No Product, No Website, No Problem

 

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Who says you need to create your own product and website to make money from the internet?

Now I’ve generated a killing from the internet since I first started online several years ago.  Sure, I found it difficult to make a decent living from the internet in the beginning.

However, by continually educating myself and trying different methods and processes, I soon learnt that it was easy to do well from the internet.

In fact, what I found was actually quite shocking at first.  However, as I persevered I found it was easier to make a very good living from the internet than working for a living.  I explain a bit more in this short video:

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As you can see in this video, I’m on the beach and the amazing thing was, that while I was on the beach, my websites were working for me and earning me a full time income without any input or effort from me.  My websites were earning for me while I was swimming; my websites were earning for me whilst I was shopping, whilst I was eating at my favourite restaurant, whilst I was sleeping etc etc.

You get the picture?

I would like you to sack your boss too!  If you’re on my email list, I will send you another video in a couple of weeks showing you how I earn my living from the internet without designing my own products or my own websites.

If you’re not on my email list, click on any one of the links on the right hand side of this article (my links section) and type in your name and email address.  I will then send you several free videos showing you how you too can earn $m’s from the internet every single year without having to create your own products or design your own websites.

Be sure to watch my next video.

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The Internet Factor

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Grow Your Property Business By Outsourcing

 

When I first started in property I would do everything myself. For example, I would source the property, prepare the property for letting, look for tenants, reference them, arrange viewings and do a lot of the property maintenance myself.

This was a real drag on my time and I found myself working harder and for longer hours than I would have preferred to. However, due to a lack of focus, the business wasn’t growing.

I later learnt that this was not the best way to run a successful business. By doing everything myself, I was actually hurting the business. I was focusing on menial jobs and not the most important job of all – that of growing the business.

I then began to outsource and the business benefited significantly as I was spending my time as a business owner and not as an employee.

Some of the things a property investor can outsource are:

 Property maintenance – anything including painting the walls, changing washers and the gardening can be outsourced.

The cheapest way to handle property maintenance is by finding a good ‘odd job’ man. This is basically someone who has skills to complete most of the general maintenance tasks around the house.

For specialist jobs such as roofing and electrics, you can outsource to professional tradesmen.

 Finding tenants – this can be outsourced to a letting agent.

By outsourcing the tenant finding you will save yourself a lot of time as you will no longer need to organise property viewings, interview tenants, apply for references etc

 Handling calls and general administration

If you are not able to afford a full time assistant, you can hire someone part time to handle any business enquiries.
An alternative to using a traditional assistant is to hire a virtual assistant. This is a great cheap alternative as you only pay for the virtual assistant’s time on your jobs, rather than a fixed income per week.

A virtual assistant can not only handle your phone calls, but can also be used for general secretarial tasks including answering your emails.

You can find a Virtual Assistant by for example, doing a Google search and choosing a firm that you can work with.

The only job I would recommend you don’t fully outsource is that of property sourcing.

Finding your investment property at the right price is the primary role of a property investor. If you were to outsource this, you could be in danger of losing your business.

However, you can still use property finders to source properties – but this would be to supplement your activities in this area, not to replace them.

Your business will only grow if you focus on it on a daily basis. Leave the subsidiary tasks to the specialists as your time is certainly worth more than the £10 an hour you would pay a painter and decorator.

You should aim to develop your property business into a fully automated system. This way, you can remove yourself from the business and the business would still continue to run without you, on autopilot.

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Your Goals Make You Who You Are!

 

If you want to get anywhere in life or business, it’s vital to have self belief, i.e. you need to sincerely believe that you will achieve your goals and aspirations.

Without belief in yourself, there’s a high possibility of failure. The following article speaks for itself:

“An old Amerindian legend tells of a brave who found an eagle’s egg one day and put it in a prairie chicken’s nest. The eaglet hatched at the same time as a nest full of prairie chickens saw the light of day, and grew up alongside them.

All his life the young eagle did exactly what prairie chickens do. He pecked for insects and grubs in the earth. He clucked and cackled exactly like a prairie chicken. And when he flew, it was always in a cloud of feathers and only for a few yards at most.

After all, that’s how prairie chickens fly. The years passed and the eagle grew old.

