Tag Archives: Tutorials

How To Start Making Passive Income In 2011

passive income streams

Most of us probably have the same fantasy at some point in life. The dream is to earn cash without having to do much, or any, work at all. Even after 25 years in the plumbing business my father used to read the classified advertisements every day. When asked what he was looking for the response was always the same, “my thousand dollar a week job where I don’t have to do anything.” We all used to get a chuckle out of it, but the idea always stuck in my head.

Ways To Earn Passive Income

Investment Property – Buying investment property, even in our current housing market is a great idea. There are stories all over the world of people who simply buy up properties and then sell them, trying to make money on the resale. While this can be lucrative you have to have a lot of money at your disposal and put in a great deal of work to make it happen. But, if you actually buy properties up and hold on to them you can earn income without having to do all that extra work. If you were to buy one house that carried a mortgage of $1,000 you could probably rent it out for $1,300 per month. Right there you have already added $300 of income to your monthly budget. Of course, in the first few years you probably want to stash some of that money away for an emergency fund or to make repairs to the property, but after that it is gravy. You can even use it to pay down the mortgage faster so that you send less on interest charges. After a few years you could sell it and all get the full purchase price back as profit.

Using The Internet – There are loads of ways to earn income on the Internet. If you are ambitious you could start your own membership site. On it you provide valuable content for a specific area. Your members pay a fee to see that content, which becomes your profit. This can be a lot of work and you have to have some area in which you are an expert or you will wind up spending a lot of money buying content from others. Another way is to use Google AdWords to set up a Pay Per Click campaign. When web surfers click through the ads that you promote you make money. While it is not a lot of money per click, over time it can add up. This is an excellent way to add profit to a web site that you have already set up or will set up. If you have eBooks you have written or other intimate knowledge of a subject you can set up the site once and then sell the advertising space. Ebooks themselves are an excellent way to earn passive income. If you choose to sell the book online you can make easy cash for as long as you choose to sell it.

Software – Even if you do not consider yourself the most technically savvy person in the world you could create software. All that you really need is one good idea. For example, if you know how to train a dog because you have had dogs all of your life, you could build software that helps teach others how to train dogs. Broad topics are excellent because they can be sold to people all across the globe and tend to be timeless.

You probably have some of your own ideas about how to build passive income. Most of us come up with little ideas all the time that we think could make us the next Steve Jobs. The difference between us and them is that many of us do not follow through on those great ideas. With a full time job, a family, and loads of other responsibilities it is easy to see how those ideas can get left in the dust. Take action to make sure that this does not happen to you.

Make Your Passive Income Dream A Reality

Step One – Do not forget anything. Carry a notepad and paper with you all of the time so that you can write down your inspirations and ideas. The wildly popular and lucrative Harry Potter series started from an idea written on a napkin. You just never know when brilliance will strike so be prepared all the time.

Step Two – Try it. Try everything, even those ideas that you think sounds silly at second glance. If you have an idea for an eBook, sit down and try to write one. If you think you can make some money doing Pay Per Click ads, then give it a go. Even if you do not make loads of money at first you can learn a lot so that eventually the money will start flowing.

Step Three – Build a war chest. If you want to create a passive revenue stream you might need some seed money to do it. So even if you do not have your million dollar idea yet, save money as if you do. That way you will have the cash on hand whenever you are ready to get started.

Step Four – Do it every day. If you do not work on your ideas every day they will gather dust. Instead, take time out every single day to work on your ideas or to track the income streams you already have going. It does not have to be a lot of time every day, but enough to keep you focused on the goal of having long term passive income.

Imagine how great your life would be if your could take a few simple ideas and put them into action that can generate passive income. It is completely possible. While it might not start out as passive income within a short time you could be earning money for nothing.

Timothy Ng is an experienced personal finance writer, specialising in credit card comparison.

