We have talked about how important it is to take the entrepreneurial leap and stop climbing the corporate ladder.
Now that you’re ready to take action and leave the daily grind behind, how are you going to find the right, profitable, legitimate business?
First, beware of business advertisements that make unrealistic promises, selling you on the concept of “overnight wealth and success”.
When you find someone with a business that interests you, spend a little time to get to know the person.
Ask the right questions and be sure their business offers the following 3 things:
1. Profitable Products
Look for high-priced, big profit products that deliver exceptional value. Why?
Because it will take you the same amount of time, money and energy to sell a product with a small commission as it will to sell a product that can make you several thousand per sale.
2. Back-End Sales
Make sure the business has a back-end product line that increases in price, value, and profit. Why?
Because your repeat customers will make you bigger profits on their second, third and fourth purchases.
It is important that you are rewarded, as a business owner, and have the opportunity to create true wealth.
The only way true wealth is created is through passive, residual income. That’s income that you do not have to work for every day.
That’s true financial freedom.
In the meantime, if you want to see an example of a business with high-profit products, serious back-end potential, plus residual income,give us a call!
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