How To Create Wealth For Yourself In The 21st Century

WELCOME TO THE YEAR 2020

Let me share some good news with you. We are now living in a New Era with incredible opportunity for getting rich. The information age is bringing millions of us more freedom and wealth than ever imagined. Those who are doing well today realize that financial freedom in this New Era Means doing many things differently than in the past. E.g. Nairaland, Jumia, Jobberman, Naijaticket, Nairabet, etc to mention just few.

For you to capitalize on the new economy requires holding different assumption; using different tools, and playing by a different set of rules.

Unfortunately, too many of us are still trying to make a living with the assumptions, habits and tools of by gone era. And those are the same people who are working harder and getting poorer. Don’t let this happen to you.!!!

Here Are Seven Reasons Why You Should Give Online Businesses a Thought.

1. Do Not Put All Your Eggs In One Basket : Online business gives you the privilege to diversify your means of earning. It reduces your dependency on your job. People whose physical jobs are their only option tend to get emotional if something goes wrong. If there is delay in salary, they begin to worry. If there is mass retrenchment, they start developing high blood pressure.

2. Opportunity To Do What You Enjoy :The online world is a place full of opportunity. You can literally do online anything you can do in the real world and get massive appreciation and patronage from your audience. Is it writing or singing or comedy? Whatever you love to do already has an audience.

3. Freedom To Express Creativity : We all know that the corporate world can be frustrating when it comes to already laid out regulations. Sometimes, ‘what can be done differently’ is often sacrificed for ‘how it has always been done’. The rules can choke your creativity and prevent you from trying out new methods that can possibly produce better results.

4. To Shore Up Your Earnings : There is a law that says, “Expenses will always rise to meet income”. What this means is that, no matter how much you make, there will always be needs to gulp down the income. Let’s say you earn 100k a month. It is only a matter of time before that amount becomes insufficient to meet your needs. This is where online business can be of help because it will generate alternative income for you.

5.Expand Opportunities In The Real World : The internet provides its users with the opportunity to interact with one another and by so doing, make new friends and establish contacts. This is one of the most awesome advantage of the internet. You can get to meet amazing people of like minds from the comfort of your abode.

6. Keeps You Buoyant Despite Economic Recession : When a country suffers from economic crisis, there is the problem of rising inflation. Cost of goods and services continue to skyrocket and there is no corresponding increase in the monthly pay. Much worse, there may be a certain reduction in percentage of salaries because of the hardship. An online business can shield you to a reasonable extent from the throes of recession by giving you extra cash for your efforts.

7. Online Business Can Become The Anchor Of Your Income : Online business has the potentials to pay you more than you can earn at your job. If you develop your business to a level of uniqueness in standard, it will yield profit to you beyond your dreams. Automating the business can make it earn you money without your attention, and even for life.

So, Here Are The Top Factors I Always Advice Beginners To Check For Before Stepping Into Any Online Business.

1. Ability/Hobby Check : This is the first criteria. You need to pick a business option that you have flair for. While there are many of such businesses, selecting the one wherein you have the talent for will make it easy for you to carve a name for yourself irrespective of the competition. Everyone has an ability and hobby that can always be useful when monetized.

2. Profitability check : This factor does not need much explanation as anyone can understand it. You want to pick a type of business that has the ability to yield profit for you with a moderate investment of your efforts. As you know, the major motive of every business is profit making.

3. Crowdedness check : It is important to always check to see how popular such a business opportunity is. The more popular it is, the less likely it is that you will be able to make more profit, except you are extremely gifted at what you do. It is simple business sense.

4. Time check : Except you have plenty of time on your hands, the type of online business that would suit you must be one that is not time consuming. There are online businesses that require your availability almost all through the day.

5. Effort check : You have to ensure that the profit matches the efforts that you invest in the business. If you invest plenty of time only to have meager earnings, then you are simply under a form of slavery. If the business requires you to work more, then it should pay more. Don’t just hop into any business only to see that you do not get value for the time you put into it.

6. Automating Check : Can the business run without your attention for a couple of days? Businesses that always need your attention like a baby may not really be helpful for you, except if you’ve found a way around it. If your absence or failure to attend to it for one day can be very damaging to your business, it means you should RETHINK about it.

7. Longevity Check : This is not a major criterion, but if you can find a business that can fetch you money for a long time even with little effort from you, then you may just have found a gold star. What this means is that, there are a few businesses that can still generate cash for you even if you actively stop making contributions to it. Yes, there are such businesses.

8. Knowledge Check : This is the final check you need to make. Do you have enough information about it? Most businesses crash so fast because their owners felt the surface idea they had could make up for detailed information and mentoring. So, before you rush into anything, seek enough knowledge about it.

To wrap this up, you need to take time to consider the business you want to engage in instead of hopping into anything that comes your way. Remember, preparation plus action is what equals success. Napoleon Bonaparte puts it better, “Take time to deliberate, but when the time for action comes, stop thinking and go in.”

Above all, we can help you set up your own online business that guaranteed unlimited income.