A successful network marketing business can happen if you put all the pieces together correctly from the beginning. By plugging into the MyLeadSystemPro marketing system, David Wood was able to go from obscurity to prosperity in a matter of less than five months, building his business, using the sales funnel, systems and training provided by the MyLeadSystemPro marketing system,
In the following video, David explains how he started in his business, and in first 5 months of building it, generated over $100,000 plus in profit, through the sales funnel, generasting a alot of traffic, producing 100’s of leads every day, generating immediate profit from generic offers to these leads, and sponsor these leads that become prospects, into his primary network marketing company, making more money than he ever has in his entire life.
He solved the problem of the number one frustration of all network marketers of creating cash flow throught the funded proposal concept, using the strategies he learned, starting with just $200 dollars and a dream directly from home.
Watch David discuss his immediate success in this video first, and continue to the next page to access the same resources that he used to become a master of his own domain in less than a year.
Posted in Home Business Leadership MLSP My leadSystem Pro Network/MLM marketing online by .
Jul 10
28
Review of IBuzzpro: Automated Software to Laser Target Pre-Qualified Prospects for Any Business
There are many factors and facets that play a role in successful marketing. In general, succeeding with any marketing ventures revolves around drawing in customers to your product or service. This can be quite the quandary for many because it involves chasing down customers and selling to them. Or, does it? Actually, there is a way to cut down on a lot of the effort required to pull in customers and it comes in the form of John Breck’s excellent software program ibuzzPro. Without a doubt, iBuzzPro makes the process of internet marketing a lot easier and this is why it is well worth taking a closer look into.
At the core of this program is the conventional wisdom that a smart marketer does not take the steps to chase down customers. Rather, the smart marketer is the person that lays the foundation for setting the customer up for the process of chasing the marketer. Again, it is ibuzzPro that improves the odds of this happening.
This type of program is known as an automatic recruiter and that means it will perform the tasks required in a mechanized fashion. Specifically, this is an automated voice broadcasting system. In short, it seeks to make phone calls to potential customers. This eliminates a ton of hassles associated with cold calling. Rather than employing this outdated method that primarily leads to frustration, the automated version employed by iBuzzPro will deliver more effective results. And, best of all, this is a software system that has been specifically designed to aid the internet or multilevel marketing systems. This is a very important point to pay attention to because “generic systems” that do not cater to the complexities of internet or MLM marketing concepts can prove lacking. In short, you will always want to work with a support system that is specifically designed for your business venture.
How can you be sure that you can use the software program to its maximum effectiveness? This may seem like a rather odd question to ask because most people do not take the time to think about it until after they have purchased the software program. With some systems, once you make the purchase you are pretty much left out in the cold. This is not the case with ibuzzPro as the system presents a number of helpful training tools to maximize your success potential. No, you are not left out in the proverbial cold when you buy this software program. There are a number of excellent supplementary support services such as webinars offered to customers to ensure their experience is a positive one. These support services and supplementary training components certainly add to the effectiveness of the system. Consider this another hugely positive component to the software program as a whole.
Pay Close Attention To My Friend Randal Williams As He Explains How This Powerful New System Works:
(if you are on a slow internet connection just be patient for the video to load)
Anyone looking to succeed in the world of internet marketing are certainly advised to check out what iBuzzPro has to offer. It is the perfect voice broadcasting system available to the public and it has helped many gain huge profits from their marketing ventures. What more could you ask for?
The Secret Wealth Formula Tele-Seminar is a complete income generating system. The Secret Formula Teleseminar helps create leads for Premier Wealth Systems (PWS), the opportunity that Secret Formula Teleseminar is partnered up with. PWS offers the most up to date effective strategies for marketing any product or service or opportunity on the internet.
The Free Secret Formula Teleseminar creator, Rod Stinson, has been a top producer in several network marketing and direct sales organization in his 20 year career. A master of creating online and offline marketing systems that can easily be followed by experienced networkers or the average consumer.
