Unlike most directories we plan on having for mor company information on the detail page including pictures and video. In fact we expect video to play a large role as time goes on.

So be sure to visit abbotsfordsearch.ca and take a look around and if you are a business in Abbotsford BC and you aren’t listed and have a website be sure to sign up.

The Rich Dad Poor Dad Book

Written by Robert Kiyosaki, this New York Times best seller lays out a method of success that Kiyosaki developed from observing and learning from his two dads. The first, his biological father graduated from college with a Ph.D. and went on to earn a high paying earned income salary. The other, his best friend’s father never went to college and still ended up one of Hawaii’s richest men.

The book explains how even though is biological father or rich dad made a good earned income he rarely had enough money left come the end of each month. His best friend’s father or Kiyosaki’s poor dad built up a reliable stream of both passive and portfolio income that continued to earn him money on an ongoing basis, which ultimately led to him being incredibly successful and wealthy. Kiyosaki strives to teach others this mindset and success can be attained by utilizing this powerful method.

Three Types of Income

In the Rich Dad Poor Dad method, you learn that there are three main types of income. While each of these income types provides you with cash flow, one will only provide you with money once and the other two will keep on earning.

Earned Income

This is the income that most people earn on a daily basis through work they do. If you are earning a salary or being paid by the hour, then you are being paid only once for the work that you do. While this is still money in your pocket, it provides you with no ongoing benefits.

Passive Income

When you create a stream of income that continues to earn you money even after the initial setup, with no or little effort required on your part, this is known as passive income. Unlike its earned counterpart, passive income can keep on working for you even after you have quit working for it. The Rich Dad Poor Dad method suggests this is the most important type of income and can be used in conjunction with portfolio income to earn long lasting wealth.

Portfolio Income

Gained through paper assets such as stocks and bonds, portfolio income can help you gain success. Although it does not pay upfront as earned income does, it produces an ongoing source of cash that can easily double or triple your investment overtime.

Why is Residual Income so Important?

When it comes to using the method spelled out in the Rich Dad Poor Dad method, residual income is the most essential part of success. Earned income is limited by the amount of time you can put in. Since your time is a limited asset, there is only so much you can make with earned income.
Residual income allows you to keep earning on a regular basis. You are also able to start up a variety of different passive income streams that will allow you to have a backup plan should one stream fail at some point.

With the Rich Dad Poor Dad mindset, you can create an income that keeps on earning for years to come. True success can be found when you develop a residual income stream that works for you long after you stop working for it.

What is a MLM Business?

Also known as multi-level marketing or referral marketing, this business structure relies on a strong down line to provide ongoing income. The greater your down line, the bigger your earning potential becomes. Generally, you will not only earn compensation for the sales of the people you bring into the company, but you will also be compensated for the sales of the people that they and their referrals bring in as well. The products are marketed to the potential business recruits as well as directly to the consumers.

Characteristics You Should Have

In order to be successful in building a strong MLM business, there are certain characteristics one should have. If you do not currently have these characteristics and do not think that you are able to learn them in a reasonable amount of time, then a different business structure may work out better for you.

• Ability to work well and interact with all types of people
• Able to be coached and take advice that is given to you by others that are higher up the ladder.
• Desire to create a self sufficient income through a home business model.
• Always looking for ways to make small self improvements and change the way you do business to get better results.
• Ability to develop a long term success plan and stick to it for a period of at least 3-5 years.

Finding the Right MLM Business for You

Once you have made the decision that this type of business structure is right for you, it is time to find an opportunity that best fits your needs. Doing your research during this part of the process can go a long way. Look at each company you are interested in and figure out whether their business plan, process, incentives and structure are one that would work best for you. Be sure to get advice from others or seek out reviews before making your final decision.

Find an opportunity that has a strong support network of MLM’ers that you can bond and swap ideas with. This also enables you to learn from those who are doing what you want to become successful at. Having a forum of like minded individuals who have the same goals is a crucial part of gaining success in network marketing.

Thoroughly understand the requirements that a company has for being paid and compensated for your work before joining. Also be aware of any fees they may charge either initially or on an ongoing basis. Not all MLM business opportunities are created equal and you wouldn’t want to join a venture only to find out that the fees are throwing you under the bus before you even begin.

Believe in the products or services that you are representing. When searching for a business to join, it is important to look for one that carries items you truly like and can stand behind. You have a greater chance of success when you represent something you are passionate about.

