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What Self-Made Multimillionaires Know that You Don’t (and How to Become One)

If you want true financial security, it’s not enough anymore to be a millionaire – you’ve got to be a multimillionaire. So how do you join the ranks of the 1%?

What Self-Made Multimillionaires Know that You Don't (and How toBecome One)

Make a firm decision to be a multimillionaire. Your first step is making that firm decision and then reaffirming that decision several times a day. See yourself rich, feel yourself rich, be rich in your heart and mind. This is where it starts and this is the first step to realizing your dream.

You must lose the poverty thinking. No matter what you were taught about money being evil or scarce, you’ve got to let go of those beliefs once and for all. Abundance is all around you when you open yourself to it. Like attracts like, so if you’re thinking poverty, you’ll just get more poverty.

Continuously think of your multimillionaire status as real. Since you can’t hold two opposing thoughts at the same time, if you’re thinking about how little money you have then you’re not thinking about getting rich. You’ve got to feel abundance throughout your entire body, and meditation combined with visualization is a great way to achieve this state.

Stepping stones are okay. In fact, they’re great. One of the biggest obstacles new marketers face is that $10,000 a month wall. They think they should be making this amount of money from day one, but the fact is you have to start somewhere. If that means getting your first $10 day and working up, so be it. Most self-made millionaires began with one small step on their journey and then simply never stopped growing and moving ahead.

It’s not just money, it’s also something else. This might be making a difference, proving yourself, living up to your potential, making the world a better place or leaving a legacy. If your sole focus is the money, you’ll find that all the money in the world won’t make you happy. But if you have other goals beyond the money, being rich can make you happy indeed.

Get yourself some millionaires. They say you are the average of the people you hang out with, and that includes your income. So find wealthy people, whether you know them personally or read their blogs and books.

Buy time. Rich people buy time while poor people sell time. Nothing is more valuable than time, and this includes money. So anything you can outsource to someone else, whether it’s work related or home related, should be outsourced the moment you can afford it.

Forget spending – invest instead. You know that new car you want to buy? What would happen if you took that $30,000 and instead of buying a car, you invested it for 20 years at 7% interest compounded monthly? You’d have $121,162. If you bought the car, in 20 years you would have nothing of that money.

Millionaires-in-the-making invest when they can, whether it’s in their business, their education or in their portfolio. Instead of buying a house, they purchase an apartment building that produces cash flow and tax write-offs. Instead of buying a car outright, they buy cars for their company and then deduct them because they’re used during work, and so forth.

Create multiple sources of income. The more revenue streams you have, the more money you can potentially make and the more secure you are should one of your streams dry up. This is why marketers go into more than one niche, create more than one product and look to earn money in multiple ways. Remember when Google made junk Adsense sites obsolete? Those with many different streams of income were the least affected, while those who depended solely on Adsense were devastated.

Take advantage of trends. Right now one of the hot trends is finding inexpensive products and selling them at huge mark-ups on Amazon. Eventually the competition will be severe and something else will be hot. That’s okay. If you stay flexible and keep a close eye on the marketplace, you’re ready to take advantage of trends as they happen while also building a solid, reliable business you can count on.

One last note: Self-made multimillionaires are confused by people who aren’t rich. They don’t understand why you can’t do the very same things they do – and they’re right – you can.

Perhaps the biggest obstacle to creating great wealth is the mindset. If you believe that money is limited, or evil, or that rich people are bad, then you’ll never get rich yourself.

But if you can focus on abundance, if you can create a clear picture of where you’re going, and if you can feel satisfied with what you have right here and right now, then you can achieve wealth.

Lack leads to lack. Worrying and stressing about your lack is only going to produce more lack. By all means get fired up and excited about what’s coming, but while you’re making it happen, let abundance flood your very being.

10 Sneaky Persuasion Marketing Tactics

People are nothing if not predictable. Let me give you an example: If you say to someone, “You’ve got a great job.” They will invariably tell you why it’s NOT great. But if you say to them, “You’ve got a lousy job.” They’ll tell you why it’s actually a very good job.

