A step-by-step Guide to Building Wealth form $1: The Black Wealth Master Class

The Simple Path to Wealth: Your road Map to financial independence and a rich, free life

At lease once a year I read The Richest Man In Babylon. This book I have recommend
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CORONAVIRUS — LAIDED OFF — TIME TO START AN ADDITONAL INCOME

THIS IS A SIMPLE BUSINESS YOURCAN START
WORK FROM ANYWHERE – ANYTIME

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 for one’s needs. Earning large enough income will give you the opportunity to accomplish and live the type 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 pay check. But this problem can be solved by the many benefits of residual or passive income.

One of the best ways to gain financial freedom is by setting up a business with residual income opportunity. 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 also known as passive income has no limitations based on time.

Starting a business with residual income opportunity will enable you live life in your terms. You will continue to earn money whether you are there working or not. 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.AWSOME FASHIONS

Invest in real estate
Rest estate is one of the most lucrative means of generating passive income. Apart from being lucrative, it give you rest of mind and requires little or no work.

Affiliate marketing

This involves promoting other people’s product online of which you get a commission once it leads to sale. Affiliate marketing can be done by marketing people’s product 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.FREE INFORMATION

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, no printing and shipping costs.
Other residual income business opportunities that you engage in include:

• Create lead generation website
• Start a drop shipping business
• Create a mobile app
• Invest in vending machines
• Rent out your spare room
And the list is endless.

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The current economy is in trouble. To insure your income stays the same
or even more, starting a business is a solution. Paying down debt and
cutting spending is great also.

Yet, starting a business is something your children and grandchildren
can inherit. Why not. Millions of Americans will be doing just that.

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Enjoying passive/residual income is more than worth the time you
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GENERATION — BABY BOOMERS

RETIREMENT AND WEALTH IS A BEAUTIFUL LIFESTYLE

HERE’S SOME GREAT INFORMATIONS TO ENJOY YOUR RETIREMENT A LOT MORE

I am reading, studying THE ROAD TO WEALTH. It is to anyone advantage
to study money management. I am totally surprise at how much income/wealth one
will need in retirement to maintain the same standard of living they had before
retirement.

I was blown away when I took a look at total income. Total bills and what will
happen if one of pass. Practically half of the household income would cease.
Job retirement and social security check.

15 STEPS TO STARTING YOUR SMALL BUSINESS

ONLINE BUSINESS, INTERNET BUSINESS, MULTI LEVERL BUSINESS, HOMEBASED BUSINESS

15 Easy Steps to Starting Your Small Business BY EVE JACKSON — 2006

When I was first starting up my business, I searched for a good article on startup, and couldn’t find any, so I decided to write this short guide.

starting a small business, small business startup guide

Yeah, sure it’s easy, and of course, that title is a little tongue in cheek. It takes a lot of hard work to get a business off the ground. But, it’s worth every hour I’ve spent getting to where I am now.

When I decided to start my communication and image consulting business, I tried hard to find a good startup guide. I couldn’t find any that had all the steps. So, I decided to write one. So far, it’s mostly just the bare-bones outline (which is long enough as it is) you see in this article.

I’ll be adding to it every week or two, and writing more detailed articles on all the steps, so try to stop by and check it out from time to time. Let me know how I’m doing. Shoot off an email to me if I’ve forgotten something or you have questions.

Before you spend so much as a dollar, talk to a few experts. Go to the library or get on the internet and research, research, research. Take a little time to make sure entrepreneurship is right for you.PASSIVE AND RESIDUAL PART TIME INCOME

Make a pro and con list of business ownership, and evaluate yourself honestly. How many characteristics do you have in common with successful entrepreneurs? Is your financial position strong enough? Do you have the necessary technical and management skills?

You’re not going to be the perfect entrepreneur. Nobody is. But in order to make yourself the best entrepreneur you can be, consider ways to compensate for any weaknesses you might have.

