Here’s How to Make More Money

how to earn more money

There are really only two ways to earn more money.

One, you can spend less. Two, you can make more.

Personally, I’m a fan of making more. I would rather earn more money and have more to spend than always be denying myself things I want.

Think About Earning Money Differently

In our lifetime many of us have been confronted head-on with having to figure out a way to spend less money. In school, you learn how to set and live off budgets.

You think about what you can cut out here or what you can cut back on there. You’re constantly focusing on what you have to “get rid of.”

But what if you thought about money differently? What if instead of focusing on how to cut back, you focused on how to make more?

There are many possibilities to do so.

The first step in making more money is to decide how much more you want to make. 

Develop an Idea that Generates More Money

Once you have decided how much more you want to make, ask yourself “What product, service, or additional value can I deliver to generate more money?”

What does your employer, your customers, or the world need that you could provide?

Once you’ve identified that, it’s time to develop and deliver that product, service, or extra value.

Here are some ideas to get you started:

5 Ideas to Earn More Money

1. Become an Intrapreneur

Today, many of America’s biggest and smartest companies are cultivating entrepreneurship amongst their employees and executives. Companies such as Google encourage their employees to spend up to 20% of their work week to pursue projects of their choice.

They are encouraged to “think outside the box” and come up with new ideas and innovations.  

Intrapreneurs are the ones who created the Post-It note for 3M, the Java programming language for Sun Microsystems, and even Yahoo’s Search offering.

Does your company have customers it isn’t selling additional goods to? Maybe there’s a piece of machinery, a vendor relationship, or an overlooked marketing idea that your employer isn’t taking full advantage of.

Can you create a plan to turn this asset into cash? Approach your employer with a proposal to work on an asset-maximizing project off-hours for extra pay.

This could even garner you a well-deserved promotion.

2. Identify a Need and Find the Solution

Many of the most successful people throughout history have identified a need in the marketplace and provided a solution for it.

If you want to earn more money, identify a need that isn’t being met and determine how to meet it.

Have you seen ABC’s hit show The Shark Tank?

A panel of five investors listens to pitches for some of the best business and product ideas from some of America’s brightest entrepreneurs. The ideas come from stay-at-home moms and dads to students, to people who want to be their own boss. They present innovative ideas covering children’s products, music, sports, cars, and even the nightclub scene.

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Though some of the ideas are kooky (hey, it is television, after all!) there are also a handful of brilliant ideas coming from people who have found a need and filled it.

On a recent episode, two ambitious college students created a successful “coffee of the month” business. They realized there was a market for people looking to sample coffee from around the world.  In turn, they capitalized on that using a subscription-based model. They found a need and filled it.

They received the capital to start their company with a successful Kickstarter Campaign and have now solidified themselves as coffee connoisseurs with a taste for unique blends found all around the world. Their company is a “wine of the month” club for coffee lovers.  

There are always needs you can find to create a business or service around you.

Many of these former “met needs” are inventions and services we now take for granted.

The fact remains that people discovered something needed in their own life, or others’, then created the gadgets and services we enjoy today.

3. Do Some Out-of-the-Box Thinking

When Dave Liniger, founder, and CEO of RE/MAX, was a successful young real estate agent, he grumbled about paying 50% of his commissions to the broker whose office he worked in. 

As an out-of-the-box thinker be began to look for a better way to sell homes and keep more of what he earned at the same time.

He could have rented a desk in an office building for $500 a month.  But, that didn’t offer outstanding management, a large brand name, lots of offices, or the ability to share expenses across thousands of agents.

He thought, why not create a hybrid? A firm that offers more independence to agents and lets them keep more than 50% of their sales commissions.  But, still, provides more support than going at it alone.

And from that, RE/MAX was born and is now one of the largest networks of real estate agents in the world.

Liniger’s out-of-the-box idea was backed up with hard work, perseverance, and passion, and it met a need for thousands of real estate agents. His dream has grown into a billion-dollar-a-year business.

How far might you go if you were willing to do some out-of-the-box thinking?

4. Create Your Own Internet Business

Today, an internet business is one of the fastest and easiest ways to get started, even while keeping your current job.

You can find a need and fill it for thousands of people with that interest across the world.

If you are creative and artsy, Etsy.com is a fast-growing e-commerce website where people can sell photography, artwork, jewelry, quilts, knick-knacks, and toys to people all across the world.

If you have great information to share with others, you can sell e-books, audio files, training materials, how-to courses, and other informational products online easily, without needing to ship a single box. Website platforms like WordPress.com make it easy to have a website up and running in no time.

If you have clothing or items around the house that you are no longer using, start a small business and sell them through Ebay.com.

If you enjoy bargain shopping, I know a woman who made her entire living off of purchasing children’s clothing and toys from discount stores and selling them on eBay to make a profit.

You don’t need to have a big marketing machine behind you to successfully sell through the internet.

Hundreds of websites, blogs, newsletters, and clubs already have visitors, subscribers, and members who could be perfect prospective customers for you. Talk to the site or blog owners and offer them a percentage of anything you sell to their readers or members.

