Stop Making Excuses and Start Making Money

July 27, 2008 at 1:12 am · Filed under make moneys

There are two types of people in this world: those who make money and those who make excuses. You have to choose be either one. You can’t be both.

At the end of the day ask yourself this question, “What would I rather have more of? Money or Excuses?” Make up your mind to stop thinking about why you can’t do certain things or have certain things.

All I can tell you is that whatever excuses you think of, it’s all nonsense. Why? Because there are records of people that had the same obstacles you may be facing or the same challenges or the same handicap, yet they have gone on to greater things despite it all. Is that the type of person you would rather be remembered as? I know I would want to be.

It seems like 80-90% of the people we encounter are whiners, complainers, and often make excuses to justify things. No one really cares what your excuses are, they just want to know what you have accomplished or done with your life. And the only people we need to justify things to is ultimately the person we see staring back at us in the mirrorourselves. Can we really look ourselves in the eyes if we know that we didn’t give it our all? How can we justify being a quitter and failure with excuses?

Here are some of the common excuses people use for not pursuing their dreams:

- I don’t have the education or college degree.
- I didn’t come from a rich family.
- I don’t have the capital or the “It takes money to make money.”
- I don’t have the time to start a business.
- I lack the business connections.
- I can’t afford it right now.
- I have two jobs, and I can’t do this right now.
- I want more time with my family.
- I don’t think I can do this.
- I don’t have the skills and talents.
- I’m not good looking.
- I didn’t graduate at the top of my class.
- And the list goes on and on…

Do you forgo your goals and dreams because it is uncomfortable and requires doing things differently than what you’re used to? If it were easy and comfortable, don’t you think everyone would be rich? Of course it takes work and of course we have to change and do things different. Is it worth it to you to make the small sacrifices now to become financially independent and have the time freedom to do as you please?

Look at the alternative. You can work one or two jobs until you’re sixty-five. Then retire and wonder if your social security check is going to be enough to cover all your expenses. Imagine being 65 or 70 years old and worrying about money, paying the bills, and wondering how you’re going to afford going to the doctor, is that a gloomy picture or what?

It doesn’t have to be that way. There are options. More and more people are starting home based businesses and small businesses because they know that securing their financial future now is more important than ever. People are waking up and realizing that the world we live in is full of uncertainty.

–You see nature disasters on TV all the time.

–Economic changes that affect all of us such as rising gas prices.

–Corporate downsizing and layoffs means no job security for your family.

–Long commute time to and from work drains our energy.

–Childcare costs are eating a big chunk out of your paycheck.

–Rising healthcare costs makes it a disaster to ever have an illness in the family.

–Inflation will start to pick up soon.

–Rising interest rates will make your available disposal income smaller.

–Consumer are getting more and more into debt

Are you going to do something now before you’re forced to either by a job layoff or some other unforeseen event? Isn’t it better to prepare for the future by learn how to grow a business part time on the side?

I know it’s easier to just drift with the currents then going against the tide but we really don’t have a choice here. It’s easier to prepare now for the worse then to not know what to do if we had no job prospects and a mounting pile of bills.

To leave you with this thought, whatever time, effort, work, and resources you invest in yourself today with payoff for you in the future provided you invest in educating yourself and in the right endeavors. “As you sow, so shall you reap.” (Galatians 6:7-8) Don’t put off till tomorrow what you ought to be doing today. And stop making excuses and start making money.

Katherine Ly is author and publisher of http://www.millionaire-opportunities.com a resource for those aspiring millionaires. Let us be your guide and friend on this journey to riches.

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How Long Before You Make Money

June 11, 2008 at 5:15 am · Filed under make moneys

With the exception of some not for profit organizations most people go into
business in order to produce revenue (income) and profit. Unfortunately, when it
comes to a home business, and especially network marketing, many people forget
this important point.

In a traditional business, whether a Ma and Pa shop, or a large franchise store like
McDonald’s, business owners know to watch their numbers. A business must make
a profit in order to survive and, if it doesn’t, adjustments must be made accordingly.

One of the reasons for the high failure rate in small businesses, home businesses,
and MLM (network marketing), is because due to the low entry costs and
requirements people often don’t treat them like, “real businesses.”

Two things commonly happen:

1) Many people have the attitude that since they didn’t have to invest much to begin
with they really don’t have to be too concerned about whether they make money or
not, or how soon. Of course, that often ends up being a self-fulfilling prophecy. It’s
not just that way with a business, but with many things in life. If you come to own
something that cost a great deal or required a lot of effort to acquire you tend to
appreciate it more than something of lesser perceived value.

When you consider that network marketing has made some people just as much if
not more money than many other traditional kinds of businesses, with incomes of
as much as $1 million a month or more being achieved, treating a MLM as if it isn’t
a serious or real business is a huge mistake!

