Thursday, September 26, 2013

Low Cost High Revenue Businesses You Can Start From Home While Working In Your Jammies

http://www.theresidualincomeformula.com
Low Cost High Revenue Businesses You Can Start From Home While Working In Your Jammies
There are two type of people on the planet. Those who see the glass half empty and those who see it half full. This experience was increased for me when I had lunch with an old colleague from work and he began to complain about how only rich people might start a business. I thought he was joking.

As I sat and listened he ranted for virtually ten minutes providing all the reasons he might not start his own business and get out of the rat race. He talked about the high cost of start ups,.
franchising and real estate development. When he finally turned up for air I decided to ask just ask him one question. Mark, "Have you every asked yourself what kind of low cost businesses with high revenue margins are out there?".

He looked like he had been run over by a truck. I went on to say, "You are just asking the wrong question." He sat for a minute and said, "Ok, if you're so wise provide me some ideas." I said, "Great. Oh and by the way let's make it fun and focus on the ones you can work from home in your pajamas.".

Below are the 5 low cost high revenue businesses I shared with Mark.

1. Internet Marketing: Do you have a computer system in your home? If so you could be sitting on a gold mine. People utilize the internet to do all types of things. From a multimillion dollar wire jewelry making venture to a young kid from Long Beach California who produced his empire teaching people the best ways to play music by ear. Daily people are getting on the internet and pursuing their own dot com fortune.

2. Tele-seminars: If you not an extremely technical person one of the.
best methods is tele-seminars. With just a telephone and a.
conference call line for your guest to hire on you can offer.
a class or seminar. You can either use it as a lead generator or you can sell your service or product from the seminar itself. An extra product can come from recording the class. When you record the class it can become an immediate product you can produce passive income from.

3. Joint Ventures: If you like the idea of not needing a product or money of your own than the idea of joint venturing could be for you. This business is just the art of the deal. You are paid in direct proportion to your capability to combine two parties who would not otherwise know each other outside of your introduction.

For example if you incorporate company A's products, knowledge,.
resources and partner it with company B's client list you get to share in the revenues. And it would not cost you one cent.

4. Affiliate Marketing: What if someone else did most of the work but you got to share in the revenue pie? Well, that is.
what affiliate marketing is all about. There are countless.
products ranging from digital down tons, books, seminars not to.
discuss difficult products like computer systems, mobile phone and other.
techie stuff. Your job is to find the products that your market is interested in and when you sell something you get a percentage of the sale. You can do this without having any inventory or the overhead of a standard business.

5. Information Products: This is one of the most highly rewarding low cost businesses you can enter. If you have specialized knowledge or can do you can investigate and reporton it you can produce products that are highly lucrative. For example, one of the fastest methods to success is to speak with professionals in a high demand niche market.

When you have spoken with these professionals you can take the info and produce a number of different products from the one job interview. Some of the things you can do is sell the recording itself, sell the transcript of the call, utilize some of the content produce an e-book or report or take several of the job interviews and put them together for a professional tape series.

6. Network Marketing/MLM: I have always been a fan of network.
advertising since the business model is as much about self.
development as it is developing a business. The premise is you find a company that you are passionate about the product, has a proven system and strong team leadership. Most of these companies are low cost of entry. And you develop your empire leveraging the efforts of numerous.

Some people incorrectly believe you are going to get rich off the back of someone else. Not true. The very core of network marketing is built on the truth that you make money in direct proportion of your capability to recruit, train, motivate, support and lead a voluntary group of people. For those who can do this the benefits are terrific.

7. EBay: A while ago I was introduced to the EBay trend by someone.
who in the beginning had no money so he decided to sell a tape set a buddy had produced. This product was a compilation of job interviews with successful entrepreneurs. Their first sale was $37.00 and they went on to develop multi-million dollar empire. EBay is one of the quickest methods to get to a revenue. You can take things that you have in your garage today and sell them on EBay tomorrow. Keep in mind one mans junk is another mans treasure (I know cliche').

At the end of the lunch something fascinating occurred. My friend Mark was starting to see the glass half full. How about you? Are you searching for a business you can start without breaking the bank? The above five businesses are just a few ideas to jump start your thought process. Nevertheless, make no mistake you can start a low cost high revenue business and enjoy it while lounging in your pajamas.

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