4 Simple Steps to Increase Your WealthCopyright Kevin Purfield1. Believe you
can Before anything happens there is first a thought. Nature does not give the
ability to conceive an idea without the ability to create it.Believing you can
do anything is the first step to beginning anything. There are endless
possibilitiesavailable to you to create the life you desire.2. Start a
businessStart your own business and learn to be self-sufficient. As you learn to
build a business you will gain greater controland understanding of the amount of
money you can create. According to the book The Millionaire Next
Doorself-employed people made up less than 20% of the workersin America but
accounted for two thirds of the millionaires.Start your own business even if
it's a part time home business. 3. Develop residual incomeResidual income is
money you receive even if you do not work.An example would be if you owned an
apartment building.The renters pay their rent which pays the buildings
expenses.Any income above the expenses can be considered residual income.Another
example of residual income would be if you owned shares of stock in a company
that paid quarterly dividends.As a share holder you would receive divided
payments four times per year. You do not have to do any work for them.4. Buy
things that increase in valueMany people appear to have financial wealth with
their possessions.Cars, clothes, electronics gizmos, large homes. The fact is
that many of those things will not be worth what was paid for themin several
years. Buying high quality investments in real estate, stocks, bondsand building
your own business are ways to increase your wealth.Many millionaires live well
below their means. Many people who have high consumption life styles have little
or no investments, appreciable assets, income-producing assets or private
businesses.Those people who can be defined a being wealthy get much more
pleasure owning substantial amounts of appreciable assets than from displaying a
high consumption life style. Resource Box
---------------------------------------------------------------Kevin Purfield
owns the Wealth System Online Resource Directory where you can find everything
you need to start,run and grow a home based internet business
at:http://www.wealthsystemonline.com/pluginprofits.htm
-------------------------------------------------------------Kevin Purfield owns
the Wealth System Online Resource Directory where you can find everything you
need to start,run and grow a home based internet business
at:http://www.wealthsystemonline.com/pluginprofits.htmHOW TO RAISE MONEY FOR
STARTING A BUSINESSKevin PurfieldHOW TO RAISE MONEY FOR STARTING A
BUSINESSCopyright Kevin PurfieldThe task of raising money for a business is not
as difficult as most people seem to think. This is especially true when you have
an idea that can make you and your backers rich. Actually, there's more money
available for new business ventures than there are good business ideas.A very
important rule of the game to learn: Anytime you want to raise money, your first
move should be to put together a proper prospectus.This prospectus should
include a resume of your background, your education, training, experience and
any other personal qualities that might be counted as an asset to your potential
success. It's also a good idea to list the various loans you've had in the past,
what they were for, and your history in paying them off.You'll have to explain
in detail how the money you want is going to be used. If it's for an existing
business, you'll need a profit and loss record for at least the preceding six
months, and a plan showing how this additional money will produce greater
profits. If it's a new business, you'll have to show your proposed business
plan, your marketing research and projected costs, as well as anticipated income
figures, with a summary for each year, over at least a three year period.It'll
be advantageous to you to base your cost estimates high, and your income
projections on minimal returns. This will enable you to "ride thru" those
extreme "ups and downs" inherent in any beginning business. You should also
describe what makes your business unique - how it differs from your competition,
and the opportunities for expansion or secondary products.This prospectus will
have to state precisely what you're offering the investor in return for the use
of his money. He'll want to know the percentage of interest you're willing to
pay, and whether monthly, quarterly or on an annual basis. Are you offering a
certain percentage of the profits? A percentage of the business? A seat on your
board of directors?An investor uses his money to make more money. He wants to
make as much as he can, regardless whether it's a short term or long term deal.