He has built organizations of over 100,000 that have sold over quarter of a billion dollars in products. Rod Stinson says “We were determined to build a better home-based income opportunity model in an effort to significantly increase the success rate for determined individuals.”
On the Free Secret Formula Teleseminar, Rod will share a fool-proof, innovative marketing system he has used for 19 years that has made him successful with big ticket item sales on a daily basis- even during the recession. He will tell the reason why traditional network marketing is no longer recession proof, nor is it as profitable as most mlm and internet marketing gurus might want the public to believe.
This teleseminar is a must for anyone promoting any type of product or service online. It’s a complete business-in-a-box that leverages the latest marketing technology that will allow anyone to generate $497, $1497, and $3497 commission payments systematically. All that is required is using the tools provided in the all-inclusive-business-in-a-box to drive targeted traffic to the Secret Formula Teleseminar to earn commissions starting at $497 and higher.
This is NOT a job, but rather a highly profitable business opportunity. This business does cost money to start. The start up options are $497, $1497 and $3497. There are also 3 admin fees totaling $273, making the minimum start up $770. There is no monthly auto-ship or hidden extra fees. You will get the $4,687.00+ bonuses mentioned in the TeleSeminar by making a purchase only. The Level you choose dictates your initial earnings potential per sale you make. You can upgrade at any time to increase your earnings potential. This is not Network Marketing and there NO downlines and NO pass up sales to give away (i.e. 1 ups or 2 ups to qualify for). You earn from the very first sale on. The TeleSeminar does ALL of the explaining, sorting, sifting and closing of the sale for you. You earn 100% commission on each product package sold through this automated system. With just 1 ( one ) $1,497 sale per week, you’re earnings potential would be $77,844 per year….2 (two) and you achieve an potential income of $155,000 Plus!
Posted in Home Business Network/MLM Wealth creation Formulas marketing online training by .
Need a fresh perspective from a published author, then order a copy of David Bach book, Start Over, Finish Rich: 10 Steps to Get You Back On Track in 2010. Let 2010 Set You on the Path to Wealth.
Believe it or not, recessions make millionaires! Will you be one? In Start Over, Finish Rich, America’s best-loved financial expert, David Bach, explains that 2010 will be the best opportunity for building wealth we have seen in decades. And, as the economy recovers, you must be set up to recover with it. Bach’s easy, take-action plan will show you how.
Start Over, Finish Rich supplies the ten crucial moves you must make in 2010 to get back on track and recapture your dreams of a richer future. Learn how to:
* Get out of debt
* Fix your credit
* Rebuild your 401k plan
* Improve your 529 Plan
* Take smart risks
* Reorganize your financial life for the high tech age
* Update your real estate plan
* Change your thinking about money
* Recommit to wealth
As Bach says, “A recession is a terrible thing to waste—so don’t waste this one! Use it instead to get rich.” Read Start Over, Finish Rich and let David Bach put you and your family back on the path to financial freedom.
This book makes sense and there is nothing in it that I disagree with. Having said that, if you already own The Automatic Millionaire and you do not need a motiviational kick in the pants to keep going during this gut wrenching recession, then my advice would be to do the plan from the Automatic Millionaire and you will finish rich. In my opinion, The Automatic Millionaire is the best book on Personal Finance and the best plan I have come across. I have read many books on the subject, but for my money The Automatic Millionaire really is a no fail plan.
However, if you are like many people I know (including myself), although you will probably not learn anything new from this book, the motivation that this book provides to get back up after losing faith in the system is more then worth the price of this book.
This book has many, many excerpts from his other books, it really is the best of put into 10 steps. David Bach is really motivational, but I notice he does rehash a lot of material from other books. If you do not own The Automatic Millionaire, buy this book and follow it. It makes sense, is easy and gives you all the tools and material you need to finish rich.
In a world full of World Street hucksters, David Bach’s common sense and ease of use is a breath of fresh air.
