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Monday, September 26, 2016

What is the best way to to make Money?

Affiliate marketing is, without a doubt one of the easiest and realistic ways to make money.
If you know what you are doing selling affiliate products is really easy.
Affiliate marketing contains 3 roles to make it work, the advertiser, the distributor, the purchaser.
The advertiser
An advertiser can be an organization offering items like electronic gadgets, plane tickets, garments or auto parts, or a sponsor could likewise be an insurance agency offering insurance. The most important thing is that the advertiser is ready to pay individuals to offer its products to its potential customers and followed by selling its product.
The distributor
A distributor is an individual or organization that promotes an advertiser's products in return for acquiring a commission. Advertisers contractually consent to work with a distributor, then proves the distributor with resources – as links, marketing videos, banners or even text ads - that the distributor incorporates into their source of traffic.
The purchaser
The last part that finishes the affiliate marketing triangle is the purchaser. The purchaser is the person who really sees the promotion and afterward makes an activity (either by clicking a connection or by submitting their purchasing information through a form) that takes them from the distributor's source of traffic to the promoter's to finish the activity, which we call a conversion
So who should you be as?
Considering the fact that not many people have a ton of time and money to come up with a product, test it and actually bring it to the market. I suggest you to go the route of a distributor. It is not a one click get rich way to earn money online. Some work still has to be put in to drive traffic to your advertiser's product. But it is difficult to get someone to approach you and pay you to give them sales.
In order to arrive at the best way to make money, we must first realize some absolute truths. And I’ll go ahead and say this - if you think that the best way to make money is working for a company, then stop reading this right now. This post isn’t for you.
Now, I’m going to lead you down the rabbit hole, and once we’re in, then we can better discuss the best way to make money. Understand: the things I talk about are things I’ve personally done. I’m not some nerd professor theorizing about vague sh$#. Rather, I’m the exact opposite - a guy, who reads and gets things done.
Here are some fundamental truths you need to come to realize:
  1. You won’t get rich working for a company. If you’re not the CEO how can you? If you work for a big company that has thousands of employees, do you really think you’re going to become the millionaire? What makes you so special anyways? Do you really want to play politics for the rest of your life hoping your boss gives you a measly raise or promotion? And while we are talking about promotions, don’t you know the fundamental truth of all - The higher up the corporate ladder you go, the less job security you have! Momma didn’t raise no fool did she?
  2. Your company doesn’t give a sh$# about you. Let’s say you are a 30 year old, intelligent, sharp, good looking guy/girl. Are you dumb enough to think your boss has your best interests at heart? After all, your boss has been in the corporate rat race for so long the only thing they can think of political strategy and under handed moves. Don’t kid yourself, your boss will fire you in the blink of an eye, while taking credit for all the good work you’ve done, and the icing on the cake is when your boss tell you that they taught you everything you know. Consider yourself warned.
  3. HR/EEOC doesn’t give a sh$# about you. Oh Mr. HR person, I’m a minority and my boss is racist, can you help me!?! Let me be clear and frank - a claim like this, valid or not, is a surefire way to see the corruption inherent in any company. How? Well think about it - a multi-million claim merits a multi-million dollar game, and bet your ass your company will play it. Another way of putting it is like this - you never hear about all the ATM’s that are stolen every week and all the money taken from them do you? No. In like manner, you rarely hear of the multi-million dollar settlements from cases like the one described above. Do not be so foolish to think that your company will actually play by the rules. If there is a chance of a multi-million dollar suit you can expect all kinds of crazy things mainly (1) lying, (2) stealing, (3) cheating, and (4) killing. But you say a corporation wouldn’t kill anyone. To that I respond, oh really?
  4. Your “beloved” co-workers probably don’t give a sh$# about you. Gossip, sneering, chit chatter, passive aggressiveness, lying, and under handed moves. Sound familiar? Of course it does, this is almost every corporate work environment. There are exceptions to the general rule, but we are talking in broad strokes here.
  5. You’re not in control of your future if you work for a company. This is self evident. You don’t control your future if you work for a company. If you did, then you could do what you want, when you want, how you want, and not have anything limiting your income or vacation time! Or even what clothes you wear and how you talk. But alas, you don’t have control over these things, your company does.
  6. Your income is limited/has a ceiling on it. Hello Mr. Joe Blow, congratulations on getting the job. You’re going to be making a whopping $80,000 per year, while being our b&$ch. Yes you heard right, if you step out of line and use your brain, we will fire you. If you ever say your true opinion about anything, we will fire you. If your boss wants to throw your ass under the bus in front of 50 people, that’s ok. In fact, why don’t you get on your knees and kneel when your boss does that? If you come in here wanting to talk about “career development” or whatever the hell you guys call it these days, we will concede and let you into our leadership programs, so you can train other people to be obedient, house broken dogs. If you do a good job, then we may give you a $5,000 year end raise. **Which if you think about inflation, rising rental prices, etc. $5,000 aint jack sh$#!
  7. If you work for a company you can’t truly say what you think or give your true opinion. Chances are ‘you’ll offend someone”. Of course you will, everyone today is offended by damn near everything.
  8. Haha career development? Sure go ahead and take some virtual lessons on how to correctly fill out an expense report or work your new accounting program.
I could go on and on, but let’s keep this as short as possible. The above is stupid but true. And hopefully you get the point - it’s stupid to have dreams of having a big house, fast cars, exotic vacations, if you work for a company. It won’t happen. Even if you don’t have these dreams, living out the best years of your life like this doesn’t make much sense.
