Do you know how people made millions of dollars back in my parents’ days?
They did things like own land, own banks, own factories, but these days there’s something called the internet.
There are many more ways to make money online now.
With the internet, you have the opportunity to make millions of dollars without investing a ton of cash or being well-connected or being born of privilege.
Hey reader, welcome to Wealth Ideas, and today I’m going to share with you seven secrets that will help you become a millionaire in the internet age.
A lot of people, especially the younger generation, they want to do everything.
There’s not enough time in the day to do 20 different businesses.
Yes, you may have 20 different ideas, but PICK ONE! They once asked Warren Buffet and Bill Gates what’s the one key to your success, and do you know what they both said?
They wrote it down on a piece of paper, and in their own words, they said focus.
So if those guys made their wealth, billions and billions of dollars, focusing, that means that you should too. You’re not an Elon Musk. You can’t do multiple companies at the same time. He’s an anomaly.
#2: Solve a vital problem
You don’t make wealth by just saying, “Hmm, today I want to make money.” The world doesn’t work that way. You have to help other people. You have to solve a problem. If you’re not solving a problem, then why are people going to give you money?
#3: Once you’re solving a problem, your solution needs to be easy to use or affordable
It has to be one or, the other. If it’s hard to use and it’s expensive, who’s going to do it? No one. Everyone’s lazy these days. Don’t believe me? Just check out your phone. You use Uber because you don’t want to drive. You use Postmates and UberEats because you don’t want to go out of your house to get food. Everyone is looking for convenience these days, so your solution needs to be easy to use, or affordable. If not, ideally, both.
#4: Learn from your mistakes
#5 Execute fast
If you want to move at turtle speed, well, you’re going to get trampled all over and killed. Speed and execution are preferred over perfection. So move as fast as possible. If you’re moving fast, and you’re happy with your progress, think again. You could be moving faster, and some kid who’s 15 years old, is probably moving faster than you.
There’s so much knowledge out there; you don’t need to go to MIT, Harvard, or Stanford to get all the knowledge in the world. You can just go to the internet. Learn from other entrepreneurs.
#7 Learn from your competitors
Whoever your competitors may be, go on the web and search for articles and interviews of the founder of that company. What you’ll find is in those interviews, these founders– And I don’t know why they’re doing this. They’re revealing all their numbers, their stats, their mistakes, and the secrets that help them grow these large companies. When you learn and listen to these podcasts and these interviews, you can take what they’ve done that was successful for them, and replicate that into your own business.
Now I want you to comment below on what business you’re going to start right now, and how you’re going to use these seven secrets to explode and grow your entrepreneurial career.