Financial Resource

I want to share a little story about why and how I became an internet entrepreneur, and in that story you will realize why I believe just about everyone should start their own internet based home business. And the good news is not only SHOULD everyone start one, absolutely anyone CAN. I will tell you how I started mine as well because it may give you an idea or two.

It all started when I attended the Millionaire Mind Seminar with T. Harv Eker. The whole point of the seminar is to be able to create financial freedom, which of course is when you always have plenty of money without having to work. I was interested in how to do this, and that is why I was attracted to this particular seminar.

What I learned that was had the biggest impact on the financial success that I have since enjoyed was the importance of passive income. I realized that passive income, which is income that you earn without working, is something that anyone can have. It just took finding the right opportunities and investing your time into them.

So then I began my search for passive income streams, and I was naturally led to the internet. The internet is an awesome vehicle for setting up a number of simple, cheap, and very profitable passive income streams. Not all internet businesses and money making opportunities are automated, therefore not all of them create passive income. For income to be passive your business needs to be completely automated to work without you.

I have found some really terrific ways to set up passive income on the internet. And what is great is that you do not need a lot of money at all to get started. In fact, there are many ways to set up passive income streams without spending a single dime.

My favorite vehicle to use for generating passive income on the internet is a search engine optimized website. This is in my opinion the best way to ear money online. When you have a website that is made for generating free search engine traffic, you can monetize it in a number of ways so that it earns profits around the clock. The more traffic you are able to generate, the more money you can earn. It really is a numbers game, and you goal is to create as much website traffic as possible.

If you follow basic seo principles you can build a website that will receive more than enough traffic for your internet business to thrive. If you do things right you will be able to generate ten’s of thousand’s of unique visitors each day. The key is choosing a small niche, using profitable, low competition keywords to target that niche, and creating a ton of original content pages that the search engines can list. The more pages, the more listings, the more traffic.

And as I said, traffic can be monetized in a number of ways. I monetize my website traffic with Google AdSense, affiliate marketing, network marketing and mlm, as well as sell my own products and services. Most niches can utilize these and a number of other monetization methods. The key is to diversify your monetization models so that you maximize your conversions on each one of your visitors. The more or your traffic that you are able to turn into some kind of profit, the better.

Can you see how great this simple internet business plan is for creating multiple sources of passive income. And if you choose a niche that you are interested in and passionate about, you will be able to do what you love, love what you do, and earn an unlimited passive income all at the same time. How great is that?

Take a little time each day to work on building passive income. Find the right vehicle for you and invest small amounts of time that will gradually create a snowball of passive income.

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