In order to attract him, interest him, and persuade him to "put up" the money
you need, you'll not only have to offer him an opportunity for big profits, but
you'll have to spell it out in detail, and further, back up your claims with
proof from your marketing research.Venture investors are usually quite familiar
with "high risk" proposals, yet they all want to minimize that risk as much as
possible. Therefore, your prospectus should include a listing of your business
and personal assets with documentation - usually copies of your tax returns for
the past three years or more. Your prospective investor may not know anything
about you or your business, but if he wants to know, he can pick up his
telephone and know everything there is to know within 24 hours. The point here
is, don't ever try to "con" a potential investor. Be honest with him. Lay all
the facts on the table for him. In most cases, if you've got a good idea and
you've done your homework properly, an "interested investor" will understand
your position and offer more help than you dared to ask.When you have your
prospectus prepared, know how much money you want, exactly how it will be used,
and how you intend to repay it, you're ready to start looking for investors.As
simple as it seems, one of the easiest ways of raising money is by advertising
in a newspaper or a national publication featuring such ads. Your ad should
state the amount of money you want - always ask for more money than you need so
you have room for negotiating. Your ad should also state the type of business
involved (to separate the curious from the truly interested), and the kind of
return you're promising on the investment.Take a page from the party plan
merchandisers. Set up a party and invite your friends over. Explain your
business plan, the profit potentials, and how much you need. Give them each a
copy of your prospectus and ask that they pledge a thousand dollars as a
non-participating partner in your business. Check with the current tax
regulations. You may be allowed up to 25 partners in Sub Chapter 5 enterprises,
opening the door for anyone to gather a group of friends around himself with
something to offer them in return for their assistance in capitalizing his
business.You can also issue and sell up to $300,000 worth of stock in your
company with out going through the Federal Trade Commission. You'll need the
help of an attorney to do this, however, and of course a good tax accountant as
well wouldn't hurt.It's always a good idea to have an attorney and an accountant
help you make up your business prospectus. As you explain your plan to them, and
ask for their advice, casually ask them if they'd mind letting you know of, or
steer your way any potential investors they might happen to meet. Do the same
with your banker. Give him a copy of your prospectus and ask him if he'd look it
over and offer any suggestions for improving it, and of course, let you know of
any potential investors. In either case, it's always a good idea to let them
know you're willing to pay a "finder's fee" if you can be directed to the right
investor.Professional people such as doctors and dentists are known to have a
tendency to join occupational investment groups. The next time you talk with
your doctor or dentist, give him a prospectus and explain your plan. He may want
to invest on his own or perhaps set up an appointment for you to talk with the
manager of his investment group. Either way, you win because when you're looking
for money, it's essential that you get the word out to as many potential
investors as possible.Don't overlook the possibilities of the Small Business
Investment Companies in your area. Look them up in your telephone book under
"Investment Services." These companies exist for the sole purpose of lending
money to businesses which they feel have a good chance of making money. In many
instances, they trade their help for a small interest in your company.Many
states have Business Development Commissions whose goal is to assist in the
establishment and growth of new businesses. Not only do they offer favorable
taxes and business expertise, most also offer money or facilities to help a new
business get started. Your Chamber of Commerce is the place to check for further
information on this idea.Industrial banks are usually much more amenable to
making business loans than regular banks, so be sure to check out these
institutions in your area. Insurance companies are prime sources of long term
business capital, but each company varies its policies regarding the type of
business it will consider. Check your local agent for the name and address of
the person to contact. It's also quite possible to get the directors of an other
company to invest in your business. Look for a company that can benefit from
your product or service. Also, be sure to check at your public library for
available foundation grants. These can be the final answer to all your money
needs if your business is perceived to be related to the objectives and
activities of the foundation.Finally, there's the Money Broker or Finder. These
are the people who take your prospectus and circulate it with various known
lenders or investors. They always require an up-front or retainer fee, and
there's no way they can guarantee to get you the loan or the money you
want.There are many very good money brokers, and there are some that are not so
good. They all take a percentage of the gross amount that's finally procured for
your needs. The important thing is to check them out fully; find out about the
successful loans or investment plans they've arranged, and what kind of investor
contacts they have - all of this before you put up any front money or pay any
retainer fees.There are many ways to raise money - from staging garage sales to
selling stocks. Don't make the mistake of thinking that the only place you can
find the money you need is through the bank or finance company.Start thinking
about the idea of inviting investors to share in your business as silent
partners. Think about the idea of obtaining financing for a primary business by
arranging financing for another business that will support the start-up,
establishment and development of the primary business. Consider the feasibility
of merging with a company that's already organized, and with facilities that are
compatible or related to your needs. Give some thought to the possibilities of
getting the people supplying your production equipment to co-sign the loan you
need for start-up capital.Remember, there are thousands upon thousands of ways
to obtain business start-up capital. This is truly the age of creative
financing.Disregard the stories you hear of "tight money," and start making
phone calls, talking to people, and making appointments to discuss your plans
with the people who have money to invest. There's more money now than there's
ever been for new business investment. The problem is that most beginning
"business builders" don't know what to believe or which way to turn for help.