This becomes a win-win for everyone involved.

5. Join a Network Marketing Company

There are more than 1,000 companies who sell their products and services through network marketing and direct sales.

From health and nutritional products to cosmetics, cookware, toys, educational materials, and phone services there is something for everyone!

I’ve been a consumer, representative, and trainer to many great companies. Companies who not only have amazing products to offer but great compensation plans and training programs to support you. There is an unlimited opportunity for growth and compensation.

The sky’s the limit!

Find a company that has been around for a while and has a good reputation. Try the products and make sure you love them.

If you are passionate about the products and the people, you can earn more money through the leverage that building a downline provides you.

Act on Opportunities That Feel Right For You

Just remember, wherever you decide to put your energy, the key is to become more valuable to your current employer, customer, or clients. You can do this by getting better at solving their problems, delivering products, and adding services that they want and need.

Make it a part of your vision and your goals. Visualize and affirm that you earn more money from your ideas because they provide value to others.

Start reading books and articles about it and talking with your friends about it. You will start attracting all kinds of opportunities and ideas.

Then, act on the ones that feel most right for you. You will earn more money in no time. 

Make More Money By Training Others

Are you good at teaching others how to do something? Or leading groups?

Would you be interested in teaching my Success Principles to others to make more money? Could you teach seminars locally? Can you offer a class at the local high school or community college? Could you lead a workgroup at the office to incorporate these principles on the job or in your department?

Or could you boost your existing career as a professional trainer?

If you can envision yourself as a dynamic and powerful presenter you should watch my free webinar The 7 Pillars of True Life Transformation. In it, I’ll show you how you can transform your life and your career, by training others. 

You don’t have to be a master of implementing these principles to lead a group, since I’ll help you become a master trainer as part of this immersive professional program.

Imagine the workgroups, clubs, sales teams, women’s groups, entrepreneurs, or companies where people could be working together to support each other in actively living these principles. The results would be miraculous. And YOU can be the person that makes that happen. Click the button below to learn more.

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The Importance of Networking & Masterminding

While you may be able to create tremendous success on your own, traveling the path of success through networking and a mastermind group makes the journey more enjoyable. Plus, the added accountability will propel you to success faster and further than you originally envisioned. This is where the importance of networking and a masterminding comes into play.

networking masterminding

It’s Not Just What You Know, It’s Who You Know

Success is a team sport.

It’s not what you know, it’s also who you know.

In my career, success in any undertaking has come down to not just who I know—but also who I have on my team.

Along the way, I’ve learned many success principles that can help you build your own network of influencers, mentors, and experts. Developing a business network of people can help you succeed.

Nurture Your Network

One of the most important skills for success in today’s world, especially for entrepreneurs and business owners, is networking.

In my life, this has proven to be true.

The more time I have spent consciously building and nurturing my business network of advisers, colleagues, clients, students and fans, the more successful I have become.

Businesses and careers are built on relationships. Relationships form when people meet and interact with each other in an authentic and caring way.

Effective Networking is Dependent on Trust

Statistics confirm over and over that people prefer to do business with people they know, respect, and trust.

“Effective networking is all about developing relationships.”

In creating your own personal network groups, your job is to seek out people who know things you don’t. These people can help you connect where you can’t.

Developing Relationships Takes Time

Initially, your goal shouldn’t be to make a sale. Instead, it should be to seek advice, connections, recommendations and insights. To the extent that you can provide something in return, do so.

Remember that developing genuine relationships takes time and consideration.

It requires careful thought and a mindfulness for others.

Three Steps to Building a Reliable Networking Group

Think of these three steps:  

  1. Visibility
  2. Credibility
  3. Profitability

First show up, participate, and get seen,

Second, ask others how you can help them and then deliver on their requests if you can.

Then, when you have developed a relationship of trust and service, you can ask for referrals and assistance.

Two Heads Are Better Than One

Networking and building meaningful relationships with others brings success quickly.

This is where mastermind groups come in.

We all know that two heads are better than one when it comes to solving a problem or creating a result.

Imagine having a permanent group of five or six people who meet once every week or two to problem solve, brainstorm, network and motivate each other.

This is masterminding.

The Basic Philosophy of Masterminding

The basic philosophy of a mastermind group is that more is achieved in less time when people work together.

A mastermind group is made up of people who come together on a regular basis (weekly, biweekly, or monthly) to share ideas, thoughts, information, feedback, contacts, and resources.

Getting the perspective, knowledge, experience, and resources of the others in the group greatly expand your own view of the world. It can also advance your own goals and projects more quickly.

Find People Outside of Your Field

When you form your mastermind group using your networking skills, consider bringing in people from different professional arenas.

Find people who are “above” or “ahead” of you professionally or financially. These people can introduce you to a network of people and resources you normally wouldn’t have access to.

Though the benefits of masterminding with people outside your field may not seem obvious now, the truth is that we all tend to get stuck in our own field of expertise.

