Everyone says “think outside the box” but does that actually mean anything?
Almost half the people selling to you will tell you to think outside the box, that is how they “got rich quick” and it kinda makes sense you know.
However, there is one big secret they never tell you – and it’s that they knew the standard way of doing things in and out. They were masters of the mundane before they were able to see outside their little box.
So the next time someone tries to sell you something and tells you that it’s “out of the box thinking” remember that they have used and abused the system before they became willing to tell you about it. They are selling you the new box.
In our many years in internet marketing we have seen countless other marketers strike gold and become successful. However many of them are gone today … they have spent all their money and are back at the 9 to 5 grind they so desperately wanted to leave.
They forgot the cardinal rule of business – proper asset management!
It doesn’t matter how big or small your internet business is – if you are not managing your assets in a proper way and putting aside “nest egg” you will never truly be wealthy – no matter how successful you are in the short term.
Now… Everyone says, “Invest your money!” They’re right. But don’t make a move until you have read this article.
You see, many people choose to blindly invest their money. For example, their friend gives them a “hot tip” in the stock market, so they sink a few thousand dollars on a risky and volatile start-up company stock. Or they decide to yank out their life savings and invest it in their business. Or they sink money into real estate because they hear flipping property is lucrative.
Are these viable ways of investing your money? Sure. But only for the right person. If you put these investment strategies in the wrong hands, they’re disastrous. And if you don’t execute your strategy the right way, you’ll lose money.
And that’s because your investment strategy needs to be suited to your lifestyle, your personality and your investment goals. If risky investments make you more nervous than a long-tailed cat in a room full of rocking chairs, then you need to avoid aggressive, high-risk investments.
On the other hand, if you’re comfortable with risk and if you have plenty of time to save, then including high risk, high reward investments in your investment portfolio might be right for you.
Before you invest in anything – whether by pumping more money into your business or buying real estate or buying stocks – consider these factors:
* Your age. If you’re standing on the threshold of retirement, it doesn’t make any sense to invest in high-risk ventures. If you lose your money, you don’t have enough time to earn it back. But if you’re still young (under 40), then you can balance your portfolio with low, medium and high-risk investments.
* Your goals. What are you saving for, how much do you need, and how quickly do you need the money? Obviously, the answers to this question will affect your investment strategy.
For example: If you need $10,000 to help pay for a wedding in a year, then doing something like investing in your business and putting the resultant earnings in a high yield savings account makes sense.
Another example: If you need to make a million dollars for your retirement in 20 years, then you’re going to need to choose to invest more aggressively in order to make that money.
* Your risk tolerance. Finally, one of the last major factors you need to take into consideration is your own personal tolerance for risk. Specifically, do you worry about money? Do you feel comfortable risking it?
You see, it’s not a good idea to invest in high risk, high-reward investments if worrying about your money keeps you up at night and gives you an ulcer. If just thinking about certain investment strategies makes you break into a cold sweat, then you need to find a strategy that can grow your money without you worrying about.
Once you’ve assessed your “investment personality” using the factors above, you’re almost ready to start investing. But before you can watch your money grow, you need to first discover the secrets of plugging up the money leaks that are currently draining your bank account.
In the last “Internet Marketing Sucks!” post we discussed how 94% of all internet marketers hardly make any money at all – and how a video course like Faster, Smarter, Better can help you be part of the 6% who do make a significant income online.
But as we also discussed here… knowledge (as important as it is), is not enough on it’s own. The key is to also think like a wealthy entrepreneur – let me illustrate that…
You’re in business because you want to make money, right?
Of course. You need to pay your bills, put food on the table and enjoy some of the finer things in life. And there’s nothing wrong with that. Your business should be profitable enough to take care of all your wants and needs.
But here’s the thing: If you focus solely on your needs and wants, your business is going to sink faster than a ten-pound brick.
You see, a good business person knows that profitable businesses sprout from the desire to help others. If you focus on your customer’s problem and how you can help him, your business will make more money than you know what to do with.
But some marketers get this backwards. Instead of focusing on their customers’ problems, they focus on their own problems. The business person starts thinking about the lifestyle he wants to achieve. He thinks about how much money he needs to make the mortgage this month. And he starts thinking in terms of “units” and prices.
Then the number crunching starts.
For example, “If 50 people buy my $100 product, I’ll make $5000 this month. But I need closer to $10,000 this month… so I need to find 100 people who’ll buy the product. Or I need to jack the price to $200. Or I need to…. (Well, you get the idea.)
And so the marketer runs off to create a killer promotion.
