Day: July 28, 2022
STARTING A BUSINESS FOR THE PURPOSE OF PASSIVE/RESIDUAL INCOME
Starting a business for the purpose of passive or residual income
The motive behind starting a business is often to make money that will be enough to cater to one’s needs. Earning a large enough income will give you the opportunity to accomplish and live the type of life you desire.
But most people don’t have the ability to live life on their own terms because they are either a slave to their debts or cannot break away from living on a paycheck.
But this problem can be solved by the many benefits of passive incme or residual income.
One of the best ways to gain financial freedom is by setting up a business with residual income opportunities. There are many businesses both online and offline that one can set up to generate residual income.
Residual income by definition is the income one generated long after the work has been completed. It is the type of income that one continues to generate for as long as the business lives.
Residual income is also known as passive income has no limitations based on time.
Starting a business with residual income opportunity will enable you to live life on your terms. You will continue to earn money whether you are there working or not.PASSIVE/RESIDUAL INCOME
The amount of money you can make does not stop whether you get out of bed or not.
In addition, it is possible to have different streams of residual income. Unlike having two jobs that will consume your time, multiple streams of residual income will increase your earnings while also giving you enough free time.
Residual income gives you a more lucrative alternative to finding a side hustle that will stress you and consume your precious time.
To kick start your dream of financial freedom, here some of the residual business opportunities that you can venture into.
Invest in real estate
Rest estate is one of the most lucrative means of generating passive income. Apart from being lucrative, it gives you rest of mind and requires little or no work.
Affiliate marketing
This involves promoting other people’s products online of which you get a commission once it leads to sales. Affiliate marketing can be done by marketing people’s products on your website. It can also be done by promoting them on social media platforms.
Affiliate marketing is a great way of making money online. You can make up to six figures every month from the comfort of your home. And remember, you do this at your time and pace.
Write an EBook
Selling a book online can be another great way of generating residual income. After the initial work of writing and creating the book, the only thing left is to make your money on every sale.
You don’t need much capital to produce an EBook, with no printing and shipping costs.
Other residual income business opportunities that you engage in include:
• Create lead generation website
• Start a dropshipping business
• Create a mobile app
• Invest in vending machines
• Rent out your spare room
And the list is endless.
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EARN YOUR WORTH — YOUR POTENTIAL — STOP EARNING LOW WAGES–POVERTY IS NOT ANYONE POTENTIAL!!!!!!!!
Poverty is the state of not having enough material possessions or income for a person’s basic needs.
[1] Poverty may include social, economic, and political elements.
[2] Absolute poverty is the complete lack of the means necessary to meet basic personal needs, such as food, clothing, and shelter.
[3] The floor at which absolute poverty is defined is always about the same, independent of the person’s permanent location or era. On the other hand, relative poverty occurs when a person cannot meet a minimum level of living standards, compared to others in the same time and place. Therefore, the floor at which relative poverty is defined varies from one country to another, or from one society to another.
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PLANNING FOR AND LIVING IN RETIREMENT
RETIREMENT: Everything you Need to Know About Planning For and Living
The Retired Life You’ve Always Dreamed of (Two Book Bundle) by Inspiring Life Design
How to Retire Happy, Wild, and Free: Retirement Wisdom that you Won’t Get From
Your Financial Advisor by Visions International Publishing,
The Single Woman Guide to Retirement by Wiley
The Bar Harbor Retirement Home For Famous Writers (And Their Muses): A Novel
by William Morrow Paperbacks)
STARTING A BUSINESS —- GENERATION Y — BUILDING A LASTING RELATIONSHIP WITH YOUR COUSTOMERS AND CLIENTS
4 Key Points to
Branding is more than a logo and image or even a recognized name. It’s a person’s collective experience with a company’s product or service. A brand is a person’s overall perception of a company or product built over time.
branding advertising brand-building
Here are four things you should keep in mind as you build your company’s brand:
1) Own the “Significant Thing”: Dole tried to be all things to all people spend your time focusing on a single clear message. Mercedes-Benz owns “ Engineering “ in the car industry because it’s focused on that singular message for decades.
2) Consistency is key: consistent presentation will ensure that your customers recognize you. Be consistent in the use of logos, taglines, visual elements, tone, and ad copy. Coca-Cola is one of the most recognized brands in the world because it hasn’t changed in decades.
Make sure your brochures, website, Direct mail, and all the other advertising have the same feel and message.STARTING A HOME BASED BUSINESS WITH LITTLE OR NO MONEY — CLICK NOW
3) Make your message relevant: know your audience, know what they care about and how to speak to them. Make sure what you sell is what they need. Remember the conversation should always be about your audience, not you.
4) Use a strong offer to motivate: you want your audience to remember you and you want its members to buy from you. You need to move them to action.
A strong offer should give them a reason to buy. Make the offer clear and appropriate for your brand.
Every time a customer comes in contact with your brand, they will have either a positive or a negative experience. Those experiences will add to their perception of your brand.
Those experiences are recalled later when it’s time to make a purchasing decision.
How do you want your brand to be remembered when the time comes for a prospect to buy? You need to start building that positive perception today and do whatever is necessary to maintain it.
Good luck.
2021 — 2022 RESTORING THE GREAT AMERICAN ECONOMY SELF-RELIANCE
An excellent book to give to anyone as a gift. IMGENERATIONX highly recommend this book. ORDER NOW
HE SAID IT! I DID IT — LESSONS FROM MY FATHER
ON MASTERING PERSONAL FINANCE
CHARLES W. BUFFINGTON III
AND
CHARLES W. BUFFINGTON JR
The capacity to rely on one’s own capabilities, and to manage one’s own affairs; independence
Restoring the great American Economy will be challenging for most individuals.
As individuals reduce debt, cut spending, and increase saving the Economy will
continue to be in a depression.
2021 — 2022 starting with the remainder of 2021 increasing saving for
investing is a win-win for the Economy and for your bank account.
The Federal Reserve and Federal Government programs will expand but even now
more restrictions are being placed on who gets what.
Self-Reliance will determine what comes next in 2021 — 2022.
FREE INFORMATION—-PHYSICAL FITNESS/STARTING A BUSINESS/BUILDING WEALTH
What are the principles of self-reliance?
What are the attributes of self-reliance?
What are the disadvantages of being self-reliant?
What is the definition of self-reliance?
What does the Bible say about self-reliance?
Is self -eliance a good thing?
What is the main idea of “self-eliance”?
FREE INFORMATION — CHARACTER/POSITIVE ATTITUDE/LEADERSHIP
What is a good definition of leadership?
The leader of APEC setting the tone for the 2013 CEO summit with his opening speech.
Leadership is both a research area and a practical skill encompassing the ability of an individual or organization to “lead” or guide other individuals, teams, or entire organizations.
Specialist literature debates various viewpoints, contrasting Eastern and Western approaches to leadership, and also (within the West) the United States versus European approaches.
U.S. academic environments define leadership as “a process of social influence in which a person can enlist the aid and support of others in the accomplishment of a common task”.
What are the 5 characteristics of a good leader?
What are the 11 leadership traits?
What is the difference between leader and leadership?