🔵Sign Up For My FREE 6 Day Ecommerce Course - mywifequitherjob.com/free/ 🔵Sign Up For My Full E-commerce Course - profitableonlinestore.com 🔵Order My Wall Street Journal Bestseller The Family First Entrepreneur And Get $690 In Bonuses - thefamilyfirstentrepreneur.com
From an accountant's point of view - any business that has a daily cash inflow like retail, restaurants, or hairdressers - but monthly or quarters outflows like rent, loans, and extended credit terms from suppliers - are bound to run into an instant "cash trap". Unless the owners are disciplined and carefully control their cash flow - the money they took in is gone by the time the mortgage becomes due.
Yeah, I've had a blog for years. It's helped drive readers to my books I sell, but certainly not a windfall. Since AI has came out, maybe I could do a revamp
After owning a business for 10 years, I've learned that sadly the government doesn't award those who save for a rainy day and stockpile earnings. The tax man comes calling with a vengeance. Other than pure greed, that's one of the biggest reasons that I see businesses distribute out 100% of their net profits before the end of they year. It's a shame. Imagine if businesses were rewarded for putting 3 months, 6 months, even a year of their monthly costs of doing business into an emergency fund? The pandemic would have looked very different.
Don't expect to quit your other job anytime soon. There is a lot of competition now in most niches. Prepare to work at your e commerce store 4 pennies everyday for three years. Your job in the beginning is marketing. Most of you will get tired and quit.
@@deadcell1 Thats what most people are trying to compete on. Those with deeper pockets will be your competition. Prepare to take losses in the first year to compete with them. Once you have established yourself the following years will get better. Just stay focused.
Wow! I was on your email list over 10 years ago and I actually read the emails you sent out. I can’t believe that blog is still going strong. Congrats!
Amalia's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery
15 years ago my ex wife wanted to start a home decorating business. I spent $800 on a LLC. And spent money going out to potential clients homes only to not get hired. My ex wife gave up soon after and never put any work into it. Then she decided she wanted to do an antique store business. So I spent thousands of dollars getting a building and inventory and she didn’t lift a finger to do anything. I had to do all the work and soon closed up shop because she just wanted the revenue to go shopping and not the business itself. So we got divorced soon after. Lesson learned
Russell I feel your pain I had that back in the days it broke me I divorced went back to Africa I grow up in the nederlands I m looking for a partner I have a bussniss plan that won t fail if you intrested let me know all I need is 30k infesmant fair and clear on paper everthing I m from Somalia we honest
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Northern Ireland🇬🇧
After I raised up to 450k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Oscar). Glory to God.shalom..
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
when you own a laundromat you have more to worry about than the machines. you also have to worry about the building. a lot can go wrong with a building. there is a beautiful laundromat in my town that everyone loved that has been closed for years because the roof was declared unsafe. it was a shock to everyone.
Agree- it’s not passive income at all. My father owned laundry mats and they break or people do stupid things. Change always runs out. Water bills are pretty huge and finding people to keep it clean is also challenging.
This ecommerce is starting to get me. I am science person 😄😄😄. I love the idea of dropshipping. The way you explained makes me get into it. Thank you for being there. God continues to prosper and teach 🙏
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
Gertrude Margaret Quinto is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
When I was a kid in the 1950's, the business least likely to fail was the baldness cure business. People losing their hair would try any possible cure. If one didn't work, they would try another Since none of the cures worked, they never ran out of customers..
Yes, as old as indentured servants did for passage to America dud work their lenders 1.couldnt do or 2. Didn't want to do...remains the way into the economy.
I have been a real estate investor for 25 years and a math teacher. I live on Maui and am in the process of building a 3-plex here right now. I am very good at construction and remodels. I was in the red every month for YEARS with my first purchases, but I was also factoring in my own cost of living. The first place that I bought was a 4-plex in CA. Solid advice!
honestly $1,000 is nothing. Any adult would have no problem spending so little money on something that could profit them...and I'm not even rich lol.... but my Max is 5k... after that I kinda cringe lol
@@floydmcmondo Not sure I understand. Do you think the people who purchase the class going to buy his handkerchiefs, or are the people buying handkerchiefs going to buy the class?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
You can be successful in any present businesses, if you follow the principles: The product or service should be handy, convenient and easily available. The quality of the service should always be high standards all the time. No compromise. The price should be such that the product or service fetches the value for money. Engage with the customer as frequently as possible. Rest, focus on the given task and then move ahead.
