ArchiveCategory Archives for "Business And Wealth Training"
Online Training for Multiple Streams of Passive Income.
Online Training for Multiple Streams of Passive Income.
In this Best Review Of DanOnDemand from Dan Lok, we will explain to you all the features of the product and give you our honest opinion about whether it is worth purchasing.
Who Is Dan Lok?
Dan Lok is a well known Canadian-Chinese entrepreneur who has made fortunes from his businesses, and who offers himself as your mentor and tutor in this training course, his trademark coaching system. He is the founder and chairman of Closers.com.
In his proprietary coaching system which is trademarked, Dan Lok shows you how to emulate his success by following his strategy for wealth creation.
You receive monthly webinars as well as course material and membership of Dan´s Facebook Group.
The cost of the training package is $1995, which is for a one year course.
Yes, fundamentally this is a training course which you are buying. It is not a software system which does something to create wealth. The idea is that you change your behaviours after the training.
As you can see from the sales page image below, there are numerous testimonials for the training from friends and followers of Dan Lok.
We have not yet tried out this training package, and we have been looking (not too hard) for sufficient reason to want to try it out.
The cost is quite high, and you are getting a one-year training course where you will learn from Dan Lok how he made his wealth and all his business strategies. We would have to invest and see at the end of one year what benefits we received, which is a big commitment and a bit of a risk.
This does not mean that Dan Lok´s strategies will work for you, necessarily.
We have seen a few videos by Dan Lok and he certainly comes across as a Kung Fu Mentor, and would kick your ass if you failed to meet your targets. If you are a little bit masochistic, this might appeal to you.
You are not buying any tangible product such as software which can generate wealth. You are buying an education by the vendor, who has sufficient confidence in his personal brand that he has trademarked it.
On balance, on the basis of our present knowledge, our recommendation is not to buy this product. Maybe you see things differently and having checked out the sales pitch, you believe that this is the right training to enhance your knowledge and further your education.
Have you tried out this training? If so, please let us know as we would be interested to know your opinion about this education product and whether it provided excellent value for money, or not.
Here are some more Reviews below:
In this Best Review Of Dan Lok DanOnDemand – 7 Skills That Will Make You Rich, we will analyse what is included in this offer from well-known entrepreneur and successful businessman Dan Lok.
Dan Lok is a Chinese Canadian businessman and successful entrepreneur who has offered many other packages and in this case, he offers ¨DanOnDemand¨ his trademarked training package for overall success in business.
DanOnDemand is a 12-month training program specially prepared by Dan Lok and tailored for you.
When you buy this product from Dan Lok, you will receive the following:
1. Closing Skills – Do you have the ability to ask powerful questions that compel people to buy from you?
2. Public Speaking Skills – Do you have the self-confidence to be able to speak to groups, and present your ideas concisely and clearly and convincingly to them? Do you have the same public speaking skills as famous people like Steve Jobs, Tony Robbins, Warren Buffet? Dan Lok learned such public speaking skills early in his career when he joined Toastmasters International in order to improve his public speaking skills and overcome his accent as English was not his first language.
3. Copywriting – Can you draft and write or type persuasive copy which will influence readers and encourage them to buy from you? An example of a leader in his field with such skills is Anik Singal of LURN Nation.
4. Communication clearly and effectively – Can you articulate your Vision for your business to your team? Do you have the Leadership skills to encourage people, especially your team, to follow your example?
5. Priority Management Skills – Can you manage your time effectively so as to achieve what you want and need to achieve. Part of this skill is to know when to delegate lower value tasks and activities so that these are carried out by others in your team so as to free up your time for the higher value tasks.
6. Financial Literacy – Can you read and understand Financial Statements, can you determine Profit and Loss, Return On Investment, Simple and Compound Interest etc.
7. Mindset Skills – Do you have the ability to manage your mindset and overcome doubts about uncertainties, depression and anxiety. Arguably this is the most important feature to be able to make you rich because, without the right mindset, you will be unable to move forward all your business ideas to conclusion into rich rather than poverty zone. Dan Lok refers in his own promotional video to the book called ´Think And Grow Rich´ by Napoleon Hill.