How Signup for a ClickBank Account

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If you’re looking to join the online “money making” world I strongly recommend becoming a ClickBank affiliate. ClickBank is a payment processor for a ton of products which you as an affiliate can earn huge (how does up to 75% sound?) commissions on. I believe that if you’re serious about making money online you gotta start promoting a few good ClickBank products, and you have to start NOW. So with that in mind I found a video for all you ClickBank newbies that shows you how to open a ClickBank account (btw, it is free of charge.)  The video follows below – enjoy!:

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Now as for what products to promote and how to do so, well, I’ll leave that for another post. One thing I can definitely guarantee you is that once you earn some money with ClickBank you will get paid – I speak from experience on this one.

Best of luck to you all.

Alan
http://alansmoneyblog.com

Free Elliott Wave Online Tutorial

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Greetings Investor/Trader!

“Successful market timing depends upon learning the patterns of crowd behavior. By anticipating the crowd, you can avoid becoming a part of it.”

I pulled this quote directly from the opening paragraphs of the free Elliott Wave Online Tutorial. It’s critical to your understanding of how markets really work.

Now some might say, “What’s wrong with following the crowd? I’m just following the easy money, right?” The problem with this logic is that most investors follow the crowd (or herd) all the way up the mountain … then right off the cliff.

Look at today’s situation: How many people you know got out of the stock market before the October 2007 top? Heck, how many you know cut losses and cashed out even six months after the top?

If you’re like most people, your answer ranges from “zero” to “very few.”

Being a successful investor over the long term means you must always strive to be part of that “very few.”

Famed market analyst Robert Prechter, the leading practitioner of the Elliott wave method of market analysis, once said, “Missing a market move may be a shame, but getting caught on the wrong side of one means you lose money. People who have gone through the experience know there’s a big difference.”

To be a successful individual investor, you must understand what it means to take risks when the probabilities are behind you and shun risk when they’re not.

Robert Prechter’s method of analysis, the Elliott Wave Principle, is designed to help him and his subscribers do just that. In fact, just this week, a MarketWatch.com columnist wrote this about Prechter’s performance:

“Over the past 12 months the Elliott Wave Financial Forecaster is up 22.8% by Hulbert Financial Digest count, vs. negative 43.32% for the dividend-reinvested Dow Jones Wilshire 5000.

“And so terrible has the damage to the stock market been that the HFD now shows EWFF ahead over the past 10 years, with a annualized gain of 1.7% vs. negative 2.55% annualized for the total return DJ-W.”

Buy and hold is dead. Trading isn’t any easier. Having a big-picture outlook doesn’t mean you must “set it and forget it,” as the late-night infomercial guy says. And it certainly doesn’t mean you must be in and out of the markets every day. It simply means you can see the forest for the trees.

You can go long when the markets are behind you, short if you have the guts, and stay out completely when the risk is too high. Simply put, adopting an independent, unbiased method is the very best way to ensure you don’t get caught up in the investment herd.

Elliott wave analysis is not for everyone. It’s highly technical. And it presents probabilities, not certainties (there’s no such thing as a black box trading system). The most successful investors and analysts – the guys who are still around after 30 years like Prechter – are able to assign probabilities and assess risk; and they act only when probabilities are high and risk is not.

I encourage you to learn more about the method that has kept Robert Prechter out of the herd and in the game for more than three decades. His company, Elliott Wave International, has an extremely useful Elliott Wave Tutorial for free online. It’s broken up into 10 lessons across 50 pages, so it’s easy to read and review at your leisure.

Check it out at the link below, give yourself some time to digest it, and decide for yourself if Elliott is a method you should add to your investment arsenal.

Separate your investments from the herd; get started with the free Elliott Wave Tutorial today

Yours truly,

Alan

 


About the Publisher, Elliott Wave InternationalFounded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.

How to get a Payoneer card

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After I posted my review of Payoneer’s Virtual US Bank Account offering many of you asked me how you can obtain a Payoneer prepaid debit card. As I’ve mentioned in that review, you cannot obtain a debit card directly from Payoneer, instead you have to get it from one of Payoneer’s payment solutions partners.

Payoneer has partnered with many online businesses to offer them the possibility to make mass payouts easier, faster and more convenient for them and those who will receive them. If you are not already making money from one of Payoneer’s many partners, you will have to start by signing up with one of them.