Real Estate Development is my business. If you want a single family rental that’s cool but I would skip that’s and go straight to multifamily or flex commercial space.
@@yolandahebert2350 sound simple, but that itself has a complex set of rules and if not careful can lose a lot.... plus competition can get a bit tough..especially nyc area.. but there are big gems but you have dig hard.
What you don't mention is that an online store has other expenses such as marketing that is not cheap and SEO (which can be free but it takes a wile to appear on the search engine results).
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
1. example: Online stores fine but how to find what product to sell, how to buy where to store the physical products ...how to handle the cost involved of business? first 3 are how to market it ....but real challenge is what business to or content or what topic youtube channel !! please if possible share how to go about it. Thank you.
You really didn't explain how HARD it is to promote an online business. It's not as simple and straight forward as you made it sound. Just because you build it doesn't mean they'll come. And online advertising is not easy nor cheap
That is with any business or unless you have customers all ready then your business will make it from the beginning, but if you’re starting from scratch, all business is gonna take at least three years for you to actually see the benefit. You just have to have the common sense and say this is gonna take time and you gotta understand that People goes into these business thinking that they going to make money right away and you’re not it’s just business.
Isn’t it futile to have an online store when you can find the same and unique products on Amazon. The Chinese have made it close to impossible to even shop in Amazon much less having a dinky online store where anyone can just use Google lens to find the same product at a cheaper price. Also as soon as your unique t-shirt or other product you made gets online someone else will make the same thing. All they have to do is see how your sales are. It’s like chasing your tail. I could see how you were successful back in 2009 but those days are over.
First off. Most people are omnichannel today. Second, it's not all about price. It's about marketing and the emotions you can instill in a customer. Take a look at true classic tees. They sell plain shirts for $25. I have tons of examples from students in my class. In fact an interview is going out tomorrow from one of my 7 figure students. I've been selling for 17 years now. Do you think that people only buy cheap unbranded Chinese products?
@@mywifequitherjob You are basically talking about unicorns. I'm not talking about cheap unbranded Chinese products but talking about how it is much easier nowadays to buy a similar product with AI helping you out when you shop. For the masses, it is feasible to do what you are saying but like you said you have been selling for 17 years, thus explains why you diverted to doing blogs and paid courses. Selling items in a small website with sales funnels is more difficult now. Yes , you can make a few sales but I wouldn't say that you will make millions like the unicorns.
@@justhere3794 I didn't "divert" anything. I run a 7 figure store over at bumblebeelinens.com. I own a warehouse with employees. Running a business is difficult but it can be done and I have so many recent examples of colleagues and students doing 7 figures. If this is your current mindset, then yes, you aren't ever going to make money nor are you ever going to succeed. Making 6 or 7 figures is quite doable. And I'd hardly consider True Classic Tees a unicorn... Stop making assumptions based on your own limiting beliefs.
@@mywifequitherjob❤ And there is the Key 🔑 If you surround yourself with Belief- I am learning that as I speak- Faith in what you do can grow or destroy your potential. Just as with health- I was sad most my life after loosing my first husband to a heart failure when he was 22- I had to overcome fear of dying when I would turn 22. Then for our only son who died in the last year. This man in the comment needs to start Believing he will succeed- or success will not happen. Great 👍 Faith and Blessings to You and Tour beautiful family sir.❤ Thank you for lighting the candles 🕯️ of others- and not being discouraged . This is the first talk I have heard of Yours- and positivity is what I seek- enough quicksand in my life 😅 I choose to grab onto the helpful hand you offer- May this fellow do the same. ❤
You have mentioned Real Estate as a lucrative business. Do you feel the same about Digital Real Estate? Where you would be buying and selling websites.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
I was in a similar dilemma two years back. A business may not be the right way to go about getting that extra money except you won't do the running of the business yourself. You should probably consider investing in stocks, ETF's or even Real Estates if you have the money. You don't necessarily need a lot of time for this and it is equally rewarding. You can even use the service of a financial expert and this way, you literally do nothing. I make close to twice my regular income this way and I plan to still own a business but much later when I'm ready to retire. Goodluck
I don't really understand your first question. For the second, you should start by looking out for those from credible firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.