They tend to believe the stories of "tight money," and they set aside their
plans for a business of their own until a time when start-up money might be
easier to find.The truth is this: Now is the time to make your move. Now is the
time to act. The person with a truly viable business plan, and determination to
succeed, will make use of every possible idea that can be imagined. And the
ideas I've suggested here should serve as just a few of the unlimited sources of
monetary help available and waiting for you!Resource
Box--------------------------------------------------------------- Kevin
Purfield owns the Wealth System Online Resource Directory where you can find
everything you need to start,run and grow a home based internet business
at:http://www.wealthsystemonline.com/pluginprofits.htm
-------------------------------------------------------------Kevin Purfield owns
the Wealth System Online Resource Directory where you can find everything you
need to start,run and grow a home based internet business
at:http://www.wealthsystemonline.com/pluginprofits.htmHOW TO REORGANIZE YOUR
TIME TO ACCOMMODATE A HOME-BASED BUSINESSKevin PurfieldHOW TO REORGANIZE YOUR
TIME TO ACCOMMODATE A HOME-BASED BUSINESS Copyright Kevin PurfieldAlmost
everyone needs or wants more money coming in, and with this desire most would
like to start some sort of extra income-producing project. The trouble is, not
many of these people seem able to fit "a second job" into their time
schedules.It's true that most people are busy, but extra time for some sort of
home-based extra income-producing project can almost always be found. It may
mean giving up or changing a few of your favorite pastimes - such as having a
couple of beers with the guys or watching TV - but if you score big with your
extra income project, you will have all the time you want for doing whatever you
want to do.The first thing to do is to sit down with pencil and paper and list
your daily schedule. What time do you wake up? Then step-by-step, list
everything you do each day. Most people will find that they have about three
hours each day that can be utilized in a more constructive or efficient manner.
As we've noted above, you may have to give up the time you waste in your local
pub or a few television programs you watch, but it will be worth it in the long
run.Efficient time management boils down to planning what you're going to do,
and then doing it without backtracking. Start by making a list of the things you
want to do tomorrow, each evening before you go to bed. Schedule your trips to
the store or wherever to coincide with the other things you have to do, and with
your trips to or from work. Organize your trips to take care of as many things
as possible while you're out of the house. Take stock of the time you spend
standing around shooting the breeze - especially the time you spend on the
telephone - and eliminate all that isn't necessary.Whatever chores you have to
do at home, set aside a specific time to do them, and a specific amount of time
to devote to them. For instance, just one hour a day devoted to yard work would
probably make your property the envy of all your neighbors. Don't try to do a
week's work in one big flurry. Whether it's painting your house, fixing leaky
faucets, or mowing your lawn and trimming your shrubs, do a part of it, or one
particular job each day, and you'll be amazed at your progress.Take care of all
your mail the day you receive it. Don't let those bills and letters pile up on
you. If you're unable to pay a bill immediately, file it in a special place
that's visible, and note on the envelope the date you intend to pay it. Answer
your letters the same day you get them.The important thing is to think of time
as your most valuable asset, because it is. So organize! Decide what you have to
do, and what you want to do. From there, it's just a matter of arranging
priorities.Once you start listing and planning what you want to do, and then
carry out your plans, you'll find plenty of "extra time" for handling virtually
any kind of home-based income-producing project. People in general may not like
routines or schedules, but without some sort of plan as to what is supposed to
be done, the world would be mired in mass confusion.Laws, ordinances and
regulations are for the purpose of guiding people. We live according to an
accepted plan or way of life, and the better we can organize ourselves, the more
productive and happy we become.The secret of all financially successful people
is simply that they are organized and do not waste time. Think about it. Review
your own activities, and then see if you can't find a couple of extra hours in
each day for more constructive accomplishments.When you begin planning, and then
when you really become involved in an extra in come-producing endeavor, you
should work it exactly as you have organized your regular day-to-day activities
- on a time-efficient basis. Do what has to be done immediately. Don't try to
get done in an hour something that's realistically going to take a week. Plan
out on paper what you have to do - what you want to do - and when you are going
to do it. Then get right on each project without procrastination.Finally, and