Here is a list of all Payoneer partners that I could easily identify. No doubt there are probably more partners available, so this list is by no means complete. I will add more Payoneer partners to the list as I come across them. If you’re one of Payoneer’s payment solutions partner and you would like your site posted on the list give me a shout at alan at alansmoneyblog.com

Payoneer partners

Which ones should you choose? Well that obviously depends on how you prefer to make money online. For example if you’re an online merchant the 2CheckOut would be the logical choice. If you run a blog or website and would like to sell advertising space then Text Link Ads would in that case be the logical choice.

Google some of these websites out and find out if they’re right for you.

Now once you’ve decided which Payoneer partner to go with, proceed to the next step which is figuring out how to order a Payoneer card from one of these partner websites. As always it varies from partner to partner so don’t be shy and ask the website’s customer support crew for assistance.

As an example, getting a Payoneer card through Text Link Ads is one of the easiest methods that comes to my mind at the moment. All that you have to do is click on “Edit Account” in your members section and then look for  “*Would you prefer to be paid via check, payoneer or paypal?”.  Select “Payoneer” from that list and then click the “Update Account” button.

You should  then be redirected to a pre-application page where you will be given information on the advantages of using the Payoneer option. The next step is to click the button “Apply” at the end of the page so that you are redirected to the application form on the Payoneer website.

The next step is to fill in the form with your info and send the form.

Shortly after the application process is complete, an email will be sent to the address you provided informing you that your order has been received. Once the application is approved, you will receive a confirmation email and the card will be mailed within 2 business days.

Once you have card in your hands simply follow the activation instructions in the welcome letter and you’re all set!

Update (Dec 26,08): Thanks goes out to Gregory B for pointing out that you don’t have to have a different payoneer card for each payoneer parter.

You can receive payments from several partners into one Payoneer card. To achieve this you would have to go through the complete registration for one partner, to obtain the physical card.

Once you receive your card from this partner, you will have to go through a very short registration process for each additional partner, as follows: on the Payment Method page, instead of pressing the button to sign up for a card, press the link (usually placed above the button) that says “I already have a card”

And with that we’ve reached the end of this post. Thanks for your attention and for visiting my blog.

Cheers,
Alan
http://alansmoneyblog.com

Tips to Send Visitors to your Clickbank Mall

**EDIT: I no longer recommend this website. I am 90% sure it’s just a scam. The only person making money from this is the CBTopSites admin who inserts his clickbank id 9 time out of 10 into YOUR cbtopsites mall – EVEN IF YOU PAID FOR THE UPGRADE!!***

Hello dear fellow online marketers. If you visit my blog on a regular basis you may remember seeing my posts about the free clickbank mall offer provided by CBTopSites. If you already got your free clickbank mall, then great! If you did not or this is your first time hearing about this opportunity I recommend you visit the site below:

http://www.cbtopsites.ca

*Click on the “Affiliates” link at the top and register*

Now, since you’ve got your free clickbank ready to receive traffic let’s get to the heart of this article, which is about methods you can use to get free traffic. I hope you find it useful and profitable:

Free Methods to send visitors to your CBTopSites Mall:

(1) If you have web sites or blogs, place any of
your mall links, search box, clickbank ads, banners and
cb mall code on them.

Paste them in prominent places on your sites/blogs so that visitors can find them easily and enter CBTopSites Mall. If you get more visitors to your sites, you can make more sales. You can also try the tips below.

(2) Advertise your link in appropriate category on CraigsList.com
and other free classified ads sites such as : Backpage, GumTree, kijiji etc.

(3) Use your links as your email signature.
You can write your signature in your email settings. Whenever you send emails, your links will be attached at the bottom and the recipient can visit your Mall.

(4) Use your links as signature in forums.
When you make new posts or reply to posts, others can click links in your signature, visit your Mall and purchase anything they want.

The codes are given in the your mall links page. You can use links specific to each forum.

(5) Tell your friends

(6) Place your link in online profiles. ( example : While registering in orkut, forums, social networking sites or other web sites, there may be a field for website. Fill your link in that field.)

(7) Submit your links in Social Bookmarking Sites such as Digg, Del.icio.us, Propeller, Technorati, listible, furl, yahoo my web, slashdot, Searchles etc..

list 1, List 2

Do not use the AddThis bookmark button on the CBTopSites pages. Instead, go to various social bookmarking sites and save your links there.

