Earning passive income in Malaysia
Posted February 13, 2009on:
Passive income has been defined as income that you earn after making some “one time” effort, but much less effort is required to maintain it.
Examples may be portfolio income, which are interest and dividends earned from investments in stocks and bonds. Others may be rental income from property, royalties from publishing books or from music recordings, etc.
Another good example is a salesperson’s income from commissions on sales. This is often called residual income. Examples may be insurance commissions from premiums paid by the insured, which accrue to the agent for a number of years.
There is no such thing as effortless income. Effort, commitment, hard work and dedication are all prerequisites. You may notice that none of these requirements require any special skill or capital.
For most ordinary Malaysians, adequate capital is a setback. Many Malaysians may also not have the skills, knowledge and creativity needed to publish a book or to write commercially acceptable music.
One powerful method for the ordinary Malaysian to earn passive income is MLM, or multi level marketing. Though there may be some objections to this system, none will be able to dispute the power of MLM or Direct Selling as it is sometimes known.
“I think network marketing is the best system for the average person, yes. I say again, if in the corporate world you don’t sell within the first months, you’re fired. In network marketing they’ll work with you to achieve. What a deal that is! They will work with you to become free. Isn’t that wonderful? That’s revolutionary.”
– Robert Kiyosaki, author Rich Dad Poor Dad
For any business to be sustainable and successful, it must first fill a need. The business must have a product or service that meets a compelling need in society. MLM is merely the distribution channel, though it is one of the most powerful distribution channels devised by man.
So to my fellow Malaysians who lack capital and are looking for ways and means to earn additional, part time or passive income, I would honestly and enthusiastically recommend MLM.
And first of all, for them to check and ensure that the product or service meets a compelling need in Malaysian society.
We do have such a product. A product that meets a screaming need of almost every Malaysian parent with school going children from Standard 1 – Form 3.
This opportunity is available to everyone no matter where they are in Malaysia. Be it, Selangor, Negeri Sembilan, Sabah, Sarawak, Perak or Johor or any other State in Malaysia.
The question is really this. Are you ready to take this opportunity?
Are you willing to invest the effort, hard work, commitment and dedication to take the plunge and build a river of passive income flowing into your bank accounts?
If your answer is yes, please email me with your details (Name, Town, HP Number, Best time for me to call you) to firstname.lastname@example.org