Seven Good Reasons You Should Create Residual Income

Do you ever use the keyword creating residual income ? Know what kinds of people might do a search on that term? Comparatively few have ever even heard of it. Probably hundreds of thousands of people have looked at it, maybe even have dealt with it in one way or another. But many pass it by without really being aware of it and then continue on to other matters that interest them more at that moment…

So what is the truth right here? Exactly what exactly is creating residual income ? Why really should everyone care?

Let’s evaluate seven good reasons why you need to know much more about creating residual income, just to find out if any of them fit you or anybody you know.

First, Once created, residual income means just that. It’s residual.. OK I can surely understand your position that creating residual income always seems so difficult and time consuming. And yes, that can be a valid observation. But take a look at it from this perspective, You build it once, build it right and get paid forever for those initial efforts.. Furthermore, think of this,long after you’re tired of trading hours for dollars your re-occurring income is still ticking over. Appearing as part of your banking account even if you are sleeping.

Second, There’s no certainty in the workplace today The reason for that may perhaps be The recent global financial meltdown.

Third, Commuting and driving in peak traffic is a nightmare..

Fourth, You can work from home.

Fifth, You can actually spend quality time with your family.

Sixth, You may make money even when you’re on holiday. The truth is,an individual can holiday anytime you need..

Seventh, If you are trading hours for dollars your only option for further income is to trade much more hours and have even less leisure time!

As soon as you have looked at and evaluated all of the factors, you’ll be able to find out for your self whether or not a convincing case might be made in favor of one’s realizing a lot more about creating residual income.

Just maintain an open mind and think about the reasons. Maybe you really ought to know more about creating residual income.

Creating residual income doesn’t have to be complicated, time consuming or expensive. Discover more about how to create Residual Income by visiting my website freshobjectives.com

Viral Marketing – Why is it a Powerful Advertising Tool?

Viral Marketing – Why is it a Powerful Advertising Tool?

Viral marketing is the new marketing and advertising trend right now, especially in the online scene. It takes advantage of the internet’s network effect to be able to reach a great number of people in such a short time.

Benefits of Viral Marketing

Viral marketing strategies offer several advantages to businesses.

- Easy to execute. There are several methods of sending viral contents or messages and all of them are easy to do. Among those methods are sending email, instant messaging, and using web sites. Sending viral messages through these media will not take much effort and time.

- Low-cost. As compared to sending direct mails, viral marketing proves to be cheaper and a more cost-effective method. With just a little investment on viral advertising, its power can reach even hundreds of thousands of people as compared to spending the same amount of money to traditional advertising methods. That is because the only money to spend is for sending the initial set of viral contents, then forwarding or replicating the message will not require additional costs anymore.

- Good targeting. With viral marketing, there is a huge probability that the message will reach people that are interested in it. Since the concept of viral marketing is essentially passing on a message from a user to another person, most likely, the user will pass it to a person whom he knows will be interested in it. Thus, the percentage of wasted advertising, which is sending the message to the wrong market, will be reduced.

- High and rapid response rate. Since viral marketing reaches a good number of the business’ target market, there is also a big possibility to have a high turnover ratio. Even if the responses will not immediately convert into profits, there will still be huge traffic that the business will receive which is what most web owners want.

These are indeed great benefits a business can get by adopting this marketing technique. But what really makes it more powerful than other marketing or advertising strategies?

Let us take the example of Hotmail, where this viral marketing term really started. Hotmail was able to spread over the internet at an amazing rate. It is like an epidemic that quickly spreads out to others once there is a single person infected by the virus. That is why this technique was named as such.

According to Hotmail’s statistics, its number of subscribers grew from zero to twelve million users in just 18 months. Imagine that! What’s more amazing is that the company spent just $50,000 on advertising to achieve that number of subscribers. Compare that to Juno which spent $20 million on traditional advertising during the same time period as Hotmail but got much less output.

With those facts about Hotmail, viral marketing’s main strength is indeed reaching a huge number of the target market at a considerably low cost. Hotmail did not even have marketing or advertising presence in most countries outside the United States but it got to be the major email service provider in these places like India and Sweden.

What adds more power to viral marketing is the fact that the viral message passed on is like an endorsement from a friend or somebody who can be trusted. People have this way of thinking that “if my friend uses this product and is happy about it, what stops me from using it as well?”

In Hotmail’s case, when those people who received an email from their friends, relatives, or colleagues using Hotmail learned that it works and their friend is a user, they quickly signed up and became members as well. These people wanted to belong in this group where their friends are also in. This technique is also a matter of association or affiliation.

