In this most recent issue of Personal Money (The Edge Magazine on Managing Your Finance), editor Celine Tan’s cover feature shows that there are practical ways to build up income streams so that you won’t always have to trade your time for money. This cover story features 6 ways to create Passive Income Streams and how to make money while you sleep. On page 66, it states that the lowest cost of all the 6 ways to start creating and maintaining a passive income stream is the one shown by Cheanu Chew—thru his trademark automated system, Passive Resources.

Read on for the full interview.

Full Interview with Personal Money editor, Celine Tan:

Celine: I’d like to have some introduction about you… How should I address you? And how old are you? And please tell me more about yourself.

Cheanu: My name is Cheanu Chew Kheng Yew—my friends address me as Cheanu. I’ll be 28 years ‘young’ this year. I was a financial auditor by profession. During my college years I was awarded The Star Education Fund Scholarship to pursue my ACCA course. I completed my ACCA course and graduated in 3 years. In 2001, I began my first financial auditing career in one of the top accounting firms in KL. The best-selling book “Rich Dad Poor Dad” by Robert Kiyosaki had a very great impact on my perception about my financial destiny—thus creating a turning point in my life. I left the financial auditing industry in 2003 and went on to acquire my skills in the corporate world, mainly in leadership and personal development and eventually pursue my dreams of financial independence.

Celine: My article for the August issue would be about generating passive income. It’s our cover story for the month. May I know how long have you been in the passive income-generating tool and how long does it take you to generate passive income?

Cheanu: I’ve been involved in network marketing with a clear intention of not only creating a source of passive income for myself, my family and my next generations, but to also help many others to achieve their dreams along the way. I started my own business with 4Life Research in 2005. It took me 3 months to start enjoying some passive income. Since then I’ve never turned back and went forward to create more passive income with 4Life Research. Today, I’m a public speaker, author, business entrepreneur as well as a personal development coach. I’m enjoying every single minute of my day now, working in the comfort of my home.

Celine: What is the cost or investment needed before it becomes a passive income-generating tool (in money terms and time)?

Cheanu: The amount of time needed to start generating passive income would be very much depending on your own commitment and effort. I’ve seen people generating passive income as soon as 2-3 months from starting their businesses. During this period, the cost in money terms would mainly be your phone charges, transportation costs and some food & beverages expenses as you will be contacting and meeting up with people.

Celine: What should they know before they embarked in investing in tools that could provide passive income?

Cheanu: Before anyone embarked in starting their own network marketing business, they should do some preliminary researches on the background of the company, the products or services the company is carrying and its marketing plan. Nowadays, information can be easily obtained over the Internet; and because of that, we need to be aware of the source of such information. One more thing that I personally look for besides the company, products and the marketing plan, is the support system. This is particularly important as the key to success in network marketing is the ability to duplicate your work easily. I have founded Platinum Networkers, an international team of profesionnal entrepreneurs dedicated to empowering ordinary people to become inspirational leaders. Our team is well known for its strong duplicable system. It is because of such a strong support system that works both online & offline, that I’m able to enjoy passive income faster and have my business cross over to other parts of the world without having to be physically travelling places. In fact, we’ve developed an automated system that supports our people to enable them to achieve greater height faster and easier.

Celine: What are the main sources of income and expense?

Cheanu: In the long-run, the main source of income from network marketing doesn’t come from the sales of products or services you’re involved in. Initially, you may earn only from your personal sales before you secured a source of passive income. But there’s only so much you can sell in a day. By duplicating yourself in terms of your skills and leadership, you will be building a network of distributors as well as consumers in your organization. Eventually, the overriding commissions earned from this network will eventually form the main part of your income. The main source of expenses, however, would remain the same as they would mainly be your phone charges, transportation costs and some food & beverages expenses.

Celine: How to maximize the best returns?

Cheanu: The only way to maximize the best return is hard work. Follow the advices of your successful upline leaders and put into actions what you’ve learned from them. Treat this as your own business, because it is. Never get lazy just because you’re not reporting to anyone and you get to control your working time and the pace of your own progress. If your support system comes with a tool that helps you promote the business automatically, sort out interested prospects and capture their contact details, don’t hesitate to use it. This kind of tool could generate income for you faster than you could personally.