Dan Lok offers to make you a Better Business and Life in 3 Simple Steps:
The cost of the DanOnDemand training package is $1995 for a 12-month course.
There are many endorsements for Dan Lok´s DanOnDemand 7 Steps That Will Make You Rich:
Dan Lok provides many Testimonials for his DanOnDemand course, among which are the following big names:
We have not personally tried out DanOnDemand – 7 Skills That Will Make You Rich.
We are a little sceptical whether such a training program can actually make you rich. Why do we say this?
There is a lot of similar motivational training around which you can pick up for free. You dont need to commit to such an outlay in order to read books and watch videos.
What Dan Lok provides is a package and a structure within which you can learn and hopefully profit from Dan Lok´s teaching.
Have you tried Dan Lok´s DanOnDemand – 7 Skills That Will Make You Rich? If so, write and let us know what you thought of it. Maybe it will enable us to re-evaluate this package.
This review is of one of the product offerings from Anik Singal, a prominent and highly successful internet marketer and the owner of Lurn Educational company, and many other businesses.
The product is called Lurn Inbox Blueprint 2.0, Business In A Box. This product allows subscribers to set up their own business using Lurn´s systems and automation, and pre-templated and pre-prepared documentation and emails, and Lurn´s chosen autoresponder Sendlane. Apparently, this is the only autoresponder choice according to one of the video reviews which are included below.
If you subscribe, you can set up multiple businesses on this Lurn Inbox Blueprint 2.0 Business In A Box system, and take advantage of the massive amount of development work which has been carried out in order to make sure that everyone has the best chance to succeed with their Business In A Box.
Robert Kiyosaki gives a recommendation for the Lurn Inbox Blueprint 2.0 Business In A Box, suggesting that knowledge and information provided to subscribers will lower the risks of starting such a business and allow a greater probability of success. He endorses Anil Singal and the Lurn system and comments that technological developments have made the opportunities available better than when he was developing such businesses.
Anik Singal is a prominent marketer, who is a Copywriter by profession, who has spent 14 years developing the Inbox Blueprint 2.0 Business In A Box until it is in the current state as offered. Anik claims to have spent $200,000 developing this software using a team of 23 people. In this interview in January 2018, Anik Singal explains how much money there is to be made from online educational courses.
Anik Singal´s businesses are quite sizeable, and he describes one of them as costing $1.1m for one week´s promotions. Another of his businesses has a turnover of $11m selling his own products. A third business for personal development has a turnover of $148k.
Robert Kiyosaki, Tony Robbins and Richard Branson are numbered among the friends and acquaintances of Anik Singal.
Anik Singal states that to achieve his success in business, it has required much of his time, dedication and attention. He recounts the story of his business success when he went from earning his first $300, then $10k in 60 days, $15k in the third month, then $25k per month. Within 6 years he had made more than $10m per annum, but then he acknowledges that he got distracted. In 2011, Anil abandoned the system which he had used to make money up until then and changed to a new system which was disastrous for his business and himself personally, as within a year he had gone $1.7m into debt.
Anik managed to clear his debt and turn things around for himself without actually going bankrupt, and learned lessons from what had happened to him, which he has put to good use in the new Inbox Blueprint 2.0 Business In A Box system which he now offers.
Anik Singal explains his 5 Step System to achieve 4 passive streams of income, and gave a live demonstration of his Business In A Box system in action, at the workshop which we viewed on 27th September 2018.
Anik´s system consists of
He explains that the first thing that anyone wanting to do business needs to do is to select which Niche they want to operate in. Any niche is possible such as Homecare health insurance, mortgage companies, credit monitoring, dating, games, E-commerce sites.
The easiest and quickest way to start selling is to find other people´s products which you can sell on their behalf for a commission, using Affiliate Marketing.
Anik explains his ideas about how to start selling products immediately using ClickBank or one of the other affiliate sites which provide a marketplace for digital products.
You can buy traffic at a cost of no more than $1 per click, depending upon your niche, and sell products at $2, so you are making 100% profit.
