Hello friends, this is Clark, and I welcome you to BecomeWealthyWithMe.com. On this post I want to share with you how to become a millionaire in 10 years, or shorter if you do it right. Just in case you’re wondering, I’m talking about becoming a millionaire with, say, a middle-class income or less to start with.
Creating An Online Business?
You may think it’s complicated to create an online business from scratch, but thousands if not more have done it, and are living on a passive full-time income (or much more).
Nowadays, even if you have a full-time job it is a no-brainer to start a business online, with the website technical aspects taken care of for you, and with the fact that it is possible to start for free.
Of course, later on down the line you can invest a few hundred dollars a year into your business to see some much larger returns, but that’s for your consideration once you’ve establish a presence online.
There are 4 steps to creating a business online and they are:
1) Choose a niche, or in other words a direction for your business. A niche is a group of people looking for the same thing – the audience that you want to market to. By the way, you do not need to create your own product. You might not even need to sell anything (see step 4 below). Examples of niches could be weight loss, food, travel, beauty, pets, the list is endless. Choose something that you enjoy. With 3-plus billion people online, and billions of dollars being spent on products/services online every day, even a tiny little niche can earn you a full-time income online.
2) Build a website, which is your online “store”. With a website, you’ll be able to develop brand and trust with the search engines and your visitors in a relatively short period of time.
The SiteRubix platform at Wealthy Affiliate allows you to build a website in less than a minute, and you can build 2 websites for free over there.
3) Attract lots of FREE traffic (online visitors), by publishing relevant, engaging and helpful content that helps your visitors to solve their problems, or get what they need. Nowadays, Google and other search engines are putting less focus on technical things like keyword density and back-linking, and a lot more emphasis on high-quality content.
4) Earn money. Once you have a website, one of the most popular ways to make money is through affiliate marketing, where you promote other people’s products and earn commissions. The word “marketing” might be scary to you, but you just have to communicate in writing the same way you speak to your friends. Thousands of people who have a successful online business do not have any experience in selling when they first started. Another popular method to make money is placing advertisements on your website, and each time a visitor clicks on your ad some money goes to you.
A $0 account at Wealthy Affiliate allows you to access free training lessons that are sufficient to guide you, in detail, to start your business online. You will learn the above and more once you join.
Below is a realistic estimate of the amount of money you can earn with a business online over the next few years, if you can publish high-quality posts (content):
Month 1: $0
(You have just set up your website, and published 5-10 posts on your site)
Month 3: $0-$500 per month
(Your content is starting to get “ranked”, and traffic is beginning to grow; you’ve published 30-60 posts on your site, and have made a few sales)
Month 6: $500-$3,000 per month
(Your website is beginning to gain some brand or “authority”; you’ve published 60-100 posts on your site, and are making at least several sales per week)
Year 1: $3,000-$10,000 per month
(The search engines are granting your site with some serious trust and authority; you’ve published 100-150 posts on your site, and are making sales every day)
Year 2: $10,000-$20,000 per month
Year 5: $20,000-$50,000 per month
(You’re a GIANT in the industry; you’re scaling your business through paid channels, and have hired several people – for writing content and designing your site)
And with an income of $50,000 per month, you’re most likely a millionaire already, unless you’re a VERY big spender!
Acquire The Right Mindset
If online business is not your thing, another, more general way to become a millionaire is through PRACTICING the law of attraction, which states that the images we hold in our minds (what we always think about) will appear in our lives. Some people think that the law of attraction is utter rubbish, but I will at least use it to get my mind thinking in the right direction before I get started on whatever I had planned to do for the day, including working on my online business.
To do this, decide on one major thing that you want to occur in your life right now. Turn it into a mental image. See yourself already having what you desire. Make the mental image move. Make it as real and vivid and intense as you can. Smile, move your hands, and act it out.
If you do it correctly, you will generate the feelings of having it now. You will feel joy and gratitude. You will feel excitement and anticipation. If feelings of anxiety (of whether you will get it) come up at any moment, just let it go.
The best time to do this is just before you fall asleep, and right after you wake up in the morning. So try this, and trust me, at the very least you’ll get your day off to a good start, and a good night’s sleep.
And that is all from me today. As always, if you have any questions or comments, please feel free to leave them below and I’ll be more than happy to help you out. Thanks!