Before you begin your MLM business, you will want to decide whether it is truly the right home based venture for you. The information provided here can help you determine whether this type of marketing suits you needs and interests as well as how you can go about finding the right company to join up with.

What is Passive Income?

If you are unfamiliar with the term passive income, it is the ability to create an income stream that keeps on producing ongoing sales even after the initial setup. These types of opportunities require little to no effort or upkeep over time and allow you to further work towards financial freedom while still having a reliable source of funds.

Money Making Opportunities

When financial freedom is your goal, there are a variety of passive income options that can help you achieve this goal. No matter what your skill set or specific talents are, there is an opportunity that is right for you. Some common income earning examples include:

EBook Creation

Creating your own eBooks is a great way to earn income on an ongoing basis. Once you create an informational piece, you can either choose to market it on your own or you can release it to a marketplace of affiliate marketers and let them do the hard work f or you in exchange for commission.

Article Writing

If you have a talent for writing, you can earn a passive income through article creation. There are a number of websites on the Internet that will pay you ongoing income based on the number of page views or ad revenue your articles receive.

MLM Business Opportunities

An MLM business is another great way to earn financial freedom through recurring income. By building a strong down line of referrals that are active in the company, you can ensure an ongoing cash flow that will keep on earning.

Niche Blogs

Niche blogs are a source of passive income that allow you to set up a blog on a specific popular niche and then earn through adsense revenue or through affiliate sales. The only upkeep involved with this method is the adding of additional blog posts every so often, to maintain a fresh flow of content.

Finding Success with Passive Income

In order to gain success and financial freedom through these types of income sources you must be willing to put in the time to learn. You can’t just wake up one day and become instantly successful at earning money online. It takes practice, research and trial and error to find the method that works best for you.

The ability to interact and network with others is as an important part of gaining success on the Internet. It isn’t always about what you know, but also about who you know. Networking in the right circles can take you a long way towards earning financial freedom while working from home. If you are not able to interact with others and put yourself out there, you will likely not succeed.

Drive and determination are also an important part of the success formula. You have to be willing to put forth the effort to gain the reward. You also can’t be devastated by failures.  Treat each setback as a chance to learn something new and you will be sure to move forward and succeed.

Financial freedom can be gained through passive income and it is possible to find a reliable work at home business opportunity. If you follow the advice listed here, you will be off to a good start in locating an earning process that works for you.

Choose the Right Products

The most important step to succeeding in earning an affiliate income online is choosing the right products to market. While it is good to find a product that you would use yourself and that you are passionate about, it also has to be something that is popular and searched for often.

Once you have narrowed down your choices to several popular products that you feel will do well, take a look at the commission being offered and the refund rate if provided. Marketing a product that pays a smaller commission but very low refund rate may be better in the long run than choosing a product with high commission and huge refund percentages.

Also take a look at the merchant’s website. Is it something that will convert? You can drive all the traffic you want to a merchant’s product page, but if it can’t convert there is no profit in it for you.

Do Keyword Research

To successfully earn affiliate income, you can’t simple start a site and through up a bunch of random articles on the niche. This may still provide information for readers, but you will get no traffic from search engines without properly keyword optimized content.

Do some keyword research online and determine what keywords have low competition online, but still receive a great deal of searches on a monthly basis. Try to devote each article to only one keyword for the best results and use similar or supporting keywords less often throughout the article to back up the articles authority and help it rank better with the search engines.

Create a Converting Website

Once you have nailed down the keywords that you will use, the next step in creating affiliate income is the creation of a website that can convert into clickthroughs to the merchant’s website. Not only is the look of the site important, but the content found there is as well. You only have a few seconds to entice readers to click onto your site to stay there. If your website is littered with huge ads or hard to navigate, they will likely leave quickly. Making your site a mecca of information on its niche is a wonderful way to engage readers and get them to click through.

Develop a Solid Marketing Plan

Whether you plan on using paid marketing methods such as Google Adwords, free methods such as social networking or a combination of the two, in order to earn affiliate income, you need to have a strong marketing plan in mind before you begin.

Decide on the types of marketing you would like to use and then start putting them into motion. Article marketing is a popular method that can provide you with double benefits as you earn back links and drive traffic. Adwords and other paid advertising methods can have huge results if you do your research first. Utilizing several forms of marketing at once will help you become more successful and will allow you to see what methods are working best for you and which need to be dropped.

Anyone is capable of earning affiliate income from home. The four steps above are designed to give you an overview of what is needed to succeed as an affiliate online and can help you get started in earning a passive income.

