Wealth Archives - BOLLYWOOD SURKHIYAN

Internet Business Wealth Creation – A True Portable Business

Internet business is a growing multi-billion dollar industry and anyone can be part of this with just a computer. In my opinion, it is the best home business as well as a ,alternative income, business. Multiple avenues of income streams can be found. Compared to a bucket income like regular job where 1 ‘bucket’ of work equals 1 ‘bucket’ of pay, the internet business is like building our own pipeline to wealth with very low investments. This make it a truly Home Based or computer business and is the best way in my opinion to create multiple income streams for yourself. With conventional work, if we stop working for any reason, the income stops.

It is relatively easy to launch a website which is tantamount to opening a shop so to speak. One can open multiple ‘shops’ with little capital and sometimes even no capital other than time and effort and a internet connected computer. For beginners, it may be interesting to learn that on the Internet some things can be done for FREE! For example, there are internet sites offering free webdomain. These are functional although a dot com site is always the first preference. Whatever business or project we do, we have to firstly plan, organise, execute, recheck and fine tune etcetra. Basically a system has to be in place so that the business can run and be executed smoothly over and over again.

It is generally best firstly to get your own domain name. This itself takes abit of creativity and honestly hard work as good names are usually taken up especially for .com names. Domain names should be short to be easily remembered. Preferably catchy 2 to 4 syllables so it is better remembered. The easier to remember the site the better. It will be good if the name does not have any negative connotations as with anything else, positive branding is best. Ease to pronounce your site name will also help people remember it. Preferably do not use generic names as if you want to later register a company or product using that name may be difficult. It would be good to also indicate the market you are in in the name. This makes it easier for people to immediately identify with your focus area. Search engines tend to pickup better if your name includes the market you are in.

Next is to sell a product or service which is in your area of specialty or interest. With interest or if you are already skilled in that area, one can find it easier to identify areas or topics where one can start a internet business. One can also present it with more confidence.

There are many ways to do the business. Say for example you decide to sell products but do not have the product in hand to sell due to stocking or whatever reason. Now Drop Shipping is an area that getting very popular. Drop shipping works like this: You setup your website or internet storefront. Any orders goes directly from your website to the manufacturer or wholesaler and they will complete the transaction from orders to delivery. You then get your share of the commission or profits. In this way you do not have logistic and other headaches. Another popular method is Affiliate Marketing where the products or service is already there and you just have to promote the product for a commission. In all of these few examples, the main other work comes in marketing your site. As with a physical store, promotion or marketing is done to attract customers. The more marketing and advertisement is done as well as if properly exercise, the higher the interest and more customers to your site and business.

As with any business, once you have customers, present or past, it is better to value a customer in hand more than to look for new ones. Both are important but taking care of existing customers will be better as a relationship has already started and chances of repurchases is greater.

To Create Wealth Marry the Mindset of an Entrepreneur to a Network Marketing Business Opportunity

No professional entrepreneur with a thorough understanding of Network Marketing will deny its viability as a wealth creational asset that makes available the ability to persevere in the profession of entrepreneurship. Network Marketing and the Direct Selling industry as a whole continues to grow through good economic times as well as bad. It has survived a roller coaster ride of poor press and bad word of mouth criticism that still lingers in the memories of some to this day, yet through the entire tenure of the business models conception it has prospered and enriched the lives of all whom are able to bring to it an entrepreneurial mindset to succeed in business.

The vast majority of businesses, conventional and those offered through a Network Marketing home business opportunity will fail within their first few years. The cause of most conventional business failures is due to the inability of the entrepreneur to continually raise the necessary capital to keep the business afloat until it is able to operate solely and continuously from its accounts receivables while maintaining a security cash reserve. The most common cause of failure among those operating a Network Marketing home business is that the newly independent business owner is either not an entrepreneur, or has failed to adapt the mental mindset of an entrepreneur.

