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Here, we will explore a way for you to create a rock-solid foundation for your future financial security, and time freedom ... regardless of your current / career / business / profession.
In addition to managing your personal finances wisely, this will provide an immediate improvement in your lifestyle (as opposed to the fatally flawed one - the traditional "work, save & invest for 40 years" approach). Also, it will empower you - with more control.
This strategy will help make you RICH with life’s 'real' treasures - no matter how old you are (if you still have a 'passion' for life) - or what your past experiences have been. Yes, this will prove priceless to you (and to those you choose to share it with).
NOTE: In the Virtual Wealth FORMULA, there are three (3) important components required for you to achieve Financial Freedom (= the Virtual Wealth LIFESTYLE). These critical (3) parts are: 1) Passive Income Creation + 2) Financial Management + 3) DEBT Elimination.
This Blog Post focuses only on critical component (#1) ... examining the finest strategies & tools for => PASSIVE INCOME CREATION.
There Are 2 STEPS in this Strategy (for Passive Income Creation)
a). An Online Home-Based Business Enterprise (Side Business), that enables you to not only improve your HEALTH (by reducing stress + enhancing your IMMUNE SYSTEM) - and your FINANCES (by creating immediate, extra (recurring, passive) income streams - regardless of your age - without it taking too much of your time, or interfering with your work - and second ...
b). An Internet Marketing System, to 'automate' many of the moving parts within the business in a) - or in ANY business (there is simply not enough time in the day to do this all by yourself - especially if you’re part-time, like me) … and also, to gain the proper Internet Marketing education / training / tools needed, in order to build a high success in a) - or in ANY business. IF it's properly selected, having your own [D2C] Online Home-Based eBusiness (or side biz) is one of 'the' smartest ways for you to have the HEALTH + MONEY + TIME to truly >>>>> O-W-N YOUR LIFE. And supporting that business properly, with a (the "right) powerful Internet Marketing System, is KEY.
About a Home-Based eBiz (in General)
What's nice about this is - you can start out, simply by being a Satisfied CUSTOMER - and then later, becoming an ASSOCIATE (IF you feel compelled to share the products with others) - and build it ONline, or OFFline (or both).
What's also nice is - it can be operated from home, either on a part-time basis (like mine is), or full time - to develop a solid extra income, or an entire income replacement, while at the same time, enjoying less STRESS + greater Time FREEDOM.
Perhaps you've never had a Home eBusiness, or maybe you have been "burned" by a previous opportunity that just didn't pan out, and now you're extra skeptical and cautious about what you do next. Understood.
In fact - I've personally “been there, done that” ... so I do not blame you. Maybe you're completely new to the idea of - 'Online Marketing' - or 'Entrepreneurship' - or a 'Home eBiz' - but this you can learn. And if you are HUNGRY, and WILLING TO BE TAUGHT - you can also become very "successful".
Incomparable - But first, there is NO more powerful "wealth creation" metric - in the history of human-kind - than owning a successful BUSINESS. Nothing - nada - not personal real estate - not the stock market - not gold / silver / rare art / coins / stamps / vintage autos / forex / family heirlooms / crypto currencies, etc.
Yes, a (pre-qualified) BUSINESS W-I-N-S ... and especially, if it can be run from HOME, and ONLINE.
Pay Raise? - Anyone who iscurrently in an employee status is likely losing $500/month (min.) by NOT having a Home (or Side) Business. If that is your situation, you can save that $500 per month for yourself (= an instant pay raise) through TAX REFUNDS -plus- add additional income, on top of that, for yourself.
This is only ONE of the (many) benefits of owning a HOME Based (Side) eBusiness - and the real "cost" to start one is usually very, very minimal (often "zero" with the TAX savings factored in).
Options - There are many different possibilities for creating a good income from home, such as: Consulting Services - Day Care Services - Affiliate Marketing - Info Product Marketing - Online eCommerce Stores (solo, or say, partnering with Amazon) - Direct Sales - Network Marketing - Tutoring - eBook Publishing - Real Estate - Internet Marketing - Coaching - on and on. In some of my other sites, I go into a few of these in detail.
MULTIPLE Income Streams - The need for creating "different" sources of cash flow has never been greater. In today's world, if you're relying on only ONE source, you are at high risk. Now, it is much wiser to DIVERSIFY (safely).
Alert - Given the present state of our weak global economy (over which we have NO control) + COVID-19 - the quest for greater economic security, for ourselves, and our families, makes absolute sense. In fact, it is time to make our OWN economy!
Now let's examine ONE of those (Home Biz) options mentioned above ...
The NETWORK MARKETING Business Model
This was my own Home (Side) Business model of choice, originally. I was told that it ‘could’ provide a "better life" for those who had a big dream, and the desire / work ethic to make it happen … and, that it ‘could’ deliver those (3) critical factors - the HEALTH + MONEY + TIME needed, for you to truly, OWN YOUR LIFE - also, by building it ONline.