(8 ) Start a Blog or a web site and post reviews about products in your Mall and place relevant ‘Mall links’.

example: You can write a review of some ‘dog training’ guide in your Mall and place your mall link:
http://cbtopsites.com/search/yourCBnickname/dogs
along with that review and paste it on your blog/website.

(9 ) Start a Blog or website. Write articles related to different products in your Mall and place related Mall links in it.

(You can get ideas about what to write from various Article Directories.)

example: You can write an article about ‘weight loss tips’ and place your mall link:
http://cbtopsites.com/search/yourCBnickname/weight+loss
along with that article and paste it on your blog/website.

(10) Start a lens (web page) on Squidoo.com and write relevant reviews/descriptions of products in your mall and paste relevant Mall links in that lens.

(11) Write Articles and submit to article directories. Place relevant ‘Mall links’ in the signature. (some article directories do not allow affiliate links in signature)

(12) Answer questions on answers.yahoo.com or other such services and place relevant Mall links.

(13) Place any of your links on all your printed materials.

(14) Include your links in Free Classified Ads

(15) Add your links to blog comments. Find quality and relevant blogs and leave a comment with your link. (just be careful not to abuse this however!)

(16) Add your links to web directories that accept affiliate links.

(17) Promote your mall offline as well as online.

(18) Give promotional items with your link.
Example: you may give a free ebook to your visitors and place your link on each of its pages.

(19 ) Put your link in all business press releases

(20) Submit written reviews of your website to print media such as magazines and more…

(21) Participate in ‘newsgroups’ without spamming and post your links in your signature.

(22) If you have an email list, include any of your links in your email messages / newsletters.

(23) You can also advertise in YouTube.
example: http://youtube.com/watch?v=GhsziEFtNLU

(24) There are some ‘Free Advertising Forums’ online.
Or, in some forums, members can advertise their links. Post your link there.

(25) Add a link to your site from within your eBay profile or any other online profile.

Research in google for more ‘web site promotion’ methods.

Paid methods of sending visitors to your Clickbank Mall

(1) You can advertise using Pay Per Click Ads such as
Google Adwords, MSN Adcenter, Yahoo search marketing and other search engines.
Also at : Adbrite,
Bidvertiser etc…

(2) Advertise your links through
Press Releases

(3) Advertise in Paid classified ads such as USfreeads.com

(4) You can advertise and promote your mall and links anywhere online.

(5) Advertise in Ezines, Newsletters etc..

(6) You can also Buy Targeted Traffic

(7 ) Research in google or any other search engine if you wish to know more about promoting your links online.

Before you proceed with any of these methods, please follow their rules and regulations.

DON’Ts – Whatever you do DO NOT do the following:

1) Please Do not Spam
2) Read the rules / terms of service before advertising or posting your links anywhere
3) Do not promote using auto surf traffic exchanges (they do NOT work!)
4) Do not buy 1000000 hits/ visitors for $10 etc…
5) Do not buy 1000000 emails for $10 etc…
6) Do not join any safelists (these don’t work either!)
7) Do not post your links in Free For All Links (FFAs)
8 ) Do not post your link in unrelated Newsgroups or usenet groups

Make Money With Sponsored Blog Posts

Aloha! You see the post below this one? Good! What you see there is what I’m about to teach you put into practice. The idea is quite simple really. Just think of your blog as your own personal newspaper. Obviously the major way newspapers make money is by the patronage of advertisers. So what you can do is apply the same revenue model to your blog.

Most people already have Google AdSense banners and other such pay-per-click advertisements, however, I believe that a paid post can be more valuable to a potential advertiser than any banner can simply because the post will earn the advertiser a continual source of hits or leads for the entire time your blog remains online. Search engines like Google will pick up on such posts and index them and your advertiser’s exposure will grow surprisingly large, especially if this advertiser is smart enough to advertise on more than one blog. If your blog happens to be very popular and gets a lot of hits daily I assure you advertisers will come flocking to you.

There are several ways you can make sponsored blog posts work for you:

1) You write a normal posting as you usually do but at the bottom of the posting you include a “byline” or a link to your sponsor’s website(s).

