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This Weeds out the Winners from Losers

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Sometimes I get asked the question, “Does luck have anything to do with getting rich?” Well sure it does…if you plan to make your money by winning the lottery or becoming a movie star. Then yes, luck has everything to do with it. In general though, for the rest of us, luck is for suckers. [...]

Everything you’ve been taught about money is exactly what’s keeping you poor.

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You can see the Great Wall of China from space! We’ve all heard this before, right? Don’t swallow your gum! It stays in your body for years. Well that’s true…isn’t it? Your hair and nails continue growing even after you die! You were grossed out by this notion, but you still believed it didn’t you? [...]

Are Bad Times Really a Blessing?

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This week I’m going to talk about something different… something that will allow you to look at the negative in a completely different light. Hey, it wasn’t me who burned the economy by allowing banks to leverage their assets by 30:1, I’m just the spectator trying to make my way through the aftermath. Politicians and [...]

I Made A Million Dollars Last Year, Working Just A Few Hours A Week Using A Protocol I Didn’t Invent!

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It was always my dream to retire early. I just never thought I’d be able to retire this early, while I’m still in my 30′s. Retiring early is a common dream among Americans. It rates highly on nearly every poll that targets mid-life and senior Americans. Who wouldn’t want to stop commuting to an office [...]

Foolish Advice from a Very Smart Man

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Recently I read a Facebook post from a friend and colleague who I respect.  He’s a marketing wizard who owns a very successful business.  So he certainly is no dummy, and he’s personally had a ton of financial success. Over the years I’ve received some great business advice from him that’s made me quite a [...]

The Death of the Gate Keeper

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We are gathered here today to mourn the death of the man who kept us down, and prevented us from living our dreams.  He was a stuffy old man in a suit who for years blocked our access to several industries. Now he’s dead. It wasn’t too long ago when there were gate keepers everywhere.  [...]

Expanding Your Small Business…Good Idea or Bad Idea

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A few months ago I was hanging out with some of my friends having a couple of beers and shooting the breeze.  I’m not quite sure how this happened, it certainly wasn’t intentional, but I have a lot of friends who are small business owners. So like usual our conversation turned to business, with each [...]

The 80/20 Rule

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Most of us have heard of the 80/20 Rule. In life the rule means that 20 percent of your activities result in 80 percent of your happiness. At work the rule says that only 20 percent of employees produce 80 percent of a company’s earnings.   Economists will tell you that the top 20 percent of [...]

Should You Start or Should You Buy a Business

Monitor money machine

I consider myself an entrepreneur. In the course of my business career I have started three independent internet marketing businesses. I don’t have any plans to start anymore at the moment, but if the right opportunity arises I will. The question at that time will be do I buy an existing business or do I [...]

Defining Success

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When I was getting my first online business up and running I was very giddy. I was excited and talked about how successful I was going to be incessantly. One night at dinner when I was in the middle of another gleeful rant about the new business my wife asked me a question that stopped [...]

How to Write a Successful Advertisement

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Yesterday I was driving down the freeway to my doctor’s office and I noticed the insane amount of billboards littering my drive. The further I drove I got a little bored so I turned on the radio and wouldn’t you know it, an ad for some local store was the first thing I heard. When [...]

Building Your Business When You’re on a Budget

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Most “How to Start an Internet Business” guru’s will tell you that it takes time to build a business. That you shouldn’t expect to make any profit from your business for the first year or two. That sucks. Who wants to slave away at their day job and then come how tired and drained and [...]

Using Twitter to Turn a Profit

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With a network of millions of users, Twitter has become a uniquely effective and fast communications tool. Several terms from Twitter have even entered pop culture – you might hear Jay Leno or Oprah talk about “tweets” and “hashtagging” on their talk shows. And more than one celebrity has landed themselves in trouble thanks to [...]

Making Money as a Social Media Expert

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Twitter, Facebook, YouTube, LinkedIn…some of the most popular websites on the Internet, websites that gobble up so much bandwidth and traffic, the mind boggles (at least mine does). And while these sites are great for getting in touch with old friends or watching funny videos, there is one use that not many people know about: [...]

Your Place in the Hierarchy

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I just witnessed someone in an SUV slam into the back of a stationery big, bright yellow school bus in a 25 mph speed limit in a school zone. “Hey, who put that school bus there?!” I’m now thinking about suing the driver of that SUV for the psychological trauma that witnessing the crash exposed [...]

How to Find Your Personal Money Tree

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Money doesn’t grow on trees is the saying. But I seem to have one at my house. Sound impossible? Let me explain. See a number of years ago I quit my cushy nine to five job in favor of starting my own business. I can’t believe I ever had the balls to do exactly that, [...]

How to Make $10,000 Selling a Simple Product Online with Google and China’s Help!

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7:01 AM Dear Entrepreneur: Bob Maydonik makes $10,000 to $20,000 every month importing a simple product from China and selling it online.  He also secured a unique partnership with Google to design his AdWords campaign for him.  I talked to Bob on Monday about his little venture. On top of that, Google provided advertising seed [...]

Products That Sell

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Starting your own business comes with a unique set of challenges. When I started my first internet based business I had the challenge of creating products. I had the motivation, resources, capital, and inspiration to start my own business, but not the products. Without anything to sell there is no business or money coming in. [...]

Outsourcing-It Makes Everything Easier and the Impossible, Possible

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Outsourcing was once something only the big boys did. Corporations like Microsoft, Apple, and Bank of America have all outsourced some part of their business. In today’s world through advances in technology and the globalization of our work force outsourcing is something even the little guys like you and me can take advantage of. For [...]

“What’s Wrong with This Country?”

Businessman Begging for Change

I received a ‘great’ question from a reader, and I’d like to base this week’s newsletter around it because, sadly, I hear it a lot, or some version of it. The question goes something like this: “I live month to month, and with no credit, so I have no spare money to make money with. [...]

What’s Preventing You from Achieving Your Dream?

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Before I left my cushy 9-5 corporate job to start my first online business I considered many things. •    Would I be successful? •    How would I fund it? •    What if I failed? •    Would anybody want the things I would sell? I thought about all these objections and more for a long time. [...]

Building Your Business When You’re on a Budget

Monitor money machine

Most “How to Start an Internet Business” guru’s will tell you that it takes time to build a business. That you shouldn’t expect to make any profit from your business for the first year or two. That sucks. Who wants to slave away at their day job and then come how tired and drained and [...]

A Contrarian Take On Setting Goals

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I read an article recently about a business owner who said setting goals and benchmarks for his business was doing more harm than good to his business. Naturally this idea intrigued me. I was of the school of thought that setting goals and planning a strategy of action to complete those goals was considered a [...]

It Doesn’t Always Pay To Be the First

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When Christopher Columbus landed in America he declared himself the first to ever set foot in this new land. The truth is the first people to discover America came here hundreds if not thousands of years before him. If you do a search on Google you’ll find articles stating everyone from the Vikings to the [...]

How to Write a Great Headline and Lead

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“If you build it they will come.” Most of us remember that line from the movie Field of Dreams starring Kevin Costner. But many entrepreneurs who start web-based businesses mistakenly believe it themselves. They figure all they have to do to make money is create a website and get traffic. The grand vision most entrepreneurs [...]

 

 

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