Choosing a Profitable Niche

The first step in earning money on your website is choosing a profitable niche. While you may be interested in a specific topic, the Adsense rates for that niche may pay out pretty low. Do some research and determine the niches that have a high interest, but low competition. After that, dig through to determine which provide the highest click through rates for advertising. In the long run, this will go a long way in determining the amount of success you see with this method.

Building Your Website

The next step to creating an income through ads is the actual development of your site. Your website or blog should be well populated with original content that is on the topic of your niche and provides readers with information that interests them. Useless or unreadable content that is not properly optimized for search engine rankings will not bring you traffic and will drive readers away from your site instead of encouraging them to click on ads.

Some themes that you can choose for your site will be set up to take advantage of SEO and the preferable Adsense placement right off the back. Utilizing these themes, populating them with good content and a look that is inviting to readers will help you earn more money.

Bringing in Traffic

The amount of money that you make with Adsense ads will primarily depend on the amount of traffic you are able to drive to your site. Without a high amount of traffic and a good click through rate, your account balance will sit stagnant. There are many different methods that you can use to get traffic to your site.

Article Marketing

One of the most popular forms of free advertising is article marketing. If you have a knack for creating properly keyword optimized content that is interesting and fills a need, then you can succeed with this type of marketing. All you have to do is create articles on your niche topic and insert a highly searched keyword with low competition. Once the articles are complete, you can submit them to article directories to be distributed around the Internet. Not only will this provide you with useful backlinks to raise your rankings in the search engines, but it will also drive traffic to your site when readers click on your links.

Adwords and Paid Advertising

Paid advertising through Adwords or other sources can drive traffic to your website and help you make money from Adsense, but it is a formula that requires trial and error to perfect. If you are a beginner to marketing, this may be a costly place to start. There is a huge potential for vast traffic results if this method is done correctly though.

Social Networking

Another popular form of traffic generating is advertising through social networks such as Twitter, Facebook or forums. Finding forums on your niche and placing the link to your site in your signature while you actively participate with forum members is a great way to earn traffic. Building a Twitter stream full of followers who are interested in your niche topic can also drive traffic to your site when you tweet about recently posted articles and information.

Creating passive income through Adsense is a simple and effective way to earn money on a residual basis. The tips above can help you get started on your track to success with website ad revenue.

There are many passive income opportunities available online that provide individuals with an ongoing source of income with little to no effort necessary after the initial setup. If you are searching for a way to earn passive income online, then the three opportunities below should be of interest to you.

Digital Product Creation

One of the easiest ways to earn residual income online is to develop your own digital products such as eBooks or computer programs, which fill a need and can be sold for years to come. There are step-by-step instructions on how to create your own eBooks and aside from the initial time involved in the creation of the product, there is little to no time requirement thereafter in order to bring in a passive income.

You can choose to market the eBook on your own blog or website or you can submit it to different affiliate marketplaces and allow other marketers to sell the products for a commission. With this opportunity, you will receive passive income from the sale of your products each month without having to do anything further.

Niche Websites and Blogs

Another great passive income opportunity that can fair well even in a weak economy is the development of niche blogs or websites that are set up to earn advertising income. Purchasing a domain is fairly inexpensive and setting up your own website or blog is a fairly simple task when you get the hang of it.

Once you choose a topic that is popular and has low competition, you can populate your site with articles or posts aimed at capturing search engine traffic and place ads in targeted locations. As readers visit your site and click on the ads, you will earn a passive income each month. This option is a little more labor intensive as you must initially set up and market the sites, but eventually the traffic will come in on its own, leaving you free to develop other income earning sites.

Affiliate Sales

If you do not wish to develop your own informational products and are not looking to create many different niche websites, then affiliate marketing is another passive income opportunity that might work for you. Most businesses now have an affiliate section, in which they will pay you a commission in order to drive in traffic or sales. There are also affiliate marketplaces, which have a wide range of informational and digital products that can earn you a commission when you produce a sale.

You do not necessarily have to have a website or blog to be an affiliate marketer, many are successful simply marketing through popular social networking sites such as Twitter and others find success when setting up small Squidoo or Hubpages and dropping affiliate links or banners in targeted locations throughout their content. With affiliate marketing, you are not limited to a specific field or product either; you can go with what is trending at the moment, making this opportunity virtually recession proof.