Wow, this video is simply amazing! It's one of a kind where I don't learn anything but it will probably be the one that will make me prosper the most if I follow it, Thank you so much for this weak-up call!
I'd do a triple like button if I could on this video. It is outstanding the way you presented the information. It makes a lot of sense the way you explain it.
4 Businesses With AMAZINGLY Low Failure Rates- (1) launching an online store-dropshipping store,print on demand store,jewellery store etc. (2)content creation-website, blogging etc. (3)youtube channel (4)real estate
he's making it sound easy but it takes time and effort to establish and start. anyway thank you for this content, doing some research as of the moment.
You can start an E-commerce business for free...literally! Of course it might take time to establish your business and that's how 99.99% of businesses go.
@@Celebscandal You can't tell anything bro it's either your TIME (SEO, Link Building, Establishing Social Media Presence) or your MONEY (Paid Ads, Media Buying, Endorsements, Paid SEO Services) etc. The way these influencers make it seem like online stores are so easy to setup and drive targeted traffic to because they're cheap to create is dishonest. 🤡
Good video Steve. We love business ideas so much, we wrote a book on it. We have a section on intellectual properties. People aren't talking about it but it is hot and not as well known.
The fees for doing business go up all the time and def. year after year. It costs a lot of money to keep a business open. Nowadays the prices are outrageously high and most people are not buying. Groceries and rent and the business to be in, oh and hospitals. What is terrible is the subscription model for services. An absolute raid!
I used to live in a building with a failed laundromat on the ground floor. There are more videos on print-on-demand than people making money from print-on-demand!
In this year 2024, and taking note of what is happening to the economies of the USA, Canada, Australia, New Zealand regarding private and commercial real estate, it is an area that I would steer clear of at this point.
Great insights! Starting an online business indeed offers lower financial risks compared to traditional brick-and-mortar ventures, making it an attractive option for aspiring entrepreneurs. Leveraging dropshipping and print on demand models can significantly reduce upfront costs and streamline operations. 💼
Fail, this one needs to ! I was a field service tech for Cummins Allison 852 Feehanville Drive Mount Prospect, IL 60056 they make money counting equipment (not the diesel people) however this is what ya deal with, half assed furbished parts and to top it of they told me not to do the preventative maintenance anymore at customer sites just run the vacuum a little bit and wipe down the machines. I was like "But that is gonna make the service call numbers go up and is >theft of service< WHY ? Well they wanted to keep selling new equipment every 3 years or so see ? With At Will I was fired,SAD HUH ? Country is in TROUBLE...
Mr hacking I have a question, can you let me know how much time it will take for Green Card application. my adjustment of status application was received to USCIS on March 14, 2024.
@mywifequitherjob Are your courses Step-by-Step (literal pdf with s-b-s) instructions? I am 66 and not totally technologically challenged, but I do not have a natural acumen that naturally and intuitively knows what to do and connects the dots. One strength? I don't quit. I just need clear instructions and someone to whom I can ask questions. I can't afford to retire and I can't keep up a 12-hour a day j.o.b. much longer. Thank you for responding....I do hope I hear from you. I need instructions on how to get started and to get established. TY ❤
I recommend having a business address, even if it is just a rented Post Office box. I hate sites where you cannot see where the business is based. It's like, what are you trying to hide?
dont try to expand. I have been trying this for 2 years.... ton of money wasted. PPC, Ad fee. If I could go back 2 years ago I WOULD HAVE NEVER started in AMZ. Invest your money in the stock market or something.