2) You convince your advertiser to produce an article that is relevant to your blog’s theme. In exchange the advertiser will link certain words in the post to their chosen website(s).

3) You dedicate the entire post to promoting the advertiser’s product or service. Think of this as being like a full page newspaper ad.

4) YOU become the advertiser and DIRECTLY promote some product or service that is relevant to your blog’s theme. However, this option requires that you write your own adverting material, which you may or may not be good at.

Now let’s get into the technical details.

The first obvious step you need to take if you don’t already have a blog is to set one up. There are so many choices out there but the usually fall within tow categories:

1) Get a free blog from providers such as blogger, wordpress.com ,etc (see list below)

2) Install your own blog using WordPress or whatever other blogging software you may prefer.

Here is a list of free blog providers:

Blogger – http://www.blogger.com/
Blogbuddy – http://blogbuddy.ca/ (WordPress – Administered by me)
MSN Spaces – http://spaces.live.com/
AOL Blog – http://journals.aol.com/
BlogThing – http://www.blogthing.com/
Wordpress – http://wordpress.com/ (WordPress)
BlogEasy – http://www.blogeasy.com/
Aeonity – http://www.aeonity.com/
OkayBlog – http://okayblog.net/
Blogates – http://blogates.com/ (WordPress)
Weblogs.us – http://weblogs.us/
BlogSavy – http://blogsavy.com/
Supersized – http://www.supersized.org/ (Serendipity)
Tblog – http://www.tblog.com/
BlogRox – http://blogrox.com/ (WordPress)
Blogsome – http://www.blogsome.com/
Blog.com – http://blog.com/
SelectABlog – http://www.selectablog.com/
ClearBlogs – http://clearblogs.com/
BlogsLive – http://www.blogslive.net/
Skaffe – http://blogs.skaffe.com/
Atom5 – http://www.atom5.com/
Blog City USA – http://blogcityusa.com/
Hosting 365 – http://www.hosting365.com/
Upwith – http://www.upwith.net/
Blogshifter – http://blogshifter.com/
Bloggles – http://bloggles.info/
Blogtonomy – http://www.blogtonomy.com/

If you prefer to host your own blog then the best option in my opinion is to go to http://www.wordpress.org and download the latest version of WordPress.

Now if you decide to go with option number 4 (write your own sponsored posts) you obviously need to find some product or service to promote. In my opinion one easy to use source of relevant products is ClickBank. Sign-up for an account and then on their homepage click on the “Marketplace” link to search for relevant products. Another good source is Commission Junction. These are just two among a plethora of possibilities, so I encourage you to explore and I have no doubt that you will eventually find some worthwhile products to promote.

Some guidlines I recommend you follow:

1) Do no just write sponsored posts for the sake of it. Littering your blog with advertisements that are totally irrelevant to what your blog is about is a guaranteed way to turn off your readers. So if you are going to do this, I highly recommend you put some effort into finding out products and services that your blog’s readers will find interesting and useful. In other words try to cater to your reader’s tastes. If your blog is about Forex trading for example, do go promoting credit card products or mortgages or whatever other irrelevant products.

2) Do some research into the products you promote and try to NOT push junk products

3) Invest some time into each sponsored post. Word it properly with correct spelling and grammar. Also make sure your post is honest and doesn’t just consist of a bunch of BS marketing speak

4) Limit the use of graphics. If you noticed on some of my sponsored posts I only have one picture in each post. Do not overload the post with pictures. I highly recommend that you DO NOT use animated GIF’s or banners – it will make your blog/post look tawdry!

5) Properly categorize your sponsored posts. I would suggest that you NOT intersperse your sponsored posts with your other posts. Although doing so can give you better results I feel that it would annoy your readers far too much when they dig through your blog trying to find some specific content and they come across some advertisement. What I suggest you do is create a specific category such as “Sponsored Posts” (like I’ve done) and make all your sponsored posts belong to that category.

I think that about does it for this non-sponsored post ;) I hope you found this brief tutorial useful and hopefully it will contribute a little bit of cash in your pocket to sweeten the rewards of blogging even more.

Cheers,

Alan