Monday, April 23, 2007

Make Money While Waiting For Lotto

Let's talk further about making money while you're waiting for your lotto wins. I last talked about it here.

Want a check, like this one to me, for thousands of dollars every 2 weeks... arriving regular as clockwork in your mailbox?

Then I would recommend, very seriously, that you don't go into the following:

  1. A business that requires physical stock of any kind.
  2. A business that you need to run full-time.
  3. A business that employs people.
Now, I'm not talking about large franchised businesses like McDonald's or a lawn mowing service... we're just talking about a business that will supplement your present income, or perhaps overtake it at some stage.

In my years in business, it was rare to see any kind of small business that made money. Most existed on debt - bank and family loans, overdrafts etc.

When I owned a couple of newspapers many years ago, only 10% of my advertisers were able to pay the bills promptly on the 20th of each month. Without exception, the rest of them ran over time. I even had to employ a separate person to collect debts. I would not wish my experience on anyone... yet it is typical of practically 90% of all small businesses around the world.

Fortunately, with the internet, you can start a business without any capital or risk at all. If you can sell, then someone will ship a product for you, collect the money, and pay you out fairly promptly.
The best kind of business is selling digital goods... e-books and software. There are no duplication costs, and apart from some low overhead from web hosting, all the money left over at the end of the month is yours.
So the ideal product is one that someone has already developed, is popular, is digital, has a low refund rate and you can run it in your spare time.

While there are literally thousands products that meet this criteria, I'm going to have to promote my own - because it has all the ticks in those boxes. And better than that, I have a selling system will set up ready for you... is very little to do except promote it, and I even help you do that.

So before you look at any of the tempting offerings that you'll see around you everywhere, make sure what you're doing covers these points:
  • - the product has a low refund rate. Ask for proof.
  • - the product has a wide audience. The larger the better, because this is the only way for growth.
  • - the product has some longevity. Generally it's good to see a product that's been in the market for five years or more. Sales continuity is a good indication of a stable company.
  • - the product is not a one-off. If there are other products associated with it, you will also profit from the sale of those.
  • - the product cost you nothing. This is important... many multilevel marketing organizations require you to buy their product to onsell. Six months of not being able to use your garage because it's packed with unsold stock will soon convince you of the perils of prepaying stock.
  • - make sure the entry barrier is not too low. For example, if anyone can sell a product the selling process will not be that effective because anyone can do it - and they often do using spam and other low grade selling processes. This gives the product a bad reputation, which passes on to you - making it more difficult to sell.
My Lotto Affiliate Selling System has all the ticks above. Take a look at its web page and see for yourself: www.lotto-secret.com/

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