I can attest that You can definitely lose money with a RUclips channel I paid for a boot camp course that didn’t help one bit Initially I bought an expensive Camera , other equipment I bought way too much fashion and make up I make next to nothing from Adsense I did however make money from real estate But that took many years And I used my bricks and mortar business to fund My real estate investments
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](/img/tr.png)
🔵Sign Up For My FREE 6 Day Ecommerce Course - mywifequitherjob.com/free/
🔵Sign Up For My Full E-commerce Course - profitableonlinestore.com
🔵Order My Wall Street Journal Bestseller The Family First Entrepreneur And Get $690 In Bonuses - thefamilyfirstentrepreneur.com
😅😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊
You sound like fingernails running down a chalkboard. Miss me with that BS
Not true....😮my channel was
Banned still is I HAD GOOD INFO.😮IM not trucker😊
I'm farmer.
I'm in Liberia 🇱🇷 how can I be part of your class
I signed up through your link but I didn't get a free store?? Can someone contact me please?
If I was making $5000 a day with ecom I wouldn’t be thinking about selling courses, all these gurus are so giving
From an accountant's point of view - any business that has a daily cash inflow like retail, restaurants, or hairdressers - but monthly or quarters outflows like rent, loans, and extended credit terms from suppliers - are bound to run into an instant "cash trap".
Unless the owners are disciplined and carefully control their cash flow - the money they took in is gone by the time the mortgage becomes due.
Its me. After a bakery cafe and a Fish and Chips restaurant, I have become a Home services provider doing mowing and painting.
You know a thing 😏 or 2
Truer words never failed
Yeah, I've had a blog for years. It's helped drive readers to my books I sell, but certainly not a windfall. Since AI has came out, maybe I could do a revamp
After owning a business for 10 years, I've learned that sadly the government doesn't award those who save for a rainy day and stockpile earnings. The tax man comes calling with a vengeance. Other than pure greed, that's one of the biggest reasons that I see businesses distribute out 100% of their net profits before the end of they year. It's a shame. Imagine if businesses were rewarded for putting 3 months, 6 months, even a year of their monthly costs of doing business into an emergency fund? The pandemic would have looked very different.
Steve is the best as he there is no BS, no slickness. Just professional, smart, and helpful. Will always use his affiliate links because of that.
Reading from a script you can see right through game. He's not authentic. No Soul in his delivery. Nah....I'll pass on this
@@anthonyanderson9963 You've clearly never attended any of his live webinars. If you had, you'd know how ignorant your statement makes you sound.
Bot reply
Don't expect to quit your other job anytime soon. There is a lot of competition now in most niches. Prepare to work at your e commerce store 4 pennies everyday for three years. Your job in the beginning is marketing. Most of you will get tired and quit.
If you're selling the same thing everyone else is selling then the only thing you have to compete on is service and price.
so true
Your exactly on point 100%. True Knowledge! FACTS
🤔
@@deadcell1 Thats what most people are trying to compete on. Those with deeper pockets will be your competition. Prepare to take losses in the first year to compete with them. Once you have established yourself the following years will get better. Just stay focused.
Wow! I was on your email list over 10 years ago and I actually read the emails you sent out. I can’t believe that blog is still going strong. Congrats!
that's his proof that it will never fail...unless you quit!
@@irinaleontyuk I didn’t know it was still around, I haven’t seen it in about 8 years.
@@irinaleontyukOr if it doesn’t pan out.
Hello, I don't know anything about investing and I'm looking to invest, any help? As well who can I reach out to?
Most people today have been having a lot of failures in forex and crypto because of poor orientation and bad experts.
It's wise to seek professional guidance when building a strong financial portfolio due to it's complexity.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Amalia Bunker
Talking to an expert like Amalia Bunker to reshape your portfolio is a very smart move
Amalia's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery
15 years ago my ex wife wanted to start a home decorating business. I spent $800 on a LLC. And spent money going out to potential clients homes only to not get hired. My ex wife gave up soon after and never put any work into it. Then she decided she wanted to do an antique store business. So I spent thousands of dollars getting a building and inventory and she didn’t lift a finger to do anything. I had to do all the work and soon closed up shop because she just wanted the revenue to go shopping and not the business itself. So we got divorced soon after. Lesson learned
They never get enough. Love your wisdom!
