Business Strategies

Passive income is income that does not require your direct involvement. It comes while we are sleeping :). It is not actually too hard to get passive income. Here are a few easy ways to generate some passive income for you.
Create a squidoo lens
According to the squidoo” target=”_blank”>Official Squidoo Lens,
“We believe that when you go online, you don’t search. You don’t even find. Instead you are usually on a quest to just make sense…There ought to be a way for you to talk about what matters to you, what 10 things matter to you, without the pressure of keeping it up daily (like a blog); and you ought to be able to make some money if someone buys something because you recommended it.”
I created a lens in 30 minutes about how to write a memorable birthday message. It generated US$0.43 in February 2007. The latest earning is not yet updated. Create your lens now by clicking here.
Create a commercial blog
There are countless ways to monetize a blog. When you monetize your blog, it becomes acommercial blog. To start blogging, register your own free blog at wordpress.com orblogger.com. However, monetizing from a free hosted blog is not that easy. I help people to host their commercial blog at my hosting plan too. Contact me if you are serious.
The easiest way to monetize a blog is using Google Adsense. Click the icon below to get started

Subscribe to Icapital.biz and buy the KLSE shares recommended
The current offer is RM199/year per subscription. It used to be RM99/year only before year 2007. I started my subscription in March 2006. I bought the shares recommended after reading the detail report written by their experienced financial analysts. My stock investment portfolio is doing pretty well all these time since the subscription. I have the peace of mind while investingin shares market.
Write a commercial pop song
This advice is only for those who are talented song writers. Refer my previous post aboutpassive income for song writers: Earning passive royalty income from song writing
Increase your saving rate
You can save in Fixed Deposit, unit trusts, investment-linked fund, endowment plan or even a normal bank saving account. The more you save, the more interest you get. This is simple but yet ignored by most people for so long!
Join Multi-level-marketing
You know what I am talking about here. I believe that most probably you have heard of all kind of MLM programs more than I do. The easiest way is to join an MLM system which doesn’t require you to do sales or recruiting. I join ecosway. I don’t do any recruiting. All I did is using their ecosway credit card for my daily expenses and join their shopper program.
Becoming a financial product consultant
An insurance agent gets commission every year when a customer renews his policy. A unit trust agent will get residual income for his clients who practice Ringgit or Dollar Cost Averaging. If you are serious to know more, contact me for more details. Some basic requirements apply.
Buy-to-let
Buying a residential or commercial property and rent it to trustworthy tenants. Real estate investing isn’t for everybody, but it’s an industry that has attracted many successful and unsuccessful people. Educated or not, investors can be found in all ages and backgrounds but it seems that the only surety to success is found with experience.
Create an information product and sell it online 
People are hunting for information all the time through the internet. If you know some special “know-how”, write an e-book and sell it online. You can sell it at ebay or lelong.
Participate in money game or Pyramid program
Personally, I don’t participate in this kind of program. The main reason is that I don’t want to earn other’s money without value added to them. There will be a saturation point where the lowest rank participant will be “sacrificed” and the program collapsed. If you are fine with that, maybe it is your cup of tea.

Reference:
Passive income
Web 2.0 Burnout?
Online Passive Income Dreams - Goals All Bloggers Should Have.
Do You Have What it Takes to Become a ‘Rich Dad?’
Boost up your adsense income by referral program
8 Ways To Earn Passive Income Online

Probably the most common source of income for bloggers is Google Adsense. Adsense is basically a program from Google that enables advertisement to appear on a web publisher’s page. You can earn a lot of income from this endeavor when your website receives a lot of traffic. The basic concept about the Adsense program is that you earn for every click that the advertisement that is published on your blog receives.

Adsense is a very good program because Google has an extensive network of advertisers that can fit most of the categories that are found in blogs throughout the world. It is no wonder then that a lot of bloggers focus their attention to how to improve their Adsense revenue and generate a larger source of income from this endeavor.

There are several effective methods on how you can improve your Adsense income but using section targeting is especially recommended. All you have to do is to add several tags to your code so that the advertisements will be properly integrated to the blog and the entire content will appear smooth and seamless. Another way to increase your Adsense income is through increasing the keyword density on your web page. But note that you should also improve the quality of your content while increasing the keyword density because this will ensure that your visitors will remain loyal to your site. Your site should remain relevant to your visitors by letting them have the kind of information they need.