If you are searching for passive income opportunities that work even in a tough economic environment, then the above options are ideal. These options allow you to start earning passive income quickly and require little ongoing effort, which allows you to branch out and continue earning more on a month to month basis.

The business model I’m using is to get Internet users to visit websites I own and then monetize those websites.

Monetizing The Website

At this time I am focusing on the advertising model. This model displays ads to the visitor and there are four different ways to earn money;

• Google and others have programs that will pay me a few pennies each time a visitor clicks on the displayed ad.
• Some companies will pay me a sales commission if a visitor purchases their product or service as a result of clicking their ad displayed on my site.
• As above I can sometimes make money if the visitor simply fills in a form rather than making a purchase
• Finally if the site becomes very popular some companies may simply pay to have their ad and link back to their website displayed on my site.

Getting People To Visit The Website

Their are both paid and “free” methods to attract visitors to a website. My focus for now is using “free” methods. Although I am a big believer in PPC (pay per click) programs such as Google AdWords I want to explore the “free” methods first.

You will notice that I’m using quotation marks around the word “free”. That is because nothing is really free as you are using your time and research in the place of dollars.

Most people use search engines to find what they are looking for. If your website can be displayed on the first page for reasonably popular search phrases then the major search engines like Google and Yahoo can send you visitors without cost to you.

Although there are many methods to attract visitors to your website, for now, I will be focusing on getting the search engines to index and rank my sites well for fairly popular search phrases.

Search engines look at two things to decide where they should rank a web page that resides on your website for a search phrase.

First is the content of the page itself of course, how relevant is it to the search phrase the user typed into the search engine to begin with?

Secondly they look at how other websites (usually in a similar niche, industry or category) “think” of your website for the search phrase in question. Do they link to your website and page that talks about this search phrase? Do they talk about your site and refer to it in online discussions? They are trying to gauge your “reputation” in the universe of the web. The better your reputation the better you will rank.

The second part of this equation is far more difficult to manage and improve than the first. Your content is completely under your control. Your reputation is not.

Passive income is different than residual income and there are fewer methods that I would classify as truly passive.

Passive Income

Passive income rarely involves customers directly. The idea is that you build automated systems that can function on their own with little or no input from you. Most websites will require some form of continued content creation to insure or even improve traffic from search engines. Automated content data feeds are available but will rarely help with search engine traffic so they pose their own set of problems.

The passive income concept is about feeding the system on occasion and the system generating profit rather than the, more typical, direct customer or client based business model such as is used in the residual income model below.

Residual Income

This allows far more variety in business models. As we now are usually interacting with customers and clients the business possibilities are far broader. The idea of the residual income model is to escape the one time fee or project based model such as some website design companies utilize. A steady flow of monthly or yearly fees is the goal and is a far more powerful method of business growth than the “one off” or project based system.

To achieve some form of “passive income” feel from this method it will be necessary to hire employees or contractors to perform the work for you but in today’s world this may not be that difficult. However even if you do the majority of the work your self this is still an excellent model to work with as it provides a steady flow of revenue and you aren’t finding yourself starting from ground zero at the start of every month. Excellent for the self employed and home based workers as we unusually have little time or budget to do effective marketing.

The goal of the residual model is to break out of the project based model where you provide a service, such as building a website, and then go looking for your next client. The idea is to keep a steady stream of monthly or yearly fees coming in.

Monthly Or Yearly Services

There are many services that companies need that can be provided by somebody who has a reasonable amount of Internet experience. To insure that we stay focused on a residual stream of income the services below should be provided on a monthly or yearly basis with a six month minimum agreement;

• website hosting
• website update and maintenance
• search engine optimization services
• pay per click marketing management
• content creation and editing services
• newsletter management
• strategy and consulting services

Membership & E-learning Sites

Here the primary business model is to charge individual or businesses on a monthly or yearly basis to learn or obtain quality information. As most people do not remain as members of a membership site for more than six months or so on average an E-learning site that offers a six month course or longer really has a very similar result to a membership site.

Companies and individuals are willing to pay for a wide variety of quality and expert knowledge and advice. Almost any field, category or niche could possibly succeed however you do need to provide quality, value and genuine expertise. Here are a few examples of successful membership and E-learning website as of this writing;

• expert advice to restaurant owners ($99 signup fee and $13 per month)
• learn how to be a professional graphic designer ($20 per month)
• write and publish your own book ($49 signup fee and $20 per month)
• increase profits from your business website ($20 per month)
• how to run a profitable photography business ($7 per month)