Understanding Your Money Tree

In evaluating business opportunities, there is a great tool you can use to see if it is a good idea for your lifestyle.

I’m Tracy Repchuk the marketing makeover maestro, bestselling author of 31 Days to Millionaire marketing miracles, and your host today for bookwisefamily radio, where today I’m going to be talking about how to use the word MoneyTree on how to evaluate business opportunities. Just a quick little lesson, so that you have a tool you can use when considering whether it fits with your lifestyle.

This can apply to anything you are considering, I will be talking about it with respect to bookwise. I learned this from Robert Allen, and I thought it was so cool, I wanted to share it with you.

You take the word Money Tree and place it down the left hand side of the page. Then you evaluate the opportunity you are looking at in relation to:

M ultiple streams of income
O ustanding product or service
N othing down – little or no
E mployee resistant – can you run it yourself
Y ield – make money – serious coin
T rend – people want more, growing industry, not less
R esidual – work today, still get tomorrow. (Retention .07%, average is 14%)
E ssential – to every body every day
E nthusiastic – do you love it.

Bookwise is a home run in all of the fields, and my blogtalk radio appearance explains in full detail how to apply this, and how Bookwise performs in each of the fields.

Enjoy the lesson.

http://www.blogtalkradio.com/bookwisefamily

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