Celine: What is the maintenance works needed?

Cheanu: As network marketing is well known for its low cost of operation, there’s not much maintenance works needed. Anyone can join a network marketing company and start building the business. Perhaps the only maintenance works needed are self-improvement and personal development. Although anyone can start a network marketing business, not everyone can succeed big time in network marketing. One needs to have a strong personality and mindset, which comes with a right attitude, to achieve great success in network marketing. Most companies and support teams will have their own self-improvement and personal development trainings that you can attend periodically.

Celine: What are the risks involved?

Cheanu: The risk of venturing into a network marketing business would be the lowest as compared to any types of conventional businesses as we don’t need to pay for rental expenses, salaries, EPF contributions, logistics and product deliveries. The financial risks involved would depend on the network marketing company you venture into. As for me, the risk involved in the network marketing business I’m involved in is only the cost of 2 product items and a business kit, which totaled less than RM540. Some companies require large bulk purchases of their products for you to join. For such companies, the risks involved would be the high financial risks if you fail to build a source of passive income from this venture. One acid test is to determine if the products are “easy to buy but hard to sell”. If they are, then the risk would be higher if a large bulk purchase is required.

Celine: How to handle hassles from such work? What are the skills needed?

Cheanu: To succeed in network marketing, you need to have very good leadership & people skills, as we’re dealing with people and helping them achieve their dreams in the long-run. However, the beauty of network marketing is that you don’t need to learn everything before you can start building a business that lasts. If your support team is strong and experienced, they will be able to guide you along step-by-step and have you learn the skills while earning at the same time. I personally mentor my people along when they started their business and then coach them personally to identify their strengths and weaknesses so they can learn about themselves and improve themselves progressively. If you join a team who leads with their hearts, then you should be fine.

Celine: You mentioned that your team has developed an automated system to support your people. Is there a cost to this?

Cheanu: We’ve developed an automated system that runs online for us, and it costs only RM15 per month as cost to the web host. We don’t charge for our support, as we believe in building people by giving them full support to enable them to achieve greater height faster and easier. You can take a look at how it works at Passive Resources.

Celine: How to identify opportunities?

Cheanu: Opportunities are everywhere, and can only be seen by those who are open-minded and ready to embrace them. Everything has changed nowadays as compared to 30 years ago. If our mindset is still stuck in the 1970’s then we would not be able to identify opportunities that come around in the 2000’s. Network marketing has evolved throughout the past 30 years. Some people still have an old-fashioned mindset and relate network marketing to direct-selling or MLM and that it’s meant for only housewives or people with no education and experience. If you research on the industry itself, you’ll be surprised to find that many leading Fortune 500 companies in the world today are embracing network marketing as a sound business model. Many professionals, like me, are passionately involved in network marketing today.

Celine: How to research the market?

Cheanu: The best way to research the market is to determine what the fastest growing trend is. The fastest growing trend today is the Internet. But the Internet is just a gigantic marketplace that sells everything under the sun. So we need to identify which product is the highest in demand. According to Paul Zane Pilzer, the health and wellness industry will exceed the one trillion dollar mark within the next few years (Paul Zane Pilzer was the advisor to two past US Presidents and won the Nobel Prize for Economics). As you might know, the baby boomers are those who were born between the year 1946 and 1964. They form 1/3 of our world. Every 18 seconds, someone turns 54 years old. What do they need? They need to look and feel younger, healthier and more vibrant. So the next biggest trend is something that can fill their needs. The health and wellness industry is the next biggest boom. If you could combine the Internet and the health and wellness industry, you’re tapping into the next trillion dollar industry.

Celine: How to know if a tool is going to provide passive income?

