March 17, 2008

The Millionaire in Prospective

Did you know that the vast majority of "wage earners" will earn less than one million dollars their entire working lives? Better than 95% of working people, right here in the U.S.!

Let's do the math...

The U.S. gross median income today is around $35,000 per year, the average person has a working life of around 50 years (age 17-67). I will take a high average of $30,000 for each of those 50 years, or 1.5 million dollars gross.

After income tax, property tax, sales tax, and every other tax- That leaves us with about one million cash for a lifetime of work. Though please understand that this is a simplistic evaluation for the sake of argument, this dose not include variables such as bank interest, stocks, bonds, property wealth, etc... But I will touch on these another time.

My goal is to impress upon you the true meaning of this amount, and what it takes to be a millionaire. The majority of us will buy homes, cars, food, clothing, energy, insurance, and education. Raise families, live, love, and play, for most of our lives on one million dollars.

Many "self-styled" wealth "gurus" like to throw that number around because it makes for good ad copy, Million, Millionaire, Make Millions, and so on. The reality is that most people don't really understand or care about money itself. Most people love the "idea" of wealth and what it can bring... Freedom to quit a job, a life of luxury. Freedom from work...

I'm sorry, but there is no such thing as freedom from work. It is this dream of wealth that blinds many of us to all these "million dollar cons". "A sucker born every minute" is a reality and will keep con-artists in business. Also why many of us will continue to be scammed, suckered, and bamboozled for a very long time to come!

Self-made millionaires, if you ever meet any, are some of the hardest working people you will ever meet. Smart business minds see money as a tool, and utilize it as such.

To the entrepreneur, cash is blood, oxygen, life of the business. And without it, business can't survive. What if a successful entrepreneur offered to teach you how to make $1 a day-every day, for ten minutes of work a day? Sound like a joke?

Consider this, a solid plan for earning $365 dollars per year? Or, "A Million a year working part time!"

-A twenty dollar eBook promising several thousand per week for a few hours work?

-A several thousand dollar course promising a million the first year?

-A solid, common sense plan, step by step, and the first step is one dollar a day?

Are you thinking "$365 a year, why bother? Consider compounding; multiplying your effort. $1 dollar for 10 minutes of work, work 1 hour $6, work 2 $12, and so on.

As you gain knowledge, your skills sharpen, your efficiency increases. One dollar will become two, then five, then ten and so on. That is how you build a business, which is how you build a fortune. $100 a day, sound better?

Reinvestment;

Many of these "get rich quick" Gurus love to tell anyone who will listen how they" made a million" doing this or selling that. Just assuming that's the truth, what they will forget to mention is the $500,000 or more it cost them to earn that million.

They will also forget to mention the many years of 14hr days spent building to that level. They have spent many years of developing skills, acquiring knowledge, networking, and the many failures along the way.

Most successful companies will reinvest 33% to 50% of income. The least efficient, or those with massive overhead costs, will spend 80-95 cents for every dollar earned.

Yes it costs money to make money. As your business grows, reinvestment will be necessary. You will spend on marketing, education, automation (software, employees, etc...). But in the beginning all you will need is time.

Reinvestment is key...

Compounding is key...

Let's face it; you will never make a fortune working for someone else. You'll never reach a goal if you never HAVE a goal. You will never get what you want by dwelling on what you don't want. Nothing worth having is free or easy. Indulging in "POOR-PERSONS" thought will make you just that, poor. Now what are you doing to live your dreams?

About the author...

E. S. Lorence is a free lance writer, author, and Internet entrepreneur based in Alpharetta, GA.

Join him at his marketing and motivational home at-

WEALTHMETHOD.COM

And here-

THOUGHTSEARCH.COM

How to Use Affiliate Programs to Make Money Online

Find out the "real" secret to earning top dollar on the internet using affiliate programs. The answer may surprise you...

All it takes to make money online using affiliate programs is...hard work. This should be no surprise, but to some it is quite a shock. Some people believe that the internet is a free ticket to ride the money train, and the fact that you actually have to apply yourself and work hard for your money is absolutely unbelievable. If you want to make money online, treat it like you would a real job and work your butt off!

Not having money to invest in certain tools and/or advertising will make your job that much more difficult also. I understand that not everyone has money to put into their business and that is okay. It is not impossible to make money without having money to invest. What this means is you are going to have to work harder and longer to make affiliate programs pay out for you.

Take article marketing for example. I pay a monthly fee for a distribution service that will submit my article to hundreds of article directories at the click of a button. It is possible to manually submit my articles to each directory that my distribution service does, but that would literally take me days to do. That being said, the service provided is worth well more than the small fee I pay.

