A word of caution, to make money your product or service needs to be unique or stand out. So many people reach out to me about a new product they are planning to launch that 99% of the time is just a copy of someone else’s product. Either the course is the same, or the app is the same, or the physical product is the same. This is a surefire way to fail. Before you launch any product, spend AT LEAST 10-20 hours online researching other similar products and figure out what makes yours unique and why someone should buy it from you. And then sell that! If you can’t describe what makes it unique or valuable, then it’s likely not going to sell online.
If you’re an author, it could be Amazon rankings. If you’re a musician, it could be iTunes downloads. If you’re a programmer, it could be the number of people that use your software. If you’re a leader, it could be the number of people you train and develop who move on to bigger and better things. If you’re an online retailer, it could be purchases per visitor, or on-time shipping, or conversion rate….
But you have two choices when the market is falling and you’re losing money. You can flee, or you can stay the course. If you let fear take ahold of you then you’re likely to make the wrong choice. Psychologically, it’s pretty normal for us to equate price volatility with risk, and ironically end up doing risky things like selling at the worst possible time.
Thanks for this editorial. The one thing I found is that Jason Stone is the @Millionaire_Mentor on Instagram with 1.7m followers and keeps talking about making $10,000/mo on autopilot and how to flip houses with $0 down but I couldn’t find any proven results from himself except other than recently getting a poor guy Eric Mayers or @ejmayers to pay a franchise fee for Local Door Coupons because apparently putting coupons on people’s doors is the best way to get them to use coupons (and not online or groupon)? is this Ryan Matthews the same person as Jason Stone or different? Both seem to be scams for sure though!
Finally, there are some companies that will hire you to work from the comfort of your own home. If you’re interested in working for someone else, while still making your own schedule and deciding where to work from, here are a few companies that will let you do just that:
Many companies pay you for rating local pizza shops. You just have to rate the place on the quality of their pizza and note their delivery time. For this, you can get a free pizza, plus $5. Just register on Trendsource and get started.
My Millionaire Mentor leads to one of the worse scams I know, MOBE. MOBE is designed to scam people for tens of thousands of dollars and to do it with systematic machine precision. Occasionally, I get a highly emotional message from a MOBE recruit who drank the MOBE Kool-aid. They hate me. But, weeks or months later, when they are broke and disillusioned, they tell me they wished they would have believed me.
If you’re looking for more serious work, you could try your hand at a site like Upwork, where you can find bigger projects in the web and graphic design arena. Again, competition here is also fierce with many people attempting to undercut others. If you don’t have a solid portfolio and track record, you’ll find it difficult to make very much money at all.
If you have the natural talent and drive and determination to become a success in real estate, and maybe even a millionaire one day, we want to develop and perfect your skills in our exclusive Millionaire Mentoring Program. This limited-access program unites eager, ready-to-learn students who need extra guidance and confidence with experienced, knowledgeable Mentors ready and willing to give constructive advice and expert opinions. If you’re accepted into this program, your assigned Mentor will be there, time after time for six months, to give one-on-one, personal attention to you and your individual projects, prospects and problems. In a short period of time, your Mentor will become someone you can reach out to who knows you as well as your business and goals. A student-mentor relationship can segue into a life-long friendship and career-long, professional contact.
Set up your Acorns account so it dumps spare change from your debit or credit card transactions into an account. For example, spend $1.20 at the gas station, and Acorns will stash 80 cents away. Or set up your account so that every two weeks, it saves $20.
Investing in trainer will help you get your head in the game and play bigger. If you have nothing to lose than you will not work as hard. Unfortunately it is true people are motivated towards pain than pleasure.
Thanks for this awesome article Brandon. I was excited to see a new article in the “How to section” of the site. I love how to and I love millions so the combination is epic. And someday soon I’ll be there. 🙂
It is not so much a big idea that makes it big but how to execute an idea, even a medicore one, well that is the key. I think its a bit misleading to think of an idea to make millions. Many a tech start-up has died terrible deaths with that thinking. A better approach is to take an existing idea or business model and improve on it. After all, MS has made billions being 2nd into the market.
Cost: Free to submit an idea. If your idea gets selected for production, you’ll have to split the profits with both Quirky and the website’s community. The inventor gets a lifetime royalty of 30% of online sales (wholesale) and 10% of retail sales (in Bed Bath & Beyond stores) if Quirky decides to turn the idea into a product.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.
Indirectly, yes. By buying shares of Bank of America and Citigroup, Tepper became a part owner. Fine and dandy. But his shares had real value and gained in value only because of the billions in federal cash, the billions in federal asset guarantees, and the billions in cheap federal loans those banks collected from taxpayers.
Also known as Multi-Level Marketing (MLM), this is a business model that allows you to generate ongoing income in two ways: by making a commission selling products and by recruiting other members who go on to sell. The later allows you to make money from the sales made by those you have recruited.
Understanding how a potential salesperson thinks is about getting inside their head. You can do this through the use of deliberate questions that focus on whether they can be empathetic and compassionate.
Almost every small business would like to grow its revenues, but most are only working with teams of a few employees. While some marketing and growth tactics that work well for large corporations can be applied to small businesses, many cannot, and growing a new business from scratch is even more unique.
You can also review products you are an affiliate of, on your site, linking to the merchant’s site using your especial affiliate link, so that whenever someone buys the products using your link, you get your commission.
While statistics regarding financial assets and net worth are presented by household, the term is also often used to describe only the individual who has amassed the assets as millionaire. That is, even though the term statistically refers only to households, common usage is often in reference only to an individual.
I’ve really enjoyed hearing some more details about your story. You’ve told your story on a lot of podcasts, but this definitely felt like a more insider view. I’ll be hosting my first webinar shortly, so thanks for all of the great insights on that.
But when you find a way to serve a million people, many other benefits follow. The effect of word of mouth is greatly magnified. The feedback you receive is exponentially greater–and so are your opportunities to improve your products and services. You get how to become a millionaire without winning the lottery hire more employees and benefit from their experience, their skills, and their overall awesomeness.
Check your self-confidence. If it’s low, now is the time to build it up. High self-esteem and good self-confidence are essential traits to help you on your way. However, don’t let this delay you. You can fake it until you make it and the more you practice being confident, the sooner it becomes a part of who you are.
On the downside, some ClickBank products can be of poor quality, says Bethany Mooradian, owner of QueenoftheRandomJob.com. So some products are easier to pitch than others. One solution is to buy the product ahead of time to assess its quality, she says.
A great many people aspire to become a millionaire, but not so many people are pushing themselves hard enough to reach that particular goal. In a world where being a billionaire is now the new target for the rich, becoming a millionaire is a real possibility for many an average Joe, and it mostly comes down to good management, sensible thinking and occasional calculated risks.