The Science of Getting Rich and Where and When do you Start?
The answer to this question is quite simple…
You start right where you are at and now!
The fact is there is no better time to start then where you are at right now. If you put off this important part of getting going you may never get going.
I have been reading and studying material lately that suggests that you are only one idea away from your fortune. The main thing is to be open to hearing that idea and then have the guts to move forward with that idea until it becomes a reality.
So what ideas seem to create the greatest wealth:
1. Consumable products - products that people use over and over again. Food and Drink. Vitamins. Cleaning products. When you set up a distribution network and system for creating these products as long as there is a demand for these products and people have a taste for them it will continue to bring great wealth. Think of companies like Coca Cola, McDonalds, Pepsi Cola, Kelloggs, etc. These companies have a network of distributors and take a portion from each sale. Sale after sale after sale.
2. Royalty Income - Records. Music, Information. When you create a recording that is attractive to the ears of the public you can profit forever from it. Think of bands like Kiss, The Rolling Stones and The Beatles. Every time their music is played they receive a royalty that creates a wave of money to come to them in great abundance.
3. Real Estate - As the saying goes, their not making anymore of it. But when it comes to real estate it’s all about cash flow. It’s about what you pay for the real estate and the cash you receive for the use of the real estate month after month while building equity in the property. It has also been said that you make your money at the time of purchase not the time of sale. This is a very interesting concept to study. I encourage you to do so.
4. MLM - Multi Level Marketing. This is the process of selling consumable goods and getting others to purchase goods for themselves while referring it to people they know as well. And they tell a friend about it, and they tell a friend about, and they tell a friend about and so on. This way of marketing and promoting products is best when you are dealing in consumable goods. Again the success comes from the consumption of products that people enjoy.
5. Information products - You see them all the time on late night TV, selling the information that will… do whatever to help you get rich, lose weight, or whatever else is ailing you. They key to the success here is the lead generation to graduate the customer to more advance products and services that solve their problems.
I hope this list of possible ways of making money that keeps coming gets you thinking about ways you can apply it.
Remember, the key to success is about providing a positive product or service that others find valuable enough to part with their hard earned cash in order to get it. It’s my personal belief that it should help them enhance their lives.
As always, Here’s to Your LifetoSuccess,
John Clark
P.S. Make sure to get your goals set for 2008, go to http://goals.lifetosuccess.com and get yours set up today!
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