Cheanu: To find out if a network marketing business model is going to provide passive income, do your own calculations according to the marketing plan. If the main source of income comes from selling of products or services or from sponsoring new downlines, then it is not entirely passive. Some companies sell one-off items with very low repeat sales, therefore the distributors need to keep looking for new customers or keep sponsoring new downlines in order to maintain their income. Look for companies that carry consumable products, with repeat orders at least once a month. On the other hand, the product must be unique and effective so that customers will keep repeating their orders without being asked. Besides being unique and effective, one key point to note here is if the company has a worldwide patent for its unique product. If yes, then the passive income source would be almost guaranteed. If the product has a strong science base and an extensive independent researches being done on it, then it should be safe.

Celine: How to not fall onto unrealistic promises?

Cheanu: Beware of unrealistic claims by over-enthusiastic distributors. Some tend to over-exaggerate their income claims or product claims in order to convince others into joining the business. Do your own due diligence. Research for yourself (but don’t over-analyze) the background of the company, the science behind the products, the marketing plan (if it’s workable) and the support team you will be attached to. Calculate for yourself after understanding how the marketing plan pays, how much earnings you will make based on your expected, realistic effort. Never compare your own progress with others. Everyone will earn at a different level depending on their skills, effort and commitment.

Celine: Cheanu, thanks for sharing your experiences and knowledge on this issue. The magazine is out and should be at major newsstands by end of July.

Cheanu: Thank you for your time. It is a pleasure meeting up with you today. I deeply enjoyed our conversation. I hope you do as well.

For more information on how you can join Cheanu’s team, take a look at www.myunlimitedincome.com and take your free test drive. Everything will be presented to you, with pictures and explanations along the way.

Plug your business in to this trademark automated system that ensures that you will not be involved in personal sales or direct distribution of products like you would do with any MLM/direct-selling businesses. You will be attached to a comprehensive automated system that will take care of the distribution and even presentation of the products. In fact, I’ve never sold anything to achieve success and retire at age 25 with passive income. I didn’t even need to deliver anything for that matter. My business has gone to various parts of the world even without me being physically there to expand my business. So if this business requires personal sales or direct distribution of products, that wouldn’t have happened. All you need to do is to build relationship and cultivate your leadership skill along the way with your people. Of course, trainings are provided online too.

Plug in to an existing, proven system today. Learn about my Simple Success System & Strategies that will allow you to have Continuous Income and Cashflows for Life… Guaranteed!

www.myunlimitedincome.com

Be different. Be respected.
Be a Platinum Networker.

Further reading

• Truth About Network Marketing
• 5 Crucial Factors In Choosing A Network Marketing Program
• How To Automate Your Income
• I Need An Income Source That Outlives Me!
• Do You Have The Power To Own Your Own Life?

“How did you retire at age 25?” Many of my friends and relatives were asking me. “Tell me the secret!” they said.

So I told them.

Often times, they were not looking for an answer. Most of them were looking for certain words in my answers they could be negative about or justify why they can’t do it or why it doesn’t work. The most common question that followed whatever answer I gave is:

“Is this MLM?“

“What do you understand about MLM?” I always direct this question back to them.

And then, all sorts of description, criticism, label, belief, opinion and assumption would be coming out of their heads.

Most people are skeptical about MLM businesses because of past experiences of their own or the people they know. But when I go deeper into the source of such negativity and opinion, most of the time it was related to the approach that people often use in MLM.

I’ve got many answers like:

• I don’t like to sell products
• I can’t sell products
• I don’t like to call people, knowing that they will reject me
• I don’t like to meet up with people who are not interested
• I don’t want to force my relatives & friends to join me
• I don’t want to carry products or perform demonstrations
• I don’t want to deliver products
• I don’t like sales quota
• I don’t want to rely on my relatives & friends to join me for me to be successful
• I don’t want to ask my relatives & friends to join me and repeat all of the above
• I’m not willing to invest tens of thousands of dollars to get started

The real reason people are skeptical about MLM is because they still think that people nowadays are still using the door-to-door ‘direct-sales’ approach or the traditional ‘meet-up-with-friends-and-listen-to-their-needs-and-then-present-the-opportunity’ way to succeed in MLM.

