Business

Investing For The Average Joe

Investing For The Average Joe

 

In this article I will discuss what average Joe’s can do to set themselves up financially. Or more to the point Investing For The Average Joe. I have had an interest in investing for years now. Working with property investors in one of my past roles I quickly came to realise just how many of us are not set up for retirement. It used to be a case, before my time, of work your tail off after school, stay in that large corporation for 40 years and get a pension. The pension was set to last until they left the Earth.

Sadly the stats show the majority of baby boomers are ill prepared for retirement. In fact I recently heard a statistic that one in three Baby Boomers have $1,000 saved when getting to their retirement.

A myth regarding money and investing is that you need a tonne of money to invest and make any money.

If you look at people that have won the Lotto, or top sports personalities or movie stars that are on incredible money. Often five, seven or 10 years later they have nothing. I mean look at Mike Tyson he’s a prime example. The boxer earned over half a billion dollars income and then ended up bankrupt. Michael Jackson, ‘The King of Pop’ was bankrupt just before he died.
One common thread I’ve learnt reading about the world’s top investors is being consistent and putting away money over time. Warren Buffett said in an interview 3 reasons he has successful was one) He grew up in the USA with so many opportunities. Two) He had good genes and lived a long life, and Three) compound interest.
The wealthiest and financially savvy preach if you are able to put away a percentage of what you earn, overtime that will compound even if it is a small amount. Say  5% of what you earn, overtime compounding that will turn into 15 percent.
If two people 35 years old invested $100,000 receiving 7% return over 30 years, that would equate to $574,000.
However fees should also be taken into account, it is shown that most people do not understand the fees that mutual funds charge. Most believe they are only getting charged 1%. However a majority add on up to 17 other “costs” equating to an average of 3.17 percent.
In an interview I heard with Tony Robbins he talked about investing in a Vanguard 500. Which is the top 500 companies. Doing so you would only pay 0.17% fees as opposed to the more popular option of managed and the 3% fees. Taking this suggestion and comparing it to the example of two 35 year olds investing $100,000. That final figure of $574000 if you were paying the three percent to an actively managed mutual fund would charge your final figure would to $324000 or 77% less money & the only difference is the fees.
An example of compound interest working overtime was a UPS courier driver by the name of Theodore Johnson. The guy had never made more than $14,000 per year.  Yet he committed to putting away 20% of his pay on automation. In his later years his net worth was over $70,000,000.
This is an extreme case of committing pay to saving most of us could not even put away 10% of our income. However the example shows that overtime compounding interest on investment can and will add up.
Tony Robbins has written a book interviewing 50 of the most financially savvy investors and hedge fund managers, spending 3 + hours with each of them. He then narrowed the list down to the top 12 and took the cream of those interviews and put them into a book. The book is titled Money, Master The Game, 7 Simple Steps To Financial Freedom. Checkout moneymasterthegame.com for more information.
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Ryan Billy Tate

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Automation

Four Common Mistakes Made By Affiliate Marketers

You would find it very hard to source a more profitable and gratifying way to make money online than affiliate marketing – promoting someone else’s product for a commission. Having most of the hard work done for you already allows you to focus on money-generating activities like building your list, driving traffic and obtaining sales. Affiliate marketing gives you an unlimited earning potential and has, in fact, created many internet superstars.

Of course, affiliate marketing does take skill, knowledge, and a strong determination to succeed. If you think that you will become an affiliate marketer today and be a gazillionaire tomorrow, you are sorely mistaken. However, if you are serious about building a solid business in the affiliate marketing industry and do your best to avoid some common mistakes that can derail your progress, there is no reason why you cannot do just that.

So, what exactly are the activities that you want to avoid? Below I’ll touch on some of the most common blunders that newbie affiliate marketers make so you can keep clear of them.

1.) No List

Your list is probably the most important tool you will ever have as an affiliate marketer, and yet, so many people neglect to build one. Yes, you can make one-time sales by driving traffic directly to a sales page, but what you want is to be able to make numerous commissions from each and every customer. Having a list, especially a ‘buyers list’, allows you to nurture and grow a profitable relationship with people who will look to you for information on the best products available in your niche.

2.) Commission Based Focus

Yes, it is wonderful to find products to promote that have very high commissions. In fact you can find tons of products that pay out 100% commissions, but be sure that you are only promoting excellent quality items that help your subscribers instead of only looking at your potential income from each sale. Becoming someone with a reputation of recommending inferior products only to make a sale will hurt your reputation in the long run and you will find that as time goes on, you will be making less money instead of more. Below is a link to the most valuable company, both income and self helping I have come across Link To 7 Part Video Series

3.) Being A ‘Seller’ Instead Of A ‘Helper’

Jay Baer, marketing consultant, speaker, & best-selling author said, “If you sell something, you can make a customer today. If you help someone, you can create a customer for life.” As an affiliate marketer, your job is to let the sales page do the selling and instead, be a connoisseur of expert advice and information pertaining to our niche. When you act more like an honest reviewer of products instead of a salesperson, you are more likely to gain the trust of your followers and in turn, make more money in commissions.

