Find money making opportunities for online income

Most people with day jobs find it increasingly hard to keep up with their monthly bills but can’t afford to leave their jobs during the recession. While being employed is a good way of earning regular and decent income, you can increase your total income with other ways to make money.

The problem with a day job is that you may have to leave it someday, whether voluntarily through resignation or retirement or involuntarily through termination or business closure.Your best option is to find a variety of income streams and start to make money from them. These income streams are also referred to as passive income.

Passive income allows you to make money every month without any active effort on your part. Most people dismiss passive income as an ineffective way to become rich because the amounts that you may earn at the outset may seem insignificant. With regularity and discipline, passive income can eventually overtake your compensation income. Here are a number of ways you can make money with passive income:

Deposit account
Saving a portion of your monthly salary in a deposit account can earn passive income in the form of interest. The more you deposit, the more interest you will get. This requires self control and regularity as the only way to generate greater passive income from deposit accounts is to continue adding funds in it and rolling over the interest it earns along with the principal deposits. Ask your bank for deposit options such as time deposits and treasury bills.

Internet businesses
You can also make money when you decide to learn about internet marketing and sell your own or someone else’s products (affiliate marketing) and advertising in your own website. An affiliate marketing business in particular is really inexpensive to set up – you can start immediately with the registration of a domain name (around $10 per year) - but it can earn continuously without additional effort, even while you sleep. But the good news is you don’t even need a website!

Buy To Rent
Renting out a room, condominium unit, or house is a good way to make money on a monthly recurring basis in the form of rent. Of course, this requires, an initial investment in real estate but if it is within your means, you can borrow in order to earn. It is rare that rental income will not exceed mortgage repayments – and you are able in most cases to offset a lot of costs associated with rental property ownership. How much income you can get from rentals will depand on the size, location and maintenance costs of the property.

Stock market
Those who have mastered buying low and selling high will propser in stock market trading. If you have extra funds lying around, now is a good time to buy stocks as the markets are down and stocks are under-priced.Keep hold of your stocks and only sell them when prices rise.

When trying to earn passive income, experts believe you should diversify - spread your risk. Diversification assures you of constant income streams and prevents you from losing all your money in case an investment fails.

Perhaps of all of these, the one that costs the least amount to set up is the online option. If you attend a quality internet marketing course, for instance Fast Web Formula run by an expert like James Schramko, you will be equipped with the skills needed to make money online. However, whichever way you choose to earn money while still employed, the keys to success are getting the right mindset – the millionaire mindset – and taking advice and mentorship from proven experts.

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Internet Marketing Tips Video

One of the quickest ways to get thousands of visitors to your website is from a Joint Venture – This is the method of partnering with other people and “doing a deal”.

In many ways, Joint Ventures (JV’s) are much like Affiliate Sales where someone else is promoting your website and enticing people to visit.

One very common Joint Venture is working with someone else operating in a related or the same niche. You “do a deal” with the other party whereby they will push your website to their customers, in exchange for monetary compensation, or some other form of payment.

Perhaps the deal is you do the same (push their product to your customers).

Perhaps the deal is they do some form of advertising of your product or services to their mailing list in exchange for you buying some advertising space.

Or it could really just be a simple affiliate setup (you pay them a percentage of sales made to visitors they have directed to your website). In other words you have an affiliate set-up and “offer” it to the other person, who then gets paid for each client who purchases something.

But this is only part of the picture. Once you have a decent mailing list and contacts, there are lots more you can do with JV’s.

For example you can join up with another person and build a new website selling new products and share in the profit (and costs). Perhaps you can JV with a “big name” Internet Marketer and get their endorsement of your product to use in promotional material.

How about doing a deal with a software developer where they do all the software development and you do all the marketing of the product and you both share in the profits.

There are a heap of ways that JV’s work, and literally no limit to the possibilities. Get creative!

What you do want to do is join some of the JV networks out there especially the ones that are well known to other Internet Marketers because your then going to get more “deals” that are likely to be relevant to your market.

Many people claim to be experts in the area of internet marketing tips. We suggest you do some careful research yourself first to get a basic understanding of this some important fundamentals.

The best JV networks I have found is unsurprisingly called the Joint Venture Network.

I like this site because it costs nothing to read through all JV’s. Only the person who submits a JV has to pay and that is a cost of $100 and targets literally 1000’s of people! This is a great way to get instant affiliates announce, a new product and the cost is quite reasonable.

As I mentioned though, you can browse all current JV’s for free if you wish. I’m a member and can vouch for it.

There is a special “one-time-offer” when you join to get some extra special deals as well and to change your membership type right up to Platinum where you get the ability to post “free” announcements every 30 days instead of paying $100 (this would be of use to the bigger marketer who is releasing new products on a regular basis). But you don’t need to do that, you can join for free and use it with paying anything if you wish.

Of course you do not need to join a JV site to find people looking for a Joint Venture. You can also just go direct to the source and ask your existing contacts, or pick up the phone and start calling. I just found it a lot easier to put the announcement out, and those who are interested contact me… Nice!

Or what about attending a major Internet Marketing event. I did this myself; in fact I attended the Singapore World Internet Summit in May 2007 for this very purpose!

Can you locate someone to exchange skills with? The process of doing this can build long-term relationships if done properly. Obviously anytime you are working with another person you need to make sure you build up a level of report and trust, and where possible and practical get an agreement in writing so both parties know exactly where they stand and what their obligations are.

This is of particular importance in the case of a joint ventures setting up a new site. In these types of situation you need to have a clear understanding of expenses (who is paying for them, who has the authority to “charge expenses” i.e. either or both parties), how the profits are to be used and shared (e.g. even split, profits left in system, or taken out monthly, etc).

JV’s can potentially be a massive way to increase visitors to your website!

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