It blows my mind to see how many people fall into ‘Get Rich’ schemes even when their conscious is pounding on the inside of their head to steer clear.
Here are 3 common ways people tell you that you can make money – two of which are a waste of time and money.
- Pyramid Schemes (i.e. Travel Websites, Avon, Wine Party’s etc…)
- Get Rich Quick Online (i.e. Google Adsense)
- Start your own business
Most likely you can guess which one works but let’s first touch on which ideas don’t work and why.
1st – Pyramid Schemes: This is a tactic that everyone is almost too familiar with that comes packaged in a pretty nice pink box with lots of ‘opportunities’ to get rich quick – most of which require you to dip in some kind of investment that never pays off. If your running low on cash, or looking to make some decent money, avoid Pyramid schemes like you do the line at the local grocery store with the lady dragging 4 cartfuls of food.
2nd – Get Rick Quick Online (i.e. Google Adsense.) Now, don’t get me wrong there is deffiently some money to be made online through affiliate programs and ad publishing like Google Adsense offers but this is NO way to make money quick unless you already run a website with a nasty amount of traffic, in fact so much traffic you get shut down by your ISP for regularly going over your bandwidth limit. If that’s not the case, it might be a good hobby to jump into but don’t expect it to pay your bills off the get-go.
3rd – Start your own business. Find something you like, or enjoy doing and really dig down deep, find your passion bucket and pull everything you got from it. Everyone has at least 1 passion right?
Anyway you guessed it. Starting your own business is the most viable way to dig out of a whole when doing things right, it can also be your first class ticket straight to bankruptcy if you don’t as well as I.R.S pains. Here are a few helpful tips to get started as well as a special offer from yours truly.
- Figure out what you want to do – don’t just pick anything, pick something your passionate about.
- Come up with a cleaver name
- Register your name with your state & IRS.
- Hookup with a Book Keeper – or do your returns yourself. Just make sure you do them.
- Contact me to get you a starter website up for cheap. Low monthly fees, excellent search engine placement and near instant leads – all for yourself! Check out NewBiz.SeanHakes.com.
Last… get ready – as a new business owner Uncle Sam will take about 60% of your income! So make sure you include a 60% markup on all items
Stay classy,
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