Many people end up joining a Home Based Business, or Work at Home Opportunity to make a lot of money, to be come RICH!The people “pitching” sharing about their businesses, ALSO talk about GETTING Rich, or even better, GETTING RICH FAST with out the hard work!How possible is this?With the above definitions, it is SIMPLE! In the grand scheme of things, EVERYONE in America is RICH! We have clean drinking water, government and private organizations that provide food and shelter, so having food and water is not a big problem. It IS in other parts of the world!Having a goal of being rich, is useless if you do not clearly define “rich!” The next time someone is trying to convince you to join a business because you will get rich, ask them how rich? Better yet, how much income?Before accepting a job, don’t you think about how much you will make (either per hour, or per year), and then figure your house hold living expenses, and see how much you have left over?And with any Home Based Business, or Work at Home Opportunity, what are the expenses? These are some of the BASIC questions you should consider BEFORE joining/starting any business, buying a franchise, investing opportunity…Let’s look at the numbers with a typical Home Based Business/Work at Home Opportunity:Expenses:
One Time Expense for Business:
- $500 – Joining Home Based Business/Work at Home Opportunity
- $100 – Main Product/Demo Kit for Business
- Total = $600 One Time ExpenseOn Going Expenses of Business:
- $30/Month – Back Office = $360/Year
- $30-$150/Month – Business Product/Service = $360-$1800/Year
- $100 – Annual Business Renewal
- $150/Year – Annual Training Convention
- $500/Year – Travel Expenses for going to Annual Training Convention (Hotel, Airplane Tickets, Food)Total = $1470 to $2910 Per YearIncome/Gross Profit:
One Time/Per Action
* $100 / per new member you introduce and train
- FAST Start BONUS: $1000 for 5 people in 1 month.
* 1% to 15% of your Down line Autoship sales NOTE EXCEPTIONS BELOW!
- 0% until you have personally trained 3-100 people
- 1% until your Down line hits $10,000/Month Autoship
- 2% until your Down line hits $20,000/Month Autoship
- 15% once you are a Triple Crown Double Ruby Executive Super Duper Space Leader!Many people do NOT talk about all these expenses up front, as they DO add up!And typically the way the system is set, there is PLENTY of income to be made, but it is work, not exactly what you call Get Rich Quick!People may talk about the big income numbers, but not all the details to get there.Whatever sort of business you join, of if you are planning on starting your own business and or franchise, you have GOT to do an analysis like this! And this is a VERY BASIC analysis! If these numbers do not look good, there is no point in going further!If the numbers seem good, our next article will be how to actually design your income!

Now, this is not a scientific study. I did not go out and survey 5,000 real estate investors and determine who were successful and who were not and then look at the characteristics that shape their success (or lack thereof). This is based on years of personal investing experience and what we have learned from other successful real estate investors.

If you lack these traits (or characteristics), there is a good chance you will under-perform as a real estate investor. You don’t have to have ALL of these, but the more you have, the more likely you will be highly successful.

Passion – I feel strongly that if you have passion, real passion about real estate (and investing in it), you will perform better than if you don’t. We know quite a few investors that are not passionate about real estate that have been successful but they feel worn out and want to leave the business. The only reason they don’t leave is because it’s making them money… but they aren’t having fun and they aren’t making as much money as they would (I think) if they were passionate about it. Besides, why spend so much time, energy, focus, and money on something you don’t love? Life is too short!
Mental strength – There are so many times where you may want to just give up because you’re doing so much heavy lifting mentally. Challenges like insurance issues, and property financing troubles, and tenant challenges are part of the business of real estate investing – be strong and you’ll do well. And by the way – the more physically fit you are – the better you’ll perform mentally. That’s a fact that has been proven by scientific study.
Belief – No one, and I mean no one will (or should) believe in you as much as you do. If you don’t really believe that you can be a successful real estate investor, then you may as well stop trying. There will be times when it seems like you are the only one that believes in what you’re trying to do so you have to be there for yourself! You should also surround yourself with folks that believe in and support you… but that’s a different point.
Guts – You have to be willing to go the opposite direction from the rest of the people you know. You have to be able to make your own decisions and have the guts to take action on them. This is not an easy thing to do especially when you first start out. And, to continue and advance as an investor you will still need guts to try new real estate strategies and techniques.
Integrity – Sadly, I have met many folks who have become successful without integrity but I believe that their success is likely only financial. I am confident they don’t have the relationships nor the personal satisfaction that comes with doing business with integrity. Doing business in a way that treats everyone with respect in turn makes you easier to respect and like… and makes it easier to attract the folks that will help you grow your business.
Focus – This is probably the most underrated trait or action for becoming successful. If you lack focus, it is still possible to become successful. Heck, over the years I have had trouble staying focused but I have still performed fairly well in the REI game. But, my lack of focus has certainly played an important role in keeping me from reaching my full potential. And, the best part about focus, along with most of these other traits is you can learn it/them!
Communication – If you dislike talking to people, emailing, or just all around don’t communicate well with others, good luck performing and being successful with real estate. You have to communicate constantly with realtors, mortgage brokers, banks, accountants, lawyers, vendors, buyers, tenants, appraisers, inspectors, contractors, the list goes on and on. If you aren’t at least somewhat effective at not only getting your point across but also being a good listener and understanding others, forget about being in the REI game.
Hustle – Lining up your joint venture partners, obtaining financing, managing all the appraisers, inspectors, realtors, placing and showing tenants the property all require a large amount of hustle. Sure, you don’t need to hustle 365 days a year to perform well, but you sure better be able to hustle every time a deal starts to come together!
Commitment – Are you committed? Really committed to being an amazing investor? Are you making it a priority everyday that you do something that will move you towards your goal of being a real estate millionaire? Now, you don’t have to do something everyday, but your level of commitment is directly related to becoming better, stronger, faster, smarter, and wealthier. No commitment = Little to no payoff.
Persistent – In my humble opinion, this is absolutely the most critical reason why some real estate investors under-perform. If you want to succeed in this business, you HAVE to be persistent. You will find the best deals by continuously following up on opportunities. You will secure the best financing by continuously trying to find a better option. If your partner backs out at the last minute you have to pick up that phone again and again until you find a new partner. Keep trying, keep pushing, keep being persistent. Do not give up.
Sure, there are likely several more traits that you need to have to rise to the top of the real estate investing pile, but if you have most (or all) of the above, you have a very good chance… in fact I would say you’re darn near guaranteed… to become a successful real estate investor.

Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.

Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.

Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.

Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.

Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.

Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.