Introduction
Gaining financial freedom is a dream for many people. Just imagine that you can do whatever you want, while cash flow is automatically pouring in. Robert T. Kiyosaki achieved this by striving to excel in real estate investment, but real estate is not the only area you can explore. With the leverage of Internet in this information age, a lot more can be ventured. But one thing for sure, you must be ready to work hard. Just because you can do it in the comfort of your desk and PC at home, it does not mean it's going to be easy.
Financial freedom in the offline world
Before we go to generating financial freedom with the Internet, let's see how it works in the real world. Basically, gaining financial freedom is about controlling your expenses and liabilities, plus striving to generate passive income. What is passive income? Passive income is income that is generated through assets and investments. If you establish a "business system" and hire a manager to run the business for you, it will give you passive income. You are not personally involved in the business daily management, but you are getting return from your investment. The more business you created, the more income you will have. And at a certain point, the total income you are receiving is more than enough to pay for your expenses and liabilities. This is when you gained your financial freedom.As can be expected, building a "business system" is not easy. It takes lots of time and sweat, but it worth the efforts. Just compare a person who is just merely building a "business" instead of a "business system." He will have to be involved in all aspects of the business management. He will never had the time to build his second business. He works hard, and he had to work hard forever. On the other hand a person who builds "business systems," work hard to build the system, trained his manager and hand over the management of that business to him. Once this is done, he will have more time to build a second business. He continued this cycle again and again until finally he is able to sit at home and wait for cash to flow in. Now let us see how we can do this with the Internet.
How does it works online?
Business works well when there is a marketplace. The Internet is a good marketplace, in fact it is a great marketplace. With Internet, your market is the world itself. There are no boundaries. Because of this, the Internet is a great place to build your business.Similar to what people are doing in the real world, you will build "business systems" in the Internet which will generate passive incomes. Once you generate enough business systems, you will then gain your financial freedom.The only difference between offline and online business system is, in the offline world once the business is established, you will hand it over to your manager. Whereas for the online business system, you don't have a manager to hand over to. The good thing is, there are many ways in the Internet to automate your business system. This is where the word "viral" comes in. In a nutshell, you should:
establish a long lasting traffic generation system.
develop a great enticing opt-in squeeze page to capture leads.
set up an auto-responder to automatically get connected with your leads.
and of course, a great business opportunity that provides a win-win situation to all people involved.
Can you do it without capital?
Now we know that generating passive income in the Internet is very much possible. But many people asked, "Is it possible to start Internet business without capital?" Well, for me it depends on what is your definition of capital. Building a business in the Internet really don't need much capital. What you need is probably some money to pay for your broadband bills. You should only invest your money, "after" you had generated a significant list. This way you will minimize your risk. I paid a lot of money paying for guides and tools when I first started Internet marketing, only to find there are lots of ways you can do it for free. My advise is to take baby steps, tuck in your wallet and start with minimal expenses. Once your business starts picking up, use the money to re-invest. Nevertheless, if you are a seasoned investor who is able to justify rewards vs. risk, then by all means, please do invest as much as you can.
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