My post today is about using the power of leverage, so that you can become financially free and spend less time working! If you want to become free in every sense of the word, you have to do what you can to earn a passive income, whilst taking yourself out of the working equation, so that you can earn whilst not having to be “in” the business. If that makes sense!
In today’s modern society most of us live in a manner that means we need money. We need it to pay bills, for our shelter, food, hobbies, lifestyle, health and more. However, the stereotypical way to earn money is through working a job. The job requires you to be there 9-5pm 5 days per week. The result of this is that you’re a slave to money, and a slave to a job. This leaves little time and room for your own freedom and happiness.
I was speaking with my good cleaner friend recently, he was saying about how the only way he can earn more at his job, was by putting in more hours. Well the firm over at http://www.cleaners-london.org.uk know this, and he knows it, but ideally he wants more cash WITHOUT having to put in extra hours!
So, the ultimate goal here is to earn a passive income (recurring monthly income that you don’t lift a finger to earn), and do this without being present in the business. Then you can do what you want, when you want, and live the lifestyle you wish to.
You can come up with your own budgets, earning goals and more. Once you have those numbers, you’ll know how much you need to make using passive income, so that you can stop working and enjoy living freely.
Leverage is the key here my friends. In this scenario, we’re going to leverage other online marketers efforts to earn ourselves a recurring income. How? Through affiliate marketing! What’s affiliate marketing? In a nut shell, where you sell another product owners product for them, and when a sale is made through your referral, you get paid a commission.
There are thousands of affiliate products out there online in every niche, but you need to select a decent one that offers recurring income. This way you can build up your passive income without doing any extra work. At the start, you will have to get the cogs in place, i.e. traffic, website and your sales funnel. However, all these things can either be built yourself or through the use of coaches and services that will do this for money.
Once you have your sales funnel in place and your affiliate product chosen and ready to earn you passive income, you can turn on the traffic! Traffic is an internet marketing term of visitors, people like you and me surfing the net. You can use solo ads (email advertising), Facebook Ads, Google Adwords, YouTube, Periscope, Bing Ads, Twitter Ads, Google SEO and more to get traffic. The key is to use something automated, which is why I like paid ads. You simply set them up once, and let the traffic roll in day after day, without having to touch anything.
You MUST master your numbers and conversions. We’re not in the business of losing money here, so you need to know how much you’re spending and how much you’re making back. You need to edit and tweak your sales funnel until you know you can earn $2 for every $1 spent on advertising, after a certain time period! Then my friend, you have created an automated money machine, that can offer you a lifetime of financial freedom.
I hope this post has helped a few of you ;)
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