Common Wealth Building Myths

There are some common myths that hold work at home businesses and investors from achieving success. These myths can has a powerful psychological impact on small business owners, stopping them from building wealth, and preventing them from reaching their full potential.

 

Money Breeds Money

 

This may have been true pre discovery period, but it is not true in the Internet age. The myth that you need to be born into money, or attend an Ivy League school, or you’ll never know how to make real money is a difficult roadblock to overcome.

 

Millionaires are made every day. Most start with nothing, and use a program that failed for thousands of other business owners. Bill Gates, Ophra, and Martha Stewart all started from humble origins.

 

Money is Made on the Backs of the Poor

 

If you are afraid of going for the brass ring because you fear ruining someone else’s life, then relax. Your playbook can be moral, ethical, and built on old fashion values, and it will lead you to untold wealth. The easiest way to become rich is to create value in other people's lives.

 

This myth is high-grade, premium quality nonsense. There is enough money for everyone. Many ‘work at home’ programs prove this. The company may sell 10 000 programs. Just because only 100 people succeeded doesn’t mean that the program was a rip off. Those who do not succeed don't believe they can.

 

Remember that success starts in the mind. You need to believe that you can succeed before you will succeed.

 

You Must Sacrifice Family to Build Wealth

 

The baby boomers believed this and introduced one of the highest divorce rates in recorded history. However, their children have learned the value of balance, and the truth behind wealth. The rich and famous do not work as hard as the factory workers who run the companies that built their wealth.

 

This generation has coined a new phrase, ‘work hard, or work smart.’

 

There's a difference between working hard and working smart. Successful people learn to work smart. They learn emulate successful people and use them as models so they can avoid mistakes other people make.

 

You can save a lot of time, money, effort as well as some major headaches by finding a mentor, or hiring a life/success coach.

 

Getting your business started and running require work but you can chose to have a successful business and a family.

 

Rich People Cannot Live Normal Lives

 

Most of today’s millionaires live in suburban towns and lead normal lives. The dream of living the rich and famous life has lost its lustre. More people are learning that the fantasy of wealth was more attractive than the reality.

 

However, you can live the good life without giving up a normal life. There is no reason why you cannot take a vacation with your family at a local camp ground on the weekend, and then attend a conference in a $2 000 outfit and $800 shoes through the week.

 

Don’t let the fear of being rich stop you from reaching your dreams.

 

Life is sweet. It will be what you decide to make it as long as you remember that no one can define who you are - unless you give them the power to.

 

Building Wealth Through Joint Ventures

Almost every one of today’s billionaires built their empires on a joint venture of some sort. In the past, joint ventures were built on mergers, friendships, networks, and alliances. The internet has introduced join venture companies which work to join web publishers with products they can sell.

 

The fundamental principles behind joint ventures makes solid business sense. It is often cheaper to pay a content rich website a percentage of sales, or a fee for inbound traffic, in exchange for exposure.

 

Content rich websites are hard to manage, expensive to build, and are usually out of date within months. Adding content weekly can cost $8 - $15 an article. Managing a 1000 page content rich site, including newsletter, forum, blogs, and community can be downright debilitating.

 

That is why the web works to join content rich web sites with small businesses ventures. But, like everything, there is a right way to form a venture, and a wrong way.

 

Affiliate Programs

 

One of the most popular is the affiliate programs run through Commission Junction, Click Bank, and Amazon’s fulfilment program. These let the web publisher choose the products they want to promote. In return, the small business receives a ‘pre-selling’ tool, and increased traffic.

 

However, not all web publishers are equal. Many do not understand the finer points of pre-selling. They believe their only purpose is to create a ‘place holder’ on the web for the ad to appear on.

 

This makes it frustrating for the small business owner who pays for thousands of clicks but makes relatively few sales.

 

Most businesses throw up their hands after a few months and cry, ‘Is there something better?’

 

The answer is a simple - Yes.

 

Joint Ventures

 

There are thousands of joint venture opportunities out there. There are probably less than a dozen legitimate ones. Most of them, priced way beyond what a work at home professional can afford.

 

This forces work at home professionals to do things the ‘old fashion’ way. Take time to surf the web. If one or two websites offered a great ROI (Return On Investment) for your PPC (Pay Per Click) Campaign, then visit the website.