above all else, when you're organizing your time and your business, be sure to
set aside some time for relaxation. Be sure to schedule time when you and your
spouse can be together. You must not involve yourself in anything to an extent
that you exclude other people - particularly your loved ones - from your
life.Taking stock of the time you waste each day, and from there, reorganizing
your activities is what it's all about. It's a matter of becoming more efficient
in the use of your time. It's really easy to do, and you will not only
accomplish a lot more, you will also find greater fulfillment in your
life.Resource Box---------------------------------------------------------------
Kevin Purfield owns the Wealth System Online Resource Directory where you can
find everything you need to start,run and grow a home based internet business
at:http://www.wealthsystemonline.com/pluginprofits.htm
-------------------------------------------------------------Kevin Purfield owns
the Wealth System Online Resource Directory where you can find everything you
need to start,run and grow a home based internet business
at:http://www.wealthsystemonline.com/pluginprofits.htm'Set' Your Products to
SellChris Malta"'Set' your Products to Sell"If you spend any length of time
selling products on the Internet, youre going to find out that its very hard to
sell very low priced products.What? Why is that? Youd think that people would
LOVE to pay Very Low Prices for products!Well, thats true, when theyre getting
value for their money. But there is one thing that will make your customer back
up so fast, theyll have to make a beeping noise, like a big truck in
reverse:Shipping charges.Ah, yes. Shipping Charges. The bane of the Internet
Retailer. Ground shipping, air, motor freight. Residential delivery surcharge.
Shipping insurance charge. Signature release charge. They get you coming and
going. (Literally!). We sell brand name products on the Internet using the Drop
Shipping method. We have genuine wholesale distributors who will fill our
single-item orders by wending the products we sell DIRECTLY to our customers
from the warehouse, with our business name on the package. Very low cost and
effective. BUTthey still have to charge us shipping, which means we still have
to charge our CUSTOMERS shipping. Normally, thats just fine. Internet customers
understand shipping charges, and with most products, its not even an issue.
However, what happens when you have a site that sells an accessory type product
that goes along with your general product line, but only costs about $5 retail?
A customer comes along and wants to buy that inexpensive accessory, but during
the process of completing the order, they realize they are going to have to pay
about $7 in shipping. Ouch! $12 for a $5 accessory? Dont think so. So what do
you do? Are you going to deprive your customers of the accessories that go along
with your general product line, and possible lose that customers attention for
good? Not your first choice, is it? Theres a way around this problem for many
types of products. Suppose your site sells those cool Velcro-type dart boards
that parents love to give their kids, because Velcro tips wont put holes in the
walls, or in the other kids either, for that matter. The dart boards come with a
supply of plastic darts. However, were talking about KIDS here. Plastic darts
break. They disappear. They go running off down the road taped to the tail of
the neighbors cat. Someday, little Johnny is going to want to play darts with a
Dart Set that has no darts. There will be crying involved; I have three kids and
a grandson, and I know that sound. Some parents will think ahead and buy some
extra darts from you when they order the Set in the first place. Most will not.
Ok, someone comes back to your site and wants to order another set of three
plastic Velcro darts. You sell them for $5. The shipping cost is $7. $12 for
three plastic Velcro-tipped darts? Guess whatJohnnys Mom or Dad is going to
decide to spend some time convincing Johnny that the Dart Set was never any fun
anyway. It wont be easy, and Mom or Dad will probably blame YOU for that,
whether they should or not. :o) So what can you do about that? Its very simple.
You can "group" those little accessory packages of darts, and sell them as
"sets". For example, group FOUR of those $5 packages of darts together as a
single product on your site, and call it a Complete 4-player Dart Set (each
player uses three darts while playing, so 4 sets covers 4 players.) That way,
you have something you can charge $20 for (or a little less, since youre moving
them in bulk), and the $7 shipping charge suddenly doesnt seem like so much to
little Johnnys Mom or Dad. Think about how happy THEYLL be with the idea
tooEXTRA sets of darts for the NEXT time Johnnys darts skip off into the
Twilight Zone of Lost Toys! Stretching it a bit? Sure I am! Its a story, for the
sake of illustration, but theres a solid truth at the core: When you sell
products that require accessories from time to time, you should also be able to
supply the accessories in a manner that will be comfortable for the customer.
