Internet Assets - Robert Kiyosaki | Warrior Forum - The #1 Digital Marketing Forum & Marketplace

15 years ago

Robert talks about the benefits of building passive income from assets you own.

In my opinion creating info products and having affiliates sell them for you is a great low cost way to build passive income assets.

[ 1 ] Thanks

Signature

Punk Lyrics
A-1 Survival

{{ DiscussionBoard.errors[4561939].message }}

JasonParker

15 years ago

I think kiyosaki is referring to already established revenue generating assets though.

So it would be more like buying a site on flippa that already makes money.

Thanks

{{ DiscussionBoard.errors[4561992].message }}

Istvan Horvath

15 years ago

Originally Posted by stanwhisky

I'm recently reading Robert Kiyosaki book.

Which one? He wrote more than one...

Thanks

Signature

{{ DiscussionBoard.errors[4562068].message }}

Fazal Mayar

15 years ago

Assets online? I think we are mainly talking about websites, blogs and products here.

Thanks

Signature

Blogger at RicherOrNot.com (Make Money online blog but also promoting ethical internet marketing)

{{ DiscussionBoard.errors[4562102].message }}

jgant

15 years ago

I've only read one of his books and it didn't specifically refer to web properties as an asset. However, there's no reason that a web property which produces income is not an asset.

In fact, I consider my websites for my offline and my online businesses valuable assets. I spend the bulk of my marketing time building up those web properties because they generate a good deal of business and any entity that generates consistent income is an asset.

For example, for my offline business I could invest $20,000 annually in print advertising, in my web properties, or in print advertising that promotes my web properties. Currently I focus on web properties, but a hybrid approach could also be a good investment. Solely investing in print advertising doesn't increase any tangible asset except generate business; whereas investing in websites that generate business into the future not only generates an income, but builds an asset.

Most of my marketing efforts is about driving traffic to my sites and increasing their effectiveness, hence their value. This generates immediate income as well as builds an asset.

Thanks

Signature

How I hit $10,000+ per month very fast w/ 1 niche blog - Click Here to learn more (no opt-in).

{{ DiscussionBoard.errors[4563646].message }}

PatrickP

15 years ago

oh dear that guy is a complete liar and scammer.

Read up on him. He sold his first book saying how he got rich. Only problem is he didn't get rich until he sold millions of copies of that book via MLM after it wouldn't sell on its own.

He never did have a rich dad and poor dad and on and on.

Go with Seth Godin or Farris those two are real and have done what they say they have.

Thanks

{{ DiscussionBoard.errors[4563655].message }}

TanyaJ 15 years ago

[DELETED]

{{ DiscussionBoard.errors[4564535].message }}
- sal64 15 years ago
  
  Originally Posted by TanyaJ
  
  Yes, this is truth. He become rich after he published his book.
  
  So did you make your riches before you published your product?
  
  Sorry, had to ask.
  
  Thanks
  
  Signature
  
  Internet Marketing: 20% Internet - 80% Marketing!
  You Won't See The Light Until You Open Your Eyes.
  
  {{ DiscussionBoard.errors[4564570].message }}

Capitalist_Pig

15 years ago

Kiyosaki is just a motivation speaker at base. His books are intended to motivate, not teach.

Thanks

{{ DiscussionBoard.errors[4564368].message }}

sal64

15 years ago

His books RD-PD and Cashflow Quadrant had a profound impact on my life and finances... (as did the 1 Minute Millionaire).

Don't care how he made his money. Info is top notch IMO.

Thanks

Signature

Internet Marketing: 20% Internet - 80% Marketing!
You Won't See The Light Until You Open Your Eyes.

{{ DiscussionBoard.errors[4564483].message }}

r2r

15 years ago

No actually i don't have any idea about that...

Thanks

{{ DiscussionBoard.errors[4564530].message }}

aizaku

15 years ago

an asset is an asset. no matter what the type. vending machines, stocks, affiliate sites, franchises, houses, apartments, patents, etc...

Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset.

