There are numerous ways for (aspiring) entrepreneurs and business owners to make money outside of working a traditional job. However, everything isn’t for everybody. Not only that, but some ways take much longer than others. We are fortunate to live in an age that is centered around the internet and it’s only going to get better. The largest companies in the United States are internet-based companies — Facebook, Google, and Amazon. So, why do so many feel that the way to building true wealth is offline — real estate, brick and mortar, etc? The real way to financial freedom is by building WiFi Wealth.
What is WiFi Wealth?
WiFi Wealth is a term dubbed by our Founder, Brandon Belcher, which simply means wealth built using the internet (wifi). WiFi Wealth would be considered income and wealth made strictly through online ventures.
Methods of creating WiFi Wealth:
- Selling software
- Selling courses and digital downloads, such as eBooks, templates, digital art, digital stickers, and more.
- Starting an e-commerce brand
- Becoming an affiliate
- Becoming a content creator
- Blogging
- Offering services online such as coaching, consulting, etc.
- Building an online community
There are countless methods of creating WiFi Wealth. You just have to pick one. Now that you know the different ways that you can create WiFi Wealth, let’s get into all of the reasons WHY you should focus on building WiFi Wealth to reach financial freedom.
Recession-proof
When you focus on building WiFi Wealth, you are essentially building a business on the internet. There’s no way to guarantee a business doesn’t fail, but when you build a business online, it has a higher chance of surviving hardships such as recessions and pandemics. Internet businesses have a higher probability of weathering widespread economic declines because they require less money and energy to maintain. Think back to the pandemic when the whole world shut down. Businesses, especially small and “non-essential” businesses were doomed, but what types of businesses were steadily growing? Internet businesses! During the pandemic, people were stuck in the house because of quarantining and restrictions, so what did they turn to? The internet and social media — not only to entertain them but also for making purchases. In times of decline in the economy, the internet will always remain.
Low barrier to entry
It doesn’t take much to start building WiFi Wealth. However, when starting a business offline — whether opening a franchise, renting out a building to open a physical store, or buying real estate, you are going to be spending some money. Most real estate investors are not actually purchasing their properties. Instead, they are taking out mortgages. So, it’s costing them even more because they’re using credit.
When building an online business, you won’t incur many upfront costs. You may have to buy inventory and pay for a website, but that’s it. If you choose to go the digital route, you can create digital products for free, however, if you want to purchase from a supplier, you can license digital products to resell for as little as $5.
When it comes to starting a business offline, you could be out hundreds of thousands of dollars while lowering your credit score and taking on debt, but when you choose to build WiFi Wealth, you can hit the ground running for less than the cost of dinner.
Scalability
When building a business online, you can scale much faster than you could with anything offline. Because starting an online business is inexpensive to start and you incur much lower operating costs, online businesses usually have much higher profit margins and potential for scale than offline businesses.
If you’re selling digital products that you created yourself, you’ve spent nothing to do it. You’ve paid a small fee for your website or product listings and any products you sell are strictly profit. The only money you truly need to spend is money on bringing in more customers, however, there are plenty of free marketing methods.
All of this means you could see financial freedom much faster online than you could with anything offline.
Freedom
When building WiFi Wealth, you have the luxury of location and time freedom, which means you can work from anywhere at any time, whenever you feel like it. There is nothing like it. When you have a brick-and-mortar store, you need to be there at all times unless you have help. If you own a restaurant, not only do you have to pay employees, but you need to check in on things pretty often. None of this is required when you rely solely on the internet to make your money. You have the freedom like no other to live life how you see fit while working towards financial abundance.
More profitable
No one goes into business not wanting to make money, and with online businesses, you will be more profitable than anything you could do offline. With real estate, you’re investing a ton upfront just to see a small return. With the restaurant business, you have to constantly reinvest profits back into the business to buy ingredients, pay rent/mortgage, and pay employees. You don’t incur all of these costs when it comes to building WiFi Wealth which is what makes it more profitable than anything else you could do. You have lower startup costs, you can make sales 24/7 to people all over the world, and your business won’t be interrupted by recessions and viruses.
Final thoughts
WiFi Wealth is the freedom to work from anywhere, at any time, and create the life you want on your own terms. Building WiFi Wealth will allow you to reach financial freedom way faster than you could by taking the traditional route. It doesn’t have to take you years to build real wealth and have financial abundance. You simply have to know exactly what to do and focus on building systems that work. Here at WiFi Wealth, we’re focused on providing you with the knowledge to do so!
