The 8 Myths About Creating WealthWritten by Nikola Grubisa
You have probably read or heard about various myths (these are truths that are valid only for certain cases, but not in general) surrounding wealth and wealthy people, all of which hinder your quest for financial independence. Here are most common and most destructive:Myth No. 1: How much you earn depends on how hard you work If this were true, then physical, blue-collar workers, who have been working hard for years, would have been wealthiest people on earth. Of course, this isn't true. They form most of workforce and vast majority of middle-class. If you witnessed your parents coming home tired from a long day's work in your youth, you probably learned that money wasn't a sufficient reward for all that effort. People who work "just" for money often have debts because they comfort themselves with whatever they can buy, beautiful things they lack when working. Myth No. 2: Being paid for something you enjoy isn't work and you shouldn't ask for money for doing something that is enjoyable. Check this with millionaires. They all have so much money that they don't need to work anymore. Nevertheless, they work for other reasons, challenge, satisfaction, fullness of life, activity, fun ... and all are connected to a love for their work. If there was no joy in doing a certain task, they would do something else that would make them much happier and that enables them to realize their dreams. In fact, if you don't enjoy your work, you will never become wealthy doing it! However, just because you enjoy your work doesn't mean you shouldn't get paid for it - in fact, that is ultimate goal, to get paid for what you already enjoy so it never feels like you are at work! Myth No. 3: You need to be in right line of business to amass wealth Do you think so? This must mean that all people who are involved in same business are millionaires. Of course, this isn't true. In each business there are winners and losers; winners abound, even in businesses that consist of distasteful (to most) or "impossible" work like sweeping streets, collecting trash, working in a factory, pumping gas, selling newspapers, etc. On other hand, there are just as many "losers" in businesses like selling real estate, management or being a stockbroker. Myth No. 4: You need right education to make a fortune Are most educated people really wealthiest? Not at all! In this case, university professors would be wealthiest people on earth. Ask them about their salaries, if you get opportunity. The truth is vastly different - wealthiest people are those who can convert their knowledge (or education) into money, in best possible way. They can be highly educated people (like inventors, scientists, etc.) or almost ignorant. Being formally uneducated does not equate to poor performance on job or inability to form a strong enough vision to carry a person to success - they can easily be experts without having a formal education. Myth No. 5: It used to be easier Statistics show an increase in number of millionaires in world every year. Talking about "good old times" only offers comfort and a convenient excuse. If you look around, you'll see there are people who behaved same way in "good old times" as they do now, yet their success has been recent. With technology and progress come new ideas, desires and needs and there are more business opportunities appearing daily to serve them.
| | Business Opportunities OnlineWritten by Pavel Lenshin
To get most from informational era you should have deal with digital products. Information stored on data medium is major representative of that kind of products. Let me specify some of beneficial features information possesses as an intangible substance:* No direct maintenance expanses. * No overhead expanses on additional producing, copying and distribution. * Truly unlimited supply. * Relatively easy and quick ways of delivering. Don't you think that these features are forming God Blessed Business? There are lots of opportunities of dealing with tangible products using power of Internet through wholesale distributors and drop-shippers, but perspective of dealing with not only customers but suppliers and of dealing with not only payment chargebacks, but a tangible product chargebacks as well, makes this opportunity not so appealing to online business newcomer. Besides profit margin and therefore your income on any info product is always higher. BUSINESS MODELS ONLINE. So conclusion of starting new informational online business is obvious. Let us quite briefly examine most popular opportunities here. Among them are: 1. MLM. 2. Affiliate programs. 3. Private eBusiness. 1. MLM «opportunity». The word «opportunity» in headline of that section was taken from quotes because MLM is more likely to be opportunity for its owner rather then participants. But let us look into it step-by-step. One of alluring prospects for any online newcomer is target of «being-your-own-boss». Internet is a virtual economy, with virtual employers, employees, virtual corporations, partnerships, and private businesses. MLM has its own organization structure with respective bosses, administration, clerks and so on. The shocking fact about it is that people are eager to change their 8-hour off-line job to 12-hour on-line job for same but virtual boss, usually to be paid much less! But wait, that's not end of story. MLM members, as we know, actually pay their «bosses» for «right» to work for them. Do you imagine paying your «off-line» boss $20-70 monthly only for right to come to your office and work for him? Why not? If you and your colleagues pay that money, your boss will be twice more kind with you than any up-line MLM team leader. Try :0) A very good question to ask in any business endeavor is: What am I paying for? Efforts to take, money to spend: 1. You are not supposed to run and support a personal web-site (page) promoting MLM, but these chances of success, in that case, are greatly decreased. 2. Recruiting people is crucial and it forms main business task you should fulfill. In other words you have to sell «virtual MLM success», what is much more harder than selling any real services or products that have their perceived value. Product sales are subsidiary in any MLM. 3. Usually, your right to earn in MLM will include entry and/or monthly fees. Plus buying their products is also, quite often, a must for working and earning in any MLM. Your earnings are divided between you and your up-line. The more greedy mouth you have above, less will rest for yourself :0). 4. MLM participant is more likely to be an MLM employee, who should keep on referring people to see any residual income at least in 3 months, more often, a year. If participant enters and starts working on a second MLM «opportunity» his or her work in first MLM won't have any progress. 2. AFFILIATE PROGRAM opportunity. Affiliate programs are entry level of cooperation in business. The highest (and most profitable) level of partnership between businesses is join ventures. Next step is only to business acquisition or merger. Business cooperation takes its roots from times of primitive communal society, when a hunter made a bargain with a fisherman to provide him with a part of his pray for share of fisherman's catch. Now it is a worldwide practice to attract third party sellers for share of generated profit in order to extend sales volume focusing on new products development or clients servicing. The affiliate seller in that «game» is also in funds. By selling other people’s product affiliate earns a commission without hassle on producing, managing and servicing anything. Some features which were considered to be benefits of MLM business like commissions on sales made by referred members of third level have been implemented in some affiliate programs, creating so-called two- or three-tier programs, but in contrast with MLM business partner isn’ t obliged to pay membership or any other fees.
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