Earn More Money in Your Home Business by Creating a PIG
If you really want to earn more money with your work at home
business, than you need to strongly consider adding a P.I.G.
Obviously, I am not referring to the questionably adorable pot
bellied pig that many fine people have adopted for a pet.
The concept of adding a Passive Income Generator to your
business should be a top priority if you want long term income.
What exactly is a Passive Income Generator?
As the names suggests, a P.I.G. is a product, system or service
that will pay you and your company long after it has been
implemented. In fact, the ideal P.I.G. is one where you do the
work once and it pays you over and over and over with little to
no maintenance on your part.
An example of a P.I.G. could be a book, an audio CD, a patent,
the licence to use your idea, a service that you contract out,
and much more. Let's take a book as an example. You diligently
research, compile, write, edit and proofread your book.
Depending on who you are this may take you anywhere from 14 days
to 14 years. Once the work has been done, a publisher will
usually help with the marketing and promotion of the book. Once
all that has happened, you the author are left with a passive
income generator that will keep selling books while you sit on
the sat enjoying your margarita.
Making money with a P.I.G. has become so much more important
with the acceptance of internet commerce. Today, there are some
amazingly quick, simple and inexpensive ways of creating a
P.I.G.. As an example, take a pay per click advertising
campaign. This type of a business revolves around driving
traffic from the search engines at a small cost to a sales site.
Once at the site, automated software can take the browser by the
hand and market and market the product until a sale is made. If
the product is virtual like software or an e-book, no human ever
needs to get involved in the transaction (other than the buyer).
Another example of an online P.I.G is an affiliate program.
Pretend you sell a digital product like an ebook or audio book.
Now imagine you get to work testing all kinds of sales
literature until you create a very effective selling system on
your website. All you need to do now to really expand your
business is drive plenty of traffic through this system.
By creating an affiliate program and attracting hungry
affiliates, you stand to make a greater income while working
less and less. The affiliates bring in the customers, your
automatic sales website does all the work and once again you get
to take off to a warm sunny destination.
So no matter what business you are in, think about how you can
earn more money by adding a P.I.G. What parts of your business
can you automate for complete hands free operation? Could you
create an entire home based business where you create nothing
but P.I.Gs? How much more money, free time and luxury would that
add to your business and lifestyle?