But when you find a way to serve a million people, many other benefits follow. The effect of word of mouth is greatly magnified. The feedback you receive is exponentially greater–and so are your opportunities to improve your products and services. You get to hire more employees and benefit from their experience, their skills, and their overall awesomeness.
I love like hearing all of your podcast. Right now I am only learning about business and the basics. I’m only 18 so I have a little time to look for something I’m passionate about. I’m just learning as much as I can, and I’ve already learned a lot from you! Thank you!
With that being said, I could generate different sources of income within my first business until it could sustain itself without needing so much of my attention. This actually brings me to my next point…
I fell for the jay effect kaching scam. I am a stay at home mom. With my disabled son. I wanted the opportunity to to give my son a much better life. I was so naive. With having no internet experience. Can’t explain the feeling.
“Most of these millionaires that I’ve interviewed are normal people like you, me and everybody else,” he says. “They’re not Rhodes Scholars. They’re average people who changed their mindset and went to work. Most are not living in giant mansions. They’re living quietly. They’re our neighbors, but they have millions of dollars in the bank. They never worry about money and never have to worry about it again.”
Because of this mentality, after graduating from college, I began studying for law school, assuming that was the logical choice https://youtu.be/uuwWWjFUXsQ a history major. However, the more and more I heard from existing lawyers, the more that path began to scare the hell out of me. Eighty-hour work weeks, two weeks of vacation, never seeing my family — that was the path I was headed down.
We have always believed that we need to be smart, well-organized, hard-working and tough negotiators to be successful at work. However, has anyone told you to rely on your emotions for success? The answer is probably not since most people tend to believe emotions only get in the way.
Subscription-based models and membership programs sell a customer once and earn a profit every month as long as you keep those customers happy. An example of this is a website information portal selling a service provider directory listing. The website charges $99 a month and receives that payment every single month of the year as long as the website remains popular and relevant. Passive income models could incorporate a low monthly fee for on-demand customer service or maintenance, subscription access to exclusive coaching or a newsletter with interviews, book reviews and market analysis on your industry.
Some secondhand clothing stores pay cash for “gently used” clothes. For example, check online to see if there is a Plato’s Closet or Buffalo Exchange near you. Brand names usually fetch the most cash.
Good list. Some definitely good examples, if people really want to try. I think “interview other people and sell the interviews” will work the best. Or just build a website and post those interviews. I have managed a few websites where we interviewed people and those get a lot of visits from Google searches. For anyone out there willing to interview people I would recommend it, it will make you money.
I am grateful for all that I have today and want to help as many people do the same and more. No matter how impossible this may seem to you today apply the ten steps above and you will create financial freedom for yourself and your family. Good luck adding zero’s and post your questions in comments below and I will try to answer them.
You already watch plenty of videos online, so why not make a little extra money while you’re doing it? Swagbucks is a site that rewards its users with gift cards for taking surveys, watching certain videos, or conducting web searches with its search engine. You earn points by participating in Swagbucks activities and you can then redeem those points for gift cards or cash back from PayPal.
It’s also not a ‘get rich quick’ scheme. You will have to work I’m afraid! However with the growth of social media, network marketing is becoming easier and lots of people are now making a decent living from it.
Great article Brandon. Very inspiring! Read it twice. 🙂 Although all 3 legs of the wealth tripod are critical. I strongly believe in the first one. It also resonates with Henry Ford’s quote: Whether you think you can, or you think you can’t-you’re right”
there’s a fairly important flaw in your thinking here. And that is (correct me if I’m wrong) that you can contribute 15% of your gross pay to your 401k, up to a maximum of $15,500, but you can’t contribute the maximum unless it represents 15% of your pay. To do that, you’d need to be grossing $100,000, hardly a common salary for a a 20-year-old.
Hi John I an so glad I read your view on this as I was looking in to it . I would like to know about what other advice you could give some one who wants to learn more about making money on line and what great opportunities you think might be out there for me to look in too,
Just today I was ordering a house-warming gift for a friend who moved into a new home. I sent their family some gourmet cookies. The company I bought from has a service where you can “subscribe” and have cookies sent to your house every month.
Follow the money and keep following it and be willing to do things you don’t love but that will continue to increase your income. The opportunity to increase income does not come from doing what you love but by identifying where the financial opportunity is allowing you to finally control and increase your income.