MYTH – It takes money to make money

In my life, I have heard this tired cliché It takes money to make money more times than I can count and it is sooo not true. I believe that this is one of the many things that inhibits people from going after their dreams simply because they do not have start up capital.

I fully believe that you can make money with the resources that you already have available to you, typically from expenses that you already make day to day. For example, have an internet connection or a library card? Well, there you go – already you have nearly an unlimited source of knowledge and information available to you. A Cliche I do like – Knowledge is Power. Indeed it is!

When I started my first successful business, I didn’t spend a dime. I made a few phone calls and I started marketing a skill that I already had. After a short bit of marketing, I had my first income from marketing this skill, from that income – I invested part of what I had earned into more material for building my business. But I did not spend money before I started earning it!

My point is simply this, if you have passion and you want it bad enough – you can start making money today – without money! The opportunities in this world are endless. The trick is to find something that you are inspired to do and DO IT!

I just read a great story in a book called Inspired Marketing. As a young man, this guy wanted to be around his favorite rock bands and he read an article in a magazine about how one guy was getting all these guitar pics from his favorite musicians. He was so inspired by this story that not only did he begin his own guitar pic collection, but his inspiration ended up spurring a 25 year career as a music manager. All of this started by asking for something for free!

I highly recommend this book to anyone who doesn’t enjoy the high pressure sales techniques that are so common out there. This book covers many principals that are elusive to those always trying to do things the ‘right way’ as opposed to following their inspiration or intuition. Many practical stories and examples in this book of interviews with successful inspired marketers mean that you are sure to glean some golden nugget that can help you understand what inspired marketing opportunities of yours that you’ve missed and why that is NOT a big deal.   Click here to purchase your copy.

Let me know your thoughts – Especially any times that you were able to bust the Myth of it taking money to make money!

 

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MSI’s What it takes to make a million

I logged into facebook this morning and saw an interesting post by a young entrepreneur I follow. Apparently, most millionaires have 7 sources of income. I am no stranger to the concept of multiple sources of income, but I certainly don’t have 7.

In fact, I’ve found it a little difficult to determine how to group my sources of income. I have two companies that specifically provide entertainment for parties and events, I thought about including them separately, but that just didn’t make sense. Instead, it makes more sense to categorize it like this;

  1. working as an entertainer
  2. making money from booking other entertainers & speakers
  3. working as a speaker
  4. working as a team builder, continuing education provider
  5. offering private consultations and energetic cleansing

This pretty much sums up my businesses that have been in operation for approximately 15 years. Is it fair to categorize my speaking and my entertaining as two separate forms of income? In fact, number’s 1,3, 4 & 5 all require my presence each time – even though they are different ways that I earn money.

I don’t think this is really 5 separate MSI’s. The new businesses that I am starting will still require my time in the beginning – but they won’t require my time all the way through. For example – I am starting this blog which will hopefully generate some cash, either from getting enough followers that I can run ads or from the products and programs I will review and promote. Once I have written a blog post, reviewed a product, or gained a following there should be some ‘mailbox money’ or ‘passive income’. Or put another way, money that can be earned without my direct involvement each time a $ is earned. So really – my list above should be like this;

  1. Working as an entertainer, speaking, team building or private consultations
  2. Making money from booking other entertainers, speakers, team builders and coaches
  3. NEW Blog promotions
  4. NEW Internet marketing campaigns
  5. NEW This book when it is finished
  6. NEW Creating my own development programs to sell

Now this looks like a list of 6 separate sources of income. I am tempted to put private consultations into a different category, but this is a great start! Now to just get numbers 3, 4, 5 & 6 going!

I want to keep going, to continue working on my MSI’s today, but technically it is a holiday weekend and I am going to be working all day tomorrow, literally 11:30am July 4th until to 2:30am July 5th. Plus – my office lease is up for renewal and I have been tasked with researching other locations.

Until Monday then – have a safe and happy Fourth of July Weekend!

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The Journey Begins

They say a journey of a thousand miles begins with a single step – if that is the case, what about a million miles? Can you equate miles to dollars? For those of who have spent any time on a treadmill I think the answer would be a resounding YES!

Thank you for tuning in – it is going to be a wild ride, as is any journey that is worth the making. 🙂 I am going to skip over a lot of the this is who I am and where I came from as I know that all of that will come out later.

I am going to be as transparent as possible throughout this journey for 2 main reasons. 1. I want others to be able to benefit from my experiences and 2. I believe that by doing that which you are afraid to do – you achieve greater, more fulfilling success.

It seems important to me – to let you know just a couple of things about me from the start of this blog. This isn’t really the beginning of the journey – it began years ago, but until I found myself married and pregnant with our first child (born last August) – my goals were only a “I’ll get to that at some point” kind of pipe dream. My study of the movie and book “The Secret” and teachers like Anthony Robbins, Eckhart Tolle & Joe Vitale, all began years ago.

My goal is also to maintain integrity in this blog, so it is important for me to tell you I will include links to what I consider to be great books and other resources that pay me a commission when you make a purchase, so please if you enjoy my blog even a little, buy through these links as it will not increase your cost & will help me to accelerate this journey and hopefully help you find a better quicker way to your dreams too!

My Facebook & Twitter will be updated too, with different content and I’m sure I’ll get an Instagram and Google+ going here pretty soon. If you would like to connect with me more directly there is always my personal facebook page.

 

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