10 SneakyPersuasion Marketing Tactics

Knowing the triggers you can use to activate certain behaviors in prospects can help tremendously to increase your conversions and your bottom line.

That’s why I’ve compiled 10 slightly sneaky methods to get your audience to do your bidding – or stated another way, here are 10 methods to get the public to buy your product and share your message with the world.

People crave entertainment like they crave air, and they always need more of it. A good analogy is caffeine – in the beginning, the smallest amount of caffeine can give you a nice little buzz. But the more caffeine you use, the more you need to achieve that same buzz level.

Entertainment is no different. The movies of the 40’s weren’t fast paced enough for people of the 60’s. The music of the seventies can’t compete with the music of the 80’s. The comedy of the 90’s seems tame compared to the comedy of now. Why is that? Because entertainment is constantly having to turn up the intensity to get the same reactions from the audience. People want more and more exciting stuff, and if you can build excitement and entertainment right into your product, you’ve got a hit.

Speaking of entertainment, people LOVE controversy. Build a controversial website, blog, forum, product line, podcast, YouTube channel, etc. and watch people flock to it. You’ll get free publicity everywhere as people either promote you or flog you in social media, forums and other blogs across the net.

And as a marketer, you could capitalize on both sides at the same time if you wanted to be sneaky about it. For example, you might build two websites – one on each far, far end of the political spectrum – and let them slug it out online. Anything that has what is perceived to be a polar opposite could work, such as God-fearing vs Atheist, protecting wildlife from loggers and miners, etc.

Or build controversy into your product from the start. “How To Use Tax Loopholes So You Don’t Pay Your Fair Share Of Taxes.” Is it legal? Yes. Is it fair? No. Or how about toy guns for children? Some parents love them, many hate them, and all will have something to say about it which drives more traffic to you.

This one’s really sneaky – carry on a conversation between two people about how great a product is. This could be in a forum, posts on a blog, or even if it were to “come up” during an interview about something else. The point of course is to not appear as though it’s a promotion. Yeah, I know; pretty sneaky.

People like to follow, as in “follow the leader.” What happens when one cow walks away from the herd? If the other cows suspect this cow knows something they don’t, they’ll follow. It doesn’t matter WHAT this cow might know, only that they have information that might be of use. Is the grass greener over there? Is there a secret stash of alfalfa or a salt lick over there? Let’s follow her and see!

It might seem callous to compare people to cows, but the herd mentality applies to many species including people. If someone is seen as a leader and that leader uses ABC product, then it’s going to be easy to get the followers to use ABC product as well.

As a marketer, you can use this in one of two ways – either become a leader yourself, or get your product into the hands of leaders and make sure people find out about it.

Speaking of following, people follow the confident person. They’re attracted to confidence like bees to honey. If you don’t have confidence, get it. Depending on your niche, arrogance might work as well.

Take it away. Whatever your product is, find a way to take it away from the potential buyer. Maybe they have to qualify and not everyone can. Or there’s a limited number. Or the offer is ending soon. Or maybe they’re just plain NOT supposed to have it, so you tell them NOT to buy the book but you drop hints of just how powerful it is.

People do not like to be left out. This works well in the Internet Marketing niche and it works even better in any non-marketing savvy niche.

People work harder to get something for nothing. Weird but true. What else explains someone who masters a gambling system or studies race horses just to bet? If your product promises huge returns for small effort, it will sell. Unfortunately, most products like this can’t deliver. But you can use the something-for-nothing technique in a way that is totally ethical – referrals. That is, get people to promote you through social media in exchange for something free.

Another way to ethically use something-for-nothing is to make it appear as though the very act of purchasing your product is a giant leap towards attaining their goal. You’re being honest that there is work involved, but you make the first step seem so enticing they feel they’ve practically achieved their dream simply by buying the product.

