If you are looking for ways to earn extra income from home, there are many options available. You might try selling some items on Ebay. You might teach music lessons or start a pet sitting service. If you are good with numbers and finances, you might accept some bookkeeping clients. If you like the outdoors, you might start up a landscaping service.
There is a major problem, however, with these types of self employment ideas. The extra income is 100% reliant on your ability to physically do the work. If there are not enough hours in the day to complete the work, you may have to work six days a week. Maybe seven days a week. Need to take some time off for a vacation or family issue? Get ready to lose income for the days you are not working.
In the bestselling book, The Cashflow Quadrant, by Robert Kiyosaki, we learn that both employees and self-employed people are in a similar predicament. That is, they both are limited by the amount of time that they can work. And nobody can work seven days a week, 24 hours a day.
Business owners and investors, those residing on the right side of Kiyosaki’s cash quadrant, have moved beyond the exchange of personal time for money. These successful business people have created and implemented systems. These systems leverage the abilities, talents and time of others.
These systems create passive income for the business owner or investor, even if they are not physically at the business location. In fact, good systems can create income 24 hours a day, seven days a week, with little or no interaction from the owner.
Instead of having to work for money, wealthy individuals have learned that they must require money to work for them. Residential and commercial real etate investments are known to be a great way to leverage money, time and other people. However, most real estate investors will be faced with a need for large amounts of cash, as well as substantial credit lines.
If you don’t have the cash and credit needed for real estate investing, there is another way to create passive income for yourself and your family. It is Network Marketing.
If you have tried and failed with network marketing previously, take heart. It is no longer a necessity to chase down friends and family to join your business. The Internet is now changing how these types of businesses are built.
Check out the following companies, that have (in my opinion) good online marketing systems in place:
The Berry Tree