2) Because the entry cost can be so low people overlook the cost of not making
money, and also have a tendency not to pay attention to how much their other
expenses associated with their business (such as trips, conventions, and/or buying
extra products or services over and above what you really need) add up over time.

For example, let’s say that you spend $500 to sign up for a new business. Not a lot
of money at all, maybe the price of a cup of coffee a day and some change.

Weeks go by, and then months, maybe even years, and you still aren’t making any
money. Perhaps you don’t think much of it because, you think to yourself, “I only
spent $500 to get started in this business anyway.”

But what are the true cost? Let’s say that in addition to your startup cost you have
also been spending $150 each and every month on buying your company’s products
and services. (Perfectly ok if you enjoy and use all of the products you buy; not ok if
you are buying more than you need simply to qualify for a certain level with your
company!) And let’s also assume that you are spending $50 a month on meetings,
conventions, or seminars (many people spend much more).

So, even though you really haven’t paid much attention because you only invested
$500 to begin with, if your business hasn’t yet started making you money then you
are really spending AND LOSING $2,400 a year, in this hypothetical example. And,
here again, in reality many people often end up spending much, much more.

Going back to the example at the beginning of this article about a traditional
business, like a McDonald’s. Those kinds of businesses often have much higher
costs associated with them, such as a store lease or mortgage, equipment leases,
payroll, etc. It isn’t uncommon for a traditional business to have to operate for
months or years before making a profit.

In contrast — though networking marketing is NOT designed necessarily to make
you a very large amount of money overnight — you can and should be able to
generate an ever increasing residual income for yourself over time, and starting in
relatively short order.

Everyone approaches a new home business differently. Some people prefer to roll
their sleeves up and dig right in, expecting to start making money almost
immediately. While others prefer to first spend time learning more about their new
business, and/or obtaining any available training. So it’s acceptable, if you choose,
to take a few weeks or even a month to “prepare” for your new business. However,
especially if it is your goal to start making money right away, it is entirely realistic
with most networking businesses to start earning viable amounts of money within
as little as 30 days.

Certainly within 90 days you will want to start seeing some kind of payoff in return
for your efforts. And no more than 6 months should go by without positively
starting to see income coming in. In fact, ideally, you should try whenever possible
to not only earn enough money to cover your original startup costs, but you
absolutely should be making a profit (in other words, extra money) within this time.

If after 30 to 90 days, 6 months maximum, you are not making a profit, you should
seriously reevaluate!

To summarize:

1) Always remember to track ALL of your directly related business expenses,
including how much you spend on leads, products and services, meetings, trips and
conventions, training, etc. You must add these expenses to your original startup
costs.

2) Subtract how much money you’ve earned from the number above (your total
expenses) and this will tell you how much money you’ve made (profit), or how much
money you’ve lost and/or are losing.

3) To repeat: If after 30 to 90 days, 6 months maximum, you are not making a
profit, you should seriously reevaluate!

Don’t continue down the same path if you are only spending more money than you are making, and not making any profit in return.

Remember, except for a not for profit endeavor, the purpose of being in business is
to make money. And in order to make money you have to actually make more
money than you spend.

GRPMAX, L.L.C. was founded by CEO Phil Covington in 1979 and is the parent
company of http://www.abcincome.com.
GRPMAX specializes in developing Uniquely Innovative Technologies & Solutions

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Defining the Marketing Niche

May 30, 2008 at 3:07 pm · Filed under make moneys

Ever wonder why some business seem to be more successful than others are? Why do some business flourish even in tough economical times?

The answer is quite simple.

Successful business owners define and target specific niches to sell. This is easily the best way for the online small business owners to compete … and profit even in tough economical times.

How they define the niches?

The answer is quite simple as well. Successful owners succeed in making the close relation between their business and customers needs. They pay a special attention to identify motivate and rewarding those sales channel that works on customer relationship. More than that, these owners recognize that a multiple channels-to-market sales strategy provides the best coverage and get market leadership.

How they define the niches then?

Let’s recap:

1. Identify customers needs, that means to see what specifically needs do the current customers have in common
2. Motivate customers explaining that the product covers the needs. Develop your own product/service, or find existing ones, that satisfy the needs you’ve identified from your research.
3. Reward customers offering a good price, a permanent support and assistance. Create your unique selling proposition, website content, and advertising campaigns. Stay close to your customers answering questions and providing available support.

To succeed in all above, you need a plan. My suggestion is to create a micro-plan for the very beginning, because that way is easy to see how much this plan is just plain copying the leader or the extending present product ideas. Try to be innovative, this is the way to big success.

Valerian Dinca is a freelance writer specialized in internet marketing. He thinks that any home business is an opportunity to make money

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