Anik Singal did a live demonstration of his business system on screen and he managed to get his webpage operational within 17 minutes, which was extremely impressive.
We have identified one testimonial from 2014? which seems to relate to the previous version 1.0 of Inbox Blueprint Business In A Box, and followed the comments from this person, Erica, who gave the testimonial.
Testimonial About Inbox Blueprint 1.0 From Erica
Here is another previous user who gives as a Testimonial for the Lurn Inbox Blueprint Business In A Box system.
Here are some other testimonials about Lurn Inbox 2.0 Blueprint Business In A Box system.
Anik Singal´s amazing offer is explained in the screenshots from the webinar presentation below:
The Inbox Blueprint 2.0 offer price is reduced as it is defined as a Partnership between The Company and the Subscriber:
To cover his development costs of $200,000, Anik explains he would need 40 students if the Business In A Box were to be priced at $6000. Using the final pricing below ($1500 per subscriber) then he would need 4 times as many subscribers for him to break even.
What you get for your money seems to be amazing, including the following bonuses offered on the webinar:
The system software
Automation software – value $15,976.
Niche detective software, to help you select a niche – value $797.
Bonus – First Day Traffic League – value $2,997.
Bonus 4 – Technical Support – value $3,997
This includes normal ticket based technical support, during office hours (60 hours), and regular weekly access to Anik Singal, and A Facebook Forum.
Bonus 5 – No Student Left Behind – this provides for unlimited support for anyone who is struggling to make money
The Online Blueprint Business In A Box system offered by Anik Singal seems to be incredible value priced at $1497 one-off payment for a lifetime membership or 3 monthly payments of $597.
Anik passionately expresses his desire to help people succeed hence he has competitively priced his offer so as to make it available to more people.
We have not tried Lurn´s Inbox Blueprint 2.0 Business In A Box but would be interested to hear feedback from anyone who has.
Do any of the following questions apply to you?
Are you stuck in a job which you’re sick of, just to pay the bills?
Are you bored at work? Is your boss a pain? Do you seem to matter at work? Does Your work interfere with your private life? Are You sick of your commute? Are You tired of having to beg for a day off? … Is There anything worse than feeling trapped with no hope of escape because you’re worried about money?
To get right to the point, it’s not that the financial situation that ties you down, it’s your thinking. There are many people who felt just like you and worried just like you… But they chose to quit their jobs and went on to create their own highly successful businesses…. AND they managed to do it on a very small budget.
The thing that changed was their attitude; instead of thinking about how bad their job was, they started thinking about how they could make a plan for a business idea to success. If they did this, how exciting their future independent life could be.
They realised that, when you are proposing to start up a small business, money isn’t everything. You don’t have to let a lack of money hold you back from pursuing your good business idea and becoming your own boss. What you need is a sound business idea and the right guidance in order to get started. Here’s how you can get it. Introducing “21 Businesses to Start on A Shoestring”.
This is an online E-course developed by experts who have successfully built their own small businesses without the big budget. The most important thing about this course is that it is practical and sensible, it shows you How To Do It. It works and It is real. The course won’t promise things that can’t be delivered. This course has been designed by people who know exactly how you feel, stuck in that job because they have been there, in that situation. They understand your worries because they’ve been there, done that. They were all looking for a business idea which didn’t cost an arm and a leg to take years to get going. This course is the result of their own research and real-life experience. Testimonials (evidence the course works).
What the E-course gives you:
What the E-course includes: For each of the 21 business ideas, the course will teach you:
The E-course also explains:
Course format: This is an online course, which can be done from anywhere in the world. All that is needed is an internet connection and your preferred computer or mobile device. Over 8 weeks you’ll be given:
After working through the E-course videos, spreadsheets, and practical exercises and activities, you will build your relevant skills with each lesson. After completing the E-course, you will know exactly which of the business ideas will work best for you and you will be able to get started straight away.
You will know whether you are ready to quit your job and be your own boss? If that’s a yes, then GO FOR IT!
If you’re wondering how much the course might cost. Well, don´t worry. Knowing you’re concerned about your finances, this course has been priced to suit. In fact, thinking about everything it gives you, you could say it’s a real bargain! It’s only $97. That’s a mere $97 to sound out and verify your future as a business owner. But it gets even better.
