WHY THE RICH GET RICHER AND THE POOR GETS POORER

In some parts of the world, some people work for a fortnight or monthly pay check, which they need to survive. But, it is high time, individuals allow their money work for them rather than labouring so hard to earn money.

When you have money working for you, you wouldn’t be afraid of any restructuring, disengagement or re-engineering exercise, whatever name the employers’ choose to call it.

Again if you have money working for you, the current global economic recession or financial meltdown as it may also be called, may not be a major concern to you. It’s just a matter of having assets surpassing your daily expenses rather than incurring liabilities.

Certainly, you would be referred to as a wealthy investor or entrepreneur, when the money you are earning from your investments and businesses are in excess than your liabilities, then money is working for you. At that stage, money begins to go errand for you.

Unfortunately, some individuals in the middle class are financial illiterates, that do not understand what it takes to make or create passive income from other streams of wealth jackpot. There are so many online business models aspiring entrepreneurs could actually take advantage of on the internet. Examples include Earning Revenues from parked domains – click http://tinyurl.com/pxmb27; http://tinyurl.com/ozrmog; http://tinyurl.com/ozkdxo; http://tinyurl.com/qd9ol6; http://tinyurl.com/ozm76m; http://tinyurl.com/pzysm5; http://tinyurl.com/qrhqy2 Bulk Sms business, Website designing and hosting and a host of others.

They engage themselves in the vicious cycle of rat race. To them any increase in pay is meant to be spent gallivanting, acquiring luxuries. They value buying latest electronics, getting another car, keeping a mistress or more, moving to a more tastefully furnished apartment owned by another person instead of investing in wealth opportunities. And yet they will be the ones to agitate and carry placards for pay rise, better welfare packages etc from the employers’. This class of people prefers working extra hours of overtime and spending more than what they earn, and they end up Just-Over-Broke.

The surefire route to breaking this vicious cycle of rat race is increasing our cash flow, not spending more than our earning and accumulating liabilities, in the name of enjoyment, but investing in viable businesses.

Some of us may have started as an employee but the truth is we don’t need to remain too long there, without considering being an entrepreneur – and investing in your own business.

This is why the Rich and Wealthy keep getting richer and the poor gets poorer, because they understand the difference between assets and liabilities, and they are financial gurus.

The following tips should be applied towards achieving Financial Abundance, though they are not limited to:

1. Avoiding Credits

Everyone, companies are offering free credits or equity financing. It may seem appealing to pay installmentally over a number of years. But, you end up adopting a lifestyle of debts from purchasing liabilities, instead of investing in real estates, stocks, owning a profitable online business like Domain Names Investment.

2. Reading Financial & Money Management Books

I get inspired reading books by Robert Kiyosaki like Rich Dad Poor Dad, Retire Young and Retire Rich. There are other good money management books at our disposal. Go ahead read them and be wise in your finances. You may also attend wealth seminars and workshops on entrepreneurship.

3. Making a decision to be an Entrepreneur

Having a business means owning a system that generates income regardless of whether you are there or having your vacation somewhere in Obudu Cattle Ranch in Nigeria, A Cinema, on the sandy beach in Kuramo, Nigeria or Miami, U.S.A

As an Entrepreneur, your money works for you and you wouldn’t have to be afraid to sack your employer before he/she does that to you. How long will you continue to be an employees that works for money? Visit: www.domainentrepreneurs.blogspot.com for only numerous online genuine and legitimate businesses you can invest in with almost zero capital, and which can be done part-time – in the office during lunch hour, from the comfort of your home, or even full time, with your laptop or from a cybercafé.


Livingston Obasi, is a domainer with some money making sites to his credit. He blogs on information about domain names business and online entrepreneurial tips for internet newbies on www.domainentrepreneurs.blogspot.com and also owner of:
www.funkyadults.com
www.bailoutbondsoffer.com
www.digitalphotomarketer.com
www.your-car-insurance.info
www.investmentschief.com
www.networking-sites.com
www.globalrecessionupdate.com
www.naijadatingservices.com
www.freegamescentre.com

How to make money with Domain Pay Per Click Parking

There are a lot of ways you can make money with domain names. Essentially all you do is take the Domains and point them to one of these parking companies. Here http://tinyurl.com/r7qptb

They are all free to use, that means you don’t even pay a fee for hosting. All you need to do is buy a domain with Targeted Traffic, point it to this parking service company like http://tinyurl.com/r7qptb that has amazing software that will basically build a website automatically for that domain and optimize the adverts that are shown on the domain to produce the most revenue possible.

Each month the results, click-thru rates, conversion rates and revenue gets better for the amount of traffic it has.

