Three Assets you can use to become a Millionaire

Now, more than ever, it has become so much easier to set up a company or start earning extra income. All you need is a great idea, some time and effort, and bit of forward planning. Most people are too scared to start their own company because they worry about the massive overheads, the start up costs and potentially losing the security of a monthly wage. However, we all own or are at least renting, three valuable assets that if used correctly could turn you into a Millionaire.

Computer


Chances are, if you are reading this post, you have a computer or a laptop. The computer opens up many doorways to generating income and because of the widespread use of the internet, anyone can set up their own business with very little overheads.

With the internet, anyone can be a shopkeeper. All you need is a website and a great product. Websites such as Ebay or Etsy allow anyone to set up shop and market to their potential customers. Some people have managed to generate a substantial secondary income via Ebay or have even made it their full time occupation. People who enjoy crafts and arts have made it more than a hobby by selling their work on Etsy. Again, some people have managed to make it their full time job.

You may think, well I don't really have anything that great to sell. Find someone that does. If you're into art but aren't particularly artistic, talk to local artists. Most would prefer to get on with being artistic and leave the selling to someone else. You can take a cut from the sales and the artists will be happy that someone is working for them and generating them income.

Perhaps you have a great blog that everyone is reading. If you're getting the hits, why not put adsense or paid advertising on there. You could be earning money whilst you sleep. That way you only need to spend a couple of hours a day updating and promoting your blog, using the rest of the time on another income generating project.

There are loads of great business opportunities that are just a mouse click away. You just need to see the opportunities and take them.

Phone


Nowadays, most people own a phone. A lot of people even own a smartphone. But even with a standard phone you can start to make money. If you have great communication skills, your phone could be worth Millions.

Consider a recruitment consultant. Think about what they do. They phone businesses to see if they are in need of new recruits. Then they look through their directory of business people and phone them up to see if they want the job. They're selling on both sides. They're selling their recruiting skills to the businesses and then they're selling the idea of a new job to the potential recruits. Their phone is their main money making tool. Why isn't your phone making you money? It should be!

Perhaps you're not a great sales person, but you are a great organiser. All you need is a phone and a local directory to set up an event and then attract the right people to it. For example, you could set up a business networking event. All you need to do is find a venue, book a date and then start phoning around businesses to ask them if they want to attend. You can ask business owners to talk at the event. Most would be flattered by the invitation. You can then make money from this by selling advertisement space at the event.

Your phone is costing you money every month and you are not using it to it's full potential. You don't even need to own a smartphone to be able to make money. Being able to communicate could be your greatest asset.

Spare Room


If you have a spare room, or even a corner of the room that is just gathering dust, there is no need to start paying expensive overheads on offices, plus travel, plus bills etc. You are already paying them. Now it's time to start making money from them.

If you think about what there is in an office. A desk, a chair, a computer and a phone. If you're lucky, a good coffee machine too. Well we've already established that you own a computer and a phone. Chances are you have a kettle. It doesn't cost anything to set up an office at home. If you have a laptop, you don't even have to buy a desk, you just need a comfy sofa, and if you have a desktop, I'm willing to bet you have a desk.

You are already paying out each month for your home, whether that's rent, mortgage or even just bills. Why not make that pay you. You won't have any extra costs to set up an office and you can even claim some of it on the business and save money on tax. 

Making money and setting up businesses is about seeing the opportunities that are already there, and not focusing on the obstacles that we come across. Seeing opportunities, even in the downfall is the only difference between Millionaires and poor thinkers. Sure we have to acknowledge the obstacles, but they are there to make us run faster, jump higher and push harder. Most people don't set up a business because they see start up costs as an obstacle, but as you have read, setting up a business doesn't have to cost you anything but time and hard work. 

FM


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