It’s almost impossible to talk about business, economics and money without someone quipping that popular saying: “The poor get poorer and the rich get richer.”
But why? The answer is simple: One must understand how money is made before one can do it. It’s not about showing up for work, it’s about understanding the system and milking it. We’ll teach you how to do that in the next two pages.
Remember popular proverb: “The poor work for their money, but the rich put their money to work for them.” This is the essence of making real money, and it works as a system both online and offline. Understanding the basic methods and models for building wealth is essential to actually doing it.
Don’t worry, this isn’t just theory. When you finish this article you will know exactly how to do it yourself and, better yet, how to get started in the next few minutes.
Build a System
Everything in the world works in terms of a system. Political systems, social systems, mathematical functions, car motors, etc. Things just work in certain ways. The same is true with making money.
Everyone knows (at least subconsciously) that this is true, which is why internet scammers always try to claim that their product is a “automated system” or “turnkey system”. There’s a little truth to every lie. You do need a system, but it has to be a system that works. Understanding how models and systems work is essential to success.
Think about the world’s rich. Nearly all of them have created some sort of model that they simply use over and over again. Once you have a system that works, you can duplicate it over and over again. Once you have a system that works, making money suddenly becomes far less complicated. Once you find a model that works, all you have to do is put it to work.
There’s a popular expression that rings true: “The first million is the hardest.” The “first million” is when you are learning what works, so you’ll be hitting all of the bumps in the road at that time, because you’re just getting started. The second will be easier, because you’ll be duplicating what you did to make the first. It’s all about creating a system that works and duplicating it.
Warren Buffet, the richest man in the world, has a model for making money. His system is simple: Find a cheap deal, buy in, and never sell. Over the years his costs will become profit. That’s his system. Value trading.
The rich build a system, because making money requires a system. We’ll be talking in a bit how you can build your own system, starting literally in just a few moments.
Build an Asset
A job based on hourly wages is one of the worst business decisions you can make. If you quit your job and can’t find another, you don’t eat. If you decide to take a break for a month, you starve and lose your house. You are chained to your job, and financial security is nearly non-existent.
Most people choose this lifestyle without considering the alternatives. The rich rarely, if ever, work by the hour. The super-rich absolutely never do. Working by the hour holds them back, plus, they only get paid once. So that one hour will pay them $100, and that’s the end of that.
The ideal income model doesn’t just pay once, the ideal model pays over and over again. A payment that occurs over and over is called “residual”, such as a cable bill for the cable company. Residual payments are the foundation of building wealth rather than living paycheck to paycheck.
The Internet offers a unique opportunity with affiliate programs. An affiliate program is where another individual or company agrees to pay you if you can get people to look at one of their offers.
For example, I own a website dealing with short term loans. I have a custom link on the site that links to a major banking institution that pays me every time someone gets a loan. I make about a 100 bucks per hundred clicks, and I’ll get paid whenever that person gets another loan.
You can market affiliate programs that offer residual payments in nearly every field, which is the type of program I usually focus on with my websites. For example, let’s say you sign up with an affiliate program where you market a website that gives dating advice out in a monthly newsletter.
People pay $50 for the newsletter, and your cut is about half the sticker price. That’s $25 per month for you, for one sale. You don’t just get paid $25 once, you are paid every month. If you can get a thousand subscribers, you make $25,000 per month, even if you never make another sale.
You could delete your websites, quit your job and move to an island in the pacific, and you’ll still make the money every month. Sell once, earn forever.
This is exactly what the super rich have done. They’ve built assets rather than jobs. Don’t chain yourself to an hourly-based job. It isn’t worth it.
So How Do You Start?
Enough of the theory, let’s look at how you can actually do what we’ve talked about.
On the home page of Make Money , we discussed what Bill Gates said: the internet has completely changed how we can make money. For $300 you can completely launch a fully functional online business. The method is simple, easily duplicative and and it meets both of the above principles. You can use a system that works and you can build a residual income.
If you’ve been browsing here for a while, you know that I’m a die-hard supporter of SiteBuildIt , the only “all-in-one” website, marketing and design host for people who want to make money with a website. There’s a reason: the system is founded upon the above principles.
1. Find a System
SiteBuildIt is based on the same system that the “make money online gurus” use, called CTPM . It’s simple: write great content about a topic, build traffic, and make money. Everything else is secondary when it comes to the CTPM system. We’ll talk more about this on the next page after you click the link below.
2. Build an Asset
Building a website is the perfect asset. I know that I will continue generating what I make right now, even if I never touch my computer again. The traffic will still come, and I’ll still get paid. My money isn’t tied to a job. This is real financial freedom.
SiteBuildIt is created for the “newbie”. If you’ve never built a website before, but want to make one so you can earn money online, SiteBuildIt was created for you. We’ll talk more about this on the next page, which is the crux of this website-tutorial.
Note: Remember to not just read this tutorial and then just forget about it. The only way it will benefit you is to apply the principles. Remember the old saying: “First say to yourself what you would be; and then do what you have to do.”
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