How about a No Risk, 100% Money Back Guarantee! That’s right. Take a look through the materials and if you think it’s not worth the money, you can ask for your money back, no questions asked.
The author is Shelly McNeil, who has worked for herself all her life. Shelly has owned over 15 various successful businesses, and she started her first business at the age of twenty-three.
As a teenager, Shelley went to college and graduated. After her education was completed Shelley got a job in the marketing industry, but she soon became bored. Shelly came from a family of business owners, and her father had a great drive in business. When growing up Shelly watched her father and admired his strength and industriousness. Shelly´s father was once a factory worker, an immigrant from Europe, who also became tired of working for other people and managed to start his own first business on a shoestring.
Shelly´s father´s business grew and thrived, which meant the business moved to bigger premises from time to time. Shelly joined her father in the business for a short time when she first left school but she decided to go to college and get a conventional education and studied for her degree.
Shelly dwelt on her dream of owning her own business, and after some consideration and discussions with her father, Shelly was encouraged to follow her dreams and she started her own business. Shelly was willing to put in long hours to make her business succeed, and she started her first business part-time, while still working her full-time job. After 18 months her business was sufficiently well established for Shelly to quit her job and she took her business to the next level, working full time. Shelly expressed amazement at just how many businesses can be started on a shoestring, and she shares some thought-provoking ideas for you in her book.
To summarise, when you sign up to join the E-course, you will receive:
If you do the E-course and follow the advice, you could end up with a profitable small business of your own – and the cost of all this advice is just $97.
Also, you’re getting a 100% money back guarantee, so there really is no risk!
It is true that you could go and find similar information from many other sources, but this would take a lot of time? And how sure can you be that the information is current?
For only $97 you’re getting practical guidance which has proven itself day in and day out as the expert authors have built their own highly successful businesses. In any case, if you do not like the E-course you have a 100% money back guarantee. So, if your dream is to start your own business, then there’s no time like the present to make your start.
Go to this Link to sign up now! There are far too many people out there who stay in the jobs they hate. Don’t be one of them. There’s a bright future waiting for you. Get started today.
In order to succeed in the highly competitive 21st Century Corporate World and your own Niche Marketplace, you need to have a Vision of what you want your business to become and embark upon a Vision And Business Strategy formulation which adapts in order to fulfil the owners’ aspirations.
A lot of people want to start a new business and often do so without having formulated their Vision And Business Strategy formulation for the future business, nor their Mission Statement, and Business Plan.
Whatever market you are in there are some common principles of successful strategic and business management which must be put in place in order to achieve a successful corporate outcome.
It is worthwhile to spend some time formulating and writing down these thoughts so that you do not lose sight of them when day to day pressures of business operations offer many distractions.
Usually, the owner or leader of the business has a Vision of what he is trying to achieve from the successful outcome of his startup endeavours, or indeed whenever there is a change of direction within the Business Strategy.
A Vision is a vivid mental image of what you want your organisation to be at some point in the future, based on your goals and aspirations. Having a vision will give your business a clear focus, and can stop you heading in the wrong direction.
The next level of strategy is the Corporate Business Strategy, which states what business the company is in.
Additionally, any company should have a Mission Statement which is the statement of what the business does day by day, in pursuit of the Vision and Business Strategy.
Here is Wikipedia´s definition of a Mission Statement.
A Mission Statement is a short statement of an organization’s purpose, identifying the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.
The Mission Statement clearly supports and works towards the Vision of the Organisation´s Leader.
So, how to achieve these Business Objectives, what is needed is a clear Business Strategy in place which spells out how to achieve the Business Objectives. What is a Business Strategy?
Business strategy is the firm’s working plan for achieving its vision, prioritizing objectives, competing successfully, and optimizing financial performance with its business model. Strategy builders can find practical guidance in this definition.
So how to prepare a Business Strategy?
The first thing that the company´s leaders must do is to prepare ambitious but achievable goals for each sector of the business.
For this you need to narrow your focus on the few vital initiatives critical to achieving your objectives.