@gordon9177 DUDe sounds like fingernails running down a chalkboard. Miss me with that BS
Russell I feel your pain I had that back in the days it broke me I divorced went back to Africa I grow up in the nederlands I m looking for a partner I have a bussniss plan that won t fail if you intrested let me know all I need is 30k infesmant fair and clear on paper everthing I m from Somalia we honest
You both were wrong but at least you learned your lesson.
@gordon9177try me very serious business minded
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Northern Ireland🇬🇧
After I raised up to 450k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸also paid for my son's surgery (Oscar). Glory to God.shalom..
Wow I'm just shocked you mentioned Maria Davis, thought I'm the only one trading with her
Alright thanks for the recommendation, but how do I reach her?
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
There is no such a book
Fake messages
Actually i googled it, it does exist good insights too❤
This is a scam. Avast says it has malware.
Uh huh.
when you own a laundromat you have more to worry about than the machines. you also have to worry about the building. a lot can go wrong with a building. there is a beautiful laundromat in my town that everyone loved that has been closed for years because the roof was declared unsafe. it was a shock to everyone.
Agree- it’s not passive income at all. My father owned laundry mats and they break or people do stupid things. Change always runs out. Water bills are pretty huge and finding people to keep it clean is also challenging.
This ecommerce is starting to get me. I am science person 😄😄😄. I love the idea of dropshipping. The way you explained makes me get into it.
Thank you for being there. God continues to prosper and teach 🙏
The 2 Business that will never Fail or go under!!
1. The IRS
2. The Funeral Business ❤😊
Death and taxes...😂
Damn you had to be so frank, but that's the fuqin truth!
lol
What about the hospitals? Medical business.
😆
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@sloanmarriott5 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Gertrude Margaret Quinto is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
When I was a kid in the 1950's, the business least likely to fail was the baldness cure business. People losing their hair would try any possible cure. If one didn't work, they would try another Since none of the cures worked, they never ran out of customers..
i just stumble on this channel and to be honest this is what i need right now. thank you for this
be able to do well what others cannot and your business will never fail
Yes, as old as indentured servants did for passage to America dud work their lenders 1.couldnt do or 2. Didn't want to do...remains the way into the economy.
I have been a real estate investor for 25 years and a math teacher. I live on Maui and am in the process of building a 3-plex here right now. I am very good at construction and remodels. I was in the red every month for YEARS with my first purchases, but I was also factoring in my own cost of living. The first place that I bought was a 4-plex in CA. Solid advice!
Thank you for sharing this. In the context of the title of this video it’s really great info. Makes sense. 🙏
You're the most detail, right in point and clear, thank you 🎉🎉
He is also the most honest.
I love when these "experts" say things like "it only costs me $1000 a month" like $1000 is $50
Lol that's mine A
honestly $1,000 is nothing. Any adult would have no problem spending so little money on something that could profit them...and I'm not even rich lol.... but my Max is 5k... after that I kinda cringe lol
Steve's point is that when your business is earning 7 figures a year, paying $1000 a month to keep the business running is not a problem.
This video is just another useless AD
He said at the beginning he spent less than $50 a month. So yea... $50...
i appreciate the displayed Family First book, you're a tippy-top gent & i plan to learn much from you, kudos..
Great communication skills in every way!
This is not new. Everyone is already doing this 🙄 of course they want to sell you the “training” that’s how they make their money🤥
This. 😅
Sure - he's got two 7 figure businesses already, but the $1,500 lifetime access course is how he makes his money... 🤣
100% true.
It's called a funnel. The entry level of the funnel is never meant to pay the bills.
@@floydmcmondo Not sure I understand. Do you think the people who purchase the class going to buy his handkerchiefs, or are the people buying handkerchiefs going to buy the class?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
You can be successful in any present businesses, if you follow the principles:
The product or service should be handy, convenient and easily available.
The quality of the service should always be high standards all the time. No compromise.
The price should be such that the product or service fetches the value for money.
Engage with the customer as frequently as possible.
Rest, focus on the given task and then move ahead.
Real Estate Development is my business. If you want a single family rental that’s cool but I would skip that’s and go straight to multifamily or flex commercial space.