People get seduced by stories. BIG TIME. Think of the man sitting cross-legged, playing a flute while a cobra sways hypnotically to the music. This can be you hypnotizing your audience through storytelling, both written and verbal.

Entire courses have been written about using storytelling in marketing. A good story creates thoughts and images in your prospect’s head that seem to originate from the prospect, not from you. And a really great story causes the audience to feel emotions and desires that come from these thoughts and images. Bottom line, get good at storytelling and then use your skill to weave mesmerizing stories throughout your marketing.

People buy dreams, not just once, but over and over again. Why is it a camper will buy every camping gadget out there? Why will a golfer purchase every golfing book written in the past 20 years? Why do Internet marketers buy online marketing products sometimes at the rate of 3 and 4 a day?

This is why a list of actual buyers is so hot – if these people bought once, they will very likely buy again and again. You can continue to create products and promote products to this list and as long as their dream remains alive, they will continue to buy. Perhaps it’s the act of purchasing that makes them feel they are one step closer to realizing their dream. Thus 5 purchases puts them 5 steps closer, and 10 purchases put them…

You can get sneaky with this one as well. Create several somewhat similar products and then let them compete with each other. It can be surprising how many customers purchase two or more.

People actually WANT to believe. So make it real. Make it believable. Help them along. Show some negative with the positive. Did you know that testimonials are far more effective if they mention something NEGATIVE? For example: “I wasn’t crazy about the title of this course and thought it was going to be just a rehash, but it turns out it was exactly what I needed. Using this information I’ve been able to ___ and ___ and achieve ___.” Make it believable.

And remember, please use these methods only for good and never for evil.

A Never-ending Supply of New Ideas

Something I come back to time and again is the importance of generating ideas, having ideas and then putting the best of those ideas to work. Every business you see and every invention you marvel at was at first someone’s idea. Every great blog post, piece of new content, information product, etc., all started as a tiny little seed inside someone’s brain…

ANever-ending Supply of New Ideas

Without the idea, nothing else flows. With the idea, anything is possible.

So how do you get great ideas? By training your brain to find them for you. Every day write down 10 new ideas. If you can’t think of 10, then write 20.

“But if I can’t come up with 10, how am I going to think of 20?”

By relaxing and having fun.

The reason 10 ideas a day is hard is because you think every idea has to be good. No. Even most of the ideas you first think are good won’t actually be… That’s okay. Just train your brain that you want 10 (or 20) new ideas every single day, and your brain will deliver. It’ll be slow at first, but it’s like a muscle – the more you exercise it, the stronger it gets.

Write down your ideas. ALWAYS write down your ideas. Even the hair-brained ones. This teaches your mind to keep finding new ones.

How Do I Know It’s a Good Idea?

Short answer – you don’t. It might sound, look, feel, taste and smell like a good idea, but until you test it out, you just don’t know.

So if you think it might be a winner, take fast action and see what happens. If it fails, you haven’t wasted much time or many resources.

New Projects are Like a Road Trip

You know that ancient saying, “A journey of a thousand miles begins with the first step.” Imagine this:

You’re starting out on a road trip. Maybe it’s your first road trip, so you’re going to make it easy – 150 miles – or kilometers – it doesn’t matter.

You’re in your car pulling onto the road, headed in the right direction.

Now quick: Tell me every curve of the road ahead, every car or truck you’re going to meet, every stop you’re going to make along the way.

What? You don’t know? You can’t see 50 miles ahead? 100 miles ahead?

Of course not.

Then why is it that when most people start a new project, they think they have to know every step they’ll take before they ever start?

You don’t. You only have to know two things: Your destination, and the first step in the right direction. That’s all you need to get started. And just as the road keeps appearing as you continue to move forward, the next step will become obvious as you complete the present step.

So start exercising your idea generating muscle, implement new ideas quickly and leverage the ones that gain traction to create your next business and life success. Then wash, rinse and repeat…

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