If you are serious about making money from Adsense then you should also look into the appearance of the ads itself. Google actually gives you several options on how you want to ads to appear on your blog or website. You should choose the color and size that will suit your site perfectly. However, you should not be afraid to experiment with different styles until you are satisfied with the outcome. In addition, the position of the advertisement on your site is an important consideration. So you need to think about where to position these ads including the banners and text links so that you will have the best possible result. It is recommended that you place the Google ads where your visitors will most likely linger because it is highly likely that they will click on the links and the ads in this scenario.

Focusing your attention on the different search engine optimization methods is also recommended. This is because this strategy will enable you to have more visitors for your site. Getting more traffic to your website will surely increase your Adsense income because there is a greater probability that people will click on your ads. You should note that there are many search engine optimization methods that can work but you need to choose the method that is most suited for your website. Overall, increasing your Adsense income is not really difficult but the challenge lies in understanding your visitors and meeting their needs.

As you may already know, Google Adsense is an online contextual advertising network which allows you to have the ability to retrieve a small code from the Google Adsense website and inserting it into your websites so that you can start earning money with your websites. Webmasters all over the net are making a range from $0.01-$100,000+ a month through this ad network and you can start too! What varies in the amount of money that you earn is the amount of visitors, page views, and the amount of clicks you receive from these visitors. This ad network can start your site in earning money in its full potential.

Benefits of Adsense:
You will be sure to be able to find many different type of contextual ad networks out in the web but you sure will not find any which are good as Adsense. You may find a couple but I’m not guaranteeing you hat you will find too many of these kind of sites that are actually as good as Adsense. Adsense provides clean and professional ads on your site so you can rest assure that you are not sending any pop ups or viruses to you’re visitor’s computers or anything in that sort. You will also find out that your ads runs about the same speed with our without the Adsense ads. If you use other ad networks which are out on the web, then you may end up experiencing a slower page load on your site. Don’t expect this with Adsense, maybe for a few minutes but not constantly.

I have tested out switching from Adsense to a couple of other ad networks just to see what kind of difference I found and the results were very interesting. Smaller ad networks will try to convince you to join by providing a few features such as low payouts but are they as reliable as Adsense?. The answer is simply ‘No!’. I’ve noticed when I switched to these other ad networks, which many sites currently uses, is that the click-through rate (CTR) decreased by a lot and the earnings were far much less than what Adsense pays. The possible reasons can possibly be the network’s ads are poorer which gives the visitors a less chance of clicking the ad or even a possibility of the ads not showing up for every user because of how long it takes to load. These are some things that you may notice with other ad networks when switching away from Adsense.

Adsense Payouts:
To the webmasters with sites that are not receiving a lot of visitors or even a good and solid amount of visitors, the payout part of Adsense may be the most frustrating part in this ad network. The payout is sometimes why many webmasters prefer to use other ad networks because they are simply not patient with their earnings. Adsense has now enabled the use of allowing you to insert other ad networks ads to your site along with theirs when simply making a difference with both ads so that they do not look the same. Google Adsense pays their publishers on a net-30 basis so this means that what ever you earn for a whole month will be sent to you on the last day of that following month. The minimum amount you must have earn is $100 to be able to get paid. If not, then your earnings will be rolled over to the next month until you do receive the minimum earnings of $100. If you had earned a total earnings of $100 on March 30, then you would receive your payment on April 30th. If you are a webmaster that owns a small website and it takes several months to obtain $100 and you are patient, you will find out that it’s better receive payment in large funds instead of small funds so this is why I believe the payout in Adsense is great but a few other users may think the opposite.

Adsense doesn’t provide as much as payment methods that everyone would it expect it to do but the payment methods that it does use is quite great in a way. Adsense only pays it’s users through check or Electronics Funds Transfer (EFT). If you are not able to receive payment through these methods, then most likely you will not be able to use Adsense. You must be the age of 18 or older to also use Adsense. If your not, then your parents must sign up for you and payments would be sent to them and your parents would give you it.

Overall:
For the overall, Google Adsense can be the best way to earn money through your site. It’s more efficient and reliable. Visitors can directly advertise on your site through Adsense also using the Advertise on this site feature that can be enabled with your ads that you place on your websites. Using Adsense is completely free, so why not try it today? What’s there to loose?

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The Doubling Down Forex Trading Strategy

This article is to discuss using mathematical probabilities to your advantage in a successful forex trading system. I’ll try to make it simple to explain.

