Monday, December 7, 2009

Leverage And Financial Freedom: How To Get Multiple Streams Of Passive Residual Income Flowing

In order to get those multiple streams of nonlinear income flowing you've got to get involved in business opportunities that allow you to do the work once and get paid for the rest of your life. A nine-to-five job is the worst vehicle around for helping you gain financial freedom because it gives you no leverage!

Let's look at several examples of business opportunities that allow you to create this kind of income.

1. Own ATMs or a vending machines: Once you have the machines and you've set up the necessary service arrangements, every time someone uses the ATM or buys something from the vending machine you get paid - even if you're vacationing in the Bahamas!

2. Options trading on the stock market: This is an example of leveraging money. For pennies on the dollar you can buy options on various stocks. When they go up in value, you make money.

They same is true for simply buying shares of the stock itself, although the leverage is not as good because buying shares costs more than buying an option on the stock and the gains on your investment are generally not as great.

3. Become an "infopreneur" (producer and distributor of information): This is an example of leveraging information. In the previous article I told you about my experience of being an author and collecting royalties on books I've written.

This is also how the music industry and the film industry work. You produce the information, CD, or film once and get paid for the rest of your life.

4. Network marketing (a.k.a. multi-level marketing): This is an example of people leverage. In network marketing you build a "downline" of other people who want to join your business team and you teach them how to build their own business by duplicating your efforts.

Every time they make money, selling your company's products or recruiting other people to be part of their team, you get paid a percentage of what they've done. This can continue, even when you're no longer actually working the business yourself!

5. Internet marketing: This is an example of technology leverage. Often information leverage is part of internet marketing as well. Here you set up a website that is marketing various products or services. You may have an online product or service catalogue and shopping cart. Maybe you have an online mall.

In any event, once it's set up and your advertising is successfully driving people to your online sites, it can produce you income for years into the future without you having to do anything but maybe "tweak" it occasionally.

7. Affiliate marketing: This involves both people leverage and technology leverage. Affiliate marketing is selling a company's products where you make a commission on each sale, OR if you have a product to sell you pay a commission to people who become your affiliates.

Some affiliate programs are set up to pay you commissions on other affiliates you recruit to join the company's affiliate program as well. Get yourself an army of affiliates and just watch the nonlinear income begin to flow!

By making the transition from your traditional business or job and earn income from your computer.  Take advantage of  the many opportunities that let you leverage your time, money, information, people, and technology, you'll get paid over and over again for working one time, AND you'll be well on your way to financial freedom.

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