You see, people are not negative about MLM just beacuse of the name. There could be certain things about MLM that people don’t like about. But not everything. You can’t deny the fact that the idea of you getting paid for your past effort just because you’ve duplicated a network of distributors who are actively building the business everyday, is very exciting. You can definitely retire when the passive income you receive from your business is more than your total expenses. And mind you, this source of passive income will grow over time even after you’ve stopped working on it, if you did it properly.

Everything has evolved over the past 40 years. The network marketing industry has evolved. And if you’re still looking at it the same way people looked at it 40 years ago, then you’re looking at an out-dated picture, and obviously losing the biggest picture of the world economy today.

Often times, I asked for their willingness to be open for just 30 minutes and see if what I was about to show them would be something totally different or exactly the same with what they thought. 99% of the time, they were totally surprised with what I showed them.

So, is this MLM? It’s better than MLM!

I run a home-based business. I don’t carry products. I don’t deliver products. I don’t beg my relatives & friends to join me or buy products from me. I don’t have sales quota to meet. And I don’t need to do all the things that most people are negative about (listed above) and I certainly do not need to invest tens of thousands of dollars to get started. No one should!

Then how do I do it? Simple. Just automate it.

My international team and I have developed an automated system that runs both online and offline to support us in dealing with all the mechanical procedures such as prospecting, presenting and following-up, automatically. Like what I wrote in my opening paragraph, I attracted more than a thousand visitors to my website (www.myunlimitedincome.com) for a short presentation of how they can achieve financial freedom with the support of my team and our automated system. With just a click, they will be directed to a free test drive of our automated system and learn more about it. After they gained more information, they can then choose to sign up as a customer or a member by using the automated system. A point to note here, all the information being presented to my visitors are automated. I could be doing so many other things while thousands of visitors browsed thru my website and viewed my presentation.

Once you’ve joined our team, you will have the privilege to have your very own website like mine, and start using it to generate thousands of visitors to your website and repeat what I did.

It’s that simple.

But is that all? Well, you were just being introduced to the slightest preview of how our automated system looks like and how it can help you automate your home-based business… and eventually your passive income.

The company that we’re attached to is capturing the 2 out of 4 major trends in the world economy today. With a comprehensive and user-friendly automated support system like this, we’ve indeed captured the other 2 out of 4 major trends. In fact, we’ve captured all the 4 major trends and we’re all riding the wave towards the next boom.

So, if I were to tell you that you:

• don’t need to sell,
• don’t need to stock up inventory,
• don’t need to carry and deliver products,
• don’t need to do massive cold calling,
• don’t need to go from door to door,
• don’t need to beg your relatives & friends to buy from you or join you,

and most importantly,

• you don’t need to invest tens of thousands of dollars to get started

… if I were to tell you that you can achieve financial success too and you don’t need to do all the things you don’t like to do as in any other MLM businesses… will you be open to spend a few minutes to learn how to do it?

Yes!

Take a look at www.myunlimitedincome.com and take your free test drive. Everything will be presented to you, with pictures and explanations along the way.

Plug your business in to this trademark automated system that ensures that you will not be involved in personal sales or direct distribution of products like you would do with any MLM/direct-selling businesses. You will be attached to a comprehensive automated system that will take care of the distribution and even presentation of the products. In fact, I’ve never sold anything to achieve success and retire at age 25 with passive income. I didn’t even need to deliver anything for that matter. My business has gone to various parts of the world even without me being physically there to expand my business. So if this business requires personal sales or direct distribution of products, that wouldn’t have happened. All you need to do is to build relationship and cultivate your leadership skill along the way with your people. Of course, trainings are provided online too.

Plug in to an existing, proven system today. Learn about my Simple Success System & Strategies that will allow you to have Continuous Income and Cashflows for Life… Guaranteed!

www.myunlimitedincome.com

Be different. Be respected.
Be a Platinum Networker.

Further reading

• Cheanu Featured In Personal Money Magazine (Full Story)
• Truth About Network Marketing
• I Need An Income Source That Outlives Me!
• My MBTI® Type: The Giver
• 5 Crucial Factors In Choosing A Network Marketing Program

However, in the past few years, Network Marketing has gained a bad image that is ill-deserved. Many people associate MLM as an illegal business, scams, pyramids and other undesirable elements. However, the truth is that MLM is one of the best ways to generate income if performed correctly.

