Tips to Achieve Financial Freedom - Part 1

Once we have the right mindset, we have to move on to HOW?

One of the way to achieve financial freedom is building multiple stream of passive income.

Passive income is one where money is received usually on a regular basis, without continuing effort. This does not mean no effort at all; most passive income streams require great effort to start with. For example, royalty from patent rights or licensing agreement, rental from property, bonus or commission from building a MLM business or set up internet businesses by selling digital products like ebooks, softwares, etc whereby you can still generate income while you are on vacation or sleeping.

One of the latest and hottest idea to generate income is from internet marketing. I used to think that I do not have a business or any products to sell and hence, I can't set up an online business.

I am wrong. After attending a seminar on internet marketing, I realised that online business is going to be big. Everybody is hooked to internet and online everyday. I am definitely one of them that might not survive without internet.

This is because we can do a lot of things with internet without geographical boundary. We can communicate with friends all over the world as long as they have internet. We can obtain information on the latest products launching by company and see its "look" on the net. We can even buy it online if we are happy with it. When we are planning our holiday, we can find more information from the net, source for the cheapest hotels, transport, day trips, airlines and even book whatever we love to do during vacation online.

As a result, online spending increase like crazy over the years. Curious to know how big is the online business? The market is as big as US$229billion by year 2008. So, are you excited to be ahead of the rest and start selling?

If you were to surf the net and search for "online business", "internet business", "internet marketing", "home based business", ...etc, you can find a lot of information. So, keep an open eyes on how the rest are doing. Learn from them. Find the right niche. There are a lot of such information online.

How to leverage on internet marketing as a way to financial freedom?

The most common way is generating high volume of traffic to market our websites. To drive a huge volume of traffic to our websites, we need to have the right skills making the content interesting and running some advertisement campaigns. In return, we can make money by selling services and/or products (digital or hard goods) to the visitors. We can earn money by getting people to advertise in our websites for instance through Google Adsense. On top of that we can redirect the traffic to other’s people websites and earn referral fees and lots more other way through Ebay, Amazon.com, etc…

For someone who love to write, do you know that we can even make money by blogging with interesting and niche contents. The most profitable blog use a mix of affiliate marketing and Adsense type advertising to make money.

Stay tune for more...