We see through the same narrow lens and do things the same way everyone else in our industry does.

Build Your Own Mastermind Group

When you assemble people from different industries, professions, or fields of study, you get lots of different perspectives on the same subject.I don’t know anybody who has become super successful without employing the principles of both networking and masterminding.

I don’t know anybody who has become super successful without employing the principles of both networking and masterminding.

This is because building meaningful relationships with others both inside and outside of your field of expertise forms valuable connections and expands your resources.

You never know when these connections will come in handy on your journey to success.

Take Action

Make a list of 5-6 people who you know that you could potentially build a mastermind group with, and ask them if they are interested. 

One of the most powerful ways to learn anything is to teach it to others. That’s why having a mastermind is so important.

Teaching forces you to clarify your ideas, confront inconsistencies in your own thinking, and more closely walk your talk. But most importantly, it requires you to read, study and speak the information over and over again. The resulting repetition reinforces your own learning. I’ve created a free webcast for people who want to learn to train others, lead mastermind groups, and conduct powerful learning sessions with others. 

If training and empowering others is something that inspires you, click the button below to watch my webcast The 7 Pillars of True Life Transformation

 

How to Use Your Tax Return to Invest in Yourself

how-to-use-your-tax-return-to-invest-in-yourself

Tax season is right around the corner, which means you may be getting a tax return. It may seem like a good idea to invest your refund into a dream vacation or a shopping spree, something you deserve after all your hard work. Instead, I urge you to invest in yourself, a pay off much greater than a week in the sun.

If you have ever wanted to become more financially responsible, this may be the perfect time to start. I want to discuss the best ways that you can invest in yourself this year.

Change The Way You Think and Act With Your Money

One of the best ways to invest in yourself starts with changing the way you think and act with your money.daily-affirmations-for-success-guide-2

The truth is that being financially healthy is an essential part of a well-balanced life.

You may be saving your money for several reasons. Maybe for a dream vacation, expand your business, buy your first home, or simply have peace of mind.

No matter the reason, you first need to assess, diagnose, and cure your financial health.

Take the time to meditate and reflect on the limiting thoughts and beliefs that you have about money. You may experience fear, hopelessness, shame, or even guilt.

What are the attitudes that are holding you back?

Confront, Release and Replace Negative Feelings

Once you have identified the root of your early programming, it’s time to let go.

A very effective technique I teach is to experience the negative feeling, confront it, and release it. Finally, replace it with a powerful affirmation. The affirmation will drive your everyday actions and motivate you to keep striving forward.

It is also very helpful to visualize your dream life with a vision board. Feature images of what your life will look like when you create financial success.

Make a complete and honest assessment of your current financial situation.

Just as your physical health is critical, your financial health is also vital in many aspects. Especially in simply giving you peace of mind!

Identify Where You Are Now and Where You Want to Be

Take the time to identify where you are now, and where you want to be.

If you’re at the beginning stages, maybe you’d like to learn how to set and keep a budget.

You might have already established your net-worth by now. You may need additional resources to assess your business’s financial statements.

It’s crucial to have clarity about the condition of your financial health.

We are creatures of habit. You’ll need to make the conscious decision to change whatever is necessary to achieve your next goal.

Focus on Your Relationship With Money

Use visualization techniques to focus on the relationship between money and you.

This might mean adopting a debt reduction plan, establishing a family savings plan, or figuring out the next steps to reduce your expenses and increase your cash flow.

If you are getting some money back on your tax returns, this may be the perfect time to save it.     

This is possibly the most important step of the process to create financial success.

Determine the “How?”

You have determined the “Why?”, the “What?”, and the “When?”  Now you have to determine the “How?”

Establish a step-by-step plan to reach your immediate goals.

Ask yourself some of the following questions: What is the next step? How long will it take until it’s completed? How will I monitor my progress? Do I need to seek additional resources to help myself?  When will I start?

Don’t worry about getting it “perfect” the first time. It’s an ongoing process and you will undoubtedly make adjustments as you move along.

My good friend Phil Town has a lot of great advice on his blog for beginners interested in learning how to invest. Just be sure to consider all your options, as you decide between investing in stocks, money, or even your time!

Invest in Others to Invest in Yourself 

No matter what your goal is, if you drive your results with an attitude of service, you will absolutely receive success.

Acting from a place of service will complete your journey towards creating good and sound financial health. It will also make others happy in the process.

These are the perfect ways to invest in yourself this year.

So I want to leave you with a bit of homework, ask yourself the following: How can I help others? How can my product help others? Could I volunteer my time and help a great cause? What principles am I teaching my children? What will my legacy be?

In order to receive, you must first give.

Answer some of my questions in a comment below, and I’ll be sure to follow up with you! Get my free Daily Affirmations for Success Step-By-Step Guide. Discover how you can use affirmations to change your self-image, replace your limiting beliefs, and achieve success. Use this guide to elevate yourself to new levels of happiness and success in every area of your life.

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