Top 5 Passive Income Businesses

1. Internet Sales
2. Network Marketing
3. Real Estate
4. Franchisor
5. Storage Facilities

These are so important as we prepare for the future. In retirement, the biggest objective is to have passive income. If you want to have passive income in retirement to pay bills or enjoy life, you need to either save up the money and put it in the bank for monthly withdrawals, or invest in a business that makes money whether you work or not, or invest it in a cash flow generating asset such as real estate. Real Estate and Business Ownership are the vehicles of choice for 75% of the Wealthy. $3,000 a Month for 20 years in retirement will require you have liquid access to just over a million dollars. Are you on track?

So many of us are out there suffering from the changes in the economy. What we need to realize is that there is huge abundance out there to create the success that we deserve. We can either see the situation as a problem or an opportunity. Just like a chameleon, we need to be able to adapt and change to produce new results. We are all capable, just so many of us get trapped into thinking in scarcity because for many of us, all we know is what we have been taught... go to school, get good grades, and get a J.O.B. The old idea of creating great employees helped staff the corporate empires in the industrial age, but now, we have to come up with new ideas to bootstrap, rebuild and... create our own economy!

I love small business. The ability to create financial independence from the comfort of my home is very appealing to me. There is nothing more powerful than free enterprise. Businesses always require either time or money to start, and often require capital or ongoing cash influxes to cover expenses. Many of us know most businesses fail within the first two years, so it is best to have money set aside or perhaps a part time job to get through the pre-momentum stage. It all starts with a good idea, some good planning, and a burning desire to succeed. A good business plan can usually capture investment capital if needed, and most businesses can be started with little money. Remember your lemonade stand? The last time I bought a glass of lemonade at the community festival, it was $4.00! Super salesmen get paid more than Doctors and Lawyers... a great skill that can easily be honed and developed by anyone, yes, even you. "I do today what others don't, so tomorrow I'll have what others won't." ~ John Addison

Resources:

Internet Sales: Stores Online is a great resource for developing an Internet Sales business

Network Marketing: "2 Hours a day developing professional relationships and retailing is all you need to do in Network Marketing. In almost any good Network Marketing opportunity, having 6 "producers" in your downline is usually enough in most cases to create $100K/Month" ~ Mark Yarnell, Network Marketing Legend
Compare MLM's here: http://www.mlmrankings.com/

Any MLM will benefit from a tool to generate more leads... here is the best one: MLM Lead System PRO - for leveraging the internet for network marketing leads (My Portal): [Temporarily Down]. Through this link you will also learn many traffic generation techniques essential for your success in your internet sales business.

Real Estate: One property per year for 10 years and your basically set. Be sure to get well educated and learn from the best. Easily made mistakes can be very costly. There are many successful Real Estate Investors, and many unsuccessful ones. It just goes to show, it is all in what you know. Who you know also becomes very important as well, especially in Real Estate. Networking and communication skills are essential as is team building. Real Estate is a team sport. Call or write for more info as I can guide you very well in this area.

There are many good opportunities out there to create success. Just like when buying a home, you need to be able to thoroughly analyze and evaluate. Doing your due diligence and developing the skills to do that are highly recommended and can be learned. As long as the opportunity aligns with your core values and you can be passionate about it, you will succeed. "I will persist, and I will succeed." ~ Og Mandino