How To Make 5 Figure Income: February 2010

Friday, February 19, 2010

How To Make 5 Figure Income Monthly


  Financial hardship is the most common dilemma suffer by people worldwide.  98% of the people accept it as a fact but do nothing about it.  Only a small minority of 2% population will take action to change their current situation and thus become successful and are set free from their lack of financial freedom.

  So how do we earn 5 figure income and enjoy a financial free lifestyle like the above photos?  The answer lies  in front of us now.  Lets ask ourselves, what are we using right now?  Yes correct, we are using the internet right now.  And do you know how many people in this planet are using the internet right now? Well its around 1.7 billion people using the internet worldwide.  Doing business over the internet is virtually boundriless.  That is our customer can come from any countries in this world.  No regulation or trade restriction from countries to countries.   Only some minor internet rules required.  What to sell, well you can virtually sell anything!  Ranging from ebooks, reports, travelling packages, physical goods like magazines, furnitures or you can even sell "a rotten apple" in ebay?  The limit is in you own mind.

   You maybe thinking, I do not have a product of my own to sell or I am not expert in setting up a website.  Well, there is no need to worry.  You can do Affiliate Marketing to start with.  Affiliate marketing is where you promote other people's product and earn a commission selling it.  There are tonnes of items in the internet to sell.  You can choose products of your own interest as its easier to promote if you have knowledge of the things you are selling.  We can go to places like Clickbank or Commission Junction affiliate products.  You just have to register with them and get an affiliate ID and you can then start selling straight away.  No need to create you own product.

  So, how can you make 5 figure income by selling other people's product?  Let us take this clickbank affiliate as an example.  You choose a product and promote it either by setting up your own website and driving customer to you vendor's website or you can use the sales page they have created for you with banners and links and emails promotion.  In clickbank, affiliate can earn commission up to 75%..  So for example if your product is $60. You will earn $45 per sell.  If one day you make 10 sells. $45 x 10 = $450.  $450 x 30 days equals to $13,500 per month.   Lets say you have 3 hot selling products selling at around $300 per day.  $300 x 3 = $900.  $900 x 30 days willl come up to $27,000 per month.  And that is a 5 figure income every month.  What kind of jobs in this world can you earn $27,000 per month?  Unless you are a top management or a professional, you simply cannot earn that kind of money.  Furthermore, you only need to work 4 hours a day compare to the 8 hours in a 9 to 5 job.   You worked 8 hrs times 5 = 40 hours per week compare to only 15 to 20 hours of that of a internet marketer.  which one do you prefer?


For more information, check out http://www.gohwuihion.com/ or 
http://bit.ly/bkUGbw

Tuesday, February 16, 2010

Cost of Living is soaring!

In this current economic situation, lots of people are trying to make more money by either getting a better paid job, doing extra hours in office to get overtime pay, find a part time job after office hours even sell their belongings to earn that extra cash.  As you can see, things are getting much more expensive nowadays.  Cost of living soar like space rockets.  For example one plate of economy rice costs around 4 to 7 Malaysian ringgit or $1.50-$2 USD.  They were used to 2.50 to 3 ringgit or $0.70 to $0.80 USD.

A person with an income of RM3k.  Will it be enough for him for the month?  Let us see.

Food                500
Car instalment   600
mortgage           800
insurance           250
petrol                200
utilities bills        100
Entertainment      50
Baby expenses  500
Total               3000

So as you can see, he virtually has zero savings every month.  So how can this average person retire when he has no savings each month?  If he has additional expenses for a particular month how can he survive?  More credit card debts?  Well, there is only 2 solutions.  First one is cut down the monthly expenses or second one is find more money!  Well, my blog here is to give ideas to normal people like you and me to try to come out from the box and release your earning potential and free yourself from this financial hardship and be able to conquer and spend your own time doing whatever your like.  Would all of you out there what this kind of lifestyle?  With no more worries about money, bills, expenses or even time?  So come follow my blog for updates and set yourself free from your current situation!   Good luck and see you soon.

Best regards
Goh
http://www.gohwuihion.com/