www.Smart2ndIncome.info

Let’s Put A Few Business Models
To The Test.

THE FIRST SET OF BUSINESS TYPES:

These are business models that focus more on individual effort and personal responsibility.  Endeavors that will rely mostly on you and your own skills and abilities and work ethics. Let’s look at a few possible examples.

Were not saying that any of these is a BAD business. And we are not saying that any of these won’t generate income.  They have the most accessibility as easy entry, but in reality, most of these businesses are glorified JOBS.

So, what we are saying, is that these types of business just aren’t what we deem to be “freedom endearing”.   Let’s have a look…

  • Retail Stores & Restaurants
    • Lots of overhead.
    • Lots of responsibilities.
    • Lots of moving parts (chores & to-do lists).
    • lots of stress in relying on others to do good work.
    • Limited Growth Potential
  • Service Businesses (Contractors, etc.)
    • “If you want something done right, do it yourself.”
    • Lot’s of disappointment from unmotivated workers
    • Lot’s of customer complaints.
    • Limited Growth Potential
  • Professionals (Doctors, Lawyers, Accountants, Realty Agents, etc.)
    • If you drop-off, so does your money.
    • The “One-Man-Gang”!  You ARE the business.
    • Little delegative ability
    • Only a good secretary can save you from a mountain of chores.
  • Day-Trading
    • Lots of hours “Shackled” to a computer screen.
    • Lots of stress
    • Lots of risk
    • Roller Coaster profits and losses.
  • Online Marketing or Webstore development.
    • Lots of time invested just building websites and setting up systems
    • Constantly creating and testing campaigns.
    • Continually requiring the discovery, learning and keeping up with new, cutting-edge tools.
    • Duplication and delegation is very limited
    • A lot more work than usually “meets-the-eye”

These business models DO NOT adhere to
the critical 5 money principles we talked about.

THE SECOND SET OF BUSINESS TYPES:

Business models that focus on delegation, empowerment and a transfer of knowledge to others. Helping other people do for themselves, and reaping rewards because of it. Let’s dig into a few ideas below.
 
There is a limitation to these types of businesses, and that is the idea of CAPITAL.   Most people don’t posses the kinds of capital or cash flow it takes to do some of these kinds of businesses.
 
  • Real Estate Brokers
    • They Establish offices of individual independent business, where each independent business agent within, does their portion of a whole.
    • Highly Duplicative
    • Highly Delegative
    • Exponential growth
  • Inventors
    • Creating a thing that “other people” want to use in order to make money with.
    • Incredibly duplicative
    • Do the work once, reap rewards for a long time.
    • Exponential Growth
  • Suppliers 
    • Giving people products, so OTHERS can SELL things. Reaping a return even before any products even sell.
    • Immensely duplicative
    • Exponential Growth
  • Investors
    • Giving people money, so OTHERS can DO things. Reaping a return (ROI) in the form of interest.
    • Their money does the work instead of them.
    • Highly Leveraged
    • Duplicative due to abundance of time
 
 
These business models DEFINITELY DO adhere to
the critical 5 money principles previously discussed.

So, what is this industry, and  where does it stand?

The business we’ll soon talk about, is setup similar to a Real Estate Brokerage.

It has many similarities to a Realty Office, with a few important differences:

  1. You can think of your office as a virtual office.  You’ll be able to train and exchange ideas from the privacy of your home.
  2. You’ll be able to work alone, and on your own schedule (that you dictate), but you’ll have the support of a team environment that comes with years of experience.
  3. Instead of promoting Homes for Sale to an “End-User”, you’ll be able to promote something that has a CONTINUOUS aspect, which results in a passively arranged income stream for you.
  4. It is unique, because sales of products and services are not required for you to make money.  This is important!

 

This is all “fine & dandy” but there is still one thing that’s missing.

I’m sure it’s important for you to know, that a business you decide to go into, will actually have an audience for it.

Not only does a business model need to have the proper structure (the 5 principles) but, the industry it operates in, needs to be relevant and sought after.

Having a vast and hungry market for it is always a good thing.   But having a BONUS of being inherently Recession Proof is even better!

If you like the traditional model of
“Brick & Mortar” businesses,
and are okay with their limitations,
and huge time requirements,
we still applaud your entrepreneurial spirit.

But if you, you like the idea of
an easier way to earn a living,
continue reading WHY our business
will always be relevant and strong
in any economy.

GO

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