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How do I acquire the millionaire mindset?

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 The Richest Man in Babylon (The Success Secrets of the Ancients – the Most Inspiring Book on Wealth Ever Written) by George S. Clason 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...
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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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5 Biggest Benefits of Blogging

5 Biggest Benefits of Blogging
5 Biggest Benefits of Blogging  1. You tend to become a better writer and thinker #quote #blogging #blog #blogquote #bloggingquotes #parentingblog #parentingblogger #pregnancyblogger #pbloggers #pbloggersuk A photo posted by Beth, Welsh Blogging Mama Of 3 (@lifeasmum_blog) on Feb 23, 2016 at 2:42pm PST Once you start blogging, you’ll find yourself becoming a better writer and thinker. Mastering content takes creative imagination…. And in the due course of creating great pieces of content for your blog, your research skills also improve. How to Blog Like a Professional? 2. Establish yourself as an expert  Blogs are amazing tools to help people establish themselves as experts in a field or niche. We all have some kind of interest and expertise to share with others. If you’re able to produce great content on your blog and/or have a unique point of view on the topic, then be assured that your future audience will recognize it and reward you for it. 3. Increase your self-confidence  The more involved you become with blogging, the more your creative juices will flow. That’s one reason why blogging is so popular. As you gain knowledge about your topic, the confidence you’ll build in your followers and most importantly, in yourself, will soar. #ABAUK17 #allergyawards #blogging #bloggers #blog #allergyblogawardsuk #bloggingquotes #quotes #inspired #allergyblogger #allergy #eczema #hayfever #asthma #foodnutrition #podcast @ukbloggers1 A photo posted by Allergy Blog Awards UK (@allergy_blog_awards) on Jun 30, 2016 at 5:54am PDT 4. Make friends and have fun With practice and a little effort, you can easily build your base of blog fans and followers. As you become known as an expert in your niche, you can inspire, encourage and help your followers make a difference in their own lives. Along your blogging journey, you will make new friends and connections throughout the world. 5. Make money from your blog  Blogging can also have financial benefits. You can place ads and receive affiliate commissions by promoting products of established online retailers. And you can sell your own digital products and...
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Basics of a Stock Market for Beginners

Basics of a Stock Market for Beginners
Basics of a Stock Market An organization is formed in two ways: 1. When an individual makes an investment to start a business – it is called private business or sole proprietorship. 2. When a group of people (two or more) come together, make investment to run a business, it is called a partnership. To download this document in PDF format… Please Click here… If you find the info useful do not forget to share…. What is a company? The above said partnership is formed with known faces. When unknown people or the general public is incorporated into the partnership, it is called a company. Companies are registered under “Registrar of Companies”. The company is held accountable for the entire liabilities and not the stock holders. What is meant by stock? The shares released by the companies for the general public to buy is called stock.   What is meant by stock market? The place where shares are bought and sold is a stock market. Small traders, commission agents/brokers, big traders form the core of this market. The popular stock markets in India are the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Worldwide, New York Stock Exchange, London Stock Exchange, NASDAQ and Hong Kong Stock Exchange are extremely popular. The Complete Forex Trader A practical application of the retail Forex market. A lock, stock and barrel approach to successful Forex trading What are the different types of stock market? 1. Primary Market: When a company issues its first stock to the general public, it is called IPO – Initial Public Offering. 2. Secondary Stock Market: To purchase or sell an existing stock a secondary market has to be approached. After IPO a company’s share is listed in the stock market. After this the investors can sell the shares in the market. The current stock value determines the demand for that company’s share. Who is a Share Holder? The shares released by the companies have a face value determined. Investors who buy these shares at the face value or more are called shareholders. Who are Stock Brokers? The members of the stock market are called stock brokers. The power to buy/sell a share, trade on behalf of an individual/company is vested upon these stock brokers. If you plan to buy a share, you need a stock broker and a DEMAT account. How Stock Market Works? Price of the Stock How traders make money? Thanks for reading…. Contribute to Managementguru  towards learning and building...
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Pro Blogging Tips for Beginners

Pro Blogging Tips for Beginners
Pro Blogging Tips for Beginners This post brings you very useful information from pro-bloggers in the likes of Jeff Bullas. For some blogging may be a passion… For some blogging is a pastime… But lately… Blogging has become business… Blogging is the source of income for many… Follow these excellent tips from blogging and digital marketing experts that will guide you through all the hassles. I have tried to summarize the key points that will give you a fair idea about the blogging bascis. Here they come… A. Top 5 Tips That Can Make You a Successful Blogger 1. Get started with the right platform The very first challenge will be  choosing the right blogging platform. There are a lot of free blogging platforms  like Tumblr, WordPress, Blogger and Type Pad. All these offer free design themes that can be customized to suit your purpose. But it is always better to go for a self-hosted blog if you plan to convert your blog as a business in the long run. 2. Consider integration Getting your blog integrated with an existing website in order to build the content is good for SEO and also make the search engines fond of your content. SEO is all about keywords in your content  and concentrating on this aspect becomes inevitable. Long tail keywords attract lot of traffic since the competition will be less. 3. Finding a niche Your blog must talk about something spectacularly specific or offer solutions to specific problems to please both the readers as well as the search engines. 4. Write about something that you love When you write about something that you are passionate about, you will enjoy doing it and you will also be good at it. 5. Offer something of value The blogs you write must be of something that the readers will value. This means you must offer them something in return for spending time reading your blog. Your blog will never be a success if you aren’t providing something of value. Such is the power of information and when you do it right, you win. This excellent Infographic compiled by Twelveskip.com lists down 26 AWESOME BLOGGING TOOLS LOVED BY THE PROS B. Are You Making These Twenty Mistakes on Your Blog? Writing a blog is both a joy and frustration as you try and work out the ways to let readers on the world wide web discover you and let them know you exist. You have only a few seconds to help the reader decide whether they want to read your post or not so a headline that compels and teases the visitor to your blog or who sees your headline on a Tweet is a must in driving readership. Try COSCHEDULE HEADLINE ANALYSER that gives you a clear insight whether your post title rocks or sucks.. List posts such as “10 Ways To..” or The 5 Top …” are always effective. These might seem redundant and overused but the fact remains they work. Some bloggers wonder why they have no one reading their articles. I sometimes wonder how some blogs are ever found in an ocean of over 200 million blogs. So the challenge is that the writing is just the beginning and promoting your posts is the next step in driving readership and building a loyal following in your industry or niche. This excellent Infographic compiled by Classycareergirl.com lists down 15 Major Blogging Mistakes to Avoid   C. 27 Reasons People aren’t Reading Your Posts You can’t create compelling content without an in-depth knowledge of your audience. Personas not only help you create better content, but they also help guide your topics, strategy and monetization efforts....
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