The low cost of operating a Network Marketing home business and the fact that it can be started and operated part time makes it an attractive option to the employed and unemployed that see a visionary path to financial freedom, and gets excited about it. When it does not quickly transpire, they quit, and continue along the path of their familiarity, and believed security of being among the employed working for someone else. An entrepreneur sees a market demand, an opportunity to create a business to address it, and moves forward with a vision so clear that others are willing to follow.

Entrepreneurs are not born with a special gene. They acquire a philosophical way of thinking that those that are not do not have. However among the few things that is freely among our control in life, our way of thinking is one of them. This mental adjustment is within your powers, and adapting it to its fullest is within your capability. The cost effectiveness of starting, owning and operating an independent Network Marketing home business monetarily affords you the time. It further exposes you to others that will help you through the maze until you exit at the door of the financial prosperity that only an entrepreneurial path can bring you too.

An entrepreneurial mindset is a positive attitude. It may seem difficult to develop, and even harder to sustain when most of the attitudes around you are conditioned to its opposite. If you want to be among those who obtain long term success in Network Marketing (it will not happen quickly), you must acquire it and sustain it even during periods of your worst doubts. Wealth is not a privilege, it is a right! You have the ability to achieve financial abundance through Network Marketing, time, effort and the help of others (no one strives to financial abundance on their own, we all need the help from others), but wanting it is not enough; you have to want it bad.

How to Create Wealth?

When you have born, you have nothing of that sort called wealth! You are born really very much bare! Similarly, when you go out of this world after your stay here, you take nothing with you! You are again very much bare! In between lies what is called life with full of necessities.

Born with silver spoon!

To meet the needs and wants of your life you should have sufficient resources called money and wealth. Some might have born with a silver spoon. They will have their fore father’s wealth just transmitted to them and always there at their disposal. Hereditary transmission of wealth and money to the youth could be the easiest way to create wealth. The next choice is getting wedded to a rich girl.

Bare foot shrewd entrepreneur:

But earning money for the livelihood and to create wealth for a family with out these starters is a difficult task for a bare footed entrepreneur. But a shrewd entrepreneur will make it possible and become successful to create wealth with certain assured principles.

To start with earning for a livelihood requires certain analysis about the entrepreneur.

Open Mind learns:

The entrepreneur should have an open mind to learn what is essential to start and establish a business needed by the people. He should have common sense towards invention and innovation to question his brain by bombardment so that it releases good ideas for the business. He must have well trained concentration in learning a skill and in execution process too.

He should either have a skill or master a skill matching the business need. He should be in a position to work and manage his people to work for production of the matching product or service.

Match skill more pointedly:

He should have a plan to do the business more pointedly to bring success initially. He must be in apposition to expand it further, to make it reach the people in more areas. He must be a specialist supplier of the unique service. He should plan for a multifold growth of the accepted service to the people.

Serve More Unit Quantities:

Let it be a chain of department stores, restaurants, fast food counters. The aim is to serve more people, more times, and then the volume will become huge to bring money and create wealth.

Division of labor-work sharing society:

He should divide the work and delegate the sub works to the desiring work sharing society. The target oriented approach towards ‘supply and demand’, will make things easier.

BPO and Quality control:

Business Process Outsourcing with quality management will help the entrepreneur to expand the business as desired. He can create wealth by converting the money earned so far in these businesses. He can reinvest or plough back or diverse in associated fields of his existing business.

Vision and Ambition:

The limit to create wealth lies with the vision, ambition and capability of the entrepreneur’s managerial groups. This depends mainly on the people outside and inside of the organization.

The entrepreneur who excels in performance and serves more people in a society will multiply his earning power to create wealth.

Passport to Wealth – An Objective Review

Background

Have you ever ‘failed’ at Network Marketing, or any kind of home business? I admit that I have. I ended up sinking close to $10,000 into Herbalife…about half of that was getting started and buying $4000 worth of products for a ‘Supervisor’ order…and the rest, my coaches/upline dragooned me into buying into their ridiculously-overpriced advertising coop ($500 buy-in gets you 5 leads, and you were supposed to buy 3 or more of these ‘wheel slots’!).

