7 Simple Millionaire Basics
People always want to know how to make a million dollars. That seems to be a pretty standard goal for most people. I can’t tell you exactly how to make a million dollars, but I can tell you the staunch fundamentals I’ve used to get me where I wanted to be: making massive amounts of cash every year. They are simple tricks that anyone can adapt to their business and life to start achieving the success you want. So take a look at the 7 tips I’ve collected to start thinking in the right direction.
1. Specificity. The truth is, you can be a big fish in a small pond or a small fish in a large pond. What do you want to be? A big fish in a small pond, right? Whether you are starting your business or have been for a while, you will benefit when you focus on who you and your business are. Take a laser-like approach to your business. If you try to have too many projects in too many areas, you will fail. It’s just a matter of when. Believe me, I know this because I have been tempted by the allure of more projects that equal more money. But I quickly discovered that when you stretch your energy, time, and focus into various niches, you lose not only focus but money as well.
2. Create and perfect your flagship product. This goes hand in hand with your market specification. Take a look at your business before defining exactly what you want your flagship product to be. Not only should your flagship product be a source of income for you, it should also bring people what your business is about. Focusing on a main product will also help you determine which complementary products to sell and which products to steer clear of.
3. Fail fast. It doesn’t have to be right, you just have to start it up. I say this to my employees all the time. I don’t care if you’re not perfect at something right away. Just keep going. The sooner it starts, the sooner it will fail. The sooner it fails, the sooner you can start getting it right and perfecting it.
4. Be aggressive. Very often we hear that being aggressive is not okay, but that sucks. In marketing, specifically internet marketing, you have to be aggressive. If you don’t constantly expose yourself, you won’t get any results. You have to be on top of sending emails, generating traffic, and closing sales. If someone doesn’t like your perception of daring, so be it. The product or service you offer is not for them anyway.
5. Always know your numbers. Every time something happens in your business, you need to know about it. Whether you’ve made a sale or your conversion rates are dropping, you need to know these numbers. Knowing what your numbers are, where they should be and where they shouldn’t be is key to staying successful and moving forward to achieve higher goals.
6. Systems. This is a huge mistake that I see many entrepreneurs making, especially internet marketing newbies. The trick to optimizing your business is creating systems. From who does what, how they do it, how their numbers are tracked, even the smallest details of your organization must have a system in place. Systems make things faster and more efficient. Without them, your business will be in a state of chaos.
7. Never stop making and achieving goals. If you stop creating goals, you will stagnate. Once you stop striving to achieve your goals, your business ends. Even if you don’t reach the goals you set out to achieve, that’s fine. Just don’t stop.