How to Make your First Million
I’ve come across a lot of people who work long hours trying to make money to achieve their dreams and goals. Most of them hope to make their first million someday.
People, in general, believe that they ought to ‘dream big,' come up with ‘brilliant idea’ or even ‘follow their passions’ to become financially successful in life. The truth is that there are many passionate and hard-working people out there who are almost broke.
So if you’ve got big dreams of becoming a millionaire, I have something very important to say to you. Yes, passion, bright ideas, and hard work do matter but only to certain extent. If you’re really talking about making your first million, you have to have a strategy and a system that’s different from the normal mindset around making money.
Defining a New Way to Think
Most people think they can work their way up in life by performing exceptionally well at the workplace, getting a promotion, and saving money. They hope to buy a house, refinance if prices are going up and perhaps even buy a few investment properties. They’re thinking in ways that don’t really work.
Most individuals aren’t making enough money to invest, and it’s ultimately never going to get them anywhere. The big shift in my thinking and strategy helped me make my first million. It took me two years to make that sum of money, and I eventually gave up my regular job because I started making more money with my system than my job.
Rather than selling my time in a business or a job, I started with a business model called Affiliate Marketing that I could duplicate to make money. Let’s say if I am making $100,000 a year for being a very productive employee or businessman, I can’t duplicate me and make $200,000 a year. I can, however, duplicate my ‘Affiliate Marketing Campaign’ because it’s a product, it’s not time.
Affiliate Marketing, in a nutshell, is about generating leads, traffic, and subsequently sales for a product or a service. You’re essentially promoting a business’ goods and services, and helping them drive their sales. The great thing about Affiliate Marketing is that you’re using the retailers’ website, products, and fulfillment services, and you’re getting a commission in exchange for the sales you’ve made.
The point I’m trying to make here is that you can duplicate a successful affiliate marketing campaign for another product, and continue to grow your income. The best piece of advice I could give you is to stop trading your time for money and find a system that you could duplicate.
Let Your Business Model Work for You
There are a lot of business models that are product-based and not time-based. Once you learn and implement them, your money-making business model will work for you 24/7, 365 days of the year. E-commerce doesn’t stop when you go to bed. Online retailers are open for business all day and night.
So if you’re ready to learn this stuff, go through a few tutorials, and get an overview of affiliate marketing, you’re more likely to make that first million sooner than you thought possible.
Sounds Interesting? Check out my free video series on affiliate marketing.