Not everyone can qualify for a multi family
Start with a foreclosure auction sale. Don't be afraid of hard work.
@@yolandahebert2350 sound simple, but that itself has a complex set of rules and if not careful can lose a lot.... plus competition can get a bit tough..especially nyc area.. but there are big gems but you have dig hard.
What you don't mention is that an online store has other expenses such as marketing that is not cheap and SEO (which can be free but it takes a wile to appear on the search engine results).
100%
agreeee 100% with you.
Marketing can get expensive real fast.
Exactly
Thank you for recommending Rebecca Jin financials on one of your videos. I reached out to her and investing with her has been amazing.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
She's Rebecca Jin financials
How do I access her ? I really need this
+130
The business that never fails is shown up on your video background. Take care of your family.
Great video, bring that 20% failure rate up to 30% with this one simple trick.
Thank you Steve. This was rather helpful
I’ve noticed a lot of laundromats close here
Rare to find one these days
Can’t imagine the electricity costs !
1. example: Online stores fine but how to find what product to sell, how to buy where to store the physical products ...how to handle the cost involved of business?
first 3 are how to market it ....but real challenge is what business to or content or what topic youtube channel !! please if possible share how to go about it. Thank you.
You really didn't explain how HARD it is to promote an online business. It's not as simple and straight forward as you made it sound. Just because you build it doesn't mean they'll come. And online advertising is not easy nor cheap
This is very true!
That is with any business or unless you have customers all ready then your business will make it from the beginning, but if you’re starting from scratch, all business is gonna take at least three years for you to actually see the benefit. You just have to have the common sense and say this is gonna take time and you gotta understand that People goes into these business thinking that they going to make money right away and you’re not it’s just business.
Exactly, promoting and advertising is the real bleeding not creating and maintaining a website, smh 🤦
I dislike drop shipping. If there is a problem there is often no one to help. Also can be quite slow to deliver.
Good points! Thanks!!!
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
I think you are honest in your talking I watch you from the Caribbean
Isn’t it futile to have an online store when you can find the same and unique products on Amazon. The Chinese have made it close to impossible to even shop in Amazon much less having a dinky online store where anyone can just use Google lens to find the same product at a cheaper price. Also as soon as your unique t-shirt or other product you made gets online someone else will make the same thing. All they have to do is see how your sales are. It’s like chasing your tail. I could see how you were successful back in 2009 but those days are over.
First off. Most people are omnichannel today. Second, it's not all about price. It's about marketing and the emotions you can instill in a customer. Take a look at true classic tees. They sell plain shirts for $25. I have tons of examples from students in my class. In fact an interview is going out tomorrow from one of my 7 figure students. I've been selling for 17 years now. Do you think that people only buy cheap unbranded Chinese products?
@@mywifequitherjob You are basically talking about unicorns. I'm not talking about cheap unbranded Chinese products but talking about how it is much easier nowadays to buy a similar product with AI helping you out when you shop. For the masses, it is feasible to do what you are saying but like you said you have been selling for 17 years, thus explains why you diverted to doing blogs and paid courses. Selling items in a small website with sales funnels is more difficult now. Yes , you can make a few sales but I wouldn't say that you will make millions like the unicorns.
@@justhere3794 I didn't "divert" anything. I run a 7 figure store over at bumblebeelinens.com. I own a warehouse with employees. Running a business is difficult but it can be done and I have so many recent examples of colleagues and students doing 7 figures. If this is your current mindset, then yes, you aren't ever going to make money nor are you ever going to succeed. Making 6 or 7 figures is quite doable. And I'd hardly consider True Classic Tees a unicorn... Stop making assumptions based on your own limiting beliefs.
Exactly right. Today millions are sellers same products andvllgger
@@mywifequitherjob❤ And there is the Key 🔑 If you surround yourself with Belief- I am learning that as I speak- Faith in what you do can grow or destroy your potential.
Just as with health- I was sad most my life after loosing my first husband to a heart failure when he was 22- I had to overcome fear of dying when I would turn 22.
Then for our only son who died in the last year.
