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In financial circles we often talk about wealth creation strategies and how to increase your retirement savings. The expectation from most people is to build wealth gradually for a secure retirement. This is the path designed by financial advisers and conveyed by the media. That’s because most people don’t have a lot to save or invest and creating wealth takes time. Even if your income is over $100k a year you probably struggle with the wealth creation idea. $100k really only supports your lifestyle, particularly if you have a family with kids and a mortgage to support. Can wealth happen online? It can and does. What happens if your income is $100k per month instead of $100k per year? Now that’s getting into some serious income and it may surprise you to know that many ordinary people are already making that sort of income with self employed businesses in network marketing. As far as wealth creation strategies go, a self employed business opportunity in network marketing is up there with the best of them. And it all happens online because a business conducted on the internet has no international boundaries. Let’s look at the benefits of an online network marketing business compared to starting up a brick and mortar type business. • Virtually no overheads. You can run your business from home without the need to pay for office rental. • A huge target market of over 1.6billion internet users and growing by the minute. In China alone, there are over 100 new internet users every minute. That’s 144,000 new users every day – just in China. • Little or no start up capital needed. • You’re self employed. Aka ‘the boss’. You make the decisions and control your own destiny. You get to choose how much time you want to spend with family and friends and when. • No employees to worry about. That’s a major overhead for most bricks and mortar type businesses so you’re way in front when it comes to controlling costs. • With the leverage of the internet you have the ability to earn an unlimited income. • Depending on the network marketing business you choose there is the likelihood of building a strong residual income. What other business will earn income for you when you’re asleep? • No formal education qualifications needed. Internet skills can be learned as you go. Of course there are drawbacks too, like any business. Creating wealth through an online business can happen but you need to approach it with a plan and determination like any business. You may be challenged with the technical aspects of the internet and the competition can be fierce. The greater the competition the more money you can make. If you’re in a market with no competition you can bet there’s no money in it. So when it comes to wealth creation strategies look for a self employed business opportunity in network marketing. I challenge anyone to come up with a better idea. If you know of one please tell me or leave a comment. Rob Bourne has been involved in the financial services industry for over 35 years. A practising financial adviser he now focuses on the need for people to be better informed through realistic and down-to-earth financial planning and education. The aim is to help people make informed decisions on financial investments and business opportunities through financial education. Visit Rob's website for more tips on self employed business opportunities and access to the Free Boot Camp series titled ‘Self Employed and Rich’ by clicking here
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