3 Simple Steps to Becoming a Millionaire : Under30CEO 3 Simple Steps to Becoming a Millionaire : Under30CEO
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3 Simple Steps to Becoming a Millionaire

| May 27, 2011 | 22 Comments

simple stepsIf you are like most people walking through the world today you have likely fantasized about making millions of dollars at some point in your life.  Perhaps some of you have even had some great ideas some where along the way.

Even though many of us have probably had the urge at times to chase these million dollar ideas, few of us ever actually go ahead and attempt to turn these dreams into a reality.

So why do so few people actually go ahead and attempt to start a successful business venture?

Most people convince themselves that attempting to accomplish this is unrealistic, irresponsible, and too much work for the average person walking through life.

The truth is, creating a million dollar idea is far from unrealistic.

In fact, a million dollars does not carry nearly as much weight as it used to and is much more attainable then one might think.

As Justin Timberlake famously says in The Social Network, “A million dollars isn’t cool, ya know what’s cool?  A billion dollars.”

While I respectfully disagree with Mr. Justin Timberlake, there is some insight to be gained from this statement.  These days, a million dollars is not all that big a deal, and much more attainable than ever before. But perhaps the best part is, there are about a million and one ways to reach this goal. You simply need to learn the secrets to getting started.

The following are the three steps you should take in order to create your very own million-dollar idea:

Step 1 to becoming a millionaire – Find a void in society that needs to be filled.

Finding a void in society is the most important step you must take if you wish to become a millionaire.

Ask yourself the question:  What need does society have that would make life easier for people or increase the quality of life?

If you can answer this question, you have won ninety percent of the battle.  Where there is a need, there is a market.

For me, the void came with online dating.  After struggling for years with online dating, I came to the conclusion that there were millions of men all around the world that were struggling with online dating just as badly as I was.  After eventually learning the secrets to attracting women online any time I wanted and conquering online dating, I realized that there was a huge void for those who needed help with online dating.   Millions of men were struggling and there was just about no help out there that was actually useful.  I decided that I wanted to help fill this void, which is now known as The REAL Online Game.

My point is, I knew there were millions of people just like me out there, and a need that had to be filled.  So ask yourself, what need are you able to fill in society?

Step #2 to becoming a millionaire – Pursue something that you have a large passion for and high level of expertise with.

I write about online dating because I am passionate about it and truly want to help people succeed.  As someone who has a teaching degree, and as someone who is also the son of a teacher, it is in my nature to want to help people.  In addition, I have an extremely high level of expertise with online dating and can back my claims up.

My point is, any money that I receive comes secondary.  The desire to help people and my passion for what I do comes first.  You must be passionate and knowledgeable about whatever business venture you are attempting to run.

If you are not passionate about what you do, customers will not only sense this, but it will come across in the product or service you deliver.

Being passionate and having a strong expertise will help you to deliver a top of the line product/service and keep customers coming back for more.

So ask yourself the question, “What am I passionate about?”

Once you figure this out, ask yourself how your expertise in this area can help to benefit people.

And if you don’t have the expertise that you need, not a problem.  Start learning!  There are a million ways to become an expert at anything you do with all the knowledge available these days.

Step 3 to becoming a millionaire – Create a business that people can trust.

So you found a void in society that you are passionate and educated about.  The final step is to start building a business that people can trust.

People may like the product or service you are offering, but if they don’t trust your business, they will go elsewhere.  This is why most people tend to shop at chain stores and only buy name brand products.  They know that they are buying products and services that they can trust.

There are actually a ton of ways to build the trust your business needs.

For example, one way I build trust with my clients is by offering a 110% full refund guarantee.

These days everyone offers a 100% guarantee.  This is essentially worthless to the customer because most people don’t want to go through a hassle, merely to get back what they paid.

By offering an extra 10% I take the risk out of the customer’s hand, and place the risk solely in my hands.  This consequently builds trust with the customer.

Other ways to build trust with customers is by gaining quality reviews, establishing a social network of fans and people who appreciate your business, registering with business bureaus, offering great customer service, etc.

There are countless ways to build trust with potential customers.  The sky is the limit.

Bottom line:

Don’t be afraid to dream big.  There are a million and one ways to make a million dollars.  Just find that void, build that knowledge, and get to work!

And if you get to that elusive billion-dollar mark, don’t forget my tip

Joshua Pompey is author of The REAL Online Game, the world’s most successful online dating guide.  Click online dating advice or online dating tips for more great information on what this guide can do for you.

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  • http://www.online-business-virtual-assistant.com/ Virtual Business Assistant

    Great tips ! I was amazed by the topic itself . It says how to become millionaire and no wonder every one will tend to read this one as I did.  Its true that if we find the void and show our passion there is no stopping us from becoming a millionaire.

  • Anonymous

    Hussling my way to make my first million with my new startup – “We can change blogspot into a company website” http://www.blogmakeover.net

  • http://www.GenuineThriving.com Jeremiah Stanghini

    I find that the intersection of #1 and #2 would be somewhat of a “sweet spot.” It reminds me of Ken Robinson’s “The Element,” a great read on this subject. Often times, I find myself letting my mind wander to some of the “larger” problems facing our culture and planet. In those times, I’m often trying to find a void that needs filling — something that we don’t know is a void, but is a void. A great example of this is Facebook. Ten years ago, could we have predicted that we would spend this much time on the internet socializing in this capacity?

