If I started over tomorrow, these are the 10 steps that I would take to make $1,000,000.
I have been immersed in the Internet marketing world for over a decade now. I've built a multi-million dollar online business from the ground up.
Here's the best part – I started with nothing. So can you.
There are so many incredible opportunities that exist online to create wealth. The question is… are you ready to take action and work harder than you've ever worked before?
If you are ready to start your entrepreneurial adventure and want advice from someone who lives where you want to go, read this!
Watch the video below:
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This is how I went from zero to $1,000,000.
One of the most powerful lessons that I've learned along my journey to becoming a millionaire is that it's not what you get, but who you become that matters most.
Inside this blog, I am going to share with you the steps that I took to make $1,000,000 when I started with zero dollars in the bank. As I walk you through these steps, I'm going to act as if I don't yet have the skills that I have spent years of my life cultivating.
From personal experience, I can confidently say that wealthy people think differently from everyone else. Researchers who studied hundreds of self-made millionaires for several years have found that many tend to practice different habits or display heightened traits that help them build wealth.
Thus, to make $1,000,000 you will have to do what others will not. The hardest part is going from zero to 6-figures. However, once you get to this point, you can scale your business, fast.
Keep in mind that I didn't make my first million through investing in stocks or cryptocurrencies. Rather, it was through building an online business. If you don't have a lot of money, an online business is a great place to start.
As you work through each of the 10 steps that I'm going to share with you, make sure that you also do the work to cultivate an entrepreneurial mindset. A strategy will only take you so far. At the end of the day, you are responsible for taking action to create wealth. On that note, let's dive in!
Step #1 – Find a job that helps you cultivate a high-income skill
If you need to make more money, find a job that allows you to develop skills that will contribute to your entrepreneurial success. When I was 21 years old, I cultivated the skill of public speaking and coaching. I wanted to be in the business of helping others.
Soon thereafter, I started my first business, which was called Lifestyle Transformations. I facilitated free seminars every two weeks to promote my coaching services to people. The money that I made in my first online business didn't make me a millionaire.
However, the high-income skills that I developed in my role as a dating coach (sales, communication, marketing, coaching) have served me well in many other aspects of my online businesses today. In particular, in my role as a YouTuber.
Figure out which high-income skill you can master that will allow you to make good money on the side while you're building your online business.
For example, if you're a great writer, you could work as a freelance copywriter for entrepreneurs or companies. A role like this would allow you to master SEO and learn about the inner workings of an online business. This kind of knowledge is invaluable.
Step #2 – Choose a niche
A niche is a topic, category, or genre. You want to choose a niche that you have a passion for and that you believe in. Also, you want to choose a niche that has a high demand and potential for profitability. Study and follow successful entrepreneurs whom you want to model. Draw inspiration from their work.
Get to know the “ins” and “outs” of their business. What are they offering? How are they making money from this niche? Whichever niche that you choose, you want to go deep with it so that you can build a brand around it.
Step #3 – Build a brand
Simply put, a brand is a name that a mass number of people recognize and associate emotion with. Your brand is derived from who you are, who you want to be, and who people perceive you to be. More importantly, it is what differentiates you from the competition.
In the words of Jeff Bezos, “Your brand is what other people say about you when you're not in the room.” Your logo and your website are key components of your business that communicate what your brand is all about. They reflect your brand identity.
Step #4 – Create content
The best way to build your brand is through content creation. Content is king. It's everywhere. Content comes in many different forms – video, social media updates, blog posts, articles, podcasts, infographics, and eBooks.
There are a variety of different platforms that you can create content on, whether that's Instagram, YouTube, Twitter, Facebook, or any of the podcasting platforms.
I love being a content creator. It's what I spend the majority of my time doing in my business. Creating content is what has allowed me to attract hundreds of thousands of people to my YouTube channel and blog and build my brand to where it is today.
Content marketing is a great relationship-building tool. Identify what your customers' problems are and create content that helps them solve those problems. Doing so will help you build trust and create raving fans who end up buying from you again and again.
If you want to become a millionaire one day, you should publish content at least 3 times per week. Video content, is by far, one of my favorite ways to deliver content to my audience. If I were to start over, I would have focused 80% of my content creation efforts towards YouTube.
I suggest publishing videos on a variety of different topics related to your niche. Also, experiment with different types of video marketing, whether that's product reviews, vlogs, interviews, or Q&As.
See which videos get the most engagement and then create more content on those topics. Keep in mind that, for the first few months, you'll be creating content that nobody consumes. Push through and don't give up. Eventually, engagement will increase.