I’m from Canada, so the government agencies I’ve mentioned in this guide are Canadian, but really, it can be used by anyone. All you have to do, if you’re from somewhere other than Canada, is find out where you need to find some of the things I’ll talk about.

Some of the steps might be slightly different, and you may not have to worry about things like GST for example, but I’m sure you’ll find this discussion helpful all the same. Continue reading “15 STEPS TO STARTING YOUR SMALL BUSINESS”

PATIENCE — BEFORE GOING INTO BUSINESS — 2020 IS NO TIME TO MAKE MISTAKES — MAKE MONEY INSTEAD

Before Going Into Business

The very first question that you must ask yourself before anything else. You got to demand yourself to an answer to this. Why the heck on earth would anybody pay for what you’re selling?

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1. Why should there be anyone would do business with you?

This could be the very first question that you must ask yourself before anything else.

You got to demand yourself to an answer to this. Why the heck on earth would anybody pay for this “Junk” you’re selling? Yup, “Junk”, as I phrased it.

It doesn’t matter how good your product is to be, to the eye of others, it’s just another piece of product in a sea pool of other similar products.

So, still be very proud of your product or service? Truly you’re 100% proud of it?

You truthfully and deeply believe people would be dumb by NOT buying from you?

Well…you passed the first barrier! You’re ready to start go to next stage.

2. The basic business needs 3 things: Lawyer, CPA, and Creative or crazy fellow, which could very well be you.

Almost every business gets themselves for the first two. It’s understandably so. Good creative person are really hard to find, hard to manage, and you’ll never sure of what you’re paying for.

Every established and sizeable business knows the creative side plays a heavier weight than the lawyer and CPA. CPA’s and lawyers can help you when you are up there.

But at the early stage when your business is still an infant, your business live or die depending on it’s business branding activities in areas like business identities, logos, marketing campaign, advertising copy and business slogans.

Now, are you NUTS enough? Have people been calling you NUTS?
If so, you are ready for the next stage! Do give yourself a “Cheers”!
STARTING A BUSINESS ON A SHOE STRING

3. Singing for Your Own? You Got To Promote Yourself In Every Possible Way.

Do all of them. Yes, Do whatever possible to get your business name to be up there! Get your Business Brand being noticed by others. There more the merrier!

Business can just comes and go so fast before anybody could hears of them. People are busy, what do they care? They don’t care about you and your business.

Why should they care? Get serious. Do everything you can possibly and reasonably afford to do. But beware; you must not mislead others because it’ll backfire quickly enough to wipe your business off.

Do you “Sing for your own self”? Then you’ve passed! Move on to next stage…

4. Big Decision: Could You Win The Competition.

It’s very likely that you’re entering a crowded business market when you first started. Take a hard and closer look at what other fellows are doing; what your competitors are doing right now could affect your business greatly.

At this stage, you got to decide: Are you going for “Head to Head” fight? Competing on better quality? Crazier pricing strategy? Extra Mile Service Level?

Better Marketing Campaign? or what else? Or you would avoid all that, and create you own niche, where you are the leader?

If you decided to be offering the same or very much similar product at the same price, but your marketing materials doesn’t look half as good as your competitors…hey, you’re in deep trouble!

If you’re charging half compare to others, then it’s still alright to “Look” cheap, simply because you are the “Cheaper” alternative where people are looking for.

5. Marketing is basically just a matter Perception.

”Perception” is just another fancy word for thoughts. The thought by the public has in mind all about you and your “Good” or “Bad” business.

Good salesmen control the perception more on personal level like putting on neat suit, very nice smile and sincere voice, firm handshake…etc.

And your business marketing campaign need to strive to achieve equivalent level of effects. And it needs to be at a more abstract level by means of having an attractive Business Name, Eye Catching Business Graphics, Professionally dressed-up staff.

Any things that just might seduce and persuade a potential visitor to become a paying customer.

6. Your Business Identity; Your Business Equity.

The Business Name, the Logo, the projected Business Look, the public’s perception, recognition, or even affection if there is; these are critical to business success.

