Day Four

How to make passive income on the internet

Agenda

• Identify and eliminate your subconscious blockages to earning passive income

• How to buy, renovate and sell a business for profit

• Planning and implementation

Session 1

How to identify and eliminate your

subconscious blockages to success on the internet

The secret to success…The secret to success…

mental emotional

physical

$

Before we could be successful with PASSIVE

INCOME we had to identify and eliminate ourSUBCONSCIOUS

blockages

Our blockages to success with Our blockages to success with passive incomepassive income

• Earning money requires hard work - if it’s too easy I feel guilty• Really good opportunities are scarce• I need to take things stepwise and build up knowledge and

experience• Passive income is hard to generate• Direct mail stuff is “shonky”• This American stuff won’t work in Australia• My self-worth comes from consulting achievements

Here’s what we replaced them with

New subconscious beliefs that led to success:• Money comes easily to me• Great opportunities are everywhere• I have more than enough knowledge and experience

to act now• Passive income is easy to generate once you know

how• Direct mail stuff is innovative• I have a world-wide market• My self-worth is innate – it doesn’t depend on what I

achieve

Wealth Accumulation

is a Skill

D x V x P > C

• V = Vision

• P = Plan

• C = Cost of change

D stands for:

• Dissatisfaction

• Desire

• Demand

D x V x P > C

Time x Focus x Emotion

Equals

Real World Results

Money Will Treat You the Way

You Treat It

Exercise

I am a successful and wealthy

internet marketer

<name>, you are a successful and wealthy internet

marketer

<name> is a successful and wealthy internet

marketer

The voices in my head are saying…

Write down 2 things you got out of this

session and how they will impact your life

Session 2

How to buy, do up and sell a business for profit

Matt and Liz Raad

The voices in my head are saying…

Write down 2 things you got out of this

session and how they will impact your life

Session 3

Planning your Internet Success

Planning concepts

• 80/20 principle

• Avoid the BSOs

• Now-Where-How

One page plan

Steps to prepare your 1-page plan1. Where are you NOW?

2. WHERE do you want to be in 3 yrs?

3. What are your options to get there?

4. What’s the best option?

5. What needs to be in place in the next 12 months?

6. Prepare action plan with who and when.

Step 1Where are you

NOW?

“NOW” issues

• Strengths

• Weaknesses

For example:

• Time available

• Cashflow available

• Current skills

Step 2WHERE do you want

to be in 3 years?

“WHERE” analysis

Imagine the next 3 years are really successful. What would be the end points or results of

those 3 years of success?

Step 3What are your

options to get there?

List your options on the

impact / ease table

Step 4What’s the best

option?

Rate each opportunity out of 10 for impact.

Impact means “If I did this one, how closely would it get me to my

goal?”

Rate each opportunity out of 10 for ease.

Ease means “How much time and money will it

take? Do I have the skills and enthusiasm for it?”

Plot each opportunity on the grid.

Choose one that’s in the top right hand corner.

Step 5What needs to be in place in the next 12

months?

Step 6Prepare action plan with who and when

The voices in my head are saying…

Write down 2 things you got out of this

session and how they will impact your life

Session 4

Questions?