You need to build consensus for breakthrough objectives and promote cross functional teamwork.
The objective must be to connect Business Strategy to daily and weekly action plans and cascade breakthrough objectives down to the point of impact.
You can use technology to monitor progress and implement countermeasures when needed.
Below the level of Business Strategy is the Business Planning for the company, and these plans forecast and report on the key performance indicators for the performance of the company. Such Key Performance Indicators are such things as Sales Revenue, overhead costs, fixed and variable, and any incidental costs which are critical to the performance of the company.
At the lowest level of the hierarchy of planning is the day to day planning and daily activities of the business, and it is here that the actual performance of the company is decided, by what and how efficiently the company´s employees and contractors carry out their day to day functions and activitiesin pursuit of the planned objectives.
The measurement of the organisation´s performance using Key Performance Indicators (KPI´s) is the way in which the company´s leadership can see to what extent they are achieving their Vision and Business Strategy.
Vision and Business Strategy formulation need to be aligned from the highest, most strategic level of leadership downwards, so that the direction of the company´s efforts is focussed and efficiently deployed. Detailed Business Planning must follow the strategic guidance and planning of any organisation. The Key Performance Indicators are a way to monitor whether the highest level aims and objectives are being achieved.
OMS reviewed the 12 Steps to Financial Freedom which is a Business Mindset Training Course Offered by Pat Mesiti. It is a very intensive course which will challenge you about your personal motivation and values and get you to look into your character and question yourself fundamentally about what you want and why.
Pat Mesiti promotes self-education and business mindset training for wealth creation. He has trodden a hard road to educate himself and to make himself successful and he helps others to do the same. He also does a large amount of charity work with young people in Australia.
Pat organises his business from Mesiti HQ in Queensland Australia, where he lives in Sydney.
He is a Personal Business Mentor and Lifestyle coach with a powerful and personable character. he offers personal mentoring and training courses, which are aimed at changing and improving a person´s mindset.
His claim is to be able to Offer Income Acceleration by changing a person´s mindset.
Pat is acquainted with many famous and successful personalities including Arnold Schwarzenegger.
Pat Mesiti offers many different courses and seminars in business mindset training as part of his business offering, under the categories:
One of the events which Pat Mesiti offered at the recent Digital Nomads event organized by Andrew Reynolds at the end of June 2018, was ¨Pathway to Prosperity¨which is a 3-day event valued at 1500GBP, or 3 x payments of 597GBP per month, to be organized on London in August 2018.
Within the curriculum Pat Mesiti promises to cover the following subjects:
Also, you will receive:
The Wealth Mastery Program, which is an extensive collection of mindset training, with inspirational life training presented by Pat Mesiti and guests. This is a Home study program.
Pat Mesiti also offers a Property Millionaires tour on his website, which is not populated in detail, but the events are priced at only $47Au, which seems very reasonable.
We have heard Pat Mesiti speak on two occasions in 2017 and 2018, both times at business events organized by Andrew Reynolds. Pat Mesiti is a unique and forceful character and has the power to engage with an audience and project his personality to other people. He is very personable and asks very pertinent questions about you, your motivations, your success and reasons for lack of success.
We have not yet personally tried out Pat´s written material and courses on business mindset training, but will comment further once we have done so, hopefully in the near future.
On the Mesiti HQ website are pages and pages of testimonials from satisfied customers, so we guess that their praise must be based on their experience of the courses, events and training offered by Pat.
Here is one of the free giveaways from Pat, when you sign up to his mailing list.
If you have personal experience of Pat Mesiti´s educational material and courses, then let us know your opinion and assessment, as we would be interested to know.
What is the Wealth Training Company and what do they do? The Wealth Training Company is run by Darren Winters who advocates share trading as a means of achieving multiple streams of passive income, to supplement other means of income which you already have.
Darren Winters is a very active public speaker and proponent of Mastering Business Investment, his own course about spread betting on shares trading. He claims to have spent a lot of his own time and money being mentored by the best share trading experts in the world in order to become highly skilled in this field. He also claims to have made many millions from his expertise, and offers his training courses in order to share his knowledge and expertise.