If you have a trading system that utilizes a 100 pip target (TP) and 100 pip stop loss (SL), it should have a 50/50 chance of winning if trades are entered at random over time. It’d be like flipping a coin. The TP and SL would have to be adjusted since you are closer to the SL as soon as you enter a trade. But let’s keep it simple theory for now.

If we enter a trade that is equidistant from the SL and TP then there should be a 50% chance of being correct. I will then assume that by actually looking at the general trend or market activities of a currency that we can give us a system that is more than 50% successful or at least 50% successful if my first assumption was incorrect.
The probabilities haven’t come into play yet though. I’m asking now what are the chances of a 50% correct currency trading system having consecutive losers?

If I remember correctly from college we have a 50/50 chance on each trade to be right and wrong when we view them as independent events.

When we try to find the probability of having 5 losing trades in a row, however, the chance of that happening is then:

.5 X .5 X .5 X .5 X .5 = .03125 or 3.125%.

Doesn’t happen too often, although still very possible.

If our trading system is successful 60% of the time due to our simple chart reading predictions then the chance of having 5 losers would be 40%^5th power.

.4 X .4 X .4 X .4 X .4 = .010124 or 1.0124%.

Still possible, although with some discretion we’ve effectively lowered the risk of losing 5 times in a row by a factor of 3.

The doubling down forex trading strategy when trading a 50% correct system.

After each losing trade, double up on the next trade to cover the losses of the losing trade when you win this one. With a SL and TP that give us equal gains versus losses, doubling up on the winners allows us to cover the losses on the losers and still profit on the winning trade. So it would make it seem as if you had never taken the bad trade at all.

Here are the probabilities of getting x amount of losers in a row in a 50% trading system:

2- .25 or 25%
3-.125 or 12.5%
4-.0625 or 6.25%
5- .03125 or 3.125%
6- .015625 or 1.5625%
7-.0078125 or .78125%
8- .00390625 or .390625%
9- .001953125 or .1953125%
10 - A really small number

Basically, this means out of 1000 forex trades you can expect to lose 9 times in a row 1.9 times. If your system hasn’t provided enough profit after 1000 trades to survive that then you’re having the wrong forex system.

Now let’s see what doubling up would require. Our value is 1 for your typical lot size per trade.

To double up on consecutive losing trades to get to the next you would need to risk:

1 - 2 - 4 - 8 - 16 - 32 - 64 - 128 - 256 - 512…etc

As you can see, lot size adds up very quickly and it would be very unwise to trade 1 mini lot on a typical trade unless you have very high leverage as well as a large forex trading account.

This type of system is not martingale because it doesn’t require you continue to fight with a losing trade. It’s not pyramiding because you’re not adding to trades when you’re winning. It’s more of the opposite.

In fact it would be very unwise to trade with the pyramid strategy for winning trades, because as my numbers above show, the next consecutive winner, just like consecutive losers, is very unlikely and you’re probably going to wipe away a lot of your profits when that losing trade hits.

Money management

The doubling down strategy. With a risk:reward of 1:1 the system is very possible to use if you use very strict money management and understand that in the beginning money will be coming slowly, but it will be coming consistently.

The strategy makes it seem as if there were no losing trades, remember?

This is a law of large numbers system that requires you to be in the game for the long haul and not to make a quick buck to buy holiday gifts.

Is doubling down is risky?

Doubling down is risky but does it mean someone with a $10,000 account can’t institute this system when playing with pips valued at 1 cent and high leverage? They’d be able to afford to increase their lot size by 1028 times to make each pip worth $10.28. To get to 1028 their normal trading size would require 11 losing trades in a row. Imagine how unlikely that is.

Summary

The doubling down forex trading strategy is based on equal profits and losses and market randomness, however, the forex market is not random when we look at it in hindsight and know what tool to apply to see why it jumped 50 pips.

Was it crossing the RSI, breaking through a previous resistance area, hitting a bottom channel? What tools the market follows are not constant and in that I claim the market is random. Why was this month a 15 year high on gbp/usd? How did it break through every previous resistance level in the past 14 years to get where its at now?

That is exactly what my idea for the doubling system is about. I’m not here to predict every nook and cranny, retrace, peak, or valley. I’m trying to play the probable scenarios to bring in probable profits. Probability says a random, or even discretionary system is severely unlikely to lose 11 times in a row.