Thanks
2 replies

Signature

>> 2018 Money Making Method Video Guides [NO OPTIN] <<
80% Of These Proven Guides Are Free... ]

{{ DiscussionBoard.errors[4564589].message }}

Toby Couchman

15 years ago

Originally Posted by aizaku

an asset is an asset. no matter what the type. vending machines, stocks, affiliate sites, franchises, houses, apartments, patents, etc...

Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset.

Great simple post. People love to over think this stuff when really only one simple rule applies.

If income received from said venture, product, website or thing is greater than expenditure put into it. Then you have a winning Asset.

Now go forth and create hundreds of profiting assets and be free from the bonds of the 9 - 5

TC

Thanks

{{ DiscussionBoard.errors[4564858].message }}

stanwhisky

15 years ago

I read the book 'Conspiracy of the rich 2009'.
He talked a little bit of the future newer generation for people who borned 1990 above where all of them are in

the difference world. The newer generation business entreprenuers have new ways of doing businesses and money can

be made at light speed because of the Information Age.

So, I am curious whether Robert ever have predicted the future of people of this age.

What I read it 'The future of what I see is difference from the future of what they see - Robert'.

That make me think of Internet Assets which is very important for Internet Marketer.

Instead of just making money online, it's important that we use Robert's advise to build an assets.

Asset put money into your pocket.

What I can see Internet Assets are:

1. List of customers & subscribers
2. List of JV & Suppliers Contact.
3. Auction site's feedback - Ebay Feedback, Etsy Feedback, Amazon, Bonanza ....
4. Small Niche Sites
5. Niche Sites Domain Name.
6. Stock Inventory for you to sell online
7. Offshore investment (Not Sure)
8. Forex (If you know how)
9. Ebook, Hard Cover book or Kindle (Created your own)
10. Credibility

Please tell me if I am wrong. Do you have more to add?

We can't rely of search engine because if algorithm change, we'll at risk.

To me, Internet Marketing Products cannot be an asset because they can be easily outdated and need to re-create

it. In this case, the credibility is an asset.

Thanks
1 reply

{{ DiscussionBoard.errors[4564986].message }}

JohnMcCabe

15 years ago

Originally Posted by stanwhisky

What I can see Internet Assets are:

1. List of customers & subscribers

Not and asset by itself. The business in possession of that list can be an asset.

Originally Posted by stanwhisky

2. List of JV & Suppliers Contact.

Not an asset, as it generates no cash flow on its own. See above.

Originally Posted by stanwhisky

3. Auction site's feedback - Ebay Feedback, Etsy Feedback, Amazon, Bonanza ....

Not an asset in the financial sense.

Originally Posted by stanwhisky

4. Small Niche Sites

Can be an asset.

Originally Posted by stanwhisky

5. Niche Sites Domain Name.

Only an asset if it has value on its own (as in domain flipping), and then only if you do sell it.

Originally Posted by stanwhisky

6. Stock Inventory for you to sell online

Not an asset until you sell it. If not sold, actually a liability.

Originally Posted by stanwhisky

7. Offshore investment (Not Sure)

Yes, if it has a positive return.

Originally Posted by stanwhisky

8. Forex (If you know how)

Not an asset. Forex is a method of trading currencies. You can't own a 'forex'.

Originally Posted by stanwhisky

9. Ebook, Hard Cover book or Kindle (Created your own)

If it sells, then it is an asset. Simply having it does not make it an asset.

Originally Posted by stanwhisky

10. Credibility

Helpful in doing business, but not directly an asset.

Kiyosaki likes to use the example of one's personal residence. Realtors say that your home is your biggest asset. According to Kiyosaki, it only becomes an asset when you sell it (generate positive cash flow). Until then, he counts it as a liability because it takes cash out of your pocket (mortgage, taxes, insurance, maintenance, etc.).

A good rental property, on the other hand, is an asset because it puts cash into your pocket.

As I see it, Kiyosaki's books are not even motivational, at least not in intent. Their sole purpose is to move people into and through his sales funnel, froma book to more books to his expensive board game, membership site, real estate seminars, etc.

