how to be a millionaire in 3 years or less
TRANSCRIPT
How to be a
millionaire in 3
years or less
PRESENTED BY: LLOYD CELESTE
FROM THE BOOK: SPEEDWEALTH “HOW TO BE A MILLIONAIRE IN 3 YEARS OR LESS”
BY T. HARV EKER
Develop a speed wealth mindset
In the past, businesses grow in 10 to 20 years. Today, you can be grow your business in
3 to 5 years
The influx of technology today is a great opportunity for many business owners.
Facebook, Twitter, Hootsuite, Scoopit, Blogsites, etc.
These changes brings opportunity!
Quick change brings quick opportunity!
Deliver massive valueMany people failed because of money matters. Being motivated by money is not the end itself.
Money is a convenient symbol that represents and measure the value of goods and services
exchange between people. (T. Harv Eker)
If you don’t deliver a lot, you don’t paid a lot!
Deliver high quality products and services to your customers.
Remember the Law of Income:
You will be paid in direct proportion to the value you deliver according to the market place.
Supply and demand principle- when supply is limited, value increases
If you want to make any product or services, “Do it well, or don’t do it at all!”
Make your product unique above your customers.
Do not make a product which is completely the same with your competitors, find
your own “unique value proposition”
The quantity of your value is how much of your product or service is delivered.
If you want to get paid, you must deliver your value to people, if you want to get
rich you must deliver value to a lot of people
Clone yourself
Choose the right business at the
right time You have to learn how to gauge and time the market. You have to know
when to get in, and when to get out!
In order to start a business, you can model a proven winner. Easiest way to get rich. This means copying someone who is making a mint right now.
PIGGYBACK technique- affiliate to someone who is rich
Choose also under-marketed product
A business is a repeatable process that produces a profit.
Systematize
Create a business that works like a well-oiled machine- a money machine.
Your business system must be a repeatable process that can work even
without you.
You are the co-ordinator. The conductor of the orchestra.
Work on the business not in the business.
Once you have something that works, you concentrate on duplicating it.
Duplicate
Getting your product distributed to as many people as possible.
Find buyers who can purchase or sell large volumes of your products
or services.
You can sell your products to big online networks/ecommerce sites:
Ex. Amazon, Ebay, Etsy, many more
“Work smarter instead of harder!”
LeverageMeans doing more with less.
If you are not using leverage, you are working to hard, and earning to little.
Its not what you do, but how you do it.
Ask yourself, how can I provide people with my value, my products or services while I sleep?
Can you make money while you sleep?
Its possible!
LICENSING is a form of leverage.
Partnership marketing
Joint venture
LEVERAGE is starting a business with little or none of your own money.
Cashing Out
Start with an end in mind
You will never make as much money running a business as selling a
business.
Create a business in order to sell your business.
Do it now!
Practice whatever you want to be in the future, now!
Need more tips and advice?
Contact him at http://www.calbayogdirectory.com/connect-with-lloyd
Or connect with him at
Linkedin/lloydceleste