Things to keep in mind to become successful [ for future billionaires]

Discussion in 'Making Money' started by RankBoss, Mar 14, 2018.

  1. RankBoss

    RankBoss Jr. VIP Jr. VIP

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    First of all, my mother tongue is not English so, sorry if you find any errors.

    I am surrounded by millionaires but I am not one of them. I am just sharing what I learn this may be long but I write everything that I think will be helpful for you. If you find it useful in any way. I am happy to hear that.


    Things you need to do to become successful

    1.You

    Believe

    I found this is the most important step of all. You need to believe in yourself that one day you will be a successful person even if you have no degree, no home, friends, and family. People will say that you are a loser and good for nothing. Don't lose your hope by those words. It means they are not on your level to think like you. The world hates people who are different. Say this to yourself you are one in a million.

    Aim

    Always dream things that are hard to achieve. Don't set your goals on something that is very easy to reach.

    Think and act like rich

    You may don't have a home or money but It doesn't matter think like rich. Dream to buy a mansion, Dream to buy a supercar. Be obsessed with something that only a rich can afford. Learn how others become rich. Don't buy things in EMI this is what poor people do. Try to buy things with full payment if you can't afford it don't buy it.

    Don't care about others

    People may think that you are jobless and idiot, People don't respect you. Trust me they will respect you when you become a successful person. These people only care about your money not you so don't try hard to get their respect. Just focus on what you do.

    2. How to find a business idea?

    Don't follow others

    The world we are living is full of opportunities but the truth is most of us are not trying to find it. We are not discovering We are just always following others. I am going to start a blog because he earns xxx money. I am starting an E-commerce store because amazon earning billion dollars. Stop this!! you can earn money by following others but you never become a millionaire or a billionaire.

    Way to find a business that makes millions of dollars (Important):

    All business giants who are successful find their business ideas by simply finding a solution to a problem that they face every day.
    Yes, you can also find a billion dollar company. All you need to do is observe the things that you miss in your daily life. Things you find it difficult. If you find a problem in your life then try to find a solution for it. BINGO you find an idea.

    For example. One entrepreneur who is failed many times in business. He is broke because of this, no girl wants to marry him. The problem that he finds in his life is finding a life partner. This ignites an idea in his mind he started a dating site. He is now a founder of a billion dollar company.

    Always keep notes (Important)

    Yes, this step is necessary for all who are trying to start s business. Buy a small pocket size notebook or open a note in your phone. Always keep them when you are traveling. If you read the above two subheadings this is interesting. In your life you travel to so many places, meet many people and join in thousands of conversions. I guarantee there is a great chance that a brilliant business plan may spark or find a solution for some problem that no others have done before. Note that right away using your phone or notebook you keep because you will forget that within hours. There are many business ideas you already lost in your life. Don't leave your chances.

    I tell you my personal experience, One day I went to photocopy my documents I find two stores but what I find is much more interesting. People only going to one store other store is empty. I stand there with a huge question Why?. I asked myself why because I also thought to go to the one where the customers are. I found two answers.

    1. The store is in the second spot on a busy road. people moving fast see the advertisement of the first store when they get close they apply the brake, Unintentionally they stop at the second store and buy from them.
    2.But I came from the opposite direction. Here The second store is first for me. The advertisement board of the store2 is a black and white photocopy. I stopped in front of that store2 because I see the black and white image that resembles photocopy. I didn't even saw the other fancy advertisement board of the first store while I am driving the car because in my mind I saw what I want to see. I note this in my phone. Like this, I have noted more than 10 ideas which I can't disclose.


    3.Partner you trust

    Don't try to be a one-man army. You can't do it alone. All the companies that are successful now is a hard work of many people. Tell your ideas to who you trust and who you think that he support until the end of the journey. Don't include people who you think selfish and will leave you at critical times.

    4. Do it right now

    Don't wait for the right time. If you find an idea that makes you feel high and mighty start that idea as soon as possible. If you wait for the right time someone will start that before you. Don't make yourself look dumb.

    5. Investment

    Many people say that one can make money without money. It's not true. You absolutely need money. Acquire as much as you can before starting without it, You idea will be exposed and Someone will overtake you. why not one of your friends or staff with money can betray and overtake you if you are not aware. Don't think like you are wasting money on the business. Think it as an investment.

