How to Work at Home for a Passive Income

There is a lot of talk on the internet these days about work at home, or home based business, online business, but how do you work at home for passive income? Let's first figure out what does passive income mean? Note: unlike residual income, the irs actually categorizes income into 3 different categories, active (earned) income, passive income and portfolio income.

When most work at home, home based business people talk about passive income, they are basically speaking about some sort of income that takes little or almost no personal effort. Of course, this does not happen overnight, it takes some work and effort to get to this stage, but at some point, you can get there.

And those are the details you should ALWAYS look at, for your efforts, how much do you get paid now, and how much do you get paid later?

If you are considering any businesses such as Amway, Monavie, Xango, World Ventures, YTB, ACN, Avon, Nu Skin... are you interested in it for the Product/Service, or the money and Passive Income that can come later?

If you are only interested in the Income Part of it, find out exactly what is the Active Income, and the Passive Income and how it works.

If your goal is to make just $1000 a month in Passive Income, what exactly do you need to do to get there? Once you figure that out, map it out to a simple target, sort of like this.

For this example, we will assume that for a $1000 a Month in Passive Income, you need a business of 100 People

Option 1: The SLOW Way

- Sponsor/Train 4 People a Month, so in 25 Months you have 100 People
o After 25 Months, slow down to Sponsor only 1 a Month to make up for people leaving the business
- 4 People a Month means 1 Person per Week
- To Sponsor/Train 1 Person you need to introduce it to about 10 people.
- Sponsor/Train 1 Person per week = Introduce it to 10 People per week
- Summary = Introduce business to 10 people a week, and in 25 Months, you will have a business of $1000 / Month!
- Are you going to stick with it for 25 Months?

Option 2: The FAST Way

- Sponsor/Train Just ONE Person a Month

o Next Month you also Sponsor/Train 1 person, but ALSO show your Trainee from last month to do the SAME! So end of the second Month you have Personally Sponsored 2, and your first Trainee Sponsored 1, total of 3 in your Business not including yourself!

o Following this System, Month 3, you are at 7 people in your business!

o Less than a year, (about 8 Months!), you'll have over 100 people in your business!

- Sponsor 1 Person per Month = introduce Business to 10 People / Month
- 10 Introductions / Month = 2.5 Per week
- 2.5 People / Week = 1 person every other day!
- Summary: Introduce Business to 1 person every other day, and Teach them to do the same, and in about 8 Months, you will have a business of $1000 a Month!

Anytime someone talks to you about getting a HUGE Passive Income with a Home Based Business, Work at Home, or Online Business, find out EXACTLY WHAT has to happen to get the Passive Income you desire!

Once you figure that out, find out what you have to do, like what I explained above, and be honest with yourself, are you going to do it?

If you do not want to do it, don not, find something else you are passionate about!

Be honest with yourself, if you are going to work at it, and do what is required, do it. If you are looking for easy money, chances are it's not going to work for you, as you need to WORK at it!

Could it be, that you prefer a sort of Passive Income that a Rental Property offers, or owning Stocks of a company, or a small start up business?

If this is the case, THIS is what you should be looking for, NOT an Online Business, Work at Home or Home Based Business!

Vin Basa currently lives in Tempe, AZ, and along with his many entrepreneur endeavors, maintains his blog at http://InvestM-Tack.com

Article Source: [http://EzineArticles.com/?How-to-Work-at-Home-for-a-Passive-Income&id=5602333] How to Work at Home for a Passive Income

Filed under  //   Nu Skin   amway   avon   business   passive   people   stage   work   xango  

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