Monday, February 14, 2011

Money Now... and Savings for Retirement

By Jason Holland
Today, I want to share the story of someone who made that happen for himself.
PJ McClure, a member of our Internet Money Club and attendee at several ETR events, started his online business, centered around self-improvement coaching, a little more than a year ago. As "The Mindset Maven," this is just some of what he's accomplished so far:
  • 4,000+ names on his e-mail list
  • A 10-part video series for new subscribers
  • A regular e-mail newsletter
  • A published book, Flip the S.W.I.T.C.H.
He's also been partnering with some of the big names in the industry -- including Early to Rise, MaryEllen Tribby's Working Moms Only, and -- and moving into international ventures.
Not only that... PJ's online business made it possible for him to quit a six-figure job. (He brought in nearly that much from "The Mindset Maven" in his first year.) And he's just getting started.
What do you need to start your own "info-net" business?
Well, you need a lot of desire. And the motivation to keep working toward profitability.
(If you're not sure that you want to create a second stream of income from your own part-time online business... I advise you not to even get started.)
But money-wise... all you (or PJ or anybody who's ever done it) need is $39. That's it.
Here's how it breaks down:
  • Domain name - $10 a year
  • Web hosting - $10 a month
  • An e-mail system to build and maintain your subscriber list - $19 a month
That seems like a drop in the bucket when you consider the start-up costs for other businesses.
Franchises can costs tens of thousands of dollars. With a bricks-and-mortar store, you pay rent, utility bills, and salaries. And then you have to shell out thousands to stock up on inventory.
With an "info-net" business, you sidestep all those costs. You work from home. You don't have to maintain an inventory, because all your products are digital. And you can try out new marketing strategies and products at no cost to you.
So that's $39 to get started.
Once you have the system down, you can replicate your successful results over and over again... for that same initial $39 investment. Your first additional stream of income could lead to a second, third, and fourth. That's money you can enjoy now and save for your retirement.

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Thanx :)