Remember, you have to buy a domain name that has value and specific purpose. The search engine companies like Google, Yahoo, Msn supplies the adverts to your domain names. You need not bother how they will do that, you simply wait for your cheque at the end of the month depending on the Parking company you registered with and how much you have made.

For further enquiries email me at: livingston.obasi@gmail.com

Selling Informational Products/Digital Publishing

Do you know that anything you know can sell as information and you make profits?
Yes, you can publish any type of informational material with zero naira cost and then make 100% profit selling it online.
Gone are the days when you will have to go through a dozen publishers and editors and then organize a book launch for your book. Now you can publish an e-book of more than a hundred pages without spending much. And with one of such books online you could be making a fortune.

So what can you write about?
You can write on any area where you have specialized knowledge, perhaps in:
Debt Recovery
Finance Management
Management Consulting
Events Management
E-payment Solutions provider
Daycare Centre Management
Restaurant Management
Catfish farming
Snail Farming
Dating Counselling guide
Poultry Management
Forex trading
How to secure educational scholarship
How to secure visa stress free
Export and Import Guide
Laptop Repairs
GSM Repairs
How to Invest Real Estate
And so on and so forth.

You will be amazed to see there are a number of people online who are willing to pay for the information and knowledge you have. Now get your calculator. If you sell this your e-book which cost you nothing to publish, besides what it cost you to acquire the knowledge, for let’s say N5, 000.00. if you end up selling just 500 copies every month; figure out how much you would be getting!

Turning Yourself into a Product/Service

You may be wondering what I mean by this.

A lot of people are starting up online businesses, and there will be an increasing demand for some web based services.

In case, you don’t know most online information marketers could be so busy with their businesses, and may decide to outsource some of these jobs to people like you, who are prepared to do the jobs.

These are the services you can offer and make money online, though they are not limited:
· Website Designing and creating Mini-site
· E-cover designers used for e-book marketing.
· Data Entry and typing
· Proof reading services
· And so on……

Now, your investment might just be the time and money spent in acquiring the skill(s) and thereafter you start earning massive income every month from the comfort of your home with your laptop/desktop or some 2-3 hours work in a cybercafé.

You can even visit sites like www.eufreelancer.com; www.guru.com etc

How to Pay for Online Services from Nigeria

Do you know you can actually pay for online services from Nigeria with a U.S Address even when, you have not gone close the Airport before?

Of course, it’s possible. You can safely and securely operate a non reloadable Visa debit card from Graphcard.com as a Nigerian.

Graphcard

Let me personally introduce Graphcard to you. They are a web payment solutions provider offering e-payment services to Nigerians.
They offer a virtual address U.S address for using their service. That is, they will assign a personalize U.S. address to you.

With graphcard, Nigerians can pay for some online services with the Visa card that will be issued to them and also receive foreign checks from their affiliate programs and online businesses, even open a clickbank account without having a domiciliary account.

So the first thing is to open a graphcard account and register with them as a Nigerian. It’s free to register. You either choose a personal or merchant account. Check them out: http://tinyurl.com/oye3lu

Once, you open your account, you will see that graphcard offers you the ease to shop online and make money too.

FUNDING YOUR GRAPHCARD ACCOUNT
For you to fund your graphcard account, you will need to also register and open a free account with http://tinyurl.com/qolr9z


, and you will be required to make your cash deposit for funding your account into their UBA account anywhere in Nigeria.
Upon confirmation of your deposit, they can now fund your graphcard account, and then you can start shopping online.
Graphcard account looks like this:
LFR Communications Inc
P.M.B 5680, 8101 Sandy Spring Road
Suite 220,
Laurel,
MD 20707
U.S.A

All graphcard address looks like that. The only difference is the P.M.B that is only assigned to you.

Domain Names (Internet Real Estate)

Domain names are just like lands purchased at relatively cheap prices and allowing it to appreciate in value before selling at a very high profit. Or even building on it or letting it out for a recurring income in the form of rental dues.
Yes, no wonder, it is also called Internet Real Estate.
But domain names are bought and used online for several reasons:
You can buy and sell it off at your own favorable price or when the value appreciates. Registering a domain name starts from $6.99 - $9.95 at present depending on the registrars.
You can also decide to park your domains with some adsense adverts that can be handled by any of the reputable parking companies online and make some money too.
You can even decide to build/set up a website with it and sell your products on your website.
Now this is one interesting way to make passive income from your domain names. It is called Domain Parking.

