Tuesday, November 3, 2009

Become a Millionaire By Age 30

This is a step by step guide that will make you a millionaire before 30. If you want to learn how to become a millionaire by 30 then you are in the right place. This is a fool proof plan that can be achieved by anyone wanting to become a millionaire. You do not have to be under 30 to do this, you can do it at any age and achieve great success.

1. Discover What You Love
Studies have shown that the best way to earn money is to do what you love. When you are passionate about something you will naturally want to do your best in that area. This natural drive is what causes people who work doing what they love to be more successful

Action point: Write down 10-20 things that you love to do. Spend about 15 minutes doing this. Then choose the 1-3 things that you love the most

2. Find a Need In That Area
In order to become a millionaire you need to find a need in the area you love. Personally I love making money online and there is a need to teach people how to do this. Maybe you love soccer and there is a need to create a training program. Maybe you love reading and writing and there is a need to teach deaf children how to read. I don't know, but think of a variety of needs.

Action point: Write down 10-20 needs for the area that you love. Then choose the 1-3 needs that you believe you can answer

3. Ask If People Are Desperate To Fill That Need
For the needs you have chosen that you believe you can fill ask the question whether or not people are desperate to have this need met. You want people to be desperate to have this need met because then you have hungry buyers and you can become a million before 30.

Action Point: Rate how desperate people are for this need to be met on a scale of 1-10 with 1 being not at all and 10 being extremely desperate. The higher the number the better

4. Ask How Many People Are Desperate To Fill That Need In Their Lives
If you have discovered something that you believe you can create that people will be desperate to fulfill the need of then you need to ask how many people are desperate to fill this need in their lives. The more people the better. You can still make a lot of money in a niche market, but too few customers equals not enough money

Action Point: Write down the percentage of people with this need would be desperate to fill this need. Estimate a figure of people in your nation who are desperate to fulfill this need.

5. Create Something To Fill That Need
Now is where the real action begins. Now that you know your target market (the people with a need that are desperate to have that need met) you are going to create your product for these people. You should never create a product and then look for the market, always look for the market first, then create a product. Now work out how you can create your product so it can fulfill the need

Action point: Write down the product you want to create and something you can do today to work towards getting that product created.

6. Get Others To Sell Your Product For You
You can easily become a millionaire by selling your own products, but you will fail to have a life because you will be working 12-16 hours per day. The important thing is to find other people to sell your product for you. Offer them a good commission on the sale of your product and they will work their asses off to make you money. This is where you sit back and watch the money come in.

Action point: Contact people in shops, or people with websites about them marketing your product for you. Offer them a great deal.

7. Trim The Fat
There is a rule that says 20% of your effort will bring in 80% of your results. This means you need to distinguish the 80% of effort that is only bringing in 20% of the results and you need to cut that 80% out of your life. This might mean a slight pay cut in the immediate, but you will earn more in the long run as you are freed up to pursue more opportunities that are in the 20% effort 80% return category.

Action point: Look at where you are spending your time and what is producing your results. Being busy is not the same as being productive. Only do those things that are productive and cut the rest out of your life

8. Continually Learn More
It is important that you continually learn about different ways to make money so that you can have multiple streams of income.

You live in a time where getting rich has never been easier. We live in the information age and the ability for anyone to join the ranks of the rich and mega rich has gotten easier and easier. You just need to know how you can become rich. One of the best ways to learn how to become rich is to join a training program. There are loads of scammy training programs that will charge you thousands of dollars for useless information. But I have found a great FREE training program at http://www.richacademy.com. Better yet if you sign up today you will receive a free audio teaching worth $27. So hurry and sign up today and start learning how you can become rich.

Article Source: http://EzineArticles.com/?expert=Ryan_Mclean

1 comment:

Unknown said...

How to Become a Millionaire- The truth is, unless you're lucky enough to receive a sizeable inheritance, you'll need to navigate your own route to prosperity. But while Bill Gates-style megawealth may be elusive, becoming a millionaire is definitely within reach of those who start young and develop the right habits. And anyone, at any age, can develop the traits that increase wealth and decrease debt.