🟡How to Create a Millionaire Money Making Cycle
The 4 step process to getting wealthy.
The money making cycle is a continuous cycle. It never ends.
It’s also a simple cycle.
Not easy, mind you. If it were easy, everyone would be wealthy.
But this is the simplified version of building wealth separate from a 9–5.
Read also: 3 daily habits all millionaires have ( digest this)
Before you can make a lot of money, you need to understand how money works.
You need to know the basics: how to earn money, keep money and ultimately grow money.
Step one: Get a financial education.
It’s all free out there.
Investopedia, NerdWallet, YouTube, Twitter. These places are your new best friends.
Step two: Think big.
Don’t think 1 million.
Think 10 million.
Step three: Set income targets.
You made 50k this year. So you want a new target of 70k within 2 years. Then 100k within 5 years. You get the idea.
If you can figure out how to make some money why not make more money…?
You have to sell.
No way around it.
To make more money you need to sell yourself, a product or a service. Or some combo of all 3.
We’re all salespeople.
Learn copywriting and sales psychology. YouTube and Twitter are your best friends here too.
This is the part where you need to get your products or service in front of people.
Marketing isn’t sales. It’s a complementary piece.
It’s where you get yourself in front of eyeballs and pique interest.
Social media is a great place to market for free. Build a personal or brand page on the major platforms. Then post consistent value based content.
Read also: How to start a business in three easy steps
This is where you grow your business.
This looks different depending on how your business operates.
Systems and automation will play a role regardless though. You need to create content systems. You need to automate payments. Build loops and cycles.
Once you start hitting 1k+ monthly, turn to scaling. Before that, focus exclusively on selling and marketing.
If you’re ready to build your online writing into a 4–5 figure/month business grab your copy of The Medium Formula for less than you’d pay for dinner.
CONTRIBUTED BY Cait Mack
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