Due to the decline in our economy, more and more families are looking for ways to increase their cash flow
. Going to school and getting an upgrade in your education is one way to do this but it can take a lot of time and financial resources. Another easier way for you to increase your cash flow is to build online wealth.
My name is Adam Ginsberg and I work with people just like you to build online wealth. I started off in a similar situation selling pool tables out of a mom and pop shop looking for new ways to build my income. I sold a pool table online using eBay and my online wealth degree got started. Brick and mortar stores are not the only option anymore. We can use online platforms such as eBay to sell products and services. What are you passionate about? What services and products can you offer? Now is your time to do what you really love. Here are 3 ways to build online wealth: 1. Define your niche.
Don’t be like every Tom, Dick and Sally on the Internet. Set yourself apart from the competition and sell something different. We’ve all had moments where we thought, “If I only had a …”, life would be so much easier. We all can’t’ come up with Facebook, but we can get creative and think up something new and useful. 2. Don’t be boring.
Don’t be afraid to step outside your comfort zone or think outside the box. Once you define what you’re going to sell online take a look at the competition. Your online wealth strategy depends on it. 3. Get Educated.
If you don’t know anything about eBay or other e-Commerce platforms, now is the time to get educated. Take an eBay learning program and learn everything you need to know about how to sell online. You can’t get started building your online wealth without education. You can also look into getting an online wealth mentor who has been down this road before.
My hope is that you take this information and start building your very own online wealth formula. I love working with entrepreneurs just like you. If you have any questions or concerns, please feel free to comment below or contact me via my blog. About Adam
Adam Ginsberg is a wealth of experience
when it comes to making money online. You can find him online
and also check out his secrets of an auction millionaire
We all know how competitive real estate investing can be. With the housing crash and extremely low bank loan rates, most investors find real estate to be a lucrative business opportunity. But, while it is lucrative, the stiff competition can be tough on a new entrant in the business. Adam Ginsberg
, one of the foremost wealth building and internet entrepreneurship coaches spills the beans on how to get the most out of your real estate investments, even if you are a newbie. Bean #1 - Find a Mentor
Entering a new industry without learning anything about it is akin to going in blind into a battle. You wouldn’t even know what hit you. Adam Ginsberg insists that you find a mentor who is experienced and successful in the business
. Get your mentor to train you in the basics of real estate investing, like strategies on choosing which properties to buy, how to choose the areas to invest in, financing options etc. If your mentor is an old horse in the business, there’s a lot that you could learn just from their experiences. Meet with your mentor on a regular basis and share your own views and investment strategies to see if you are on the right track. Bean #2 – Always check under the hood
Real estate investing has a basic 3-step approach. Buy property, fix property, and sell property. Easy as it may sound, it’s far from that. If you get the first step wrong, you can say goodbye to any profits that you were hoping to make on the investment. Adam strongly recommends a detailed inspection of the property that you intend to invest in. It’s only after an inspection that you can figure out how much money you’ll end up spending in fixing the place up. And, if there’s some serious damage, like in the foundation or in the electrical and plumbing setup, you should steer clear of the property because it is going to cost a lot to fix and that your profits are going to be very low, unless of course you are getting the property really cheap and you think you can still extract a decent profit even after hefty repairs. Bean # 3 - Savings are Profit too
Once you’ve got a property inspected and you believe that you can sell it for a decent profit after fixing it up, the next step is to figure out who will renovate it for you. If you go to the market and hire a professional contractor, they will charge you the prevailing rates for the job. The trick here, as revealed by Adam Ginsberg is to minimize your spending to maximize your profit. One way to do that is to take on the renovation contract yourself and then subcontract the individual jobs to the related professionals. Another way to save on renovation costs would be to find a contractor in your circle of friends and family, who would be willing to offer you better rates than those whom you don’t know. Whatever approach you take, always ensure that you do not compromise on the quality of the renovation, because if your property does not pass inspection, you will not be able to sell it.
Adam Ginsberg is a wealth of experience
when it comes to making money. You can find him online
and also check out his secrets of an auction millionaire
Real estate investing has proven to be a lucrative business opportunity over the last few years, especially with the housing crash in 2008. Adam Ginsberg, the pioneer in eBay entrepreneurship and a successful wealth building coach highly recommends real estate investment as a top business opportunity.