 

If the website includes a forum, blogs, new content, mailing lists, then the small business person found a gold mine. Contact the web publisher and ask them if they would be interested in a Joint Venture.

 

The odds are good that Google is not paying them something equivalent to what you are paying the PPC program. If Google is charging $.50 per click, and the monthly cost is $100.00 then offer the publisher $50 - $100.

 

In many cases, some of these publishers are happy to receive a guaranteed $20 a month.

 

Quality

 

Freedom to surf the website and look for the best content management sites can dramatically increase their ROI.

 

Some of the biggest content management sites have their own advertising fees. This can make life easier, but there are ways to offer publishers more value.

 

Add Value

 

One way to add value is to ask the publisher whether there is anything you can sell for them. Many web publishers can easily whip up a book. Adding it to your ‘package’ can improve their desire to help you sell, and give them more links.

 

Success

 

The success of a joint venture program is wrapped up in the contract. If the venture doesn’t require a legal contract, then contemplate using a service like www.adbrite.com where you can work together, using the Adbrite platform to keep track of data and help build wealth.

 

Building Financial Security Steps 4 to 6

Step 4: Learn to Set Goals

 

Most self-made, successful business people and investors have achieved their success by planning to do so.

 

They have set goals for themselves and achieved them. They invest time in reading and learning about wealth creation and are happy to learn from other people’s mistakes and experiences, as well as their own. They set goals, and realise that they will be far better able to achieve them if they familiarise themselves with the ways in which other people acted and the things that others have done to succeed. Wealthy people create wealth by carefully utilising the income that they have available to them to their best advantage. They know that working harder and longer hours is not the way to achieve financial freedom, instead they have to utilise what they have, and make it grow.

 

Having a goal enables you to focus your energies on devising ways to achieve it. When someone makes a decision and begins focusing on achieving a specific goal (and even better in a specific period of time), the powerful subconscious mind goes to work and begins playing with ideas and developing strategies of various ways to bring about the successful completion of the goal.

 

When you set yourself a goal both your conscious and subconscious start working on it and begin to develop an action plan. You will begin asking yourself questions about what needs to be done to enable you to reach your goal. Many find themselves coming up with amazing ideas and solutions to problems or obstacles that have been in the way of achieving their goal. The subconscious is an extremely powerful tool. The more often you remind yourself of your goal, the more your mind will work on ways for you to achieve it. Some people find answers come to them when they are asleep and dreaming.

 

Have you ever noticed that there is no correlation between being wealthy and having a high IQ or a university degree? If there were, every doctor and university graduate would be wealthy, and as statistics show, most of them end up in the same situation as 95% of the population.

 

Setting Goals helps you to focus your energy on developing workable strategies. Setting long term goals helps you look at the big picture. Once you can see the big picture, you can develop small sub goals. Sub goals are small simple goals that can be followed one step at a time. When you progressively achieve your sub goals, you will get closer and closer to your major goals. Goals are simply plans to succeed. It is said that if you ‘Fail to plan, then you plan to fail’. Goals help you keep motivated. Progressively achieving your goals can lead to a wonderful feeling of fulfilment.

 

Step 5: Learn how to Budget.

 

Budgeting does not have to be tedious. All you need to do is to work out:

What your incomings are. What your regular outgoings are and then make sure that all of your other expenditure is less than the amount remaining. This will allow you to start saving and investing. Budgeting puts you in control of your finances.

 

Step 6: Learn about investing - in particular about property investing.

 

Learn to research the property market, so that you will be able to purchase properties that will not only give a good rental yield, but they will also return the best capital growth possible. Read investment books. Read auto-biographies of successful people. Speak to people who have succeeded in doing what it is that you want to do. The more you learn, the easier it will be to recognise a good investment.

 

Find out about Negative, Neutral and Positive gearing - and why gearing is an invaluable tool, which will enable you to build up a wealth base in accelerated time, compared to if you only invested your own hard earned dollars.

 

Once you have educated yourself and understand why investing in property is such a powerful tool, you will be able to embark on the road to financial security.

 

In Australia, and many other countries less than 5% of the population reach retirement able to support themselves, without government or family assistance. If you want to be one of them, then now is the best time to start striving toward financial security.