Truth be told, the only reason MLM has descended in its desirability is because too many people get involved to make a quick buck without really knowing what it takes to build a good MLM downline organization and how to approach the business correctly.

Many people actually think that an MLM business entails making money without even working. There has been a bevy of unethical distributors in the MLM business. Many try to make money by misleading other people. And many other people drop out after investing in an multilevel marketing business due to frustration and lack of persistency.

These people, often think they can relax and earn money just by doing nothing. They will surely be disappointed when they find out that they are not earning much at all. They therefore badmouth the MLM business as a whole.

Unfortunately, their failures are their own doing. However, if you approach an MLM business with the right mindset you are sure to gain a great degree of financial success. And the key to obtaining financial success in the MLM business is duplication.

Duplication means that you’re supposed to create a downline organization that is growing. Every member of your downline should be able to create his or her own downline. This means that every single member of your team is able to sponsor other people in return.

If you can create a downline that is as successful as you are, then you can have a downline that will continue to generate income and make you become more successful.

But how do you a accomplish this? Here are a few tips:

1) Enroll like-minded people

If you want your downline to be successful you have to find people who are hungry for success. If you enroll people who are not motivated and are just in the business for the short term, then you are in serious trouble.

You are supposed to enroll people who are aggressive and persistent—just like you. If you can enroll people who are just like you, then they in turn will go on to recruit people who are built for success. This will build a veritable gold mine of enrollment agents.

2) Help others to become successful

The objective here is to build a downline where not only you are successful. Make sure that everyone and every single distributor of your team can succeed and can make money. If everyone can have success, they will be excited to continue building on that downline you started.

It is sad that some people are selfish and care only for their own success. In Network Marketing, this cannot be, and can never be. If you only care for your own success, you’ll find that your downline will steadily decrease since you are only thinking of your own success. Remember, in Network Marketing, everyone’s success is your success. If they succeed you earn.

If you learn how to inspire others and how to lead and spur them on towards success, you can build a strong organization, which effectively invigorates them with the energy needed to continue persevering in their own business.

3) Good leadership

Think of your downline as a valuable resource and not just an object just to earn money. If you learn how to value every single distributor of your team, you are sure to have a downline that is capable of accomplishing great success and unlimited income.

Duplication depends on the mindset of each and every member of this team. They should have a mindset just like yours—eager and raring to build their own organization.

Only then can you have duplication and success in your MLM business.

Conclusion

Don’t be satisfied to just to be able to assemble a hodgepodge menagerie of recruits. Make sure that each team member is built for the kill. With this you have duplication in your downline. And only then can you have success in your Network Mraketing or MLM business.

Solution

Plug your business in to this trademark automated system that ensures that you will not be involved in personal sales or direct distribution of products like you would do with any MLM/direct-selling businesses. You will be attached to a comprehensive automated system that will take care of the distribution and even presentation of the products. In fact, I’ve never sold anything to achieve success and retire at age 25 with passive income. I didn’t even need to deliver anything for that matter. My business has gone to various parts of the world even without me being physically there to expand my business. So if this business requires personal sales or direct distribution of products, that wouldn’t have happened. All you need to do is to build relationship and cultivate your leadership skill along the way with your people. Of course, trainings are provided online too.

Plug in to an existing, proven system today. Learn about my Simple Success System & Strategies that will allow you to have Continuous Income and Cashflows for Life… Guaranteed!

www.myunlimitedincome.com

Be different. Be respected.
Be a Platinum Networker.

Further reading

• Cheanu Featured In Personal Money Magazine (Full Story)
• How To Automate Your Income
• I Need An Income Source That Outlives Me!
• The Magic Of Thinking Big
• 5 Crucial Factors In Choosing A Network Marketing Program

“Do you know if there’s anything on earth that keeps paying my family long after I’m gone?” Andrew asked me. I replied without hesitation, “Yes, absolutely!”

