As a result, I failed hard at money in my early 20’s. My financial journey began with me opening credit cards I could not afford to manage, taking out student loans I didn’t need, and landing in $20,000 worth of credit card debt.
Believe it or not, there are sites that will give you free gift cards just for signing up with them. One of my favorites is Ebates, the cash-back shopping site. It’s giving away $10 gift cards if you sign up as a new member and earn your first cash-back rebate.
Word of mouth is the most powerful marketing tool that you can employ. Many large corporations spend millions of dollars on marketing only to pay their customer service personnel minimum wage. This is their area of vulnerability – your small business can create more personal relationships and provide better delivery and customer service than most of the large players in the industry.
Say the cookies cost $10 to make and they sell them for $50. That’s $40/month they’re earning in gross profit. If they had 2,000 people on such a subscription, they’re doing a million dollars per year.
Specifically, there are three things about you that you must change if you want to become a millionaire. I call this “The Wealth Tripod” because without all three, you’ll never become wealthy. All three steps are required if you want to build and maintain wealth. Like a camera tripod — if one of the legs is broken, the entire tripod will fall down.
Introducing yourself on social media first is a great way to get people to recognize your name and face. Once I became known for interviewing millionaires, it became a lot easier to make new connections with the people on my list.
Think about the core skills and competencies you offer and make sure to market yourself https://youtu.be/TwWDKpiGQww The top industries for online and work-from-home jobs include finance and insurance, sales, business services, technology and human resources, according to job-search site ZipRecruiter. And according to freelancing platform Upwork, these are the top lucrative skills for freelancers along with average hourly pay:
When I wanted to buy something I couldn’t afford, she was the first person to tell me to put my wallet away. While it definitely hurt my pride and my ego, she was right. I didn’t want to hear it, but I needed to hear it.
Stop watching TV. But everyone watches TV. Yes, couch potato the third, that’s why so few ever become millionaires. While you are watching TV, your competition, the more successful and the people you envy are all making money. Stop watching TV. In fact, cancel it if you always give in.
Make more profits from existing customers. The fastest way to increase your income is to sell more products and services to your existing customers. Find ways to add even more value, and offer the products and services to your existing customer base.