Start Over, Finish Rich: 10 Steps to Get You Back on Track in 2010
David Bach is one of the bestselling financial authors of all time, with nine consecutive national bestsellers, including the #1 New York Times bestsellers The Automatic Millionaire and Start Late, Finish Rich.
To read an excerpt from any of David Bach’s books, visit him online at www.FinishRich.com
Posted in Home Business Personal Finance Wealth creation Formulas retirement by .
Generating a five figure income on autopilot, or nearly 90% automated is much simpler than you may think. most people spend hours attempting to attract prospects to look at an opportunity to generate interest in a perspective business model.
When looking at different models, of network marketing or mlm business compensation plans, and the actual system that you would consider using there are important elements to look for in making the right choice to join a particular business program.
1. It Must Be a Top Tier Program
A top tier program is one with a higher ticket item, product or service. One that will generate an immediate commission that is an amount that covers the majority of immediate business expenses and has a substantial amount left over for profit.
2. It’s Compensation Plan Must be Easy to Explain
Compensation plans vary from program to program. The easier the compensation plan is able to be explained, the more attractive the opportunity will be to new prospects looking at your opportunity. If you seem to need a doctorate degree in mathematics or accounting to explain how someone is going to be paid, forget about it. Look at simpler models that are able to be duplicated with ease.
3. Must be Able to Be Paid Immediately
Nothing is worse than waiting for pay from your hard work. You should look at opportunities that have structured their payment systems to pay commissions immediately. As your marketing efforts start to produce results, and prospects decide to join, commissions should be received immediately without delay. you should never put yourself in a situation where you have to wait days, weeks or even months for payment. You will lose prospects and those that do join will probably quit very quickly with no consistency in pay.
4. Business Overviews and Follow-up Should be Automated
Your number one responsibility should be the marketing of your business. You should not have to be constantly presenting, explaining your business model, doing three-ways, following up with each individual prospect one on one, attempting to convert wanna-be’s, maybe’s, or newbies’ into actual professional marketers. if your company is not structured to present itself without you holding the hand of a potential business partner then its the wrong business.
5. There Should Be Minimal or No Training Required to Be Up and Running Practically Turn-key.
I know there is always a learning curve in any business opportunity, but once again, the business model should be nearly turn-key and have the resources readily available to plug yourself into with minimal effort and training to begin almost immediately seeing results from your marketing efforts. There is nothing worse than being given a website and told, best of luck getting people to the website or needing months of training to drive a couple of prospects a day to a website. The money you invest should include the necessary systems to have you up and running efficiently in a matter of a couple of days or within a week, seeing results.
6. The Marketing System Should be All Inclusive and Answer all of the Prospects Questions Immediately and provide immediate jeopardy if action is not taken.
This may seem like a bit aggressive, but the system should attract and pre-qualify buyers to the point where they take immediate action, and are ready to join the opportunity upon completion of the overview and the presentation of limited time offers or bonuses. There should be immediate access to the payment process, and/or your contact information and sign up link for them to take action and move on the information that is provided. To many times, overviews are incomplete and presentation to purchase are vague and un-motivating for the prospect to take action. So a timely, complete, simple and to the point presentation, with clear compensation and immediate benefits in the way of bonuses and incentives will work nearly everytime to entice quality buyers to join your business opportunity.
One of the most rewarding opportunities that meet all of these criteria is relatively new, and developed by a 20 year veteran of the direct sales industry, having developed systems that generated over a quarter million dollars in revenue in the past two decades with a four and half year “vacation” .
The Secret Formula Teleseminar was created by, Rod Stinson, a former top distributor of several formidable network marketing companies. Mr. Stinson has been involved in the industry for 23 years, built an organization of over 150,000 distributors, and has sold over a quarter of a billion dollars of products! And of the 23 years, Rod has had 19 years of financial freedom by making 5 and 6 figure incomes from the comfort of his home. His success is strategically using online and offline marketing systems that will save the average consumer time, money, energy and stress.
