Increase Your Cash Flow, Reduce Your Debt & Begin To Prosper In The New Economy….

I have read quite a few articles online and have even received some direct emails about how so many people are having hard economic times. It got me to thinking about a simple and realistic plan of action I could share that would help to bring people out of their financial worries and heartache without the usual hype and fluff that is put out by most marketers.

What you are about to read is a specific plan of action to follow, so if you fall into the category of an individual whose bank account could use a financial boost, then grab a pen and paper to take notes as I’m sure some ideas will begin flowing into your mind as you read on.

The first thing that must be done to reduce your debt and start increasing your bank account is something that is very

Holiday Debt

obvious yet most people ignore and do not successfully implement. (STOP CREATING NEW DEBT) it’s amazing how many people subscribe to “The Rob Peter To Pay Paul” mentality. This method of accumulating more debt to pay off existing debt is a guaranteed recipe for failure. Just look at the national deficit here in the United States – the government uses this method and it is only digging itself into a financial hole of no return.

Now I will get to some cash infusion strategies that will help you create new cash, instead of accumulating new debt so you can take care of your financial obligations. However, we are going to have to change the way we currently handle our day to day cash needs. The bottom line is, if you do not have the cash on hand to pay off an existing debt, do not borrow more money to meet that obligation. Period.  Instead negotiate with your creditors and come up with a payment plan to repay the debt over a period of time that can fit your budget.

The next thing is to cut out wasteful spending, and with the holidays fast approaching, that may seem somewhat difficult to do simply because we have been trained to be a consumer based society. We constantly spend money on things that have no intrinsic value but that are supposed to make us “Feel Good”. Here’s a reality check. Unless you have saved up cash for the holidays to get that new wiz-bang gadget for you or your family you may want to think twice. If you are considering putting yourself in debt just to celebrate “The Holidays” that enjoyment and feeling of euphoria will be short lived once your credit card bill comes in the mail next month and you must face the reality of more debt.

Now don’t get me wrong. I am no scrooge, however; if you do not have the cash, then refrain from debt purchases for short term pleasure because they’re going to cost you long term pain. Got it? Good!

Now that we have some obvious things covered, let’s discuss ways to increase cash flow so you can have more cash on hand to increase your net worth and reduce your debt. One of the ways most people increase their cash flow is by taking on additional work in the form of second job. Although this may be a good short term solution to our cash flow issues the reality is that there are only 24 hours in the day and therefore we are limited as to how much time we can put into generating the additional income we need.

Let’s look at an alternative way that we could generate additional revenue that meets certain criteria so not only can we make more money, but we are also not limited by time or restricted to getting paid solely off our efforts alone. Starting a business becomes the second most obvious choice, but what type of business? There are so many great opportunities out there. The only challenge is that most businesses requires a lot of time and most importantly “START UP CAPITAL” to get things up and running. If you fall into the 95% category, then coming up with the capital necessary to start your business may be a tough obstacle to overcome.

So what type of business can we start that requires little to no start up cost, will not restrict our income potential because of time, and where we can also leverage the efforts of others so we’re not confined to how much work we can do alone? Well the answer is there are several business models out there that fit this criteria, MLM or (Multi-Level Marketing) is the most obvious of the business models. However I’m personally not huge fan of MLM although some people have been very successful creating wealth with MLM, it would not be my first choice.

In fact there are other business models that will allow us to meet all of the above criteria without having to sell juices, lotions, potions, and creams to our friends and family. Based on my years of research and being a reformed opportunity seeker for several years now, it is my personal belief that starting an online direct sales business is the most effective and least expensive way to create cash now without being limited by how many hours you can personally work. It requires very little, if any startup cost, and will allow you to leverage the time and energy of others. There’s also one other major benefit to having this type of business; and that is your market place is the whole world. So regardless of what the economy in one country is, I still have the whole world to market to.

Online Business

So what do you need to start an online business and what should you sell to make money? These are the questions that most ask when looking at this business model, and the truth is you only need three things to run a successful online direct sales business and those three things are a website, traffic, and a list. You do not even need a product to sell because you can leverage other people’s products and services to market and sell them for a profit.

Now I know you may be thinking that’s too easy and you need all this additional wiz bang software and geek knowledge like SEO, PPC, Social Media, video editing, website building and the list goes  on forever. Yes, those things can be part of online marketing and they all have their place, but they are not absolutely necessary for success. In fact there is a very simple approach to make this work and I’m considering putting on a webinar or writing a series of blog posts to break this down even further for you. However, before I take the time and energy to develop all this additional instruction, I need to hear from you.

I would like to know exactly what you would like to see in this training if I decided to do it, and what benefit would it add to your life and business. Please sound off by leaving a comment in the Facebook comments below. Don’t hold back either – tell it like it is and be as straight forward about what you need as possible. I will be personally reading and responding to all the comments left below so be sure to give me your input. I look forward to hearing from you and continuing this series if I get enough feedback from everyone, so feel free to pass this post on to your friends or anyone else you feel may benefit  from it. Take care and I will be in touch soon!

-Sam Bell

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