One day he saw a magnificent bird gliding high in the cloudless sky. Gracefully the huge bird rode the air currents, hardly moving his great golden wings.

"What a beautiful bird!", exclaimed our eagle to his prairie chicken friends. "What is it?"

"That’s an eagle, the king of birds," clucked his neighbour. "But you better forget about it. You’ll never be an eagle."

And so the eagle forgot all about the magnificent bird and died, thinking he was a prairie chicken.

Most people live life as a prairie chicken because they believe they are something less than they actually are, or could be.

They slave hard at work, for little money, in a job that they think is secure, only to retire old on a pittance of a pension. They look at successful businessmen and entrepreneurs who’ve made if for themselves, but are constantly told:

“You better forget about it. You’ll never be a millionaire!”

This is not the way to live your life. If you want to be an eagle, you need to start thinking and acting like one NOW.

With the above in mind, you need to sit down and set yourself some clear goals. When setting your goals:

*Decide exactly what it is that you want. For example, if you are an aspiring property investor, one of your goals could be:

“Buy a £100,000 property with no money down, before 1st August 2007”.

*Write your goals down. Merely thinking up a goal and leaving it in your head is never a surefire way to success. To guarantee certain success, you MUST write it down.

*Create a deadline for your goal

Having a deadline will help your goal become more realistic.

For example,

“Buy a £100,000 property with no money down” has no sense of urgency and hence has a high chance of failure.

*Create an action plan to achieving that goal.

For example,

1. research my local areas for properties up to £100,000
2. visit local estate agents to arrange viewings
3. develop my marketing plan to bring in possible deals
4. set up my finances
5. organise my legal team to handle the purchase
etc.

An action plan will greatly enhance your chances of success as it helps break a larger goal into easily digestible chunks.

Once you get into the habit of actively setting your goals and truly believing that you can achieve them, you will find to your amazement that you consistently meet your targets and reach the dizzy heights you previously thought you were incapable of.

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How To Successfully Buy Your First Investment Property

 

Once you have decided that you want to invest in property, you need to decide how to source your property at a good price. There are several methods that you can use to source property below market value. Three such methods are listed here.

The Internet

One of my favourite Property Mentor’s Dolf de Roos talks about the 100 – 1 rule (he calls it the 100:10:3:1 rule) in his book:

"Real Estate Riches" If you don’t have this book, I would highly recommend that you buy it. It’s one of my favourite ‘right-to-the-point’ books on real estate.

The 100-1 rule stipulates that if you were to look at 100 properties, you may end up buying one good deal! Property is very much a numbers game. The more you look at, the more chances you have of knowing exactly what it is you’re looking for, and henceforth finding your deal.

Not a day goes by when I’m not looking at property – if not physically, I will be analysing deals in the local property paper or on-line. I prefer on-line as I can literally analyze hundreds of deals in one sitting. If you’re not already familiar with the following websites, I would highly recommend you spend some time familiarizing with them:

If you are a beginner and are not sure of the type of property that would best meet your needs, it is definitely worth spending time doing research on the internet. You can also search for properties to let. This will allow you to understand rental values and help you to decide how much funding you will need in you purchase, as buy to let financing tends to be based on rental valuations.

Estate Agent

Regardless of what people say, I find estate agents to be a valuable resource when it comes to buying property. I have bought several below market value properties through estate agents.

By being persistent, and proving to an estate agent that you are a serious investor, you will have them ringing your phone of the hook with potential deals. However as with anything, you need to be careful that you are not receiving ‘dogs’ – and that the deals are indeed deals. Once you understand your market, this should be simple.

Get to know your local estate agents and get them to know you. Be persistent in your approach. Go around in person and speak to them. Use them to give you their opinions on any particular area. If you are serious about investing in property, you need to maintain regular contact with at least three good estate agents in your preferred area. Over time, as I have found, these agents will be worth their weight in gold!

Do Your Own Marketing. This is my preferred method of acquiring property. You could start off by advertising in your local newspaper.

Typical adverts might read:

"Properties wanted. Cash buyer waiting, any area considered"

"Repossessions stopped. Don’t wait for your house to be repossessed.
Ring now for an instant decision" TEST your adverts. What works in one location may not work in another area for any number of reasons ranging from social demographics to the type of newspaper you’re advertising in.

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