Ebooks:
http://www.nannyhiringguide.net
http://www.pennystockshelper.net
http://www.getridofstrechmarks.net

Pbooks:
http://BeautifulJewelsOfWisdom.com

This week I am going to show you the things I am doing to generate traffic to the websites and to let you know where I am with the project.

The biggest concern I have right now is that the 3 ebook businesses I bought from Neil Asher in his “Give up you day job” package have so far not sold any at all. This is a big concern to me as the package cost a lot of money and his website claimed that I would earn $10,000 a year from each ebook. So far I am having a great deal of difficulty finding any evidence that these “niches” have any traffic at all. However, Neil did say that it can take from 3 to 6 months for the traffic to start appearing, so in the mean time I am working on Google Adwords to see what I can generate in sales.

The one MSI that is generating income at the moment is the book publishing, though it is going to take a long time to grow to the point where it is making profits. However $131 profit this month does cover the cost of creating 2 book, so we shall see how this develops once the traffic generation has kicked in.

http://HotInfoBase.com is a website with over 1000 pages all with Adsense on them. Next I need to work on traffic generation.

http://MyHomeBasedRiches.com the subscription based training program is up and running and the guy I have selected in Pakistan is generating inbound links for me.

http://BeautifulJewelsOfWisdom.com is a site dedicated to providing wonderful books. Currently I have listed a number of books and am working on publishing the complete works of James Allen, one of my all time favourite authors.

Until next week take care and please remember to give me feedback

Day 33 of the 90 day challenge.

In this video I am pleased to announce my first income and also my progress on the other areas of the Money – Time – Freedom challenge.

With just 57 day left to go, I have a slight change in the way I am going to continue with the challenge and the things I plan to implement in the near future.

By the end of January I want all the streams up and running so that I have more income and I can spend the last 30 days focusing on marketing and building the income.

The Time Management system is available to download here:
http://myultimatesuccesssystem.com/diary/MUSSDiary2010.pdf

I guarantee that if you use the principles in this system to eliminate the waste and focus on what really matters you can increase you productivity by up to 400%. To read more go here: http://myultimatesuccesssystem.com/the-ultimate-time-management-system/

Book Publishing

Publishing books has long been a form of passive income, you write it once and then it sells for decades – or at least that is the principle. The only issue is that it is sooooo easy to do these days that too many people are doing it.

There are 3 ways to get books to publish and I am going to use all three.

• Write it
• Get a ghost writer to write it
• Publish books out of copyright

I have already set up the system and will keep you informed.

So this is day 10 of the 90 day challenge and today I am going to continue with the system based around the idea of “Computers working for money”

In the last video I showed you that you do not need to be the expert to create a training programme, you just need to know someone that is an expert who can create the programme for you.

Now that the programme is up and available it is important to start generating traffic to the site – for this I am going to create 900 inbound links. However, as my time is at a premium and the entire project is designed to free up my time, I am going to outsource the process via Elance.com.

I have listed the project on Elance as a featured listing ($15 extra) so that I get the maximum number of responses and I will review the listing after 7 days.

The ultimate aim is to generate traffic to http://myhomebasedriches.com/ and to get subscribers to the training programme.

There is little more that I can do with this programme until I have some responses to the project ad, so I will now focus on one of the other Streams of Income.

It is a well known fact that if you want people to trust that what you are selling is of great value then it is a good idea to let them test-drive it first. This can be a challenge with an information product, but when you are providing a training course, it is easy simply to provide the first part for free and then charge only when people decide that it is right for them. So that is the model I have chosen for this stream of income.

The choice of online marketing was also simple, it was what I wanted to learn and I was able to get the course put together by one of the UK’s top experts on the subject.

I won’t say much more about that, he has put together a great introduction for himself at http://myhomebasedriches.com/

In the next video I will let you know about the ways in which I am going to drive traffic to the site – so stay tuned!

Today we start the first of the 6 streams of income. My choice for money working for money is online Forex trading. However, I wanted to choose an income stream that would require the lowest amount of my time, and one that would utilise the marvel of compound interest. As I dislike studying charts and spreadsheets, I decided to utilise an automated managed Forex system, that way I can reap the benefits of the high returns of Forex trading without the daily time-consuming and (for me) unpleasant studying.

The method I have chosen is Forex Macro ( http://forexmacro.com/?chrisball ). I looked at Ivybot, (Forex trading software often referred to as a Forex robot) which I will implement in the future, but for now I have chosen ForexMacro because it offers 21% return on investment – per month, which is massively higher than traditional deposit based investment, and it is completely hands off. In fact I only need to check the returns and manage the account once per month for about 30 minutes.

With this system I don’t need to go in a Forex course to learn about the market and how it works or worry about the spread betting. I can do global Forex trading without any knowledge of my own.

OK, if I were to learn how to do trading for myself and manage it all myself then the potential returns are even greater, I know someone that can double his money in less than 2 weeks, but the risks are also much higher. Also or me this would be more complex, stressful and time consuming, which is not an option for me if I am to keep to my aim of passive income.

Anyway, I hope you enjoyed this video and I will keep you posted at to how I am doing.

If you want to check it out for yourself, click over to: http://forexmacro.com/?chrisball

Until next time, have a prosperous weekend.

I have decided on 6 streams with the aim of having a minimum of 3 that are generating reliable income within the 90 days, and 3 that I can ditch if needs be. Obviously it would be really great if all 6 are successful, but that is not necessarily going to happen.

The 6 streams are:

• Forex Trading
• Ebook business
• Subscription business
• Blog with Adsense/affiliate product sales
• Pbook business
• Website Business

The idea is to have as diverse a range of businesses as possible with diverse routes to market, whilst also staying within my own general areas of knowledge. Obviously it is not necessary that I know how to do all the various things that need to be done, but it is necessary for me to know someone that does.

Over the next week I will start with the Forex Trading and document the progress I make on that.

The next video will be in a few days and until then, if you want to know more you can contact me via this site, my facebook at http://facebook.com/chilltime and http://twitter.com/entrepreneur_me

I will be keeping you up to date with the progress of this challenge on this blog and on Facebook at http://facebook.com/chilltime. Also you can get an ongoing update of my progress from my tweets at http://twitter.com/entrepreneur_me

Join me on this journey to financial freedom and discover whether the route to financial freedom is as easy as it seems.

In the next video I will reveal the 6 streams of income that I will be using to create this freedom and choosing the first one to go with.

Then every few days I will be implementing one strategy after another to find the ones that create a stable predictable income – the other ones I will drop.

Each strategy I try will be based on known costs, known rewards and therefore I hope most of them to be a secure bet.

You can watch what I do or follow along with me on this journey to financial freedom.

Enjoy the ride.