    6. Put your bet on marketing and PR

    I don't need to explain this. You already know the importance of marketing. Your success is based on your brand awareness and trust that create between you and your customers. For brand awareness do marketing and for trust use PR.

    7. Failure:

    Failure happens for most of the entrepreneurs. I started doing business when I was in college I failed 4 times till now I still not reach my success but I have hope that one day my time will come. Don't quit.

    Many of life's failures are people who did not realize how close they were to success when they gave up.
    - Edison

    8. Venture capitalist or investors

    If you can't start your business because of the not enough resources and investment. Try as hard as you can to find an investor. Don't afraid to disclose your ideas and don't afraid to give equity to them. What you need here is guidance and investment from them. Your success rate is high when partnering with a good investor.

    Without VC with VC
    Total profit a year Total profit per year
    $50,000 $1000,000
    \you get 100% You get 60%
    $50,000 $600,000​

    I think all the above is essential for success in my opinion. God bless
     
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  2. back2form

    back2form Jr. VIP Jr. VIP

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  3. RankBoss

    RankBoss Jr. VIP Jr. VIP

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    now you r two
     
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  4. Med Faker

    Med Faker Regular Member

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    i needed this motivational thread , thank you
     
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  5. nayannp

    nayannp Jr. VIP Jr. VIP

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    only thing i lack here is investment i guess.:(:(:(:(:(:(
     
  6. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

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    Thread moved to making money forum as it was not a journey thread.
     
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  7. Hobbe

    Hobbe Newbie

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    Thanks for the motivation :)
     
  8. RankBoss

    RankBoss Jr. VIP Jr. VIP

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    yeah me too
     
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  9. TheVigilante

    TheVigilante Jr. VIP Jr. VIP

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    Good logical pointers you got there OP!
     
  10. Panther28

    Panther28 Jr. VIP Jr. VIP

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    Good idea! I'll just have a bong!

    Seriously though good tips, let me share one with you that caught my attention from Gary Vee,
    Who I normally can't be arsed with, anyway, "Depth vs Width"
     
  11. Fueazd

    Fueazd Newbie

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  12. topakins

    topakins Regular Member

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    The take-away for me is:

    "Don't set your goals on something that is very easy to reach."

    I need this push at this point in my life. Thank you, OP.
     
  13. Holzr

    Holzr Senior Member

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    This is a big one. It's simple advice but people tend to think simple is stupid and overlook that fact that money is easy to make if you don't over complicat things. People always try and find the next big thing to be the next bill gates. In fact in most cases most businesses today that are successful copy an existing business model and improve it. The simplest ideas often make the most. That's why budinbusin like landscaping, cleaning and electrical etc. Can make a fortune. There's nothing flashy or revolutionary about these businesses but they are tried and tested. These types of local businesses also don't have fierce competition like national or international brands. It's just you Vs the next landscaper who may suck at marketing.

    TLDR: a new business doesn't necessarily mean a new product/service. Keep it simple and provide a service people need. If you can outmarket your competitors you'll make money. Business doesn't need to be complicated, techy or revolutionary.
     
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  14. darulez

    darulez Elite Member

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    Lacking the usual ...

    The rich Take 20 percent .. And invest it

    The poor spend all
     
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  15. Topiano

    Topiano Elite Member

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    Made some few Valid Points.
    Well appreciated.
     
  16. Nerva

    Nerva Jr. VIP Jr. VIP

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    Great tips. I personally think it's all about the mindset
     
  17. Pow3r

    Pow3r Registered Member

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    Great post. Gotta keep ground and pound.
     
  18. Xr0x

    Xr0x Jr. VIP Jr. VIP

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    Much appreciated.

    See you on top.
     
  19. ThatMarketGuy12

    ThatMarketGuy12 Registered Member

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    Great motivational post. A bit debilitating though if you have no investment whatsoever, but I get it, you need money to make more money. I only wish I can read more post of someone who made some money from nothing and used that money as an investment, like that BillyBatts's post. Still, this is a good motivational post and motivates to get out of this funk that I'm in after repeated failures at this stuff that I'm trying.
     
  20. elitesolutions

    elitesolutions Registered Member

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    Very cool tips. For me it's been all about being in the right place at the right time. Check out a book called "The Greatest Salesman In The World" by OG Mandino it was given to me by a mentor who is worth over $100 million USD and the book continues to change my life to this day. I wish you all success and don't forget to stay healthy!