Viral marketing is indeed one powerful tool to increase popularity of a product or service. However, just like any other things, proper use of the technique is necessary. A single mistake of misuse of it may mean permanent damage to the product or service being promoted.

What’s Happened in Social Media Over the Year

As we did last year, we have gone back through our archives and picked out some of the most noteworthy social media items we have covered since 2009 began. Now that 2009 is almost over, it was worth going  back and seeing what all has happened.

If you come across missing items, please feel free to share them in the comments.

January

In January, Twitter announced that it hired Kevin Thau as Director of Mobile Business Development, and that he would be working on a variety of different fronts as Twitter’s "first official business development guru." LinkedIn introduced a new Polls feature, and launched a bookmarklet for IE. MySpace Music made deals with Nettwerk Music Group, INgrooves, IRIS Distribution, and RoyaltyShare to bolster its catalog by hundreds of thousands of songs. YouTube expanded its e-commerce platform and started letting people delete their own comments. Digg launched the "People who Dugg this also Dugg" feature.

February

In February, LinkedIn launched a set of HR Tools and launched a German version. MySpace launched a mobile redesign, and Digg updated its algorithm. Facebook introduced polling ads, changed its terms of service, made some design changes to profile pages for businesses, opened its corporate blog to comments, introduced the comments box widget, and launched the "like" button. Google introduced the Social Bar and launched Friend Connect integration with Blogger.

March

In March, Twitter brought its search box to most people’s Twitter home page, and changed the "replies" tab to the "@username" tab. Twitter also adjusted the title tags for member pages. Where they used to go "Twitter / username" they would now go "User’s Real Name (username) on Twitter". Mahalo CEO Jason Calacanis offered to buy a spot on Twitter’s Suggested Users list.

Facebook launched a redesign, started including updates from Pages in the news feed, changed pages to operate like profiles, and changed the status box to the publisher box. They launched the ability to let users chat within apps, added ad spots to Pages, relaunched Facebook Marketplace to be powered by online classified service Oodle, launched Facebook Connect for the iPhone and iPod Touch, launched some new ad targeting options, and enabled Page owners to let people sign up to become fans via text message.

Google began implementing Portable Contacts, launched the Friend Connect API, blended user-generated content into search results on Google Maps, made Google Reader more social with commenting, allowed for richer Gmail messages, and started its own Twitter accounts.

YouTube changed the name of some video sections, LinkedIn did some redesigning of its own and enhanced Direct Ads, and MySpace was stamped on a credit card.

April

Google launched an event gadget for Google Friend Connect, the Digg-like "What’s Popular" gadget, and the "Get Answers" gadget for Friend Connect. Google also gave profiles vanity URLS and started putting profiles into search results.

Facebook made it easier to organize friends, opened its stream up to third-party developers, added electronic signatures for public pages, worked with the blind on accessibility, began making app recommendations, and readied its next steps in governance.

Twitter started integrating search into its interface more, and CNN showed that you can buy/sell a Twitter account. Scientists created a brain-Twitter interface.

StumbleUpon broke away from eBay and enhanced its "web stumbling." Digg launched the controversial DiggBar. Reddit launched a video site, AOL launched SocialThing, and Yahoo shifted its focus to social altogether. YouTube launched the beta version of YouTube RealTime. MySpace got some new management.

May

In May, Yahoo 360 went away, Digg dropped shouting, LinkedIn upped usability on the Action Bar, the Wall Street Journal gave its employees social media rules, and the Interactive Advertising Bureau released its social advertising best practices and social media ad metrics.

Google introduced Google Wave, launched a recommendation gadget for Friend Connect, launched comment translation for Friend Connect, and added more social features to Google Reader. Twitter launched full two-way SMS support for Telus, Virgin Moible, and Koodo Mobile, making it available on every major operator in Canda. Twitter also changed how users view replies.

Iran lifted its ban on Facebook, and Facebook rolled out real-time streams, announced an app directory overhaul, added pop-up notifications, and linked accounts with Gmail. YouTube launched a new way for brands to engage audiences, and began letting you log-in with your Google account.

June

In June, Facebook began offering keyword suggestions for advertisers, simplified the inbox, began letting users get friends’ updates via text message, and launched the Live Stream Box.