There is another story about Darren Winters however, and of a failed company, Amicus, which left many creditors unpaid when going into liquidation. See the below story from The Guardian:
There are concerns whether it is the same Darren Winters involved in Amicus and The Wealth Training Company, Darren Winters new company.
Here is their home page and website under the company´s title The Truth About Darren Winters, Business and Investing Mastery, so you can hear another view.
Wealth Trading Company is a trading name of WIN, Winters Investment Network, of which Darren Winters owns 99 shares out of 100. The other share is owned by his partner.
Darren Winters claims to have intimate knowledge of the stock markets and trends during economic cycles, and the relevant stages for share trading, and the best type of stocks to invest in at each stage of the cycle, which are:
Darren Winters coaches on Trading Psychology, and Trading Emotions.
He proposes leveraging the power of Compound Returns consistently.
All this knowledge forms the basis for educational and training courses which are offered by The Wealth Training Company.
People who have subscribed to Darren Winters courses express satisfaction about the amount of information which they receive.
There are many testimonials about Darren Winters and his training from The Wealth Training Company.
As part of his charitable efforts, Darren teaches children about his courses so that they have knowledge about shares trading to assist their future development. The proceeds from the events are all given to charity.
We have not read anything particularly bad about Darren Winters, in fact we were surprised how little information is contained on Darren Winters personal Facebook page.
The cost of Darren´s Wealth Training course is around 2000GBP, although full prices without discounting would be around 3000GBP and for those committing at the Digital Nomads event on 29-30 June 2018, he gave a lot of valuable bonuses.
We have yet to try out any of Darren Winters products, so will make a recommendation in due course, when we have been able to make an assessment whether these products can contribute to your multiple streams of passive income.
In the meantime, if you have personal experience of Darren Winters, Business Investing Mastery or the Wealth Training Company, you are welcome to make a comment, or submit your own review, which we would be happy to receive.
Professional Options Trading Education Program is an educational program presented by Sean Allison who is a professional public speaker and Options Trader from Perth Western Australia, who now lives on the Gold Coast of Australia.
Who Is Sean Allison?
Sean claims to earn about $50k per month from his own personal trading activities, no wonder he can spend so much time on the golf course!
Sean is also a keen golfer
Sean Allison is a specialist Options Trader in stocks and shares who offers Professional Options Trading Education Program consisting of 9 training modules to achieve a strong foundation for Income Investing Success;
in other words “Trading Options For Dummies”?.
In addition to the above educational modules valued at 9000 GBP, Sean offers the following additional training:
Sean´s Crash Strategy which is valued at 2,997 GBP.
You will receive access to a bespoke program which Sean has developed which covers how to profit from a market crash.
Sean´s Options Trading Program 2 Day Workshop Training which is valued at 5,997 GBP
You will attend a live classroom style workshop, also you will receive 2 tickets for World Class Professional Options Trading Education, including catering for both days, morning tea, lunch and afternoon tea, provided free of charge.
At the 2-day Cash Flow workshop you are offered the opportunity to participate in the following activities:
You will become financially educated about Options Trading income generation, if you take advantage of all of Sean´s training.
Also, you will learn all about the Options Trading business in an interactive training environment, if you fully participate in the training.
Sean´s Elite Squeeze Strategy which is valued at 1,997 GBP
You will discover a powerful strategy which can be used to see when a stock is about to have an explosive move enabling you to turn a small amount of money into a much larger sum, quickly.
Plus Lifetime Access to Sean´s Ultimate Trading Diary valued at 1,297 GBP
Sean offers lifetime access to his own personal Ultimate Trading Diary, so you are guaranteed to know trades which work, because these are the ones he is using as well.
We have not yet tried out Sean Allison´s training, but from what we understand he demonstrates good results in providing his:
Professional Options Trading Program
which is essentially “Trading Options For Dummies”.
If you have tried it and would like to send us your review we would be happy to receive it.
