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How do I acquire the millionaire mindset?

How do I acquire the millionaire mindset?
This post is a curated version of couple of best answers from Quora to the ineviatble question “How do I acquire the millionaire mindset?” Everybody wants easy and quick money now a days but never understand that it is next to impossible and money earned such is not going to make you happy. Even if your fore fathers had left a legacy to enjoy, you always have the responsibility of manipulating and multiplying it. So, what is the ‘X’ factor that makes only few people and their companies serve as index of stock markets? Start with this book. Read it as many times as you need to until you have internalized its lessons. Some of its important lessons include the following: Start thy purse to fattening Control thy expenditures Make thy gold multiply Guard thy treasures from loss Make of thy dwelling a profitable investment Insure a future income Increase thy ability to earn At this point, I have probably mentioned this book in a hundred different answers on Quora. I keep going back to this book because there are few other volumes that contain so much wisdom about wealth in so few pages. There is a reason why the book is still in print now, almost 100 years after it was first published. Its lessons are simple, timeless, and effective – as long as you actually put them into practice. Courtesy: Dan Kanivas, admirer of the millionaire next door? Here are some of the mindsets that set millionaires apart from the rest of us: Time does not equal money Most people trade their time for money. Millionaires realize that building assets that work for them is the best way to make money. Often, millionaires own more than one business. They almost build them as a hobby. Opportunity is everywhere Millionaires see opportunity every where. Every pain and problem is an opportunity to build a product or a service. When someone complains, it’s a potential money maker. Action is the best teacher Many get stuck in “student mode.” They read books, articles, and pay for online courses, but they never actually do anything. Millionaires are the opposite. They’ll learn the basics and then dive in. Most of their lessons are learned through experience. Mentors are a life hack Speaking of learning… millionaires often find mentors. They see the value in learning from others that have experience. This is a different quality of teaching than what is provided through a book or a webinar. This kind of learning is personalized, tailored specifically to them by an industry expert. Profit > Revenue Millionaires could often care less about revenue. They care far more about profit. Think about it: 10% profit on $100,000 is only $10,000. 50% profit on $20,000 is also $10,000. Which business would you rather own? (Yes, revenue does matter. A business with a 50% profit margin that only makes $10,000 a month is not a money maker) Money is a tool, not a goal Millionaires do not daydream about diving into a pool of money. It can buy fancy airplanes and cars, but for the most part, it is a tool. It is a tool to build things, repair things, and get things done. Determination Millionaires work tirelessly towards a goal until it is completed. They understand the “art of the finish.” Acquiring these mindsets is not entirely straightforward. There is no manual for how to do it. The best hack I’ve found is immersion. By immersion into the millionaire mindset, I mean: Reading books written by millionaires Reading biographies written about millionaires Watching interviews with millionaires Reading psychological studies about millionaires Finding a wealthy mentor Doing what...
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Top Ten Tips for Affiliates

Top Ten Tips for Affiliates
Affiliate Marketing- An Introduction to those who are new to the line! Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. The industry has four core players: the merchant (also known as ‘retailer’ or ‘brand’), the network (that contains offers for the affiliate to choose from and also takes care of the payments), the publisher (also known as ‘the affiliate’), and the customer. Maven – Clip, Share, Earn. The market has grown in complexity, resulting in the emergence of a secondary tier of players, including affiliate management agencies, super-affiliates and specialized third party vendors. Affiliate marketing overlaps with other Internet marketing methods to some degree, because affiliates often use regular advertising methods. Those methods include organic search engine optimization (SEO), paid search engine marketing (PPC – Pay Per Click), e-mail marketing, content marketing and in some sense display advertising. On the other hand, affiliates sometimes use less orthodox techniques, such as publishing reviews of products or services offered by a partner. Affiliate marketing is commonly confused with referral marketing, as both forms of marketing use third parties to drive sales to the retailer. However, both are distinct forms of marketing and the main difference between them is that affiliate marketing relies purely on financial motivations to drive sales while referral marketing relies on trust and personal relationships to drive sales. Affiliate marketing is frequently overlooked by advertisers. While search engines, e-mail, and website syndication capture much of the attention of online retailers, affiliate marketing carries a much lower profile. Still, affiliates continue to play a significant role in e-retailers’ marketing strategies. Tip Number One: Choose an affiliate program that best suits your website or blog content. Tip Number Two: Don’t spam social media networking sites with your affiliate links. Tip Number Three: Choose wisely before joining an affiliate program because you would end up wasting your time and energy working for nothing. Tip Number Four: You need to pull enormous crowd to your blog for which your site has to be “Content-Rich“. Tip Number Five: Use shortened links to make your affiliate links not-so-obvious, ELSE you might end up losing followers and fans. Tip Number Six: Promote products with maximum revenue generation in the form of commissions. Tip Number Seven: Facebook though a best platform to promote, as it imbibes html codes and iframe syntax, in my opinion, twitter brings you more web traffic and in turn affiliate clicks. Tip Number Eight: You have to understand that it is not wise to fill the web page with too much of affiliate clutter, as it might work the otherway round. Yes, it will be a traffic driver out of your website or a blog. Tip Number Nine: The best way is to experiment with affiliate mix and match combination and Google Ad sense is by far the best as it sends suitable ads that matches your content. Tip Number Ten: Patience is the key to success. If somebody wants more idea on affiliate marketing, kindly contact me at managementguru.net@gmail.com     This month the discussion is all about PASSIVE INCOME through Affiliate Marketing, Info Products, Online Training, Ebooks, CD’s and DVD’s. 5 WAYS TO GET PAID MULTIPLE TIMES FOR THE SAME WORK Here are five ways you can move from producing active income to producing passive income: Could you turn your expertise into a product? Yes, you are an expert. There are things you know or know how to do that you take for granted. You assume every one knows what you know. They don’t. Other people would happily pay you for your knowledge. Could you turn a series of blog posts or podcasts into an e-book or book? People will pay for the convenience of having your content all in one...
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