Let Others Work for Your Residual Cash Income

Every time someone else sells something, you make money with absolutely no effort on your part. This is the thought behind creating residual cash income and for many people has led to their being able to live a good life.

While a few methods of creating residual cash income have been determined to be illegal, there are numerous opportunities that are not only legal, they are also ethical. Think of Avon, Stanley Home Products, Fuller Brush Company and you can begin to understand the opportunities for people to make a residual income.

For example, one person is selling a product or service and they bring in a person to work under them, selling the same product or service in another location. The first person will receive a percentage of the sales from the second person. Now, that second person brings a third person into the group in another location. The third person makes a sale, person two and person one all make a percentage of the third person’s sales.

The residual income from the progressive sales get smaller at the top of the line, but person number one will still have created a residual cash income and eventually will have to do nothing but collect the money. Think retirement. Additionally, working with different companies several streams can be created, adding to your residual cash income.

The good news is that there are plenty of opportunities to join this type company and not be so far down the list that the only income you make is from your own sales. Getting into this opportunity close to the beginning will generate more residual cash income for you than joining in too late.

When you look at this type business establishment, considered by some to be multi-level marketing, research the product or service being sold. Determine if there is a legitimate need for it and is it attractive enough to generate public interest as well as repeat business.

There are a few multi-level marketing ideas that have been floating around for years touting the fact that you can create an income stream for yourself simply by recruiting others to sell products for you. Some may have a pretty good sales pitch and a decent product. The bottom line, however, is someone down the line has to sell something in order for anyone to make money.

Once you have found a product that you believe in and are willing to sell, you can then enlist others to join in the fun and work under you, becoming part of what is referred to as your downline. Even knowing that people over you, in what is called your upline, are making money you will have a residual cash income for every sale made by people in your downline.

The biggest challenges that many import companies have is finding a way to pay suppliers when a customer places a large order. As is common in import transactions, you must pay your suppliers using a letter of credit and then wait until the goods are delivered to your customer before your customer pays you. This creates a window of time, sometimes as long as 90 days, between the time that you pay your suppliers and the time that your customers pay you.

But what happens if you don’t have the funds to obtain a letter of credit? Or, if you can’t wait for a long time to get paid? Do you pass on the order? Well, you don’t have to. Not if you decide to use purchase order finance.

Purchase order financing is a tool that allows you to easily make large orders – even if you don’t have the money to pay suppliers and if your company is new. It provides you with up to 100% of the funds needed to pay your foreign suppliers, enabling you fulfill your large orders and grow your company. And it works for almost all companies because of a unique feature. Almost any company can qualify, provided you have a purchase order from a government agency or a strong commercial customer. Indeed, your collateral for the transaction is the reliability of your customer. This make po financing a very unique tool for importers that are buying goods from China, Taiwan, Brazil, Russia or almost any country in the world.

Purchase order financing easily integrates to your company and is easy to use. Here is a sample transaction:

1. Your commercial or government customer places a purchase order with you

2. Your company places an order with your local or foreign supplier

3. The purchase order finance company provides a letter of credit to pay your supplier

4. Your supplier delivers the goods to your customer 5. The transaction is settled once your customer pays for the goods

As you can see, this transaction is completed with little if any of your own funds and the financing company covers most costs. This is ideal for new companies or companies that have exhausted their capital.

Many times, a customer may take up to 60 days to pay for the goods. This is especially true if you are selling goods to large companies that demand payment terms. In that case, you may need to also use factoring financing. Combining invoice factoring, which costs less than po financing, with po funding enables you to lower the total transaction cost.

Your transaction cost will vary based on a number of variables such as size and credit worthiness of the buyer. Generally speaking, larger orders from credit worthy customer (or government agencies) will have the lowest costs.

Both factoring and purchase order financing are offered by factoring companies, although not every factoring company offers both.

Has anyone ever asked you what kind of business you're in? Of course they have and it doesn't matter what your answer is. You could be in the insurance, automobile, restaurant, Internet, investment, network marketing, writing, publishing, etc. The type of business makes very little difference, because we're all in the customer business. If we don't attract and subsequently keep customers there is no business.

Many people think McDonald's is in the hamburger business. Or that Domino's is in the pizza business. How about Gateway being in the computer business? Nope, all of these companies are in the business of attracting and then keeping customers. The product is of little importance without customers.