Alternatively you could buy the book priced at $10.52 and let us know what you think about that:-):
There are many ways in which to create multiple streams of income from your businesses. The following are some passive streams of income ideas:
Internet Businesses can do all their business online or they could be hybrids with traditional businesses. Many of the traditional retailers are offering more online services since the purchasing trend of consumers is more towards ordering online for home delivery.
The best example of the success of the pure online retailer (with no physical store) is, of course, Amazon, which is growing and plans to enter into market areas which are more associated with the High Street, such as property sales.
Companies such as John Lewis or any of the major retailers have to offer online as an option to their customers, as well as keeping their high street stores open (at great cost). BHS was a casualty of which there have been many on the High Street
Traditional Businesses can also be quite varied and many traditional businesses have online departments as well, so as to offer their customers choices about how and when they can purchase the products which they want. Examples would be Currys PC World, who have physical premises as well as good online ordering and delivery systems for the products which they sell. They also offer installation of some products as well, so are more like a supply and install contractor in some circumstances.
Traditional businesses which have not adapted to the new way of doing business online have suffered and in some cases gone out of business, for example, House of Fraser.
So in terms of passive income, the only role in which you could expect to receive a good return would be as an investor, but the risks for such traditional businesses are high with increased competition in the marketplace.
So how to reduce the risk?
Franchises are a business model with less risk than a completely new startup because the model has already been created and proven to be successful. A drawback is that to purchase the proven model and reduce your risk will cost you money paid to the franchisee. MacDonald’s franchises are expensive and you will not see a return on your investment for several years, depending on the location of the business and the level of trading. Some franchises can be run from home and do not necessarily need premises, but you need to carefully check out what you are actually buying with the franchise system which you have chosen.
Remember that for any business to work, you need customers, so no matter how much you spend on the franchise, how will you get sales? From where do you get customers? How to convert prospects into sales? How much effort will that take, ie how much of your time will you need to spend on this? Is this really passive income? Is it what I want to do?
Within the Investment Business category we would include:
Each one of the above categories needs a much more detailed explanation so as to see which one or more may suit your particular circumstances and financial capability.
Here are a few passive streams of income ideas which relate to Internet Business
Some of them relate to the selling of digital or educational products, either your own or selling e-products produced by others, under Private Reselling Rights.
An example of a system selling digital products is PRIMO3. If you want to see the OMS review of PRIMO3 then go here.
The main other ways of generating passive income online are listed below:
Affiliate Marketing can produce good passive income streams from different websites selling other people´s products or services. Affiliate marketers usually specialize in a particular niche or niches.
Goods can be sold on Amazon, Etsy, eBay, or Shopify, which are the most popular online stores.
Products can be sourced from such marketplaces as ClickBank, Commission Junction, JV Zoo.
Often Affiliate Marketers use their own website and blogs to write reviews of products with links to those products and similar ones, from which they can earn a commission on each sale.
OMS has done a review of several affiliate marketing systems including Wealthy Affiliate, which is one system which we highly recommend. However, WA is not a get rich quick system, and in order to arrive at a position where you will receive passive income from the websites which you develop, you will have to invest a large amount of time.
If you want to see our review of Wealthy Affiliate, go here.
Small value sales will give relatively small value commissions, but high ticket sales can also produce high-level commissions. Once buyers trust a seller then they can be offered Up-sells which generate higher returns and profitability. You need to decide on your marketing strategy of what products or services to sell, and how to market such products.
Some retailers have their own range of products which they produce or source and then sell to customers online. Sometimes these are traditional retailers who also have high street stores, but also offer online shopping to remain competitive with full online retailers. Examples of online sellers with retail high street presence would be John Lewis, Next, Selfridges or Harrods.
Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers the customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. As in retail business, the majority of retailers make their profit on the difference between the wholesale and retail price, but some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler to the retailer.
The seller only orders the product once he has received payment from the customer. The seller places the order with the drop shipping fulfilment company at a lower price, in order to make his margin.
The seller has to keep no stock or inventory, nor premises, so there are big overhead savings over a traditional business.
The dropshipping fulfilment company sends the product to the customer by airmail for quick delivery, or train or sea shipment. Sometimes these dropshipping fulfilment companies are based in China, but they could equally be based in any country including the USA. Examples of Chinese drop shipping companies are Alibaba or AliExpress.