Not that there's anything wrong with that...

[ 1 ] Thanks
1 reply

{{ DiscussionBoard.errors[4566427].message }}

Snow_Predator

15 years ago

Originally Posted by JohnMcCabe

As I see it, Kiyosaki's books are not even motivational, at least not in intent. Their sole purpose is to move people into and through his sales funnel, froma book to more books to his expensive board game, membership site, real estate seminars, etc.

Not that there's anything wrong with that...

Kiyosaki will never give you anything practical you can work with, most likely because he's not the big shot investor he makes himself out to be.

Thanks

{{ DiscussionBoard.errors[4570421].message }}

Terry Hatfield

15 years ago

Does Robert believe in internet assets?

check out richdad.com

Enough said.

[ 1 ] Thanks

{{ DiscussionBoard.errors[4564859].message }}

RatRaceWatch

15 years ago

Your best bet is to build your assets and understand what makes them work (their longevity). Virtual assets are a little more risky then physical assets in my opinion because their existance is dependent on the system we use, kinda like money (sadly). It only has value because we say it has value, once that changes, be ready for the shift.

I like Robert's teaching, especially his book Unfair Advantage. When you're building your online empire (if thats a goal of yours), remember to take some of that money and invest it in the real world also, that way if 5 years from now, they come up with a new system that nullifies the internet as we know it and web addresses, you'll be covered :0.

Thanks

Signature

At Manifest Income our mission is to Help You Build A Business That Matches Your Passion.

We offer: Free Business Plans, Web Design, Online Marketing Training, Mentorship, & Support!

{{ DiscussionBoard.errors[4564977].message }}

BabyMama

15 years ago

Rich Dad Poor Dad is an amazing book and actually inspired me to start flipping websites a few years back. I didn't have the start up funds to buy real life property so started educating myself about flipping online property and websites.
I sold my first website within a month and I was hooked. I am still building and flipping sites today. This is my quick cash method. But for passive income I build sites with an adsense income which brings in an income without me doing much.

I am also working and brainstorming ideas for a membership site which I plan to launch by the end of this year.

Thinking I might have to give the book another read
Rich Women is also a great book for any female warriors out there

[ 1 ] Thanks

Signature

$47 SEO Service - First Page Google Rankings - Over 150 SOLD!

Ultimate Adesense Guide - Just $4.95!!

{{ DiscussionBoard.errors[4565619].message }}

sadiecopywriter

15 years ago

Rich Dad poor dad is great book. It is motivational though in nature, not coaching. (Coaching would tell you what to do, this only gives you the broadest ideas.)

The rich dad poor dad thing was a alegory told in the first person. It doesn't have to be real, it's a composite of experencies. It's a common literary technique for writing a book. It's the books' 'hook'.

Thanks

Signature

Mercedes
Need Free & Legal images for your books & blogs?
Check out the FREE Little Black Book of Royalty Free Images.

{{ DiscussionBoard.errors[4566328].message }}

Brendon Zahrndt

15 years ago

Having sold real estate in a past career, I was appalled by the Rich Dad real estate garbage written by Kiyosaki reagrding real estate and financial management in general.

The information in those books is so blatantly erroneous I still can't believe he hasn't been sued or worse. I couldn't believe my eyes as I was reading it.

John T. Reed does a fine job explaining just how abhorrent his 'mis-information' is and how dangerous it would be to take his advice on the subject.

I can only imagine what junk he is trying to sell now as it relates to an internet business.

But hey, if reading his gobbledegook got you off the couch to go write a blog post today, mission accomplished.

Thanks

{{ DiscussionBoard.errors[4566596].message }}

colinph970

15 years ago

Irrespective of what you think about kiyosaki and his books, his marketing skills are pretty impressive when you see how much he has made. To be fair i can see both sides of the argument and the general concept of buying wealth producing assets and generating cashflow is a good one.

Thanks
1 reply

Signature

WANT TO FIND BARGAIN ITEMS TO SELL AND MAKE HUGE PROFITS? NEW ARBITRAGE SOFTWARE TOOL IS THE ANSWER!