Step #5 – Do affiliate marketing
Once you start creating a lot of content and have a pretty solid following, start leveraging the power of affiliate marketing. Affiliate marketing is the process of earning commissions by promoting other peoples' products or services.
When choosing affiliate products, I suggest not promoting anything that you haven't used or benefitted from yourself. Only promote products that you feel will change people's lives.
I would encourage you to choose 1-3 products and act as if they are your own. Market and promote them as if they were under your brand. If you want to make $1,000,000, I would suggest promoting higher ticket affiliate products.
That being said, remember that affiliate marketing is not a get-rich-quick model of income. If you're willing to stick with the process, long-term, there is no limit to how much money you can make.
Step #6 – Sell on Amazon
So much money is being made on Amazon right now. It's too hard to pass up on this opportunity. By selling on Amazon's platform you get access to hundreds of millions of their customers (in the U.S. alone). Amazon is the largest eCommerce search engine. Thus, it's easier to rank products.
When it comes to selling on Amazon, you can either sell books or physical products. If you decide to self-publish, write books that are relevant to the content that you publish online. A book is easy to write if you're already in the habit of creating content.
Publishing books is a great way to generate leads and build your brand. In this video, I walk you through how you can create $10k/month in passive income with Amazon book publishing.
If you want to take advantage of this opportunity, I've got a course that I created called Mastering Book Publishing where I share my step-by-step system for publishing books on Amazon.
Publishing your book on Amazon is half of the battle. If you don't market your book effectively, nobody will ever find it!
This is why I also created a course called Mastering Book Marketing, which teaches you my best marketing strategies for getting more Amazon book sales. Book publishing is the most beginner-friendly way of making passive income online.
However, if you want to create financial freedom, I would sell physical products on Amazon related to your niche. An Amazon FBA business costs more money to build, but the potential to make larger sums of money is greater.
If you want to learn more about selling on Amazon FBA, check out my FREE 4-part video training series where I share my Amazon blueprint for success and how you can create your first $10k month selling online.
Step #7 – Create a funnel and an email list
A funnel is similar to a landing page. You want to give people something of high value so that you can collect their email addresses. By doing so, you build an email list.
When it comes to creating a funnel, I suggest using ClickFunnels. They have a lot of great tools that help you market and sell your products online.
An email list gives you the ability to connect with and build relationships with people. More importantly, it's a great place to promote your newest products or services so that you can scale your business. AWeber is a great software for building and growing your email list.
Step #8 – Create a 30-day email follow-up series
Once people opt-in to your email list, you want to write out an email follow-up series that can be created using AWeber. Within your email follow-up series, you want to make sure that you're always adding massive value to your subscribers.
These emails provide you with an opportunity to deepen the relationships that you have with them. Email sequences can move people through a journey of not having ever heard of your company to becoming a customer and (potentially) a raving fan.
A great way to increase email engagement is through storytelling. When it comes to your email writing, aim to tell a story in a way that allows your subscribers to connect with the message that you're trying to get across. Always strive to help people first. The money will follow.
Step #9 – Coach people
If people benefit from your content, there will be a percentage of them who will want to work with you more intimately. Coaching isn't passive because you're trading your time for money.
However, it allows you to build your coaching skills and carve out a name for yourself as an expert in your field. More importantly, it allows you to connect with some of your audience members on a deeper level.
Step 10 – Create an online course
At this stage of your entrepreneurial journey, you have enough data to know what people want from you. In an online course, you're breaking down what you would teach people in a series of 1:1 coaching sessions and providing them with a system for achieving a specific result.
An online course is a great way to scale your online business because it allows you to reach a lot of people.
If I started over again with my online courses I would probably have created something similar to what I've done with my Life Mastery Accelerator and Online Business Mastery Accelerator group coaching programs.
Conversely, I may have created a high-ticket course around a very specific topic that had a coaching element to it, and maybe some done-for-you services.
If I started tomorrow, these are the 10 steps I'd take to make $1,000,000.
Your life path may look very different from mine, which will mean that the steps you take will be different. That's totally OK. Know what your passions and strengths are and leverage them.
Entrepreneurship is a journey. The plan that you start with may not be the path that unfolds. Be flexible, stay open, and be willing to pivot if need be. It may take years to grow your wealth. It did for me! However, don't let that stop you.
Remember that it's who you become along your journey to success that matters most. Embrace the journey. Every step that you make is leading you to $1,000,000.
Are you ready to escape the rat race and design life on your terms? CLICK HERE to take my FREE 60-second online business quiz to find out which business model is best for you!
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