Big businesses routinely pay big buck like million dollars for these aspects for the business.

Your Business Identity must be well organized to target at desired market. It’s what termed as the “Face” side, the side which public always sees first.

Work on refining it so it works wonders. Improve it to get better and even better, and then protect it, and treasured like your beloved!

Yup, there are so many people who just bought a ready business. But every time they run a new marketing campaign, they tend to fall into trap of projecting a different business image and look. Really, don’t ever make such mistake like an amateur.

Consistently stick on to the business branding strategy that your have chosen on the very early stage. This is your Business Equity.

y keep changing the business look, you’ll get the public confused, and worse still if they see that you don’t even have the basic respect for your business identity.STARTING A BUSINESS WITH LITTLE INCOME

Don’t destroy the business equity; you need to be utmost concerned with your business image to the public. It has its own personality. It has to stand out from the rest.

It has to send clear signal to the targeted market: “Here We are, Come To Us”, “Get Us Today”.

Do Love Your Business, just like you love yourself.

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Although the concept of timeshares is not new to the public still people have many questions about timeshares. Few of the most important frequently asked questions that people enquire about are discussed as follows:RETIREMENT INCOME — PASSIVE RESIDUAL INCOME

Is renting a timeshare better than buying it?

Buying a timeshare gives you much bigger choices. As an owner of the timeshare you get the amenities are better and cost much less. Owners can get discounts on lodging, entertainment, food, travel and many other resort facilities.FREE INFORMATION ON HOW TO START A BUSINESS

The average rental fee is way higher than the average maintenance fee and is also increasing every year. In addition to all the above benefits a timeshare owner has equity in the property which can come to the advantage of the owner when he wants to sell it.

Is buying a timeshare good investment?

Many people get this question in their minds whether to buy timeshares as an investment. The answer can be disappointing to you because it has been seen that the value of the timeshare depreciates with time and they can go do as much as 30%-50% depending on the location and season.

A timeshare should be thought as an investment in life, for guaranteed vacations and better facilities. Also if you compare the cost of owning a timeshare with a hotel in long term period, a timeshare would save you a lot of money.

Can you rent your timeshare to somebody else?

Sure you can as long as you are the legal owner of that timeshare meaning you cannot rent out a timeshare that is received in exchange.
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What is the procedure of making an exchange?

Most timeshare companies have business network with timeshare companies and you are automatically enrolled into exchange program and also the fee for the first year is paid by the timeshare developer in most cases.

You can also go to the timeshare exchange company and put your timeshare for exchange. But keep in mind few things like you will get similar kind of unit meaning you can’t expect to get a two bedroom timeshare in exchange of a one bedroom.

Also plan in advance if you plan to exchange timeshare as it may take a while depending on the availability. Also remember there is a fee for exchanging timeshares.

What are fixed week and floating week?

In a fixed week plan you are entitled to use your timeshare only at a specific week each year and specific unit. But in a floating week you have the option of choosing a range of week but only on first come first serve basis as many owners would like to do the same thing.

The advantage of a fixed week is that your timeshare week is assured and also the unit you want. While floating week is advantageous to people who have schedule conflicts with fixed unit timeshare.

Are there any other additional fees when you buy a timeshare?STARTING A HOME BASED BUSINESS FROM SCRATCH WITH A LITTLE SCRATCH

The answer is yes. Typically there is a maintenance fee and other fee like transfer fee if you are transferring a timeshare. There may be property tax also.

Should I have to pay any upfront fee while buying/selling a timeshare through a broker?

The answer is strict no. Experts say never every pay an upfront fee to buy or sell or rent timeshare. Like any other industry timeshare industry is also prone to many scammers and frauds.

There have been instances where people paid huge upfront fee and they got nothing in return.Rent Audiobooks

STARTING A BUSINESS — ENJOY SOME FREE FREE FREE READING ON TIME MANAGEMENT — A MAJOR KEY IS ACHEIVING SUCCESS IN A BUSINESS — TIME IS MONEY AND MONEY IS TIME