OMS has reviewed a couple of drop shipping companies which are based on the Shopify platform.
If you want to look at the OMS review of ZeroUP, go here.
An example of a USA based drop shipping company would be TREX or Slingly, although there are many other systems out there.
If you want to look at the OMS review of TREX, go here.
If you want to look at the OMS review of Slingly, go here.
MLM involves selling of products at different levels within a system or programme. An example of such a system would be The 4%, which OMS, has not yet reviewed.
In most circumstances, OMS would NOT recommend that you invest in an MLM business.
However, there are a few exceptions which we will advise on shortly once we have fully explored and tested them.
Additionally, there are other forms of business which rely on trading, such as the buying and selling of shares and options.
These systems can be used so as to generate relatively good levels of passive income. It is claimed to be able to start with relatively low levels of capital, although we have yet to fully try this out.
An example of a Share Trading System is Share And Options Trading Education from Sean Allison. For the OMS review of How To Open Your Trading account With Professional Options Trading Education Program using Sean Allison´s training system click here.
For the OMS review of The Wealth Trading Company, from Darren Winters click here.
Another means of achieving passive income is from trading in Cryptocurrency. There are a number of groups specializing in the buying and selling of cryptocurrency, such as Keys To Freedom.
We will shortly be publishing our OMS review of Keys To Freedom.
Property is a massive subject for consideration in relation to Passive Streams Of Income ideas but does usually demand that you have at least a proportion of the capital available to invest in the development which you are interested in. The Rule Of Thumb is that you need approximately 20% of the development cost, whether you are managing a large development or investing in property on a small scale.
We are aware that some people claim it is possible to use entirely other people´s money, but we are quite sceptical about the effectiveness and risks of such a strategy.
Your role in the Development process could be as:
Owner (of the site and the eventual development), which could be Freehold or leasehold for a fixed term of years.
Investor (in all or part of the development).
Some investors purchase only Freeholds of properties and do not
There are numerous franchises available in the property market, one of which is Platinum Property Partnership. Their financial model is based upon Houses of Multiple Occupation (HMO), and involve identifying properties in certain key locations, which have parking available and also which are near public transport. These properties may also be near such places of intense employment such as factories of large office complexes, Universities, Hospitals etc.
The identified house is purchased at a certain price level, which is factored depending on the anticipated rental income from each individual room available for rental.
The house is then refurbished and extended and upgraded to conform with the required Building Control and Fire Regulations.
Once the refurbishment is complete, the individual rooms are furnished to a suitable high standard and offered to young professionals to whom this standard of accommodation is targeted.
Rental agreements are prepared and signed by the landlord (you) and the tenant, on whom you will have taken up references before agreeing to rent them the room.
Another example of a successful property investor is Kevin Green.
Kevin Green´s success model is based on buying ¨Distressed Sales¨, ie those where the vendor is under some pressure. For example, there may be a charge on the property and the owner may be behind with payments, so is being pressurized by the bank to make all payments, or if the owner is unable to do so promptly the bank may threaten repossession.
Kevin Green specializes in doing deals under such circumstances, then refurbishing or improving the properties and selling them on at a profit.
Property is such a large subject area, we will publish separate reviews about these opportunities in due course.
From all of the passive streams of income ideas which are listed above, it is clear that depending on how closely you wish to be involved in each of the businesses, and in what role, there is potentially a lot of work involved in many of them. They can hardly be described as Passive Income.
So you need to choose carefully the business which suits you best, taking account of the amount of capital which you have available to invest, and also the amount of time which you are personally able to invest.
You need to be aware of how much money and time it will take to develop your business. You need to assess at what stage you will be able to make passive income from the business, and exactly what commitment will be required once that stage of development has been reached.
You also need to look at what options there are in the particular business model which you have chosen for an Exit Strategy. What will you do? Hold the business in perpetuity, and pass it to your heirs, as your legacy? Alternatively, do you plan to build the business up to a certain stage of success, and then sell the business as a going concern, so you bank the proceeds of the sale as your return on the investment which you have made to start and build up the business.