This holds true for the entire internet marketing arena. There are a plethora of different services that will make your job easier and make the affiliate programs pay out a lot sooner and much more than they would without paying for certain services.

There is a popular myth going around about the internet and what you 'should' make when using it to make money. Business is business anyway you look at it, whether on or off line. If you want to make money using the internet, you have to apply real business methods. If you want your home based business to be successful, it is imperative to set up a budget and there will be costs involved. Off line, would you ever go into a business without some money to invest? Same applies to the internet.

There is quite a bit of a difference between costs in the 'real world' and on line. Compared to what it would cost to start up a brick and mortar business, a home based business on the internet will cost just a fraction of that. But you are still going to have to work hard, money or no money, to get visitors to your website. You must make sure your visitors are clicking on your affiliate links once you get to the point where you are receiving visitors on a regular basis.

That being said, you can make money and even a living from affiliate based programs without having money to invest. What you don't invest immediately out of pocket, you will pay in time that you put in. The second you start making any money online I would strongly suggest you use that money to invest in services that will make your life and efforts much easier.

The internet is providing many people with the ends to live their lives very comfortably. Once you put in the effort and really push yourself to succeed, these affiliate programs can and will put money in your pockets month after month for years to come, all in auto drive. Work hard now and enjoy the fruits of your labor after the work is done, that is the secret to making real money online with affiliate programs. Once you see all your hard work begin to pay off and the money rolling inFree Reprint Articles, success will feel soooo good.

Source: Free Articles from ArticlesFactory.com

Matt Helphrey is the owner and webmaster of http://www.livelifetothefullest.biz He uses Internet Based Affiliate Marketing to make money online. Use this website to research the many programs available or sign up for free money making tips and tricks.

Effective Affiliate Marketing: Only Do What Matters

Use this affiliate marketing trick to start seeing affiliate commissions faster and more consistently. And the great thing is, you don't even need to create a website or blog to make a great income online.

Let's start focusing on the ONE thing that really matters in affiliate marketing, shall we?

As you're probably already aware, affiliate marketing is a tremendous opportunity to make money online... or at least it should be. Unfortunately, a lot of affiliate marketers miss the boat on what affiliate marketing really is. They end up spending time on secondary activities that don't directly lead to affiliate sales, instead of focusing on the ONE activity that boosts their affiliate income to new heights.

I'm about to show you why you need to get your affiliate offer up as fast as possible so you can concentrate on what really matters. If you follow my advice, you'll see your affiliate checks pouring in faster and more consistently. Plus, in my resource box I'll send you to place that teaches you how you can get started doing the ONE thing necessary for affiliate marketing success TODAY... not days, weeks or months from now.

So let's get started...

Let's not make things difficult. There are only TWO things you need to do to be successful at affiliate marketing:

#1 : Creating The "Offer"

By "offer" I mean where you are going to recommend, presell or otherwise present your affiliate link to your visitors and subscribers. Obviously, you are trying to match the RIGHT solutions to your target market's problems. Your offer can take on many forms such as blog posts, web pages, articles, reviews, ads, free reports, mini courses, etc.

#2 : Sending Targeted Traffic To Your Offer

Once you have your offer in place, you need to spend time getting your offer in front of the eyes of people who can use what it is you are recommending. This is where you attract targeted visitors to see the solution you are recommending. Traffic generation can take on many forms such as blogging, article marketing, participating in forums, pay-per-click advertising, creating videos on YouTube, etc.

And that's about it!

So, what's the trick to get the affiliate commissions rolling in as fast as possible?

The trick is to follow a PROVEN PLAN for creating your offer and getting it set up AS FAST AS POSSIBLE, and then spending the bulk of your time driving TARGETED TRAFFIC to your offer. (Read this again to make sure you get it.)

Sounds simple right? But you'd be surprised at just how many affiliate marketers miss this trick completely.

They either...

- Don't set up the offer following a proven plan - Take too long to set up the offer correctly - Spend no time sending targeted traffic to their offer - Or spend too little time working on traffic generation

... or a combination of these actions which lead to affiliate marketing failure.

So, if you want to see your affiliate income skyrocket with faster, more consistent affiliate commissionsFeature Articles, get your EFFECTIVE offer set up super fast and then settle in for the long haul of doing what really matters... sending targeted traffic to your offer.

Source: Free Articles from ArticlesFactory.com

Edward Lomax, as promised, reveals his method for affiliate marketing success as fast as possible without even having to create a website or blog. This is the fastest way to get your affiliate offer set up following a proven system so you can start driving traffic and collecting those affiliate check. Read about it here: Fast Affiliate Marketing Without A Website