their friend’s friends!
So there must be a catch?
I have NOT found one, and I have looked at it VERY closely. In fact I think it is a great idea, I have actually tried it, and as promised my account credit increased as they said it would. I believe that it is a very novel idea and one that could really take off. It is totally free to use, it does not cost the users anything, and so as far as I can see it really is a win win situation.
The Search Engine I am talking about, is also a Pay Per Click Search Engine, so they DO want you to use the money you earn to buy Pay Per Click listings, but then if you have your own website, and you are accumulating money for Free just by making Searches, then it also means that you are getting your “clicks” for Free too. They also have paid Membership, which I understand allows you to take the money you earn in the form of Cash Commissions, paid twice monthly via PayPal.
From my point of view, it looks like a new way of getting free traffic to my website.
So finally if you do have a web site, or maybe plan to have one in the future, would like to promote it for Free, then this is something that you should really take a look at.
After all they could be the internet’s next big player, and you are getting in on the ground floor!
Rabu, 03 Maret 2010
A Quick Look At Internet Fax Services
Internet fax services are a way of sending fax messages over the web, just like an email, and that without the aid of fax machines.
Here is a quick look at internet fax services. Internet fax services are a way of sending fax messages over the web, just like an email. It does this without the aid of any fax machines. And more importantly, web faxing is cheap, fast and easy to use, and hence is a big money and time saver.
First, let us see how online fax services work. Once a customer subscribes to an internet fax service, the service provider assigns him/her a unique fax number. This is the address to which other people are supposed to send in their faxes. The subscriber can receive fax messages in the form of an email, for which he/she may have to create an email account with the service provider domain. To an extent, this is quite similar to the normal electronic mail.
In order to send a fax message, what the user has to do is to type the message in the text space of the electronic mail, and press the send button, the mail being addressed to the recipient in the form ‘fax number@service provider’s name’. The sent message then goes to the network based server of the service provider, where it is converted into a suitable file format before eventually forwarding it to the recipient’s mail box or fax machine, whichever is applicable. The latter one is called e-fax, which is a new technology and is a bit more costly as it requires some additional software and hardware component installations.
Some of the online fax service providers offer the services for free, while some others charge a definite fee. If it is a free service, the facilities will be limited, and most companies make such a free offer to entice customers to subscribe for a meaty deal later on. But, even if the fax service is for a fee, still the amount is nominal in many counts, especially given the flexibility and scope of this facility. Further, one does not need any costly equipment to use internet faxing. One can manage to send web faxes with a PC and a fast internet connection.
To sum it up, email faxing is an intermediate technology that bridges the gap between traditional fax machines and web-based communication. It eliminates the complexity and operation cost of the bulkier fax machines meanwhile embracing the quickness, flexibility and low cost aspects of web communication. After all, this is what an average customer wants from technology! Good Luck!
Here is a quick look at internet fax services. Internet fax services are a way of sending fax messages over the web, just like an email. It does this without the aid of any fax machines. And more importantly, web faxing is cheap, fast and easy to use, and hence is a big money and time saver.
First, let us see how online fax services work. Once a customer subscribes to an internet fax service, the service provider assigns him/her a unique fax number. This is the address to which other people are supposed to send in their faxes. The subscriber can receive fax messages in the form of an email, for which he/she may have to create an email account with the service provider domain. To an extent, this is quite similar to the normal electronic mail.
In order to send a fax message, what the user has to do is to type the message in the text space of the electronic mail, and press the send button, the mail being addressed to the recipient in the form ‘fax number@service provider’s name’. The sent message then goes to the network based server of the service provider, where it is converted into a suitable file format before eventually forwarding it to the recipient’s mail box or fax machine, whichever is applicable. The latter one is called e-fax, which is a new technology and is a bit more costly as it requires some additional software and hardware component installations.
Some of the online fax service providers offer the services for free, while some others charge a definite fee. If it is a free service, the facilities will be limited, and most companies make such a free offer to entice customers to subscribe for a meaty deal later on. But, even if the fax service is for a fee, still the amount is nominal in many counts, especially given the flexibility and scope of this facility. Further, one does not need any costly equipment to use internet faxing. One can manage to send web faxes with a PC and a fast internet connection.
To sum it up, email faxing is an intermediate technology that bridges the gap between traditional fax machines and web-based communication. It eliminates the complexity and operation cost of the bulkier fax machines meanwhile embracing the quickness, flexibility and low cost aspects of web communication. After all, this is what an average customer wants from technology! Good Luck!
Selasa, 02 Maret 2010
A Quick Look At Free Spyware
When it comes to removing spyware from your computer there are various options open to you and these include installing a spyware blocker, spyware cleaner, and spyware detection software. There are a wide range of products available for consumers and this article will focus on the free spyware that is available and the things you should be aware of when choosing free spyware.
Free Spyware Programs
There are a number of free spyware programs available and a brief internet search will bring you up a list of them. These programs can be downloaded and installed on your computer and will give you protection against unwanted spyware.
SpywareBlaster is a free spyware detection software program that prevents spyware activeX controls from being installed on your computer. This spyware blocker also blocks cookies from websites that are known to track you internet habits. This is a free spyware program that can be downloaded and installed on your computer. Although free this spyware cleaner does have a number of advantages including the blocking of activeX.
SpywareGuard is another free spyware program that is available. This spyware blocker runs in the background and prevents spyware from being downloaded onto your computer. This free spyware program also has the ability to prevent your computer from being hijacked whilst you are browsing the internet which is a necessity if you have a dial up internet connection.
Whilst free spyware programs are available it is always wise to do a comparison of the features available with paid spyware removal software. Some free spyware removal software will only allow you to scan your computer for spyware and will give you a large list of spyware found. These free spyware programs will not however, allow you to remove this spyware from your computer until you actually purchase the spyware removal software. This is something that you should be aware of when looking a free spyware programs.
