December 21st, 2009 | 
Author: Making Money Is Not Enough! Are You Building Your Online Assets?
I’ve read from a Robert Kiyosaki book that those who are saving money are losing it. He goes on to say how those money should be invested in something like real estate and the income from those would fund a business and so on.
What he’s really saying is that you shouldn’t just put all your money in your bank but you should invest it to earn more.
I was thinking how this is applicable to an online business. You might be focused on earning money in the present but are you building your online assets that could give you passive or at least easy income in the future?
These online assets would include:
1 Your list of subscribers and customers. If you’re not building a list your online business is not on secure ground. By building your list and establishing good relationships with them you could earn lots of instant money at the push of a button!
2 Your network JV partners affiliates etc. Talk with your JV partners from time to time about things other than business. It’s easier to persuade them when you have established some sort of bond with them other than only contacting them every time you need something.
Also make it a habit to search for new partners to JV with. Promote for them first and they’ll be more likely to reciprocate.
3 Your personal web properties. This could be your own websites domains you’ve bought or anything else you have full control of.
4 Rentfree 3rdparty webspace. In the offline world you need to pay rent for the office or store space. But in the online world you could put your content permanently on 3rdparty websites… without paying a single dime!
You can put your content on contentsharing sites like squidoo hubpages qassia wetpaint google knol etc. And of course article directories like ezinearticles goarticles buzzle etc.
You can put your videos in videosharing sites like youtube metacafe revver and a lot more!
The more content you create and post on 3rd party sites the more passive income you stand to make!
What other online assets can you think of that are worthy of building?
About the writer: Michael Lee gives highly profitable and free affiliate marketing tools to help you earn monster profits from his reputable Clickbank affiliate program found at http://www.20daypersuasion.com/affiliateforce.html.
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