DOMAIN PARKING
It allows owners of domain names or website address to display customized pages for their names. When visitors arrive at these sites, they are shown targeted advertising related to the domain name and keywords. Users can click through to those advertisers’ sites, and the domain owner can earn money.
In other words, it has to do with registering your domain names. I use http://www.nicheaday.com/ to know the most searched keywords/niche and how much advertising bids is placed on the keywords before thoughtfully creating domain names around such keywords. The cost of registering a domain name differs from website. Foreign Domain registrars you can check out include but not limited to the following:
http://www.netfirms.com/
http://www.godaddy.com/
http://www.dynadot.com/
http://www.bluehost.com/
Or better still, you can also check out any of the hosting companies in Nigeria, but ensure that you are getting quality service from any of them in terms of customer service and quick response time.
There are many advertising companies online like google.com, yahoo.com msn.com etc that are ready to pay you to advertise on your website or blog. This is not adsense program.
Domain parking is free. You are only required to have a memorable and niche targeted domain name that can generate traffic, preferably not more than two word phrase.
Companies like Google.com, Yahoo.com, and Msn.com will supply the adverts to your domain name. You don’t even need to bother how that will be done. That is the work of the parking companies. You just wait for your cheque at the end of the month or 15th day of the following month depending on the parking company you registered with, and how much you have made.
You can check any of the parking companies below and sign up for free.
http://www.parked.com/ - You must register a minimum of Ten (10)
domain names to be accepted here.
http://www.afternic.com/
http://tinyurl.com/r7qptb- You must provide an email address from your
own site to be accepted here. This is because, you need to confirm the email address you provided in the course of signing up in their site. And certainly not with free email accounts like gmail or yahoo mail accounts.
http://www.goldkey.com/
The whole process doesn’t take time, depending on the speed of your internet connection. After that you are done with the set-up process of your automated income machine. At the end of the month, your cheque is sent to your address (which must be secured).
Visit these sites below to see what domain parked sites look like:
http://www.globalrecessionupdate.com/; http://www.your-car-insurance.info/; http://www.humanresourcesconsultinginnaija.com/; http://www.automatedcashengine.com/; http://www.bailoutbondsoffer.com/; http://www.digitalphotomarketer.com/; http://www.networking-sites.com/
Any name you register must:
1. Be easy to pronounce and understand.
Your potential visitors should be able to spell, understand and remember your domain name.
Consider your target niche market, since they are the visitors who certainly will bring in traffic to your website. When choosing a domain name, you will typically want to register a dotcom (.com) because it’s the easiest to remember. You are also at liberty to protect your website by registering the other extensions like .net, .org, .info, .tv etc
Be Search engine friendly
Consider registering your domain names by using the best keywords that define your niche. Search engines tend to locate and rank websites more easily when the domain name is keyword related.
Ensure you keep it simple, short and be creative as much as possible.
3. Be Unique
Your domain name should be descriptive and reflective of what your site or your online business is all about.
4. Be easy to outlive and grow with.
When choosing your domain names do not limit your usability and applicability of the name to the short term. Choose a name that will give you rooms to expand and still work several years to come. For example a domain like http://www.meandyou2009.com/ might lose its traffic after year 2009 and beyond.
Note: Avoid registering domain names that are trademarks of other companies, because you will be attracting legal actions from their representatives.

Expired Domain Names
Another good way of finding unique names for your personal or business use is through the secondary market – by going through the list of expired domain names and backorder it at a cheap price.
But ensure, you consider the traffic on the sites, before buying such domain names. Check http://www.alexa.com/ to see the volume of traffic the site has, and then backorder it. Perhaps, you want to know the details of the owner for possible negotiation, click on http://www.whois.com/, and search through, you will find the information needed.
Sources claim that about 70,000 – 90,000 domain names expire daily without the owners renewing them for reasons best known to them. Listen to this – that domain name is yours for the period of registration which is usually One (1) year. At the end of One (1) year, you are expected to renew that domain name. Failing which someone else might just go ahead and register the domain name and you will not have any legal claim to it. It is possible for you to register a domain name for less than $10 and resell it far higher than what you paid to get it. Getting such domain names are good avenues of earning $1,000 and above monthly as income from parking the domain names.
Rick Schwartz, who is called the Domain King, because he earns $2,000,000.00 annually in passive income from his domains, was asked “if you were getting involved with this today, what would you be doing?” He answered, if I had no money, like I had no money when I got into this before, that’s what I would do. I’d be going in and buying domains for really cheap and turning around and flipping them, making $500 - $1,000 a pop”.
You can check out the following sites for expired domain names:
http://www.justdropped.com/, http://www.afternic.com/, http://www.sedo.com/, http://www.greatdomains.com/; http://www.buydomains.com/ and so on……