4.) Shiny Object Syndrome

While having several promotional products at a time is not a bad thing, it is possible to have too many irons in the fire when it comes to affiliate marketing. Be sure to have enough time and energy to focus on the things you have going on right now without getting distracted by the next big launch that is inevitably going to come along in the middle of your current campaign. Being an affiliate marketer required constant focus and self-motivation. The ability to see a marketing campaign through to its completion will be a valuable skill to you in your affiliate endeavors.

These four mistakes are common throughout the affiliate marketing industry. Make it a point to avoid these pitfalls and give yourself a more probable likelihood of being successful in your marketing endeavours.

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Automation

MARKETING TERMS FOR NEWBIES

MARKETING TERMS FOR NEWBIES

I have been marketing online for some time & looking back it has been a very steep learning curve. In this article I will shed some light on Marketing Terms For Newbies . The great thing in the “laptop lifestyle” community is peoples willingness to help others. We were all “Newbies” at some stage. No-one just hopped online and had an instant following, were able to give massive value and in turn make bucket loads of cash money…despite what some will try and tell you.

The reality is you need to put the time in, learn systems, realise shortcuts, use the knowledge of people around you, that have done what you are striving to achieve. The other analogy I like to use is; think of a baby, crawling, then slowly standing sometime down the track, small steps are then taken, along with falling many times on it’s nappy bottom. Before long that little bubba is walking around on its own and then eventually running all over the house and yard.

Below is an index of marketing terms for newbies that if you are getting into this space you will see bandied around a lot. If you are currently working with me online feel free to add terms to this list in the comments below then I will add them to this post..our newbies need us!!!👈

MARKETING TERMS FOR NEWBIES

ASKHOLE: A person who constantly asks for your advice, yet always does the opposite of what you told them.😂

AFFILIATE: An individual who promotes products or services for a merchant like Six Figure Mentors, in exchange for receiving compensation for their sales

AFFILIATE LINK: A link provided to you by the merchant like Six Figure Mentors that includes a unique tracking code specifically assigned to you for the merchant to track the sales you have generated.

CLICK: This refers to someone who clicks on your affiliate link that takes them to the merchant’s website. *Clicks and leads are not the same thing* ✋hand to face

PROSPECT: an individual who you have contacted via organic (free) traffic methods and whom you ask specific lines of questioning to qualify them for your offer so they become a targeted lead.

LEAD: an individual that expresses an interest in your goods or services. *Your leads are your emails and phone numbers that you receive from your clicks*

SALES FUNNEL refers to the buying process that customers go through when purchasing products. A sales funnel is divided into several steps…in your case it’s a landing page, sales page then order page

PAID TRAFFIC: this comes in many forms but is basically when you pay to get visitors to your link ..example would be PCC- pay per click

FREE TRAFFIC: also know as time consuming traffic… is when you you get visitors to your link through social media, SEO, YouTube, forums, blogs, etc.

CPC (Cost Per Click): Cost of an individual click when paying on a per click basis. (paid traffic)

OPT-IN-RATE: The percentage of people who subscribe to your mailing list out of the total number of people who were presented with the opportunity.

CONTENT MARKETING: is the marketing process for creating and distributing relevant and valuable content to attract, acquire, and engage a clearly defined and understood target audience

NICHE: A specific topic or vertical. Example – if you own a site about dogs, then your niche would be dogs – as well as pets in the broader definition of a niche.

Add on from comments:
SEO: Search Engine Optimization. The practice of optimizing your website to get it to show up higher in the search engines for specific topics and keywords.

AUTORESPONDER: Used to store your email list and send out automatic and manual broadcasts. They help you automate your campaigns and manage communications with your recipients.

OFFER: The program, business, product or service that you’re promoting. e.g. ‘send traffic to your offer’

ROI: Return On Investment. The Return should be greater then the investment put into achieving the returns.

VALUE: something you provide to a prospect, lead, or signup that may help them to succeed, this is not always monetised, value often comes in form of useful information in video or text form (i.e. this post)

If you found value in this, please like comment or share.

Have a productive and fun day.

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If you enjoyed this article & you believe others would benefit please share.
Ryan Billy Tate

Main Blog: RyanBillyTate.com

Six Figure Mentors Membership: Six Figure Mentors Elite+ Member

Online Sales Pro: VIP Member >Click Here For Demonstration Video<

About Ryan Billy Tate

>Click Here To Learn More About Ryan Billy Tate<

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Connect With Ryan On Pinterest
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