I once was a corporate legal dummy working 110 hours per week. Yes, that’s right 110. Family life? Hell no. Stress. Yes. Depression. Yes. Did all of the above happen to me. Yes.
I quit. But before I quit, I had started three companies. People all over the internet told me how I was an idiot for trying this method. I didn’t listen to them. One thing I’ve learned is that most people on the internet talk in vague terms which to me means they haven’t really done what they’re advocating. They’re just squawking and quacking hoping that someone is dumb enough to think they know what’s true.
So here’s whats true. You can start a company(s) while you have a corporate job. It’s easy. Once your earning from your side company equal what you’re earning at your company (or even a little less) freaking quit and never go back. Here’s a step-by-step how to do it:
  1. Decide what kind of company you want to start.
    1. Service company (food delivery, drone inspections, maid service, landscape, etc). These are cheap and easy to start and are usually profitable in month two or three. Drone inspections are profitable from day one!
      1. Food delivery - First hand experience. In population of 200,000 brings in about $20,000 per week. Simple SAAS solutions allow you to start this for less than $500.00. To be clear it amounts to this: you pay a couple hundred bucks and get an SAAS solution that potentially will net out over $20,000 per week. Hmmm, I wander if that’s worth testing? Of course it is.
  1. Drone inspections - $10,000-$20,000 for two days of work. Here you want to target (1) oil companies, (2) energy companies, (3) wind farms, and (4) new construction projects. To be clear, you can earn over $30,000 per week doing this. Also, if you’re still unsure look at it this way: one job with the drone will pay for the freaking cost of the drone.
      1. Maid service - big recurring money here.
      2. Landscaping - Is there money in this? Have you ever looked at the cost of one riding lawnmower these guys use? Upwards of $10,000. And these companies have 10+ mowers of this type. So you tell me if this niche is profitable?
    1. Product company - these require big sums of money and also come with the added risk of the product not performing well. If you choose this make sure you do your market research before diving in!
    2. SAAS - if you have the technical knowledge there are some attractive areas here, namely, service business SAAS platforms. There is little to no competition here, so there is money on the table here.
    3. If you don’t want to start a company, you could always make $500 -$1,000 per day spray painting home numbers on the curbs of houses. Want to see how I arrived at the number?
      1. Spray paint house #’s for $15.00
      2. Upsell, glow-in-the-dark spray paint for +$10.00. Brings total to $25.00
      3. Upsell American flag outline for an extra $25.00. Brings total to $50 per home.
  2. Company Structure? (Sole prop, LLC, or Corporation). I’m not going to go into all the details of the various company structures. Sole prop’s are easy and simple to start. LLC and Corporations will require money to file the paperwork with the state. Start Sole Prop then change company organization down the road.
  3. Business Bank Account - go to your bank and open one. This is where the profits go.
  4. Branding. You’ll want a nice, modern, clean looking website and logo. To be clear, if you’re projecting an out of date image don’t complain if you’re not getting business. People nowadays expect nice websites at a minimum from the companies they do business with.
  5. Marketing. Create and link all social media sites:
    1. Twitter
    2. Facebook Business page
    3. Instagram
    4. Google Plus
    5. Youtube
    6. Snapchat
    7. Linkedin
    8. Yext
      1. ***Post a minimum of 3 times per day. Run contests. Be fun and outgoing. People love this.
      2. Run ads to build your audience. You’ll do this after you invite all your friends, family, and contacts to like your page.
    9. Old school advertising is your friend! Why? Because it works. Here’s what you need:
      1. Door hangers - you know, the things you hang on people’s doors advertising your services and company
      2. Bandit signs - these are the signs that you place in yards and in empty lots advertising your services and company.
  6. Second Business Line. Get a second line on your phone. You don’t want to be answering business calls at work on your company line.
  7. Hiring workers. Easy way - Craigslist post advertising for workers. You’ll get tons of applicants very quickly. You can also use various other websites as well. Or if you’re like me, start with friends and family.
  8. Get a good accounting program.
  9. When your monthly net profit equals what you’re currently making at your corporate job, tell your boss you quit, walk out, and never work for someone else again.
  10. With that being said, I think there is actually one answer that stands out and is much more universal:

    Money is "the best way to make money"!

    For the most part, and I don't have the stats to prove it, working in finance or some derivative of it is probably the most consistent and proven way to make money.

    It's a pretty well known fact that those working in finance are generally the highest paid. New York bankers have a long tradition of being financially well off. I have yet to really meet a person in finance struggling and after getting more exposure to the field in Business School, its the closest to guaranteed wealth.

    Even when looking at the valley, VC's make huge gains from the success of companies and entrepreneurs as they spread their risk and take money to turn it into more money. Company failures can crush a founder, but usually are a small dent in any investor's portfolio.

    The financial crashes of history are going to quickly be pointed to as a counterpoint, but those usually impacted non-finance folks just as badly as those in it. And it seems that finance recovers much quickly and is more resilient than any other. I didn't see any bailouts for Tech companies in the 2000's once the bubble popped. And the stock market crash threw everyone into depression. And those working in money usually understand best how to shield themselves and recover from a bad turn.

    So ... while coding, building a company, and selling things are all ways to make money, they are very high risk high reward and we idolize the outliers more than the median. When it comes to simply "making money" ... the business of money is your best bet.

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