Rod Stinson’s “Pizza Box Secret Formula” Webinar is designed to fill all of the above criteria and then some, paying immediate commissions of $1497.00 or $3497.00 in a simple 1-Up commission structure. Your first qualifying sale is past up to your sponsor then you are paid 100% of all future sales commissions.
“Pizza Box Secret Formula” Webinar
If you are interested in seeing for yourself how anyone, just taking four simple steps after clicking on the above link, can access the same system many people are using right now to generate a five figure monthly income. Imagine the possibilities that will present themselves by listening to the 49 minute recorded webinar.
The economy woes we are still experiencing are still evident today. Imagine having the freedom not to have to worry about going to work, any farther than down the hall next to your children’s playroom, or out to your pool deck everyday with just your laptop and being able to protect yourself from the hyper-inflation and devaluation of the US dollar. The following video in this blog may shock you, may shock you to the point where you may decide to actually change the way you think about making a living and generating money to support your family.
When you truly love what you do for a living, every day of the week become a wonderful day. In fact, you could start having a case of the dreaded “Saturdays.” Weekends simply planning what to do during Monday through friday because you no longer have to go to “work” for someone else!
If you are going to work because you NEED the money and you are worried about having enough, then Mondays become a drag.
Take the time to really think about your way of life and start Immediately to Make Wise Decisions With Your Money. Eliminate the panic and stress of wondering if you will have enough money to even retire.
I want to share a very easy 3 step process to help you along this journey.
1. Watch your copy of the ” Conspiracy Against Your Money” DVD right now. Simply click on the DVD image to view this 48 minute video to understand what is happening in the US Economy:
The video is PW protected. If you can’t watch the DVD please copy and paste the following link into your browser:
Small Screen – http://vimeo.com/11795569
Full Screen – http://vimeo.com/moogaloop_local.swf?clip_id=11795569
2. AFTER YOU Watch the DVD follow through by going to The Conspiracy Against your Money Web portal and enter the pass key number :18534
which is also my consultant number.
3. Call me with any questions.
Make Wise Decisions With Your Money – Achieve Freedom from Financial Stress. It really is a simple as having the right information at the right time AND taking action on that information.
You have nothing to lose and long term freedom to gain.
Posted in Personal Finance Wealth Masters International economy by .
As I wrote my earlier blog post sharing the demise of Network marketing I may have come across like many of those who are anti-network marketing. They have an attitude against the whole industry. But I doubt seriously if they even know one small clue about what the MLM industry is all about, and have never experienced the dream or the desire to have more then they have now, hoping one day to find financial and lifestyle success in a mlm or network marketing business
I agree that network marketing offers anybody a chance. It doesn’t matter what your background was like – whether you were born on the “other side” of the tracks, or were born with a silver spoon in your mouth. Everybody enters on the same playing field and has the same opportunity – the same chance to succeed or fail. Statistically speaking though success comes only to a select few.
One of the big reasons that people quit or fail, is they don’t remember to stay focused on the “WHY”…. the reason they decided to one day join a Network Marketing business in the first place.
Usually the reasons given for taking such a leap of faith are similar to the following examples like these:
* Freedom from a job they hate
* Wanting financial security, because their job isn’t providing this
* Desiring to live life to the fullest – and have the financial resources to do so
* Spend more time with their children, spouse, parents, family, friends, etc.
* Get me out of the financial straights and debt that is drowning 98 percent of all Americans
* Satisfaction of calling their own shots, and being a winner in control of their own destiny.
* Wanting to be a millionaire by the time their 30.
* Wanting to look themselves straight in the mirror and smile, knowing they have proved all of the nay-sayers wrong achiveing the success of building a businessand proving them all wrong.
Why did you join the ranks of the wanna-be-wealthy people – using an MLM opportunity as your ticket? What was going through your mind and emotions when you realized you didn’t have to follow the expectation of working for someone else fo the next 50 years.
