December 10, 2007
My Four Simple Success Rituals... Take a Lesson from the
Success of Others... Is MLM Right for You?... Dealing with the
Holiday Crunch... and More.
** My Four Simple Success Rituals
By Adrian Newman, Founder of e-Wealth Daily
I'm often asked one simple question: "What does it take to
become successful?" Unfortunately, I cannot give a concrete
answer to this question, since success is measured differently
for each individual.
A success to Warren Buffett is probably a lot different than a
success to your next-door neighbor, for example.
But when someone asks me what I do personally to become
successful, I tell him/her that I rely on four specific things:
- I get up early in the morning.
Remember the old saying "The early bird gets the worm?"
Well, it's amazing how much more I can achieve by waking up early. By adding a half-hour to my workday, I can accomplish
a lot more and, therefore, become more successful.
Give it a try. Simply adding a half-hour to each day, five
days a week, will give you an extra two and a half hours to
focus on making money. Plus, the earlier you start, the less
distractions you'll encounter.
- I try and focus on one thing at a time.
I'm a natural-born multitasker and sometimes that gets me into
a little bit of trouble. I find that when I can focus on one specific task, Iachieve a lot more.
Some people are "crowd pleasers," meaning that they will
become a jack-of-all-trades so that they can please everybody.
While this might sound good in practice, I've found that
focusing on one specific item is the best way to achieve
success. In fact, the more you become an expert on one
specific thing, the more successful you'll be at achieving all
the tasks you have set out for yourself.
- Stay receptive and listen to everything and everyone.
I'm in contact with a lot of people each day. I hear some really
great ideas and I hear some ideas that might not work with
what I'm trying to accomplish. But the common denominator
is that I listen to everything.
If you shut your ears (and, in turn, your mind) to the
possibility of a good idea, you could be missing out on a
big-time success. Sometimes, the most far-fetched idea could
be the most profitable, if you just take a moment to listen to it.
- Patience, patience, patience.
I am not the most patient person in the world. But what I do
know is that it takes time to achieve success. Sometimes, it's
a few days, sometimes a few months. I try to do everything I
can to get the wheels turning on a moneymaking idea. But at
some point, I have to realize it's going to take time.
This doesn't mean that I don't put the pressure on. What it
does mean is that if I'm told getting something will take
three days, then I'll wait it out for those three days. However,
if it looks like it's going to take four days, then that's when I
start the "squeeze."
Remember, these are just my personal success tips. They
might not work for you, but give them a try. Who knows?
They could mean the difference between just getting by and
achieving super success!
** Take a Lesson from the Success of Others
By Doug D'Anna, the "Hundred-Million-Dollar Man"
A good mentor can take you by the hand and knock years off
your quest to achieve your life's biggest dreams. It can be
intimidating, stressful and difficult to start a new career or to
start your own business if you're a novice, so getting help
from someone who has already been through the gauntlet can
be invaluable.
Think about the people you have met or individuals who you
have heard about. Do you know somebody who you really
admire? Approach this individual about the prospect of
him/her becoming your mentor. It might seem silly now, but,
believe me, people do this all the time and it is a great way to
get your hands on information. A mentor could help you find
success and wealth.
The mentoring process should take some type of organized
approach or you will never benefit from the information you
receive from your mentor. In order to be successful, both
parties must recognize the following aspects of the
relationship:
Accepting the Role: A mentor needs to understand his/her
role and be able to commit appropriate skills and knowledge
to helping you excel. If they cannot provide this insight, then
they would be better to refer you to a colleague who you
could establish a more effective relationship with. They also
need to agree that they have adequate time to support such
activities. Make sure you clarify your needs to your
prospective mentor before you initiate the association.
Initiating the Relationship: There must be willingness from
both parties to establish more than just an initial meeting.
This isn't a journalist's interview. It is a long-term attempt at
effective communication and the nurturing of business
processes and personal guidance.
Establishing a Climate of Support: You are learning the ropes
here. You need to understand what is expected of you, in the
eyes of your mentor. He/she will not just willingly give you
help in return for nothing. They expect to see some progress,
some growth on your part. It would help to set out some tests
at task level. What I mean by this is that when they teach you
something, discuss how you will apply that knowledge in a
practical way and let them help you measure your success.
They will then be able to give you constructive feedback and
you can move on from there. Make the relationship
reciprocal; it's not supposed to be a one-way communication
feed.
There are some strategic questions you can put forth in your
initial interview with your prospective mentor, after you
have introduced yourself and expressed your intentions.
They are designed to help you understand whether or not the
mentor's knowledge and direction will fit well with your
needs. I'll reveal these to you on Wednesday.
** Is MLM Right for You?
By John Hurd, Chief Wealth Researcher
In my research, I come across dozens of moneymaking
opportunities almost every day. Some may be creative ways of
personal financing and money management. And there are
others that are actual business and networking ideas that come
with the promise of making you a lot of money.
One such opportunity is known as MLM. If you haven't heard
the term before, MLM stands for Multi-Level Marketing. Most
often it involves opportunities where you receive sales
commissions based on recruiting new sales people and often
for selling a product or service as well. These opportunities
come in all shapes and sizes and are far too numerous to name
here.
I was at a conference recently where Donald Trump was taking
questions from the audience. One lady took the microphone
and asked what Donald thought about MLM opportunities. He
said he thinks they are great.
I do agree with him, but I also offer a word of caution. MLM
can take a lot of work and you really must be a people person.
There are plenty of benefits to this type of marketing and
selling; you get to meet new people, you have the possibility of
setting your own hours and you may even determine your own
success by the level of commitment you put behind your work.
If you?re a busy person and you find yourself meeting new
people all of the time, an MLM opportunity could be
something worth looking into. However, if you find yourself
not comfortable with the idea of networking and always
looking for new contacts, I'd recommend you look elsewhere.
Before you jump into any MLM opportunity, make sure you
research the company, look at its history and find out
everything you can. If possible, talk to other people who are
also in the same MLM network. Get their thoughts and ask
them about how many hours they find themselves working and
if they are finding the financial success that they hoped they
would achieve.
MLM could be your key to success, but make sure you
understand the path you?re venturing on before you set the
wheels into motion.
** Dealing with the Holiday Crunch
By Michael Newman, the "Money Finder"
Last weekend, I braved the cold and the crowds and got down
and dirty to do a little Holiday shopping. Thankfully, I was
able to get most of it done between Friday night and Sunday
afternoon, leaving me with a relatively stress free December to
now look forward to.
When I was out, though, I was experiencing bedlam all around
me. People acting rudely, pushing, shoving and staring down in
shock as they signed away their savings on the latest gizmos
and gadgets to be wrapped up and given to their loved ones. It
became clear to me just who had and who hadn't set budgets
for their holiday expenditures.
Knowing exactly how much you plan to spend before you
leave the house for the shops this holiday season is essential to
ensure you don?t lose your mind -- and your savings -- when
your credit card bill rolls through the door in January. Here are
a few tips to help you make the most of your money this
holiday season:
- Take out your bills from last year and look at just how much
you spent. Now, try to look at any possible reductions you can
make so that you're a little easier on your wallet this year.
- Next, encourage the people you buy for to give you a wish
list, so you'll know exactly how to prioritize and allocate your
spending. The list is also helpful because it limits the amount
of "browsing" you'll do, thus avoiding impulse buys.
- Try to limit your reliance on credit. Stopping at the bank
machine on your way to the malls is a great idea. This way,
you're only spending the money that you have and not
increasing your debts.
- Also, be on the lookout for deals. Lots of stores are offering
savings for holiday shoppers, so be sure to get to them early so
you get everything on your wish list.
|