Chow KengSun
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I love Internet Marketing, Network Marketing, eCommerce, photography & travel.
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  • Chow's Blog

  • Feb 16th 2020 at 2:29 AM
    How to Make Money

    How do you make money? How do you not let money use you?

    Well, let’s take the first question? How do you make money? Here are some easy ways:
    1. Job
    2. Start a business
    3. Inherit money
    4. Lottery / Gamble
    5. Crime

    As odd as it sounds, all the above are viable ways to make money. Most of the population make money via a job. We work for others. This is a familiar, respectable and time-honoured approach to supporting yourself.

    The only problem is sometimes you end up jobless, defeated, and angry. Welcome to the rat race! Starting a business sounds nice.

    Become the boss with all the neat stuff like suits, executive offices, and a lavish lifestyle. This sounds great as long as you are successful, and you assume all the risk. We touched on this before.

    Mentally you need to prepare to go through the fire of being an entrepreneur if you have never done this before. Inheritance is great. You just need someone rich to die and leave it to us. This is not likely and nonrenewable. The money is always running out if you don’t make more. The lottery is simply NOT going to happen. Gambling is just plain stupid. Casinos don’t build 75 million dollar fountains with the money they lost to patrons. The constants in making money are preparation, preservation and perspiration. The preparation is what we’ll call the money trap.

    Preparation centres around the business construct, the marketing action and the follow-through. Efficiency is of the utmost importance. Preservation means that your business must preserve its value. Value embedded as hard assets or financial instruments has long been used for value preservation.

    Preservation of value is re-investment. Re-investment is business building. Perspiration is the undeniable cost of owning and running a business.

    Most of the fantasies about running and owning your own business fade when the self-employed realize that when they don’t work, they don’t eat. This is the hard work that nobody likes to talk about.

    Successful owners are diligent, disciplined and focused people. They work weekends, holidays, and virtually every day. 

    Most business has entry barriers, the minimum cost of investment. With the age of computers has come new businesses like internet marketing, desktop businesses, and other digital businesses. It is critical that entrepreneurs take advantage of automation.

    Few businesses forms don't involve interaction, high entry barriers (big investments to start) and other difficulties.MOST traditional brick-and-mortar businesses involve the investment of thousands of dollars, often with no business training or mentoring in the field of business.

    An excellent business is one that fits the following description:
    1. Low or no investment
    2. Requires little/low time investment
    3. Requires few/no employees
    4. Provides a RENEWABLE source of income
    5. Services are FAVORED over goods, as services are infinitely renewable, products reach sales maturity level and decline

    Below are some examples of desktop businesses you can use at home to make money:
    • Resume writing
    • E-bay
    • Internet Information Marketing

    Permanent Tourists….

    There are a lot of benefits to living and working outside your daily environment. It is very difficult to increase your risk tolerance while you are “trapped” by your current lifestyle.
    Often businesspeople “find” themselves when laid off. You may need to step outside your life to the next level. Most people can’t envision themselves stepping outside their lifestyles because we are so well conditioned to go to a job.

    Think about it, you are trained to get up and go “somewhere” on a schedule your entire life. In kindergarten, kids are conditioned to get up and live on a schedule from that point on.

    True business people don’t have a rigid schedule. They earn their way by balancing risk with reward, one of which is personal freedom. What is your freedom worth? Often times we ask what is it that the successful know that we don’t. The answer is nothing.

    The difference between the businessman and us is that he will accept the risk or tough way to eke out a living and we will not. We implore you to summon your courage. Summon your courage and come on vacation with me for a second…..

    Imagine.

    You have decided to follow the desires of your heart. You have quit your job and gone home. You need a business you can run cheaply with little or no investment. On the 15-20th you have over $1100 in bills due.

    What will you do? You need an efficient vehicle to make money and you need to make money now! You have to step outside your life yet again. What if you had a vehicle to make money and you gave it everything you had to get it going?

    What if you handled it with the same professionalism you do you the job, with the same preparation and concern? What would that business is worth to you?!! There are a lot of other ways to step outside your life.

    You could travel to a foreign country for inspiration. Following are some destinations and what they have been noted for historically:•
    Egypt – Learning and Education•
    Paris – Food, Wine, Art•
    Italy – Food, Wine, Art, Government, Religion•
    Japan – Business, History•
    England – History, Learning and Education   

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