One of the reasons people quit their MLM business is because there is a disconnect between what they really want from the business (why they joined in the first place) and the daily work involved that is required to build a successful business. You will be very inspired and be more motivated to excel in your business if you remind yourself every day why you initially made the decision to become involved.
What is your motivation? What kind of dreams will your business make possible? Whose lives will you be impacting and contributing to with your success? What is the vision you carry with you? How will your network marketing business impact your very life? What big plans are you seeking to accomplish?
To keep reminding yourself of these dreams, and staying connected with them takes commitment. Doing the daily activities to see your dreams become a reality takes commitment also. You will build habits that will make the difference between being just a dreamer or wishful thinker – and someone whose dreams come true because you take consistent and deliberate action.
How long do you keep on “keeping on”? There is a sad truth that has shown consistently how many people quit right before they would have won. In other words, they do all this work, and success is right around the corner. But discouragement steps in and they quit.
I suggest that you give your network marketing business at least a year. And make sure you have a good system you can tap into, like My Lead System Pro. Without a good system to show you how you can generate leads every day that WANT your kind of business – you probably won’t last more than 2 months in network marketing.
You can become a successful entrepreneur. It’s no accident that you are reading this blog post. Get going with My Lead System Pro. Get connected with all the training inside My Lead System Pro, and you won’t know yourself in 3 months. And don’t forget to remind yourself daily of your big “WHY”.
Posted in Home Business Leadership by .
When it comes to Social Security benefits, there is such a thing as a do-over.
The majority of Social Security beneficiaries claim early reduced benefits. But a little-known part of the law allows retirees who started collecting benefits to change their minds, start over and reapply for a greater benefit. The only hurdle — they must repay past benefits.
A survey by AARP found that Americans age 44 to 75 fear running out of money more than they fear death. More than half of people age 44 to 54 are afraid they won’t be able to cover basic living expenses in retirement.
Resetting your Social Security benefits is essentially a safeguard against outliving your savings.
“That’s the biggest worry we have — clients living past normal life expectancy and running out of money,” says Brett Horowitz, a certified financial planner and principal at Evensky & Katz. “If they’re going to live to 90, you have to make sure that they’ll have enough money in inflation-adjusted dollars.” Resetting your benefits is easiest way since it’s like having an annuity that’s guaranteed for your lifetime and your spouse’s lifetime and has a cost-of-living adjustment included, he says.
Retirees are allowed to draw Social Security benefits at age 62. However, according to the Social Security Administration, “full retirement age” — when you’re eligible to receive full benefits — is 65 to 67. Until then, the Social Security Administration (SSA) will deduct $1 from the benefits you were to get for every $2 you earn above the annual wage limit, which is $14,160 in 2010.
However, most retirees start their benefits the earliest they can: 42.5% of men started taking Social Security benefits at age 62 in 2008, while 48.3% of women started claiming benefits at age 62, according to the SSA. (Just 7% of men claimed benefits at age 63, and 6.9% of women claimed at age 63.)
Paying It Back
Here’s an example from Kotlikoff:
• Husband and wife — he’s 68, she’s 62. He started collecting benefits at age 62.
• He’s now getting about $21,489 a year in Social Security payments. (She gets spousal benefits of $9,815 because she also collected at 62.)
• He withdraws at 68, waits two years, then reapplies at age 70.
• He repays $117,354 (which is tax deductible).
• At 70, his new yearly benefit amount comes to about $37,111, a more than 70% increase.
• This raises their sustainable spending (how much the couple can spend each year assuming he lives until 100) from $63,505 to $72,908, a 13.5% increase, according to Kotlikoff’s calculations.
If you can afford it, refiling could be like “found gold,” says Laurence Kotlikoff, an economist at Boston University, who has modeled the potential returns involved in the reset strategy on ESPlanner.com.
But it doesn’t make sense for everyone. Consult with a financial planner or tax adviser to figure out if it’s worthwhile.
Who Should Consider a Reset?
