If you are serious about changing and improving your financial position, your current job, like most jobs, will not provide the necessary opportunities.
But what about becoming your own boss and starting your own business? This sounds romantic. But after the romance wears off, the truth is: business ownership is nearly always a 24-hour-a-day treadmill. Most entrepreneurs do not own their businesses – their businesses own them. Even after putting in all those hours and mortgaging their homes or borrowing from loved ones, small-business people only really own their jobs. And then there is the fact that only 1 in 10 small businesses last long enough to celebrate their 10th anniversary. Now that is frightening. So if it is money you want, jobs or small business are not going to help. So what now.
What the world needs is a business concept that works. A business concept that can result in an income supplement which will eventually supersede your present salary – and beyond. In order to understand the value of this concept, there are 4 principles I would like to share with you.
The elements of a business (What makes a business successful)
The company – The company is the business vehicle that you choose. Unfortunately, 9 out of 10 companies fail within the first 2 years, and that is why many entrepreneurs do not join organisations that provide business opportunities until those business are at least 2 years old.
The products – If you sell non-consumables, you are unemployed until your next client purchase the product. “Intangible” consumable products, such as cell phones, are different – they generate income every time the phone is used. Other examples are annual travel packages, repeated Internet connections and the renewals of households insurance policies. Repeating commissions generate what is known as “residual income”.
An expanding market – Consumers must want and need your products. If you have to convince your market that they need your product this month, you will end up having to convince them every month. On the other hand, if your clients need your consumable product or service from day one, they will need it again – and again.
Trends – Trends are the cycle in a given economy. Timing in each trend is also important. For example: a speculator would want to sell something at the peak of its pricing and purchase when that same product is a dime a dozen. Those who are trend leaders are usually the ones who are making large amount of money.
Affiliate marketing is the ideal vehicle start as a new home-based business. Since all you need is a few hours a day, a computer with Internet connection and the desire to succeed. Promoting and marketing products via the Internet as an affiliate marketer is extremely easy.
Firstly you will need to sign-up at one of the vast digital market places on the Internet, do not worry it is free. Then have a look at what their marketplace looks like, choose a niche and then choose a product to promote. On all these websites are tutorials to help you get set up, so by just spending a few minutes, you will be a few steps closer to financial freedom.