{{ DiscussionBoard.errors[4569260].message }}

Haruki92 15 years ago

I have read one of his books,its called unfair advantage.I realised that he tend to say things that people think that it is easy to achieve so people followed his method and most of them lost tons of money.What i meant was we shouldn't believe too much on what they say because what worked for them might not work for you.Afterall,their main purpose was to sell the book.
- Thanks
{{ DiscussionBoard.errors[4569323].message }}

WebPen

15 years ago

I agree with his strategies, but not necessarily his tactics.

For example his strategy of building a hands-off, passive income is excellent. You only have so much time, so you should spend it trying to set up passive income sources.

At the same time, I think his tactic of getting a piece of real estate with positive cash flow isn't necessarily the best way to do this. I think IM is a much better method once you learn the ropes.

Thanks

Signature

*Need help marketing your business?*

----Click Here to Join Me and Learn What Really Works!----

{{ DiscussionBoard.errors[4569917].message }}

nyapartments

15 years ago

Like someone here already said, He is more of a motivational speaker. We also have a well respected member of our forum saying his info is top notch.

Thanks

{{ DiscussionBoard.errors[4570446].message }}

PatrickP

15 years ago

Anthony Morrison is the next Robert Kiyosaki

Thanks

{{ DiscussionBoard.errors[4570524].message }}

celente

15 years ago

Wow there really are some mixed impressions of Robert Kiyo

While I am not a huge fan. I always thought his stuff was pretty good. I have his cashflow stuff, and it is very good info.

Thanks

Signature

Create a $5000 USD a month Business. 1-on-1 Coaching. By 6 figure marketer! - CLICK HERE

{{ DiscussionBoard.errors[4570953].message }}

Rach72

15 years ago

Love him or hate him Roberts books are great for getting out of the mindset of working in a business and setting your self up to work on your business. He takes the emotional attachment out of the equation and allows you to see your business as something that should be helping your future, not draining you.

The models in the Cashflow Quadrant clearly explain the mindsets and actions that have been around forever, but in a way that is easily understood.

These can all be applied to any asset - online or offline. The only downside with the online asset is that it is far harder to lose actual land and buildings than your plot in cyber-space

[ 1 ] Thanks

Signature

For PLR that Kicks Ass and Freelance Writing that'll Rock Your World
** New Guide for the Digital Writer**
101 Writing Tips That Separate You From The Pack

{{ DiscussionBoard.errors[4571234].message }}

InitialEffort

15 years ago

He never really mentions it in his book, but after reading RDPD and CFQ you can see how it relates to passive income generating sites. Essentially once you master PIGS you can do the same thing with a different vehicle.

Thanks

Signature

--> [10,000+ SOLD] Rank Your Affiliate Website & Video [$1 MILLION PROOF INSIDE] <--

{{ DiscussionBoard.errors[4571541].message }}

getrichinfo

14 years ago

but i still believe in the B and I Quadrant, I rarely see millionaire in the E quadrant

Thanks

Signature

I'm Buying Health Solos, please PM me if you are selling!

{{ DiscussionBoard.errors[6606150].message }}

Schnitzel

14 years ago

Everybody should read Robert Kiyosakis books.
And Seth Godin.

Thanks

Signature

meh

{{ DiscussionBoard.errors[6607327].message }}

Chris-

14 years ago

Yes, he is an excellent writer, and yes he does write about IM. Specifically, in one of his books (I forget which one), he says that if he was buiding business assets from scratch, right now, his first choice of any business would be to create instructional content (video or whatever) on a niche and sell it on the internet.

He makes some vital points in his books, many of which are applicable to IM.

Chris

Thanks

{{ DiscussionBoard.errors[6607595].message }}

Internet Assets - Robert Kiyosaki

Trending Topics

Walking for Exercise is a Different Animal...

Being a Girl Dad....

I wanted to make a game blogging site with the help of claude will it monetize ?

What Picks You Up?

I am new here