Opportunity Knocking

Sunday, May 9, 2010

Option Income System

Option Income System is a interesting business opportunity.

I use it myself and it generates approximately $2,500 per month for me, and it is very close to residual income, as I only spend 15 minutes per day trading in the evening.

Upfront, I invested approximately $1,800. I then spent 15 minutes per day trading for the next 8 months. After 8 months, I had built up trading capital of $10,000.

Because the course taught me how to earn a 25% monthly return, today, I take out $2,500 per month in profits, trading for 15 minutes each trading day. I only make about 5 trades per month, and this trading is done after the market is closed so it is nothing like day trading.

I learned how to treat stock options as a business, not as a casino bet. I learned how to manage my options investments entirely based on the numbers and learned not to care about which direction the market was going.

This opportunity is predicated on the basic fact that about 90% of all the people who buy options lose money. Someone makes that money, and in fact, it is the people who sell options. So, like any other business, you sell something other's want and need, and you make a profit by knowing which options to sell and managing your risk.

The author is a very good teacher, who started out as a retail investor and figured out how to consistently make a monthly income by selling stock options. He is not a floor trader or any other type of financial professional. In other words, he has no particular advantage over you and me, except for the knowledge that he imparts in his course.

The most fundamental knowledge this course teaches is that you can make money in the market without predicting whether the market will go up or down. And you can manage options like a business, to make a consistent income independent of market direction.

This course teaches you how to make adjustments to your position when the market moves against you. It is this ability to make adjustments, which enable this high level of return. I personally had ever seen anything about how to make these adjustments in any other financial book or course.

This is not a get rich quick scheme, and it does not promise you will make millions. This is a legitimate business opportunity, where you learn to treat stock options as a business. This course teaches you how to generate a consistent 25% per month trading options.


Initial Investment: $1,800
Ongoing Investment in Money: $0/month

Initial Investment in Time: 64 hours (10 months)
  • Get/Learn the Option Income System: 8.0 hours
  • Open an Option Trading Account at Think or Swim: 1 hour
  • Paper Trade until comfortable: 5 hours (20 trading days at the rate of 15 minutes per day)
  • Trade Initial Investment Until reaching $10,000 in trading capital: 50 hours (200 trading days at the rate of 15 minutes per day)
Ongoing Investment in Money: $0

Reasons to Invest in or Not Invest in This Opportunity:

Pro:
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  • Ability to generate a job replacement income over time (as your capital increases)
  • No requirement for physical inventory
  • No requirement for customer support
  • No requirement for sales of any kind
  • No requirement to learn most forms of investment
  • Don't have to predict which way the market will go

Con:
---
  • This requires a significant investment of $1,800.
  • This takes about 62 hours of time (11 months of time, although this could have taken only 1 month if I had started with $10,000 in capital)
  • This program requires an ability to manage financial risk
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My Profit Site

My Profit Site is a interesting residual income internet marketing opportunity.

I use it myself and it generates approximately $9,000 per month ($300 per day) in profit. I am told that this is the average amount of profit earned by 90% of the people who have committed to this program.

I do invest $100 per day and 1 hour per day, so this is not a pure HANDS-OFF BUSINESS.

Upfront, I invested approximately $200 and 40 hours of time. Some of the 40 hours was not specifically for My Profit Site because I was learning Internet Marketing (through Pay Per Click) which I use on other businesses as well.

I did not have to learn anything about creating websites or any aspect of internet marketing, except how to use Pay Per Click through AdWords (something I learned from the the My Profit Site course).

This opportunity is predicated on the basic fact that millions of people search on the internet every day looking for information. Many of these users end up buying eBooks on various topics. The vendors who create these eBooks will pay commissions to you if you can send them these users.

My Profit Site has provided a simple way for you to tap into those user searches and to recommend specific eBooks for those users to go buy. The power of My Profit Site is that they have put everything together so you do not have to know a thing about creating websites, optimizing websites for searches, figuring out which eBooks to recommend, creating referral relationships with those eBook vendors, or just about anything else.

What you do need to do is be prepared to invest your money in Google and Yahoo's Pay Per Click Programs. My Profit Site provides strong guidance on how to create and buy text ads but you will be creating those text ads and then buying them.

Basically, you will invest in Pay Per Click Ads which a high return on investment. Per My Profit Sites statistics, 90% of their members are investing an average of $100 per day in Pay Per Click Ads and producing $300 per day in profit. In other words, they are generating a 4x return, getting back $4 for every $1 invested.

This is not a get rich quick scheme, but it does enable you to produce a full time income if you are willing to invest in producing that income through pay per click advertising.

This is a legitimate business opportunity which fills a real need that many people have, ie, to get information on a specific topic.


Initial Investment: $160
  • My Profit Site: $50
  • NameCheap Domain Name Registration $10
  • Google and Yahoo Ad Words: $100
Ongoing Investment in Money: $100/day
  • My Profit Site: $0/month
  • Marketing: Google and Yahoo Adwords: $100/day
  • GoDaddy Website Hosting: $10/month
Initial Investment in Time: 40 hours
Ongoing Investment in Time: 1 hour/day (to optimize my Pay Per Click spending)

Reasons to Invest in or Not Invest in This Opportunity:

Pro:
----
  • Can replace a full time income with $9,000 per month in average profit.
  • Low Initial Investment of $200 and 40 hours
  • The information products being promoted ares not a scam. You can be proud of them.
  • There is a strong need for these information products.
  • The business opportunity is legitimate and does not overhype anything.
  • You don't need to know anything about internet marketing or creating a website
  • You will only need to learn about Pay Per Click Marketing, which is explained in the My Profit Site Course.