Free Spyware Programs
There are a number of free spyware programs available and a brief internet search will bring you up a list of them. These programs can be downloaded and installed on your computer and will give you protection against unwanted spyware.
SpywareBlaster is a free spyware detection software program that prevents spyware activeX controls from being installed on your computer. This spyware blocker also blocks cookies from websites that are known to track you internet habits. This is a free spyware program that can be downloaded and installed on your computer. Although free this spyware cleaner does have a number of advantages including the blocking of activeX.
SpywareGuard is another free spyware program that is available. This spyware blocker runs in the background and prevents spyware from being downloaded onto your computer. This free spyware program also has the ability to prevent your computer from being hijacked whilst you are browsing the internet which is a necessity if you have a dial up internet connection.
Whilst free spyware programs are available it is always wise to do a comparison of the features available with paid spyware removal software. Some free spyware removal software will only allow you to scan your computer for spyware and will give you a large list of spyware found. These free spyware programs will not however, allow you to remove this spyware from your computer until you actually purchase the spyware removal software. This is something that you should be aware of when looking a free spyware programs.
Senin, 01 Maret 2010
A Plan to Stop Working Soon
After you have figured out how much money you need to retire, you are stuck with one major problem – well two: How long will you need that money and where are you going to get that money! Well both have the same answer in a sense. You find residual income that is at the very least consistent, but possibly growing. Residual income by definition is recurring income that comes, usually without recurring efforts. For example... if you build a house and rent it out. The rent you receive is residual in that is comes in regularly and without extra effort beyond the initial construction. Once you pay your maintenance costs, then you have your residual profits. You will have that income as long as you keep the house – and you can keep the house as long as it brings in a profit – ideally as long as you live!
So besides real estate what kinds of investments bring residual income with minimal risk and fluctuation? Well if you have enough seed money, you buy dividend paying stocks or income trusts. You can easily research the dividend history of a company, look for ones that pay consistent dividends year after year. Banks and insurance companies are good for this. If in the last 20 years they have never missed a dividend you have a candidate. If they have gradually increased the dividend payout over time, you also have a solid winner. You don’t really care what the stock price does, you want to know how much dividend you can depend on from the company.
A $500 000* dollar investment in a diverse group of dividend paying stocks can let your retire on perhaps $50,000 per year* (* These numbers are just examples not real or validated.) If $50k is enough for you to retire on and live on for the next however long then you know how much you need to accumulate before you can retire. Another benefit of dividend income is that the tax rate on investment income in most western countries is much less than earned income taxes. So you get a break in all directions.
I recommend that you look into some great online income generating businesses. Maybe you won’t make millions – that’s possible too. But if in the next few years you can make more money than working could get (unless you are an E*ron CEO) – and you continually re-invest that in a residual investment vehicle, you could retire real soon. Your online business would also be residual and expanding and reinvesting part of that income into other areas would create multiple streams of income.
But if you are like me, the first major hurdle is how to come up with that initial investment. Well you build a business that requires less investment. Then you use the income from there to invest in other residual income sources. Internet Marketing is a great place to start with opportunities growing everyday as more and more people come online. It’s easier than you think, but requires some action on your part. The best thing you can do is find a mentor – someone who has done it before and is willing to help you get started. Don’t umm and haw – the worst that can happen is that you don’t make all the money you thought you would – but you have made more than you would have if you did nothing, and depending on the kind of life you have that little extra may be just enough!
Thanks for reading,
Your Rich Cousin
(Author and Business Success Story) Get the free e-book that got me started and helped me start making money at http://www.richcousin.com It's so straight forward and easy to understand AND you will have the support you need to start making a great income online.
So besides real estate what kinds of investments bring residual income with minimal risk and fluctuation? Well if you have enough seed money, you buy dividend paying stocks or income trusts. You can easily research the dividend history of a company, look for ones that pay consistent dividends year after year. Banks and insurance companies are good for this. If in the last 20 years they have never missed a dividend you have a candidate. If they have gradually increased the dividend payout over time, you also have a solid winner. You don’t really care what the stock price does, you want to know how much dividend you can depend on from the company.
A $500 000* dollar investment in a diverse group of dividend paying stocks can let your retire on perhaps $50,000 per year* (* These numbers are just examples not real or validated.) If $50k is enough for you to retire on and live on for the next however long then you know how much you need to accumulate before you can retire. Another benefit of dividend income is that the tax rate on investment income in most western countries is much less than earned income taxes. So you get a break in all directions.
I recommend that you look into some great online income generating businesses. Maybe you won’t make millions – that’s possible too. But if in the next few years you can make more money than working could get (unless you are an E*ron CEO) – and you continually re-invest that in a residual investment vehicle, you could retire real soon. Your online business would also be residual and expanding and reinvesting part of that income into other areas would create multiple streams of income.
But if you are like me, the first major hurdle is how to come up with that initial investment. Well you build a business that requires less investment. Then you use the income from there to invest in other residual income sources. Internet Marketing is a great place to start with opportunities growing everyday as more and more people come online. It’s easier than you think, but requires some action on your part. The best thing you can do is find a mentor – someone who has done it before and is willing to help you get started. Don’t umm and haw – the worst that can happen is that you don’t make all the money you thought you would – but you have made more than you would have if you did nothing, and depending on the kind of life you have that little extra may be just enough!
Thanks for reading,
Your Rich Cousin
(Author and Business Success Story) Get the free e-book that got me started and helped me start making money at http://www.richcousin.com It's so straight forward and easy to understand AND you will have the support you need to start making a great income online.
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