live news online: Internet Marketing ? The Perfect Retirement Plan?

Internet Marketing - The Perfect Retirement I?ve been earning a very comfortable living with internet marketing for well over a decade but it wasn?t until I had a conversation with a financial planner that I realized just how much wealth revenue from internet marketing represented. Like most of you I focus on growing my business to meet today?s goals. But think about it for a moment?think about that new business you brought in today and how it impacts your future income.

Your internet marketing business could be your $1,000,000 retirement plan.

Todd Tressider is an incredibly talented financial planner who became a client of mine when he approached my wife Arlene and I to help him promote a website for his financial coaching business.

Todd spent several years as an exceptionally successful hedge fund manager who had a reputation for making his rich clients richer. But in his own words Todd became dissatisfied with ?making a few points? for his wealthy clientele and decided to sell his business and retire?at the age of 35!

Like most entrepreneurs Todd did not take well to retirement and soon took on the challenge of opening a new venture where he could apply his wealth building skills to benefit people who actually needed them. Today Todd?s practice focuses on advising his clients on how to build wealth to finance their retirement and it was this subject that we were discussing when he looked me in the eyes and said ?You know?

$100 Per Month is Equal to the Amount You Would Receive From a $30,000 Retirement Plan?

And then it dawned on me. What Todd was saying is that for every $100 of revenue that I am making per month through internet marketing it?s the equivalent of someone else plunking down $30,000 in a retirement investment fund!

Now the numbers behind this are pretty simple to work out. What?s really important is to understand is what retirement programs and your online business have in common.

Retirement packages consist of a principal amount which generates investment income which in turn is paid out to the retiree. So if you had a principal amount of $30,000 and it returned 4% that?s $1200 per year. That $1200 is profit earned and you will continue to earn $1200 a year because the principal keeps cranking it out.

Now I mostly deal in affiliate marketing but what I?m about to say applies to most internet marketing businesses as well particularly those who deal in information products like e-books, tutorials and webinars. The money we make in our businesses is recurring. If it is launched correctly you can expect that revenue to continue for an indefinite period of time. It?s our ?profit earned? and the work we put into building it and marketing is our ?principal amount?

Passive Income Is A Wonderful Thing!

Both retirement plans and internet marketing are forms of passive revenue streams. With the retirement plan, the benefit paid to the retiree is a form of indirect passive income that relies on the principal amount to generate the revenue in the form of interest or dividends. In internet marketing we receive direct passive income as a result of our direct marketing efforts.

There is one huge difference between the two and that?s the need for the retiree to contribute to the principal amount. Twenty or thirty years of saving goes into the typical package in order to build enough cash to return a reasonable income.

We don?t have to do that.

Our investment in the ?principal amount? is the time we take to correctly build and market our products. Once a product or service has been correctly launched sales become automated and there is very little maintenance required to keep the dollars rolling in. Talk about wealth building!

The $100 Challenge

If you?re new at this business you?re probably saying ?Yeah that?s great and all but I haven?t had a $100 month yet and I?m not sure I ever will?. Well both Todd and I agree that the first $100 is the toughest to get?and there?s an obvious reason why.

Every business requires a certain amount of experience and skill if it is going to be successful. Right now you simply don?t have all of the skills it takes to succeed in internet marketing but you?re learning. Don?t give up. Both Todd and I agree that the number one reason that people fail in this business is that they don?t have the ?persistence? to keep at it until they succeed.

When you do have that $100 month it?s a sign that you have done something right. You have picked up enough experience and knowledge to be a success. Now just rinse and repeat and the sales will flow in. It?s far easier to make money once you know what you?re doing than when you first start out.

Do You Need a Million Dollar Retirement Plan?

Deciding how much you need in income when you retire is a very personal question and requires some honest evaluation of just what lifestyle you?ll want to live when the time comes to hang it up. You? have to come up with a realistic answer to ?When can I retire?? And the really sad thing is a million bucks doesn?t go as far as it once did, particularly in this economic environment.

Think about it for a minute. Today you would be really lucky to find a safe retirement investment that yielded 2.5%. That?s $25,000 a year or $2083 per month. The good news is, if your internet marketing business is already bringing in that kind of money then you have the equivalent of a million dollar retirement fund. See how passive income really builds wealth?

The bad news is that most families can?t live on $25,000 a year. If you?re a beginner, keep plugging and the dream can come true. If you?re established, keep growing because every dollar you add today is a dollar you?ll most likely keep earning for as long as you live.

Bio

James Martell discovered the lucrative world of affiliate marketing in 1999. He is a self-taught Internet entrepreneur and a leading expert in affiliate marketing, outsourcing and SEO. James is the host of the ?Affiliate Buzz?, the first and longest running affiliate marketing podcast (free). James is the host of the ?Affiliate Marketers SUPER BootCamp?, a first rate?affiliate marketing video training best known for developing affiliate success stories. James resides in White Rock BC, a seaside suburb of Vancouver on the West Coast of Canada with Arlene and their 4 children. You?ll receive actionable tips, strategies and money making advice directly from James Martell when you subscribe to his weekly Affiliate Buzz podcast by email, RSS feed or iTunes. You can also follow James on Twitter. You?ll be glad you did!