This is a very important key to remember in any business, because without customers business as we know it would cease to exist. Let's not forget what W. Edwards Deming said, "Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them." So there you go, without customers there is no business. We would all be better off spending our time focusing on both obtaining and retaining customers, because that's the key to business as we know it. You've no doubt heard the old saying that 'the customer is king'. Keep that saying in mind as you move forward on your quest to attract keep the most important part of your business…the customer. And never forget that whatever business you say your in, in reality your in the customer business.

Trevor Kugler - Co-founder of JRWfishing.com and founder of yourmoneyconnection.com Trevor has more than 15 years of business experience and currently raises his three year old daughter in the heart of trout fishing country - Montana.

What's the first thing you look for when buying a product or service online? Ok, after the price? ;-)

That's right - testimonials! Rave reviews from other people who have used the product or service that you're considering investing in can make a huge difference in whether or not you take out your credit card, right?

When potential clients or customers visit your website, they want to see the same thing. It makes them feel that much more comfortable that they're making a good choice in handing over their money to you. Make it easier for them to buy (and easier for you to make a sale) by including testimonials for every product or service you offer.

But not just any nice words will do. You want your testimonials to be results-based so as to do the selling for you. Here's what I mean:

1. Use the Before/After Template

Ideally, your testimonials should tell a very short story about where your client or customer was at before they starting using your product or working with you, and then tells the great results they've gotten since.

For example, one of my clients wrote this testimonial for my 21 Easy & Essential Steps to Online Success System:

"Hi Alicia,

I also wanted to chime in about how happy I am with your 21 Steps program.

I have purchased several other marketing programs, and while they all provided good information, none provided the steps, resources and direction I was looking for.

21 Steps provides the exact steps I need to take, and when I need to take them! 21 Steps also provides many of the resources I was looking for - where to post my articles, worksheets, webhosting sites, etc.

Since I purchased your program the traffic to my website has increased dramatically and my subscriber database has already increased by over 10%.

Thank you, Alicia, for finally creating a marketing program that has everything I need - good information, steps, a timeline and resources to complete those steps.

I'm looking forward to learning more from you in your weekly emails and the coaching cafe."

Kristine McKinley http://www.beacon-advisor.com

Here's a template you can use for your own testimonial gathering:

"Before I started (working with Your Name/using Name of Your Product), I was (brief description of challenges/struggles/problem client/customer was having).

After I started (working with Your Name/using Your Product), (brief description of the results client/customer has enjoyed since working with you/using your product)."

Follow this with your client/customer's full name and website address or city and state, if they aren't online.

2. Email the Before/After Template to all your clients and customers asking for their testimonials.

Once you've designed a fill-in-the blank template specific to what you're asking for a testimonial about, send it via email to your clients or customers. Most of them will respond, especially if you make it this easy for them.

In your email, ask for their permission to use their testimonial in your marketing materials. This may seem like a given, but you want to make sure just the same. Also encourage them to include a photo of themselves to use alongside their testimonial for more impact.

And consider giving them a deadline to send it back to you by; otherwise, your request may sit in their inbox, even if they have the best intentions of responding.

3. Say thank you!

Make sure that you immediately respond to every testimonial you receive, solicited or not, to express your gratitude for them taking the time to do so, and to tell them what it means to you and your business.

4. Use them!

Make sure that as each testimonial comes back to you, you use it! Put it on your website, your brochure, your flyers, or whatever other marketing materials you use to promote your business.

By the way, if you don't have clients or customers yet for a particular product or service, ask for testimonials from anyone you've helped for free, or for a more general testimonial about another product of yours they've used. Testimonials are very important to increasing your credibility, and having one or two - even if they aren't very specific - is better than not having any at all.

Testimonials are one of the best no-cost/high-impact marketing strategies available to you. Use them to help put your prospect's mind at ease, and get more clients and customers for your business.

How many times have you purchased something, especially one that required customization over the Internet, only to be disappointed when the final product arrived? Maybe it’s because of shoddy workmanship on the part of the company; maybe you should have done more research before committing to one product or business; or perhaps it’s that you expected way too much from a company that just didn’t have the ability to deliver to your expectations; or maybe it’s a simple combination of all of these. Whatever the case may be, there’s a right and a wrong way to shop for promotional products on the World Wide Web.

