🟡How to Create a Millionaire Money Making Cycle
The 4 step process to getting wealthy.
Campaign Creators
The money making cycle is a continuous cycle. It never ends.
It’s also a simple cycle.
Learn MoreNot 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)
#Money
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…?
#Sales
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.
#Marketing
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
#Scaling
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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