There was a time when I was doing interviews with entrepreneurs and then turning them into blog posts. I found the process exhausting and uninspiring. This made me quit and I haven’t done another entrepreneur interview since.
What about the next part of the funnel? How do we increase the percentage of people who hire you of those who have heard of you from 1.5% to, let’s say, 2%? Again, identifying the question is half the battle, so now it’s time to brainstorm. Perhaps you can take a class on sales or simply hustle harder or hire a salesperson to talk to prospects. Again, you’ll figure it out now that you have the right question to ask.
Although having to contact each business directly can be time-consuming, often independent vendors can have much better affiliate fees than Amazon and generate you a larger profit. There is also an extremely useful WordPress plugin, ThirstyAffiliates, that will also help you manage and organize your affiliate links.
So I show people how to setup a simple affiliate business by promoting 3 products that you already need to start an online business. First I show you the blog we will use, then i’ll show you how to signup to start building your email list, then how to build a funnel then you teach other people how to do the same never charging them but you will make commissions on the products.
Millmentor.com “You can keep that luck shit in your pocket” -@garyvee I love that quote. Guys, people want to make excuses as to why they are not where they want to be, they want to dumb down other…
Now, I mentioned a moment ago about the three different buckets that people build wealth within. Now, I want to take some time to dive into each of the three buckets, one at a time, to share the best ways to become a millionaire using that strategy.
Subscription – If you think of something valuable (newsletter, online magazine, etc.) that you can consistently offer on a certain basis (weekly, monthly, etc.), you may want to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. Either way, this has to be something that your customers can only get by subscribing to your website.
Help others. Learn to be a caring individual that makes the world better for people around yourself. It will lead to more positivity coming your way. Also, donating to charities can come back to you in the form of tax deductions.
Putting money into your savings every month is a key habit that will allow you to become financially independent and be able to do the things you love. As Dr. Demartini said, make saving something you “don’t have time to emotionalize over…it’s electronically done.” Many banking institutions offer automatic transfers into a savings account, or you can even have your company automatically pull aside money from each paycheck, similar to a 401K. Do your homework on where to stash your savings; banks are not known for providing great returns on capital.
“Analysis of several hundred people who had accumulated fortunes well beyond the million dollar mark disclosed the fact that every one of them had the habit of reaching decisions promptly,” Hill wrote in his 1937 personal-finance classic “Think and Grow Rich.”
If you have second-hand items to sell, or in fact your own products that you have created or labeled, then you can sell them through Facebook. Post your products on some of Facebook’s many selling pages, and people can then view your goods and message you about payment and pickup.
Many business owners find that it is only through listening to customers and/or trying to offer a dozen business services or products that they finally find one that really resonates with their target market and takes off in terms of sales. Each experiment that you try will teach you something about your business and customers. Many of the largest, most successful companies have market-tested thousands of products to develop their portfolios of one- to two-dozen existing product offerings. Hard work creates luck and if you experiment long enough, you will find something that sticks.
Rule No. 7: Customer Service. You can treat each customer, new and old, like a real human being. “We intuitively sort of knew what we didn’t like in customer service everywhere else: automated calling trees, slow response times, poor problem solving, etc., so we made sure there was as little friction as possible between the customer contacting us and actually getting their problem solved.” When you are a small business, there’s no excuse for having poor customer service. Your best new customers are your old customers, and the best way to touch your old customers is to provide quick help when they need it. Customer service is the most reliable touch point to keep selling your service to them.
As with any traditional bank, there is some risk attached with peer-to-peer lending. Zopa have gone a long way to mitigating this with their Safeguard feature, which effectively spreads your money across a wide range of borrowers (who are also credit checked).
In part, how long it’ll take to become a millionaire depends on where you are now. If you already have $500,000 saved, it might take only 10 to 15 years, in inflation-adjusted terms, provided you sock away $10,000 to $15,000 a year and your investments outpace inflation modestly.