I might have had about $5000 in income come in…but I spent countless hours calling my overpriced leads, calling my downline’s overpriced leads, and training my downline, most of whom disappeared because they weren’t making any money.

So you need not feel embarrassed in my company, if you have ever been unsuccessful in network marketing.

What Does it Take to Achieve Success With My Internet Business?

The financial fiasco with Herbalife taught me that although there IS a ton of money to be made with internet business, I needed to find the RIGHT business opportunity, and more importantly, the right Mentoring Group within that business to join.

A preliminary Google search revealed the Top-Tier Internet Businesses. Darren Gaudry’s Passport to Wealth caught my attention immediately because of the products, which included a comprehensive suite of internet marketing software and resources, and the compensation plan: it is an Australian ‘2-up’ plan, which means each new member you sign up will ‘pass up’ their first two sales to you, their sponsor. Their third sale, they keep 100% of the $997 profit.

Meanwhile, the two sales they passed up to you? Guess what…they both will pass up their first two sales to you too!! Do you see what I mean, about how you could just make a few sales yourself and still have lots of money flooding in?

Thus I began to do some serious research into Passport to Wealth…I was NOT about to get scammed again. Well, technically I didn’t get scammed by Herbalife…it IS an amazing product, but I did feel that my mentors ripped me off by selling me $4500 in ‘wheel slots’ that cost $500 a piece for a lousy 5 leads, who were little better than flipping through the phone book. Seriously, I had leads who thought they were applying for a job at a doctor’s office…

So I searched every work-at-home forum and ranking site that I could find for details about Passport to Wealth. I was looking with a critical eye, for some little piece of negativity that would dissuade me from spending $997 to join.

I didn’t find it. Instead, I found some incredible testimonials from real people who had been taught how to Earn Money Online by the Passport Mentors4U team.

I will now share with you the pros and cons of the Passport to Wealth business opportunity. Let’s start with the cons.

Passport to Wealth Cons

a) $997 to invest –Although this isn’t so much of a barrier now, with the $600-$1200 tax rebates on the way as a result of the Economic Stimulus Plan, in the past this investment requirement could make it difficult for many aspiring entrepreneurs.

b) 2 Sales to Qualify –With Passport to Wealth, you pass-up your first two sales to your sponsor. Although this isn’t actually a ‘cash’ expense, that is still $2000 that you are passing up to get qualified. Of course, if you can get two sales, you can get more…it’s not the money itself that has the value, but the skills that you gained in the PROCESS of getting those first two sales.

Passport to Wealth Pros

a) No Phone Calling Required Coming from Herbalife, where the modus operandi is to ‘Call your leads 3-4 times per day’, it is SUCH a relief that I don’t have to talk to people on the phone anymore. You can either have Professional Sales Associates (PSAs) call your prospects for you (for a commission on the sale), or if you join the Passport Mentors4U Team, the leaders call your prospects for you for FREE, as a service to members.

b) You have an automated system which will sort, educate and close your prospects WITHOUT you…you just have to fill your marketing ‘funnel’ by driving traffic to your website, and the system will have sales dropping out the other end. This works through a Lead Capture page, where prospects leave their details and go on to view the 14-minute Passport to Wealth video presentation, and then receive a series of educational autoresponder emails that also include free gifts and digital products to help your prospect make the decision to start the business.

c) The compensation plan is structured such that once you are qualified, each sale puts $997 in your pocket right away . If your downline is serious and motivated to Earn Money Online, they will succeed and pass up their first two sales to you, for another $2000 of pure profit for you. If your downline are bums and don’t do anything or follow the instructions, then you still made $997! This solves the problem of spending countless hours trying to train your downline in the hopes that someday they will make sales and recover your advertising costs that you spent to recruit them!

d) Free Trial You can actually sign up for a free trial with Passport to Wealth and see the back office, access some of the products and software, and kick the tires so you really *know* what you are getting yourself into! Most of the other top-tier Internet Businesses wouldn’t even TELL you about the details or the products unless you first paid an application fee!