Andrew owns a car accessories shop that can only be operated smoothly with his presence in the shop (much like almost all traditional businesses). His income can merely pay for his family’s basic living expenses. Since his wife is helping him in his shop, they have only one source of income—and that is from his shop that needs his attention to run daily.

I came across an interesting book later today, that read:

The rich create businesses;

The middle class create their own job; and

The poor work at a job.

This book then explained that:

1. Rich people get richer because they created businesses that in the long-run are not attached to them. They can leave their businesses for as long as they wanted it and yet enjoy an income stream that keeps flowing in to their bank account even if they are not physically involved in running the business. This is the real meaning of “passive income“.
2. People in the middle class get more in debt because they have not learned the real meaning of a business. Most of them came out of employment and started to venture into a business and tell the world, “I’m my own boss”. Yet what most of them didn’t realize is that they have merely created a job for themselves to work on. A job is never accomplished without you putting in your physical effort, and personal time to attend to it. And what’s more real is that, you don’t get paid if the job is not done. Eventually, the middle class end up having a “job” that they have created for themselves, believing that they are running a business (a business that is far from within the context of the rich’s definition) and get into deeper debt in the long-run due to the increasing bank/personal loans taken to maintain the business and the ever increasing interests that stack on year after year.
3. The poor are at least a little better than the middle class because they don’t incur large debts as they didn’t even start their own business that needs large funding from banks and other financial institutions. They merely work for money, no matter how much they are paid—how high a position they are “labelled” by their employer—they are always trading time for money. If something happens to them that takes away their ability to work, e.g. major accident, technological advancement that replaces their job, company take-overs, mergers, retrenchments etc. they will suffer a permanent loss of income from their existing job. Of course, if they are still capable of working, they can keep looking for other jobs to start over again with, but the point here is that, they are still trading time for money. They can’t stop doing what they are doing or their income stream will stop flowing.

In short, the rich focus on the long-term. They have a vision for their future. They think of positive “what if’s” and act on the idea that provides them with a better future. They know it’s hard to work at something—anything—at the beginning. Their mindset is so different that they understand this: if it’s hard to work at anything at the beginning, why not work hard on something that is worth their hard work?

Why don’t you work on something that pays you and your family continuously even long after you’ve stopped putting effort and time into it? The rich understand the real meaning of “time-compression”.

That is why you can see the really wealthy ones are really hard-working in building a business. They understand the concept of “time-compression”. They are willing to put in extra time, extra effort and extra dedication to build their business at the beginning because once they’ve built it and it’s up and running, they can stop working so hard and still enjoy an everlasting income stream that keeps flowing in to their bank account. This is the “time-compression” concept. Otherwise, how do you think they get to maintain their wealthy lifestyle yet having the free time to enjoy their wealth as if they don’t have to work at all?

But the poor are hard-working in working at a job and the middle class are hard-working in maintaining the “job” they have created for themselves. If all the rich, the middle class and the poor stop working, only the rich gets paid over and over again, while the poor don’t get anything. Worse still, not only do the middle class don’t get anything if they have stopped working, they still need to pay up their ever increasing debts. Plus, they have much higher commitments than the poor due to a higher (and more costly) lifestyle. That’s why the middle class are in a more dangerous financial situation than the poor.

My friend, Andrew is a classic example of a typical family from the middle class. Those of you whose situation is similar to Andrew’s should take a serious look at the options you have in front of you and start doing something that the rich people do—build a real business.

As Andrew was desperate to find an answer, I said to him, “Why don’t you take a look at a business venture that pays you over and over again even after you’re long gone? At least you can be rest assured that your family will be taken care of because you know very well that you can inherit your income source to your love ones. What is a better gift to pass on to your love ones than a solid, consistent cash flow that keeps paying them even if they don’t have to work on it after you’re gone?”

“Take a look at www.myunlimitedincome.com today.

Because your future starts today.”

Be blessed.

* Note: Although this is a real story, however the name has been changed to protect the privacy of individual involved.

Further reading

• Truth About Network Marketing
• 4 Steps To Getting Richer
• Cheanu Featured In Personal Money Magazine (Full Story)
• How To Automate Your Income
• Push Back & Live Life