If you started taking benefits previously, you have the cash to pay it back, and you’re worried about long life expectancy, this is something to consider, says Horowitz. Someone who started claiming benefits at 62, for example, and reapplied at 70, could see a more than 70% bump in payments, he says. It also protects against the risk of inflation.
“You want to hedge for a long life,” says Kotlikoff. “You have to plan that you live until your maximum age of life, because you may.”
For a married couple, there are other considerations as well. If there’s a strong chance one spouse will continue to be in good health and live a long time, the higher-wage earner might consider exercising that reset option and refiling for benefits at the maximum age of 70, says Christine Fahlund, senior financial planner at T. Rowe Price. That way, when the first spouse dies, the surviving spouse will receive the larger of the two spouses’ benefits for the remainder of his or her life — which in this case would be the highest amount for which either spouse would have been eligible, she says. (The guideline for married couples is that when the first spouse dies, the surviving spouse receives the larger of the two spouses’ benefits.)
In Horowitz’s calculations, when comparing a beneficiary filed at age 62 vs. someone who filed at age 62 and then reset at 70, the payback period (the time it takes to recoup the money you paid back) is about eight years.
Who Shouldn’t Reset?
Your health outlook is important, so if you’re in poor health, resetting makes little financial sense, says John Scherer, a certified financial planner at Trinity Financial Planning in Middleton, Wis.
And there’s also the question of affordability. Depending on how long you’ve been collecting benefits, you could be writing a big check to the government. “We’re sometimes talking about six-figures that you have to pay back. That’s a big chunk of money,” Scherer says.
Resetting also isn’t suitable for those intentionally taking early benefits with the expectation of using this strategy later, Horowitz says. The SSA is looking at many ways to shore up its deficit, and this is one of them, particularly because it’s essentially an interest-free loan from the government. So resetting might not be around when you’re hoping to take advantage of it — or the administration might make it more expensive to repay and reapply for benefits. “Not only could you be stuck with your current low benefit, but your spouse — when you die — could be stuck with the low benefit, too,” Horowitz says.
Posted in Taxes retirement by .
In order to become a millionaire it is necessary to develop The Millionaire Mindset.
When your grandparents lamented that a dollar just isn’t a dollar anymore, they weren’t just bellyaching. Inflation attacks the value of a dollar, reducing it as time goes by so you need more dollars as time goes on. That is one of the reasons that $1 million is often thrown around as a retirement goal. Back in 1900, a $1 million retirement would include a mansion and a bevy of servants, but now, it has become a benchmark for the average retirement portfolio.
The upside is that it is easier to become a millionaire now than at any time before. While you won’t be buying islands, it is still a goal worth shooting for. Read on for 10 tips to help make your first million.
1. Stop Senseless Spending
It’s easy to spend your way out of a fortune. Fortunately, the opposite is also true – you can save your way into your first million. Most people working in North America right now will earn well over $1 million during their working lives. The secret to saving $1 million lies in keeping more of what you earn. Just as extending your earnings offers a unique perspective, doing the same with your spending sheds a ghastly light on the waste. If you spend $5 every day of your working life on coffee, snacks, etc., you lose $73,000 of your lifetime earnings, making it that much harder to hit the $1 million mark in savings.
2. Prune Your Purchases
When you do have to spend, try to get the most utility, not simply the most you can. The difference between great value and utility is a fine line. Buying too much house or too costly a car comes from confusing the two. If you shop for what you need and buy it cheaper than you’d planned, that’s a great deal. By keeping the end use of large purchases in mind, you can avoid this drain on your cash. Before paying more than you can afford, remember that Warren Buffet, a man who constantly jockeys for richest person on earth, still lives in his humble Omaha abode.
3. Target Your Taxes
Another leaky hole you need to plug is the parasitic drain of big government. While you are expected to pay your taxes, it’s the right of every taxpayer to try and reduce their tax bills to the absolute minimum allowed by law. Increasing your tax awareness means making taxes a quarterly chore rather than an annual scourge. Keeping abreast of allowable deductions, changes to your withholding and changes in tax limits will allow you to keep more of what you earn, so that you can put that money to work for you.