Building Financial Security Steps 1 to 3

We would all like to think of ourselves enjoying the good things in life, not having to stress about finances, and not having to be concerned about growing old, poor.

 

But if we are currently living from pay cheque to pay cheque, never seeming to get ahead or having any savings, how do we change things? Where do we start in our quest for financial security?

 

The best thing we can do, is sit down, take a deep breath and contemplate the differences between the haves and the have nots, the achievers and the laymen. What is it that the successful and wealthy do, that is different to us? What are the principles that they utilise to create wealth?

 

Once we find out the principles that others who have created financial security have used, it seems that then the only step left would be for us to try and duplicate the process.

 

Following is a list of some of the wealth building principles that I have discovered in my study of and conversations with successful people.

 

These concepts have been utilised extensively by those who have already created enormous wealth.

 

Step 1: Use the power of Compounding Interest/Growth.

 

John D. Rockerfeller once described compounding interest as the ‘Eighth Wonder of the World’.

 

Compounding is also referred to as Rate & Time because the longer the time, and the higher the growth rate, the greater the effects of compounding become.

 

Compounding works by letting any interest earned get added to the initial investment, and then the next lot of interest is calculated on the sum of the two, and so on. Interest is earned on interest. This gives the effect of exponentially increasing the value of an investment.

 

One of easiest ways to calculate how compounding interest works with different rates of return is to become familiar with the Rule of 72. This rule states that ‘The number of years that it will take for your money to double is 72 divided by the interest (growth) rate’.

 

Therefore if you have $1,000.00 invested at 10% interest, then the number of years that it will take for your money to double to $2000.00 is 7.2.

 

72 divided by 10 = 7.2

 

Step 2: Use the tried and true method of investing in residential real estate.

 

Statistics show that over 98% of the world’s millionaires have made their money through property.

 

It should really not come as a surprise, because everyone needs a place to live, and generally at least one third of the population are renting. Property is a necessity, so it can never go out of fashion.

 

As the population increases, so does the need for housing. The laws of supply and demand therefore will ensure that prices keep rising.

 

Banks consider property to be one of the most secure investments and because of this they will loan you a high percentage of the value. This leads to the next principle.

 

Step 3: Using Other People’s Money or Gearing is a tool used extensively by the wealthy.

 

Why is using Other People’s Money so important? The reason is that it is possible to use ‘leverage’, also known as ‘gearing’ to obtain a greater result, than you could have obtained using only your own contributions. The word leverage comes from ‘lever’. As you know a small amount of force applied on one end of a lever, can produce force far greater than what was initially exerted. A lever has the effect of multiplying the power exerted.

 

In the case of investing, it is referred to as leveraging when you use just a small portion of your own money, say 10% deposit on a $300,000.00 house, and borrow (leverage) the rest, in this case 90%. The capital growth that you benefit from is then calculated on the full $300,000.00, not just the $30,000.00 that you personally contributed, having the effect of multiplying your capital gain.

 

Gearing allows you to purchase a far more expensive property than you could if you were using only your own money. Controlling assets of a higher value means that compounding growth has more to work on, and therefore your net worth will increase much quicker. Gearing allows you to build an investment portfolio more quickly than would otherwise be possible.

Automatic Wealth - The Internet Makes It Possible

Attaining wealth and prosperity is a dream most everyone has, but few ever achieve it. Why? The average person is stuck in a rut with a job they dislike and overwhelming debt. This cycle is hard to break, but many people are breaking out and achieving their financial goals through the Internet. The Internet has made it possible for millions of people to create automatic wealth, and there's still room for you! Here's how you can discover your Internet wealth dreams.

 

Create Wealth, Not Just an Income

 

With the Internet, the opportunity is there for you to create automatic wealth, not merely an income. You can build one automatic business or several until they reach prosperity - right from your own home computer. The Internet creates the ultimate wealth package because it's so vast in the number of people that use it, but yet, so personal in that one little niche market can earn you a fortune.

 

You can choose from thousands of business ideas and pick one small market to target for your business. A small market online, however, can mean big dollars for you because it might contain thousands or millions of prospects around the world. The Internet connects you to the outside world and doesn't limit you to those who drive or walk past your local store location.

