|Wealth Building Information|
Residual Income - Part Three Finding Leaders
In my last article on Creating Residual Income I mentioned that employees are a pain.
That wasn't completely accurate. To be more accurate I should have said, "MOST employees are a pain."
In addition to the "regular" problems of payroll, sick time, legal issues, etc., there is the bigger issue that EMPLOYEES ARE LOOKING OUT FOR THEMSELVES, NOT FOR YOU.
Which means they need constant supervision and encouragement to make you the largest amount of money possible. It's just the way it is.
But there is a better way...
I went to college selling vacuum cleaners door-to-door. Yup, door-to-door. I didn't do it because I always enjoyed it-- sometimes it was raining or cold or BOTH--I did it because of this wonderful little thing called COMMISSION.
Every time I sold a vacuum cleaner I got paid $120. Not bad for a college student in 1982. Most weeks I sold 2, some weeks 3. Part-time, maybe 20 hours a week.
I knew I had the skills, and I was motivated by the money. No one had to tell me to work. No one had to tell me to not spend my day sitting in a coffee shop. The only way I made money was to sell, so that's what I did.
What would it mean to your online business if you had super motivated people selling your products or services? People who ALREADY KNEW how to sell? People who ALREADY had built a loyal following of visitors and subscribers?
Let me tell you: Just one of those people will sell more products for you than 100 "regular" people. And they will do it with half the time commitment on your part.
In the online business we call them SUPER AFFILIATES.
Recruit enough of these SUPER AFFILIATES and you can retire.
But what if you don't have your own product or service to sell?
This can be even easier...but I will save that for my next article.
In the mean time I have put together a page with four tools anyone can use to find these PRICELESS individuals. One of them is so OBVIOUS you will be amazed you didn't think of it yourself...one of the others is so POWERFUL I was able to identify 127 super affiliates for my own site in just 10 minutes.
How To Get Paid Instantly Via Stormpay? Try Online Rewards Programs
E-currency is very popular on the Internet today. People use different electronic funding companies, such as Stormpay, E-gold, Paypal, Moneybookers and the list goes on. E-currency helps us to pay for online products and services; it also saves us a lot of time.
Warren Buffet: Wisdom from the Worlds Richest Investor
In light of the dominant mindset overshadowing the market these days, a breath of fresh air might be welcome. This month, we're devoting this space to wisdom from Warren Buffett, the world's richest investor. Buffett is a renowned value investor who follows Benjamin Graham's timeworn principles, a standard not unlike our own focus. Alas, in times like these, value investing has fallen out of favor; a sad situation, as these times are ideal for value hunters. Buffett writes prolifically every year in his company's annual report, and provides tidbits of long-lasting wisdom. Here are some excerpts that may help bring perspective to today's investor:
Can You Be Rich? Part 1
What does becoming rich mean to you? Is it early retirement? Perhaps it is the big house and the fancy car. Do you want the personal freedom that comes with being wealthy? Knowing you could go anywhere in the world you wish at anytime. Imagine knowing that your children and even your grandchildren will be taken care of financially after you are gone. Becoming rich is not a birthright or a random act of chance, it is a choice. So the question is, do you choose to be rich?
3 Steps To Increasing Your Income
Most accountants, financial planners and wealth-building experts agree that there are really only three ways to increase your income. You can either:
Why You Need To Buy and Sell Gold Coins (Part 4)
Top Investment Performance
If You Know These 5 Wealth Secrets Then You Are Probably Already A Millionaire
Wealth Secret 1 - Decide Your Outcome Right Now.
Wealth - 10 Basic Steps to Achieving It
Everyone wants to be wealthy. Only a few actually achieve it though so following these steps could help put you into that minority group of the rich.
Compounding: The Science Of Exponential Money Generation
It all begins with a simple calculation.
Building Wealth: A Wealth Building Strategy Is More Than Simply Diversifying Your Investments
Wealth - an abundance of values. Each of us determines what is or is not of value to us. He or she may not be wealthy even though they may have a great deal of money because they have no honor, no happiness.
Lesson 1 - Why Arent You Wealthy?
We will start the Financial Fitness System with the assumption that you are out of shape financially or you would not have decided to subscribe to the course. So, again, why aren't you wealthy? There are some exceptions, but for the majority of the world it's the same reason. You did not choose to be wealthy, that's it, end of story. We told you this would be simple!
Trustees: Who Can You Trust?
Early in my legal career I represented two young women in their early 20s.
Stop Losing Thousands of Dollars Every Day: Six Tips For Creating Wealth
We all go to school for about twelve years, kindergarten through high school. Some of us go to college and then graduate school. Personally, I went to school for three years beyond college with law school and took financial courses after that was over. In all of that time, economics courses, accounting courses and even tax courses, no course or school ever covered what we are going to talk about.
The Wealthy Mindset
What is the difference between wealthy people and poor (even average) people? It is not all the money that wealthy people have and the average don't, nor the luxury, nor the lifestyle. It is their mindset.
Investing is About Discipline
If you don't have discipline then walk away from the idea of being rich. You see, getting rich without discipline is relying on the lottery or your favorite pony ambling past the finish line in front. And how likely is that...?
Trustee Fees: How Much is Enough and How Much is Too Much?
I am often amused by the ads and offers I see concerning living trusts.
Cost Averaging - It Makes Sense (Dollars & Cents)
It's no secret that the market goes UP...the market, goes DOWN. That's the basics of Investing 101.
7 Golden Rules to Financial Prosperity
Not Enough Money?
WARNING: The Biggest Lie About Compound Interest
Have you wondered why financial experts only tell you certain things about building wealth? Do you think its in their best interest to tell you the absolute truth?
Financial Planning for Beginners
Financial planning at an early age may seem complicated, however it can be easier than you might think. At the age of 25 most of us are just beginning our married life, and there are homes and automobiles to buy and children to plan for. This leaves little time to plan for the future. These are some simple steps that you can take to ensure that you and your family will be able to handle unexpected emergencies and expenses.
The Old Monied Dupont Nemours and Roosevelt Families Buy a Tax Haven
This 4,000 acre sale (now a marina and resort town - with an airport for jumbo jets (the $50,000,000 airport was donated by the UK government) went down in the 1970's - not the 1870's!?!?
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