4. Crafty Compounding
Time is on your side when you’ve got compounding working on your savings. The earlier you start saving and the earlier you get your savings into a financial instrument that compounds, the easier your path to $1 million will be. You may be thinking of tenbaggers or hot issues that return 10 times their value in a few weeks, but it is the boring, year-on-year compounding that builds fortune for most people.
5. Build Through Your Boss
If you’re looking to save $1 million dollars for retirement, look no further than your boss. With matching contributions, your employer can be your best ally when it comes to building up retirement funds. If you think you need to squirrel away 20% of your income for retirement and your boss puts up 6% in matched contributions, then you’re left with a much more manageable 14%. Even if you are your own boss, there are still options under SEPs
6. Ramp-Up Your Retirement Savings
Rather than letting your boss’s contribution lessen your load, try to put a little extra into your retirement plan whenever you can. Automating your account contributions will make setting your money aside that much easier. That said, making extra contributions a priority will speed up your journey to $1 million and make your golden years that much more golden. You don’t have to eat cat food to do this, just keep your retirement in mind when you’ve got extra cash on hand.
7. Incremental Investing
you’ve got your retirement portfolios where you want them and are ready to start a pure income portfolio, then incremental investing is an excellent way to begin. You don’t have to jump into the market with your life savings to make money. Even relatively small amounts can result in decent returns. The important thing to remember with your income portfolio is that capital gains taxes will be applied yearly to any income you pull out. Again, improving your tax awareness will help reduce the bite, but it takes time and knowledge to make one million solely from a taxable portfolio. Still, it has been done and will be done again.
8. Dare To Diversify
If your portfolio is made up entirely of American companies or is even all held in stocks, then you may need to diversify. In the first case, more and more financial activity is out there in the wider world. This doesn’t just mean investing in emerging economies like China and India that are producing huge gains, but recognizing that there are companies in Europe and Asia that are just as good (maybe better) as investments in the U.S.. Diversifying also means not putting all your money into one type of asset. Being a financial omnivore opens up that much more opportunity in times of growth and makes certain you won’t go hungry when one source dries up.
9. Reconsider Real Estate
Owning real estate provides equity and diversity to your investments. If you own your own home, then paying your rent builds up equity. If you invest in real estate, then someone else’s rent builds up your equity. Real estate investing isn’t for everyone, but it has built fortunes for many savvy people. Owning your own home, however, is usually a good idea regardless of your opinion on real estate bubbles. Peter Lynch, one of the greatest stock investors of all time, believed that you should own your first home before you buy your first stock.
10. Increase Your Income
there is nothing terribly romantic about becoming a millionaire while working a regular job, but it is probably the avenue available to most people. You don’t need to start your own business to pull in a high income, and you don’t even need to pull in a high income if your saving, spending and investing habits are sound. Asking for a raise, upgrading your skills or taking a second job will add that much more to your savings and investments and subtract that same amount from the countdown to your first million.
If you are entrepreneurial at heart, starting a business on the side can actually decrease your overall tax bill, rather than putting you in a higher income tax bracket.
The Three Ps Crucial to Becoming a Millionaire
Persistence, patience and purpose are common traits that you’ll find in every millionaire from John Jacob Astor to Bill Gates. Even though inflation has brought the value of $1 million down from its lofty perch, you still need these traits to reach it. Why isn’t everyone a millionaire? Maybe because it is easier to spend now, buy big and put off saving and investing than it is to sacrifice to reach the goal of becoming a millionaire. Using the tips given here can help you on your way, but you have to be brave enough to take the steps – first, final and all the hard ones that lay in between.
Posted in Personal Finance Small Business retirement by .
Brian Clark of CopyBlogger.com writes this blog post and shares some great insight on how your blog can hit a home run on any given day in any given 24 hour period if you have all of your ducks in a row! Hope Your enjoy this post:
Remember the ecommerce commercial that showed a small group hovering around a computer as they launched their new website? They cheered when the first order notification came through, and again with the second… and then freaked out as the order blips became a relentless torrent.