YouTube launched a page for movie trailers, FriendFeed added file sharing, LinkedIn got a new CEO and updated its search tool for recruiting, MySpace cut a big chunk of its staff, StumbleUpon launched a URL shortener, and Digg started showing Digg Ads.

July

In July, Google launched its Facebook page, MySpace launched its email service, and LinkedIn introduced custom profiles for companies. YouTube launched its 3D experiment, doubled the size limit of uploads, and gave users the ability to share YouTube Insights stats.

A Twitter documentary was announced, and Twitter itself gave businesses a new resource and started making hashtags link. Facebook addressed privacy and photo use for ads, gave businesses a way to increase their Facebook fans, and added the ability to create events from the publisher.

August

In August, Facebook was readying a new ads manager, made subtle changes to its design, announced plans for privacy improvement, started integrating directly with Twitter, launched its own real-time search, implemented restrictions on sponsored status updates, updated open stream APIs, acquired FriendFeed, and began letting developers sell physical merchandise for virtual currency.

Twitter quietly took a step toward security, and announced plans to launch a feature that makes the service location-aware. Izea launched "Sponsored Tweets," and Tweetmeme brought analytics to retweeting.

Google reader got more social features, YouTube placed more emphasis on search and launched its own AdSense-like promoted videos. Delicious showed off new features for sharing, search, and its homepage. StumbleUpon made some big changes to its toolbar.

September

In September, Google turned the whole web into an exclusive social network with SideWiki. Yahoo launched a new contacts API, Yahoo profiles became social media profiles, and the company launched the Twitter-like Yahoo Meme in English. Microsoft added MySpace activity updates to Windows Live, and Bing announced it was readying sharing features for search results.

A sick poll was discovered on and removed from Facebook, and Facebook announced its translation plans, and that it had roughly the same amount of people as the entire U.S. population. Facebook also added tagging from status updates, and launched Facebook Lite in the U.S. and India.

MySpace Music launched in Australia, and Myspace users started being able to sync updates with Twitter. LinkedIn made profile organization easier, a record label was launched for YouTube stars, and YouTube began readying a friend-finder feature.

Pizza Hut and other brands used Twitter to help feed the hungry, Digg made changes to its nofollow policy, the Washington Post’s leaked social media policy faced criticism, and real-time search engines Collecta and OneRiot launched APIs.

October

In October, Bing scored deals with Twitter and Facebook, while Google scored one with Twitter. Mozilla shared its plans for integrating social media and email into one inbox, and Twitter partnered with its first charity. LinkedIn announced that it surpassed 50 million users.

MySpace introduced new music features, StumbleUpon launched a new design with more of a search focus, YouTube got real-time search for comments, and the only known video footage of Anne Frank appeared on YouTube.

Facebook confirmed testing of a new design, made share buttons more useful, gave groups walls, tried harder to get page owners to verify, and presented new obstacles for application developers. They also launched the Create Application API.

November

In November, Google eased the retrieval of SideWiki entries for entire sites, Google Wave got a feature for following, and Google launched some new features for Google Friend Connect.

Facebook tested new design changes, and continued work on privacy changes. Facebook and Twitter both made their way into dictionaries and onto video game consoles.  Twitter made geotagging tweets possible, and talked about plans which would make its suggested usres list more like Twellow’s. Twitter also changed launched Twitter Lists, gave apps access to people search, rolled out the controversial retweet feature, and changed "What are you doing?" to "What’s Happening?".

LinkedIn opened up its platform to developers, Yahoo began showing tweets for news results, MySpace launched new music charts, Salesforce announced its "Facebook for the enterprise," YouTube connected news outlets with citizen reporters, PayPal launched new APIs to take over mobile and social apps, Microsoft launched a big redesign of MSN, Opera launched Opera Unite, Digg launched Digg Trends.

December

In December, Google, Facebook, and YouTube all got new URL shorteners. Twitter continued expansion into new languages, and announced plans for business features. Google launched real-time search in the search results.

LinkedIn began testing a new design, and launched faceted search, Facebook began giving translators awards, adjusted privacy controls, and formed a board for online safety, MySpace launched new APIs, upgraded users’ mobile experience, and acquired iMeem, Bing launched new maps with apps, and Yahoo deepened its integration with Facebook. Digg released a new version of its API. Also, the new FTC guidelines went into effect.

Wrapping Up

Of course, there has been much more that has happened over the year in social media. I think it might be close to impossible to cover every single thing. Were there things that happened that you think should have been included here? Add them in the comments. That will only serve to make the piece more comprehensive for future readers.