 

Automated Business

 

Another reason it's more feasible to achieve automatic wealth online is because you can have an automated business. Automated means it can run on auto-pilot once you design your website and set things in motion. You can receive automated payments through online forms. You can automate an e-zine (email newsletter) to your customers. You can automate electronic products by email such as e-books or training materials. There are a number of ways to create automated wealth with an Internet business.

 

No Longer Wait for Paychecks

 

Another advantage of an Internet business is you can receive daily payments through your website. Many online business owners accept credit cards or use a third party payment processor such as PayPal or StormPay to accept payments from their customers. Through these venues, money goes directly into your account. This gives you a steady cash flow for your business so you can have capital for your income, business promotion, and inventory.

 

Tips to Build Automatic Wealth

 

• Use your free time at home to surf the Internet and find business opportunities that interest you.

• Join with one or a few others who are already successful so you can learn the basics of online business. Even if you need to make a small investment, it could be well worth the training you'll receive.

• Decide on a business that's right for you and schedule daily times to work on your business - promoting, analyzing, and building.

• Keep building until you've acquired enough automatic wealth to quit your day job!

 

Whatever Internet business you choose, remember that it takes patience and consistency to build an online business, just as it would any other type of business. The main differences are that you can work from your home as you're building the business, you can set your own work schedule, and you can earn a lot just by reaching a small niche market for almost any popular product. Start today with your new online business, and you too can soon realize your dreams!

Attract The Wealth You Deserve

Is it good when you have huge deposits in the bank, plenty of valuable possessions, abundance of anything of value? Nearly all, measured wealth is in monetary factors. We say that people are wealthy when we see their grand mansions, different cars, lots of jewellery, or expensive clothes.

 

We assess wealth by material possessions. Wealth can be inherited or created. Only few are born wealthy, most need to work hard and sacrifice a lot of things in order live like a prince. Wealth begets wealth if you know how to manage it.

 

So the more money you have the more you will become wealthy. Richness offers a lot of opportunities and opens closed doors. It elevates your social standing and gives you power. Ordinarily, it gives superficial happiness. Possessing lots of money is heaven here on earth. You can buy anything you desire, go anywhere you want and own anything your heart desires.

 

But too much wealth has also its disadvantages. You can read in the papers, wealthy people committing suicide; children of affluent families involved in drug addiction, or people committing murder because of money. Most of these people become distrustful of others and abusive of their fellowmen. Perhaps the saying that money is the root of all evil is true.

 

Problems with wealth are common that it afflicts people everyday. It affects our everyday relationships, strain on our family lives and even destroys friendships. Wealth problems are mental afflictions that still have to be dealt and overcome; otherwise, it will ruin your life.

 

Hypnotherapy is one way of dealing with problems related to wealth. Hypnosis has been proven to be effective for similar problems. It is a solution to real life physical, emotional and even financial crisis. Focus on going over that mental block concerning your wealth problem. Have a mindset of ruining the dilemma you have and just believe you can actually do it. Once you get over it, it will let you sleep better and eventually improve your life.

 

What does wealth mean to you? Wealth is not just about the amount of money we have, rather, it is more of a state of mind. It may be funny how people spend their lifetime to have abundant wealth and yet so little time enjoying it. Wealth may also be classified in other forms, like having abundant love from family or friends supplemented with good relationships.

 

A Couple of Steps To Help You Be Rich

Your advanced wealth planning strategies should not consist of you going it alone. The key to advancing your wealth is building a quality team of advisor's. Your advisor's will make you or break you. Advancing your wealth cannot and should not be done by yourself. Many people make the mistake of doing everything themselves. Doing everything yourself is fine but if you want to increase your wealth you will need advisor's. Money is an emotional subject for many people. Everyone goes through money problems (even the very wealthy), how you and your team handle your money problems is what counts.

 

First you should hire a bookkeeper. In order to increase your wealth you must know what direction your money is flowing. Is your spending helping or hurting you? Yes there are many people who balance their own check books but you need an outside opinion. The amount of money you are making is irrelevant when it comes to hiring a bookkeeper. Whether you are making 250,000 dollars a year or 25,000 dollars a year you should still have your own bookkeeper. Once you have your bookkeeper you can now go over your monthly financials. You will see what good and bad spending habits you have. Then you can work to out the bad spending habits and increase the good spending habits.