Think about this too: the products dont HAVE to be accessories. This works for
ANY individual products that just happen to be very low priced to begin with. Be
creative! Grouping products into Sets cant be done with every product, but you
should be able to think of a way to do it for most! Chris MaltaWorldWide Brands,
Inc.For more information, visit http://www.YouCanDropship.comChris Malta is a
Microsoft Certified Systems Engineer. He has worked with computer Systems for 18
years. He's been involved in eCommerce systems, networking and site design for
more than 6 years. He's taught college-level computer courses in Western NY. He
developed The Drop Ship Source Directory, and he and his partners at Worldwide
Brands, Inc., publish the Directory and run eCommerce sites of their own using
Drop Shipping as their only business method.Beware of Web Sites Bearing 'Free
Gifts'Chris Malta"Beware of Web Sites Bearing 'Free Gifts'"If they're offered
after the sale, they're NOT free!One of my best friends, someone that Ive known
since I was a teenager (which seems like a long time ago!), had a great
collection of T-Shirts with some of the funniest slogans on them that Ive ever
seen. One of my favorites was his T-Shirt that read: If You Cant Dazzle em with
Brilliance, Baffle em with Bull**** (You can probably fill in the blanks quite
easily!) There are a tremendous number of web sites selling Information on the
Internet who are doing just that. Completely lacking in anything even remotely
resembling brilliance, they are spending a great deal of effort, and seriously
taxing their few active brain cells, in order to Baffle you into buying
sub-standard Information Products. We are in the business of providing
information on genuine Drop Shippers. We publish a Directory of brand name
product distributors who are willing to Drop Ship those products directly to
your customer from the warehouse, one at a time, at wholesale. Its an excellent
way to do business without spending a ton of money on stocking an inventory.
Weve worked very hard for years to provide absolutely honest and complete
information. However, there are other information providers in this business who
are either too lazy to do the time-consuming research this business requires, or
are just outright scam artists looking to cheat you out of your money. They have
a wide range of methods they use to Baffle you into buying from them, but one of
the most obvious is Free Gifts.Now, we have to be careful here, because there
are two kinds of Free Gifts. 1.) Free Gifts given to you before the sale are
usually a good thing. We do that ourselves; we offer a very comprehensive Free
EBook that gives you a tremendous amount of FREE information on starting your
Internet Business. We give you that for free, no questions asked, no personal
information required, and you never have to buy anything from us. THAT kind of
Free Gift is OK, because it really is Free! 2.) Free Gifts that are promised
after the sale are the thing to watch out for. They are designed to make the
offer look so attractive to you that you simply cannot turn it down. They are,
in fact, given to you because the main informational product itself is so lousy
that its creators feel that they have to suck you in with after-the-sale
freebies, or theyll never sell anything to you at all. However, in order to get
all these Free Gifts, you have to buy something first. Heres how these scam
artists work: They pitch their junk Informational Product to you with all kinds
of wonderful promises, telling you that youre going to make incredible amounts
of money very quickly. That in itself is not true! NOBODY makes incredible
amounts of money quickly on the Internet. In the real world, it takes time,
patience, and work! THEN they tell you that if you order their information, they
will include $750 Worth of Bonus Free Gifts! with your order, or some such
ridiculous statement. They tell you that you will get Marketing Information,
Email Generation Software, Important Articles and Reports, Expensive EBooks,
Bonus Wholesale Guides, etc., etc., for FREE, after you buy their product.
Freebies that you only get AFTER the sale are there for two reasons: They make
you think you're getting much more that you are paying for, when in truth you
are not; you can pick up that stuff for free without buying anything. All that
Free Stuff is just that; its FREE, its garbage, and you can find it all over the
Internet for nothing, without having to pay a cent for anybodys products. The
scam artists certainly do not pay for it; why should you? They are a
distraction. The scam artists are counting on the very good probability that you
will spend so much time with, and get so caught up in all that extra free stuff
that you will forget that the original product you paid for is junk, and you'll
never bother to ask for a refund! So Beware of Informational Web Sites offering
Free Gifts after the sale, folks. There is a reason for it, and its not a good
one! Maybe they should also offer a T-Shirt with those giftsI know a guy who can
suggest a good one Chris MaltaWorldWide Brands, Inc.For more info visit,
www.YouCanDropship.com
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