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One of Asia's top Internet Entrepreneurs and Digital Publishers.
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The Best Solution To High Cost Of Living

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Can you feel the cost of living gradually going up with every passing year? And while many complain or suffer silently, few ask what the best solution is.

I live in Malaysia. Just last month, for the first time ever in our nation’s history the ruling government introduced the GST (Goods & Service Tax, also known as VAT in some countries). At 6%, this is comparably low to other developed nations that levy a higher percentage on the supply of goods and services – however for a developing nation with more than half the population struggling or just scraping by, the higher cost of living means more people have to tie a tighter knot around their bellies.

Despite being announced 2 years earlier, the general population were not ready. However I paid heed to the warning that the rising cost of living is imminent.

Regardless of your political beliefs or opinions on the ruling government, I think we can all agree that prices will find their way to go higher – be it through inflation, corruption, and nasty surprises that have a way of happening.

So what is the best solution to beat the high cost of living?

The immediate defensive measure most people do is spend less, save more money. I operate from a saver’s mindset and even so, I see a problem with this response. What if you are already living below your means?

I also believe everyone is meant to live out their dreams and passions, so to suggest spending less and saving more in the long run is contradicting.

Minimize taxes? Yes, an important skill to learn so you can keep more from the money you make. But what with GST (or VAT) there are more daily items and consumables you’re taxed on immediately, at almost every turn and opportunity – which is why daily living cost is higher in the first place!

Alright folks, this is the solution – ready?

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Start Your Own Business And Focus On Increasing Your Income.

That’s really all there is to it.

I cannot think of any other better solutions than this, and many successful entrepreneurs and investors I’ve talked to concur.

While I agree with the overall sentiment and message from the rallies and protests against corrupted governments and the wrong people in power, the unfortunate truth is these protests and complaining on an individual level rarely gets anything accomplished.

The rising cost of living is inescapable. Like video games, the difficulty level will continue to increase whether you think you’re in the game or not – because you are.

So the time wasted on being idle or complaining is best invested on stepping up your game.

Serve more people.

Demonstrate value.

Step up your game by going high ticket.

Build a business. And then another.

Invest in properties next.

And of course, protect your hard earned money while you’re at it.

This is not the easiest, but it’s certainly the best solution and answer to ever increasing high cost of living.

How To Get Joint Venture Partners

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With all the product creation done and affiliate program ready to go, comes what many will dread doing: finding Joint Venture Partners!

If you see the nature of Internet Marketing, it’s easy to understand why most people dread dealing with other people. The Internet Marketing arena attracts usually introverted people. While some don’t have a problem and seem to be on the baller, the rest… well, not quite. Which explains why most online marketers prefer to deal with the technical details and work that has little or nothing to do with dealing with other people.

Even though I have been doing product launches for years and talking to JVs and potential JVs is a big part of my task, will it surprise you that not only I still face rejections today, I also have some of that fear going on?

At the bottom-line, people hate rejection. Even when sitting behind the computer.

But you need to realize that potential JVs saying ‘no’ is part of the JV game. Not everyone will find your offer suitable. Not everyone can commit to the launch date you’ve set for. And sometimes, some people just won’t like you. It’s part and parcel of business.

That said, the JV game is really a numbers game. Here is the basic plan on how to seek potential JV Partners for your product or upcoming launch:

1. Post your upcoming launch on MunchEye.com.

This gets the ball rolling for starters. Posting is FREE and gives you the first ‘warm up’ to announce your upcoming launch to the online marketing community of affiliates. But hey, this is just the ‘warming up’…

2. Post your upcoming launch to FB Groups.

Right after, you can make the same announcement on Facebook groups dedicated to upcoming product launches. Most of these groups are Public or Closed, so be sure to join many to maximize getting exposure and the word out to potential affiliates. Here are some FB Groups you can join:

There are many more Groups – these are the active ones I see right now, although you can easily search for related groups from here on or search in the Facebook search graph (at the top of your FB profile).

Like the MunchEye posting, it’s FREE and easy. You can accomplish Step 1 and 2 in as little as 30 minutes to an hour. However these are just the ‘awareness building’ campaigns. The real results on getting potential JVs is in the next step…

3. Email and FB message.

Yep, no avoiding it. This is still the way to go. Message potential JVs about your upcoming launch. From the above mentioned links and places, you already know where potential JVs hang out and if you do your own research, you get to see who they hang out with most of the time, what kind of offers they endorse, and you also get a good idea what kind of sales they are capable of bringing in.

