STARTING A BUSINESS FOR THE PURPOSE OF PASSIVE/RESIDUAL INCOME

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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

STARTING A BUSINESS

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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STARTING A BUSINESS —- GENERATION Y — BUILDING A LASTING RELATIONSHIP WITH YOUR COUSTOMERS AND CLIENTS

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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.

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2021 — 2022 RESTORING THE GREAT AMERICAN ECONOMY SELF-RELIANCE

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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”?

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What is a good definition of leadership?

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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?

BUILDING TRAFFIC TO YOUR WEB SITE/BLOG

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SUMMER TRAVEL OVER — GAS PRICES DOWN — TIME TO VACATION ON A FRUGAL BUDGET — EVERYONE BACK TO WORK SO THE BEACH, PARKS, THE HIGHWAY IS ALL YOURS

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NO GYMN — NO PROBLEM — TIRED OF THE COUCH — LET’S STAY FIT — BOOST OUR IMMUNE SYSTEM

Martial Arts Martial arts are codified systems and traditions of combat practiced for a number of reasons such as self-defense; military and law enforcement applications; competition; physical, mental and spiritual development; and entertainment or the preservation of a nation’s intangible cultural heritage

Components of Physical fitness

Obesity is a medical condition in which excess body fat has accumulated to an extent that it may have a negative effect on health.

People are generally considered obese when their body mass index (BMI), a measurement obtained by dividing a person’s weight by the square of the person’s height, is over 30 kg/m ; the range 25–30 kg/m is defined as overweight.

Some East Asian countries use lower values. Obesity increases the likelihood of various diseases and conditions, particularly cardiovascular diseases, type 2 …
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Exercise controls weight. Exercise can help prevent excess weight gain or help maintain weight …

Exercise combats health conditions and diseases. Worried about heart disease? Hoping to prevent …

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ADD VALUE TO YOUR BUSINESS WITH COMPUTER COURSEWARE

Add Value to your Business with Computer Courseware

Here are some powerful ways you can add value to your business with computer courseware.

computer courseware, macintosh manuals, training courseware, microsoft courseware

Training employees and educating consumers to be able to use particular computer software is a tough job. It takes time and skill to write training manuals and design illustrations to go along with them. That’s why many business owners are choosing computer courseware instead of creating training manuals of their own.

Computer courseware is pre-designed and customizable so you can arrange the lessons and customize them to fit your training needs. It saves time and money, and can be done easily in-house once you have a copy of the training materials.

What is Computer Courseware?

Computer courseware is software and/or training materials used for educational purposes. Educational institutions may use courseware to teach students how to operate a particular computer software program. Companies may use it to educate employees on using a new software program that has been installed for business operations.

MORE FREE INFORMATION —CLICK NOW

Also, companies that sell computers, software, or other related products and services might offer computer courseware to their customers as a free “how-to” guide.

The training courseware can be used for almost any type of computer software. There are Macintosh manuals, Microsoft courseware, Adobe Photoshop courseware, Excel courseware, and many others.

Tips for Maximizing your Computer Courseware Benefits

To get the most benefit out of your computer courseware, use it in creative ways. For example, package it nicely and offer it as a free bonus with a purchase to your clients.

If you sell Microsoft Word software, then advertise up-front that each customer will receive a free beginner’s course on how to use Microsoft Word. Then, include your Microsoft courseware with each purchase.FREE INFORMATION — STARTING A BUSINESS — CLICK NOW

If shipping products, package it neatly with the product. If selling in-store, make sure your employees know to give the bonus courseware with each purchase.

If you sell Macintosh computers, provide free Macintosh manuals with the computer. Those customers who are brand new to Macintosh computers will appreciate this tremendously!

Package your Computer Courseware for Long-Term Use

When you print the courseware manual, put the pages in a nice binder with your company logo, store location, phone number, and website address. Also include a “welcome” letter explaining briefly what the customer will learn in the course.

Customers are more likely to keep the manual if it is packaged this way. If you hand them a lot of papers that have been stapled or bound together, these are likely to end up in the trash! Continue reading “ADD VALUE TO YOUR BUSINESS WITH COMPUTER COURSEWARE”

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THINGS TO CONSIDER FOR STARTING A BUSINESS

Things To Consider For Starting A Business

Are you planning to start a business? You must have a clear plan and strategy for achieving your goals. Too often new entrepreneurs jump ahead without mentioning what they sell, how they sell it, and to whom they will sell it.

Thanks to the internet, it is more straightforward than ever to start a business in the comfort of your own home. Although it is not easy to be an entrepreneur, it is generally known that starting a project is very rewarding. The hardest part is starting. So many people have business ideas that never leave their notebooks. Others want to have a business, but they do not know where to start. These are the six necessary steps for starting a business in 2025

1. Get Online
First, if you start a business, you have to install it on the internet. The number of people buying online is increasing every year. More than 3 billion people have access to the internet, and more and more people connect every day. These are all potential customers. When your business is on the internet, you can sell your products and services 24 / 7 for the whole year.

2. Get starting capital
Although the costs of starting a business in 2025 on the Internet are considerably lower than those of a traditional company, you still need a little money to start an online business. The main reason why most companies fail is the lack of capital. Provide a plan to make financial resources possible, whether it concerns sales, your funds, or external investors.

3. Choose The Right Location:
Location plays a significant role in determining the success of your business. A wrong location can jeopardize all prospects, and at the same time, the right one can build a strong foundation for a fruitful venture. Therefore choose the location wisely. Discuss with people who have vast knowledge in the industry that you have chosen. If you set up your business amidst your competitors, there are higher chances of success, studies have shown.

4. Establish Your Unique Selling Proposition
What makes your company unique? The Internet is a big market, and when you start a business in 2019, you have to make a unique sales proposal (USP) for your product or service. Why would people buy from you instead of someone else? If you do not know, how can you expect your potential customer to know?
5. Know your ideal customer
No company can sell anything to anyone. You need to be clear about who your ideal customer is so that you can create your marketing messages to attract them directly. What are their needs, wishes, concerns, problems or wishes? How can your products or services help them?

6. Implement a proven business model
Use a proven business model that will work in your market. If you do not have one, look at your competitors and see what they do. Buy a business mentor that shows you how to grow your business and move a potential customer to a customer. Very often you can learn a lot from people who have preceded your industry. They can help you avoid pitfalls and make your path to success faster and easier.
It may not sound natural to start a business, but if you have a passion and want to see it become a successful business, it will take planning and organization. Use these tips to get started and build a company you can be proud of.
Regardless of your age, education, technical skills, or qualifications, there are no specific requirements for being a successful online entrepreneur. However, you will be more successful with a solid business model to work from, clear direction, training, and support.

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