This man in the comment needs to start Believing he will succeed- or success will not happen.
Great 👍 Faith and Blessings to You and Tour beautiful family sir.❤ Thank you for lighting the candles 🕯️ of others- and not being discouraged .
This is the first talk I have heard of Yours- and positivity is what I seek- enough quicksand in my life 😅
I choose to grab onto the helpful hand you offer- May this fellow do the same. ❤
You have mentioned Real Estate as a lucrative business. Do you feel the same about Digital Real Estate? Where you would be buying and selling websites.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.
“Most business fail” that’s what I call a motivational quote to start a video 😊
Is there any small but lucrative business you can combine with a 9-5 job? I love my job so quitting is not an option but I need the extra income too.
you need time to run any business, especially when starting out
I was in a similar dilemma two years back. A business may not be the right way to go about getting that extra money except you won't do the running of the business yourself. You should probably consider investing in stocks, ETF's or even Real Estates if you have the money. You don't necessarily need a lot of time for this and it is equally rewarding. You can even use the service of a financial expert and this way, you literally do nothing. I make close to twice my regular income this way and I plan to still own a business but much later when I'm ready to retire. Goodluck
Nice... This makes a lot of sense... How did you start?.. How can I get an expert like you said?...
I don't really understand your first question. For the second, you should start by looking out for those from credible firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.
Story of my life! I love my job but it doesn't cater for my all my needs
Thank you for your very informative video. I hope everyone is having a wonderful day. Sheila Mink in New Mexico
A very informative video!.😁
Wow, this video is simply amazing!
It's one of a kind where I don't learn anything but it will probably be the one that will make me prosper the most if I follow it,
Thank you so much for this weak-up call!
How to make money? Tell others how to make money
He's been doing this for many years, so he's not a newbie trying to persuade people.
Well maybe we should do it? And then once we are making money we can talk about and do what we want?
Sell a course
This is how Tony Robbins began. He wrote a book on how to get rich before he had money.
I don't think Tony Robbins is rich.
low barrier to entry, low risk, low rewards. there are 2 billion hungry a Pakistanis, Indians and chinese are doing this already
I'd do a triple like button if I could on this video. It is outstanding the way you presented the information. It makes a lot of sense the way you explain it.
4 Businesses With AMAZINGLY Low Failure Rates-
(1) launching an online store-dropshipping store,print on demand store,jewellery store etc.
(2)content creation-website, blogging etc.
(3)youtube channel
(4)real estate
The first one has a lot of competition and big companies can sell products or printed stuffs for a very low price compared to a small business.
I appreciate the info especially the 1031 rule in real estate, definitely got to check that out 👍
The interface of 4RA is very clean and well-organized. IPL betting feels great on this platform.
Nice to see you on CNBC
Thanks for cool content, do you have a video where you show how and where do you get the products for selling online?
I really want a small e-commerce store... But i want to buy it ready made.
Great content!!
he's making it sound easy but it takes time and effort to establish and start. anyway thank you for this content, doing some research as of the moment.
Very true. Ecommerce is very difficult. I find this misleading.
You can start an E-commerce business for free...literally! Of course it might take time to establish your business and that's how 99.99% of businesses go.
@@Celebscandaldude it costs thousands in paid ads and seo for your store to become established
@@Davo32310 Not true at all!!! And I can tell you have never opened an online store or you are doing it wrong.
@@Celebscandal You can't tell anything bro it's either your TIME (SEO, Link Building, Establishing Social Media Presence) or your MONEY (Paid Ads, Media Buying, Endorsements, Paid SEO Services) etc. The way these influencers make it seem like online stores are so easy to setup and drive targeted traffic to because they're cheap to create is dishonest. 🤡
Good video Steve. We love business ideas so much, we wrote a book on it. We have a section on intellectual properties. People aren't talking about it but it is hot and not as well known.
The fees for doing business go up all the time and def. year after year. It costs a lot of money to keep a business open. Nowadays the prices are outrageously high and most people are not buying. Groceries and rent and the business to be in, oh and hospitals. What is terrible is the subscription model for services. An absolute raid!
