PASSIVE INCOME/RESIDUAL INCOME — BABY BOOMERS — IT NEVER TO LATE TO START AN ONINE BUSINESS EARNING ADDITIONAL INCOME

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Multiple Streams of Income ā€“ 5 Reasons Why You Absolutely Need it

In a nutshell, multiple streams of income means your business has more then one way to make money. For instance, you sell products and you sell services. Those are multiple streams of incomes. Why do you need them? Below are five reasons.

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I’ve become enamored with the word “multiple,” especially when it pertains to business. I especially like the idea of harnessing the power of the multiple to grow your business multiple times over.

There are a lot of things that can be multiple in a business, but in this article Iā€™m focusing on multiple streams of income.

In a nutshell, multiple streams of income means your business has more then one way to make money. For instance, you sell products and you sell services. Those are multiple streams of incomes. Why do you need them? Below are five reasons:

1. Make money while you sleep. This is a big one for those of us who sell our time (also known as providing services). The biggest drawback to selling time is when you aren’t working, you aren’t making money. So when you’re on vacation, relaxing over the weekend or (gasp) sleeping, no money is coming into the business.

But let’s say you create a product or two to sell in addition to your services. Now you’ve just created a passive income stream (passive meaning it doesn’t require yours or anyone else’s time). So if you are taking a nap or out walking the dogs, money can still be coming into your business. (What a concept!)

2. Leverage your time. This is especially true with income streams that are passive. Basically you’re making money without it taking any of your time. Therefore, you can spend your time doing something else and still enjoy money coming in from a passive income stream.

This is a good way to use your time wisely. (Rather than work for an hour, get paid for an hour, you can be paid several times in several different ways during that same hour.) Continue reading “PASSIVE INCOME/RESIDUAL INCOME — BABY BOOMERS — IT NEVER TO LATE TO START AN ONINE BUSINESS EARNING ADDITIONAL INCOME”

SELF ESTEEM –SUCCESSFUL PEOPLE — GENERATION Y STARTING MORE BUSINESS THAN EVER

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Hidden Sales Pressure : 7 Ways To Make It Go Away

Try to imagine that your potential client is a friend. Look around you for successful people who sell but don’t exhibit traditional sales behavior and thinking.

You may even still hit your sales goals if you stick with traditional sales thinking, but what toll will this take on your self-esteem?

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How can you eliminate subtle form of sales pressure?

Here are 7 solutions:

Stop carrying the burden of driving the sales process forward. Try to engage potential clients based on the problems they’re facing rather than on the solution that you’re trying to sell, no matter how much you believe in it.STARTING A BUSINESS/PASSIVE INCOME/RESIDUAL INCOME

And, instead of asking questions intended to “extract” information that you can then use to move the sales process forward, listen for cues that tell you where potential clients want to take the conversation, so they feel understood.

If you can let your conversation evolve to that point, they will move the sales process forward.

Watch out for “sales”-type language. Statements like “When shall I follow up?,” “Can I come by and show you what I have?” and “Do you still want to move forward?” are all examples of language that inevitably triggers sales pressure.

Try to imagine that your potential client is a friend. How would your language change? I would bet that you’d communicate with spontaneous words and phrases that would spring out of you naturally and allow a trusting connection to emerge, in contrast to “me” language designed to make the sale. Continue reading “SELF ESTEEM –SUCCESSFUL PEOPLE — GENERATION Y STARTING MORE BUSINESS THAN EVER”

GENERATION Y — EXCESSIVE DEBT — LIVING PAYCHECK TO PAYCHECK — WHY-WHY-WHY-????

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Working With The New Generation

I’ve heard them called by many names as of late: Generation Y, Gen Y, The Plug-and-Play Generation, The Gotta-Feel-Good Generation. What they’re all referring to is the new young generation – our current 20-somethings.

Every generation “deals” with the generation who comes after them. Their different views, their different ways of doing things, and so on; this generation is no exception.

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I’ve heard them called by many names as of late: Generation Y, Gen Y, The Plug-and-Play Generation, The Gotta-Feel-Good Generation. What they’re all referring to is the new young generation – our current 20-somethings.

Every generation “deals” with the generation who comes after them. Their different views, their different ways of doing things, and so on; this generation is no exception.

Why is everyone talking about this new generation now though? They’ve been coming along for years. They’re in their 20’s now, after all! Because now they’re starting to impact the workforce and because we couldn’t predict their group characteristics until we saw them in action.FREE INFORMATION

In some ways they’re changing the landscape for the better, in some ways we oldies would say for the worse.

Regardless of the nostalgia we feel for the “old days” this generation is plunging headlong into the workforce and will impact you and your business at some point. Continue reading “GENERATION Y — EXCESSIVE DEBT — LIVING PAYCHECK TO PAYCHECK — WHY-WHY-WHY-????”