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Passive Income – How to Make Money Without Lifting a Finger

A lot of people don’t realize it, but there is a huge difference between passive and non-passive income. With non-passive income, the second you stop working, the money stops coming in. With passive, you can do whatever you want and the money keeps on coming. Nothing could be further from the truth. Money is only half the equation. The other half is time. Somebody who is makes one hundred dollars a year and works eighty hours a week is much less powerful than someone who makes the same amount but only works four hours a week. This is because the second person has far more time to be able to spend their money. So passive income should be the goal. This will free up your so you can spend it living your dreams, instead of doing mandatory income-producing work. What’s the best passive income strategy? There are a number that work. Here are three of the best: #1) Stock investing This is one of the most famous examples of passive income. Here you simply invest a ce…
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How To Work Backwards To Set Your Business Goals

Today I want to share my thinking process for setting smart business goals with you. I like to work backwards from a financial goal to daily to-do lists. Here’s how that works. It always starts with a money goal. It helps if that goal has a meaning beyond the dollar figure. For example, let’s say that I want to buy a new car. The payment is around $400. To account for things like taxes and just to be safe, I’ll bump the goal up to $600. In other words, I need to add an extra $600 (or more… more is always better) to my monthly bottom line. Once that’s done and I am seeing that level of income on a regular basis, I’m ready to order my new car. Once I know how much money I have to make, I can start to think about different ways to do just that. I could find more customers for one or several of my existing products. For example, if I have a $10 eBook, I would have to make an extra 60 sales per month. From there I can work backwards. If I know that on average one out of 10 em…
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Why Business Planning Is The Secret To Success

Do you set aside time regularly to plan what you want to do in your business? If it’s not something you currently do, I strongly encourage you to embrace it for the remainder of this year as well as the one coming up. Setting aside time at the end of the year, to plan out what I want to do and more importantly what growth I want to achieve in the coming year has been crucial to my own success. Over the next several days, I want to share some of what I’ve learned - and hope you too will find it helpful in your business. Let’s start off by taking a look at why business planning is “the secret” to success. There are a few different factors that come into play here. The first is efficiency. When you go in with a clear plan, you can focus on what’s most important. Instead of spending time trying to figure out what you should be working on, what pieces of the puzzle are missing from your product funnel, or what you need to do to break through to the next income level, you know e…
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Marketing Online of Offline – You have to Know your Audience!

It may go without saying that Internet marketing is one of the most popular advertising options available. The Internet reaches a worldwide audience and is available 24 hours a day. For this reason more and more potential customers are turning to the Internet for a variety of reasons including researching products and services and making purchases. As more and more consumers turn to the Internet for these reasons, it is important for businesses to establish an online presence. This is so important because failure to do so may result in their competitors gaining an edge over them in competing for sales. While it is important for business to begin Internet marketing campaigns it is also important for these same businesses to realize basic advertising principles still exist and they cannot neglect these principles. Most importantly those who advertise online have to be aware of who their target audience is and how to reach this audience. As with any marketing campaign, business…
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5 Easy Ways To Land Your First Side Hustle Client

Landing your first client may sound like an extremely difficult thing to do at first. However, if you work on developing your skills and learn how to present yourself as someone who can add value to other people's businesses, then you'll be able to get the ball rolling on your side hustle! "It’s never been easier to make extra money on your own time and on your own terms."  So, here are 5 easy techniques you can follow to get your first-ever paying client: 1. Let your friends know Don't be shy. Your real friends will be happy to help you out, and if they believe in you and your skills, they'll be happy to spread the word about you. If you've got well-connected friends, ask for help. They may be able to connect you with your first client! "The 'sharing economy' is removing barriers; creating opportunities for solopreneurs that were once deemed exclusive to big companies and corporations, and bringing us back to our roots." Unknown 2. Distribute flyers in your neighborh…
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Outsourcing: How to Grow Your Business, Save Money and Get More Done

Discover how to tap into a truly global pool of talent to free up more of your time and build your business faster. Why Outsource? Running an online business is a great way to make a living, but it can also become challenging very quickly. Most startups begin as a founder-run business, with the owner undertaking everything from building the website to answering customer support tickets. But in an increasingly-complex business environment, that quickly becomes unsustainable. There are just too many things to do: sourcing/creating products Managing inventory and fulfilment Working on SEO Spreading the world on social media Updating the website Managing advertising Dealing with technical issues Building an email list Dealing with customers Creating new content ...and so on. When a solopreneur tries to wear too many hats, the result is that nothing gets done efficiently, and the business suffers. Quite simply, you need help. And thankfully…
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