Build your wealth bit by bit, it'll make it easier.

The journey of a 1000 miles starts with a single step - Chinese proverb

Nearly everyone has heard this proverb and if you hadn't then you have now! Along with others like how do you eat an elephant - one bite at a time.... building wealth is often massive for a lot of people (again asking the question what does wealth mean for you?) and so become overwhelmed by the thought of it, but the key is to just start, just start. start getting into the 'Mindset for Wealth' whether that means start saving 1% of your income in a savings account or other investment vehicle.


Failure to start.
When we get overwhelmed  by something, if we think it's too much we become like a rabbit in the headlights and do nothing, the key is to pick something and then do it. 'Failure to plan = plan to fail' is another saying but then there is another saying 'Ignorance on fire is better than knowledge on ice' now both are very valid sayings and I've seen people on both ends of the scale people that spend all their time planning and not doing and those that jump straight in and then mess something up when their should be a bit of planning. The key is to be balanced and recognise where you are now on that scale.


When you start grow your wealth the quickest way is not to put masses of money into a mindset of growing that wealth and start bit by bit whether that is putting £1, £10, £100 in to an investment or 1%, 5% or 10% of your monthly income into it. By doing this small activity on a regular basis you'll see your wealth slowly at first in which it'll seem hardly worth doing but eventually it'll hit what's called a 'Tipping point' where it will grow rapidly.


To you success
Paul




ps If you want to know more about applying the theories in this post to any part of your life to get a big change then I'd recommend the following 3 books.


Slight edge - Jeff Olson


   

Earning an income from affiliates

Earning an income from affiliate marketing is a great idea for not only the person who has affiliated themselves with a business but also the business itself, it's also a simple idea. 

Why would it be great for you?

Well first off you can earn an income without having a product or service (except that your service is marketing to the business or businesses you've affiliated with). You sell the products and/or services of the business and once the sale is made you then get paid commission on that sale. If you are using the internet to market the products and services, essentially you can earn an income while you sleep as the internet and your website never 'close'. Of course their are no fixed targets or time that you have to work either.

How it works:

You can sign up to any businesses affiliate scheme for free via their website, you'll then be given a unique URL or web address such as www.affiliate-company.co.uk/yournameorid you copy this ID or banner onto your website so that the business can track who the prospect customer has come from and who to pay the commission to. I affiliated to a few sites including Amazon which you can see in the books and audio section of this blog and in the useful links section too. 

Sounds easy right, well maybe but you do need to put in the work on a relevant website that people will want to go to and then spend time on, so you'll need a site that has value to people and that they'll keep coming back to, they then need to click through and buy the product or service, which means you essentially need to get thousands of visitors to your website first and on a regular basis.

This is all better for businesses that run an affiliate scheme because they've spent no money on marketing and it's cost them nothing until the sale is made, as opposed to traditional marketing or Pay Per Click (See last post). This allows a business to have a lower price for the product or service than a competitor as they now have a fixed cost for growing the business (assuming this is their only route to market) or to earn a bigger profit if they keep the price of the product or service the same. So if you are already running a conventional business it may be worth considering running an affiliate scheme alongside your other marketing activities.

To your Success

Paul

Want to earn income while you sleep?

What would it be like if you could earn money without leaving the comfort of your seat in front of your PC? or even earn money and increase your wealth while you sleep? or earn money while you're doing something else to earn money!
Well you can with Google Adsense. So what's Adsense all about? Businesses all across the world advertise with Google Adwords, Google's advertising programme, they advertise to their target market and when someone searches for a 'keyword' their ad will be shown in the search on Google at the top of the page and on the right hand side of the page in the 'sponsored ads' boxes, every time you click on an ad the business pays for that click, not for it being shown. This is great as it is very targeted so the business only pays for people who are potentially interested in their product or service.
What's great is if you own a website or blog then you can use Google's Adsense programme to have these Ads shown on your site, when a visitor to your site or blog clicks on an ad to go to the site that's advertising with Google  Adwords you get paid a percentage of the income that Google makes from that click.
Adsense will only show ads on your site that are relevant to the content on your site so if you have a site for your business and use Adsense it's likely your competitors ads will be show and then you could lose business however you will be earning money from your competitors which is pretty cool. The best thing to do is to develop a site that is about something you are interested in like a hobby.
You do need to have content on your site that will be relevant to the viewer or Google may not let you run Adsense on that site also you want people to keep coming back to see new content. Once you've set up the site you then only need to do a bit of maintenance and update the site and promote it on social media sites and maybe even your own PPC campaigns but the rest is pretty much automatic. 
One thing to be aware of is don't click on the ads on your own sites as for obvious reasons Google don't like that and will ban you from the Adsense programme if you're getting an unusually high amount of clicks, also this is essentially theft.
Once you have a site up and running you can then earn other income through being an affiliate, which I'll talk about in another post.


To your success
Paul

Work once - paid forever.

One of the best way to create a great income on your path to wealth is to create a product that can sell over and over again without you having to do any more work on it and therefore create a residual income, especially if you can create an automated sales process or have other people (affiliates) selling for you. This product for instance can be a book, CD/CD ROM, or DVD, it should be something that people need and they will want to pay for. If you can create a product or service that your customer or client will use over and over again and pay you for it on a regular basis that's even better. 


A great question you can ask yourself is:
What can I sell at a premium price that is of greater value than the price that your client/ customer paid for it? 


It's my belief though that if you're selling the product for £20 it should be worth at least double that to the client/customer, so that if asked (in theory) they would be willing to pay that. Of course the product shouldn't cost you anything near that £20 to produce and market, so you can make maximum profit.


Of course once you've got a list of clients/customers you can then create another product or service to upsell to them, and once they have used your last product/ service and seen the value to them, why wouldn't they buy again.


To your success
Paul

Are you 'Towards' or 'Away from' - financial freedom?

You're reading this because like me you're not wealthy (whatever that means to you) yet! It may even be that like me  you have some debt.


Now for many people thinking about that debt and worrying about it, how they may get out of it, has a tendency to keep them in debt and never get to a goal of wealth. For people who say things to themselves such as 'I don't want to be broke', 'I don't want debt' is called having an 'Away from' strategy, the thing with this kind of thinking is that they are still thinking about the negative side of finance and even using the statement 'I want to be debt free' isn't the answer! this is because the word 'debt' is a negative one and the unconscious mind picks up on this and then delivers what we think about most!


A much more positive way of thinking is to use positive phrases such as 'I want to be financially free' or 'I am working my way to financial security' this is known as a 'Towards' strategy. If you imagine a line with 'Away from' at one end and 'Towards' at the other end, when you think about your current wealth situation and the statements that you make, you'll be somewhere on this line. The trick is to make your statements more 'Towards' than 'Away from'.


Reframe
If you are in debt and when you think about it and think about paying it off, if it brings up negative feelings is to reframe that thought, a great reframe is to think of that debt that you are paying off as if you are paying off for your education, however much it may be and whatever the circumstances may have been for you getting into your situation, thinking of it in this way takes the edge off think of it as a learning experience and then allow you concentrate on a time when you'll be financially free. This reframe certainly works for me, and I'm sure you can come up with your own reframes and let me know.




To your success
Paul