Advice to increase your skills and earn more money
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Creating and maintaining wealth goes hand-in-hand with education and knowledge. The amount of money you earn is a direct reflection of how much you learn.
Fortunately, there are more ways to learn now than ever before—and much of the content is free.
From newsletters and substantive videos, to seminars, books, DVD’s, and podcasts, you could spend a lifetime trying to consume all of the available information without coming close to doing so.
The successful understand that you must continually be a student. No matter the degree of success achieved, true masters never stop learning.
From private coaching to mastermind groups, the world’s best subscribe to the notion that there is always someone to learn from.
1- Think about those you know.
Everyone is an expert at something. to heed their knowledge ultimately spells the difference between success is coming.
Before you know it, you’ll lose grasp on the position of prominence you once held. It may not happen in a year or even a decade but, eventually, it will.
Study people who are successful and seek to replicate their strategies. A key component is to continually sharpen the blade.
Stand close enough to an expert and, eventually, you’ll get cut—a cut of the profits that is.
2- The Riches Are In The Niches
Sean Rich is the president and CEO of Tortuga Trading in Carlsbad, California. The company specializes in antique arms and armament from all over the world, concentrating on the 16th through the 19th centuries.
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Sean’s love for the past began at age 10 when he acquired his first antique weapon. Over the years he’s participated in numerous archaeological digs; was designated as New Jersey’s state representative
3- for Gulf Coast Rare Coins and
Investments where he specialized in treasure recovered from the Spanish Galleon Atocha and 1715 Plate Fleet; and underwent a master five-year apprenticeship for antique gun restoration while attending
His expertise led to a three-year stint as a weapons consultant for Second Mate Productions, which helped develop the second and third Pirates of the Caribbean movies.
In 2009, Sean began working as an antique arms and armament specialist for Leftfield Productions, the producers of The History Channel’s Pawn armament from the 16th through 19th centuries show up at the pawnshop,
4- Sean is the guy the owners call
before making their purchase decision. By becoming an expert in a specific field, Sean has created his own market, is able to charge a premium for it, and has the world knocking
down his door to pay for what comes most naturally to him…that is, his WHAT, the one thing he was born to do. Sean is a perfect example of Marc’s contention that the “riches are in the niches.”
5- Though often difficult to imagine,
no matter your area of expertise, there is someone who will pay you for it. If you don’t think this is true, check eBay.
Even a stale piece of bread can find a buyer. Do one thing, do it better than anyone else, and get paid extraordinarily well for your talent.
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But to achieve this level of game-changing impact, you’ll need to become intently cued in to what most appeals to your soul, then concentrate on the precise activities that drive you to make an inordinate difference.
By recognizing that a broad-stroke approach results in career suicide, you’ll begin to ask yourself the right questions and hone in on your niche.
6- Think about the most successful or happiest people you know
—the lawyer who only takes on fathers’ rights cases, the dentist who specializes in pediatric root canals, or the teacher who focuses on troubled teens.
They’ve all become experts in one specific arena, dedicated their lives to it, and are compensated at levels far superior to those of their counterparts. Getting to this point, however, is a journey.
7- Many doctors begin as general
practitioners before deciding on their specialty. The majority of successful entrepreneurs endured multiple business failures before creating ventures that make the most of their passion.
Thanks to Google and the power of the Internet, people can now easily find you and leverage your talents—whatever they may be.
8- And, while it may seem counter-intuitive,
the more targeted your niche is, the more you’ll be able to charge for your services.Consider Marc’s company CuffLinks.com. Here, people buy cuff links of all shapes an sizes.
From cuff links shaped like martini glasses to a pair that doubles as thumb drives, there is an incredible assortment
everyone wears cuff links, or needs a pair in the form of dollar signs, enough do to sustain a high-margin business.
And, when Marc reflects on his success and has pursued specific niche opportunities, dollar signs are, more often than not, what he sees.
9- Connect Buyers And Sellers
ways to connect buyers and sellers. Often, income generating opportunities are no more complex than emulating this model. Perhaps the most appealing aspect of this structure is that you do not need a significant understanding of the industry you serve, nor
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specific skills related to it, in order to create a cash-flow positive endeavor. You simply need to be an effective conduit.
For example, you don’t need to know anything about cars to profit from connecting buyers and sellers. Choose a niche (e.g., 1960’s Mustangs) and then create a simple site and post related products and services.
10- The easiest way to do this is to contact
Existing sellers (e.g., car dealers, parts manufacturers/distributors, etc.), negotiate a percentage of each sale consummated to be paid to you as a commission, and utilize their existing content.
Though set-up will take time and effort, your overhead is virtually non-existent. You own zero inventory and, if the site is properly optimized (SEO), you’ll begin to receive traffic and, hopefully, subsequent sales.
11- Is a master of the middleman model
And has taken this concept to new heights. Blinds.com is one of Marc’s most lucrative ventures. The company grosses over $80 million a year and is a formidable entity in the windo coverings market.
One would think the company must have a tremendous number of employees, huge inventory, and substantial overhead to generate almost nine figures per year.
This couldn’t be farther from the truth. Blinds.com carries no inventory, has relativelyfew employees, and its overhead is nominal. How can this be? Every single order received is drop-shipped directly from the manufacturer to the customer.
12- That’s right; Blinds.com doesn’t stock any of the merchandise sold.
It’s a true win-win-win model. Blinds.com handles the marketing, customers are able to select from a wide range of products, and the manufacturers receive additional business.
13- This is a fantastic example
of how to create a well-organized, well-presented middleman structure. they’d enjoy dealing directly with the manufacturers, and all sides benefit. In other words, Marc makes millions annually by providing
quality products while keeping customers in the dark about how their orders are being processed. The intent isn’t to blind customers to what’s going on so much as shield them from unnecessary light.
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Domains = Online Real Estate In 1995, Marc crafted the slogan “Domain names are Internet Real Estate™.” Sought-after domains routinely sell for over $1 million and prices continue to rise.
Marc believes a domain name is the equivalent of online land and can prove to be invaluable as it’s the location where a business is built and conducted.
Just as there’s a strong competitive advantage to owning real estate at the corner of Main and Main, you’re likely to do much better with Liquor.com than 312Liquor.com.
Of course, there are exceptions. Google.com, Yahoo.com, Amazon.com, and eBay.com are examples of domains that have enjoyed phenomenal success without the benefit of an industry- specific domain.