So, there are the pros and cons of the Passport to Wealth business opportunity itself…and although that might SOUND excellent, I tell you that it is still not enough. I had learned the hard way from Herbalife that even more important than WHAT business opportunity you join is WHO you join with!

It doesn’t do you any good to have a powerful automated marketing system that can make sales while you sleep…if you don’t know how to get interested prospects to your website!

So after diligently researching the business, I began researching the Passport to Wealth mentoring teams with equal diligence. I continued to dig, Google Search, and investigate. I felt that I had learned very little in terms of network marketing from Herbalife, so this time I was going to choose which team I joined. I interviewed three potential sponsors, from the Passport Mentors4U Team and the Passport Gold Team.

The Passport Gold Team seemed to have LOTS of help for new people…but only until they made their first two sales. After that, you were removed from the rotator and on your own for marketing. This sounded like the exact OPPOSITE of what I wanted…I didn’t want anyone making my first two sales for me and then leaving me, because it was the SKILLS to create the first two sales that I needed, not the sales themselves!

The Mentors4U team, lead by Megan Vaillancourt and Stephanie Sammour, built their business around that exact principle. These two stay-at-home moms make incomes that make my own executive salary from my day job seem like chump-change.

The Passport Mentors4U build you a lead capture page free of charge, complete with killer ad copy and integration into an autoresponder that sends out a series of educational emails complete with the occasional free gift to your prospects.

These sales letters do the sorting and educating for you, and when the prospect is ready to hear more, the Mentors call them FOR you and close the sale!

Since I joined Passport to Wealth 2 weeks ago, under the Mentors4U team, I have learned the fine internet marketing arts of Blogging, Article Marketing, Press Releases, Squidoo, Ezines, Craigslist, and more. I don’t want to brag or make silly claims of my income, but to give you an idea, go to Google and type in ‘MyInternetBusiness’, and click on the ‘Groundbreaking News…’ ad (right now it is number three on page 1). Imagine…two weeks into this business and my site is already on the FIRST PAGE of Google!

I’ll leave it to the reader to determine the kind of business that is generating for me now…and the kind of business that could generate for you, too, but only if you join with the RIGHT MENTORING TEAM.

So, in summary, Passport to Wealth , and the Mentors4U Team in particular, is definitely NOT a scam, and is in fact an incredible internet business opportunity where you can make $997 per month, or per week, or even per DAY once you get your search engine rankings high enough! To learn more, you may visit the link in the resource box below.

I hope this review has been helpful and informative, and like yourself I am looking forward to a bright future with My Internet Business!

Wealth Building – Other People’s Money (OPM): What the Rich and Wealthy Have Known for Years

Getting rich isn’t all about hard work. In fact hard work has got little to do with getting rich. It’s not that I don’t advocate hard work, I do. I love working hard but I especially like to see myself and others working smart. I know that getting rich and achieving success is not exclusively the domain of blood, sweat and tears. I’ve seen friends, work colleagues and family work themselves to the bone for little or no reward.

The Cult of Hard Work, Self-Sacrifice and The Golden Goose

There is a cult of self-sacrifice evident in our culture that warrants you to be extra busy, working super hard, and putting in crazy hours. When it comes to personal wealth building and attaining success, you’re the golden goose. However, you can only push the golden goose so hard before he/she stops laying those golden eggs. Without exception every golden goose will eventually run out of energy, capacity or enthusiasm. Therefore, learning how to utilise Other Peoples Time, Money and Skills (i.e. leveraging) is a pre-requisite to becoming rich, building wealth and achieving success.

