While having a conversation with a friend at the saloon, I shifted the focus onto ways of making money. The friend has many employees at this salon which is one of his branches, a total of 12 employees including a manager and a receptionist. We were however day dreaming where he aspires to be a billionaire, which off course sounds great but first one has to think on how to make a million. He expressed clearly that when he becomes wealthy, it is because there are some steps which he has taken, so let me share what he said with you.
In any country, the best way to become a million dollar and take the self made title is to be the best in any country. See, the 80:20 rules which says that only 20 percent of population in the society makes 80 percent of the income and success is very true but what do most people don’t know is that the top 1 percent of whatever area or industry dominate in all aspects there is such as earning money in that field success in that field and many more.
One more method of becoming a millionaire is licensing trademarks and naming them in legal ways. In the last couple of years, I have observed that many people began selling names over Telegram, the same way those people used to sell company trademarks in the past. You cannot make a mistake when it comes to marketing because people will always buy into something that solely belongs to them. You can still have a skill without owning a low startup business, which is alright because you can always make something and get a patent for it and then license it to any company that may be willing to pay in cash, shareholders or even in royalties.
In our discussion we also came to an agreement on dropshipping but in other to practice this method effectively, it ought to be under your brand but if you are unable to do this, then it is better to simply launch an average tiny company and systematically expand it over time. This’ll be a long process, but believe me, if you find a way to pay yourself, you should then be able to manage your financial resources pretty well.
Continuing with the business creation, the other way of becoming big is through purchasing a franchise. This is helpful especially when one does not want to start from scratch since starting a franchise is easier than starting a new business. You will be required to pay a franchise fee and a percentage of the company revenue for the company and they will offer everything that is required including the expertise.
Having stated that, how do you believe a person without a lot of money may begin to become a millionaire? By investing in oneself. This is because investing in oneself is the finest investment one can make.
One of the constant issues I think I have noticed that our community is facing is a lot of people want to be a millionaire but are not yet ready to pay the sacrifice to do so and at the end of the day, they are far from been a millionaire
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit