Starting Own Business: The Four Main Ways

Written by Abel Cheng


Continued from page 1

To find out if you're suitable to run a franchise business, visit http://www.bison1.com/

4. NETWORK MARKETING. Network marketing is also called multi-level marketing or MLM. You can join an MLM company and be part ofrepparttar business by investing between $100 - $200. The startup fee is extremely low compared to other businesses andrepparttar 105495 risk is low. You earn commission by selling products to your customers. Normally, products sold by MLM companies are of high quality and value for money. They are able to do this because they sell products directly to consumers and they save millions of dollars in advertising. The most powerful part of an MLM business lies inrepparttar 105496 people. You can recruit people under you. The people under you are called downlines. When your downlines make sales, you're also entitled to a commission. It's like having a sales team under you. This is a great form of leverage.

Before joining an MLM company, you need to do your own research aboutrepparttar 105497 company, products or services, financial stability ofrepparttar 105498 company, commission structure, and so forth.

To read about a success story of an MLM millionaire beforerepparttar 105499 age of 30, goto http://www.financiallyrich.com/mlmsuccess.asp

To find out more about MLM, you can visit: http://www.mlmknowhow.com

These arerepparttar 105500 four main ways of building a business. You do not need to try them all. Pick one that is suitable for you based on your personality, strengths and weaknesses, and financial resources. Get started and build your own business empire.

Abel Cheng offers small and medium enterprises exclusive global profits insider tips in his free publication, Abel Cheng's Business Diary. To officiate a bi-weekly subscription, please go to http://www.abelcheng.com/diary.html


Top 7 Traits of Extremely Wealthy People

Written by Abel Cheng


Continued from page 1

5. GIVE IT BACK Donate some of your income to charity you believe in on a regular basis. Some extremely wealthy people even have their own foundations. They donate a percentage of their wealth torepparttar cause they believe. The more you give,repparttar 105494 more you receive. Do not hoard wealth, share it with people around you.

6. CONTINUOUS LEARNING Keep learning to improve yourself. Extremely wealthy people believe thatrepparttar 105495 greatest asset inrepparttar 105496 world is your mind. Your mind shapes your destiny. Invest in your greatest asset by reading books, listening to audio tapes or attending seminars.

7. LEVERAGE Extremely wealthy people do not do everything themselves. They know when to let go. They hirerepparttar 105497 right people to do it. Bill Gates doesn't write software, he hires programmers to do it. To be very rich, you must know how to leverage. Hire people and use tools to do some of your work. If you do not leverage, there is so much that you can do, and this puts a limit on how much money you can make.

Besidesrepparttar 105498 above traits, extremely wealthy people dream big and they take action to have their dreams come true. Furthermore, they persevere and have strong desire in achieving their dreams.

Abel Cheng offers small and medium enterprises exclusive global profits insider tips in his free publication, Abel Cheng's Business Diary. To officiate a bi-weekly subscription, please go to http://www.abelcheng.com/diary.html


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