Here are three tips from Adam Ginsberg
that will ensure maximum profitability from your investments in real estate. 1. Economize on renovation
For any property that you’ll have to fix it up before you sell it. Ginsberg suggests spending as little money on renovating as possible. That doesn’t mean you cut corners on the quality of renovation as that will do your reputation some serious harm. What Adam means is that you either renovate your property yourself or you use a contractor in your personal network of friends and family as they are bound to give you a much better deal than a contractor not personally known to you. 2. Partner up
Having a partner to invest with in real estate certainly helps. In Ginsberg’s opinion, having a partner who is experienced in the field saves you the time and money that you would’ve spent learning the craft, whether at a school or from your own mistakes. Secondly, a partner who invests money with you also allows you to diversify your investments
in multiple properties rather than just one or two properties. 3. Knowledge is power
You may be new in the real estate investment business but if you arm yourself with the knowledge of how the business works, you could be starting at par with many veterans with years of experience. Although it will take you a fair amount of time to gain practical experience, the right information and knowledge can certainly help cut down that time by a fair bit. Read newspapers, industry papers, get information on loans and mortgages from banks, get professional training on how the construction business works etc. No amount of knowledge is too much, so go ahead and soak up as much as possible.
Adam Ginsberg has many pearls of wisdom to offer
as far as creating wealth and entrepreneurship are concerned. If you’d like to know learn more read Adam’s Secret of an Auction Millionaire
or visit his website for resources on making money online
Okay, so you took Adam Ginsberg’s advice and started your real estate investment business, and ended up making huge profits for yourself. Do you now find yourself loaded with money, lots of money, that you don’t know what to do with? Don’t worry! Adam Ginsberg has some useful advice on how to tackle that too. He is, after all, one of the prominent entrepreneurship and wealth building coaches that this generation has seen. 1. Set a benchmark for your lifestyle
So, you have a few million greenbacks in the bank from your new found success in business
venture. Are you now wondering how and where to spend it? Hold up and step back a bit. Adam Ginsberg says that it’s very easy to lose your way with new found money, and it’s just as important to plan how to manage your money as it is to earn it. The first step is to figure out the lifestyle that you want to live. The next step is to allocate a fixed percentage of your wealth to that lifestyle. For example, you end up with $5 million in your bank after expenses and taxes. Now you’d want to upgrade your lifestyle from say $200,000 a year to say $500,000 a year. That’s 10 % of your net worth. Do you think that you’d be able to maintain that lifestyle year after year, even if you don’t earn any more, or would you rather scale it down to $300,000 a year and make some smart investments
with the rest? 2. Find the right wealth managers
Once you’ve got your lifestyle figured out, the next step is to find good reputable wealth management firm who can invest your money for you and get you some great returns on the investments. You wouldn’t want your hard earned money to just end up in some bad investments, now would you? 3. Enjoy your wealth
What’s the point of earning all that wealth and not have the time to enjoy it? Adam says that enjoying your wealth is just as important as earning it. The enjoyment reaffirms your belief systems and keeps your positive attitude going for future successes. 4. Keep your feet on the ground
As much as enjoying your wealth is important, equally important is to keep your bearings about you. It’s very easy for new found success to go to your head, where you start feeling powerful and invincible, almost immortal. Don’t let that happen. Don’t treat your friends and family any different than you used to earlier. Sure, you can bestow lavish gifts on them, but don’t expect them to do the same for you, or be subservient to you in any way. Remember, true happiness lies in genuine relationships that you build over your lifetime. Adam Ginsberg follows these principles in his personal life
and to manage his wealth. You can do it too with a bit of discipline and self-control. For more help on the subject you can write to Adam
and learn the secrets of the auction millionaire
As discussed in an earlier post
, real estate investment can be a very lucrative and profitable enterprise. However, since it is a market that is spread over towns, cities and entire countries, it is very important to get correct, reliable and timely information for you to be able to profit from. Adam Ginsberg reveals the sources
that he goes to when he is looking for reliable, up-to-date information on real estate markets. Media
According to Adam, newspapers, magazines, websites etc., make for a good source of multiple, up-to-date listings that can provide an investor with accurate scenarios, like prevailing prices, development projects, reputed agents etc., in a particular market. Realtors
Realtors or real estate agents are probably the best source for the latest information on a particular locality or town as they are the people with their ear to the ground. A reputable realtor can be a useful ally in getting you the latest information and great deals in their market. Banks and public agencies
Banks and certain public agencies can offer some great investment opportunities in properties owned by them, which they have been unable to sell. These properties usually require a considerable amount of renovation, but the upside is that these are priced much lower than their market value. Adam Ginsberg highly recommends building relationships with people handling real estate departments in banks and other govt. agencies. Bank Foreclosures
In the last few years, bank foreclosures have emerged to be a great opportunity to make money in real estate. Because of the huge number of foreclosures that have happened because of the economic downturn, many investors have managed to snap up some really great deals, especially with banks being in a hurry to liquidate their holdings. Buying a foreclosure property may require you to spend some extra money in renovating the property, but because you can buy the property much below the market price, the cost of renovation won’t seem like much.
The various resources mentioned by Adam Ginsberg
above can prove to be very profitable for your real estate investment, provided you do your research into which properties would suit your investment model and which ones you could sell faster.
For more tips by Adam Ginsberg
on making money in real estate and online, visit Ginsberg’s eBay tools and resources