INTER-Network Marketing - However, I have, over many years, personally discovered that the Network Marketing eBiz Model, as it has been known (with its OLD SCHOOL methodology, where "family, friends, and neighbors" were [are] chased) … that it is largely “broken” - unfortunately ((as ‘fully’ discussed elsewhere in this Site - where I explore a totally “different” Home eBiz option >>> a Direct2Consumer [D2C] model.
Regardless, today - through the "miracle" of CYBERSPACE - we can now use the WEB (Internet) to conduct any Home eBiz - and have rapid communication - at light speed. More importantly, it empowers us to reach out to thousands (millions!) of people -vs- mainly targeting those within our own local areas.
ONLINE Marketing is here to stay - and in my own view, it is far more comfortable / attractive / professional. Yes, there is a learning curve, but as we'll see shortly, we can easily get properly educated - in Internet Marketing - and put most of that on "autopilot".
OTHER Options? - Myself, I have tried eCOMMERCE Marketing, part time (via the Amazon FBA Program), only to discover that, the sourcing of inexpensive products, from China, and other countries (to re-sell on Amazon) - and dealing with the different Sales Taxes in every State / Province - was far too complex, very costly, and too risky for my liking. I have also done some AFFILIATE Marketing, and Product LAUNCHES - but all, without any real 'lasting' results (and no 'recurring' cash flow).
The [D2C] 'BUSINESS MODEL' -- A Closer Look
DIRECT 2 CONSUMER Marketing - As a Home eBiz Model, I see the (CUSTOMER-centric) D2C option as being here to stay. WHY? On Wall Street, and on Bay Street - in corporate Board Rooms - in the general business community - it is being recognized as: a) a superior form of commerce, and way, to conduct business - and b) a very efficient means of getting multiple goods to end users (customers). Consider these (4) factors ...
1). People will ALWAYS want (need) "supplemental” income [if not “full” incomes, given COVID-19] - even in a strong economy. The truth is, most people do live paycheck-to- paycheck. There is, and will always be, a constant DEMAND for more money, and D2C Marketing "is" a simple, part-time, low risk, way - to fill this need.
2). People will ALWAYS want "to escape from jobs they don't enjoy". Despite what you may think, there are people out there that truly do NOT enjoy their J-O-B [assuming they are fortunate enough to ‘have’ a job]. They go to work because they "have" to, and not because they really "want" to. D2C Marketing does "offer" an opportunity for real financial liberty. The ability to leave the rat-race (9- to-5 working world) will ALWAYS be too tempting to pass up, and D2C Marketing is a very good solution.
3). People will ALWAYS want "more free time" - to do what they want - with whom they want - when they want - and where they want. In a poll by Money Magazine, 64% of North American men - and 68% of North American women - polled, said that if they had a choice between more MONEY - and more TIME off - they would choose the "extra time". People covet their free time, and the D2C Marketing model can "provide that" - enabling people to chose their own hours. Again, the chance to create more free time will ALWAYS draw people - D2C Marketing can give this.
4) People will ALWAYS want "better health" and "less stress" - regardless of their age. It's in their DNA to want to look better, feel better, have more energy, higher confidence, less worry, and greater wellness - especially in today's fast paced, heavy pressure, toxic environment. The “right” [D2C] Home eBiz will ‘have’ the cutting-edge products (most often, superior to others / safer / at less cost) to help people solve a nagging problem, and/or enjoy increased well-being.
Bottom Line - as a BUSINESS MODEL - when it's used correctly - D2C Marketing has totally changed the lives, the health, and the finances, of tens of thousands (millions) of people, all over the world - helping them design a better future for themselves, and for their families.
Investment - The (tax deductible) "investment" required to start up a D2C Marketing Home eBusiness is low compared to most ALL other businesses - and yet, with far more potential (usually less than $300, or much lower, to start) - and for that, you’ll receive an initial supply of excellent "products" to use, and/or to market.
CFQ – You should know that having a D2C Marketing Home eBiz is about being an entrepreneur, with a "business SYSTEM" - and that this kind of business ownership is not about being self employed [like electricians, or architects, or health practitioners, or attorneys], with NO "leverage" factor at play. We're talking about the "B" Quadrant here - not the "S" Quadrant (Self Employed)
If you study Robert Kiyosaki's famous "Cash Flow Quadrant" (the 4 income sources) -you’ll understand the radical difference between these income sources => Click Here.
If you're not that familiar with it, D2C entrepreneurs build their Home eBusinesses by bringing in (both Retail & Wholesale) CUSTOMERS, who love the company's products - and, by developing "groups" of other Biz ASSOCIATES (their TEAM "leverage" factor) - in much the same way that "Franchise" operations do.
Few, if ANY, other businesses, jobs or professions can offer the three (3) powerful forces … of leverage + compounding + recurring [on-going] Passive income … all together ("simultaneously") that a D2C Marketing business can … IF one builds it correctly - by applying the right business, financial, marketing and ethical principles.