Money Making Ideas

For the next of many money making ideas, we are going to make smoothies.

Gather together about $2,000. If you don’t have that kind of money,
get a job (or a second job), and save it. Then, once you have the
money, buy yourself a stand, a few blenders, five hundred paper cups, a
couple chairs, and a giant stack of paper. Now, if it’s not spring yet,
wait for it. Until then, keep saving money.

Buy Microsoft Word if you don’t have it already, and make a flyer. Be
sure to make big bold letters for the name of your store, and include
your phone number. Pick any name you’d like, but use your common sense.
After you’ve designed it, print off fifty copies.

Now comes the fun part. Go to every restaurant and strip-mall in your
town and ask if they would like a smoothie stand out front. This is
where your salesmanship comes in. Tell them about the benefits of
having smoothies outside to attract traffic passing by, and explain to
them that smoothies will be especially desired during these hot summer
months. Remind them of the fact that a large amount of traffic in your
smoothie stand will increase the amount of customers for that store or
restaurant. Now, this will be a difficult sell, so you may have to go
to a whole lot of restaurants. If you run out of your fifty copies,
print more and keep searching.

When you’ve found a place, decide with them on a date for your grand
opening. Go back to Word and make a new flyer. Make it similar to the
one you had last time, but put the address of your location above the
phone number; also, be sure to include the words “GRAND OPENING” with
the correct date underneath. Print off five hundred copies.

Take these flyers and go post them all over the town, put them
everywhere. It may help to get some of your friends or family to do
this with you; if you have a lot of money, hire some help. Put them
everywhere until you run out. Go home and rest. Don’t be frustrated
over the number of flyers that gets torn down. Most of them will be.
It’s the ones that stay up that make it worth it.

The next day, decide on a menu. You’ll want to keep it simple at first;
have maybe two or three items. Make sure they have common ingredients;
don’t have three items with all different ingredients. Print up a menu,
and glue it to cardboard. You’ll need some tacks, too, to post the menu
up on your stand.

A couple days before opening day, you’ll want to go buy fruit and
whatever other ingredients you might need, such as soymilk, orange
juice, or ice cream. Don’t wait until the day before, because you might
not be able to find the ingredients in time. You want an extra day for
safety. Don’t worry; fruit doesn’t rot in two days.

Finally, have your grand opening. It may help to have some music you
could play, but make sure no-one could be offended by it. Try to find
circus music or upbeat melodies without words. If you can’t get music,
don’t sweat it.

Congratulations! You should make more money than you probably
anticipated, unless luck isn’t on your side and rain comes. Oh well if
it does. Try again the next day. You’ll want to keep your smoothie
stand up as long as you decide, but be sure that you are saving at
least ten percent of that forever!

Yes, many of us have heard of multi-level marketing companies as a type of money making ideas, otherwise known as MLMs. Often, they are disguised as “direct sales companies,” but usually they are the same thing. There, unfortunately, is a bad stigma associated with MLM companies. While it is true that the vast majority of them will give you the feeling that you’re being scammed, there are some good ones and it is a legitimate business opportunity, in some cases.

Going over how to choose an MLM, how to start making a fortune with MLMs, and what MLMs are is the purpose of this article.

When you start in an MLM, you usually purchase a package. Sometimes this package includes inventory, sometimes it is simply a membership fee (similar to what you would pay at Costco or Sam’s Club), or other times it is the product that you are buying.

In an MLM, you are supposed to use the product, love it, and want to sell it to other people, all because you love the product so much. However, this is not the case for the vast majority of MLMs. Usually what happens is that the company preaches the opportunity of making a fortune, not the product. So, assuming you have found a company that preaches the product, your next order of business is to sell that product.

Selling the product

First of all, what you should not do is what many MLMs recommend: selling to your friends, family, and neighbors. Usually, if you are in an MLM, it will not be your only one. People who join MLMs usually join several in their lives, and when you consistently try to sell to your loved ones your products, your loved ones tend to get annoyed; they get the feeling that you are “just trying to sell them something.”

What you should do is go door-to-door; this does not literally mean door-to-door necessarily, but it can. A more official term is outside sales. This means that you will be trying to sell people who were not looking for your product in the first place; it is selling without a lead. This is very difficult, but if you persevere, read sales books and practice what they teach, and believe in your product, you should have good results over time.

Recruiting

Notice so far how you haven’t said anything to anyone about joining the company and selling with you. Of course not – your mission was to sell the product. Your mission is always to sell the product. Now, you can start telling people about joining you in selling the product; of course, you only want to start this once you’ve gotten a knack for selling the product. A lot of people will join you – even more than you expect. But, very few people will stay with you. However, just keep selling the product and training others to sell the product, and, once in a blue moon, somebody will stick around and truly help you sell the product. This is the essence of multi-level marketing: increasing the core and building the business. You will continue to add to this core as time goes on. You may have to hire a secretary – that’s good. You want your followers to be strong and numerous. Slowly, but surely, you will start to acquire a steady stream of income from the efforts of your followers. That is how you make money with multi-level marketing.

But, don’t ever forget that your focus is on selling the product, not recruiting people. You recruit people so that you can sell the product better. If you remember this and stick to it, you are sure to succeed.

The Chartered Financial Consultant’s license is a financial designation awarded by The American College. It is a very difficult and very well respected designation. It is comparable to the Certified Financial Planner (CFP) designation, but there are some differences. The CFP requires one to pass six core courses and then pass a comprehensive financial exam which takes ten hours to complete. The ChFC requires one to pass all six of those core courses (seven starting October 2009) and also pass two elective courses. There is no comprehensive exam for the ChFC. The CFP requires that one have a bachelor’s degree, but the ChFC does not. Therefore, the ChFC is open to more people than the CFP is, and it is arguably just as good.  It is a great one of several money making ideas.

What does a ChFC do for you?

ChFC can get your foot in the door to a lot of different financial jobs, all of which will certainly pay you more than you would get elsewhere. The salaries earned by newly awarded ChFC designees are comparable to that of starting college graduates, but tend to move up much quicker. With a ChFC, you can start your own financial planning firm. It is recommended, of course, that one gains experience to gain credibility before attempting to start his or her own firm, but the option is available.

The ChFC core curriculum

The ChFC curriculum is composed of six core courses and two electives. The six core courses are in-depth studies of seven different topics, namely: a financial planning overview, income tax, employee benefits, retirement planning, investments, insurance, and estate planning.

Financial planning overview – includes topics such as developing rapport with clients and basic financial calculations.

Income tax – how income tax is applied to various types of income: earned income, which is taxable at approximately fifty percent; portfolio income, which is taxable at approximately fifteen percent; passive income, which is taxable at approximately zero percent.

Employee benefits – deals with things such as medical and dental insurance, stock options, retirement plans, and bonuses

Retirement planning – an overview of employer sponsored and self directed retirement accounts, how to create them, and how to use them.

Investments – an overview of the various types of financial investment vehicles such as stock, options, bonds, futures, etc.

Insurance – an overview of risk and risk management, government insurance, life insurance, medical insurance, property insurance, and liability insurance

Estate planning – discusses ways in how a person can set up his or her estate to pass it on to whatever person or organization he or she wants to receive the estate and how to protect the estate from heavy government taxation.

The ChFC core curriculum is something that everybody should know; it is a mystery why it is not taught in schools. All of the subjects are very applicable to everyday life. But, only the people who study this stuff on their own know this information, and they get paid heavily for it. Do yourself a favor and earn your ChFC from The American College. They have a fast track plan that allows you to get your designation in a maximum of three years, but less time is very likely, depending on how fast you work.

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