How To Make Money Quickly - Standing On the Shoulders Of Giants
To make money quickly, you need a business model.
If you are making any sort of money, it is in a business of some sort and to run a business you need two things, a product or service and a distribution channel or how you will reach the market that requires that product or service.
These are essential building blocks, you cannot make money quickly without a business and you cannot have a business without a distribution channel and a product or service.
However, you can bypass this sort of research and development work by finding company's that will work with you to help you sell their product.
This for many is quite a good deal because developing a valuable product and making sure there is enough demand and uncovering an effective distribution channel can not only be time consuming but quite expensive.
Another way to make money quickly is to stand on the shoulders of giants.
Investment and passive returns are remarkably effective at making people rich.
Interest upon interest is very effective in compounding your available cash.
Most investors strive for a return of 30% each year.
This is quite a good return level for low risk investment.
However, if your seed capital account is at present low, you can afford to try some more aggressive and high return investment vehicles.
The bench mark that all investors use is the humble bank deposit.
The single digit yearly return is not very exciting, but then the risk is negligible because banks are guaranteed by the government.
Being very aggressive with small amounts of money can pay off in a big way.
Consider buying microsoft shares at the very beginning for 20 cents a share.
These high risk high return start ups are definitely worth considering.
If you are making any sort of money, it is in a business of some sort and to run a business you need two things, a product or service and a distribution channel or how you will reach the market that requires that product or service.
These are essential building blocks, you cannot make money quickly without a business and you cannot have a business without a distribution channel and a product or service.
However, you can bypass this sort of research and development work by finding company's that will work with you to help you sell their product.
This for many is quite a good deal because developing a valuable product and making sure there is enough demand and uncovering an effective distribution channel can not only be time consuming but quite expensive.
Another way to make money quickly is to stand on the shoulders of giants.
Investment and passive returns are remarkably effective at making people rich.
Interest upon interest is very effective in compounding your available cash.
Most investors strive for a return of 30% each year.
This is quite a good return level for low risk investment.
However, if your seed capital account is at present low, you can afford to try some more aggressive and high return investment vehicles.
The bench mark that all investors use is the humble bank deposit.
The single digit yearly return is not very exciting, but then the risk is negligible because banks are guaranteed by the government.
Being very aggressive with small amounts of money can pay off in a big way.
Consider buying microsoft shares at the very beginning for 20 cents a share.
These high risk high return start ups are definitely worth considering.