Thank you for sharing, very informative.
Typically, low risk businesses also have low reward potential as well.
I used to live in a building with a failed laundromat on the ground floor.
There are more videos on print-on-demand than people making money from print-on-demand!
In this year 2024, and taking note of what is happening to the economies of the USA, Canada, Australia, New Zealand regarding private and commercial real estate, it is an area that I would steer clear of at this point.
Great insights! Starting an online business indeed offers lower financial risks compared to traditional brick-and-mortar ventures, making it an attractive option for aspiring entrepreneurs. Leveraging dropshipping and print on demand models can significantly reduce upfront costs and streamline operations. 💼
great video! what was the free open source shopping cart you used when you started?
Real estate. For sure not when world burns with wars.
Super speeches and presentation.
YOU FORGOT ONE THAT NEVER GOES OUT OF BUSINESS.................THE Liquor STORE!!! LOL!
Which coincidentally has better business when other businesses go down. lol
lol i know thats right
Great info. Thank u.
Fail, this one needs to !
I was a field service tech for Cummins Allison 852 Feehanville Drive Mount Prospect, IL 60056 they make money counting equipment (not the diesel people) however this is what ya deal with, half assed furbished parts and to top it of they told me not to do the preventative maintenance anymore at customer sites just run the vacuum a little bit and wipe down the machines. I was like "But that is gonna make the service call numbers go up and is >theft of service< WHY ? Well they wanted to keep selling new equipment every 3 years or so see ? With At Will I was fired,SAD HUH ? Country is in TROUBLE...
One long commercial who will win between other facts about his company
I my country all people have washing machines in their homes/ apartments.
AGAIN ANOTHER CLASS
❤❤❤❤❤thank you
Just because there are no statistics doesn’t mean that these businesses don’t have a high percentage of failure.
Which credit card processing do you use or recommend?🙏
Mr hacking I have a question, can you let me know how much time it will take for Green Card application. my adjustment of status application was received to USCIS on March 14,
2024.
Landlords and employees are the downfall of every business
Online is fine, but how do you get the clients to come to the site with out extra costs?
انت معلم اقسم بالله.🎉
يا سلام
Please add other days.
I'm interested... reminding myself
very valuable info, highly appreciated from South Africa, keep up the awesome Work...
Okay man but can you tell me how can I learn how to sell it online now
He can! He has a podcast and you can watch his other RUclips videos. He has a newsletter and he teaches classes. Follow him to learn. :)
But what kind of online store
@mywifequitherjob Are your courses Step-by-Step (literal pdf with s-b-s) instructions? I am 66 and not totally technologically challenged, but I do not have a natural acumen that naturally and intuitively knows what to do and connects the dots. One strength? I don't quit. I just need clear instructions and someone to whom I can ask questions. I can't afford to retire and I can't keep up a 12-hour a day j.o.b. much longer. Thank you for responding....I do hope I hear from you. I need instructions on how to get started and to get established. TY ❤
What do you use for a business address? Do you need a business address to have online store?
I recommend having a business address, even if it is just a rented Post Office box. I hate sites where you cannot see where the business is based. It's like, what are you trying to hide?
Liked. Subscribed.
So no expense starting a blog or RUclips channels even those you need internet access, phone etc?
How can you buy in bulk and resell
With employee as side to side businesses.
Do you need to register in Wash Dc to have an online business?
How do I sign up with RUclips to upload content and get paid?
This guy is cool 😎
I have just started store on Amazon under 300$ but Amazon is charging a lot of fee n I started loosing money
dont try to expand. I have been trying this for 2 years.... ton of money wasted. PPC, Ad fee. If I could go back 2 years ago I WOULD HAVE NEVER started in AMZ. Invest your money in the stock market or something.
I can attest that You can definitely lose money with a RUclips channel
I paid for a boot camp course that didn’t help one bit
Initially I bought an expensive Camera , other equipment
I bought way too much fashion and make up
I make next to nothing from Adsense
I did however make money from real estate
But that took many years
And I used my bricks and mortar business to fund My real estate investments
Self Storage isn't mentioned.
Thank you for this great content
I would like to start a online business?