    With Love and Gratitude,

    Jeremiah

  • Devin

    This is really generic “RA RA” advice. You find this kind of information everywhere, and it’s not really inspiring or useful. Sorry to be a dick, but it’s really not. 

    I’d argue that it’s slightly misleading, because your niche of online dating isn’t a real problem society suffers. (be honest, the world has real problems not related to dudes having trouble getting their….on)
    Your niche demonstrates that you don’t need to solve society’s problems to make a million bucks. One could argue that online dating, facebook, and many services are not actual problems being addressed, or solved. 

    The pet rock didn’t fill a void in society, silly bands didn’t, and million dollar homepage are examples of fads that paid off big for their creators. 

    Again, sorry to be a dick…but the article could have been a lot better. 

  • Devin

    Depends how you look at it…in my opinion facebook hasn’t solved any of society’s issues…in fact it’s made a few of them. Cyber-bullying has led to an increase in teen suicide for example, and many people spend way too much fucking time online.

    Now social media is great because it not only is a marketer’s dream come true…but it’s given shoe strapping entrepreneurs like us the ability to make a living and get our business competing with the big players.

    Still hasn’t solved any bigger problems for the average joe though…

  • http://Under30CEO.com Jared O’Toole

    Thanks for the comment Devin but I would have to disagree. A lot of people out there don’t hear this type of advice. That’s the point that way to many don’t dream big because they just have trouble seeing its all possible. Sometimes the simple advice is the best and most people need to be reminded of it.

    I would also say that dating is a huge problem out there or else it wouldn’t be a billion dollar industry. A lot of people have trouble finding and connecting with others so it serves as another method to do it that tons of people use.

  • Online Dating Advice

    Devin,

    I would have to argue that to each his own and that “problems” are all a matter of perspective and what is important to the individual in life.  For some people, problems are societal, cultural, religious, world hunger, peace in the Middle East Etc.

    For others, finding happiness and a significant other takes precedence as a top priority in their life.  For many of these people, loneliness and finding happiness is a problem because it’s important to them although you seem to underwrite this as frivolous.  I know personally that nothing is more important in life than human connection but that is my personal feelings and everyone is different.  And for anyone that has ever tried online dating whom is a guy, and feels the same way about connecting with others, it can be very crushing and debilitating to find just how hard it is to gain a woman’s attention online after failing to meet anyone in the real world.  It feels as if a last hope as been stolen away and it is a crushing feeling of despair, and sometimes complete loss of hope.

    I would also argue that with millions upon millions of people signed up, and 90% of men failing, it would count as a problem that society is suffering from in the modern world. Where you rank this problem is obviously dependent upon your views of what matters in the world.

    Finally, The REAL Online Game is about more than guys as you refer to it, “getting their… on.”  It’s about helping guys reach the potential they are looking for, whether that is a hook up, or long lasting love.

    As far as this advice being “RA-RA,” many of the most successful people in the world whom I idolize, look up to, and have inspired me to put together a product that will truly help people in society stress the ultimate importance of making things simple.  The two top people I admire and follow are Donny Deautch and Timothy Ferris.  Love them or hate them, they are millionaires who stress simplicity.

    Although, it should be noted, making money is always the last goal.  The main priority is passion and desire to help people.  Everything else comes secondary.

    Joshua

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  • Narender

    gr8 what steps i m totally finished i m going to do all steps really impressive keep posting other steps also. 

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  • http://conceptual3dartist.blogspot.com/ joseph

    Thank you for your article! I have not read something like this for a long time and its heartening to do so again. Thank you for your encouragement. Certainly great food for thought! Actually, i feel dating is a huge thing thesedays and massive market but only when one is able to harness upon it and i believe u did. It is certainly also a void that needs to be filled in many societies, more so now than ever before, because basically, everyone of us is into love, relationship, dating and all such stuffs, as more and more people face problem finding partners in their direct circle, they end up going online since the internet is like everyone’s second best friend thesedays and there is at least 1-2 pcs in every households thesedays, just to search for potential mates and partners. In our near future soon, online downloads and sharing will be hovering in the billions daily. Anyway thank you once again! Cheers! :)

  • http://conceptual3dartist.blogspot.com/ joseph

    Thank you for your article! I have not read something like this for a long time and its heartening to do so again. Thank you for your encouragement. Certainly great food for thought! Actually, i feel dating is a huge thing thesedays and massive market but only when one is able to harness upon it and i believe u did. It is certainly also a void that needs to be filled in many societies, more so now than ever before, because basically, everyone of us is into love, relationship, dating and all such stuffs, as more and more people face problem finding partners in their direct circle, they end up going online since the internet is like everyone’s second best friend thesedays and there is at least 1-2 pcs in every households thesedays, just to search for potential mates and partners. In our near future soon, online downloads and sharing will be hovering in the billions daily. Anyway thank you once again! Cheers! :)

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