That’s what Adam Schwartz, CEO of Articulate, said it felt like last Wednesday when we launched their new Rapid E-Learning Blog. The blog attracted 6,312 subscribers in the 24-hour period following the launch promotion, and now has over 8,500 and counting less than a week later.
Existing businesses have incredibly valuable assets that others do not—customer and prospect lists. That being said, telling your existing customers about your new blog full of press release content and expecting them to come running is a recipe for mediocrity. If you don’t have an existing list, you can create an offer that is attractive to social media news site users and your results will be similar.
Articulate is one of the few companies I’ve continued to work with outside of my own projects in the last year, and Adam gave the green light to share the strategy we implemented. Here’s what we did, step-by-step.
1. Positioning: Articulate sells software that allows users to develop flash-based e-learning and training courses based on PowerPoint, which has become known as rapid e-learning due to the ease of use of the tools. The goal for the blog is to provide valuable content related to rapid e-learning development (outside of the software) and to establish 15-year e-learning veteran and Articulate VP of Community Tom Kuhlmann as an authority in the field.
In other words, the blog is designed not to sell software directly, but to offer value to existing and prospective customers of Articulate. The halo effect of Tom’s tips over time can do nothing but enhance the Articulate brand as the definitive leader in the rapid e-learning space.
2. Cornerstone Content: Before the blog was made public, Tom developed some great foundational content in the form of a 7-part series called Rapid E-Learning 101 and a 5-part series called 5 Myths About Rapid E-Learning. A first-time visitor to the blog has plenty of well-organized and targeted content to dive into, which also acts as a motivator to get on board as a subscriber.
3. Incentive: The next step was a free ebook that became the focus of the launch promotion. Tom put together the Insider’s Guide to Becoming a Rapid E-Learning Pro, which focused on the business end of e-learning, and I added a bit of editorial input. This content is unique and valuable to corporate instructional designers because it helps them see what the true role of e-learning and training is within the larger business context. The strategies in the book allow training staff to create courses that provide a true return on investment, and are also perceived as valuable to upper management and the learners themselves.
4. Launch Email: I wrote a brief email formatted in HTML with a nice graphical representation of the ebook. This 72-word email was not designed to sell the subscription, but to sell the click through to the landing page, and was sent to a house list of both customers and people who had downloaded a free trial of Articulate software. The initial response briefly crashed the dedicated server that houses only the new blog.
5. Landing Page: The landing page consists of an ebook graphic positioned just as in the email, a brief intro, 8 bullet points related to the content of the ebook, a statement that lets the reader know they are subscribing to the blog, a call to action, an email form, and a “no spam” statement.
6. Delivery: The email subscription is powered by Feedburner’s email service, so new blog posts are automatically sent to subscribers. The ebook is delivered via the WP RSS Sticky plugin that Chris Garrett also uses. This means that people who subscribe via feed reader will also receive the free ebook.
7. Start Blogging: The launch went very well, and Tom is now perfectly positioned to become the preeminent voice in the growing rapid e-learning space. Mission accomplished, but now the real work begins. Once you’re perceived as an authority, you have a responsibility to continue to deliver, and I have no doubts that Tom is up for it.
No Customer or Prospect List?
The above is an excellent game plan for any existing business to enhance their market position with valuable content delivered via blog. But if you don’t have an existing customer or prospect email list, substitute in a social media site like Digg, Reddit, Sphinn, Netscape or some of the other small niche sites as your launch pad. The key is to offer something that people really want, surround it with other valuable, targeted content, and then continue to deliver over time to maintain and grow your subscriber base.
P.S. For those scoring at home, the promotional email drew a 10% click through ratio, which was fairly strong given that the prospect portion of the opt-in list did not require email validation to download the free software trial (in other words, there was likely a lot of junk on the list). The conversion rate on the landing page opt-in was right at 54%.
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