Except here’s the problem: He’s still crunching those numbers. He’s still thinking about what HE wants. And the prospect who’s reading these promos is starting to get the feeling that the marketer cares more about profits than about solving problems.
You’ve probably experienced this yourself as a customer. You get the sense that the marketer doesn’t even care about it. Maybe you felt this way because of a desperate, pushy email you received. Or perhaps you got this feeling the last time you negotiated a purchase with a slick used car dealer.
Your prospects feel the same way. They want to be treated with respect by marketers. They want marketers who truly care about them. And if they get the feeling that you don’t really care about them, they’ll take their business somewhere else.
But you can prevent this and keep more money in your pocket simply by making one simple mindset shift. Namely, instead of thinking about your problems (e.g., your mortgage and other bills), think about how to solve your customers’ problems. When you give people what they want, you naturally get what you want too.
Yes, it is really that simple.
However, that’s not the only mindset shift you need to make in order to grow a profitable business. You also need to find out how to think like a wealthy entrepreneur. You need to start thinking like a project manager and stop trading your time for meager earnings. You need to distance yourself from the toxic people who want to sabotage your success.
Fortunately, it’s not hard. And better yet, you can learn these secrets for free! Click here to claim your free Silver Membership at Power Marketers Club (normally $27.00) and find out just how easy it is to develop the mindset of a rich and successful entrepreneur! Just Use This Special Link For Free Access!
You can drop the same money-making system in front of two people.
One person will take the system and go on to amass a huge fortune.
The other person will claim the system doesn’t work – and he might even go broke trying.
I’m not making this up. Look around the marketing forums and you’ll discover people who’ve been trying to make money for years. Then you’ll find others who are brand new to the game and already in profit.
Sometimes these people are using the exact same strategy – yet one fails and one succeeds!
Age has nothing to do with it. Neither does poverty. Or lack of education. Or disability. Or luck.
It all comes down to mindset.
It all comes down to…
Knowing How to Think Like a Rich and Successful Entrepreneur
You can see yourself as an entrepreneur, setting your own hours, being your own boss, enjoying the freedom of being self employed. And you can just imagine what life will be like once you’re a big success and pulling in all that cash.
But hang on. Before you run to the car showroom and test drive your dream car, let me ask you something: Are you cut out to be an entrepreneur? Do you really have what it takes to get rich?
To answer, let’s see how you rate on these five characteristics. Can you / do you:
* Stick with something even when you don’t yet see results? The day you officially start your business will be one of the most exciting days of your life. You’ll probably run on adrenaline for the next several days if not weeks.
But then you come down off your high. And now you’re working the same amount of hours, trying to get your business off the ground, but it’s just not as exciting any more. The worst thing, however, is that you’re not yet seeing results… so you don’t have any tangible rewards to motivate you and keep you moving forward.
Let me ask you this: Can you stick with something even if it doesn’t pay off immediately? If so, this whole entrepreneur thing might be for you.
* Let go of a losing idea? Trust me on this: When you spend days and weeks working on an idea, it will feel like your baby. And really it is, because it certainly is your brainchild.
But what happens if your idea doesn’t work out? What if one particular idea is just dragging down your whole business? Can you let go of it, even though you’re attached to it and still love it? If so, you might make a good entrepreneur.
* Have confidence in your abilities? People are going to doubt you. Some may even laugh at you. If you listen to them, the chances of you enjoying success are slim to none.
Are you confident in your abilities and your idea? If so, then you might make a good entrepreneur.
* Know the value of the products/services you provide? Here’s a big problem: Sometimes beginning entrepreneurs work like dogs for pennies. And a lot of times this happens because they don’t value the solutions they’re offering. The beginning business person thinks, “Gee, I wouldn’t pay that much for this product, so I better keep the price low.”
But you are not your market. You are not your customer. And if you’re providing a good product or service with a high value to your customers, then you should charge them accordingly. If you’re charging too much, they’ll let you know.
But until then, you need to value the solutions you provide. And if you do value your products or services, then you might be a good entrepreneur.
* Solve problems? Finally, and this is a big one, are you a problem solver?
Obviously, problem solving comes in handy when you’re an entrepreneur, because the buck stops with you in your business. There’s no boss to solve your problems – you’re the boss. So it’s up to you to uncover and solve problems in your business.
But here’s the bigger reason: You’re in the business of solving your customers’ problems! If you know how to spot and solve other people’s problems, then you might be a good entrepreneur.
These are just five of the many traits of a successful entrepreneur. To discover seven more traits – and to take a FREE self assessment test that will reveal whether you’re cut out to be successful claim your free Silver Membership at Success Upgrade (normally $27.00) – Just Use This Special Link For Free Access!