Money Talk With Slater

Making Money Across the Board

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Is Opening a Franchise Worth the Money Invested?

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Hundreds of entrepreneurs take a leap of faith and invest in franchises as a way to get a part of the American dream. The temptation is possessing a proven brand concept and training and marketing support to increase the odds of start-up triumph. But for most, the main question each potential franchisee asks is: “How much money can I make?”

As part of a recent study, 50 franchisees reported on across the US offered annual gross sales figures, many going into the millions. But as part of the study, profit figures were reviewed for a big majority of star franchises. It was discovered that these franchises as a group average over 3 times the net income of the average U.S. franchisee.

For some, the benefit was beginning with a low-cost franchise and knocking the ball out of the park. Others were capable of generating a high return on investment, even at a bigger initial franchise investment. Remember, the franchisees on the list are stars, not just the average ones.

Sadly, numerous new franchise owners begin with improbable financial expectations and never accomplish the level of financial success they had dreamed of. It’s vital to know that depending on one financial figure gives a unrealistic picture of a franchise opportunity.

Keep the following tips in mind if you are a potential franchise business owner looking at opportunities.

Don’t be fooled by big, top-line numbers

As a business owner, your take home income will eventually come out of your business’s net profit or bottom line. While the gross sales/gross revenue of any company (“top line revenue”) may seem remarkable, it is crucial to know the profit margin of the business, the amount of money left over after all business expenses are paid out.

The result is your business bottom line most likely isn’t your bottom line.

How to Get Real Wealth

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Many folks think that the way to true wealth starts with a big money making opportunity. This is just partly true. While a great wealth building opportunity does manifest from time to time, they are few and far between. Many people who get true wealth are those that budget intelligently, work hard, and don’t live as if they were wealthy.

The way to true wealth starts with determination. When you decide to amass wealth, you will be wealthy, even if it doesn’t happen right away. Determination creates will power, hard work, and pinching pennies. However, determination isn’t enough.

The next step on the path to real wealth is having a plan. The possibility of finding that get-rich quick scheme that everyone talks about getting millions from is quite slim. You need to have a plan for a rewarding career path, business, or money-making opportunity. You also need to have a plan for investment. Planning is the best way to get the level of wealth you are seeking.

Real wealth is about budgeting and investing. Don’t spend all the money you earn. Save some until you have enough to invest. This is much easier than it sounds. When you have gotten to a lifestyle that is comfortable but not excessive, stop boosting your lifestyle. Instead, put the money away into a savings account or money market account until you got enough to invest and try to amass real wealth.

You could invest in low risk, high return investments like money market accounts, or you could invest in stocks. Moreover, you could invest in new and up-and-coming companies that seem quite promising. These are sometimes referred to as penny stocks and is one of the top ways to invest your money and accrue real wealth swiftly. Investing the money that you don’t spend is the finest and safest way to get true wealth.

How to Have a Money-Making Blog

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Do you run a blog or several blogs? If so, do you know that you can earn money with your blogs? If you are currently making money from your blog, did you know you can earn much more money than what you are earning now?

Several of you might know about Google’s AdSense money making program. If you run a blog and aren’t making use of this program, then you are throwing away easy money prospects. For folks who are questioning what AdSense is all about, they are ads Google put on your blog or websites.

You may even have tried it, but aren’t making any money while others are raking in 5 figure incomes every month. What’s up with that? It is because there are several things you need to do in addition to just placing adsense ads on your blog and wishing people will come to your blog and begin clicking away on your advertisements.

If you understand how to get folks to come to your site and click on Google’s ads, then you are on your way to making a passive income and if you have numerous blogs, then you will have several streams of passive income. The best point of all is that it is free. You don’t need money to start a blog and earn commissions from Google. This translates to zero (no) financial risk.

Now the issue is that most bloggers think that just inserting the advertisement, money will come flying in. Yes, it could be that simple. You can see some money coming in fast, but it’s just peanuts. If you want to get more money out of your blogs, there are more steps to take.

a) Get more traffic onto your blog. There are numerous ways to do this, like making your blog search engine friendly and ranking well on search engines.

b) If you want blog visitors to click your AdSense ads, it all depends on where you place your ads, what format and colors are your ads are.

If you can follow these tips, then you can sit and anticipate those high earnings to come in.

How to Earn Extra Income

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When the bills pile up, folks often look for ways of earning extra money. This can be tough if you already have a full-time job and a family. There isn’t any time to go out and work a part-time job to make ends meet, and this isn’t appealing by no means. Now that the internet is so widespread, there are numerous ways anyone can make extra money without having to leave their home.

When trying to make extra money, you have to be vigilant. There are many opportunities for making extra money, but there’s also a lot of people that are scammers. These folks you need to stay clear of. Many of these scams claim to provide large profits for almost no work. Many times folks will ask you for money in order to make money. You must read the fine print and use your common sense. As the saying goes, if it looks too good to be true, it is.

You do have choices for making extra money that are perfectly legal. Several folks have turned to selling sites, such as eBay. You can sell used or new items and earn nice money doing so. For this to work for you, you have to be dedicated about it, and you have to put in the work. If you want to go this way, do some researches before you start. There are many websites that offer advice that will assist you in being more successful selling on eBay.

If you are a writer, the web is a good place for earning extra income. You can find several websites and businesses that are seeking writers, but again, be on the lookout for scams. It may take you some time to break into content writing for online websites, but once you get systematic, you will find you can earn some decent “coins” if you set your mind to it.

Making Money with Your Hobby

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Do you have a hobby that you always wanted to chase? Well, like they say it’s never too late to start following your dreams. Today this can be a great online money making opportunity that lets you to make money doing what you love the most.

Hobbies that are profitable

Practically any hobby can be used as an online money-making opportunity. Nonetheless, the most common and profitable ones are the ones that have to with craft and art.

Customized Bikes: If you love remodeling ordinary bikes into extreme-customized works of art, you can use the online make money in style. You can have workshops and lessons which will school others and enhance the credibility of your brand as well. This will establish you as an expert in this field.

Knitting: Or if you love knitting or crochet, you can sell your goods online. Moreover, if you take customized orders, your business will be very well-off. You could display original designs that will aid in making this a more rewarding online money making prospect.

Stamp collection: If you are one of those folks who enjoys stamp collecting, you can showcase them online. Numerous stamp collectors using the internet to make money that amounts to millions. If you collect stamps, you could be one of these folks. You could invite other stamp collectors to buy and sell on your website. This way you can turn a much-loved hobby into an innovative internet money making business.

Shopping: Yes, ladies and gentlemen, shopping! If you’re a shopping addict, you can assist others by shopping for them. By offering personalized shopping for individuals, a lot of personal shoppers use the internet to make money in an innovative way. To do this, you need to find out the customer’s tastes, likes and dislikes, favorite colors, etc. This will help you to purchase items that they like.