First things first, you want to be sure that you’re dealing with a reputable e-business that is just as concerned with your personal information and security as you are. A real, physical address will help ease your mind about a fly-by-night operation that might run off with your hard earned money. Although post office box numbers or other forms of postal disbursements aren’t a certainty for fraud, it’s a nice feeling to see a brick and mortar building to accompany your payment.

Next, don’t feel obligated to order a promotional product that you aren’t completely happy with or thrilled about giving away. It’s YOUR company name that is going to be printed on the item, so you shouldn’t settle for an item that you feel is subpar to your standards or doesn’t fully represent or symbolize all of your efforts. Epromos.com, branders.com, 4imprint.com and gimmes.com are some of larger sources of promotional products on the World Wide Web. Qualitylogoproducts.com proudly boasts that they have more than 9,000 handpicked, individual items for you to choose from, so there’s bound to be at least one that’s as unique as you and your company.

Don’t forget about service! The best online promotional product companies understand what your needs are, and are more than willing to help you choose the best individual item to represent your company. If you can’t seem to find what you’re looking for, have some difficulty choosing between several, or simply have no idea what you want to represent your company, a team of professionals at a higher-end store will be more than happy to work with you to get the job done. Many of these companies will offer you assistance with artwork and logo design (some of them without a fee); you just need to know how and where to find them.

Guarantees are only as good as the company that offers them. With this in mind, if you take care and caution to pick out the right promotional products company online, the need for a guarantee will be the furthest thing from your mind, but it’s always nice to know it’s there.

Today ADT is the world's largest and perhaps the best-known alarm monitoring company. ADT's customer support includes residential homes, shops, banks, offices and government buildings. The wireless intruder alarm system is an extremely safe method of alarm communications.

Whether you are at home or outside, ADT alarm monitoring service along with highly prized wireless security alarms provide guaranteed protection from any danger. When the wireless home security alarm is set off, you will instantly be telephoned by an alarm monitoring expert at one of the 5 alarm monitoring centres of ADT, who are available day and night for your comfort and the protection of your home and business.

As an approved ADT dealer, ADT monitored alarm systems provide protection from burglary, fire, carbon monoxide, medical emergencies, flooding, water leaks, and low temperatures inside your home. By using ADT wireless alarm systems, you can have your house alarms monitored by ADT security services even when the power goes out as the ADT home security alarms have a backup battery that will last 24 hours.

# Monitored for Police response
# Full comprehensive maintenance and monitoring
# Wired Alarm system
# 36 month contract
# Subject to Status
# Available to both tennants and landlords
# Price exclusive of vat

Efficient and professional installation

We offer BT Redcare packages if your insurance company has requested it.

All systems installed comply with current British and European standards BS4737, BS6799, DD243:2004, BSEN 5031 and meet requirements of most British insurers.

All systems installed are SSAIB certified and monitored by NACOSS (NSI) Gold Alarm Receiving Centre (ARC)

Easily upgraded to cover a future extension

Thus by opting for ADT wireless alarm system, you can experience ultimate security from any kind of hazard.

The most common form of business security is the alarm system. Nowadays, business security technology can make your business extremely secure and provide the peace of mind. Both wired and wireless alarm systems are available in the market.

The more thriving your business, the more interest it is likely to produce amongst intruders. In order to protect your business one of the primary things you need to do is set up safe cash flow practises. This includes correct recording procedures with regular appraisal. Often it has been found that the company's own workers tend to steal from the cash flow. Installing a monitored security alarm can guarantee business safety by keeping an eye on the workers and also lessen the amount of time a criminal is on premises and therefore restrict possible loss. Apart from monetary safeguard, it is also crucial to provide protected environment to the employers and the customers.

The monitored alarms systems can be easily installed and can be supervised by professionals at a monitoring centre. Business security alarms protect all points of entry - doors and windows. Some of them also spot movement inside the room. If a window is broken, a door opened, or someone steals into the room, the alarm will release a piercing sound and will also alert security officials.

Efficient and professional installation

We offer BT Redcare packages if your insurance company has requested it.

All systems installed comply with current British and European standards BS4737, BS6799, DD243:2004, BSEN 5031 and meet requirements of most British insurers.

All systems installed are SSAIB certified and monitored by NACOSS (NSI) Gold Alarm Receiving Centre (ARC)

Easily upgraded to cover a future extension.

Proper supervision of the alarm systems by the monitoring company can make the business world more secured.