Here’s the thing: don’t randomly invite just about any JV or ‘big name’ you come across. That’s what I call the ‘cast the huge net’ method. Not only are you going to get more no’s you might ruin some potential JV partnership in the near future.

Keep it targeted. If your offer is Private Label Rights, look for the marketers who are selling or promoting PLR products. Your offer is about graphics? Look up the Graphics marketers. Software? Same deal. Videos? Same deal.

4. Arrange for Skype calls.

Nowadays you can’t really just do away with an email piece or FB message and expect to forge long term working relationships. Chances are your potential JV will treat your JV request as just another one of those ‘boring JV’ emails. So you need to implement the pattern interrupt and demonstrate that you’re unlike those guys who send generic JV invites – keep your intro email short, and ask to come on Skype so you can tell him or her more about your JV invitation and why this will be great for him or her.

If that is not feasible then you can consider going by email and explain your JV offer… however remember it’s got to be unique.

5. Rewards for your JVs.

“Making A Ton Of Commissions” is a ‘duh’ thing and your potential JVs are spoiled for choices. Even giving 100% commissions is not unique anymore so you need to find other ways to make your JV offer stand out and focus on rewarding your JVs more.

Higher cash prizes will attract higher calibre JVs. Offer him a spot in your download page to contribute his bonus. If you can, promote his product first to capture his attention and increase the chance of reciprocation – better still if you top the leaderboard. It’s all about standing out.

6. Step Up Your JV Game – Join Networking Events and Form Masterminds

When you see the Internet Marketing circle – or any niche – for what they are, the leaders and experts usually form their own tribe or mastermind. Do what you can to join a powerful mastermind or in the event there’s none, form your own with whoever you’re already working with. I am part of many masterminds and inner circles in different niches and areas and I owe the success of my launches to these powerful partnerships and masterminds.

I hope this helps up your game with JVs! Just as important, here is also a list of what NOT to do when approaching potential JV Partners.

4 Reasons Why You Should Consider Starting A Team

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Last year I made a BIG decision that would change the way I run my online business forever: I started a physical office with a physical team. Prior to that I had been working solo from home for 9 years. When I got extra help it would be in the form of partnerships with other solo online marketers and part-time freelancers. Initially I wasn’t sure and for a very long time I danced around that idea. Despite the problems I faced in the early stages, gradually the rewards outweighed the risks. So if you’ve been working solo and you want to go BIG you should consider starting a team.

1. Leverage.

When you work on your online business and even with technology, you will come to a point you realize there’s only so much one person can do. You have only 24 hours in a day and only yourself to go around making things happen. You can’t explore bigger opportunities if you’re stuck with day-to-day tasks like mailing your list, creating products, paperwork, and the list may go on. Now if you assign a specialist to each responsibility, these are daily tasks off your back so you can focus on the big picture!

2. A Dedicated Team Is More Effective Than Hired Freelancers In The Long Run

This is more so if you’re running your online business where tasks are becoming a routine. It is better to train a team of talents and they get better with every job you give them versus hiring different freelancers for every project. In my experience, the freelancers are usually different people because they are committed to multiple clients and they usually won’t have the time to understand your project in depth.

3. Social Opportunities

This is a big plus especially if you’ve been ‘hermitting’ at home like I did for the past 9 years. What a lot of people don’t realize until much later is that working from home can be a rather lonely experience.

4. Develop Your Leadership And Teaching Skills

An effective leader is also an effective teacher. Having a team under your wing also gives you a platform to spread and share your ideas.

Starting a team may not be a thing for everyone. In fact, I shelved this idea for a very long time because I wasn’t sure if I had what it takes to lead a team and the prospects of abandoning the ‘dot com’ lifestyle was something I was afraid of letting go.

And don’t get me wrong: there ARE successful solo online marketers and I notice they usually work with a full-time Personal Assistant. At the end of the day, it really boils down to what you want and how you want to shape your business. If the opportunities present themselves, I think you have much more to gain from  having your own physical team.