Monday, April 6th, 2020
At this moment in time, what you need is to become more coherent of your existence on this earth to survive. What our parents and our educators did, was the best they could to prepare us for survival. We learned about mathematics, English, the social sciences and the social graces.
We then find our particular aptitude, what we’re proficient at, all this to get a job and earn a living. Then most stop and wonder, is this all there is to it, this thing called life?
Is this what we prepare ourselves for? To just get a good job, and become another tax paying statistic.
Just try phoning in sick Monday morning, or don’t bother going to work for a few days, and you’re immediately replaced by someone else, as you’re insubordinate and no longer reliable.
The point is, there’s no stability in your job whatsoever.
You can easily be replaced, substituted by someone who’s cheaper or more efficient. What everyone also wants is to make more money, to get that raise.
Realize that there’s three reasons, why you’re getting paid what you are.
Getting Paid Your Worth
1.) – If there are a lot of other workers similar to you, who are just as capable or even better at doing your job, or they’re able to do it quicker or cheaper, that’s why you’re earning the bare minimum wage
2.) – There’s always a need for a certain type of specialized skill, that requires specific training or education such as a trade, so you can perform your job efficiently. Your pay scale increases as a result
3.) – If there are a mass number of people, who’ll benefit from the specialized work that you do, such as a doctor, and they’re willing to pay for it, then you’re someone in high demand. The more people that are able to benefit, and what you do happens to be scarce, you’ll earn the most money
The Problem With A JOB
What the biggest problem with working at a JOB, affectionately known as “Just Over Broke,” is that it’s linear income.
Linear income is money that’s earned for the work that you perform, as in getting paid by the hour or every month.
So if you happen to get violently ill, and end up on a hospital bed, and you need to take time off to recover but don’t have sick leave benefits or insurance, you won’t get paid. Your job will be given to someone else.
Anyone who has a job, or are self-employed, freelances, or is an independent contractor, they also earn linear income. Once they stop working for whatever reason, the income stops.
The Need To Leverage
One thing that working for a living, having a job, earning a linear income, doesn’t provide is leverage. Leverage is what separates the working poor, from those who become wealthy.
For those who have a job, which is the majority of the population, they’re a victim of leverage.
What your employer is doing, is leveraging your labor, using your time and effort to increase their profit.
In exchange for your effort and time, what you get paid is a salary.
The True Value Of Education
Does the education that you’ve received, provide you with the proper skill set that can help you earn say a seven figure income in the next few years? How about in the next ten years?
Everyone who works, is wanting to answer “yes.”
Everybody wants to earn a six or seven figure income, but most view that as a fantasy.
The reality for most wage earners, based on their level of education, it would take their entire lifetime, perhaps several lifetimes to generate such high income.
So if your current education, doesn’t provide the skills that are needed to earn more money for you, to generate that 6 figure income, and hopefully do so in the next few years, then what can you do?
Most people are usually just a mind shift away from earning more money. What you need, is to target the precise education where you can learn a skill, that will propel you to earn this type of income.
What it takes is putting yourself in a situation, where you can begin to leverage the time and the effort of other people, for yourself.
The Need For Residual Income
What’s common in this Internet age that we live in, when it comes to marketing something, anything, online or offline, is by using the various automated methods that are now available online, to efficiently promote your product or business.
One method that has proven to work, is recurring or residual marketing.
The definition of residual marketing, is finding different ways to virally market a product or service, from a singular effort.
This is similar to how actors on TV or the movies, will continuously earn a residual income once their TV show goes into syndication.
Or when a song writer, receives a small royalty every time that their song is played on the radio.
Creating Your Own Residual Income Producing Stream
Residual income, also known as passive income, is a steady uninterrupted stream of income, that’s derived from an initial effort.
This from setting up and participating in an income generating business model, as such affiliate marketing, where the merchant or product owner receives a steady income on “autopilot.”
What this requires, is minimum active participation to create this passive cash flow once it’s set up.
There are now a lot of individuals, who’s starting to discover this, and are flocking to the Internet to participate in this passive money generating method.
The Best Residual Income Model
The most popular residual income method is affiliate marketing.
This is the easiest path for merchants and vendors, and that’s by creating and then selling say digital information.
What they’ll do is pay a commission, for others, their affiliates, to sell their product or service for them.
This marketing model, is a proven “passive income” money generator, as you set it up once and then forget about it.
For affiliates, this is the most popular and the most affordable marketing method to begin, especially if you don’t have a product to market yourself, and that’s affiliate marketing.
This is also where most online entrepreneurs begin, when first starting out in Internet marketing.
What affiliate marketing involves, is promoting the products that others own, for a commission.
Affiliate marketing is a form of advertising that’s performance based.
Where an established merchant or author, will pay you the affiliate, for sending them visitors, clients, or selling their product. from your marketing efforts, and will pay you a commission.
The 4 Components Of Affiliate Marketing
1.) – The merchant who owns the product or service, and offers to pay a commission once an affiliate sells their product
2.) – The affiliate network (middleman) handles the promotion, takes care of the payments, and manages the affiliates
3.) – The publisher, also known as the “affiliate marketer” earns a commission for every product they promote and sell
4.) – The end customer who buys the product through the affiliate marketers link
Your role as an affiliate marketer, is to promote a company’s goods and services.
What you’re responsible for, are all the costs that are associated, such as providing content on your blog to market the product, hosting, brand awareness, and the advertising or promotional costs,
Once you sell a product through your marketing efforts, what you earn is a certain percentage of the sale paid to you by the merchant, that’s managed by the affiliate network.
Affiliate marketing, remains one of the easiest ways to earn an income online, as it’s a completely risk free method of residual income.
All you need to do, is promote someone else’s product to get paid.
All payments, complaints, and refund handling, is taken care of by either the affiliate network or the merchant.
So all you need to do is promote.