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| A Key Element in Creating Income Quickly
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Out of the mouths of babes oftentimes comes deep insight and wisdom. One of my violin students (age 6) used her vivid imagination to create a picture.
The picture featured the Disney character, Mulan. She is dressed to impress in her silk and fur, and she has been carefully positioned among lots of pennies. My student carefully and delicately arranged her in this position within my basket of "Don't Forget" pennies.
I didn't see her creation until her lesson was over and she was leaving. I positively commented on what she had done. Her mom then shared with me a very profound statement that her 6 year old daughter said about it. This is what she said:
Man, I wish I could sit in money!
She had created this great image of what could possibly be her in the future sitting a top of a fortune! She surrounded herself with the idea of money, the concept of being in control of her money, and also the idea of having enormous assets to work and/or play with. Wouldn't we all love to sit in money? How about a lot of money? To a 6 year old, this pile of pennies with Mulan in it appears to be a lot of money.
Which leads to the subject of this article. In order to create an income, you usually are participating in some type of transaction. You're either selling a product or a service or speculating on what is going to happen with the future of money and business (stock market, real estate investing). Most people trying to make money online are trying to do so with free and low cost products. However, this is the long road. A shorter and more effective road is to engage in transactions where more money is exchanged at once. If you're an author, would you rather sell 1000 books to 1000 people at a $5 royalty to make $5000, or would you rather sell a high quality, high demand, true value product to 5 people at $1000? Which do you think would happen faster? Selling to 1000 people, or selling to 5? It's simple math and probability.
What are the benefits to including the key element of a high ticket, high quality, high demand, true value product?
The people who really see the value will purchase without hesitation
Those who normally would hesitate for whatever reason, wouldn't bother considering the product, and thus you wouldn't have to work hard to try to help them see the value of it
You get to turn over a large profit each time a transaction is conducted
You can quickly generate more operating income to cover the cost of business
You can reach your financial goals in a fraction of the time with virtually the same amount of marketing energy
Many people shy away from conducting big transactions because of their belief in themselves and/or the product they're promoting. What is frightening about receiving four figures every time you make a sale? Would you say that to a real estate agent who can sometimes make a four or five figure commission? What about the car salesman? The attorney who bills their client three figures per hour? Why not you as an internet marketer? It is definitely possible and the way to go.
Be on the look out for another key element that business owners, especially internet marketing business owners miss when starting their own online business.
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