 

The next adviser you should have is your financial adviser. Hiring a good financial adviser is one of the best moves you can make. He can help you plan for retirement and other things. Having a 401 K with your company is not enough, be sure to get a financial adviser.

 

Getting a tax strategist should be your next step. It really does not matter if you are self-employed, own your own business, or have a 9-5 job. Getting a tax strategist is essential because your eyes will be opened when you see the way money is taxed for different people. You will also see how people are penalized with heavier taxes by bringing in a certain type of income.

 

When choosing your advisor's choose carefully. Do not just hire an adviser who makes money off of commissions. You want an adviser who practices what they preach and is successful at it. Your advisor's will be able to help you setup many advanced wealth planning strategies.

 

An Introduction to the Three Biggest PPC Platforms

PPC has completely transformed the way that people advertise on the web. This is a new form of advertising for what is a very different medium – a very more interactive medium – than television or magazine.

 

PPC stands for ‘Pay Per Click’. What this means for advertisers is that they are only paying for each click. If their ad isn’t successful and no one clicks on it, then you don’t pay anything at all. That can mean free exposure sometimes! A bidding system comes into play whenever an advert is shown and that means that the cost of each click will depend on the amount of competition – again this is good news because it means that some advertisers will be getting nearly free visitors when there isn’t much competition.

 

At the same time though, because they can set their own ‘maximum bid’ for each click, this means that advertisers can decide precisely how much they are willing to pay for any new visitor. By keeping this lower than the amount they earn per visitor, they can nearly guarantee they will make a profit from those efforts.

 

Also, important though is targeting and this is where the differences between the different PPC platforms start to come into effect. Read on and we’ll take a look at the three big choices when it comes to starting a new PPC campaign.

 

Google AdWords

 

By far the biggest PPC network is Google AdWords. When you pay for adverts on Google AdWords, they will appear on the ‘SERPs’ or the ‘Search Engine Results Pages.’ Thus, you need to start by first choosing a keyword that you want to target. If you are selling hats for example then, you might choose to target the keyword ‘Buy Hats Online’. Of course, it’s important to think carefully about your keywords to ensure they don’t have too much competition.

 

Google is the biggest search engine means that you’ll gain access to the most visitors – but you’ll also pay the most due to the other advertisers.

 

Bing Ads

 

Bing Ads is a very similar system but for Bing instead of Google. Bing is of course the big search engine from Microsoft which accounts for 20% of the market share and an additional 10% through Yahoo!. This is not a small amount.

 

More importantly, Bing has less competition, meaning that you’ll end up paying less. Specifically, you’ll pay 33.5% less, which is again a big deal. Bing also has a lot of powerful tools for targeting the right users.

 

Facebook Ads

 

Finally, Facebook Ads work the same but appear on Facebook based on the information that users give Facebook about them. This can include age, sex, and location but also things like hobbies and interests or even job title!

 

Another big benefit of Facebook Ads is that you can create more media-rich options that have images or even short videos. Likewise, you have the option to choose ‘CPA’ which means ‘Cost Per Action’, and only charges if someone signs up to your mailing list.

 

Learn from one of the best Microsoft Ads courses!

 

Microsoft Ads Training Kit: Step-by-Step Tutorial Videos To Start Using Microsoft Ads For Your Business & Boost Profits!

https://tankwanhong.xyz/courses/microsoft-ads-training

 

How to Find the Best Keywords for Your PPC Campaign?

What makes a great PPC campaign? What makes the difference between a waste of cash that you never get back and a campaign that you can use to continuously keep growing and scaling your organization?

 

While there are a lot of factors, you could certainly make the argument that one of the most important of these is the keywords. Your keywords are of course the search terms that you’re going to target. With both Google AdWords and Bing Ads, you’re going to be advertising in such a way that your ads end up showing on search engine results pages for specific searches. You can then choose precisely which searches bring up your adverts and this is going to impact how sees the ads and what difference this makes for your success.

 

So, the question is: how do you go about picking the right keywords? What is the difference between a good keyword and a bad one?

