How To Become An Entrepreneur While Living in the Philippnes Part 2

How To Earn A Full Time Salary With High Ticket Products

 Here’s part two of this series on making money on the internet by Richard Essi a seasoned Entrepreneur.

Are you looking to make a six figure income from home? You probably have heard stories of people making $25-75,000 + a month  just by sitting at home. Some believe these stories while others discard them as rumors. While there are many “pie in the sky” businesses,  the truth however is that, this is possible. As a matter of fact, this is a reality for hundreds of thousands of home based entrepreneurs.

Like the saying goes, there are three kinds of people on this earth:

  • There are those who look at people who accomplish extraordinary things while they continue to watch in total disbelief and indifference like a cow chewing on grass
  • Then there are those who are continually analyzing the situation the situation to the point of having paralysis of analysis. They spend their time asking themselves, is this true? Will it work for me? What is going on? What just happened.
  • Finally, there is a group that just does what needs to be done. They know there will always be questions, and that they are not going to understand everything at once, but they see the potential and they move fast and take action. These are the people who tend to usually fail miserably. Yet, they are the same people who have conquered their fear of failing and are are the multiple six-figure earners you see and hear about. Yes, they do exist

In this article, we are going to tell you how to make a six figure income from home. Just keep reading, and you will definitely know more by the time you are done.

WHAT IS YOUR PLAN?

We have all heard it before, but it is as true as can be:

” Those who fail to plan, plan to fail”

To start a business from home, the first thing that you need to is have a plan. Making $25-75K is not a matter of joke. Don’t fall for those gimmicks that tell you that all you have to do is buy their $69 product and you will on your way to making a six-figure income by the end of the year.

Unless you have millions to invest and you want to simply make a six-figure income from the interest, you are going to need to work.

Yes, there is a lot of hard work involved. This is why it is important to have a foolproof business plan. This plan will have a list of the goals and business objectives and how you intend to achieve them. It will also contain a list of how you intend to cover up your risks.

You business plan does not need to be complicated. It basically has to have 4 main points:

  1. What is the objective of the online business you are starting? Who is your clientele? How are you going to reach them?
  1. What are the tools you are going to need to run your online business? In other words, are you going to need a computer a telephone line, or a fax? These are indispensable tools.
  1. What are your expenses? How much money are you going to need to spend before realistically making any kind of profit? This is vital as if you don’t know this, you will dig yourself into an expense hole you will be incapable of crawling out of. So, where is your initial investment going to come from? You are going to need to be very creative to come up with the funds. Where there is will there is ALWAYS a way!
  1. Are you mentally and emotionally ready to embark on a journey that offers no guarantees?

There is no such thing as guaranteed profits! Yes, your chances of success could be extremely high – even up to 90%, but there is never a 100% guarantee that you will make money in any online business. You need to have a mindset that is ready for the long haul

If making six figures is a  dream you want to come true then having a business plan is a must. Even if you have a great product or service, no one will buy it if you do not have a proper marketing plan. How will they know where to find you?

You cannot sell ice to Eskimos or water in a desert where there is nobody. Thus you need two things for a successful business:

A marketing plan and customers. You can’t have one without the other. The business plan will help you see things clearer, and allow you to know exactly how to execute this plan right from day 1.

The other important aspect that you have to take care of in your master plan is where to find your market. This is where most aspiring entrepreneurs fail miserably. Now if you want a six figure income from home, then you have to know where to find your market. Where do they hang out? What are their buying habits, what is their greatest frustration etc.

The beauty about the Internet is that you can research your market thoroughly. There are amazing tools out there that will help you laser target your customers. This way you won’t have whiners and tire kickers checking out your online business or service, you will instead have serious people who are looking to do business with you. Plus, with the Internet, if you use these tools correctly you will have the entire Internet world as your potential market.

What kind of product/service are you looking to sell? If you are looking to sell $10-50 products to make your six figures monthly or yearly, then you might want to really think long and hard on this. For example if you needed to make $25,000/month, you would need to make 500 sales per month of this product or service to have that kind of an income so over a year you would need to sell 6000 units/packages/subscriptions per year to make $300k/year.

In fact, you can even make this better…

What if you had a product or service that allowed you to profit $1000/sale?

How many sales would it take you to attain the same $300k?

So, which is better? Selling 6000 units/packages/subscriptions per year or selling 300 units/packages/subscribers per year?

I am sure you get my point. So how long would it take you to earn this kind of money with what you are currently doing?

Earning a six-figure income from home has nothing to do with your competencies – this is not a corporate job. Your ability to earn this kind of money while working from home depends on 3 main things:

1. Your self-motivation

2. Your teachability

3. Your dependability

If you can identify with all three aspects, then congratulations, you have what it takes to make a SIX FIGURE INCOME right from the comfort of your home! It’s true!

Contact Charles Harman if interested in a worthwhile home business: Charles_Harman@rocketmail.com

 

To your ethical success,

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