Other Peoples Money & Leverage

In general terms, getting access to Other People’s Money (OPM) is a form of leverage that enables you to go beyond the limits of your own resources and instead apply resourcefulness to everything you do. In business terms, leverage is the key that differentiates self-employed person who owns a job from the business owner who own a business. In financial/investment terms it means getting access to cash that’s not yours in order to buy assets that you control and that produce income.

What the Rich and Wealthy Have Know for Years

The richest and especially the wealthiest people in the world have known about leveraging Other People’s Money for years. Everyone from Jean Paul Getty, Aristotle Onassis and Donald Trump have excelled at this wealth building principle numero uno. Their use of OPM to buys assets is legendary. Onassis in particular is known for having secured contracts to transport ore and oil in ships and tankers he didn’t yet own and then going to the banks securing the loans to buy the ships and tankers using the contracts. A brazen and gifted deal-maker if there ever was one!

People go about building wealth or acquiring assets in different ways based on their background, past experiences and what they have been taught or know about money. For the most part people think of great riches and wealth as largely unattainable because of the model or mindset they have about money. What most people fail to understand is that you actually don’t need money to make money. Sure it helps but what you really need is access to Other People’s Money in order to make money.

The Benefits of Utilising Other People’s Money

OPM buys you time; it enables you do things before you would otherwise be able to do them. It allows you participate in deals your own resources don’t allow you to do. It enables you make choices you couldn’t otherwise make. It takes the average person many, many years to accumulate wealth or build a business entirely from their own resources. By utilising the power of Other People’s Money you can fast-track your personal wealth building or the growth of a business. Importantly, your personal wealth building is no longer limited to what you have been able to save and invest from your earned income.

Getting High on OPM – Real Estate

Most people’s typical first experience of using Other People’s Money is when they take on a mortgage to buy their home. Typically, their initial down-payment combined with their contract of employment that demonstrates their ability to produce future income is enough for them to secure a mortgage loan against home. Unfortunately your home is not an asset, well it is, but it’s the bank’s asset as they are making income from the loan advanced, not you. If you can get a bank to advance you a mortgage loan so as to purchase an investment rental property (an asset) whereby you get to retain what remains of the rental income after you pay the mortgage, then you have used Other People’s Money to buy and asset to produce income. In order to secure this loan you need to demonstrate to the bank that you are a safe bet. They will typically want to see that you have at least 20% of the purchase price as a down-payment and sufficient net income being generated by this asset and other sources to ride out any changes in interest rates, rental void periods etc.

Getting High on OPM – Business

In business, entrepreneurs and business owners get access to Other People’s Money when they write a business plan which they present to a business agent or venture capitalist i.e. investors. This process is known as raising capital. In return for the money (known as capital) received the investor who provided the capital typically receives equity (i.e. shareholding) in the business. Money can also be borrowed from a bank and the bank is repaid the principal and also receives interest on the loan. It’s the business owner’s job to put this capital to good use; to produce products or services that generate sales revenue to pay back the loan and, of course, all the other expenditures of the business.

Other People’s Money is always available and accessible to a greater or lesser extent depending on overall market conditions. Your first responsibility as an entrepreneur or investor seeking capital is to understand and inform yourself as to the multiple sources of OPM and numerous deal structures that utilize OPM.

Jumping Through the Window of Opportunity

Finally, the chief take-away from all this talk about Other People’s Money is that rather than saying to yourself “I can’t afford to start a business” or “I don’t have the money to invest in that deal” you now know there are no real excuses or limitations. Not that using Other People’s Money is without its pitfalls. Like every financial transaction there are inherent risks. Firstly, you are liable to repay the capital borrowed and generally provide an agreed additional return to the investor. However, that’s not up for discussion here. The key thing for now is to realize that you can always get access to Other People’s Money to enable you participate in deals and do things you previously thought weren’t possible. You can start jumping through the window of opportunity when it’s open…and as you begin implementing this principle of Other People’s Money into your business and personal wealth building endeavors you begin to realize its open all the time!