Con:
---
  • This will require significant ongoing investment ($100/day or $3,000 per month)
  • You will need to get comfortable with investing money to produce a profit

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Acme People Search

Acme People Search is a interesting residual income internet marketing opportunity.

I use it myself and it generates approximately $2,000 per month for me in pure residual income, which means it is a HANDS-OFF BUSINESS.

Upfront, I invested approximately $100 and 40 hours of time. Some of the 40 hours was not specifically for Acme People Search because I was learning Internet Marketing (through videos) which I use on other businesses as well.

I did not have to learn anything about creating websites or any aspect of internet marketing, except how to use video as a marketing tool (something I learned from the course described below).

On an ongoing basis, I invest $40/month and ZERO TIME.

This opportunity is predicated on the basic fact that about 30% of all searches on Google are people related. People are searching for people they have lost touch with such as past classmates, girlfriends, relatives, etc. People also want to know more about the people they come into contact with.

Here are some of the things people need information on:

  • Locate a missing relative who is no long in touch
  • Get in touch again with a long lost classmate
  • Hook up again with a long ago girlfriend
  • Check on a new prospective boyfriend's criminal record
  • Figure out who keeps calling and not leaving their name
  • Locate a husband who is not paying alimony or child support
  • Figure out if the creepy new neighbor is a registered sex offender.
Acme People Search has created a free to use search engine with a very extensive database that can locate a person's address, phone number, and photo. In addition, Acme has made referral marketing arrangements with a large number of information provides that provide additional information on people such as background checks, reverse phone number lookups, social security lookups, etc. These additional information providers consolidate information from a variety of governmental data sources and charge a small amount for people to subscribe. If you sign up with Acme People Search, you will get your own copy of this search engine, branded under your name and hosted on your domain. In addition, as users use this search engine, if they sign up with one of the additional information services you will get a commission.

Basically, if you publicize this search engine, you will make commissions.

This is not a get rich quick scheme, and it does not promise you will make millions. This is a legitimate business opportunity which fills a real need that many people have, to get information about other people.


Initial Investment: $107
  • Acme People Search: $0
  • GDI Domain Name Registration $10
  • CamStudio Video Creation Software (Free)
  • Zoho Show (Free. I use PowerPoint which I already had)
  • Windows Live Movie Maker (Free if you already have a PC)
  • Video Marketing Explosion Course ($97. Good helpful course on creating and posting videos to market a website)
Ongoing Investment in Money: $30-$40/month
  • Acme People Search: $30/month
  • Marketing: Post Videos on YouTube and other video sharing sites (Free)
  • Website Hosting: GDI $10/month
Initial Investment in Time: 40 hours
Ongoing Investment in Time: 0
(You can choose to continue to market using a variety of tools to increase your income, driving traffic to your people search engine and to Acme's income opportunity. However, this is certainly not required and you will get a reasonable part time income without doing that).

Reasons to Invest in or Not Invest in This Opportunity:

Pro:
----
  • Low Initial Investment: $10 and 40 hours
  • Low Ongoing Investment: $40/month and 0 hours
  • The information product being promoted is not a scam. You can be proud of it.
  • There is a strong need for this type of information product.
  • The business opportunity is legitimate and does not overhype anything.
  • You don't need to know anything about internet marketing or creating a website
  • You will only need to learn about video marketing, which is all explained in the Video Marketing Explosion course

Con:
---
  • This will not replace a full time income.
  • You will never get filthy rich on this opportunity.


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Fear

Winston Churchill said that "we have nothing to fear but fear itself..."

I don't know if that is quite true, but it captures the feelings I went through as I transitioned from a highly paid wage slave to a highly paid but completely free work at home individual.

I have a wife and daughter, a large mortgage, and the usual other myriad bills to pay. I was highly paid at a prestigious corporate F500 job, but never home, travelling over 50% of the time. I had also worked at a number of technology startups and found the 80 hour workweeks grueling. I wanted out, but did not know how to continue paying my bills.

I explored countless work at home business opportunities, spending massive amounts of money and time. Most were worthless, but I also learned that you get out of it what you put into it. I found some of the opportunities were worthwhile, and if I commmitted myself and invested time and energy, I could generate signficant residual income.

Through a few of the income generating opportunities, I eventually made the transition, to fully supporting myself on residual income. This process took several years, and I would have loved to get a helping hand, that warned me that which income generating opportunities are scams, and which were not.

This blog, will explore various income generating opportunities, and recommend opportunities that are truly worthwhile. I will point out the pros as well as the cons of each opportunity. Hopefully, this information will help you make a better decision before investing your hard won money, time, and energy.

I am rooting for your succes, and I know you can be successful as I was.

Martin

P.S. In the spirit of practicing what I preach and eating my own dog food, I generate some of my own income through the income opportunities that I review. Some of the links for some of my recommendations will award me with a commission if you sign up for them. Please be very clear that I do not recommend any programs that I do not 100% believe in, and I do not recommend any money making opportunities based on the commissions they pay. As I am sure you can work out, if you sign up for any of these programs, they will reward you in the exact same manner.
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