 

Let’s take a closer look…

 

The Basics

 

The basic idea behind your keyword choice is that you’re going to try and ensure that the phrase you pick is one that the right people are going to be looking for. Who are the right people? Of course, they’re the ones who are most likely to buy your product.

 

This is also how Facebook Ads work – it lets you choose the type of person you want to target by looking at the details they fill out such as their age, sex, location, and even hobbies and interests. The difference with a search term is that it is also time-sensitive. In other words, a search term will have a bigger impact on your eventual profits because you are showing ads to someone at the precise time that someone is actually looking for your site.

 

For example, if you’re trying to sell hats, then your search term would be ‘buy hats online.’ That means you’re not only targeting people who want hats but you’re also targeting people who want hats now.

 

So, when picking keywords, think about who and when.

 

Negative Keywords

 

One way you can make this a little more precise is to try and avoid certain search terms from showing your ads. This is what is known as a ‘negative keyword’ and a good example of this might be the word ‘free’. You don’t want people to click on your ad if they’re searching for free things, because they won’t be likely to want to buy anything off you – and that means they’re costing you money without earning you anything back.

 

Keyword Research

 

More important still is to do your research.

 

That means looking to find out just how often certain keywords get searched for, rather than assuming. For instance, some phrases that might at the first sound popular end up being surprisingly unpopular. This meaning of course that no one ever searches for them and thus they won’t bring any visitors.

 

Likewise, you also need to research the amount of competition for each keyword and aim for the terms that aren’t saturated!

 

Learn from one of the best Microsoft Ads courses!

 

Microsoft Ads Training Kit: Step-by-Step Tutorial Videos To Start Using Microsoft Ads For Your Business & Boost Profits!

https://tankwanhong.xyz/courses/microsoft-ads-training

 

How to Fit Bing Into Your Internet Marketing Campaign?

A great internet marketing campaign should be a campaign that is fought on many fronts. That means you need to have your fingers in lots of pies and you need to find lots of ways to reach the widest audience possible.

 

If you rely on just one method to build your brand and gain customers – whether that be PPC or SEO – then you’re going to end up too reliant on that single source of traffic and you’re going to greatly limit the number of visitors you can appeal to.

 

This is why it’s important to make sure that Bing fits into your campaign. But it’s also why Bing should only be one part of a much larger and multi-faceted assault. Read on to learn more about the different aspects of internet marketing and how they should all coalesce into one single strategy.

 

Content Marketing

 

One thing that every business can benefit from these days is a blog. Having a blog allows you to create content on your site and this will then give people a reason to come to your site.

 

The key to understanding here is that no one likes being sold to. If all your site is, is essentially one big advert, then you’re not giving people any reason to keep visiting. You’re not building loyal fans, trust, or a relationship. If the visitors don’t want to buy then and there, then they will simply leave.

 

By creating great content, you give people a reason to want to find you and this will gain you regular traffic.

 

Email Marketing

 

If you can’t capture sales, then capturing emails is the next best thing. This converts cold leads into warm leads and it gives you a huge list of people you can potentially sell to.

 

Social Media

 

Social media has a similar end goal to email marketing. This gives you a way to reach the people who have proclaimed themselves your fans and it allows them to share your content and to help more people find you. It also lets you build a closer relationship with your potential customers.

 

SEO

 

One part of this is creating lots of great content, which you should already be doing. The other part of this is having lots of inbound links to your site and lots of people sharing what you do. You can encourage this by writing great content and being active on social media. This will help you to reach the top of Google and Bing for different ‘search terms’.

 

PPC

 

Now let’s talk about PPC. This is a tool you can use to pay to reach the top of the search engines right away for your chosen keywords. That means you need to be making money back from these searches, so normally it will be used as means to send targeted visitors right to your sales page or eCommerce store. You can also use this as a way to ‘test’ the organic keywords to try and rank for with SEO though.

 

Using Google and Bing makes sure you gain 100% of this audience and it also helps you to avoid direct competition in some cases. Bing is more affordable and has fewer advertisers competing for the same few spots!

 

Learn from one of the best Microsoft Ads courses!

 

Microsoft Ads Training Kit: Step-by-Step Tutorial Videos To Start Using Microsoft Ads For Your Business & Boost Profits!

https://tankwanhong.xyz/courses/microsoft-ads-training