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If you are a service provider charging by the hour for your services, you may be trapped in a cycle of under-earning. Charging an hourly or even monthly rate for your time puts a ceiling on the amount of income you can earn.

Your profits are limited to how much time you have available to actively work with your clients. And that time is restricted because of all the other activities you are doing to run your business: marketing, sales calls, speaking, networking, writing a newsletter. . . the list goes on.

Can you relate?

The secret to breaking the “billable hours” ceiling is to come up with ideas and strategies to create passive income. Most financially successful professionals earning six and seven-figure incomes have products that earn them income while they sleep.

The shift to make is from the role of being just a service provider to being an information provider. You can still deliver your services, but you won’t have to wear yourself out always trying to find new clients because you’ll have passive sources of income that will cover your basic expenses and more.

Creating a line of information products has many benefits. In addition to earning you more money, it can:

- Position you as a credible expert
- Increase your visibility
- Expand your creativity and creative thinking
- Make you the go-to person in your topic area
- Establish a brand name for your professional identity
- Make your marketing more effortless

Some easy ways to get started building passive income include:

1. Printing a workbook that you can sell to participants at your seminars.

2. Creating an audio CD you can sell at the back of the room when you give a talk.

3. Writing an ebook based on one of your talks or workshops and selling it online along with bonus worksheets, checklists or audio.

4. Recording a teleseminar or series of teleseminars and selling access to the audio files at your website.

5. Creating an e-course you can charge a small fee for. This series of lessons delivered by autoresponder can also serve to generate leads for your business.

6. Licensing your workshops and programs that have a proven track record for others to deliver.

7. Getting referral fees for referring business to others.

8. Earning affiliate income by promoting other people’s products that offer you a percentage of sales if your clients buy.

The ideas for creating passive income are endless.

The benefit of creating information products in your business is that it will position you as the leading expert in your field and make you more money with less effort. Clients will call you instead of you having to chase after them. With information products, you can build an extremely profitable business that makes a real impact in the world.

Stop trading your time for money and start creating your first product or other passive income stream. You’ll be on your way to breaking the billable hours ceiling and increasing your financial success!

Jan Marie Dore publishes the newsletter and blog, Success Secrets for Professional Women. She teaches solo professional women marketing and sales strategies to attract new clients, grow their business, and make more money in less time. Sign up now at http://www.femalepreneurs.com/ezine

The reason they don’t work is not always because the author didn’t know his business or was a scam artist. The strategy may very well have worked once. But once many people know a strategy, it ceases to be effective in the forex market.

There are two primary methods of forex trading swing trades and day trades. Most experts will advise you to stay away from day trading. The volatility within a day is mostly random and can’t be predicted. Therefore if you spend your money on a day trading system, you’ll probably end up with an empty account – especially if you’re a novice. Even with a swing trading system, there are certain precautions it is wise to take.

For example, always ask for a real time track record. This shows the success or failure of their system as consistently and accurately applied to a portfolio(s) over time. If they, instead, give you a hypothetical track record, ignore it and ask again for the real time track record.

The hypothetical track record is a sales gimmick that shows the results that could have been achieved over a certain period. But it was prepared after the fact, knowing what both the buy and sell prices were and picking these entrance and exit points from past known data. This is useless to you. Hindsight is, after all, 20-20. I’ll bet you could have this kind of success after the fact, too!

The fact is, many systems can’t give you a real time track record, because they don’t have one. Ask yourself, do you really want to buy a system that the creator doesn’t use himself? If he/she doesn’t trade it, why should you? If they do give you one, you’d like to see at least two years, it should be audited documentation and the fees should be disclosed or, preferably, for the results to be expressed net of fees.

Look for the biggest peak to valley drop in the real time track record. Be honest with yourself as to whether you would throw in the towel if it had happened to you. Know that many systems can create great gains over time, but their short-term volatility can be discouraging. If you can’t tolerate a 50% draw down, you probably aren’t ready for this kind of risk.

Make sure you understand the forex trading system’s logic. If you don’t completely understand this, chances are you’ll lose interest and not work the system as required when you run into a period of losses, which all traders and all systems do. From knowledge of the logic comes confidence. With confidence is discipline.

Check out the system’s guarantees and support. If you’re having trouble understanding something or need further advice, are they there for you? Try asking the vendor a question about the system? Did he/she get back to you with a reasonable response? What if you try the forex trading system for a short time and decide it’s not for you? Is there a money back guarantee for the cost of the system? How long does it run? All these things should influence your buying decision.

Pick through the advertising copy and get the facts about any forex trading system. Don’t forget the key decider the real time track record. Do your homework and find a real forex trading system that delivers the profits it promises.

Forex Brotherhood is a group of like minded individuals who help each other to achieve the best results on the market. The Forex Brotherhood Secret success tactics can all be found within the club.