Diversify your business. You may use a lot of trial and error to determine which business ideas work the best, but doing so will let you discard methods and ideas that do not work in favor of ones that do. Try new business ideas or products to sell as you go. Don't put all of your eggs in one basket. Ten products that make $100 per month are more profitable than two that each make $300. If you seem to cap out at a certain amount each month on one product, add another to your repertoire.
I watched an episode of Shark Tank once where I was introduced to Major Robert Dyer. Major Dyer was pitching a new energy drink called The Ruck Pack Energy Drink. It’s not like the world needs another energy drink, but he was able to convince both Kevin O’Leary and Robert Herjevic, two of the investors on the show, to give him $150k in exchange for 20 percent of the company.
Think of websites as virtual real estate. The reason why website flipping has made many multi millionaires is because you are creating assets. Assets are things that make money for you without you having to do work. There are many different types of assets such as real estate, businesses, etc. But if you are website flipping, you are making money from the asset you created, but you are also making money from when you sell your asset.
Hey!, I’m just putting some feelers out there to see if there’s anyone interested in making a pretty substantial amount of cash in a short amount of time. Only thing this requires is that you have an active bank account or credit card in the US. No cash is required up front to start. Which means your account can be on a zero balance and that’s completely fine. There are different money deals that suit just what you want, contact firstname.lastname@example.org
Online savings accounts usually come with crazy good interest rates to help you grow your money faster (regular in-person banks can’t offer rates as high). We’re fans of CIT Bank and Discover Bank (among others) because their interest rates are often over 25 times the national average. That means the money in your savings account will grow 25 times faster than the pace it’s most likely growing at now. Really, though, you can’t go wrong with pretty much any online savings account that offers over 1.50% APY 🙂