Frank Kilgore: Business Income Ideas

I got to thinking about this after having read an article in this past weekend’s Parade Magazine (www.parade.com). The article was titled What I Did With My First Million by Cindy Adams. It dealt with a group of celebrities and what they did with their 1st million dollars. All of them seemed to go out and buy something a little extravagant (except maybe Matt Lauer who was concerned about ‘job security’)*, but within their new means.

* Can you relate with this?. Go to www.RetiredBeforeYourTime.com

Anyway, this article got me thinking about what I would do with a major jump in my annual income to those levels. In my case, the first major thing that I would do (after taking my wife out on a much deserved, long overdue vacation trip) would be to “pay off most of my credit card debts down to near $0.00″. I would do this as most credit card debt (or other revolving debt) is the biggest drain on most everyone’s everyday financial well-being.

Getting rid of this money dump is a direct pay increase to you. Paying off the debt will free up your mind, free up your emotions, and will change your entire perspective of life. Just think about it for a moment.

If you did not have any income draining debts, how much money would you have to do the things you have always dreamed about?

Would that amount of money be an extra $2,000/month?, Maybe $3,000?, or maybe $4,000 per month? (Wow! That’s $48,000 per year.)

Wouldn’t it be great to have this kind of additional income coming into your household?

Getting Rid of Credit Card Debt is one of the first things you should do with new income!

You’re probably saying, “Oh, this sounds great, but how do you get the money to pay off the debts?”
I think the best way is to use your ideas, skills, experiences and knowledge to create a supplemental income. Yes, that includes YOU!

Go find out for yourself, go and visit www.MakeMoneyWithWhatYouKnow.com and get your free report that outlines why everyone is an expert at something. Go now and Get Rid of Credit Card Debt!

www.MakeMoneyWithWhatYouKnow.com

To Your Success and Your First $ Million!
Frank Kilgore

What Would You Do? Feel free to comment.

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Well, I am sorry for the past 3 weeks where I have not been able to make a post to my official website. My site managers were making a lot of wonderful upgrades; but some how or other, my site was one that ended up with a glitch. The important thing is that we are back up and running …and we are doing so at full speed.

While waiting on the fix to my site, I have been doing a lot of special things for both me and for you.

I have added a new lens over at Squidoo. The new lens describes information about one of my gardening hobbies and how I have learned an improved method to grow tomatoes. You might be interested in visiting the lens at www.tasty-tomatoes.com.

As part of the new lens work, you will find comments about a book that I just completed writing titled, Grow ‘Greenhouse Tomatoes’ Outside. It describes how I took an idea from memory and applied the idea and concepts in My Dollar Garden to grow tomatoes much more effectively. The book will be available for sale soon. Again, the link to the new lens is: www.tasty-tomatoes.com

Another accomplishment has been my completion of a special Suidoo Secrets Success Workshop with BobTheTeacher, Bob Jenkins.

The workshop was outstanding and I learned a lot, actually a tremendous lot. It was almost overwhelming. I cannot go into all the nuts and bolts about the workshop now; however, if your interested (and you should be if you are an entrepreneur), then you should go over to my Make Money With What You Know site and get a special report by Squidoo’s founder, Mr. Seth Godin. Learn how Squidoo began…

What Have You Accomplished with Your Ideas and Business Marketing This Month? Your Comments Appreciated.

Frank Kilgore

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You will find someone launching a new program to help you about everyday it seems.

There are so many internet marketing gurus trying to help you get a business started with their help, it is overwhelming. For most of us it is extremely confusing just trying to decide which one to use.

Do you use?…

1. Nitro Marketing’s “Nitro Blueprint” system, or

2. Armand Morin’s “Internet Marketing Explained” system, or

3. Russell Brunson’s “DotCom Secrets” system, or

4. Tellman Knudson’s “List Building Club“, or

5. Other Internet Marketing Gurus’ systems from
(i.e. Shawn Casey, Joshua Shafran, Marlon Sanders, Mark Joyner, and more)

or maybe some of the newer up-and-coming, but lesser known super stars…
for example:

6. Bob Jenkin’s “Success Workshop“, or

7. Sterling Valentine’s “‘PowerMonth‘ and more”,

8. or ???

The decision is tough because each of these (and many others that I have not mentioned) are first rate. To succeed, all that is required is to follow their guidance and do what they instruct you to do.

FOLLOW and DO = SUCCESS!

OK, I know you want to ask what I would do; right?
If I were asked to make a suggestion based on my personal experience about starting an online business, I would suggest combining one of the programs from the first group (1-5) and include one of the highly interactive programs from the later group (6-7).
This combination would save you time and money to begin with and…the combination would allow you to learn the necessary components of an online business while having a sounding board and peer group to answer questions you have while keeping you motivated and focused.

Which of the above systems/programs, or other, would you suggest to help someone start an online business?

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Others are saying what I have been saying. Create a supplemental income stream.

This morning I read the Sunday newspaper, “The Birmingham News”, and in its Money section under MONEY TIPS an article appeared titled: “Take Steps to Avert Dangers of Recession” by Teresa Dixon Murray, Newhouse News Service. The article discussed several key points regarding how you can hedge against a possible recession to maintain your financial stability.

Ms. Murray suggested a number of ways to protect against a recession; some of these include:

-Consider getting a home equity loan while you have a job and can currently qualify for one.
-Consider investing in secure large-cap investments
-Get your finances organized
-Develop a budget
-Identify all your assets
-Pay down debt
-Increase your rainy day fund
-Delay any major discretionary spending
and
-Look for new sources of income

This last item truly caught my attention as she stated that if you’re the only one employed in your household, then you should look at turning a hobby into a side business or try to develop a new skill with a part-time job. The point she made was that if you lost your regular income source (a job), then you at least would have something to fall back on.

I agree with Ms. Murray; however, I would take the concept a step further and say… Develop and have a supplemental income stream, a side business, at all times, regardless of whether you are the only person employed in your household.

I believe that everyone should have an income producing side business of some sort as long as it is productive and does not require any substantial time. In today’s time with the internet, an online business about your hobby, your skill, your life’s experiences is certainly a viable option for a realistic supplemental income source, recession or not.

How do you protect yourself against recession?

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Do You Know How To Turn Your Ideas Into A Business or A Passive Income Stream?

So many folks have so much knowledge and so much experience that they can call upon those resources to build and grow a business and a major income stream.

All that is really needed is for you to take those resources …and let others ‘know what you know’.

Keep in mind that your resources could be any accumulated skills or learnings you have including a technical skill, a professional specialty, or just a keen interest or passion in a hobby, a craft, or a sport.

Taking any of these and sharing them with others can become a prosperous business, or at least a significant income stream quite quickly. You could directly sell things, teach others how to do something, or write articles or books describing and sharing your passion or skill.

The key at this point is to Take Action that will cause others to seek you out.

Do you know how Blogi360 can take action for you?

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I am using blogi360 because it is the most aggressive blogging website I have ever seen. The developers have put all the functions and plugins that work to get you traffic and rankings in short order. It does most, if not all of the important SEO work for you. All the pinging and social submissions are automatically done when you make a post. That’s it!

All you do is write a post that helps someone and blogi360 takes over to ensure that your message gets out to those folks. You don’t have to waste your time doing all the grunt work; blogi360 takes care of that for you.

I must agree with a friend who introduced me to blogi360. He described it as a “blog on steroids!” You will too.

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