The niche you have chosen should allow creation of more than one product or service. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts, to complete turnkey solutions; there is no need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.

Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.

The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.

It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.

Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.

The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.

People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.

Learn how to grow your money through investing. Investing is one of the best ways to achieve financial freedom but there are required skills and knowledge to succeed. Aside from your knowledge and skills, you also have to “take risk”, do not be afraid to risk because you can manage risk, minimize it by equipping yourself a skills and knowledge. As the old saying goes, in investing you should know what you are doing to avoid loss of capital investment.

Before Investing Money

Before you invest money, make sure you have prepared the following important things. Make sure you have paid all your debts or liabilities. Make sure before you invest you have your cash reserve or the emergency funds needed to help you in case there is an emergency so that you will never pull out your investment.

The ideal amount of emergency funds should at least 3 to 6 months of your income. So, if your income is $2,500 per month. You should have $15,000 emergency funds good for 6 months.

You should also have to buy a life insurance. A life insurance is for protection. You need life insurance just in case something bad happened to you. Life insurance can help your family to recover from financial losses in case you died.

The ideal life insurance coverage should at least 3 years of your total annual income. If your annual income is $60,000, you should buy a life insurance that has a face amount of $18,000 good for 3 years to help your family to recover from financial losses.

After you have paid your debts, have emergency funds and bought insurance, it’s time to know your risk appetite.

Know Your Risk Appetite

It always depends on your age, of course if you’re still young, you can take high risk and for mid 40s to 50′s you have to take medium risk and for 50s and above, they should only take low risk investments.

For low risk investments, money market funds, time deposits and bonds are appropriate investments.

For medium risk investments, combination of bonds with equities are appropriate investments.

For high risk, you can choose to invest purely on stock equities.

Make an Investment Goal

After you analyze your risk appetite, you have to make an investment goal. What is an investment goal? It is goal wherein you should know the purpose of your investments, how much should your investment cost your every month or annually. When should you start investing and when is your plan to redeem your investments.

Take Investing Action

A plan is good if you work for it. You can never see a result of your investments if you didn’t work your plan. You have to take action, just do one thing at a time. From opening your investment account, funding your investment account. And if you choose to invest in the stock market, you should buy your first stocks, you don’t need to be afraid. All is easy especially if you really want to grow your money. Just ask the financial advisor or financial experts, there are advisors in the bank or any financial investments firms.

Achieve Financial Freedom

Saving is good because it will teach you the habit of managing your money. If you are disciplined money saver, you will also be a disciplined investor. Ste aside money from your salary or income every month and fund your investments account such as mutual funds, stock broker account or fund your savings account intended to use as a business capital

I hope you do learn many things in this article. To achieve financial freedom, you must “take risk” and reap the rewards someday. Thank you for reading this article, I wish you a prosperity and financial freedom. If you have time, read other financial blogs, business and finance books and magazines or attend financial literacy seminars.

Today there is a lot of uncertainty with regards to the economy and many people finally are realizing that times are different. The age of industry, where a secure job with retirement and a pension were common, has now become the new information age. People have realized that the gov’t and/or their job can no longer provide these kinds of benefits. And with the instability and large dips and peaks in stocks over the past few years, many have already lost 12 years of their hard-earned wealth. Home values are still dropping, foreclosures continue to increase, the employment rate isn’t moving below 9% even with all the injected money and promises and taxes across the board are increasing…No longer can people accept the status quo. No longer are people going to just give their liquid assets to brokers of stocks or real estate firms, or rely on the government’s social security program – “broker” will be the result for most people!People in droves are realizing that they must take control of their future, and more specifically their finances. More and more people are searching for a viable means of creating more cash flow. The issue is people are short on time already and long on commitments. They need to find another income source, but cannot find a job that will shell out the $200 plus per hour they may need to achieve their goals given the time constraints they have. Even if they could find such a job, another job would only magnify the problem described above, further increasing your tax liability, meaning you would actually have to make more income in order to keep pace with what taxes the government’s going to take from you.The good news is, you have choices. Besides getting hired for that magical secure job, besides THAT, what else is possible?One option is investing. If you’re holding onto a large chunk of money – and with today’s low rates and yields it needs to be quite a bit – this is one way. Chances are if you have this kind of money, you’re probably pretty well off already and not relying on an employer or the government anyway. But just for kicks, let us say you needed $10,000/month to cover your living expenses, to pay down some debt maybe and to put aside for savings or tithing, and so on. $10,000/mo is the same as being paid a 12% return on a million dollar investment. That’s just not going to happen for the average investor any time soon in today’s economy – particularly when you take into consideration the government’s portion (taxes). Truthfully, you would need more like ten million dollars invested in order to net $10,000/mo in today’s economy. Therefore not very realistic for the majority…The next option is how most of the world’s richest acquired their wealth: by starting their own business. So let’s look at a few different choices when it comes to business building:Business Building – Option 1:Start a conventional business. You can start a business to design, build and market your product. This too will require a large capital investment up front and financing for start-up businesses is not so easy to get right now, regardless of how good a product you might have. A service-based business may be cheaper to start up but the service sector is shedding jobs and you may have quite a struggle. On top of that, nice of ten businesses fails their 1st year in business. One mindset to have is to just realize this and look to start up 10 businesses. The education would be invaluable and your accumulated wealth by the 10th business – if you even needed to start all 10 – would be among the richest one percent of the U.S..Business Building – Option 2:Buy a Business Franchise (like TCBY Yogurt or KFC). A Franchise is a proven business with pre-developed success structure or system of doing business. In purchasing a franchise, you are buying a cookie-cutter business where you simply follow directions and you are likely to create as much as a multiple six-figure income. The downside again is the initial outlay: some of the most successful franchises will cost $500,000 to $1,000,000 or more just to gain access and the rights to have a franchise with that company. You still have all the other costs of a location, employees, supplies, equipment, et cetera. Banks are more apt to lend money to this type of business structure because of the successful track record these established business models have rather than a new start-up business, but even today that may be hard to obtain. So someone with limited business experience could earn income with a franchise business if they follow the system – and they would have a much, much higher chance of succeeding than with starting up a traditional business – but it’s still too cost prohibitive for the majority.Business Building – Option 3:Home Based Business Work. With a much lower entry cost compared to either business vehicle mentioned above, but still the strength of an an established business model as with the franchise business model, the Home Based Business Work model is often times the best solution for the majority of people wanting to take control and get ahead today. The convenience of being able to work from home and leverage the power of the internet to plug into an existing company’s successful business brings together all the advantages of the above business models with few of the disadvantages. One disadvantage, due to the low cost of entry, is a home business owner has access to the strategies and tools to be successful but must take responsibility to work the business consistently to produce consistent results.One more important advantage the Home Based Business work model has over the others is the ability for Home Based Business work to create lasting residual income – where you are paid over and over for work created once. This does take time to develop, as little as 2-5 years for those serious and committed to their success, though combining internet marketing with the home based business work model in recent years has produced even better results within 12 to 24 months.