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The main premise of the Kiyosaki's Rich Dad, Poor Dad book is that you need to stop thinking like an employee and start thinking like an owner. One of the first steps in this process is to make you money work for you.
The other option that you can use to add products to your online store is to operate through dropshipping. Consumers place orders through your site. You, in turn, forward the order to the manufacturer or wholesaler. The merchandise is then shipped directly to the buyer. Most times, a retailer makes their money in the difference between what they are selling for and what they are buying for. With the proper marketing and promotion, customers will be directed to your store.
Me: I'd want you to recall my previous answer. In addition, if you become jobless (for any no. of reasons) can you sustain yourself (& your family) for several years? You need to've a BACK-UP source of income - esp. passive income! This'll ensure your sustenance & security for years, even if you're jobless.
Majority of the millionaires are a sophisticated investor. They know how to play with the cash flow. They will not put all the eggs in one basket. However invest in property and stock market will need capital, one of my mentor taught me that do not to go into any investment until you have a stable income from your business. In other words passive income. Take this journey slowly and steadily. Do not rush into it.
This is why a detailed website may not be a good idea. It makes it too easy for imitators to read what you're doing - and then get it all wrong. As a pioneer, you need to consider the financial costs of owning the category from the get-go, until you are well-established and earning money.
I have interviewed a bunch of smart real estate investors. They have told me to get in the real estate game. If you're not in the game, you can't start building wealth this way. Most of them say to start small. You don't have to be a gazillionaire to invest in real estate. You just have to have enough money for the down payment, and enough money in cash reserves to cover the mortgage in case your renter flakes out. The smaller the property you buy, the smaller the mortgage, and the smaller the risk you are taking.
I made a typical weekly schedule in Excel and used colors to delineate the time spent on each project. I work at home. I am at my desk at 9 AM, take a 15-minute Falun Gong movement break mid-morning and get a cup of tea, take a half hour for lunch, and stop around 5PM. Often I go back into my office for another hour and a half at 7:30 or so. Saturdays are absolutely set aside for creativity and Sundays are lie-about-smartly days. Adjust them to your needs and expectations.
I like to choose a topic I am familiar with and that I can write about easily. It must also be a topic that will be of interest to my target market. This makes the entire process much easier and more profitable in the long run.
You want to increase your income without increasing your work time. How so? By learning how to create passive income. For example, I make $300 off one of my website – and I did absolutely no work on it.
You would think, “My gosh, how do you make sense of it all? How does it all fit in to one package?” This is the trick. The trick is you can do lots and lots of different things and teach those different things if that's your type of business, but ask yourself, “What is the umbrella that captures it all?” In my case the umbrella is client attraction. It's about getting more clients, making more money and having systems for it all to run so smoothly together.
When we talk about real residual income, it means that once you have put out an initial effort, you would no longer have to do any additional work to earn. This is definitely not true with MLM. You would still need to recruit other people into the company so that you could get to earn an income from your downline. You would also need to constantly monitor your people, so you are still playing an active part in earning your income.
As mentioned earlier, people do not buy at the first time you offer them. The research showed that many buyers will only purchase after being offered six to seven times. The fact surprise you, doesn't it? However, do you think the same visitors will come back to your website and be offered for six to seven times? Therefore, holding the subscriber contact information can eventually help you archiving your financial goal.
Long term passive income is revenue that flows on a continuous basis by work that is done just once. Working from home, most of your effort will come in during the first few weeks or months; as you set up your business. Afterwards, there is very little required from you on a daily basis. There are numerous business options when you are considering long term passive income.
I made a typical weekly schedule in Excel and used colors to delineate the time spent on each project. I work at home. I am at my desk at 9 AM, take a 15-minute Falun Gong movement break mid-morning and get a cup of tea, take a half hour for lunch, and stop around 5PM. Often I go back into my office for another hour and a half at 7:30 or so. Saturdays are absolutely set aside for creativity and Sundays are lie-about-smartly days. Adjust them to your needs and expectations.
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